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

    Charlie Hebdo staffer says magazine now getting much-needed financial support

    Charlie Hebdo staffer says magazine now getting much-needed financial support
    MONTREAL — A journalist who works for Charlie Hebdo says the satirical news magazine is getting much-needed financial support — but it comes at a heavy price.

    Charlie Hebdo staffer says magazine now getting much-needed financial support

    ISIL praises October slaying of soldier in Ottawa; calls for attacks in the West

    ISIL praises October slaying of soldier in Ottawa; calls for attacks in the West
    BEIRUT — The spokesman for the Islamic State group has praised the gunman who killed a Canadian soldier at the National War Memorial in October and is calling on Muslims living in Western countries to carry out attacks.

    ISIL praises October slaying of soldier in Ottawa; calls for attacks in the West

    After Complaints From Indian-Americans Connecticut Brewery To Rename Gandhi-Bot Beer

    After Complaints From Indian-Americans Connecticut Brewery To Rename Gandhi-Bot Beer
    New England Brewing Co.'s India pale ale is called Gandhi-Bot. It has a label with a cartoon image depicting a robot version of the late Indian leader. The Woodbridge-based company apologized earlier this month to anyone who found it insensitive.

    After Complaints From Indian-Americans Connecticut Brewery To Rename Gandhi-Bot Beer

    Modi, Obama Unveil Steps For New High To Business, Indo-US Trade Ties

    Modi, Obama Unveil Steps For New High To Business, Indo-US Trade Ties
    India-US business links were set for a quantum jump with Prime Minister Narendra Modi's assurance of "consistent policies" and "welcoming environment" leading to US President Barack Obama announcing steps to lead to $4 billion trade with and investment in India.

    Modi, Obama Unveil Steps For New High To Business, Indo-US Trade Ties

    Indian Restaurant In Australia Banned From Hiring Foreign Workers For Migration Law Breaches

    Indian Restaurant In Australia Banned From Hiring Foreign Workers For Migration Law Breaches
    Australian authorities have cancelled an Indian restaurant's right to recruit foreign workers after several breaches of migration law, media reported Monday.

    Indian Restaurant In Australia Banned From Hiring Foreign Workers For Migration Law Breaches

    US Media Makes A Splash With Obama's India Visit

    US Media Makes A Splash With Obama's India Visit
    President Barack Obama's historic visit to India received prominent coverage in US media with major newspapers focusing on the breakthrough on the nuclear deal and splashing pictures of the pomp and pageantry.

    US Media Makes A Splash With Obama's India Visit