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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

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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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Food Insecurity In New York,  Indian-Americans Work To Raise Awareness

"In the spirit of ‘give where you live', the community through IAC, has enabled close to five million meals in Texas in just over a year," said Raj Asava in a press release. 

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The group has mobilized the Indian-American community with the rallying call of "Hunger Mitao!", which means "Wipe Out Hunger." Pixabay

Indian-Americans across New York are coming together to fight food insecurity, with a major organisation working to end hunger throughout the city’s five boroughs.

The Food Bank For New York City’s new Indian-American Council (IAC) will work to raise awareness, improve engagement and channel community resources to help end hunger, The American Bazaar daily reported.

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“We are excited to bring this model to New York City and are confident that the Indian community here will galvanise around Food Bank and provide millions of meals for the city’s food insecure children, seniors, veterans and vulnerable families,” added Anna Asava. Pixabay

The newly-formed Council kicked off its “Million Meal March” campaign at Baar Baar restaurant earlier this month.

The event garnered more than 100 attendees and raised over 610,000 meals for New Yorkers in need.

The group has mobilized the Indian-American community with the rallying call of “Hunger Mitao!”, which means “Wipe Out Hunger.”

food
The Food Bank For New York City’s new Indian-American Council (IAC) will work to raise awareness, improve engagement and channel community resources to help end hunger, The American Bazaar daily reported. 
Pixabay

The Council’s Co-Chair is Payal Sharma, the Managing Partner of the restaurant, and its Founders and Advisors are Raj Asava and Aradhana Asava.

Also Read: “Special” Passports For Diplomats: Kuwait, India Agree on Exemption Of Entry Visas

“In the spirit of ‘give where you live’, the community through IAC, has enabled close to five million meals in Texas in just over a year,” said Raj Asava in a press release.

“We are excited to bring this model to New York City and are confident that the Indian community here will galvanise around Food Bank and provide millions of meals for the city’s food insecure children, seniors, veterans and vulnerable families,” added Anna Asava. (IANS)