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Five Indian Americans listed among Forbes 400 richest

New Delhi, Thu, 20 Sep 2012 NI Wire

Five Indian-Americans have made it to the annual list of the richest people in America with Microsoft Corp chairman Bill Gates topping the list again with an asset $66 billion, up by $7 billion from 2011.

Gates is followed by Berkshire Hathaway Inc.'s Warren Buffett at number 2 with $46 billion, showing a growth of $7 billion again from last year. Oracle Corp's Larry Ellison acquired the number 3 position claiming $41 billion, who showed a remarkable growth of $8 billion, the highest growth among all.

Social networking leader Facebook faced a downfall of $8 billion to $9.4 billion after it went public in May, which made its founder Mark Zuckerberg slip down to no. 36 spot this year.

Among the Indian-Americans, Bharat Desai and family topped the list with a net worth of $2 billion and made it to the 239th place. Kenya-born Bharat Desai began his journey towards success as a programmer for Tata Consultancy Services (TCS) and later left TCS to start Syntel with his wife.

The second position among the Indian-Americans was won by Romesh T. Wadhwani at number 250, Founder and Chairman, Symphony Technology Group, claiming a net worth of $1.9 billion. Going to US with a few dollars with him, Romesh developed a business software firm Aspect Development and has succeeded to establish more than 10 different enterprise software companies.

Kavitark Ram Shriram, Managing Partner, Sherpalo Ventures at number 298, acquired the third position in the Indian-American, with a net worth of $1.6 billion. Kavitark was one of the first people to write a check to Google cofounders Sergey Brin and Larry Page in 1998.

Indian-born Manoj Bhargava, the Five-Hour Energy founder of Farmington Hills at no. 311 made it to number 4 among Indian-Americans showing a net worth of $1.5 billion.

On the fifth position is Venture capitalist Vinod Khosla, overall ranking of 328 with a net worth of $1.4 billion. Starting with a belief that the future lies in developing cleaner energy sources, the Khosla became a leading biofuel producers with Kior and Gevo, both of which went public in 2011, according to Forbes.

-With inputs from IANS


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