Robinhood Founders Are Billionaires in Silicon Valley Minute
- Baiju Bhatt and Vlad Tenev founded trading platform in 2013
- More than 4 million consumers have signed on with the startup
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It took decades for Wall Street titans Jamie Dimon and Lloyd Blankfein to become billionaires. Baiju Bhatt and Vlad Tenev did it in a Silicon Valley minute.
The Robinhood Markets Inc. co-founders achieved that milestone after a recent funding round for the electronic stock brokerage pushed its valuation to about $6 billion, up from $1.3 billion last year. Bhatt, 33, and Tenev, 31, together own about a third of the company, or $1 billion each on paper, according to an analysis by EquityZen, a marketplace for shares in pre-IPO technology companies.