Raj Rajaratnam, a Sri Lankan American former hedge fund manager, has made a name for himself in the financial world. With a net worth of millions, he has become one of the wealthiest individuals in the industry.
In this article, we will delve into Raj Rajaratnam net worth, career achievements, and personal life to gain a comprehensive understanding of this influential figure.
Quick Facts
| Biography | Details |
| Full Name | Raj Rajaratnam |
| Popular Name | Raj Rajaratnam |
| Gender | Male |
| Birth Date | June 15, 1957 |
| Age | 66 |
| Parents | Father: J. M. Rajaratnam, Mother: Not mentioned |
| Siblings | Not mentioned |
| Birth Place | Colombo, Ceylon (now Sri Lanka) |
| Nationality | Sri Lankan American |
| Ethnicity | Tamil |
| Education | S. Thomas’ Preparatory School |
| Dulwich College | |
| University of Sussex | |
| Wharton School of the University of Pennsylvania | |
| Marital Status | Not mentioned |
| Sexual Orientation | Not mentioned |
| Wife/Spouse | Not mentioned |
| Children | Not mentioned |
| Dating | Not mentioned |
| Net Worth | $1.3 billion (2023) |
| Source of Wealth | Hedge fund management |
| Height | Not mentioned |
| Weight | Not mentioned |
What is Raj Rajaratnam Net Worth and Salary in 2023?
As of 2023, Raj Rajaratnam’s net worth stands at an impressive $1.3 billion. This substantial fortune can be attributed to his role as the founder of the Galleon Group, a renowned hedge fund management firm based in New York. Despite facing legal troubles and being convicted of securities fraud and conspiracy in 2011, Rajaratnam has managed to maintain his wealth.
Why is Raj Rajaratnam Famous?
Raj Rajaratnam gained prominence in the financial world due to his exceptional net worth and his involvement in the hedge fund management industry.
Rajaratnam’s success and ability to make lucrative deals attracted attention from both the media and his peers. However, he also faced controversy and legal issues related to insider trading, which impacted his reputation and led to legal consequences.
Raj Rajaratnam Overview
Early Life
Raj Rajaratnam was born on June 15, 1957, in Colombo, Ceylon (now Sri Lanka). His father, J. M. Rajaratnam, held a prominent position as the head of the Singer Sewing Machine Co. in South Asia.
Growing up, Rajaratnam attended S. Thomas’ Preparatory School in Kollupitiya before his family migrated to England due to concerns about ethnic violence against Tamils in Sri Lanka.
He continued his education at Dulwich College in London and later pursued engineering at the University of Sussex. In 1983, he earned an M.B.A. from the prestigious Wharton School of the University of Pennsylvania.
Career and Awards
Raj Rajaratnam, a Sri Lankan-American, is a former hedge fund manager and the founder of the Galleon Group, a New York-based hedge fund management firm.
Rajaratnam began his career as a lending officer at Chase Manhattan Bank, specializing in business loans to technology companies.
In 1985, he joined Needham & Co., an investment banking boutique, as an analyst focusing on the consumer electronics industry. His career trajectory was steep; by 1987, he had become the head of research and by 1991, he was the President of the company.
At the behest of the company, he started a hedge fund, the Needham Emerging Growth Partnership, in March 1992, which he later bought and renamed Galleon Group.
The Galleon Group initially made significant bets on healthcare and technology companies. By 2009, the group was managing approximately $7.5 billion across six funds. However, in October 2009, Rajaratnam was arrested by the FBI for insider trading, leading to the dissolution of the Galleon Group.
He was found guilty on all 14 counts of securities fraud and conspiracy in May 2011 and was sentenced to 11 years in prison in October 2011. This was the longest prison sentence ever handed out for insider trading at the time.
Despite his conviction, Rajaratnam has maintained his innocence and published a memoir in 2021 titled Uneven Justice: The Plot to Sink Galleon, detailing his perspective on the events surrounding his conviction.
Personal Life
Raj Rajaratnam is a private individual, and not much is known about his personal life. He is married to Sunitha and has three children. Rajaratnam’s family has largely stayed out of the public eye, preferring to maintain their privacy.
Social Media Accounts
Unfortunately, there is no information available regarding Raj Rajaratnam’s social media presence. It appears that he prefers to keep a low profile and does not actively engage on platforms such as Instagram, Twitter, YouTube, LinkedIn, or Pinterest.
FAQs about Raj Rajaratnam
What were Raj Rajaratnam’s legal troubles?
Rajaratnam was arrested by the FBI in 2009 for insider trading. In 2011, he was convicted on all 14 counts of conspiracy and securities fraud, resulting in an 11-year prison sentence and fines totaling over $150 million.
What is Raj Rajaratnam’s current status?
After serving 7 and a half years of his prison sentence, Rajaratnam was released in the summer of 2019. He has since published a memoir titled Uneven Justice: The Plot to Sink Galleon, detailing his insider trading conviction and the alleged prosecutorial overreach.
Conclusion
Raj Rajaratnam’s net worth and career achievements have solidified his position as one of the most successful investors in the financial industry. Despite facing legal challenges, his contributions to the hedge fund management sector and ability to generate substantial profits remain noteworthy. While he may not be active on social media or in the public eye, Raj Rajaratnam’s impact on the business world is undeniable. Thank you for reading.
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