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

    Luxottica Founder Takes Over Ceo Role As Stock Tanks Amid Turmoil

    Luxottica Founder Takes Over Ceo Role As Stock Tanks Amid Turmoil
    MILAN - The founder of the Luxottica luxury eyewear maker has taken over temporarily as CEO amid management turmoil that has tanked the company's stock.

    Luxottica Founder Takes Over Ceo Role As Stock Tanks Amid Turmoil

    Campaign for making marijuana legal in US

    Campaign for making marijuana legal in US
    US groups in favour of the legal use of marijuana have intensified their campaign to have Alaska, Oregon and the District of Columbia approve the recreational...

    Campaign for making marijuana legal in US

    Bilawal Bhutto Zardari faces threats to his life

    Pakistan Peoples Party (PPP) Chairperson Bilawal Bhutto Zardari faces threats to his life from the Jundallah militant organisation, media reported Tuesday....

    Bilawal Bhutto Zardari faces threats to his life

    U.S. Midterms: Stage may be set for a big vote on Keystone XL pipeline

    U.S. Midterms: Stage may be set for a big vote on Keystone XL pipeline
    WASHINGTON - A certain Canadian pipeline appears poised to spring back to the top of the American political agenda, with the upcoming congressional elections setting the stage for a vote on the long-delayed Keystone XL project.

    U.S. Midterms: Stage may be set for a big vote on Keystone XL pipeline

    School opens in Haiti in honour of Canadian Mountie killed in earthquake

    A vocational school is set to open Monday in Haiti in honour of a respected Mountie from New Brunswick killed almost five years ago in a devastating earthquake while he was on an educational mission in the Caribbean country.

    School opens in Haiti in honour of Canadian Mountie killed in earthquake

    Key question: How did Dallas health worker caring for Ebola patient catch the disease herself?

    Key question: How did Dallas health worker caring for Ebola patient catch the disease herself?
    How did it happen? That's the big question as federal health officials investigate the case of a Dallas health worker who treated an Ebola patient and ended up with the disease herself.

    Key question: How did Dallas health worker caring for Ebola patient catch the disease herself?