Azim Premji and Shiv 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 chief executive officer (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 $78 billion. Premji ranks 13th on the list, with a net worth of $16 billion and Nadar comes on the 17th spot, with $11.6 billion of net worth. Indian-American technology czars — Symphony Technology Group CEO Romesh Wadhwani and founders of IT (information technology) 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 $100-million venture capital fund. Nadar co-founded HCL, which is reportedly mulling a US listing, Forbes said, adding Nadar also owns HCL TalentCare, a skills-development firm. His latest venture is a $500-million fund to invest in startups and US health care technology firms.(more)

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