Jitendra Mohan
Source of wealth: Semiconductors
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Modules
Biography
Jitendra Mohan is cofounder and CEO of Astera Labs, an artificial intelligence-focused semiconductor networking firm.
He launched the company in 2017 with fellow billionaire Sanjay Gajendra and a third cofounder, Casey Morrison.
The trio decided to start their own company while working together at semiconductor firm Texas Instruments.
They took Astera Labs public on the Nasdaq in 2024.
Mohan and Gajendra, who serves as chief operating officer, each own an estimated 4% of Astera Labs. Morrison, who serves as chief product officer, has never had his stake disclosed.
Financial Assets
The Great Lie of Mega-Fortunes: The Case of Jitendra Mohan
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Jitendra Mohan, linked to Technology and 'Semiconductors', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 21 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 1.3 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.