Close X
Tuesday, September 24, 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

    Over 48,000 Indians Acquired Eu Citizenship In 2013

    In 2013, round 985,000 people acquired citizenship of a European Union (EU) member-state, among them 48,300 Indians, three-quarters of whom acquired British citizenship.

    Over 48,000 Indians Acquired Eu Citizenship In 2013

    Sushma Swaraj's Thailand Visit Signals Major Cultural Push For India

    Barely a week after the organisation of International Yoga Day, the Indian government moved ahead with a concerted effort to promote ayurveda and Sanskrit in Thailand. 

    Sushma Swaraj's Thailand Visit Signals Major Cultural Push For India

    Northern B.C. Port Blames Abandoned Pipe For Fuel Leak Into Ocean

    Northern B.C. Port Blames Abandoned Pipe For Fuel Leak Into Ocean
    PRINCE RUPERT, B.C. — The Prince Rupert Port Authority says workers are trying to stop an abandoned pipe from slowly leaking fuel into the ocean in northwestern B.C.

    Northern B.C. Port Blames Abandoned Pipe For Fuel Leak Into Ocean

    113 Feared Dead In Indonesian Military Plane Crash

    113 Feared Dead In Indonesian Military Plane Crash
    All 113 people on board a Hercules C-130 military cargo aircraft were feared killed when the military plane crashed into a residential area in Medan city on Indonesia's Sumatra island on Tuesday, media reported.

    113 Feared Dead In Indonesian Military Plane Crash

    Indian Sentenced To 20 Months For Sex With Minor

    Indian Sentenced To 20 Months For Sex With Minor
    An Indian national in Singapore was on Tuesday sentenced to 20 months' imprisonment for having sex with a minor, a media report said.

    Indian Sentenced To 20 Months For Sex With Minor

    Russian MP Seeks Measures Against Canada For Sanctions

    Russian MP Seeks Measures Against Canada For Sanctions
    oscow should adopt measures against Canada in response to Ottawa’s latest move to expand sanctions against Russia, senior Russian lawmaker Alexei Pushkov said on Tuesday.

    Russian MP Seeks Measures Against Canada For Sanctions