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NRI techie among young billionaires

Anurag Dikshit is world's youngest billionaire with a fortune of $1.7 billion, reports Vijay Dutt.

india Updated: Apr 18, 2006 11:35 IST
Vijay Dutt

Poker players may go bust, but Anurag Dikshit, the computer engineer who has created the gambling software for online casino games — Party Gaming — has become one of the world's youngest billionaires, with a fortune of $1.7 billion.

Dikshit, 34, has crept to the third position in a list of rich British Asians — one of the many to come out at this time every year.

His company joined the London Stock Exchange last year in the biggest flotation of a British company in five years. According to the company, at any given time 70,000 people are gambling on its web-based system. And Dikshit owns a 32 per cent stake.

Only three per cent of people listed on the latest Asian Rich List have inherited wealth, compared with one third of the people on The Sunday Times Rich List. And only 22 women appear in the top 300 Asians, including Meena Pathak of the Pathak spices empire.

Philip Beresford, who has compiled the Asian Rich List for the past decade, and is also author of The Sunday Times Rich List, said: "Overwhelmingly, this is a list of self-made people, with 290 people on the list making their own fortunes rather inheriting wealth."

He said that people on the list are now "much, much richer, on average". The combined wealth of the 300 Asian multi-millionaires has risen more than 40 per cent from £24.9 billion last year to £35.5 billion this year.

The 58-year-old steel tycoon Lakshmi Mittal remains at the top of the list with a fortune of £14.8 billion.

First Published: Apr 18, 2006 01:41 IST