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

    Parvinder Singh Batth Chosen As First Sikh Mayor Of British District

    Parvinder Singh Batth Chosen As First Sikh Mayor Of British District
    Indian-origin councillor Parvinder Singh Batth was chosen as the mayor of Britain's Wokingham Borough Council, the first Sikh to hold the position, media reported on Friday.

    Parvinder Singh Batth Chosen As First Sikh Mayor Of British District

    Indian Man Rajesh Maddiwar Charged With Fraud In New York

    Indian Man Rajesh Maddiwar Charged With Fraud In New York

    An Indian national along with two other people was charged with conspiracy to trick distressed ho...

    Indian Man Rajesh Maddiwar Charged With Fraud In New York

    Did Pakistan Sell Nuclear Weapons To Saudi Arabia?

    Did Pakistan Sell Nuclear Weapons To Saudi Arabia?
    The Sunday Times of London had claimed that Saudi Arabia had "taken the 'strategic decision' to acquire off-the-shelf atomic weapons from Pakistan," citing unnamed American officials.

    Did Pakistan Sell Nuclear Weapons To Saudi Arabia?

    After Rescuing Flood Victims In Bosnia, British Sikhs Back In Nepal

    After Rescuing Flood Victims In Bosnia, British Sikhs Back In Nepal
    They are middle-aged volunteers from the Slough-based charity Khalsa Aid and are helping the people rebuild their homes. They are providing food, shelter and sanitation.

    After Rescuing Flood Victims In Bosnia, British Sikhs Back In Nepal

    Anti-Polio Drive Suspended In Pakistan For Security Reasons

    Anti-Polio Drive Suspended In Pakistan For Security Reasons
    An anti-polio drive was suspended on Thursday in Pakistan's Quetta city due to authorities' failure to provide adequate security to polio administration teams

    Anti-Polio Drive Suspended In Pakistan For Security Reasons

    Ramayana Miniatures Go On Show In Canberra

    Ramayana Miniatures Go On Show In Canberra
    An exhibition of 101 vintage miniature paintings that string together a grand narrative of the ancient Indian epic 'Ramayana' opened at the National Gallery of Australia (NGA) here, said a statement.

    Ramayana Miniatures Go On Show In Canberra