Manoj Bhargava’s profile picture

Manoj Bhargava

Manoj Bhargava’s profile picture
Net worth 2018: $1.5 Billion
Country: United States
BirthDay: 1953
Children: 1
Education: Drop Out, Princeton University
BIOGRAPHY

Manoj Bhargava was bornon 1953 in United States. Manoj Bhargava's 5-Hour Energy weathered some negative publicity this past year. In 2012 the Indian-born mogul's ubiquitous energy shots were named by the Food & Drug Administration as having possibly contributed to 13 deaths in four years. Parent company Living Essentials responded that it was "unaware of any deaths proven to be caused by the consumption of 5-Hour Energy." Bhargava joined the Forbes Billionaires list last year, having taken a highly unusual career path. A math whiz, he moved to Philadelphia with his family as a teen, and soon headed to Princeton U,. but dropped out after freshman year. He went back to India, where he lived as a monk in the mountains for 12 years. After returning to the U.S., he forged a successful career in plastics then stumbled upon a formula for energy shots at a health trade fair. His two-ounce caffeine and vitamin elixir, 5-Hour Energy, promises to keep users alert without crashing, and claims a 90%-plus market share in the energy shot sector. The brand gets its own boost from its distinctive red bottles and deliberately corny, low-cost TV ads. Bhargava owns 35% of 5-Hour's parent company; he pledged another 45% to charitable causes in poverty-stricken rural India.

NET WORTH STATISTIC
2012

$1.5 Billion

2013

$1.5 Billion

2018

$1.5 Billion

TIMELINE
2016

In 2016, Bhargava told National Geographic that he planned to distribute 10,000 of his stationary, power generating bikes to rural homes and villages in India

2015

In 2015, he pledged to give 99% of his wealth to philanthropic causes

2014

5 billion, but he was dropped from its list of billionaires in 2014

2013

In 2013, Forbes reported Bhargava's net worth to be $1

2012

As of 2012, fourteen of those cases had been settled or dismissed

2003

That year, an article in Forbes magazine said Bhargava and his company, Innovations Ventures, had participated in up to 90 court cases against competitors, suppliers and associates since 2003

1990

In 1990 he purchased a company that produced parts for outdoor furniture

1972

Bhargava won a math scholarship to an "elite private academy" called The Hill School, and after high school graduation attended Princeton University for one year in 1972

1953

Bhargava was born in Lucknow, India in 1953, and in 1967, moved with his family to Philadelphia, Pennsylvania, United States

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