PANews reported on October 9th that Robinhood Markets Inc.'s stock price has quadrupled this year, making it the best-performing stock in the S&P 500. This surge has been fueled by President Trump's deregulation of financial markets, which has led to rising stock prices and a surge in cryptocurrency trading. This surge has propelled Robinhood co-founders Vlad Tenev and Baiju Bhatt to their first appearance on the Bloomberg Billionaires Index's list of the world's 500 richest people, with personal fortunes of $7.5 billion and $8.8 billion, respectively. The two co-founders each hold about 6% of Robinhood's shares and jointly control the board through a special class of super-voting stock. Bhatt is set to step down as an executive in 2024 but remain on the board.PANews reported on October 9th that Robinhood Markets Inc.'s stock price has quadrupled this year, making it the best-performing stock in the S&P 500. This surge has been fueled by President Trump's deregulation of financial markets, which has led to rising stock prices and a surge in cryptocurrency trading. This surge has propelled Robinhood co-founders Vlad Tenev and Baiju Bhatt to their first appearance on the Bloomberg Billionaires Index's list of the world's 500 richest people, with personal fortunes of $7.5 billion and $8.8 billion, respectively. The two co-founders each hold about 6% of Robinhood's shares and jointly control the board through a special class of super-voting stock. Bhatt is set to step down as an executive in 2024 but remain on the board.
Robinhood co-founders make the Bloomberg Billionaires Index's list of the world's 500 richest people.
PANews reported on October 9th that Robinhood Markets Inc.'s stock price has quadrupled this year, making it the best-performing stock in the S&P 500. This surge has been fueled by President Trump's deregulation of financial markets, which has led to rising stock prices and a surge in cryptocurrency trading. This surge has propelled Robinhood co-founders Vlad Tenev and Baiju Bhatt to their first appearance on the Bloomberg Billionaires Index's list of the world's 500 richest people, with personal fortunes of $7.5 billion and $8.8 billion, respectively.
The two co-founders each hold about 6% of Robinhood's shares and jointly control the board through a special class of super-voting stock. Bhatt is set to step down as an executive in 2024 but remain on the board.
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