Forbes Current Affairs - 2019

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Azim Premji, Shiv Nadar among world’s 20 richest tech czars: Forbes

Two Indian technology tycoons Azim Premji chairman of Wipro and Shiv Nadar founder of HCL bagged place in Top 20 on Forbes’ first ever list of ‘100 Richest People In Technology’.

As per the Forbes list of ‘top 100 richest people in technology’ Azim Premji with net worth of $17.4 billion ranked 13th followed by Shiv Nadar on the 14th spot with net worth $14.4 billion.

Two Indian-origin technology czars Romesh Wadhwani and Bharat Desai are also in the list, they were ranked 73rd and 82nd respectively.

Key Findings:

  • American billionaires dominate the list occupying 51 slots followed by Asia Tech barons, with 33 people hailing from that region.
  • Eight Europeans made to the list two from the Middle East and one from Latin America.
  • The world’s 100 richest tech billionaires are worth $842.9 billion.
  • The list spotted only seven women among them Laurene Powell Jobs, the widow of Apple’s late chief Steve Jobs was the wealthiest, with an estimated net worth of 21.4 billion dollars.

Top Billionaires

  • World’s richest Microsoft co-founder Bill Gates ranks number one among tech tycoons too with a net worth of $79.6 billion.
  • Oracle CEO Ellison ceded second spot with a net worth estimated at $50 billion.
  • Amazon.com founder Jeff Bezos ranked third with net worth of $47.8 billion.
  • Facebook co-founder Mark Zuckerberg ranked fourth with net worth of $41.2 billion.
  • Google co-founder Larry Page and Sergey Brin ranked fifth and sixth.
  • Alibaba chief Jack Ma spotted seventh.

India’s 10 companies in Forbes Asia Fabulous 50 list

Forbes Asia Fabulous 50 list released on the eve of its 10th Anniversary has listed 10 Indian companies which stands second after China in terms of number of companies listed.

This year’s list was also dominated by Chinese companies, over 25 Chinese companies made to the list against 16 last year.

China’s Tencent continued to be at the top on chart, which now worth $ 176.5 bn. South Korea has third highest number of companies with four firms after China and India, whereas Malaysia, Singapore, and Philippines have two firms each and Japan, Indonesia have one firm each on the list.

Indian companies that made to the list are: HDFC Bank, Tata Consultancy Services, HCL Technologies, Aurobindo Pharma, Lupin, Sun Pharma Industries, Motherson Sumi Systems, Tech Mahindra, Tata Motors and Titan.

Among the fifty companies HDFC Bank was named as Asia Fab 50’s “brightest star” as it has made to the list nine times that is more than any other company in the list.

Note: Forbes selects The ‘Fab 50’ companies from the pool of 1,116 firms that have at least $ 3 billion in annual revenue or market cap.