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

    MH17 black boxes arrive in Britain

    MH17 black boxes arrive in Britain
     The two black boxes of the crashed Malaysia Airlines flight MH17 arrived in Britain Wednesday for analysis, Ukraine's investigation commission said....

    MH17 black boxes arrive in Britain

    Fighting in Gaza will end 'in very near future': UN chief

    Fighting in Gaza will end 'in very near future': UN chief
    UN Secretary General Ban Ki-moon said Tuesday that he believed his talks with world leaders will lead to an end to the ongoing fighting between Israel and Hamas "in the very near future"....

    Fighting in Gaza will end 'in very near future': UN chief

    China's super collider a game changer?

    China's super collider a game changer?
    A proposal by China to build a "Higgs factory" by 2028 - a 52 km underground ring that would smash together electrons and positrons - has raised the possibility...

    China's super collider a game changer?

    UN warns of possible Israeli war crimes in Gaza

    UN warns of possible Israeli war crimes in Gaza
    UN High Commissioner for Human Rights Navi Pillay Wednesday warned that Israeli military attacks on Gaza could constitute a war crime, as the...

    UN warns of possible Israeli war crimes in Gaza

    Research questions satellite data over Antarctic sea expansion

    Research questions satellite data over Antarctic sea expansion
    The Antarctic sea ice may not be expanding as fast as previously thought, a new research suggests, adding that there may be a processing error in the satellite data...

    Research questions satellite data over Antarctic sea expansion

    N-talks extension sign of political will: Iran

    N-talks extension sign of political will: Iran
    The extension of talks on Iran's nuclear programme is an indication of a "political will" on both sides toward reaching a final agreement, an Iranian official said Wednesday....

    N-talks extension sign of political will: Iran