The most interesting billionaire in metro Detroit you’ve probably never heard of
The Wall Street Journal recently profiled Manoj Bhargava, the billionaire behind 5-Hour Energy drinks who plans to give away 90 percent of his wealth and invest in new water and energy technologies.
Manoj Bhargava is the 62-year-old, ex-ashram monk creator and founder of 5-Hour Energy, a company headquartered in Farmington Hills. 5-Hour Energy’s 2-oz. bottles, now ubiquitous at party stores and gas stations around the country, revolutionized the energy drink market and made Bhargava a very rich man (he estimates his fortune at $4 billion).
But what’s most interesting about Bhargava, however, is what he plans to do with his wealth. In addition to pledging to give 90 percent of it away to charity, he also runs a $100-million private equity fund called Stage 2 Innovations, which, according to the Wall Street Journal, is “dedicated to advances in water and energy technology.”
Read about Bhargava’s investments, as well as his daily routine, in this recent profile in the Wall Street Journal.
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