Raj Rajaratnam Net Worth

Net Worth: $1.3 Billion
Statistics
  • Source of Wealth:

    Hedge Funds
  • Age:

    61
  • Birth Place:

    Colombo, Sri Lanka
  • Marital Status:

    Married (Asha Pabla)
  • Full Name:

    Rajakumaran Rajaratnam
  • Nationality:

    American
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About Rajakumaran Rajaratnam

This hedge fund guru's tech focus helped shore up his returns: flagship fund down 17% in 2008. Father ran Asian operations for Singer Sewing Co. This Sri Lanka-native studied engineering at U. of Sussex in England, then M.B.A. at Wharton 1983. His early career was spent at the investment banking boutique Needham & Co. He became the president in 1991. He then founded the hedge fund Galleon Group 6 years later; making big bets on health care, technology companies. The venture's annual returns included 22% net of fees since inception.In 2009, the firm was believed to manage $6 billion across 6 funds.

In 2011, Raj Rajaratnam was found guilty on all 14 counts of securities fraud and conspiracy, according to multiple reports. The announcement was made in a lower Manhattan federal court. For now, Rajaratnam, who ran one of the world's largest hedge funds, will be free on bail, but will be fitted with an electronic monitoring device.

Earnings & Financial Data ?
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Earnings 2009 $1.3 Billion

Earnings 2008 $1.8 Billion