Robinhood CEO: In the future, over $100 trillion in wealth will be transferred to the younger generation
2026-09-19 12:17:40
According to CoinMeta, Robinhood CEO Vlad Tenev stated that the company attracts customers through businesses such as cryptocurrency and stock trading, as well as market forecasting, and then encourages users to utilize long-term wealth management services like retirement accounts and financial consulting. He pointed out that over the next few decades, more than 100 trillion dollars in wealth will be transferred from the older generation to the younger generation, and the company aims to make this process accessible to the public at a lower cost. By the end of the second quarter, the number of funded accounts on Robinhood reached 28 million, a year-on-year increase of 7%, with average revenue per user also increasing by 24%. The company is expanding its investment management, banking, and credit card services, and has begun this year to launch a network of advisors that connects customers with registered investment consultants.
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Source:CNBC
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