Baiju Bhatt | |
|---|---|
 Bhatt in 2018 | |
| Born | Baiju Prafulkumar Bhatt 1984or1985(age 39–40) [1] |
| Nationality | American |
| Alma mater | Stanford University |
| Occupation | Entrepreneur |
| Known for | Co-founder, Robinhood |
| Spouse | Adrienne Sussman [2] |
| Children | 1 |
Baiju Prafulkumar Bhatt (born 1984/1985) [1] is an American entrepreneur [1] [3] of Indian descent. [3] He was the chief creative officer and co-founder, along with Vladimir Tenev, of Robinhood, a US-based financial services company. [1] [3] [4]
Baiju Prafulkumar Bhatt, the son of Indian immigrants, grew up in Poquoson, Virginia. [5] He earned a bachelor's degree in physics from Stanford University, where he also completed a master's degree in mathematics in 2008. He and Tenev met during Bhatt's time at Stanford. [6]
In 2013, Bhatt co-founded the trading platform Robinhood with Tenev. [1] The idea stemmed from witnessing the issues in the financial industry during the 2011 protests of Occupy Wall Street. [7] In 2015, Robinhood launched a mobile app. [8]
Following a funding round in May 2018 which increased Robinhood's valuation to $6 billion, Bhatt and Tenev became billionaires. [1] [9]
As of August 2021, Forbes has estimated his net worth at US$2.4 billion. [10]
In March 2024, Robinhood announced that Bhatt would step down from his executive role, but remain a member of its board of directors. [11]
Bhatt spoke at Disrupt SF 2018 on investing where he announced plans to launch an IPO for Robinhood in 2019. [12] Bhatt made the Goldhouse 100 most impactful Asians in 2021. [13] Bhatt appeared in a Fast Company list, "Most Creative People", in 2017, and a Forbes "30 Under 30" list in 2016. [14] [15]
Bhatt is married to Adrienne Sussman. [2] They have one child, and live in Palo Alto, California. [2] [10]
Bhatt is portrayed by Rushi Kota in the 2023 film Dumb Money , a drama about the GameStop short squeeze. [16]
Jerry Chih-Yuan Yang is an American billionaire computer programmer, internet entrepreneur, and venture capitalist. He is the co-founder and former CEO of Yahoo! Inc. and founding partner of AME Cloud Ventures.
SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo which focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.
Jack Ma Yun is a Chinese business magnate, investor and philanthropist. He is the co-founder of Alibaba Group, a multinational technology conglomerate. In addition, Ma is also the co-founder of Yunfeng Capital, a Chinese private equity firm. As of February 2024, with a net worth of $30.1 billion, Ma is the sixth-wealthiest person in China, as well as the 50th wealthiest person in the world, ranked by Bloomberg Billionaires Index.
James Coulter is an American billionaire businessman. He is the co-founder of private equity firm TPG Inc., originally known as the Texas Pacific Group.
Evan Thomas Spiegel is a French-American businessman, co-founder and CEO of Snap Inc. Spiegel was the youngest billionaire in the world in 2015. As of March 2023, he had a personal net worth of $2.7 billion according to Forbes.
Lei Jun is a Chinese billionaire entrepreneur and philanthropist. He is known for founding the consumer electronics company Xiaomi. As of October 2022, Lei's net worth was estimated at either US$8.1 billion according to the Bloomberg Billionaires Index, making him the 203rd richest person in the world, or at $7.5 billion by Forbes, ranking him 265th worldwide.
Liu Qiangdong (Richard) (Chinese: 刘强东; born March 10, 1973) is a Chinese Internet entrepreneur. Liu founded Jingdong as a business-to-consumer single retail store for magneto-optical products in June 1998 and later moved the company into an e-commerce website known as JD.com in 2004.
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California. The company provides an electronic trading platform accessible via mobile app that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrency, as well as cryptocurrency wallets, credit cards and other banking services. The company's revenue comes primarily from payment for order flow, net interest income, and subscription fees. The company has 23.9 million funded customers, 13.7 million monthly active users, and $130 billion in assets under custody.
Peng Lei, also known as Lucy Peng, is a Chinese billionaire businesswoman. She is one of the founders of the e-commerce company Alibaba Group. As of March 2017, Peng was one of 21 self-made women billionaires in China.
Ernest C. Garcia III is an American businessman. He is the co-founder and chief executive officer of online used car retailer Carvana.
Vladimir Tenev is a Bulgarian-American entrepreneur who is the co-founder and CEO of Robinhood, a US-based financial technology services company.
Arnout Schuijff is a Dutch billionaire Internet entrepreneur, and the co-founder and former chief technology officer (CTO) of Adyen.
Zhang Yiming is a Chinese internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin. As of March 2024, Zhang's personal wealth was estimated at US$40.2 billion, according to Bloomberg Billionaires Index, making him the second-richest person in China, after Zhong Shanshan. On November 4, 2021, Zhang stepped down as CEO of ByteDance, completing a leadership handover announced in May 2021. According to Reuters, Zhang maintains over 50 percent of ByteDance's voting rights.
Eric S Yuan is a Chinese-American billionaire businessman, engineer, and the chief executive officer and founder of Zoom Video Communications, of which he owns 22%.
Tony Xu is a Chinese-American billionaire businessman and the co-founder and chief executive officer (CEO) of DoorDash. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. He was included in Fortune's "40 Under 40" list in 2020.
Stanley Wei Rui Tang is Hong Kong American billionaire tech entrepreneur. He is best known as the co-founder and Chief Product Officer at DoorDash, which he started along with Tony Xu, Andy Fang and Evan Moore in 2013.
Andy Fang is an American billionaire tech entrepreneur. He is best known as the co-founder and Chief Technology Officer at DoorDash, which he started along with Stanley Tang, Tony Xu and Evan Moore in 2013.
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The short squeeze was initially and primarily triggered by users of the subreddit r/wallstreetbets, an Internet forum on the social news website Reddit, although a number of hedge funds also participated. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share, nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities and cryptocurrencies also increased.
ICONIQ Capital is an American investment management firm headquartered in San Francisco, California. It functions as a hybrid family office providing specialized financial advisory, private equity, venture capital, real estate, and philanthropic services to its clientele. ICONIQ Capital primarily serves ultra-high-net-worth clients working in technology, high finance, and entertainment. The firm operates in-house venture capital, growth equity, and charitable giving funds for its clients.