The 2020 Forbes list of 400 Richest People in America has been topped by Amazon founder Jeff Bezos, 56 who has a net worth of USD 179 billion and has occupied the spot of the richest person in the US for the third year in a row.
Here we take a look at the 7 successful Indian-Americans who have secured a place in Forbes’ list of richest Americans.
Cybersecurity firm ZScaler CEO Jay Chaudhry - Chaudhry, 61 is ranked 85th on the list with a net worth of USD 6.9 billion. He founded ZScaler in 2008 and the company went public in March 2018. Forbes said in 1996, Chaudhry and his wife, Jyoti, both quit their jobs and put their life savings to start cybersecurity firm SecureIT, his first startup.
Founder and Chairman of Symphony Technology Group Romesh Wadhwani - Wadhwani, 73 has been ranked 238th on the list and has a net worth of USD 3.4 billion. His Symphony Technology Group brings in USD 2.5 billion in annual revenues and Wadhwani combined nine of his companies that were AI-focused into a new group called SymphonyAI in 2017, Forbes said.
Co-founder and CEO of online home goods retailer Wayfair Niraj Shah - On the 299th spot is Shah, 46, who has a net worth of USD 2.8 billion. Shah started the business in 2002 with Steve Conine, who is also a billionaire. Wayfair, which now offers more than 18 million products, generated USD 9.1 billion in net revenue in 2019, up 35 per cent from the previous year, Forbes said.
Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla - Khosla, 65 is ranked 353rd with a net worth of USD 2.4 billion. Khosla co-founded computer hardware firm Sun Microsystems in 1982 and spent 18 years at venture capital firm Kleiner Perkins Caufield & Byers before launching his own fund. In June 2019, Khosla said he believes artificial intelligence could replace traditional industries such as radiology and music, Forbes added.
Managing Partner of Sherpalo Ventures Kavitark Ram Shriram - On the 359th spot is Shriram, 63, who has a net worth of USD 2.3 billion. Forbes said an early Google backer, Shriram has sold off most of his stock but remains on the board of its parent company, Alphabet. Born in India, Shriram studied math at the University of Madras. His portfolio includes online invitation service Paperless Post, online HR service provider Gusto and mobile advertising company InMobi.
Airline veteran Rakesh Gangwal - Gangwal, 67 is ranked 359th on the list and has a net worth of USD 2.3 billion. Forbes said Gangwal made his fortune from InterGlobe Aviation, the parent outfit of budget airline IndiGo, India’s largest by market share. Gangwal cofounded IndiGo, headquartered outside Delhi, with Rahul Bhatia in 2006 with one aircraft, it said.
Workday CEO and Cofounder Aneel Bhusri - On the 359th spot is Bhusri with a net worth of USD 2.3 billion. Bhusri is CEO of business software firm Workday, which he co-founded with Dave Duffield, the founder of PeopleSoft. Bhusri started his career in the early 1990s at business software firm PeopleSoft, where he rose to become vice-chairman. Bhusri has been on the Forbes Midas List six times since 2008 and in May 2018, Bhusri joined the Giving Pledge, a commitment by the world’s wealthiest people to dedicate the majority of their wealth to philanthropy, Forbes said.