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Vlad Tenev PHOTO: Reuters
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The highly developing online investment service “Robinhood”, created by the Bulgarian Vlad Tenev, has officially submitted documents for registration on “Wall Street”, BNT writes.
The service, which is especially popular with younger investors, saw phenomenal growth during Covid-19, but also met with controversy.
Robinhood’s revenue grew 245% in 2020 to $ 959 million. As of March 31, the company has assets of $ 81 billion.
Vlad Tenev officially became the first billionaire, raised in Bulgaria, to enter the list of “Forbes” with the richest hops in the world. It ranks in the ranking of the most recent edition for 2021 in 2574th place with a net worth of 1 billion dollars.
Blad Tenev was born in Bapna, where he moved to the United States with his parents in 1992. They are economists and have the opportunity to work for the World Bank in Bashi.
In 2009, Bajji Bat and Vlad Tenev created their first stage, named Sronoi Regearsh, which offers instruments for hedge funds and banks.
In 2013, the two founded Robinhood. In just one day, 10,000 people are registered in it, and in a month they reach up to 50,000 people. Robinhood is becoming a real mania among young consumers with little or no experience in securities trading.
What attracts them is the opportunity to practice it online and the fact that the company works without brokerage commissions. Tenev and Bat are minority shareholders with a share of over 10%.
The trading application “Robinhood”, which stopped the purchase of certain shares in the midst of the madness around GameStop, received a backlash on social media and later Vlad Tenev was called to testify before the US Congress. However, Robinhood added about 3 million customers in January alone, according to JMP Securities.
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