Indian-Americans are not only climbing the corporate ladder but also taking the elevator to the richie rich club, leaving behind many US corporate moguls, including those from Starbucks, eBay and Motorola. Google Inc founder-director Kavitark Ram Shriram and Bose Corporation chairman Amar Gopal Bose have moved up the rankings in the Forbes list of 400 richest Americans.
Accoustics pioneer Mr Bose and tech wizard Mr Shriram are tied at the 242nd position in the list, ahead of Margaret C Whitman, president and CEO of eBay Inc; Howard S Schultz, chairman of Starbucks and Hilton Hotel chairman William Barron Hilton. Mr Bose and Mr Shriram, who are now US citizens and worth $1.5 billion each, have beaten Rober William Galvin of Motorola, Robert Drayton McLane Jr of Wal-Mart and Roy Edward Disney of Walt Disney.
While Mr Shriram had entered the list at 258 in 2005, for Mr Bose (ranked 283 in 2005) it is the fifth year in a row on the Forbes 400 list. The net worth of Mr Shriram and Mr Bose have grown to $1.5 billion each from $1.3 billion and $1.2 billion, respectively, last year.
The feat achieved by Mr Bose and Mr Shriram comes close on the heels of four Indian expats — Murli Kewalram Chanrai, Mustaq Ahmad, Sudhir Gupta and Kartar Singh Thakral — making to the Singapore’s richest 40 list compiled by the same magazine.
Forbes said that billions of dollars accumulated by Mr Shriram, a founding board member of Google, are either self-made or are from technology business. Mr Shriram, 50, was born and did schooling in Madras, now Chennai, and currently lives in California. He grabbed the limelight first with creation of shopping software solution Junglee, which he later sold to Amazon in 1998.
http://economictimes.indiatimes.com/articleshow/2019154.cms
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Accoustics pioneer Mr Bose and tech wizard Mr Shriram are tied at the 242nd position in the list, ahead of Margaret C Whitman, president and CEO of eBay Inc; Howard S Schultz, chairman of Starbucks and Hilton Hotel chairman William Barron Hilton. Mr Bose and Mr Shriram, who are now US citizens and worth $1.5 billion each, have beaten Rober William Galvin of Motorola, Robert Drayton McLane Jr of Wal-Mart and Roy Edward Disney of Walt Disney.
While Mr Shriram had entered the list at 258 in 2005, for Mr Bose (ranked 283 in 2005) it is the fifth year in a row on the Forbes 400 list. The net worth of Mr Shriram and Mr Bose have grown to $1.5 billion each from $1.3 billion and $1.2 billion, respectively, last year.
The feat achieved by Mr Bose and Mr Shriram comes close on the heels of four Indian expats — Murli Kewalram Chanrai, Mustaq Ahmad, Sudhir Gupta and Kartar Singh Thakral — making to the Singapore’s richest 40 list compiled by the same magazine.
Forbes said that billions of dollars accumulated by Mr Shriram, a founding board member of Google, are either self-made or are from technology business. Mr Shriram, 50, was born and did schooling in Madras, now Chennai, and currently lives in California. He grabbed the limelight first with creation of shopping software solution Junglee, which he later sold to Amazon in 1998.
http://economictimes.indiatimes.com/articleshow/2019154.cms
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