NEW YORK, NY - In a ranking of billionaires topped by Amazon’s Jeff Bezos as the world’s richest man with a net worth of $112 billion, the list released by Forbes on March 6 also included a number of Indian-American billionaires, including a woman. Among the Indian-Americans on the ‘2018 World’s Billionaires’ list are Rakesh Gangwal, Romesh Wadhwani, Vinod Khosla, Kavitark Ram Shriram, Brian Sheth, John Kapoor, Aneel Bhusri,
Niraj Shah, Jayshree Ullal and Bharat Desai. The richest Indian-American is Gangwal, at $3.3 billion, who made his fortune from InterGlobe Aviation, the parent outfit of India’s largest airline IndiGo. He came in at No. 703 on the list.Gangwal, 64, started his career with United Airlines in 1984 and went on to run US Airways Group as its chief executive and chairman. A resident of Miami, FL, he co-founded IndiGo, and now owns close to 37 percent of the company and serves as a board member.
At No. 766 is Wadhwani, 70, the founder and chairman of Symphony Technology Group, with a net worth of $3.1 billion. In January 2017 the firm sold MSC Software to Swedish company Hexagon for $834 million. After graduating from the Indian Institute of Technology, he went to Carnegie Mellon and received a doctorate in 1972 in electrical engineering. He later founded Aspect Development, which i2 Technologies acquired for $9.3 billion in stock in 1999.
Silicon Valley’s venture capitalist Khosla , 63, has a net worth of $2.3 billion through Khosla Ventures and ranks at No. 1,070 on the list. Khosla Ventures invests in experimental technologies such as biomedicine and robotics. Khosla co-founded computer hardware firm Sun Microsystems in 1982. Shriram, the managing partner of Sherpalo Ventures and an early Google backer, came in at No. 1,157 with a net worth of $2.1 billion. Shriram has sold of most of his stock but remains on the board of its parent company, Alphabet. Sheth, of Austin, Texas, co-founded Vista Equity Partners in 2000 and is the firm’s president. Since then, Sheth has racked up a net worth of $2 billion and ranks at No. 1,215.
Kapoor, founder and former CEO and chair of Insys Therapeutics, comes in at No. 1,339 with $1.8 billion.In October 2017 Kapoor was arrested and charged with conspiring to bribe doctors to needlessly prescribe fentanyl spray Subsys. He denied the charges. He resigned in October 2017 as chairman of Akorn, which makes generic prescription drugs.
Bhusri ranked at No. 1,477, is CEO of business software firm Workday which he also co-founded.. Bhusri, 52, started his career in the early 1990s at PeopleSoft, where he rose to become vice chairman. Shah, co-founder and CEO of Wayfair, also made it to the list at No. 1,477 with a net worth of $1.6 billion. He started the business in 2002 with Steve Conine, a fellow billionaire. Jayshree Ullal, with a net worth of $1.3 billion, came in at No. 1,756 on the list. Ullal, has been president and CEO of Arista Networks, a computer networking firm, since 2008. Born in London and raised in India, she is now one of America’s wealthiest female executives, it said. Desai, chairman and co-founder of consulting and outsourcing Syntel Inc., made the list at No. 1,999 with his $1.1 billion net worth. He founded the company with his wife Neerja Sethi from their apartment in Troy, Michigan.
At No. 766 is Wadhwani, 70, the founder and chairman of Symphony Technology Group, with a net worth of $3.1 billion. In January 2017 the firm sold MSC Software to Swedish company Hexagon for $834 million. After graduating from the Indian Institute of Technology, he went to Carnegie Mellon and received a doctorate in 1972 in electrical engineering. He later founded Aspect Development, which i2 Technologies acquired for $9.3 billion in stock in 1999.
Silicon Valley’s venture capitalist Khosla , 63, has a net worth of $2.3 billion through Khosla Ventures and ranks at No. 1,070 on the list. Khosla Ventures invests in experimental technologies such as biomedicine and robotics. Khosla co-founded computer hardware firm Sun Microsystems in 1982. Shriram, the managing partner of Sherpalo Ventures and an early Google backer, came in at No. 1,157 with a net worth of $2.1 billion. Shriram has sold of most of his stock but remains on the board of its parent company, Alphabet. Sheth, of Austin, Texas, co-founded Vista Equity Partners in 2000 and is the firm’s president. Since then, Sheth has racked up a net worth of $2 billion and ranks at No. 1,215.
Kapoor, founder and former CEO and chair of Insys Therapeutics, comes in at No. 1,339 with $1.8 billion.In October 2017 Kapoor was arrested and charged with conspiring to bribe doctors to needlessly prescribe fentanyl spray Subsys. He denied the charges. He resigned in October 2017 as chairman of Akorn, which makes generic prescription drugs.
Bhusri ranked at No. 1,477, is CEO of business software firm Workday which he also co-founded.. Bhusri, 52, started his career in the early 1990s at PeopleSoft, where he rose to become vice chairman. Shah, co-founder and CEO of Wayfair, also made it to the list at No. 1,477 with a net worth of $1.6 billion. He started the business in 2002 with Steve Conine, a fellow billionaire. Jayshree Ullal, with a net worth of $1.3 billion, came in at No. 1,756 on the list. Ullal, has been president and CEO of Arista Networks, a computer networking firm, since 2008. Born in London and raised in India, she is now one of America’s wealthiest female executives, it said. Desai, chairman and co-founder of consulting and outsourcing Syntel Inc., made the list at No. 1,999 with his $1.1 billion net worth. He founded the company with his wife Neerja Sethi from their apartment in Troy, Michigan.
RSS Feed
