- Source of Wealth: Hedge Funds
- Age: 62
- Birth Place: Colombo, Sri Lanka
- Marital Status: Married (Asha Pabla)
- Full Name: Rajakumaran Rajaratnam
- Nationality: American
- Date of Birth: June 15, 1957
- Ethnicity: Sri Lankan
- Occupation: Hedge Fund Manager
- Education: Dulwich College, University of Sussex, Wharton School of the University of Pennsylvania
- Children: 3
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.