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Two Indians make it to the Forbes list of tech tycoons

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.

BT Online   New Delhi     Last Updated: August 11, 2016  | 10:57 IST
Two Indians make it to the Forbes list of tech tycoons
Azim Premji, Chief, Wipro (Photo: Reuters)

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.

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.

Premji, who heads India's third-largest outsourcer, Wipro has been on a buying spree in the past year to boost growth, said Forbes

HCL is reportedly mulling a US listing, said Forbes 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.

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.

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".

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