Tuesday, December 23, 2025
ADVT 
International

5 Richest Indian-Americans Who Made It Onto The Forbes Rich List And How They Did It

Darpan News Desk IANS, 11 Oct, 2016 10:45 AM
    Five Indian-Americans figure among America's 400 richest people, in a list again headed by Microsoft co-founder Bill Gates, according to the survey by Forbes magazine.
     
    Symphony Technology founder Romesh Wadhwani, co-founders of outsourcing firm Syntel Bharat, Syntel's Neerja Desai, airline veteran Rakesh Gangwal, entrepreneur John Kapoor and Silicon Valley angel investor Kavitark Ram Shriram figure in Forbes' 'The Richest People In America 2016' list.
     
    Gates tops the list for the 23rd year, now with a net worth of $81 billion.
     
     
    Wadhwani has been ranked 222nd on the list with a net worth of $3 billion.
     
    Educated at IIT-Mumbai, he is the chairman of Symphony Technology Group, an empire of 17 data, technology, healthcare and analytics companies that together earn more than $2.8 billion in annual revenue, Forbes said.
     
    The Desais rank 274th on the list with a net worth of $2.5 billion. Started in 1980, their firm Syntel generates over $950 million in revenue and has nearly 24,000 employees across the globe, Forbes said.
     
     
    Gangwal is ranked 321 on the list with a net worth of $2.2 billion. He is an aviation entrepreneur, who co-founded InterGlobe Aviation, which operates budget airline IndiGo, that is India's largest by market share. 
     
    US resident Gangwal owns more than 40 per cent of the company and currently serves as a board member, Forbes said.
     
     
    Kapoor, who ranks 335 on the list with a net worth of $2.1 billion, is the chairman of two drug companies - Akorn, which specializes in "difficult-to-manufacture" prescription drugs and Insys Therapeutics, which produces an opioid for cancer patients, Forbes added. 
     
    Shriram ranks 361 on the list with a net worth of $1.9 billion.
     
     
    According to Forbes, Shriram, who was one of Google's early backers, has sold of most of his stock but remains on the board of its parent company, Alphabet. Since 2000, he has been investing in young technology startups through his firm, Sherpalo Ventures.
     
     
    Sriram's portfolio includes online card and invitation service Paperless Post, web and mobile app testing service Optimizely, and mobile advertising company Inmobi.

    MORE International ARTICLES

    British Lawmakers Call For Legalising Prostitution

    A cross-party group of British lawmakers led by Indian-origin lawmaker Keith Vaz has called on the UK government to decriminalise sex work and prostitution, first time in decades that Parliament has considered the "polarising" subject.

    British Lawmakers Call For Legalising Prostitution

    US Family Begs For Mercy For Couple Held In Afghanistan

    US Family Begs For Mercy For Couple Held In Afghanistan
    Caitlan Coleman and Joshua Boyle lost touch with their families while travelling in a mountainous region near the Afghan capital, Kabul.

    US Family Begs For Mercy For Couple Held In Afghanistan

    Dhaka Attack: 20-Yr-old Who Killed After Refusing To Leave Female Friends Behind Praised As 'Hero'

    Dhaka Attack: 20-Yr-old Who Killed After Refusing To Leave Female Friends Behind Praised As 'Hero'
    While many flooded social media with rich tributes to the 20-year-old, Bangladeshi daily Dhaka Tribune called him an icon to all Bangladeshis as "his bravery and selflessness is an inspiration for generations to come". 

    Dhaka Attack: 20-Yr-old Who Killed After Refusing To Leave Female Friends Behind Praised As 'Hero'

    Pakistani-Origin Man Jailed For Shouting 'Allah-O-Akbar' On Plane

    Pakistani-Origin Man Jailed For Shouting 'Allah-O-Akbar' On Plane
      Shehraz Sarwar caused alarm with his behaviour during turbulence on-board an Emirates Boeing 777 from Dubai to Birmingham

    Pakistani-Origin Man Jailed For Shouting 'Allah-O-Akbar' On Plane

    New Art Exhibit 'Sikh Project' To Explore Sikh Identity In Post-9/11 US

    New Art Exhibit 'Sikh Project' To Explore Sikh Identity In Post-9/11 US
    The exhibition will highlight the aesthetic of the Sikh articles of faith, including the turban and beard.

    New Art Exhibit 'Sikh Project' To Explore Sikh Identity In Post-9/11 US

    UK Woman, 60, Wins Petition To Use Dead Daughter's Eggs To Give Birth

    UK Woman, 60, Wins Petition To Use Dead Daughter's Eggs To Give Birth
    A 60-year-old woman in the UK who wants to use her dead daughter's frozen eggs to give birth to her own grandchild today won a Court of Appeal battle.

    UK Woman, 60, Wins Petition To Use Dead Daughter's Eggs To Give Birth