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

    'Rock star' Modi makes a big splash in US media

    'Rock star' Modi makes a big splash in US media
    Prime Minister Narendra Modi's rock star like reception by a rapturous Indian-American community at Madison Square Garden made quite a splash in the...

    'Rock star' Modi makes a big splash in US media

    'MH17 probe should be completed before winter sets in'

    'MH17 probe should be completed before winter sets in'
    Malaysian Transport Minister Liow Tiong Lai Monday said the investigators of the ill-fated Malaysia Airlines flight MH17 should complete the probe before winter sets in....

    'MH17 probe should be completed before winter sets in'

    Modi overshadowed Nawaz Sharif at UN: Pakistani daily

    Modi overshadowed Nawaz Sharif at UN: Pakistani daily
    Indian Prime Minister Narendra Modi's speech at the UN was everything his Pakistani counterpart Nawaz Sharif's was not, said a Pakistani daily Monday....

    Modi overshadowed Nawaz Sharif at UN: Pakistani daily

    Pakistan welcomes Modi's call for dialogue

    Pakistan welcomes Modi's call for dialogue
    A top Pakistani official has described as "encouraging" Indian Prime Minister Narenda Modi's statement for dialogue with Islamabad....

    Pakistan welcomes Modi's call for dialogue

    Chelsea Clinton Gives Birth To Daughter; 1st Grandchild Of Bill Clinton And Hillary Clinton

    Chelsea Clinton Gives Birth To Daughter; 1st Grandchild Of Bill Clinton And Hillary Clinton
    WASHINGTON - Chelsea Clinton has given birth to a daughter named Charlotte, the first grandchild of former U.S. President Bill Clinton and former Secretary of State Hillary Rodham Clinton.

    Chelsea Clinton Gives Birth To Daughter; 1st Grandchild Of Bill Clinton And Hillary Clinton

    Prime Minister Modi chides Pakistan over Kashmir, calls for UN reforms

    Prime Minister Modi chides Pakistan over Kashmir, calls for UN reforms
    Chiding Pakistan for raking up Kashmir in the UN General Assembly, Prime Minister Narendra Modi said Saturday that the UN was not the forum for resolving bilateral issues and stressed his government's prioritising good ties with neighbours even as he pushed for reforms of the UN and touched upon issues challenging the world, including terrorism, poverty, hunger and climate change.

    Prime Minister Modi chides Pakistan over Kashmir, calls for UN reforms