The net worth of Naveen Jain is estimated to be over $8 billion.
In a recent interview with Fortune, Jain said,
"An entrepreneur's life is like a heartbeat. It goes up and down, up and down, and you're dead when it's smooth. "If you ever find yourself enjoying life, it implies you're living the life of a dead person. And that's not the life you want. "
This is only one of the many life lessons taught by Naveen Jain. The controversial creator of InfoSpace, Moon Express. And, most recently, dietary testing business Viome.
Early Life
Jain was born into poverty in India. Spent much of his youth traveling from city to city, attending barren schools with no seats or tables.
A poor elementary education. Jain went on to the famous IIT and earned his MBA. And moved to the United States for job training. He had $5 in his pocket.
After arriving in the United States and working for a variety of software companies. Including Microsoft, where he worked with Bill Gates, Jain came to fame in Silicon Valley.
After becoming dissatisfied with his inability. To make a large difference as part of a large organization. He quit his job and founded InfoSpace. The search engine and database had evolved into a $31 billion enterprise by the end of the study. The Seattle Times put Jain’s net worth at $8 billion throughout the height of the company.
Employees of InfoSpace were accused of inflating revenues. And misleading investors through accounting methods. InfoSpace’s stock had dropped from $138 to $1.51 at the end of the dot-com bubble. Jain was fired from his position in 2002.
He went on to found Intelius. A company that offers background information about people. As part of a deal with InfoSpace. He paid $83 million to meet allegations. That he misappropriated trade secrets to launch his new firm.
Jain relaunched his firm Moon Express. Which became the first to receive authorization from the US government. To deploy a robotic spacecraft to the moon.
“Every entrepreneur has probably heard a hundred times that ‘this is a dumb concept or this won’t work.’ Until a breakthrough occurs, every concept is a wild thought…then it becomes an obvious idea. “
They may attack the foundation of everything that industry insiders take for granted of their inexperience. According to Jain, they are frequently the ones who disrupt sectors with their “crazy” ideas.
He explained" Think about that for a moment. Who would disrupt the space industry? Jeff Bezos and Richard Branson, for example, are internet billionaires. Who was it that shook up the car industry? It wasn't any of the GMs or Fords... Tesla was the culprit. It wasn't the taxi business that caused the disruption. "Uber came along and disrupted things,".
Jain is now taking on the health business with his wellness startup, Viome. Which is on a mission to remove chronic illnesses. And build a disease-free world as an IT expert with no training in health care.
The FDA designated Viome as a breakthrough device for detecting. Stage 1 oral and throat cancer using a person’s spit.
Jain has achieved a great deal of success. And acclaimed throughout his career, and he considers life to be his greatest teacher.