Rishi Shah, a 31-year-old college dropout, who is the co-founder and CEO of the Chicago-based company: Outcome Health, which delivers pharmaceutical advertising to patients on tablets and screens placed in physician’s offices, has become the richest Indian in America with a net fortune of $3.6 billion.
Rishi Shah is ranked as the 206th richest American, in the Forbes 400 list released last week.
Rishi entered the list for the first time by displacing last years’ richest NRI Romesh Wadhwani, who ranked at 264 with personal fortunes of $3 billion each.
Rishi belongs to a physician. Therefore the healthcare business was no news to him. Back in 2006, he also had co-founded ContextMedia with Shradha Agarwal, a fellow student at Northwestern University, which later morphed into Outcome Health.
After which he had dropped out of his college to focus in his newly found business venture.
Under his leadership, the company (then) raised $500 million based on a valuation of $5 billion in May from Goldman Sachs, Google’s parent Alphabet and the Pritzker Group Venture Capital.
Rishi still owns 80 percent of the company, which reported sales of $130 million in 2016.
Then Rishi headed on to find Outcome Health, which fetched him the current net worth of $3.6 billion.
The growth that Rishi has shown over the years is phenomenal and perhaps the one with most velocity in terms to graph escalation.
The list where Rishi Shah has made his mark and of our country’s is also shared by the icons like Bill Gates with a fortune of $89 billion (being again the richest man in America), followed by Jeff Bezos with $81.5 billion, Warren Buffet with $78 billion, and Mark Zuckerberg with his net worth of $71 billion.
