He might be one of the richest Indians in the US today but very few people, including me, have heard about this self-made man called Manoj Bhargava. Today, we will try to know more about Manoj Bhargava, the man behind 5-Hour Energy, a heady concoction of caffeine, vitamins and nutrients. Wikipedia describes him as an entrepreneur, philanthropist, a Princeton University dropout and founder and CEO of 5-hour Energy. Born in Lucknow, India, Bhargava moved to the United States in 1967 at the age of14. He worked at a variety of jobs including construction laborer, construction cleaning contractor, accountingclerk, taxi driver, printing press operator and business manager.He started a plastics raw material company in 1990, Prime PVC Inc., now called Prime Conduit, which he grew to $20 million in sales and then sold to a private equity firm. After that he started a consumer products company, Living Essentials.
In 2004, his company developed the product “5-Hour Energy”, which ultimately became a well-known brand in the energy drink market. His stake in Living Essentials is valued at over $3 billion. According to Forbes Magazine in 2012, Bhargava may be the wealthiest Indian in America. Crain’s Detroit Business awarded him “Newsmaker of the Year 2011″ award.
His business start-ups include:
- Living Essentials (maker of 5-Hour Energy)
- Senterra Water (desalination and water purification)
- ETC Capital (an investment company)
Recently, through his charitable trusts, he has contractually pledged a billion dollar gift to the charities. The charities have funded medical research in the United Statesand over 200 charities in India. Due to his philanthropic generosity, Forbes Magazine calls him “The Mystery Monk Making Billions With 5-Hour Energy”
Bhargava says he spent his 20s traveling between monasteries owned and tended by an ashram called Hanslok. He and his fellow disciples weren’t monks, exactly. “It’s the closest Western word,” he says. “We didn’t have bowler haircuts or robes or bells.” It was more like a commune, he says, but without the drugs. He did his share of chores, helped run a printing press and worked construction for the ashram. Bhargava claims he spent those 12 years trying to master one technique: the stilling of the mind, often through meditation. He still considers himself a member of the Hanslok order and spends an hour a day in his Farmington Hills basement in contemplative silence.
Bhargava would return to the U.S. periodically during his ashram years, working odd jobs before returning to India. For a few months he drove a yellow cab in New York. When he moved back from India for good, it was to help with the family plastics business at his parents’ urging. He spent the next decade dabbling in RV armrests and beachchair parts. He had no interest in plastics whatsoever but devoted himself to buying small, struggling regional outfits and turning them around. By 2001 Bhargava had expanded his Indiana PVC manufacturer from zero sales to $25 million (he eventually sold it to a private equity firm for $20 million in 2006). He decided to retire and moved to Michigan to be near his wife’s family. “Nobody moves on purpose to Detroit,” he says. His retirement lasted two months. He knew from his plastics success that the chemicals industry was ripe for exploiting. “Chemicals are really simple,” he says. “You mix a couple things together and sell it for more than the materials cost.”
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