Nikolay Storonsky, the billionaire co-founder of fintech company Revolut, is quietly building a global luxury travel business under a new venture called Utopia Design, according to Forbes.
Founded in 2023, Utopia Design has been developing high-end vacation villas in locations including Cabarete in the Dominican Republic, Jericoacoara in Brazil, and the upscale Pedralbes neighborhood in Barcelona, Spain.
The project is backed by Storonsky's family office and operates under a British Virgin Islands–registered parent company named Kiteway, Forbes reported.