Manoj Bhargava-founder and CEO of Innovations Ventures LLC
Manoj Bhargava, an Indian American billionaire businessman and philanthropist, was born in 1953. He is the creator and CEO of Innovations Ventures LLC, also known as dba Living Essentials LLC, which is well recognised for manufacturing the popular energy drink known as the 5-hour Energy drink.
|Award||Global Indian Business Leader Award|
Manoj Bhargava was born on 1 January 1953, in Lucknow, India. He spent his early years in India and moved to the United States in 1967 when he was just 14 years old. Bhargava grew up in a family that was not wealthy, and he worked odd jobs to make ends meet. After moving to the United States, he attended Princeton University but dropped out after a year to travel around Europe and Asia.
In the early 1970s, Bhargava returned to the United States and worked various jobs, including driving a taxi in New York City. He eventually moved to Philadelphia and started a business selling women’s clothing, which he later sold for a profit. Bhargava then moved to Colorado and started a plastics company that produced parts for the automotive industry. After founding his first company, Prime PVC, he went on to start Living Essentials.
In 1990, Bhargava founded Living Essentials also known as Innovations Ventures LLC, a consumer products company that produces health and wellness products. Living Essentials is best known for its 5-hour Energy drink which he developed in 2004. The drink is marketed as a quick and convenient way to boost energy levels and improve focus without the crash associated with other energy drinks and has become a popular energy supplement in the United States. Living Essentials has become one of the fastest-growing companies in the United States, with estimated annual revenue of over $1 billion.
Bhargava has also been involved in a number of other business ventures. He has invested in several start-ups, including the tech company Eureka and the healthcare company Health Warrior. He has also acquired a number of businesses in various industries, such as construction, manufacturing, and real estate.
Bhargava is also an advocate for sustainable energy and has invested in research and development in this area. He has developed a number of inventions, including a stationary bike that can generate electricity, and has invested in research into new battery technologies.
- Bhargava has pledged to give away 99% of his wealth to charitable causes.
- In 2015, he founded the Hans Foundation, a non-profit organization that focuses on providing basic amenities such as healthcare, education, and clean water to underprivileged communities in India.
- He also founded the Rural India Supporting Trust, a non-profit organization to help the society.
- He has also launched a venture called “Billions in Change,” which aims to develop innovative solutions to global problems, such as lack of access to clean water and reliable electricity.
- In addition to his foundation work, Bhargava has also made personal donations to a variety of charitable causes. He has supported organizations working on issues like climate change, renewable energy, and social justice, as well as organizations focused on providing healthcare and education to underserved communities.
- Bhargava stated to National Geographic in 2016 that he intended to provide 10,000 of his stationary, power-generating bikes to Indian communities and rural houses.
Manoj Bhargava’s Path to Success
Manoj Bhargava’s path to success has been marked by a combination of hard work, innovation, and a willingness to take risks. He began his career as an entrepreneur by founding a plastics company called Prime PVC, which he sold in 2006. He then started Living Essentials, which produces the popular energy drink 5-Hour Energy.
Bhargava’s inventive approach to business has contributed to his success as an entrepreneur. He has a gift for seeing new trends and marketplaces and has always been prepared to try new things and take risks. He is also renowned for his capacity for original thought and problem-solving creativity.
In addition to his entrepreneurial skills, Bhargava has also been successful as an investor. He has also acquired a number of businesses in various industries, such as construction, manufacturing, and real estate.
As of March 2023, Manoj Bhargava has an estimated net worth of $2 billion.
Interesting Facts about Manoj Bhargava
- Bhargava is also an advocate for sustainable energy. He has invested in research and development in this area and has developed several inventions, including a stationary bike that can generate electricity.
- Bhargava is a signatory to the Giving Promise, an agreement made by some of the richest people in the world to donate the majority of their money to solve some of society’s most pressing issues.
- He has been featured in several documentaries, including “Billions in Change” and “The Road to Rennselaer,” which chronicle his efforts to bring sustainable energy to rural villages in India.
- He is an avid reader and has been known to read up to eight hours a day. He has said that he believes reading is one of the most important things people can do to improve their lives.
Achievements And Awards
- In 2012, Bhargava received the Ernst & Young Entrepreneur of the Year award in recognition of his leadership in the creation and growth of Living Essentials.
- In 2017 Bhargava received South Asian Bar Association Entrepreneur of the Year award for his entrepreneurship and philanthropy.
- In 2017, Bhargava received the Horatio Alger Award in recognition of his remarkable success in business and his dedication to philanthropy.
- In 2017 Bhargava received the Global Indian Business Leader Award for his contributions to the business community and society as a whole.
- In 2018 Bhargava received the Paul Harris Fellow Award from the Rotary Foundation in recognition of his humanitarian work and support for the Rotary Foundation’s programs.
- In 2019 Bhargava received a Lifetime Achievement Award from the Indian American Chamber of Commerce in recognition of his contributions to the business community and his philanthropy.