Raj Rajaratnam | $ 1.3 Billion
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Raj Rajaratnam Net Worth

United States
Net Worth $ 1.3 Billion
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Born on: 15th Jun 57 Born in: United States Marital status: Married Occupation: Hedge fund manager
Born as Raj Rajaratnam has an estimated net worth of $1.3 billion. This gentleman is a Sri Lankan-American former hedge fund manager and billionaire who founded the Galleon Group, a New York-based hedge fund management firm. Back in October 16, 2014, he was arrested by the FBI with allegations of inside trading that led to the closing of the Galleon Group. He stood trial in the United States District Court for the Southern District of New York. In May 11, 2011, he was found guilty on all 14 counts of conspiracy and securities fraud. On that same year, Rajaratnam was sentenced to 11 years in prison and was fined a criminal and civil penalty of over $150 million combined. He has likewise been wearing an electronic monitoring device and still remains free on bail. Rajaratnam is incarcerated at the Federal Medical Center, Devens in Ayer, Massachusetts as of January 14, 2014. This center is an administrative facility housing male offenders that requires specialized or even long-term medical or mental health care. His release date is said to be July 4, 2021. His career began as a lending officer at the Chase Manhattan Bank and eventually found his way in becoming an analyst at the investment banking boutique Needham & Co. In 1987, he became the head of research and became its president in 1991. After six years, the Galleon Group was born. It started out making big bets on health care and technology companies. In 2009, this group is said to manage about $7.5 billion across six funds.
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