The richest Indians In USA, India is one of the most populous countries in the world. A centuries-old civilization and culture that was once famous for its wealth and power, and its influence that spanned far outside its native continent. The Moghul empire is one of the historical references to such wealth, and the Taj Mahal is one remains one of the physical reminders of the splendor and extravagance that was once Indian civilization.
After years of British rule grinding them to the floor, India is beginning to shine again. In this article, we focus the spotlight on the wealthiest Indians in America who are living the American dream. The richest (in terms of net worth) of the richest of people with Indian ancestry or birth who have established themselves in America. Without further ado, let’s get down to business.
Top 10 Richest Indians In USA 2020
Net worth: 3.3 billion USD
Age: 64 years
Rakesh Gangwal is the number one man on this list. He is co-founder of India’s biggest airline company IndiGo. This is not his first venture into the airline business, he is aptly described as an airline veteran. According to Forbes, he has a net worth of $3.3 billion. Rakesh Gangwal made his fortune from InterGlobe Aviation, which is the parent outfit and holding company of the Indian budget airline IndiGo.
Rakesh Gangwal was born in Kolkota and earned a bachelor’s degree in mechanical engineering from the Indian Institute of Technology Kanpur. He originally traveled to the United States to do an MBA from Wharton but found himself working.
Rakesh Gangwal started his working career with United Airlines in 1984 and was very successful. In fact, he went on to run the US Airways Group as its chief executive and chairman. He later co-founded IndiGo in 2006, along with his partner Rahul Bhatia. Rakesh Gangwal holds more than a third of the shares in the company.
He lives in the Indian Creek Village, near Miami, in Florida.
Romesh T. Wadhwani
Net worth: $ 3.1 billion USD
Age: 70 years
Romesh Wadhwani comes in next with a personal fortune of 3.1 billion USD. He is the founder and CEO of Symphony Technology Group. His business basically is a private equity firm that invests in technology companies.
Romesh Wadhwani was born in what is now Pakistan. When he was very young his family moved to India during the Partition of the subcontinent in 1947. Romesh Wadhami came to the United States after earning his engineering degree from the Indian Institute of Technology, Bombay. His intention was to further his studies at Carnegie Mellon University.
In 1999 he sold his technology development company Aspect Development, Inc. for $9.3 billion, and that was his first major break. The company was sold to i2 Technologies.
Romesh Wadhwani has gained a reputation as a giver because of his philanthropic activities, and he sits on the boards of the Kennedy Center and also the Center for Strategic and International Studies.
Net worth: $2.3 billion USD
Age: 63 years
Vinod Kholsa comes in next on our list with a net worth of 2.3 billion USD. A venture capitalist, Vinod Khosla’s business is to study experimental technologies and invest in the most promising ones. Some of the ventures he has invested in over time include biomedicine and robotics. His company is called Khosla Ventures and is located in Silicon Valley VC.
Vinod Kholsa was born in Delhi, India, and was educated at the Indian Institute of Technology, Delhi, where he obtained a bachelor’s degree in electrical engineering. He subsequently came to the United States for even more education. Before 1980 Vinod Khosla had obtained a master’s in biomedical engineering from Carnegie Mellon University, and he further armed himself with an MBA from the Stanford Graduate School of Business.
Vinod Khosla was already a visionary businessman as far back as 1982 when he co-founded computer hardware firm Sun Microsystems with Andy Bechtolsheim, Bill Joy, and Scott McNealy. He left the firm after a few years to concentrate on being a venture capitalist.
Net worth: $2.1 billion USD
Age: 61 years
Kavitark Ram Shriram comes in next on our list with a net worth of $2.1 billion USD. His name rings a bell mostly because of his association with google where he was an early investor. Before that he worked closely with Jeff Bezos, the founder of Amazon, who is currently the richest man in the universe.
Kavitark Ram Shriram was born in Chennai, India. He came to the United States just after earning a bachelor’s degree in mathematics from Loyola College.
Shriram joined Netscape as an executive in 1994. He was subsequently worked his up to becoming president of Junglee, which was later bought by Amazon. In September of 1998, when Google was incorporated, Shriram invested $250,000 USD in the company. Google went on to become a huge success and is now the authority in all things internet.
Kavitark Shriram still retains his seat on the board of Google’s parent company, Alphabet.
Sherpalo is the company with which he invests in young technology startups.
Net worth: $2 billion USD
Age: 42 Years
Brian Niranjan Sheth, of Austin, Texas, and the republic of India comes in next on our list with his fortune in the region of 2 billion US Dollars. He has the distinction of being the youngest Indian American billionaire at just 42 years of age. He made his money by investing in several firms through his private equity and venture capital firm Vista Equity Partners. The company is based in Austin, Texas, and manages more than $30 billion of equity capital.
Brian Niranjan Sheth was born in Acton, Massachusetts. He obtained his bachelor’s degree from Wharton. His working career includes notable names such as Bain Capital, Goldman Sachs, and Deutsche Morgan Grenfell. He subsequently founded his own company Vista.
He co-founded Vista in the year 2000 with Robert Smith for whom he worked at Goldman Sachs. He was just 24 years old at the time.
Brian Niranjan Sheth, is very passionate about preserving the environment. He runs a foundation, along with his wife Adrian Sheth, which focuses on environmental issues.
Net worth: $1.8 billion USD
Age: 74 Years
John Kapoor comes next on our list with a personal fortune in the region of 1.8 billion USD. He was born in Amritsar, India, and spent his early years there.
John Kapoor came to the United States after obtaining a degree in pharmacy from Mumbai’s Institute of Chemical Technology. He then proceeded to earn a Ph.D. in medicinal chemistry from Buffalo in 1972.
John Kapoor owns about 70 percent of the shares of Insys Therapeutics, an opioid (palliative medicine) manufacturer.
His company makes the fentanyl spray Subsys. He currently lives in Phoenix, Arizona.
Net worth: $1.6 billion USD
Age: 44 years
Niraj Shah comes in next on our list with a fortune estimated at 1.6 billion USD. He is the co-founder and CEO of online home goods retailer Wayfair. Niraj Shah grew up in Pittsfield, Massachusetts. He co-founded Wayfair in 2002, with Steve Conine. The company went public in October 2014.
Net worth: $1.6 billion USD
Age: 52 years
Aneel Bhusri made his money from the business software company Workday.
Annel Bhusri was born in Pittsford, New York, and was educated at Brown University where he received a bachelor’s degree in electrical engineering. He went on to obtain his MBA from Stanford University.
Net worth: $ 1.3 billion USD
Age: 56 years
Jayshree Ullal is the only woman on this list of richest Indians in USA and the only Indian American woman on the Forbes billionaires club. She is president and CEO of computer networking firm Arista Networks, a position she has held since 2008.
Jayshree Ullal was born in London and raised in Delhi.
Net worth: $1.1 billion USD
Age: 65 Years
Bharat Desai co-founded Syntel, with his wife, Neerja Sethi, from their apartment in 1980. Today the company has more than 22,000 employees.
Bharat Desai, was born in Kenya and grew up in India. He obtained a BTech in electrical engineering from the Indian Institute of Technology, Bombay. He moved to the United States in 1976 to do an MBA at the University of Michigan.
Desai and Sethi happily live together in Fisher Island, Florida.
That’s all about the richest Indians in USA 2020.
Tag: Richest Indians In America