Rishi Shah’s profile picture

Rishi Shah

Cofounder and CEO, Outcome Health
Rishi Shah’s profile picture
Net worth 2018: $3.6 Billion
Industry: Technology
Residence: Chicago, Illinois
Country: United States
BirthDay: 1985
Education: Bachelor of Arts / Science, Northwestern University
BIOGRAPHY

Rishi Shah was bornon 1985 in Chicago, Illinois, United States, is Cofounder and CEO, Outcome Health. Rishi Shah, a 31-year-old college dropout, is cofounder and CEO of healthcare media firm Outcome Health. Outcome Health places iPad-like tablets and large-format touch screens in doctors' waiting rooms and offices. Outcome plans to sell ads and more for the touch screens to health insurers and hospital systems with the goal of making patients healthier. Venture capital investors valued Outcome Health at $5.6 billion in May 2017, and Shah owns about 80% of the company. Shah, the son of a doctor, dropped out of Northwestern University to start a previous company which morphed into Outcome Health.

NET WORTH STATISTIC
2017

$3.6 Billion

2018

$3.6 Billion

TIMELINE
Rishi Shah (born 1985/86) is an American billionaire, the founder and 80% owner of Outcome Health.Rishi Shah is the son of Dr Upendra Shah, an endocrinologist and his wife Sonal Shah. He was educated at Hinsdale Central High School and Northwestern University, but dropped out to start a business career.In May 2017, Forbes estimated his net worth at $3.6 billion, following a funding round with Goldman Sachs, CapitalG, Pritzker Group, and others invest $600 million in Outcome Health, giving it a $5.6 billion valuation. This is the largest single funding round since Groupon in 2011, when it raised $950 million in its fifth funding round.Investors in Outcome Health subsequently sued the prominent Chicago advertising startup and its two founders, claiming fraud and breach of contract some eight months after investing nearly $500 million in the company.Funds managed by an investment unit of Goldman Sachs Group Inc., Google parent Alphabet Inc., and other firms alleged the company and its founders, Rishi Shah and Shradha Agarwal, misled them by knowingly providing false data and financial reports before the firms invested $487.5 million beginning in March, 2017.
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