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Nick Molnar’s runaway success starts with style

Nick Molnar’s runaway success starts with style

He’s 31 years old and a billionaire two times over. Now, through his company Afterpay, Nick Molnar returns to his roots in the fashion industry.

Nicholas Molnar. Afterpay isn’t a payments platform but a way for retailers to find new customers and get them to spend more, he says. Damian Bennett

Nick Molnar has a long black, single shot.“I didn’t realise there were two shots in a long black. I switched to cut down on milk. And I was like, ‘Whoa, check this out, I am f---ing productive’. Then somebody told me I was having two shots in every coffee. I was like, ‘OK, well that explains it’.”

It’s 11am on a Friday, and we’re meeting in a nondescript cafe of Molnar’s choosing in North Bondi. He’s dressed casually: Birkenstocks, black T-shirt, shorts. The owner knows him by name but nobody else seems to notice that, sitting in the corner, with his one-shot long black, is the country’s youngest self-made billionaire.

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Lauren Sams
Lauren SamsFashion editorLauren Sams is the fashion editor, based in Sydney. She writes about lifestyle including the arts, entertainment, fashion and travel. Lauren has worked as a features editor and fashion journalist for ELLE, marie claire and more. Email Lauren at lauren.sams@afr.com

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Original URL: https://www.afr.com/companies/financial-services/why-fashion-is-key-to-afterpay-s-staggering-success-20210211-p571jp