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

    Heathrow starts screening for Ebola, Sudanese patient dies

    Heathrow starts screening for Ebola, Sudanese patient dies
    London's Heathrow airport Tuesday began applying new precautionary measures to detect possible cases of Ebola virus disease in passengers arriving....

    Heathrow starts screening for Ebola, Sudanese patient dies

    Zuckerberg, Wife Donate $25 Million To CDC Foundation To Fight Ebola

    Zuckerberg, Wife Donate $25 Million To CDC Foundation To Fight Ebola
    NEW YORK - Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $25 million to the CDC Foundation to help address the Ebola epidemic.

    Zuckerberg, Wife Donate $25 Million To CDC Foundation To Fight Ebola

    Alaska joins US states permitting gay marriage

    Alaska joins US states permitting gay marriage
    Gay couples in the US state of Alaska may now request for the necessary documents to marry due to a court ruling that after 16 years revoked the constitutional....

    Alaska joins US states permitting gay marriage

    Pakistani, Indian Army officials speak over hotline

    Pakistani, Indian Army officials speak over hotline
    Senior Pakistani and Indian military officials spoke to each other over the hotline Tuesday and discussed ways to reduce tension along their border, a media report said Tuesday....

    Pakistani, Indian Army officials speak over hotline

    Indian jailed for molesting woman in Singapore

    Indian jailed for molesting woman in Singapore
    Kandasamy Krishnan, 27, who works in an electrical company, has been held guilty of molesting a 28-year-old Filipino woman in a lift at Serangoon MRT...

    Indian jailed for molesting woman in Singapore

    No Thanks, We're Full: Supreme Court Rejects Appeal Of California Foie Gras Ban

    No Thanks, We're Full: Supreme Court Rejects Appeal Of California Foie Gras Ban
    WASHINGTON - The Supreme Court is allowing California to continue enforcing a law that bans the sale of foie gras.

    No Thanks, We're Full: Supreme Court Rejects Appeal Of California Foie Gras Ban