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Billionaire Founder Baiju Bhatt: A Modern-Day Robinhood
Posted
October 19, 2018
Views
9,011
Likes
98
Comments
16
Engagement
1.27%
October 19, 2018
9,011
98
16
1.27%
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Robinhood co-CEO Baiju Bhatt has a lot of responsibility. The online trading platform he co-founded in 2013 is worth billions, has 5 million brokerage accounts and is planning to go public.
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He also has big goals for the Menlo Park, California-based start-up, which rolled out its zero-fee trading platform aimed at millennials about three years ago: "We see in five years, Robinhood being one of the largest financial institutions, if not the single largest, in the United States," Bhatt tells CNBC Make It.
His ambition has certainly paid off so far. In May, Robinhood closed a $363 million series D funding round, which valued the company at $5.6 billion. Since Bhatt and his co-founder Vlad Tenev own about a third of the company together, their equity stakes each became worth $1 billion, according to a report by Bloomberg.
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Billionaire founder Baiju Bhatt has big plans for Robinhood | CNBC Make It.
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