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

    India must decide on joining APEC: Chinese daily

    It is high time India took a decision on joining the Asia-Pacific Economic Cooperation (APEC) after having declined to attend the bloc's annual summit in...

    India must decide on joining APEC: Chinese daily

    US aid worker, Syrian soldiers beheaded by IS

    US aid worker, Syrian soldiers beheaded by IS
    A video has been circulating online purporting to show members of the Islamic State(IS) group beheading several Syrian soldiers and a US aid worker....

    US aid worker, Syrian soldiers beheaded by IS

    MH17 wreckage removal begins in Ukraine

    MH17 wreckage removal begins in Ukraine
    Recovery and removal of the wreckage of the Malaysia Airlines flight MH17 from its crash site in rebel-held eastern Ukraine started Sunday, the Dutch Safety Board said in a statement....

    MH17 wreckage removal begins in Ukraine

    Imran Khan turns down government's dialogue offer

    Imran Khan turns down government's dialogue offer
    Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan has turned down the government’s offer to hold talks, media reported Sunday....

    Imran Khan turns down government's dialogue offer

    G20 endorses India's concerns on black money

    G20 endorses India's concerns on black money
    Endorsing India's concerns about black money and tax avoidance, G20 leaders Sunday promised to modernise international tax rules....

    G20 endorses India's concerns on black money

    'IS seven times bigger than Western estimates'

    'IS seven times bigger than Western estimates'
    The West may have severely underestimated the strength of the Islamic State (IS) Sunni radical organisation, which may have raised an army of at least 200,000 fighters...

    'IS seven times bigger than Western estimates'