Close X
Sunday, September 29, 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

    Iraqi Kurds on their way to Syria to fight IS

    Iraqi Kurds on their way to Syria to fight IS
    A group of Iraqi Kurdish fighters arrived in Turkey early Wednesday to fight the Islamic State (IS) militants in Syria, a media report said....

    Iraqi Kurds on their way to Syria to fight IS

    A month in the 'village', the heart of protests in Hong Kong

    A month in the 'village', the heart of protests in Hong Kong
    A month after the pro-democracy movement of Hong Kong began with the peaceful occupation of city streets, the daily life of one of the areas has...

    A month in the 'village', the heart of protests in Hong Kong

    Indian-origin murder accused met gay escort three times

    Indian-origin murder accused met gay escort three times
    An Indian-origin businessman from Britain accused of arranging the murder of his wife in South Africa, met a gay escort three times....

    Indian-origin murder accused met gay escort three times

    Pistorius prosecutors to appeal verdict, sentence

    Pistorius prosecutors to appeal verdict, sentence
    South African prosecutors involved in the Oscar Pistorius case will appeal the verdict and sentence on the double-amputee Olympic athlete's...

    Pistorius prosecutors to appeal verdict, sentence

    Pakistanis protest India's 'occupation' in Kashmir

    Pakistanis protest India's 'occupation' in Kashmir
    Pakistanis held demonstrations to mark the anniversary of what they termed as India's invasion and occupation of Kashmir Oct 27, 1947, media reported Tuesday....

    Pakistanis protest India's 'occupation' in Kashmir

    US announces new guidelines for returning Ebola workers

    US announces new guidelines for returning Ebola workers
    The US government has announced new monitoring guidelines for people who have been exposed to the Ebola virus disease in an attempt...

    US announces new guidelines for returning Ebola workers