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

    Woman gets jail term for threatening to kill Obama

    Woman gets jail term for threatening to kill Obama
    Federal authorities in US have sentenced a 56-year-old woman to nearly two years in jail for threatening to kill President Barack Obama, media reported.

    Woman gets jail term for threatening to kill Obama

    Fashion-forward Adrien Brody Sports Dolce&Gabbana And Period Beard

    Fashion-forward Adrien Brody Sports Dolce&Gabbana And Period Beard
    MILAN — Adrien Brody has long had a flair for fashion, but don't mistake the beard the actor is currently sporting as a bow to trend. It's for his latest movie role as Holy Roman Emperor Charles V in "Emperor."

    Fashion-forward Adrien Brody Sports Dolce&Gabbana And Period Beard

    Modi tops 10 Indians in Foreign Policy's '100 Leading Global Thinkers'

    Modi tops 10 Indians in Foreign Policy's '100 Leading Global Thinkers'
    Prime Minister Narendra Modi, BJP president Amit Shah and five other Indians figure among Foreign Policy magazine's sixth annual list of "100 Leading Global Thinkers"....

    Modi tops 10 Indians in Foreign Policy's '100 Leading Global Thinkers'

    Obama condemns attack on Jerusalem synagogue

    Obama condemns attack on Jerusalem synagogue
    US President Barack Obama Tuesday condemned the attack on a synagogue in Jerusalem that left four people dead, calling for joint efforts to ease tensions....

    Obama condemns attack on Jerusalem synagogue

    Indian woman gets life term for killing minor in Dubai

    Indian woman gets life term for killing minor in Dubai
    A 30-year old Indian nanny was sentenced to life by the Dubai Court of First Instance for killing an 11-month old British baby girl in January....

    Indian woman gets life term for killing minor in Dubai

    IS executed 1,434 people in Syria since 'Caliphate' proclaimed

    IS executed 1,434 people in Syria since 'Caliphate' proclaimed
    The Islamic State (IS) Sunni radical group has executed at least 1,434 people in Syria since it proclaimed an Islamic Caliphate over the territory it controls...

    IS executed 1,434 people in Syria since 'Caliphate' proclaimed