The businessman managed to earn more than 1 billion dollars a year with his energy drink 5-Hour ENERGY but decided to donate almost all of his assets,
Manoj Bhargava He became one of the richest people in the United States after living as a monk for 12 years in his native India. The businessman He raised millions of dollars with his energy drink, 5-Hour ENERGY. But a decade ago he changed his life by donating almost all of his fortune and changing his business model.
The Indian-American He dedicated 99% of his assets to helping the less fortunate and drastically reduced the profits of each product to help the greatest number of people. It did this after its parent company, Innovations Ventures LLC, surpassed 1 billion sales in 2012.
What is the story of Manoj Bhargava?
The billionaire was born into a wealthy family in India, where he grew up until the age of 14 in a luxurious environment and with several servants. His life changed when his family moved to the United States so that his father could pursue a doctorate at Wharton in 1967. The new country also changed the group’s economy because they began to live with the bare minimum.
In the country of North America, Bhargava demonstrated his talent for mathematics and this allowed him access a scholarship to the elite private academy, The Hill Scholl. At this institution he finished his secondary studies and they opened the doors to him to study at Princeton University in 1972. His university years would only last a year before he abandoned his studies to the dismay of his parents, who ran a plastics factory in Indiana. .
The billionaire sought spiritual development by reading about the saints of India and took this path to return to his homeland in 1974. His time as a monk lasted 12 years, he made some trips to the United States in between and did some jobs such as driving a taxi in New York . While in India he worked in a printing press and in the construction industry.
Bhargava returned with his family to the United States, where he entered his parents’ plastic injection factory. The former monk’s goal was to combine his spirituality with his entrepreneurial character and he founded a spare parts company for outdoor furniture and a chemical products company. But it was his third attempt, Innovations Ventures LLC, that conquered the American market with its 5-Hour ENERGY drink. It combines nutrients, vitamins and caffeine.
Manoj Bhargava’s philosophy of life
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The businessman is a fan of anonymity and maintains that if you search for his name in a browser, you will first be able to find a Singapore lawyer. His lack of stardom complements his view of fame as a hobby. Bhargava thinks that he does not have this hobby but it is not bad for others to have it.
On the other hand, the millionaire maintains that: “There are three foundations that define a person’s well-being: electricity, water and health. If you have these three and if you are not lazy you will make a living.” The Indian adds that one does not realize how many people live without electricity or with difficulty accessing it. Regarding this, he added: “If we can fix that, we can make a big difference in a person’s life.” For this reason, he works alongside a team of engineers to make an impact on the world by making and donating portable solar energy devices.
Source: Ambito
