Indian-American businessman and philanthropist
Manoj Bhargava |
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| Born | 1953 (age 70–71)[1]
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| Citizenship | United States |
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| Education | Princeton University (dropped out) |
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| Occupation(s) | Entrepreneur, philanthropist |
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| Known for | 5-hour Energy brand |
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| Spouse | Sadhna Bhargav |
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| Children | 1 |
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Manoj Bhargava (born 1953) is an Indian American businessman and philanthropist. He is the founder and CEO of Innovations Ventures LLC (dba Living Essentials LLC), the company known for producing the 5-hour Energy drink.[2][3] By 2012, the brand had grown to do an estimated $1 billion in sales.[4] In 2015, Bhargava pledged 99% of his net worth to improve the well-being of the world's less fortunate.[5] In 2023, Bhargava was named interim chief executive of Sports Illustrated magazine after the removal of Ross Levinsohn.[6] He has been the subject of a United States Senate Committee on Finance investigation into undeclared Swiss bank accounts and is under a criminal tax evasion probe by the United States Department of Justice and the Internal Revenue Service as of 2024, according to The Wall Street Journal.[7][8][9]
- ^ Cite error: The named reference
EconomicTimes1 was invoked but never defined (see the help page).
- ^ "Manoj Bhargava, Founder and CEO, Innovation Ventures LLC and Living Essentials LLC". Smart Business. 1 July 2012. Retrieved 24 January 2016.
- ^ Duggan, Daniel; Walsh, Dustin (29 May 2011). "Energy Drink King Behind $100m Fund: Bhargava Sets Up Tech Park For New Firms". Crain's Detroit Business. Retrieved 24 January 2016.
- ^ O'Connor, Clare (8 February 2012). "The Mystery Monk Making Billions With 5-Hour Energy". Forbes.
- ^ Ilan Mochari (15 October 2015). "Inside the Mind of the Billionaire Who Built the 5-Hour Energy Empire". Inc. Retrieved 24 January 2016.
- ^ Josh, Taylor (12 December 2023). "Arena Group fires CEO in wake of Sports Illustrated AI articles scandal". The Guardian.
- ^ Javers, Eamon (21 March 2024). "5-hour Energy billionaire named in Senate Swiss bank tax probe". CNBC. Retrieved 15 October 2024.
- ^ Cioffi, Chris; Voreacos, David (21 March 2024). "5-Hour Energy Founder, Swiss Bank Focus of Senate Tax Probe". Bloomberg News. Retrieved 15 October 2024.
- ^ Patrick, Margot (14 October 2024). "He Was a Monk, Then a Billionaire and Now an Alleged Tax Cheat". The Wall Street Journal. Retrieved 15 October 2024.