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

    Leader killed in US drone attack, confirms Al Qaeda

    Leader killed in US drone attack, confirms Al Qaeda
    Global terrorist organisation Al Qaeda's branch in the Indian sub-continent Thursday confirmed the death of one of its leaders, Adil Qudoos in a US drone attack....

    Leader killed in US drone attack, confirms Al Qaeda

    Norway to launch designer passports

    Norway to launch designer passports
    Norwegian passports will soon go stylish as the country's National Police Directorate has announced the winner of a competition to redesign the document....

    Norway to launch designer passports

    Obama shows benevolence to illegal immigrants

    Obama shows benevolence to illegal immigrants
    Asserting his authority, a defiant President Barack Obama resorted to unilateral executive action to fix America's broken immigration system and protect...

    Obama shows benevolence to illegal immigrants

    Obama to millions of undocumented immigrants: 'You can come out of the shadows'

    Obama to millions of undocumented immigrants: 'You can come out of the shadows'
    WASHINGTON — If you took the millions of people touched by U.S. President Barack Obama's immigration announcement Thursday and gathered them together, their ranks would rival the population of Canada.

    Obama to millions of undocumented immigrants: 'You can come out of the shadows'

    Lone Indian American Lawmaker Ami Bera Stages Comeback Win

    Lone Indian American Lawmaker Ami Bera Stages Comeback Win
    Amerish 'Ami' Bera, the lone Indian American lawmaker in the US House of Representatives, repeated history as he edged out his Republican opponent in a California race two weeks after the elections.

    Lone Indian American Lawmaker Ami Bera Stages Comeback Win

    Obama looks to introduce immigration reforms

    Obama looks to introduce immigration reforms
     US president Barack Obama is expected to unveil his plans for immigration reform in an address to the nation Thursday.....

    Obama looks to introduce immigration reforms