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The co-founders of the Robinhood app are Vlad Tenev (foreground) and Baiju Bhat in New York. PHOTOS: Reuters
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Billionaire Vlad Tenev became part of this year’s virtual hall of fame of Forbes magazine in the ranking “30 under 30”. The condition of the Bulgarian is estimated at 1.6 billion dollars.
On the occasion of the tenth anniversary of its famous list of billionaires, Forbes has selected the 30 most important business creators of the last decade. Tenev is the co-founder and CEO of the Robinhood stock trading application, which is why he is on the 30 under 30 list. It is believed that his company makes it possible to include ordinary consumers in the brokerage market.
In addition to the Bulgarian, his partner in the creation of “Robinhood” – Baiju Bhat, who has $ 1.7 billion. Vitalik Buterin, the founder of the cryptocurrency etherium, is also on the list of Forbes. He became a billionaire at just 23 years old when his discovery was valued at $ 30 billion. Since then, the price of etherium has risen sharply to a total of $ 500 billion, and the 27-year-old Buterin’s personal fortune has jumped to $ 1.4 billion. dollars.
Among the winners is 26-year-old Austin Russell, who at the age of 25 became the youngest self-created billionaire in the world. He received this title in December 2020, when his company Luminar went public. Russell started his business at the age of 17 to develop high-quality laser sensors for self-driving cars. His company is valued at $ 7 billion.
The rankings also include some of the most influential figures of the past decade. Among them are singers Rihanna and Miley Cyrus, as well as the co-founder of the audio platform “Spotify” Daniel Eck.
Vlad Tenev’s rise began in 2013, when he created Robinhood with Baiju Bhat. Both are fellow students at Stanford University. There they finished mathematics and then started working together. In just one day, 10,000 people registered in their application, and after the first month there were already 50,000. Robinhood is becoming a mania for young consumers who have no experience in securities trading. What attracted their clients was that everything was done online and there were no brokerage commissions.
The Robinhood app, which already has 22 million users, went public in July and currently has a market capitalization of $ 25 billion. Vlad Tenev was born in Varna and moved to the United States with his parents in 1992.
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