Manoj Bhargava famous, acclaimed and distinguished Indian American philanthropist and businessman who is the founder of Innovations Ventures LLC. He is also the CEO of the company that he founded which is famous for producing “5-hour energy” drink. This native, recognisable and influential personality has achieved a huge amount of fortune throughout and has assured most of his income to be spent for the needy. So without further doing, let’s check out how much this well-defined personality has achieved and what is his net worth in 2019.
In the year 1953, Manoj Bhargava was born in India, Lucknow and later in 1967 moved to Pennsylvania, Philadelphia with his family. His father is a scholarly person who was a student at Wharton School of Business from where he got a doctorate. At an elite private school, The Hill, Manoj Bhargava won a scholarship is maths.
In 1972, after completing his high school, Bhargava went to Princeton University for higher studies. Bhargava is married to Sadhna Bhargava, and they have a single son named Shaan Bhargava.
After attending Princeton University, Manoj Bhargava returned to India where he spent most of his time (for almost 12 years) from one monastery to another. These monasteries are communal like, and they are owned by Hanslok Ashram. It was during this time that Manoj Bhargava traveled between India and USA and worked in a series of construction and middle-class office jobs. Then he came back to the USA and became a part of their parent’s business. Bhargava’s parents were owners of a plastic injection producing company known as “Bhar Incorporated” which is located in Indiana, New Haven.
In the year 1990, Bhargava bought a company that manufactures parts for outdoor furniture. In 2006, he sold Prime PVC and then found another company named “Chemicalpartners.com” that specializes in new business ideas and inventions. In the year 2003, Bhargava created his own company, “Innovations Ventures LLC” and launched its signature “5-hour energy” drinks. This company became so popular that by the year 2012 the retail sales skyrocketed to an estimated amount of $ 1 billion.
Later Manoj Bhargava expanded his business into various new ventures which include the MicroDose life sciences. This is a capital venture company which deals in producing venture laboratory, and it is known as the Stage 2 Innovations LLC. He also founded a private equity fund which is known as ETC Capital LLC, Oakland Energy and water ventures and also Plymouth real estate. He financed the company, Bleecker Street in the year 2014.
Awards and achievements
In September 2012, Manoj Bhargava appeared in an interview on the ABC news show named, “Nightline.” In the same year, it was claimed by Forbes magazine that Innovations Ventures has participated in about 90 court cases. These cases were against associates, competitors, and suppliers and they have been going on since 2003. But until the year 2012 fourteen cases have been dismissed or settled.
Manoj Bhargava is a member of the Giving Pledge campaign, and in the year 2015, he pledged to give 99% of his fortune to philanthropic causes. He also founded the Hans Foundation and Rural India supporting trust. He is extremely talented which makes him one the richest Indian businessman in the USA.
Net worth of Manoj Bhargava
The net worth of Manoj Bhargava is estimated to be a whopping $4.5 billion.
Manoj Bhargava is considered to be one of the richest Indians in the USA. Bhargava is a billionaire on his own rights and virtue, and he believes in charitable works. This math expert is not just a successful businessman but also a true human being with the best sense of humanity.