Premji, Nadar in Forbes list of 100 richest tech tycoons
Wipro Chairman Azim Premji and HCL co-founder Shiv Nadar are the only two billionaires from India in Forbes’ list of the world’s 100 richest people in technology, ranking in the top 20 ahead of Google boss Eric Schmidt and Uber CEO Travis Kalanick.business Updated: Aug 11, 2016 14:11 IST
Wipro Chairman Azim Premji and HCL co-founder Shiv Nadar are the only two billionaires from India in Forbes’ list of the world’s 100 richest people in technology. They have made it to the top 20, ahead of Google boss Eric Schmidt and Uber CEO Travis Kalanick.
The ‘100 Richest Tech Billionaires In The World 2016’ list has been topped by Microsoft founder Bill Gates with an estimated fortune of USD 78 billion.
Premji ranks 13th on the list with a networth of USD 16 billion and Nadar comes in on the 17th spot with USD 11.6 billion of net worth. Two Indian-American technology czars Symphony Technology Group CEO Romesh Wadhwani and founders of IT consulting and outsourcing company Syntel Bharat Desai and his wife Neerja Sethi are also on the list.
Forbes said Premji, who heads India’s third-largest outsourcer, Wipro has been on a buying spree in the past year to boost growth. Premji’s son Rishad, who heads strategy and sits on the board, also oversees Wipro’s USD 100 million venture capital fund.
Nadar co-founded HCL, which is reportedly mulling a US listing, Forbes said adding that Nadar also owns HCL TalentCare, a skills-development firm that provides training to new graduates. His latest venture is a USD 500 million fund to invest in startups and US healthcare tech firms.
Wadhwani comes in on the 67th position with a USD 3 billion net worth. A recipient of the 2013 Forbes India Non-Resident Philanthropist Award, Wadhwani announced in 2015 that he plans to commit up to USD 1 billion to fund entrepreneurship initiatives in India.
Forbes said despite a tumultuous year for the stock market, “it was a good time to be a tech billionaire”.
The titans on Forbes’ second annual list of the world’s richest in technology are worth a combined USD 892 billion, six per cent more than a year ago. Just over half of the 100 richest in tech are from the US, including eight of the top 10 richest on the list.
China has the second highest number of tech tycoons, with 19 people worth a combined USD 132.7 billion. The richest Chinese member is Alibaba founder Jack Ma, who is on the 8th spot and has an estimated net worth of USD 25.8 billion. Canada has five tech billionaires and Germany has four.
Forbes said the second richest person in tech Amazon founder and CEO Jeff Bezos is also the biggest gainer on the list this year and has an estimated USD 66.2 billion fortune, an increase of USD 18.4 billion since this list was released last year. That puts him ahead of Oracle chairman Larry Ellison, who comes in on the 4th spot.
Ellison was also beaten by Facebook founder and CEO Mark Zuckerberg, who climbed from fourth to third place thanks to a 30 percent jump in the value of Facebook’s stock; he is now also California’s richest person, another title that previously belonged to Ellison.