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

    Modi Meets Obama: New confidence, new excitement in India-US ties

    Modi Meets Obama: New confidence, new excitement in India-US ties
    Prime Minister Narendra Modi Tuesday said there is “new confidence and new excitement” in the India-US relationship and said that both sides need to work to bring down the difference in their energy systems -- “120 volts (US) and 220 volts (India)” -- to bring them together.

    Modi Meets Obama: New confidence, new excitement in India-US ties

    'Chalein saath saath', US tells India

    'Chalein saath saath', US tells India
    Once shunned by America, Indian Prime Minister Narendra Modi was the guest of honour at a private dinner hosted by US President Barack Obama ahead...

    'Chalein saath saath', US tells India

    Hamas wants Islamic state on all Palestinian lands

    Hamas wants Islamic state on all Palestinian lands
    A senior Hamas official announced Tuesday that his movement still believes in establishing an Islamic state on all the lands of Palestine.

    Hamas wants Islamic state on all Palestinian lands

    Modi pays homage to symbols of peace, equality, unity

    Modi pays homage to symbols of peace, equality, unity
    Indian Prime Minister Narendra Modi Tuesday paid homage to three memorials symbolising peace, equality and unity dedicated to Mahatma Gandhi, Martin Luther King Jr. and Abraham Lincoln.,,,

    Modi pays homage to symbols of peace, equality, unity

    US slaps sanctions on Pakistan-based terror groups

    US slaps sanctions on Pakistan-based terror groups
    The US Tuesday targeted two terrorist groups based in Pakistan by slapping sanctions on their leader and financial supporters....

    US slaps sanctions on Pakistan-based terror groups

    World must come together to challenge terrorism, says Modi

    World must come together to challenge terrorism, says Modi
    Prime Minister Narendra Modi Monday described terrorism as the greatest danger, as he called for the world to come together to challenge its menace....

    World must come together to challenge terrorism, says Modi