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

    37 killed in China terror attack

    37 killed in China terror attack
    At least 37 civilians were killed and another 13 injured in a terrorist attack earlier this week in China's Xinjiang Uygur autonomous region, Xinhua reported Sunday....

    37 killed in China terror attack

    More Americans supporting working mothers: Study

    More Americans supporting working mothers: Study
    For working mothers, here comes a good news. More Americans now have an egalitarian view when it comes to view rols of men and women at home and work, according to a study....

    More Americans supporting working mothers: Study

    UN chief slams Hamas violation of Gaza truce

    UN chief slams Hamas violation of Gaza truce
    UN Secretary-General Ban Ki-moon Friday condemned "in the strongest terms" Hamas's violation of a mutually agreed ceasefire in the Gaza Strip...

    UN chief slams Hamas violation of Gaza truce

    When Jayewardene wanted to hang Prabhakaran

    When Jayewardene wanted to hang Prabhakaran
    Sri Lankan president J.R. Jayewardene asked Indian prime minister Rajiv Gandhi in 1986 to hand over Tamil Tigers chief Velupillai Prabhakaran...

    When Jayewardene wanted to hang Prabhakaran

    65 killed in China factory blast

    65 killed in China factory blast
    At least 65 people were killed and 150 injured Saturday in an explosion at a factory in China's Jiangsu province, officials said...

    65 killed in China factory blast

    Delegates to be screened for Ebola at US-Africa summit

    Delegates to be screened for Ebola at US-Africa summit
    US President Barack Obama has ordered compulsory screening of all the African delegates arriving in Washington for a summit for Ebola virus symptoms...

    Delegates to be screened for Ebola at US-Africa summit