Riaz Valani
$1.9B
Born
Sep 01, 1976
Age
49
Source of Wealth
E-cigarettes
Residence
Malibu, California
Citizenship
United States
Marital Status
Children
0
Education
- Riaz Valani was a general partner at Global Asset Capital, LLC and the first person to invest in electronic cigarette manufacturer Juul.
- Valani invested a few million dollars in Juul during its early years, giving him an estimated 20% stake in the company.
- When tobacco giant Altria bought a 35% stake in Juul in 2018, Valani reportedly got a pre-tax $2.6 billion dividend payout, according to a book about Juul.
- In November 2020, Valani spent $40 million on a Malibu estate formerly owned by Johnny Carson.
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