New York: An India-origin entrepreneur Baiju Bhatt is among the 10 youngest billionaires on the Forbes 400 ranking of America’s richest.
He is the only person of Indian origin among the 10 youngest billionaires list. Others on the list include Meta founder Mark Zuckerberg, 41, and Walmart heir Luke Walton, 38.
Bhatt is the 40-year-old co-founder of stock trading app Robinhood. According to the Forbes ranking, his current net worth is $6 billion, thanks largely to the 6% stake he owns in Robinhood.
Bhatt met Robinhood co-founder Vlad Tenev when they were both students at Stanford. The two launched their financial services app in 2013.
The Indian-American entrepreneur served as co-CEO of Robinhood alongside Tenev until 2020, after which he took on the role of chief creative officer. He stepped down from his executive position in 2024 but continues to serve on Robinhood’s board and holds a 6% ownership stake.
Bhatt is the only son of two Gujarati immigrants to the United States. His parents moved to the US after his father was accepted into a PhD program at University of Huntsville Alabama.
Bhatt grew up in the small town of Poquoson in Virginia and followed in his father’s footsteps when he studied physics at Stanford. He also obtained a master’s degree in mathematics – also from Stanford – in 2008.
