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Courtesy of Norrsken Foundation Last month, two cofounders of Swedish fintech startup Klarna became billionaires. Niklas Adalberth, the third cofounder, sold most of his equity to fund philanthropy. The impact investor told Insider why he stepped away from Klarna and gave up billions. Four weeks ago, Swedish fintech darling Klarna raised $1 billion at a $31 billion valuation, giving two of its cofounders – CEO Sebastian Siemiatkowski and former CFO Victor Jacobsson – fortunes of more than $2 billion each, per Forbes. Niklas Adalberth, the third cofounder, could have been a billionaire too. He owned 8% of Klarna when he departed the buy now, pay later firm in 2015, which allows consumers to pay for items in installments. That equity would be worth nearly $2.5 billion today. Instead, he has sold down his stake over the years to fund his philanthropy and impact investing. His remaining stake of 0.75% is worth some $230 million.

San franciscoUnited statesSebastian siemiatkowskiVictor jacobssonNiklas adalberthErik engellau nilssonLas vegasNorrsken foundationNorrsken houseசான் பிரான்சிஸ்கோஒன்றுபட்டது மாநிலங்களில்லாஸ் வேகாஸ்