Baiju Bhatt Explained

Baiju Bhatt
Birth Name:Baiju Prafulkumar Bhatt
Nationality:American
Alma Mater:Stanford University
Occupation:Entrepreneur
Known For:Co-founder, Robinhood
Spouse:Adrienne Sussman[1]
Children:1

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

Early life and education

Baiju Prafulkumar Bhatt, the son of Indian immigrants, grew up in Poquoson, Virginia.[4] 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.[5]

Career

In 2013, Bhatt co-founded the trading platform Robinhood with Tenev.[6] 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.[6] [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]

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 to Adrienne Sussman.[1] They have one child, and live in Palo Alto, California.[1] [10]

In popular culture

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

See also

Notes and References

  1. News: Where Robinhood's Founder Found His Faithful Band of Advisers. Francesca. Fontana. February 21, 2020. WSJ.
  2. Web site: 20 Things You Didn't Know About Baiju Bhatt . 29 Jan 2021 . 2020 . 29 January 2021 . https://archive.today/20210129184358/https://moneyinc.com/baiju-bhatt/ . moneyinc.com . Vix . Bill.
  3. News: Baiju Bhatt Chief Creative Officer/Co-Founder, Robinhood Markets Inc. March 18, 2022. Bloomberg.
  4. Web site: I'm Baiju Bhatt, Robinhood CEO, and This Is How I Work. lifehacker.com. 2 August 2017 . 29 January 2021.
  5. Web site: Baiju Prafulkumar Bhatt: Executive Profile & Biography - Bloomberg. www.bloomberg.com. 23 July 2018.
  6. News: Robinhood Founders Are Billionaires in Silicon Valley Minute. . 11 May 2018 . 23 July 2018.
  7. News: Cao . Sissi . Robinhood CEO Opens Up About How He Convinced Tim Draper to Back His Crazy Idea . 11 January 2019 . Observer . September 10, 2018.
  8. Web site: Online Brokerage Robinhood Will Offer Bitcoin And Ethereum Trading In February. Forbes. 25 January 2018.
  9. Web site: Meet the 11 new tech billionaires that emerged in 2018. 23 July 2018.
  10. Web site: Forbes profile: Baiju Bhatt . Forbes . 18 July 2021.
  11. Web site: Glickman . Ben . 21 March 2024 . Robinhood Co-Founder to Step Down as Creative Chief . The Wall Street Journal.
  12. News: Constine . Josh . Robinhood aims at IPO as the fintech startup seeks CFO . 11 January 2019 . TechCrunch.
  13. News: Kamala Harris, Chloé Zhao, Blackpink Among Gold House's 100 Most Impactful Asians . May 3, 2021. Variety.
  14. News: MOST CREATIVE PEOPLE Baiju Bhatt . January 24, 2017. Fast Company.
  15. News: Robinhood's Triumph: More Than A Billionaire Windfall. July 29, 2021. Forbes.
  16. 2023-06-21 . 'Dumb Money' First Look: The GameStop Stock Frenzy Is Now a Movie . 2023-08-19 . Vanity Fair . en-US.

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