Revolut Founder Nik Storonsky Sued Over Alleged £15 Million Yacht Commission Dispute
Luxury ship broker Cecil Wright & Partners claims Storonsky's team circumvented them to avoid paying a commission on a £300 million superyacht purchase.
Revolut founder Nik Storonsky is facing a lawsuit from a luxury ship broker that alleges he intentionally bypassed the firm to avoid paying a commission on his purchase of a £300 million superyacht.
Cecil Wright & Partners filed a claim with the High Court, asserting entitlement to a 5 percent fee from the transaction, amounting to approximately £15 million. The brokerage states that in October 2024, an advisor from Storonsky's family office initially approached them to commission a custom-built yacht. Subsequently, in 2025, his advisors inquired about available yachts for immediate purchase, and Cecil Wright recommended the vessel in question, which was still under construction.
According to the filings, Storonsky, whose net worth is estimated at £15 billion due to his stake in Revolut, allegedly proceeded to purchase the yacht directly from its previous owner, Canadian billionaire Patrick Dovigi, after being introduced by the brokerage. The firm's lawyers contend that Cecil Wright is the "effective cause" of the sale and is therefore owed the commission.
Chris Cecil-Wright, the founder of the brokerage, described the situation as rare and expressed his strong conviction, leading to the legal action. A spokesperson for Storonsky's family office has stated that the claims are "without merit and will be defended."
The superyacht, measuring 334 feet, features amenities such as a glass-bottomed infinity pool, a beach club, and a cryotherapy chamber. It was originally commissioned by Dovigi, a former ice hockey player for the Edmonton Oilers. The yacht was later sold to a Brazilian banker who was arrested in 2025 on fraud allegations, after which Dovigi repurchased it before selling it to Storonsky.
Storonsky established Revolut in 2013 with his personal savings, and the fintech firm has since grown significantly, reportedly valued at £56 billion following a funding round last October. The company is among the 15 largest listed companies by valuation and is reportedly considering a stock market listing in the coming years, with London as a potential venue. Revolut also recently secured a UK banking license after a five-year application process and is planning for expansion into the U.S. market.