Close X
Friday, September 27, 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

    Western leaders condemn killing of Russia's Nemtsov, press Kremlin for full investigation

    Western leaders condemn killing of Russia's Nemtsov, press Kremlin for full investigation
    People lays flowers at the place where Boris Nemtsov, a charismatic Russian opposition leader and sharp critic of President Vladimir Putin, was attacked, at Red Square in Moscow, Russia, Saturday, Feb. 28, 2015. Nemtsov was gunned down Saturday near the Kremlin, just a day before a planned protest against the government. (AP Photo/Denis Tyrin)

    Western leaders condemn killing of Russia's Nemtsov, press Kremlin for full investigation

    Indian teacher in Qatar forced to quit over Modi caricature

    Indian teacher in Qatar forced to quit over Modi caricature
    A woman teacher in an Indian school in Qatar's capital Doha has reportedly been forced to quit her job after she posted a caricature of Indian Prime Minister Narendra Modi on her Facebook page, media reported Thursday.

    Indian teacher in Qatar forced to quit over Modi caricature

    Indian teacher in Qatar forced to quit over Modi caricature

    Indian teacher in Qatar forced to quit over Modi caricature
    A woman teacher in an Indian school in Qatar's capital Doha has reportedly been forced to quit her job after she posted a caricature of Indian Prime Minister Narendra Modi on her Facebook page, media reported Thursday.

    Indian teacher in Qatar forced to quit over Modi caricature

    Check out the first American Sikh superhero who loves Elvis

    Check out the first American Sikh superhero who loves Elvis
     There's a new superhero in town and he doesn't sport a cape, mask or wear embarrassing tights. He wears a turban and he fights the Taliban and is a huge Elvis fan.

    Check out the first American Sikh superhero who loves Elvis

    British Legislators Mull Creating New Sikh Regiment

    British Legislators Mull Creating New Sikh Regiment
    British legislators are examining proposals to create a new British Sikh regiment like those which fought for the country in the two World Wars, according to media reports Tuesday.

    British Legislators Mull Creating New Sikh Regiment

    RCMP Investigating After 18-year-old Woman Assaulted On UBC Campus

    RCMP Investigating After 18-year-old Woman Assaulted On UBC Campus
    VANCOUVER — Police are warning the public to be vigilant after an 18-year-old was assaulted on campus at the University of British Columbia.

    RCMP Investigating After 18-year-old Woman Assaulted On UBC Campus