Close X
Wednesday, October 2, 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

    Indian-origin scientist makes breakthrough in laser technology

    Indian-origin scientist makes breakthrough in laser technology
    Your personal computer may soon become more compact and energy efficient as laser could replace the mesh of wires.

    Indian-origin scientist makes breakthrough in laser technology

    Pakistan's Geo News sues ISI

    Pakistan's Geo News sues ISI
    Pakistan's Geo News has sued the Inter-Services Intelligence (ISI) for defamation after accusations of being anti-state, the channel said Friday.

    Pakistan's Geo News sues ISI

    Brother, former husband arrested in Pakistan honour killing case

    Brother, former husband arrested in Pakistan honour killing case
    The former husband and brother of the 25-year-old pregnant Pakistani woman, Farzana, who was brutally stoned to death for marrying the man of her choice, were arrested Wednesday, a media report said.

    Brother, former husband arrested in Pakistan honour killing case

    India treated Nawaz Sharif like a schoolboy: Imran Khan

    India treated Nawaz Sharif like a schoolboy: Imran Khan
    Pakistan Tehreek-i-Insaf chairman Imran Khan Monday said Prime Minister Nawaz Sharif was treated like a schoolboy when he visited India to attend Narendra Modi's swearing-in ceremony last week.

    India treated Nawaz Sharif like a schoolboy: Imran Khan

    Gunmen kidnap Indian national in Afghanistan

    Gunmen kidnap Indian national in Afghanistan
    Unidentified gunmen Monday kidnapped an Indian national in western Afghanistan's Herat province, an official said.

    Gunmen kidnap Indian national in Afghanistan

    Diwali and Eid to be declared Holiday in Britain?

    Diwali and Eid to be declared Holiday in Britain?
    An online petition to the British House of Commons has urged the politicians to create a bank holiday for Hindu Diwali and Muslim Eid festival in the country, a media report said.

    Diwali and Eid to be declared Holiday in Britain?