Close X
Thursday, September 26, 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

    Doctors Blame Man's Kidney Failure On His Drinking A Gallon Of Iced Tea Every Day

    Doctors Blame Man's Kidney Failure On His Drinking A Gallon Of Iced Tea Every Day
    NEW YORK — Doctors traced an Arkansas man's kidney failure to an unusual cause — his habit of drinking a gallon of iced tea each day.

    Doctors Blame Man's Kidney Failure On His Drinking A Gallon Of Iced Tea Every Day

    Foreign Adoptions By Americans Fall By 9 Per Cent, Reach Lowest Level Since 1982

    Foreign Adoptions By Americans Fall By 9 Per Cent, Reach Lowest Level Since 1982
    NEW YORK — The number of foreign children adopted by U.S. parents dropped by 9 per cent last year to the lowest level since 1982, according to new State Department figures.

    Foreign Adoptions By Americans Fall By 9 Per Cent, Reach Lowest Level Since 1982

    70 Killed In Terror Strike On Kenya University By Al Shabaab

    70 Killed In Terror Strike On Kenya University By Al Shabaab
    At least 70 people were killed and 79 injured by armed assailants who forced their way into a university in northeastern Kenya and opened fire at students on Thursday, a senior government official said.

    70 Killed In Terror Strike On Kenya University By Al Shabaab

    Indian-American Preet Bharara: World's Sheriff Or Ambitious Manipulator?

    The enviable record of Wall Street's Indian-American prosecutor Preet Bhrara, known in India for his dogged prosecution of an Indian diplomat, has put him in the limelight, but some have also questioned his methods.

    Indian-American Preet Bharara: World's Sheriff Or Ambitious Manipulator?

    175 Indians Evacuated From Yemen To Reach Kochi

    175 Indians Evacuated From Yemen To Reach Kochi
    The first batch of 175 Indians -- 135 from Kerala and 40 from Tamil Nadu -- evacuated from strife-torn Yemen and taken to Djibouti will land at the Kochi airport after midnight, the external affairs ministry and a Kerala minister overseeing the arrival said on Wednesday.

    175 Indians Evacuated From Yemen To Reach Kochi

    Missing Indian-Origin Boy With Rare Medical Condition Found In Southern England

    Missing Indian-Origin Boy With Rare Medical Condition Found In Southern England
    A major search was launched on Tuesday morning after Malakhi Chijiutomi-Ghosh, who suffers from adrenal hyperplasia and requires medication three times a day, disappeared, Mirror online reported.

    Missing Indian-Origin Boy With Rare Medical Condition Found In Southern England