Forbes billionaires list includes 10 Indian Americans

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Forbes released their recent list of The World’s Billionaires on March 6, which features 10 Indian Americans.

The richest one on the list is Rakesh Gangwal, the co-founder of the airline Indigo and is worth $3.3 billion, after he made an extra $1.2 billion in the past year.

The second richest is Romesh T. Wadhwani, an IT entrepreneur and philanthropist with a net worth of $3.1 billion, who ended up topping the list last year.

Forbes recent list has a record of 2,208 members including two new Indian Americans, Niraj Shah who is worth $1.6 billion and Jayshree Ullal who is worth $1.3 billion.

Shah is the CEO and co-founder of Wayfair while Ullal is the CEO of Arista Networks.

Other Indian American billionaires who are on the list include Vinod Khosla ($2.3 billion), Google investor Kavitark Ram Shriram ($2.1 billion), Vista Equity Partners cofounder Brian Sheth ($2 billion), pharmaceutical executive John Kapoor ($1.8 billion), software executive and investor Aneel Bhusri ($1.6 billion) and Syntel co-founder Bharat Desai ($1.1 billion).

Sheth is the youngest Indian American billionaire on the list whose wealth went up by $900 million, while Khosla’s net worth increased by $700 million.

The combined net worth of Indian American billionaires is $20.2 billion and the richest Indian American of all is Shahid Khan, the owner of the Jacksonville Jaguars, with net worth of $7.2 billion.