Bhargava has pledged to give away his fortune to charity.
By Raif Karerat
Indian American billionaire Manoj Bhargava, who amassed his fortune by founding the 5-Hour Energy company, has already pledged to give away most of his colossal fortune.
Now Bhargava is going public for the first time with work he’s been funding on inventions to alleviate global suffering by attacking problems in the areas of water purity, energy availability and health.
Several practical inventions created by 100-or-so engineers at Bhargava’s Stage 2 Innovations laboratory in Farmington Hills, Michigan, are based on relatively simple technologies that have been around for decades, but adapted to be more compact, mobile or efficient, reported USA Today.
He also has scientists in Michigan and Singapore delving into the graphene, which is 100 times more conductive than copper and 207 times stronger than steel by weight, according to Laptop Magazine.
Scoop Whoop detailed another innovation spurred on by Bhargava:
In the documentary “Billion in Change,” Bhargava talks about how almost half the world’s population lives with inadequate electricity (or no electricity at all in some cases). That is one of the major reasons why the poor aren’t able to harness the fruits of modern technology like the Internet. So, he got some engineers together to come up with “Free Electric – Pollution free limitless energy”, a stationary bike that generates 24-hours worth of electricity through one hour of pedaling. No pollution at all, and the side-effect? A strong and healthy body.
Bhargava, 62, is the narrator and central figure in the film, which pegs his net worth at $4 billion and says he plans to give 99 percent of it to charity.
“Awareness doesn’t reduce pollution or grow food. That takes doing,” he states at the start of the film. “If you have wealth, it’s a duty to help those who don’t.”
Bhargava’s promise to donate the majority of his estate to charitable causes is a result of his affiliation with the Giving Pledge, an organization that asks the mega-rich to wield their wealth for positive change.
Both Warren Buffet and Bill Gates are both members and have also made the pledge, so Bhargava can count himself among good company.
“Service to others seems the only intelligent choice for the use of wealth. The other choices especially personal consumption, seem either useless or harmful,” he remarked to the U.K.’s Metro News.