Rank #1727
Riaz Valani
Net worth $2.4B
E-cigarettes · United States
- Born
- Sep 01, 1976
- Age
- 49
- Source
- E-cigarettes
- Residence
- Malibu, California
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- 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.