Manoj Bhargava says he has too much money. So now he's going to do something with it.
Bhargava, who grew up in India but attended Princeton University before dropping out because he was "bored," is the creator of 5-hour Energy, the drink meant to replace your coffee. Now, Bhargava is saying he has about $4 billion dollars and he's planning on putting giving it away for the good of the people.
So, living up to his word, Bhargava created a stationary bike through his charity Billions in Change that — with one hour of pedaling — could power an entire house for a whole day. Bhargava created the bike in metro Detroit, where he's lived since 1997, but now he's ready to send the bike, and a few other inventions, out of Michigan and to the homes that need them most.
Via USA Today:
— The Rain Maker, able to convert 1,000 gallons an hour of any existing water — including sea water or polluted water — into water suitable for drinking and agriculture;
— Free Electric, a bicycle-based system to provide electricity, free of cost and without pollution, for billions of people around the world;
— And a medical device called Renew ECP (for external counter pulsation) that promotes good blood flow, one of the basic foundations of wellness."
When it's all said and done, Bhargava will be giving away about 99 percent of his wealth. That will leave him with a not-too-shabby $45.9 million.
Through another organization called The Giving Pledge, he is actively recruiting other wealthy men to do the same. Bill Gates and Warren Buffet are already on board.
"This is going to effect a few billion people," he said in a National Geographic article. "It's not giving back. It's what else am I going to do?"