Robinhood CEO Vlad Tenev’s Net Worth Hits $6.1 billion on 384% Stock Surge

- Vlad Tenev’s net worth jumps sixfold to $6.1 billion in one year. - Robinhood’s stock surges 384%, driven by crypto and tokenized stock growth. On July 29, 2025, Forbes reported that Robinhood CEO Vlad Tenev's net worth has soared to $6.1 billion. His wealth increased sixfold, driven by an explosive year of growth in the company's operations and stock performance. This surge highlights Robinhood's successful expansion into cryptocurrency and its introduction of tokenized stocks, which has fueled investor enthusiasm. The company’s stock grew a remarkable 384% by July 29, with shares reaching $111 and its market capitalization climbing to almost $98 billion. A key driver for this growth was Robinhood's acquisition of the cryptocurrency exchange Bitstamp for $200 million in early 2025. This move boosted Robinhood's global reach by leveraging Bitstamp’s 5,000 institutional accounts and crypto licenses throughout Europe and Asia. Robinhood’s pivot to cryptocurrency has delivered substantial financial results. The platform generated $626 million in crypto revenue in 2024, nearly five times its 2023 figure of $135 million. In the first quarter of 2025, crypto revenue reached $252 million, accounting for over one-third of Robinhood’s total transaction revenue for the period. In another critical development, Robinhood rolled out tokenized stocks for European users in July 2025. These commission-free, non-voting stock tokens mirror U.S. equities and ETFs and are tradable 24/5. They also include shares of private companies like SpaceX and OpenAI. Despite its appeal to global investors, the initiative drew controversy. OpenAI rejected any association with Robinhood's tokenized shares, and Lithuanian regulators opened compliance investigations. Notably, competitors like Gemini and Coinbase are also expanding into tokenized securities offerings. Robinhood has diversified beyond crypto to become a full-spectrum financial services provider. Its offerings now include IRAs and high-yield savings accounts. The company also launched a credit card with 3% cashback, which attracted a waitlist of 3 million users. In March 2025, Robinhood launched “Robinhood Strategies,” a hybrid robo-human investing solution. The service secured $350 million in assets within four months. This diversification reduced Robinhood’s dependence on transaction revenues, which comprised 56% of the company's total in 2024, down from 77% in 2021. Analysts now forecast that ten of Robinhood’s product lines could each generate $100 million in revenue within two years, which would further cement its status as a major player in global finance. According to CoinMarketCap, as of July 29 at 22:09 UTC, Bitcoin (BTC) was priced at $117,545.77, down 0.576% in daily trading volume, while Ethereum (ETH) traded at $3,775.96, reflecting a 0.662% decrease over the same 24-hour period.