Robinhood co-founders Baiju Bhatt and Vladimir Tenev. The highly anticipated IPO will make Robinhood’s billionaire cofounders, Vlad Tenev, 34, and Baiju Bhatt, 36, even richer. According to the updated filing, Tenev holds 54.3 million shares of class B stock, while Bhatt has 80.2 million shares. Tenev could stand to make an additional $4.7 billion, while Bhatt could make over $2.8 billion. Two days later, Robinhood’s founders pledged to tighten eligibility criteria, educational resources and upgrades to its user interface for customers trading options.

Source: Forbes July 19, 2021 15:56 UTC