Vladimir Tenev

Vladimir Tenev (Bulgarian: Владимир Тенев; born 1986/7),[1] also known as Vlad Tenev, is a Bulgarian-American billionaire entrepreneur, the co-founder (with Baiju Bhatt) of Robinhood, a US-based financial services company.

Vladimir Tenev
Born1986/1987 (age 33–34)
Varna, People's Republic of Bulgaria
NationalityAmerican, Bulgarian
EducationStanford University (BA)
University of California, Los Angeles (no degree)
OccupationEntrepreneur
Known forCo-founder, Robinhood
Net worth$1 billion
Spouse(s)Celina Tenev
Children1

Early life

Tenev was born in Bulgaria, and his parents migrated to the U.S. when he was five.[2] His parents both worked for the World Bank,[3] He attended Thomas Jefferson High School for Science and Technology[4] in Fairfax County, Virginia.

He earned a degree in mathematics from Stanford University, where he met Baiju Bhatt.[1] He studied for a mathematics PhD at UCLA, but dropped out to work with Bhatt.[3][5]

Career

In 2010, Tenev and Bhatt started a high-frequency trading company called Celeris. By January 2011 they abandoned it to create Chronos Research, which sold low-latency software to other trading firms and banks.[6]

In 2013, Tenev and Bhatt co-founded the trading platform Robinhood.[1]

Following a funding round in May 2018 which increased Robinhood's valuation to $6 billion, Tenev and Bhatt became billionaires.[1][7]

Controversies

On January 28, 2021, Tenev defended Robinhood's decision to prevent users from buying stock or options in a variety of securities, notably Gamestop, during the Gamestop short squeeze;[8][9][10][11] the decision had sparked widespread criticism from users of the app as well as politicians in both major American parties.[12]

Awards and recognition

Tenev was included in a Forbes' 30 Under 30 list in 2013.[13] He was invited to be the keynote speaker at UCLA's 2019 Math Commencement Ceremony.[14]

References
  1. "Robinhood Founders Are Billionaires in Silicon Valley Minute". Retrieved 23 July 2018.
  2. "The founders of Robinhood, a no-fee stock-trading app, were initially rejected by 75 venture capitalists — now their startup is worth $1.3 billion". Retrieved 23 July 2018.
  3. "Vlad Tenev, 28". Forbes. Retrieved 23 July 2018.
  4. Thomas Jefferson HS. "Thomas Jefferson HS". Twitter.
  5. Ongchoco, David (12 August 2015). "Startup Insider: The Story Behind Stock Trading App Robinhood and Its One Million-Person Waitlist". Retrieved 23 July 2018.
  6. "Win the Stock Market with Crowd Sourced Advice from New App Robinhood".
  7. "Meet the 11 new tech billionaires that emerged in 2018". Retrieved 23 July 2018.
  8. Staff, Reuters (2021-01-29). "Robinhood CEO says limited trade to protect firm and customers". Reuters. Retrieved 2021-01-29.
  9. "Robinhood CEO Vlad Tenev speaks out on decision to restrict trading on GameStop and other stocks". CNBC. 2021-01-29. Retrieved 2021-01-29.
  10. "Robinhood CEO Says Trading Limits Will Protect Firm, Customers". Bloomberg.com. 2021-01-29. Retrieved 2021-01-29.
  11. Robinhood CEO speaks on controversy after GameStop stock chaos - CNN Video, retrieved 2021-01-29
  12. "Robinhood founder Vlad Tenev says app blocked GameStop buys to "protect investors"". Newsweek. 2021-01-28. Retrieved 2021-01-29.
  13. Vardi, Nathan (January 4, 2016). "30 Under 30 Finance: The Top Young Traders, Bankers And Dealmakers". Forbes. Retrieved 11 January 2019.
  14. "2019 Math Commencement Keynote Speaker: Vladimir Tenev". UCLA. Retrieved 7 April 2020.
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