Bangalore: Romesh Wadhwani and Manoj Bhargava, two Indian Americans have signed on to the ‘Giving Pledge’, a campaign which intends to encourage the wealthiest people in America to make a commitment to give most of their wealth to charity. The campaign is an initiative by Bill Gates and Warren Buffett.
Manoj Bhargava is the founder and CEO of 5-hour Energy, a 2-ounce energy shot. According to Bhargava "My choice was to ruin my son's life by giving him money or giving 90+percent to charity. Not much of a choice," Bhargava wrote in a letter, reports Steve Spalding of Detroit Free Press. "Service to others seems the only intelligent choice for the use of wealth."
Beginning of his career, Bhargava worked as a construction laborer, construction cleaning contractor, accounting clerk, taxi driver and tried his luck in many more sectors. In the 90’s he started a consumer products company, ‘Living Essentials’, which later on came up with the well-known product "5-Hour Energy". He was honoured with the "Newsmaker of the Year” award in 2011, by the Crain's Detroit Business.
Romesh Wadwani is the chairman and CEO of Symphony Technology Group, a Silicon Valley-based private equity firm.
"I have made a lot of money in the West and I do not believe in much of personal consumption," says Bhargava, reports Economic Times. Moreover, he has established Hans Foundation, an Indian based non-profit organization which mainly focuses on charity work. The foundation has provided financial support to more than 400 charity projects among which cancer treatment to the poor patients of Kamala Nehru Memorial Hospital is something worth mentioning.
To this Indian American Billionaire, his organization on charity is as important as his companies, reports Ishani Duttagupta of Economic Times.
"I'm from an Indian family of professionals and my parents had to go through hardships themselves to send me to IIT-Mumbai. And having got the best of education myself, I firmly believe it is my personal obligation to give back to the community," he says. He also believes that "Leaving too much for one's children will take away their own entrepreneurial skills.’’
Manoj Bhargava is the founder and CEO of 5-hour Energy, a 2-ounce energy shot. According to Bhargava "My choice was to ruin my son's life by giving him money or giving 90+percent to charity. Not much of a choice," Bhargava wrote in a letter, reports Steve Spalding of Detroit Free Press. "Service to others seems the only intelligent choice for the use of wealth."
Beginning of his career, Bhargava worked as a construction laborer, construction cleaning contractor, accounting clerk, taxi driver and tried his luck in many more sectors. In the 90’s he started a consumer products company, ‘Living Essentials’, which later on came up with the well-known product "5-Hour Energy". He was honoured with the "Newsmaker of the Year” award in 2011, by the Crain's Detroit Business.
Romesh Wadwani is the chairman and CEO of Symphony Technology Group, a Silicon Valley-based private equity firm.
"I have made a lot of money in the West and I do not believe in much of personal consumption," says Bhargava, reports Economic Times. Moreover, he has established Hans Foundation, an Indian based non-profit organization which mainly focuses on charity work. The foundation has provided financial support to more than 400 charity projects among which cancer treatment to the poor patients of Kamala Nehru Memorial Hospital is something worth mentioning.
To this Indian American Billionaire, his organization on charity is as important as his companies, reports Ishani Duttagupta of Economic Times.
"I'm from an Indian family of professionals and my parents had to go through hardships themselves to send me to IIT-Mumbai. And having got the best of education myself, I firmly believe it is my personal obligation to give back to the community," he says. He also believes that "Leaving too much for one's children will take away their own entrepreneurial skills.’’
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