Romesh Wadhwani richest of eight Indian American billionaires

Jaguars owner Shahid Khan, who’s worth $8.2 billion, is the richest South Asian American.

Editor’s note: This post has been updated.

Romesh T. Wadhwani, founder and chairman of the private equity firm Symphony Technology Group, is the richest Indian American, according to the Forbes 2017 Billionaires list.

The Palo Alto, CA, resident, who is valued $3 billion, is ranked 660 in the world.

The Indian-born Wadhwani came to the United States after earning a bachelor’s in electrical engineering from the Indian Institute of Technology Bombay.

Symphony’s portfolio companies have a combined revenue of $2.5 billion and they employ more than 15,000 people worldwide.

The second richest Indian American, according to Forbes, is Rakesh Gangwal, former CEO and Chairman of US Airways Group and Worldspan Technologies, Inc.

Gangwal’s net worth is $2.1 billion, which makes him the 973rd richest on Forbes’ list.

The Kolkata-born Gangwal, is a cofounder of Indigo, a low-cost airline in India, and most of his wealth derived from the airline, which went public in 2015.

Indian American billionaires*

Rank Name Net worth Age Industry
#660 Romesh T. Wadhwani $3 billion 69 Software
#973 Rakesh Gangwal

 

$2.1 billion 63 Airline
#1030 Kavitark Ram Shriram $2 billion 60 Venture capital
#1234 John Kapoor $1.7 billion 73 Healthcare
#1290 Vinod Khosla $1.6 billion 62 Venture capital
#1567 Aneel Bhusri $1.3 billion 51 Software
#1795 Brian Sheth $1.1 billion 41 Investments
#1940 Bharat Desai $1 billion 64 IT consulting

*Source: Forbes

Venture capitalist Kavitark Ram Shriram, an early investor in Google, is the third richest from the community with a net worth of $2 billion.

Shriram, 60, who was born in Chennai, is ranked 1030 in the world.

Phoenix, Arizona, -based pharmaceutical entrepreneur John Nath Kapoor, 73, is the fourth richest Indian American, with a net worth of $1.7 billion.

The Amristar, Punjab, -born Nath, who is a graduate of Bombay University and SUNY Buffalo, is ranked 1,234th globally.

He is the founder of Akorn Pharmaceuticals and Insys Therapeutics

The other Indian American billionaires on the list are Sun Microsystems cofounder Vinod Khosla; cofounder and CEO of Workday, Inc Aneel Bhusri; Vista Equity Partners cofounder Brian Sheth; and Bharat Desai, founder of Syntel founder, an IT consulting firm.

Khosla, 62, is worth $1.6 billion and is ranked 1290. The IIT Delhi graduate lives in San Jose.

Bhusri, a member of the board of directors of Intel, is worth $1.3 billion. The Brown University grad is ranked 1,567 worldwide.

Bhusri, 51, was born in Pittsford, New York.

Sheth, whose net worth is $1.1 billion, is the youngest Indian American billionaire at age 41.

Desai, 64,who was worth $2.6 billion last year, lost more than half his wealth in a year. According to Forbes, he is now worth $1 billion. He lives in Fisher Island, Florida.

The richest South Asian American on the Forbes’ list is Pakistani American Shahid Khan. The auto parts industry mogul and owner of NFL’s Jacksonville Jaguar is worth $8.2 billion. The 66-year-old Khan, who was born in Lahore, is ranked 158.

Overall, the United States is home to 565 billionaires. In comparison, India has 101 billionaires.

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