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Vlad Tenev Net Worth: Robinhood CEO’s Bio, Career, Net Worth, & GameStop Scandal

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Vlad Tenev Net Worth

Vlad (Vladimir) Tenev  is an entrepreneur and famous for co-founding the financial services company Robinhood. Tenev and co-founder Baiju Bhatt became billionaires after receiving $6 billion funding in 2018 for Robinhood. Vlad Tenev has a net worth of $1 billion.

Vlad Tenev was born in Bulgaria between 1986-1987 and migrated to the United States when he was just five years old. He grew up in Washington, D.C., while his parents worked for the World Bank. While earning a degree in Mathematics at Stanford University, he met his co-founder, Baiju Bhatt.

Later, while studying for a mathematics PhD at UCLA, he decided to drop out and work with Bhatt on developing low-latency trading software. In 2013, Tenev and Bhatt co-founded the trading financial platform, Robinhood.

 


Also Read:

Baiju Bhatt Net Worth: How Rich is the Robinhood Co-Founder?

 


 

Vlad Tenev Net Worth Affected By GameStop Scandal?

On January 28, 2021, Vlad Tenev and Robinhood blocked GameStop buy orders to ‘Protect Investors’ from the volatility that powered GameStop’s stock ($GME) to all-time highs. A short-squeeze event occurred on the stock where wealthy investors and hedge funds were in short positions against GameStop.

As of January 29, 2021 – according to this article, an estimated $70 billion was lost in these short positions.

Tenev and Robinhood received criticisms across the internet for their actions on the platform. Retail investors were not allowed to buy $GME stock and only had the option of selling it, which appears to be in favor of allowing wealthy investors and hedge funds exit their positions.

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For the first time in recent years, opposing political parties have united against this:

Robinhood is expected to go through with its IPO this year, depending on the outcome, this could exponentially skyrocket Vlad Tenev’s net worth. This transparent event has brought forth a lot of questions surrounding Robinhood and its affiliation with many financial institutions such as Citadel, Point 72, and Melvin Capital. Is Robinhood truly for the people?

 

Vlad Tenev Net Worth: $1 Billion.

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