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

    Sri Lanka army admits torture of women

    Sri Lanka army admits torture of women
    The Sri Lanka army Saturday ordered strict action against soldiers found harassing female recruits in a video circulating on the Internet.

    Sri Lanka army admits torture of women

    T20 World Cup: New Zealand beat England through D/L method

    T20 World Cup: New Zealand beat England through D/L method
    New Zealand beat England by nine runs via the Duckworth-Lewis method in their opening World Twenty20 game at the Zahur Ahmed Chowdhury Stadium here Saturday

    T20 World Cup: New Zealand beat England through D/L method

    40 killed in Pakistan road accident

    40 killed in Pakistan road accident
    The accident happened when the two passenger buses with over 100 people on board collided with the oil tanker near Gadani checkpost in Hub district of Balochistan province

    40 killed in Pakistan road accident

    Missing jet: Weather improves but still no trace

    Missing jet: Weather improves but still no trace
    There was no trace of the Malaysian airliner even two weeks after it went missing but searchers said Friday weather conditions have improved in the search area in the southern Indian Ocean which is making human sighting possible now.

    Missing jet: Weather improves but still no trace

    Putin signs Crimea's accession into law

    Putin signs Crimea's accession into law
    Russian President Vladimir Putin Friday signed into law legislation on the accession of Crimea after both houses of the Russian parliament unanimously approved it. Putin also said that Russia will refrain from imposing retaliatory sanctions against the US.

    Putin signs Crimea's accession into law

    Missing Malaysia Flight MH370: Search May Last Several Days

    Missing Malaysia Flight MH370: Search May Last Several Days
    Australian maritime authorities said Friday that the search in the southern Indian Ocean for a missing Malaysian airliner may last several days due to bad weather

    Missing Malaysia Flight MH370: Search May Last Several Days