Close X
Monday, September 30, 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

    36 MH17 victims still unidentified

    36 MH17 victims still unidentified
    The Dutch security ministry said that 36 victims of the total of 298 passengers and crew members onboard the ill-fated Malaysia Airlines flight MH17 in eastern...

    36 MH17 victims still unidentified

    Modi's US visit extremely successful, energised ties: White House

    Modi's US visit extremely successful, energised ties: White House

    The US visit of Indian Prime Minister Narendra Modi was "extremely successful" and his ...

    Modi's US visit extremely successful, energised ties: White House

    US, India in for intensive engagement with 'reenergized strategic partnership'

    US, India in for intensive engagement with 'reenergized strategic partnership'
    US and India are lining up a "pretty ambitious agenda of engagement" to quickly move forward on things discussed during Prime Minister Narendra Modi’s US....

    US, India in for intensive engagement with 'reenergized strategic partnership'

    76 mn accounts hacked in August: JP Morgan Chase

    76 mn accounts hacked in August: JP Morgan Chase
    US banking giant JP Morgan Chase has issued updated information about a cyber attack which it suffered in August and that approximately 76 million current....

    76 mn accounts hacked in August: JP Morgan Chase

    5.5 magnitude quake hits Japan

    5.5 magnitude quake hits Japan
    The quake hit off Iwate Prefecture in northeast Japan, but no tsunami alerts along the coast have been issued, Xinhua quoted the the Japan Meteorological....

    5.5 magnitude quake hits Japan

    15 militants killed in Pakistan airstrikes

    15 militants killed in Pakistan airstrikes
    The suspected militants were killed in Jamrud and Bara areas of northwestern Pakistan's Khyber tribal region, Dawn online reported citing the....

    15 militants killed in Pakistan airstrikes