Sanjit Biswas
Source of wealth: Sensor systems
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Modules
Biography
In 2015, Sanjit Biswas and John Bicket cofounded Samsara, a platform that uses AI-powered tools to help companies, such as transportation and construction businesses, increase efficiency and improve safety.
Biswas serves as CEO of Samsara, which is based in San Francisco; the company listed its shares on the New York Stock Exchange in 2021.
Samsara operates in North America, Europe and the Asia-Pacific region; it has more than 20,000 customers.
Biswas and Bicket met at MIT as graduate students.
Before Samsara, the pair cofounded the cloud networking company Meraki, which they sold to Cisco in 2012 for $1.2 billion.
Financial Assets
The Great Lie of Mega-Fortunes: The Case of Sanjit Biswas
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 Sanjit Biswas, linked to Technology and 'Sensor systems', 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 32 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 2.0 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.