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

    Authorities: Woman, 78, caught with $41,000 in cash in Girdle, Bra, Bag at Detroit Airport

    Authorities: Woman, 78, caught with $41,000 in cash in Girdle, Bra, Bag at Detroit Airport
    ROMULUS, Mich. - A 78-year-old Florida woman tried to fly on an international trip to the Philippines from Detroit Metropolitan Airport with almost $41,000 in cash hidden inside her girdle, bra and carry-on bag, federal authorities said.

    Authorities: Woman, 78, caught with $41,000 in cash in Girdle, Bra, Bag at Detroit Airport

    Tropical storm spares popular Hawaii areas, but rural Big Island struggles with Power Outages

    Tropical storm spares popular Hawaii areas, but rural Big Island struggles with Power Outages
    Tourists in Oahu and other popular parts of Hawaii got back to their beach vacations and residents lined up to vote in primary elections Saturday, a day after Tropical Storm Iselle swept through the islands without causing a widespread disaster.

    Tropical storm spares popular Hawaii areas, but rural Big Island struggles with Power Outages

    US Bots Flagged Ebola Before Outbreak in West Africa Days Before Outbreak Announced

    US Bots Flagged Ebola Before Outbreak in West Africa Days Before Outbreak Announced
    The Ebola outbreak in West Africa is focusing a spotlight on an online tool run by experts in Boston that flagged a "mystery hemorrhagic fever" in forested areas of southeastern Guinea nine days before the World Health Organization formally announced the epidemic.

    US Bots Flagged Ebola Before Outbreak in West Africa Days Before Outbreak Announced

    Volkswagen recalls 151,389 Tiguan SUVs due to stalling possibility

    Volkswagen recalls 151,389 Tiguan SUVs due to stalling possibility
    No accidents or injuries have been reported. The problem is with fuel pumps on some models from 2009 to 2014. 

    Volkswagen recalls 151,389 Tiguan SUVs due to stalling possibility

    Tiger grabs woman in West Bengal, carries her away into surrounding forest

    Tiger grabs woman in West Bengal, carries her away into surrounding forest
    KOLKATA, India - A tiger snatched a woman and disappeared into the surrounding mangrove forest in the eastern Indian state of West Bengal, an official said Saturday.

    Tiger grabs woman in West Bengal, carries her away into surrounding forest

    Obama's use of force doctrine faces test in Iraq as US conducts airstrikes against militants

    Obama's use of force doctrine faces test in Iraq as US conducts airstrikes against militants
     In making the case for U.S. airstrikes in Iraq, President Barack Obama is drawing on the doctrine involving the use of American force that he outlined less...

    Obama's use of force doctrine faces test in Iraq as US conducts airstrikes against militants