Farmington Hills Entrepreneur Remains on Forbes World Billionaires List

The owner of Farmington Hills-based Living Essentials, which produces 5 Hour Energy drinks, made his second appearance on on Forbes Magazine's list of the world's billionaires.

Manoj Bhargava was a newcomer to the list in 2012. His net worth of $1.5 billion is $200 million higher than last year. However, he fell from #960 to #974 on the Forbes list, which is topped by financiers Carlos Slim Helu and family of Mexico, and American Bill Gates, who made his fortune with Microsoft. 

Bhargava, 60, is also a resident of Farmington Hills. He ranked #328 among Americans on the list, and 7th in Michigan, behind Richard DeVos (Amway), Hank and Doug Meijer (Meijer grocery stores), Daniel Gilbert (Quicken Loans), Alfred Taubman (real estate), Ronda Stryker (medical technology), and the Ilitch family (Little Caesar's Pizza).