Four Indian Americans are among America’s super-rich with Microsoft Corp co-founder Bill Gates still holding the top spot on the Forbes 400 list of wealthiest Americans with a fortune of $50 billion.
Warren Buffett, who’s worth $40 billion, comes in No.2 in the Forbes magazine’s annual ranking, followed by Oracle founder Lawrence Ellison ($27 billion) and members of the Walton family, owners of Walmart. The four Waltons have fortunes between $21.5 billion and $19 billion.
The number of list members losing value more than doubled to 314, compared with 126 in 2008.
Billionaires fell to 391 from 489, as the biggest economic slump since the Great Depression set in.
There’s a lot of people who think most of the people on this list grew up with a silver spoon but, in fact, 274 of the 400 are entirely self-made, meaning they came from humble origins. Another 52 inherited a small fortune and turned it into a very large one says Forbes.
Bharat Desai
Bharat Desai
#212 – Among India-origin people, Bharat Desai and family of software firm Syntel is ranked 212th with an estimated net worth of $1.65 billion.
Bharat Desai & family: Born in Kenya, spent teens in India. Earned engineering degree from Indian Institute of Technology; moved to US after landing programming job for Tata Consultancy Services in 1976.
Kavitark Ram Shriram
Kavitark Ram Shriram
#272 – Kavitark Ram Shriram, ace venture capitalist and one of the founder directors of Google, with an estimated wealth of $1.45 billion is in the 272nd spot in the list of 400 richest Americans named by Forbes.
Kavitark Ram Shriram is India-born entrepreneur joined Netscape 1994. Created online shopping site Junglee; sold to Amazon in 1998.
Founded venture firm Sherpalo 2000, became early investor, board member of Google.
Romesh Wadhwani
Romesh Wadhwani
#277 – Software entrepreneur Romesh Wadhwani and family are placed at the 277th spot with a wealth of $1.4 billion.
62-yr-old Romesh Wadhwani is an IIT-Bombay passout and moved to US in 1969 to pursue his Ph.D. in electrical engineering at Carnegie Mellon.
He founded a software firm, Aspect in 1991 and sold it off during the dot-com exuberance.
Romesh Wadhwani & family – Rode tech bubble onto The Forbes 400 in 1999 with $9.3 billion sale of Aspect Development software firm to i2 Technologies.
All-stock deal left fortune depleted 4 years later.
Vinod Khosla
Vinod Khosla
#347 – The fourth Indian on the list is noted venture capitalist Vinod Khosla. With estimated wealth of $1.1 billion, he stands at 347th position.
Vinod Khosla is a Venture capitalist continues to flog the green theme: dismisses wind power, electric cars as too expensive, unreliable to become mainstream.
Partners India-born founded Sun Microsystems in 1985.
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