Close X
Saturday, September 28, 2024
ADVT 
International

Azim Premji, Shiv Nadar Among World's Tech Billionaires

IANS, 12 Aug, 2015 11:55 AM
    Two Indian tech tycoons, Wipro chairman Azim Premji and HCL co-founder Shiv Nadar are in the Forbes' first ever list of the 100 richest people in the technology field, dominated by Americans with Microsoft founder Bill Gates at the top.
     
    Two Indian-Americans tech czars, Romesh Wadhwani, CEO and chairman of Symphony Technology Group, and Bharat Desai, co-founder of IT consulting and outsourcing company Syntel also figure on the list released last week.
     
    Premji, 70, with a net worth of $17.4 billion is ranked 13th on the list followed by Shiv Nadar, 70, in the 14th spot with $14.4 billion.
     
    Wadhwani, 67, is ranked 73rd with a net worth of $2.8 billion while Desai, 62, with $2.5 billion is in the 82nd spot.
     
    Premji's Wipro, India's third-largest outsourcer, reported a 10 percent rise in revenues to $1.9 billion in the last quarter, on the back of new business from clients such as ABB and Philip Morris, the magazine noted.
     
    Nadar, Forbes noted, has diversified into healthcare with HCL Avitas, a new firm in partnership with John Hopkins Medicine International, which has opened 10 clinics in Delhi.
     
    Wadhwani has a degree in electrical engineering from the Indian Institute of Technology and a PhD from Carnegie Mellon. His Symphony Technology Group is a collection of 20 companies spanning big data, analytics and software.
     
    Syntel, co-founded by Desai and his wife Neerja Sethi, now generates over $900 million in revenue, has a market cap of over $3 billion and more than 24,500 employees across the globe.
     
     
    While 51 American billionaires are on the list, tech barons from Asia made a strong showing as well, with 33 people hailing from that region. Forty of the 100 live in California.
     
    Bill Gates, who's also the world's richest man, ranks number one among tech tycoons, with a net worth of $79.6 billion.
     
    Number two on the list is Larry Ellison, founder of database software firm Oracle, with a net worth estimated at $50 billion.
     
    The third richest on the list is Jeff Bezos with a net worth of $47.8 billion followed by Facebook founder Mark Zuckerberg in the fourth place with $41.2 billion.
     
    Google co-founders Larry Page and Sergey Brin are ranked fifth and sixth respectively.
     
    Altogether, the world's 100 richest tech billionaires are worth $842.9 billion.
     
    Just seven women made the list, the wealthiest of whom is Laurene Powell Jobs, the widow of Steve Jobs, with an estimated net worth of $21.4 billion.
     
    Nearly all of the 100 are self-made billionaires: 94 made their own luck, 3 inherited their fortunes, and 3 have inherited fortunes but have been actively expanding them.

    MORE International ARTICLES

    Sydney Siege Ends: Police Storm Cafe, Free Hostages, Two Dead

    Sydney Siege Ends: Police Storm Cafe, Free Hostages, Two Dead
    A 16-hour hostage crisis -- the first terror attack in Australia -- ended early Tuesday after police stormed a cafe in the heart of Sydney where an Iran-born cleric took some 30 people hostage and made several demands, sending shockwaves across the country.

    Sydney Siege Ends: Police Storm Cafe, Free Hostages, Two Dead

    Sydney Siege: Islamic Flag Displayed As Hostages Held In Sydney's Lindt Cafe

    Sydney Siege: Islamic Flag Displayed As Hostages Held In Sydney's Lindt Cafe
    An armed man Monday took several people hostage inside a shop in Sydney's central business district, forcing the government to call an emergency security meeting here.

    Sydney Siege: Islamic Flag Displayed As Hostages Held In Sydney's Lindt Cafe

    Miss South Africa Rolene Strauss Crowned Miss World 2014

    Miss South Africa Rolene Strauss Crowned Miss World 2014
    South Africa's Rolene Strauss bagged the Miss World 2014 title here Sunday. The 22-year-old was crowned by Miss World 2013 Megan Young, who also co-hosted the pageant with Tim Vincent.

    Miss South Africa Rolene Strauss Crowned Miss World 2014

    Man in Scotland charged with Sikh waiter's murder

    Man in Scotland charged with Sikh waiter's murder
     A man has been charged with murdering Indian waiter Surjit Singh Chhokar in Overtown, in Scotland's North Lanarkshire council area, 16 years back, media reported Friday....

    Man in Scotland charged with Sikh waiter's murder

    Psychoactive magic mushroom found in Buckingham Palace

    Psychoactive magic mushroom found in Buckingham Palace
    A hallucinogenic toadstool mushroom has been found growing in the gardens of Britain's Buckingham Palace, a media report said Friday....

    Psychoactive magic mushroom found in Buckingham Palace

    German court foils bid to make Snowden testify in Berlin

    German court foils bid to make Snowden testify in Berlin
    Germany's top court Friday threw out an opposition bid to get whistle-blower Edward Snowden invited to testify in Berlin before a parliamentary committee...

    German court foils bid to make Snowden testify in Berlin