Baiju Bhatt

Baiju Prafulkumar Bhatt (born 1984/1985)[1] is an American entrepreneur[1][2] of Indian descent.[2][3][4] He is the chief creative officer and co-founder, along with Vladimir Tenev, of Robinhood, a US-based financial services company.[1][2][5]

Baiju Bhatt
Bhatt in 2018
Born
Baiju Prafulkumar Bhatt

1984 or 1985 (age 38–39)[1]
NationalityAmerican
Alma materStanford University
OccupationEntrepreneur
Known forCo-founder, Robinhood
SpouseMarried
Children1

Early life

Baiju Prafulkumar Bhatt, the son of Indian immigrants, grew up in Poquoson, Virginia.[6] 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.[7]

Career

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.[8] In 2015, Robinhood launched a mobile app.[9]

Following a funding round in May 2018 which increased Robinhood's valuation to $6 billion, Bhatt and Tenev became billionaires.[1][10]

As of August 2021, Forbes has estimated his net worth at US$2.4 billion.[11]

Awards and recognition

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]

Personal life

Bhatt is married, with one child, and lives in Palo Alto, California.[11]

Bhatt is portrayed by Rushi Kota in the 2023 film Dumb Money, a drama about the short squeeze.[16]

References
  1. "Robinhood Founders Are Billionaires in Silicon Valley Minute". Bloomberg News. 11 May 2018. Retrieved 23 July 2018.
  2. Vix, Bill (2020). "20 Things You Didn't Know About Baiju Bhatt". moneyinc.com. Archived from the original on 29 January 2021. Retrieved 29 Jan 2021.
  3. BG Mahesh [@bgmahesh] (29 Dec 2017). "Wasn't aware the co-founder of @robinhoodapp, the most popular stock trading app in the US, @bprafulkumar was of Indian origin #Gujarat. They have scaled very well, kudos" (Tweet). Archived from the original on 29 January 2021 – via Twitter.
  4. "Baiju Prafulkumar Bhatt". linkedin.com. Archived from the original on 29 January 2021. Retrieved 29 Jan 2021.
  5. "Baiju Bhatt Chief Creative Officer/Co-Founder, Robinhood Markets Inc". Bloomberg. March 18, 2022.
  6. "I'm Baiju Bhatt, Robinhood CEO, and This Is How I Work". lifehacker.com. 2 August 2017. Retrieved 29 January 2021.
  7. "Baiju Prafulkumar Bhatt: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 23 July 2018.
  8. Cao, Sissi (September 10, 2018). "Robinhood CEO Opens Up About How He Convinced Tim Draper to Back His Crazy Idea". Observer. Retrieved 11 January 2019.
  9. "Online Brokerage Robinhood Will Offer Bitcoin And Ethereum Trading In February". Forbes. 25 January 2018.
  10. "Meet the 11 new tech billionaires that emerged in 2018". Retrieved 23 July 2018.
  11. "Forbes profile: Baiju Bhatt". Forbes. Retrieved 18 July 2021.
  12. Constine, Josh. "Robinhood aims at IPO as the fintech startup seeks CFO". TechCrunch. Retrieved 11 January 2019.
  13. "Kamala Harris, Chloé Zhao, Blackpink Among Gold House's 100 Most Impactful Asians". Variety. May 3, 2021.
  14. "MOST CREATIVE PEOPLE Baiju Bhatt". Fast Company. January 24, 2017.
  15. "Robinhood's Triumph: More Than A Billionaire Windfall". Forbes. July 29, 2021.
  16. "'Dumb Money' First Look: The GameStop Stock Frenzy Is Now a Movie". Vanity Fair. 2023-06-21. Retrieved 2023-08-19.
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