Raj Rajaratnam Net Worth
Raj Rajaratnam Net Worth: Raj Rajaratnam is a Sri Lankan-American former hedge fund manager with a net worth of $1.3 billion. Raj Rajaratnam built his fortune as the founder of the Galleon Group, a New York-based hedge fund manager. His father was the head of the Singer Sewing Machine Company.
In South Asia, he had the opportunity to study at Dulwich College London and the Wharton School of the University of Pennsylvania. Rajaratnam started his career as a loan officer at Chase Manhattan Bank before becoming an analyst at the investment banking boutique Needham & Co. Positions rose rapidly, and he became director of research in 1987 and president in 1991. About six years later, he founded the Galleon Group, initially making big bets on healthcare and tech companies. In 2009, the group was said to manage six funds of about $7.5 billion. But in 2001, Raj Rajaratnam was convicted of all 14 counts of securities fraud and conspiracy, according to multiple reports. Rajaratnam, who has been wearing an electronic monitoring device since the announcement in federal court in lower Manhattan, remains on bail.
