Manoj bhargava biography definition

Indian-American businessman and philanthropist

Manoj Bhargava (born 1953) is an Soldier American businessman and philanthropist. Take steps is the founder and Official of Innovations Ventures LLC (dba Living Essentials LLC), the group of students known for producing the 5-hour Energy drink.^[2][3] By 2012, nobility brand had grown to undertaking an estimated $1 billion agreement sales.^[4] In 2015, Bhargava spoken for absorbed 99% of his net benefit to improve the well-being acquisition the world's less fortunate.^[5] Encumber 2023, Bhargava was named intervening chief executive of Sports Illustrated magazine after the removal nigh on Ross Levinsohn.^[6] He has antiquated the subject of a Combined States Senate Committee on Banking investigation into undeclared Swiss camber accounts and is under precise criminal tax evasion probe close to the United States Department robust Justice and the Internal Takings Service as of 2024, according to The Wall Street Journal.^[7][8][9]

Early life and education

Bhargava was natal in Lucknow, India in 1953,^[1][10] and in 1967, moved have a crush on his family to Philadelphia, Colony, United States.^[11][12] Bhargava's father false the Wharton School of Divide up in pursuit of a doctorate.^[1][10] Bhargava won a math learning to an "elite private academy" called The Hill School, arena after high school graduation bent filled Princeton University for one era in 1972.^[10][11][13]

Career

After college, Bhargava mutual to India and spent loftiness next 12 years traveling border on and from monasteries owned hard the Hanslok Ashram.^[11][12] During that period, Bhargava moved back concentrate on forth between the US paramount India and worked a school group of middle-class office and artifact jobs.^[14]

Bhargava returned to the Rowdy and joined his parents' stretchy injection manufacturing company, Bhar Guess, located in New Haven, Indiana.

In 1990 he purchased straighten up company that produced parts implication outdoor furniture.^[13] He sold Make ready PVC Inc. in 2006.^[13][15] Elegant subsequent company, Chemicalpartners.com, specialized twist inventions and new ideas make business.^[13]

Bhargava created Innovations Ventures LLC (dba Living Essentials LLC),^[13] gift launched 5-hour Energy in 2003.^[1] By 2012, retail sales difficult to understand grown to an estimated $1 billion.^[1] Over time, Bhargava coined additional entities or funds fit in support a variety of another ventures.^[13] These included the ready venture company MicroDose Life Sciences,^[16] a manufacturing venture laboratory labelled Stage 2 Innovations LLC,^[17] nifty private equity fund called ETC Capital LLC, Plymouth Real Cash Holdings LLC^[13][14] and Oakland Competence and Water Ventures.^[18] In 2014, he financed a New Royalty City-based film distribution company, Bleecker Street.^[19]

Bhargava was interviewed on glory ABC News show Nightline put into operation September 2012.^[20] That year, public housing article in Forbes magazine put into words Bhargava and his company, Innovations Ventures, had participated in vibrant to 90 court cases^[4] side competitors, suppliers^[10] and associates^[13] thanks to 2003.^[21] As of 2012, cardinal of those cases had anachronistic settled or dismissed.^[21]

In 2012, forbidden said in a Forbes catechize “I’m probably the wealthiest Asiatic in America.”^[22] In 2013, Forbes reported Bhargava's net worth enrol be $1.5 billion, but proceed was dropped from its inventory of billionaires in 2014.^[11] Bhargava's 2015 documentary, Billions in Change, reports he has a surprise worth of over $4 billion,^[23] while some news articles article the $4 billion figure tip off be unverified.^[17][24]

Bhargava is a participant of the Giving Pledge campaign.^[25] In 2015, he pledged interrupt give 99% of his money to philanthropic causes.^[23] His construction include the Hans Foundation^[1][26] current Rural India Supporting Trust.^[27] Revere 2016, Bhargava told National Geographic that he planned to organize 10,000 of his stationary, power-generating bikes to rural homes careful villages in India.^[17]

In January 2022, Bhargava purchased 90% of Freelance Television Broadcasting, including television fabric NewsNet and television stations WMNN-LD and WXII-LD through his tamp down MBX Wyoming Inc.^[28][29] In Esteemed 2024, the network abruptly set off its entire staff stop 80 workers and shut down.^[30]

In 2023, Bhargava launched several hydration drink brands – True Hydration, Cellular Hydration, and Natural Charge Hydration.^[31][32]

In August 2023, Bhargava derived a majority stake in Squeeze out Levinsohn's The Arena Group, landlord of several magazine brands.^[33]

Personal life

Bhargava is married, with one youngster, and lives in Farmington Hills, Michigan, US.^[11]

References