Jayshree Ullal came in at the 21st spot on the list with $84 million worth
Two Indian American entrepreneurs made it to the Forbes’ list of America’s Richest Self Made Women, on Wednesday. In total, 60 winner were selected. Collectively, these women entrepreneurs have a net worth of $61.5 billion.
Jayshree Ullal, President and CEO of computer networking firm Arista Networks came in at the 21st spot on the list with $84 million worth.
Born in London and raised in New Delhi, 56-year-old Ullal is now one of the America’s wealthiest female executives.
She leads Arista Networks, located in Santa Clara, California, since 2008 and the company went public in June 2014. It reported $1.1 billion in revenues in 2016.
Ullal owns 7 percent of Arista’s stock, some of which are earmarked for her two children, niece and nephew. However, Ullal’s former employer Cisco is suing Arista for alleged patent infringement, which it denies.
The second Indian American in the list is Neerja Sethi, who is the vice president of IT consulting and outsourcing company Syntel. She has a net worth of $750 million.
The 62-year-old, who now lives in Florida, co-founded the company with her husband Bharat Desai in 1980 in their apartment in Troy, Michigan. Starting out with an initial investment of just $2000, they made a mere $30,000 in first-year sales.
Syntel, today has $966 million in sales and nearly 23,000 employees worldwide and 80 percent of them are Indians.
Both Ullal and Sethi were also in the last year’s list with rankings 30 and 16, respectively.
Marian Ilitch, 84, who owns the Little Caesars pizza chain and Detroit’s MotorCity Casino Hotel, along with other investments, is the new richest self-made woman in America. She is worth $5.1 billion. ABC Supply’s Diane Hendricks, who held the top spot in the last year’s list, falls to the second spot with a net worth of $4.9 billion, the same as last year.
Judy Love and Oprah Winfrey, both worth $2.9 billion, is in the third spot followed by The Gap’s Doris Fisher, worth $2.7 billion, in the fifth spot.
“These 60 entrepreneurs, innovators and entertainers made their fortunes in everything from makeup and music to fashion, food and finance,” Luisa Kroll, Forbes’ Assistant Managing Editor, Wealth said in a news media statement. “A number of them saw their fortunes increase as investors and corporate buyers rushed in.”
The list also includes eBay’s Meg Whitman, Facebook COO Sheryl Sandberg, Google’s Marissa Mayer, pop icons Madonna, Beyonce and Taylor Swift.