Close X
Saturday, November 16, 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

    India visit productive and positive: Putin

    In a meeting here with the permanent members of the Russian Security Council, Putin described his India visit Dec 10-11 as "productive and...

    India visit productive and positive: Putin

    Indian charged with rape, sodomy of Indonesian woman

    Indian charged with rape, sodomy of Indonesian woman
    An Indian national was charged in a sessions court here with three counts of raping and sodomising an Indonesian woman...

    Indian charged with rape, sodomy of Indonesian woman

    CIA chief admits use of brutal interrogation techniques

    CIA chief admits use of brutal interrogation techniques
    Some officers of the Central Intelligence Agency (CIA) used brutal techniques on terrorist suspects and there was no proof of useful information yielded...

    CIA chief admits use of brutal interrogation techniques

    IS militants bomb homes of military and police in Iraq

    IS militants bomb homes of military and police in Iraq
    Islamic State (IS) militants blew up the homes of Iraqi military and police personnel as well as members of the Shabak religious minority Thursday in the northern Iraqi city of Mosul....

    IS militants bomb homes of military and police in Iraq

    UN Adopts Modi's Yoga Day Proposal, Backed By 175 Countries

    UN Adopts Modi's Yoga Day Proposal, Backed By 175 Countries
    In a huge global endorsement for yoga, 175 out of 193 members of the UN, countries as diverse as the US and Syria, Russia and Britain, and China and the Philippines, agreed by acclamation Wednesday to declare June 21 the International Yoga Day, recognizing the ancient Indian science's "holistic approach to health and well-being".

    UN Adopts Modi's Yoga Day Proposal, Backed By 175 Countries

    Five Al Qaeda India militants held in Pakistan

    Five Al Qaeda India militants held in Pakistan
    Pakistan police claimed to have arrested five militants belonging to the newly formed Al Qaeda India (AQI) group for their alleged involvement...

    Five Al Qaeda India militants held in Pakistan