What is Naveen Jain’s net worth?
Naveen Jain is an Indian American business executive and entrepreneur who has a net worth of $300 million. Naveen Jain is best known for founding a string of ambitious companies that bridge technology, health, and space exploration. Jain made his first fortune during the dot-com boom of the 1990s as the founder of InfoSpace. At the peak of the dotcom bubble, InfoSpace was worth around $31 billion. At that level, Naveen Jain’s net worth was $8 billion. In the aftermath of the bubble bursting, InfoSpace’s stock price dropped from $140 to $1.56. The drop wiped out around 98% of Naveen Jain’s paper net worth. Lawsuits would later allege that Naveen and his wife sold $200 million worth of InfoSpace during the peak. A federal court later ruled that some of these trades constituted insider trading and initially ordered Jain to repay $247 million. The SEC’s intervention on appeal cut his liability to $65 million.
The company was later accused of inflating revenues through questionable accounting practices and insider stock sales. Shareholders lost billions, and Jain was eventually ousted by the board in 2002 after facing lawsuits and regulatory scrutiny. A federal judge later ruled he had engaged in insider trading, though the SEC’s intervention reduced his liability.
Despite the controversies, Jain reinvented himself as a serial entrepreneur in new industries. In 2003, he co-founded Intelius, a people-search and background check service that became profitable but attracted criticism for privacy issues and aggressive marketing tactics. In 2010, he launched Moon Express, a private space venture with the goal of mining the moon for resources. The company became the first private firm to receive U.S. approval for a lunar landing attempt. In 2016, he founded Viome, a health-tech company focused on analyzing the human microbiome and gene expression to provide personalized health insights and disease prevention.
Early Life
Naveen Jain was born in 1959 in Uttar Pradesh, India, into a family of modest means. His father worked as a civil engineer for the Indian government, which meant the family moved frequently, often living in small villages and remote towns. Despite limited resources, Jain excelled academically. He attended the Indian Institute of Technology (IIT) Roorkee, where he earned an engineering degree, and later received an MBA from XLRI School of Business and Human Resources in Jamshedpur. Jain immigrated to the United States in 1983 to pursue a career in technology and business, arriving with little money but big ambitions.
Early Career
Jain began his career working at companies like Unisys and later Microsoft, where he was part of the team that launched several consumer-focused products, including Windows NT and Microsoft Network (MSN). His time at Microsoft gave him the foundation and confidence to start his own ventures. In 1996, he left the company to launch InfoSpace, a provider of online directory and search services.
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InfoSpace
InfoSpace became one of the hottest internet companies of the late 1990s. It offered online search, email, and phone directory services that were widely licensed to major websites and mobile providers. At its peak in 2000, InfoSpace was valued at around $31 billion, and Jain’s personal stake briefly made him a billionaire on paper. However, the company became notorious after the dot-com bubble burst, when its stock price collapsed. Jain faced intense scrutiny over InfoSpace’s management, shareholder lawsuits, and accusations of overhyping the business. He eventually stepped down in 2002. Despite the controversies, InfoSpace cemented Jain’s reputation as a visionary risk-taker.
InfoSpace Collapse and Controversies
At the peak of the dot-com bubble, InfoSpace was valued at $31 billion, and Naveen Jain briefly became one of the richest people in America on paper. Behind the scenes, however, InfoSpace’s growth was fueled by aggressive accounting maneuvers. The company engaged in so-called “lazy Susan” deals, in which money invested in partner firms was quickly recycled back to InfoSpace and booked as revenue, along with controversial barter advertising and inflated valuations of stock warrants.
Executives and insiders sold hundreds of millions in stock while continuing to publicly promote the business, and investors ranging from small-town retirees to Paul Allen lost fortunes when the stock collapsed from $140 a share to under $2. Jain himself was ousted by InfoSpace’s board in late 2002 after lawsuits, shareholder anger, and mounting questions about misleading financial statements. He was later ordered by a federal judge to pay $247 million for insider trading, but the SEC took the unusual step of siding with him on appeal, reducing his liability to $65 million. InfoSpace eventually recovered under new leadership, but Jain’s tenure remains one of the most notorious examples of the dot-com era’s excesses.
InfoSpace Stock Sales
According to SEC and various legal filings, Naveen and his wife sold $200 million worth of InfoSpace shares during the company’s boom years. For example:

April 2000: After Merrill Lynch analyst Henry Blodget boosted projections, Jain sold 220,000 shares at $68.75 each, netting about $15.1 million in a single day. The Times noted that the misleading optimism inflated his gains by at least $1.2 million.
May–July 2000: Insider sales in that window (including Jain and top executives) totaled about $158 million. The Seattle Times did not break down Jain’s exact portion, but he was one of the largest sellers.
2001–2002 (after the crash): Jain continued unloading at far lower prices. At one point he sold 81,900 shares for just $1 each, signaling little confidence in the company’s recovery.
Cumulative sales: Lawsuits alleged that Jain and his wife sold more than $200 million worth of InfoSpace stock during the peak. A federal court later ruled that some of these trades constituted insider trading and initially ordered Jain to repay $247 million. The SEC’s intervention on appeal cut his liability to $65 million.

Moon Express and Space Ventures
After InfoSpace, Jain set his sights on space exploration. In 2010, he co-founded Moon Express, a private company with the goal of mining the moon for resources and establishing commercial lunar missions. Moon Express made history in 2016 by becoming the first private company granted U.S. government approval to land on the moon. Though technical and financial hurdles delayed some of its ambitions, Jain’s foray into space established him as a leading voice in the commercial space race, often emphasizing humanity’s need to become a multi-planetary species.
Mike Coppola/Getty Images for Kairos Society
Viome and Health Innovations
Jain’s next major venture was in health and biotechnology. He founded Viome in 2016, a company that analyzes the human microbiome and gene expression to provide personalized dietary and lifestyle recommendations. Viome’s mission is to prevent and cure chronic diseases by addressing their root causes at the molecular level. The company has attracted major investment and attention for its bold claims about transforming human health and longevity. Jain has described Viome as his most important project, calling it a mission to “make illness optional.”
Other Ventures
In addition to Moon Express and Viome, Jain has launched or supported several other companies, including Bluedot, TalentWise, and Intelius. Intelius is a background check and people-search company that Naveen Jain co-founded in 2003. The service aggregates public records, including phone numbers, addresses, criminal records, property ownership, and personal history, and sells access to this information to consumers. While it quickly grew into a profitable business, Intelius has been controversial because of privacy concerns and its aggressive marketing tactics. Critics argue that the company makes it too easy for strangers to access sensitive personal details, sometimes without the subject’s knowledge or consent. Intelius has also faced lawsuits and regulatory scrutiny over misleading subscription practices, where customers were allegedly enrolled in recurring billing programs without clear disclosure. These issues made the company a frequent subject of debate in discussions about data privacy and the ethics of monetizing personal information.
Personal Life
Naveen Jain lives in Washington state with his wife, Anu Jain, who has been a major supporter of philanthropic projects in education and health. The couple has three children, each of whom has pursued entrepreneurial and academic paths of their own. His son, Ankur Jain, has earned a $3+ billion fortune by founding the company Bilt Rewards.
Real Estate
In July 1999, Naveen paid $13 million for a 12,500-square-foot lakefront mansion set on 1.3 acres in Medina, Washington, not far from Bill Gates’ expansive Xanadu 2.0 estate. Naveen dubbed his mansion “Diamanti.” The current estimated value is $30+ million. The home features an indoor pool, recording studio and garage that can display a yacht.
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