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Five Indian-Americans among America’s richest 400, says Forbes Survey

Gates tops the list for the 23rd year, now with a net worth of $81 billion

Representational Image, Flickr

NEW YORK, October 09, 2016: Five Indian-Americans figure among America’s 400 richest people, in a list again headed by Microsoft co-founder Bill Gates, according to the survey by Forbes magazine.

Symphony Technology founder Romesh Wadhwani, co-founders of outsourcing firm Syntel Bharat, Syntel’s Neerja Desai, airline veteran Rakesh Gangwal, entrepreneur John Kapoor and Silicon Valley angel investor Kavitark Ram Shriram figure in Forbes’ ‘The Richest People In America 2016’ list.

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Gates tops the list for the 23rd year, now with a net worth of $81 billion.

Wadhwani has been ranked 222nd on the list with a net worth of $3 billion.

Educated at IIT-Mumbai, he is the chairman of Symphony Technology Group, an empire of 17 data, technology, healthcare and analytics companies that together earn more than $2.8 billion in annual revenue, Forbes said.

The Desais rank 274th on the list with a net worth of $2.5 billion. Started in 1980, their firm Syntel generates over $950 million in revenue and has nearly 24,000 employees across the globe, Forbes said.

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Gangwal is ranked 321 on the list with a net worth of $2.2 billion. He is an aviation entrepreneur, who co-founded InterGlobe Aviation, which operates budget airline IndiGo, that is India’s largest by market share.

US resident Gangwal owns more than 40 percent of the company and currently serves as a board member, Forbes said.

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Kapoor, who ranks 335 on the list with a net worth of $2.1 billion, is the chairman of two drug companies – Akorn, which specialises in “difficult-to-manufacture” prescription drugs and Insys Therapeutics, which produces an opioid for cancer patients, Forbes added.

Shriram ranks 361 on the list with a net worth of $1.9 billion.

According to Forbes, Shriram, who was one of Google’s early backers, has sold of most of his stock but remains on the board of its parent company, Alphabet. Since 2000, he has been investing in young technology startups through his firm, Sherpalo Ventures.

Sriram’s portfolio includes online card and invitation service Paperless Post, web and mobile app testing service Optimizely, and mobile advertising company Inmobi. (IANS)


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Ethnic Indian Jai Sears responds to complaint against the statue of Gandhi in Grenada

Jai Sears wrote in response to a letter on Mahatma Gandhi entitled “Dustbin of history” written by Josiah Rougier

Mahatama Gandhi, leader of non violence

Jai Sears from Grenada, Caribbean has written a letter to editor in response to complaints against the statue of Gandhi in Grenada. Here is the text:

I write in response to a letter on Mahatma Gandhi entitled “Dustbin of history” written by Josiah Rougier and published in the Grenada newspaper, The New Today (Nov 3, 2017). In his letter, Rougier is asking the Government to remove the bust-statue of Gandhi which overlooks Sauteurs Bay in Grenada where East Indians arrived 160 years ago. Rougier’s opinion is based on the false notion that Gandhi was racist because the Mahatma reportedly considered Indians to be superior to black Africans when he referred to the latter as “kaffirs.”

Gandhi was only 27 years old when he made that contextual statement. If Rougier had done his research, he would have found that Nelson Mandela said: “Gandhi must be forgiven for these prejudices in the context of the time and the circumstances.” The quote can be found in “Gandhi the Prisoner” by Nelson Mandela published in 1995. Gandhi was a man; he was not god. And even god made mistakes.

In favour of Mahatama Gandhi
Photo of Jai Sears

Rougier must instead focus on the Gandhi’s vision of non-violent protest and his belief in satyagraha which inspired rebels and revolutionaries around the world. Gandhi’s ideas influenced leaders of the African National Congress and the struggle by Indians and blacks against white apartheid rule in South Africa. From as early as 1956 when he was 27 years old, Martin Luther King, Jr. referred to Gandhi as “the guiding light of our technique of nonviolent social change.”

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Following the success of his boycott, King contemplated traveling to India to deepen his understanding of Gandhian principles. The fact is that Gandhi saw people of all races, castes, colours and creeds as equal which led to his assassination by a Hindu fanatic in 1948. So who is this unknown Josiah Rougier? Is he as illustrious as the great Nelson Mandela and Martin Luther King? And is he disagreeing with his possible heroes?

A friend to all.
Jai Sears
Grenada, Caribbean