![]() ![]() He said, "What you need is common sense, a sense of urgency, and ridiculous determination."Īs for the ECP device - they are hoping to wrap up their study and go to the FDA by next year to get it approved to treat dementia.įor more information on Renew ECP, log onto: or call the center at 84. So what advice does this Ivy League drop out have for young entrepreneurs? His family immigrated from India when he was a teenager. Manoj has been living in Michigan for 19 years. "Let's do something, great things, and if it makes money, awesome. Behold, a home built in 2002 and last purchased in May 2009 for 1.1 M With a little help from our intern and this file, Curbed Detroit has. "Most of my money goes to do things which are for the welfare of humanity," he said. The 5-Hour Energy Founders Farmington Hills McMansion. Manoj doesn't believe he will make any money off of the device any time soon, but the idea to help someone's health in a non-invasive way is satisfaction enough. Bhargava is an established businessman and philanthropist, worth billions.He is the founder of the company that produces the ‘5-Hour Energy’ drinks, Innovations Ventures LLC.Sales for the company had gone up to about 1 billion since 2012, making Bhargava one of the world’s richest men. ![]() Manoj says there have already been 200 studies conducted with the ECP device.Įach machine costs $45,000 and is being tested at the Renew Research Center in Farmington Hills. Manoj Bhargava: A Billionaire Rich in Humanity. So when your blood is flowing down, it's open, and then pushes the blood back up, which means it's basically a second heart." The machine is FDA approved to help clear arteries, but Manoj and his team are studying the device to see if it can treat dementia and diabetic nerve damage. "It's in every hospital and yet it got relegated to, 'if you can't have surgery, if you are so weak, then we will give you that.'" Circulation, that's everything,'" he said. "I found this thing and I thought, 'My God. The ads were simpleeven low budget in appearance. With increased distribution, the company ran ads on TV and the internet. That success gained 5-Hour Energy entry into Walgreen’s, CVS, and various convenience store chains throughout the country. ![]() Manoj says the machine, which helps circulation, can treat other ailments. After six months, 5-Hour Energy was selling 10,000 bottles a week. It was invented 40 years ago and is approved to treat heart disease. He's invested his time, money and energy in the External Counter-Pulsation Device. The billionaire's heart is much bigger than his wallet. Manoj Bhargava said, "Once you make a certain amount of money, you're thinking, 'Okay I need to do something really useful' and there is only one thing useful and that's to do something which is good for other people.'" The founder of 5-Hour Energy drink is devoting his time and resources on a new project that's meant to improve health. ![]()
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