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, appearing in 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 $78 billion.
Premji ranks 13th on the list with a net worth of $16 billion while Nadar is in 17th spot with $11.6 billion.
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 of the company, also oversees Wipro’s $100 million venture capital fund.
Nadar co-founded HCL, which is reportedly considering 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 $500 million fund to invest in start-ups and US healthcare tech firms.
Wadhwani is listed in 67th position with a net worth of $3 billion. A recipient of the 2013 Forbes India Non-Resident Philanthropist award, Wadhwani announced in 2015 that he plans to commit up to $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 $892 billion, six per cent more than a year ago. Just over half of the 100 richest in the industry 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 $132.7 billion. The richest Chinese on the list is Alibaba founder Jack Ma, who is in the 8th place with an estimated net worth of $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, He has an estimated $66.2 billion fortune, an increase of $18.4 billion since the list was released last year. That puts him ahead of Oracle chairman Larry Ellison, who is in 4th spot.
Ellison was also beaten by Facebook founder and CEO Mark Zuckerberg, who climbed from fourth to third place thanks to a 30 per cent jump in the value of Facebook’s stock. He is now also California’s richest person, another title that previously belonged to Ellison.
Only five women rank among the world’s 100 richest in tech, including Zhou Qunfei in 33rd spot. She became a billionaire in 2015 after Lens Technology’s IPO, and has a net worth of $6.4 billion.
America’s richest self-made woman in tech is healthcare software firm Epic Systems founder and CEO Judy Faulkner, who, with a net worth of $2.7 billion, is ranked 79th. The only other American woman on the list is Hewlett-Packard Enterprise CEO Meg Whitman, who has a net worth of $2.2 billion. She ranks 93rd.
The 100 billionaires have an average age of 53, a decade younger than the average age of the entire 2016 Forbes Billionaires List.