Close X
Thursday, October 3, 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

    Ukraine crisis amplifies need for defense cooperation: NATO

    Ukraine crisis amplifies need for defense cooperation: NATO
    NATO Secretary General Anders Fogh Rasmussen Tuesday said that the Ukraine crisis has amplified the need to strengthen cooperation between NATO, the European Union and other partners.

    Ukraine crisis amplifies need for defense cooperation: NATO

    Miss America Nina Davuluri to join White House Easter Egg Roll

    Miss America Nina Davuluri to join White House Easter Egg Roll
    Nina Davuluri, the first Indian American and second Asian American to be chosen as Miss America, will be one of the readers on Storytime Stage at this year's White House Easter Egg Roll.

    Miss America Nina Davuluri to join White House Easter Egg Roll

    Afghan Drawdown: New conflict or back-door occupation?

    Afghan Drawdown: New conflict or back-door occupation?
    When, in mid-1945, the allied armies advancing across Western Europe were ordered to halt to enable the marauding Soviet forces perform the final denouement of the Second World War by capturing Berlin, it sowed the seeds of the Cold War that lasted almost half-a-century and whose present-day ramifications are there for all to see.

    Afghan Drawdown: New conflict or back-door occupation?

    Abdullah Abdullah leads in Afghan presidential election

    Abdullah Abdullah leads in Afghan presidential election
    Afghan presidential candidate Abdullah Abdullah was leading in the partial results, the country's Independent Election Commission (IEC) chairman announced Sunday.

    Abdullah Abdullah leads in Afghan presidential election

    Search for missing Malaysian plane remains fruitless

    Search for missing Malaysian plane remains fruitless
    A dozen aircraft and 14 ships Sunday continued the search for a missing Malaysia Airlines plane but the efforts remained fruitless even on the 37th day of MH370 going off the radar on a Kuala Lumpur-Beijing flight.

    Search for missing Malaysian plane remains fruitless

    Now Preet Bharara takes on New York governor

    Now Preet Bharara takes on New York governor
    New York's Indian-American prosecutor Preet Bharara, who is known in India for his dogged prosecution of Indian diplomat Devyani Khobragade, has now taken on the state's Governor Andrew M. Cuomo over his decision to shutter an anti-corruption commission as part of a deal with legislators for an ethics package.

    Now Preet Bharara takes on New York governor