The article profiles Mikhail Parakhin, a 29-year-old engineer at Shopify who owns a significant amount of the company’s stock. According to the author’s calculations, if Shopify’s stock continues to grow at its current rate, Parakhin could become the world’s first trillionaire by 2024. The article highlights Parakhin’s background, including his early interest in coding and his decision to join Shopify in 2016. It also discusses Shopify’s rapid growth and success, particularly during the COVID-19 pandemic when e-commerce sales surged. While the prospect of Parakhin becoming a trillionaire is highly speculative, the article suggests that his wealth could continue to grow substantially if Shopify maintains its momentum. However, the author acknowledges that such projections are subject to numerous variables and uncertainties.
Source: https://www.businessinsider.com/mikhail-parakhin-shopify-2024