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Gurhan Kiziloz Claims $1.7 Billion Fortune as Self-Funded Nexus Hits $1.2 Billion Revenue

The self-funded founder signals a possible 2027 IPO only if revenue reaches $5 billion.

Overview

  • Kiziloz says he retains 100% ownership of Nexus International and all assets, including Spartans.com and BlockDAG, with no boards or outside shareholders.
  • Nexus reported $1.2 billion in 2025 revenue, up from $400 million in 2024, after missing a $1.45 billion goal and recording a 7% profit decline tied to reinvestment.
  • The company directed roughly $200 million to Spartans.com in 2025, with the platform offering over 5,900 games, crypto and fiat payments, instant withdrawals, and a one-off hypercar giveaway launched on January 15, 2026.
  • Kiziloz removed BlockDAG’s chief executive and senior leaders earlier this year as the Layer-1 project remains part of his vertically integrated strategy.
  • Nexus indicates an IPO is under consideration for 2027 contingent on reaching about $5 billion in revenue, with no listing venue disclosed and several figures reported primarily via company-aligned sources.