Close X
Tuesday, October 1, 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

    Washington police ask citizen journalists to not help bad guys get away from crime scenes

    Washington police ask citizen journalists to not help bad guys get away from crime scenes
    Police in Washington state are asking the public to stop tweeting during shootings and manhunts to avoid accidentally telling the bad guys what officers are doing...

    Washington police ask citizen journalists to not help bad guys get away from crime scenes

    Average US rate on 30-year mortgage slips to 4.12 per cent; rate on 15-year loan 3.24 per cent

    Average US rate on 30-year mortgage slips to 4.12 per cent; rate on 15-year loan 3.24 per cent
    Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan slipped to 4.12 per cent from 4.14 per cent last week. The average for a...

    Average US rate on 30-year mortgage slips to 4.12 per cent; rate on 15-year loan 3.24 per cent

    Antarctic ice melt may accelerate sea level rise

    Antarctic ice melt may accelerate sea level rise
    The ice discharge from Antarctica could become the largest contributor to sea level rise much sooner than previously thought, says a study....

    Antarctic ice melt may accelerate sea level rise

    Apple bans potentially hazardous benzene, n-hexane during final assembly of iPhones, iPads

    Apple bans potentially hazardous benzene, n-hexane during final assembly of iPhones, iPads
    SAN FRANCISCO - Apple is banning the use of two potentially hazardous chemicals during the final assembly of iPhones and iPads as part of the company's latest commitment to protect the factory workers who build its trendy devices.

    Apple bans potentially hazardous benzene, n-hexane during final assembly of iPhones, iPads

    Hillary Clinton and White House try to shrug off differences after foreign policy split

    Hillary Clinton and White House try to shrug off differences after foreign policy split
    Hillary Rodham Clinton and President Barack Obama did their best to shrug off their differences Wednesday as they gathered on the Massachusetts island of Martha's Vineyard following a foreign policy split, in yet another twist in their complex and heavily scrutinized relationship.

    Hillary Clinton and White House try to shrug off differences after foreign policy split

    Salt can kill cancer cells: Study

    Salt can kill cancer cells: Study
    The next weapon to effectively fight cancer could be salt as researchers have found that an influx of salt into a cell triggers its death.

    Salt can kill cancer cells: Study