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Five Indian Americans are among the richest self-made women in the country, according to Forbes magazine’s eighth annual list of “Highly Successful Entrepreneurs, Managers and Entertainers.” While these women’s total fortunes marked her 6% decline from last year, Forbes noted that “the cutoff for admission has been reduced from her $225 million a year ago to her $215 million.” It also helped bring down to “Thirty-eight of the 100 list members are less valuable than they were in 2021, but 51 are wealthier, including seven newcomers and those who have returned to the ranks after previously falling. Including seven women.”
An Indian-American woman on the list is Jayshree Ullal, president and CEO of Arista Networks. Neerja Sethi, co-founder of Syntel. Neha Narkhede is the co-founder and former CTO of Confluent. Indra Nooyi, former CEO of PepsiCo, and Reshma Shetty, co-founder of Gingko Bioworks. Roofing and building materials billionaire Diane Hendricks made it to the top of the list for her fifth year in a row. Right behind her in second place is her Judy Faulkner, founder of Wisconsin-based electronic medical records company Epic Systems.
Leading Indian-Americans on the list are California-based Jayshree Ural Since 2008, he has led Arista Networks, a computer networking company. She owns about 5% of Arista’s shares, “a portion of which is allocated for her two children, her niece and nephew,” the magazine reports. In August 2018, Arista settled a multi-year patent infringement lawsuit with Ullal’s former employer, Cisco, agreeing to pay Cisco her $400 million. She joined the board of directors of Snowflake, her cloud computing company that went public in September 2020. With her estimated net worth of $1.9 billion, the London-born and raised in India is one of America’s richest female executives. She serves on the board of directors of Snowflake, a cloud computing company that went public in September 2020.
the next Urals Neerja SethiThe 67-year-old co-founded the IT consulting and outsourcing company Syntel with her husband Bharat Desai in 1980 from her Troy, Michigan apartment. Her French IT company Atos SE acquired her Syntel for her $3.4 billion in October 2018. Sethi, who had been an executive at Syntel since 1980, did not join Atos after the acquisition. She netted an estimated $510 million in her stake. She met her husband in the US while working at her pioneering IT company, Tata Consultancy Services. The couple started the business with just her $2,000 initial investment.
Software Engineer Neha Narkede37, Co-founded cloud company Confluent with two LinkedIns. The company helps organizations process large amounts of data with the open source messaging system Apache Kafka. This helped her develop when she worked at her LinkedIn. The $388 million (revenue) company went public in June 2021 at her $9.1 billion valuation. Born and raised in Pune, Narkhede and her family own about 8%.
Former Chairman and CEO of PepsiCo INdra Nooyi Employed for 24 years, retired in 2019 with half of them in top positions. As CEO, she blocked the PepsiCo split, nearly doubled sales, and introduced healthier products and greener practices. Her fortune stems from her stake given to her while she was working at PepsiCo. Nooyi said that in 2019 she joined Amazon’s board of directors. The 66-year-old Nooyi grew up in India and after earning her MBA from Yale University, in 2006 she became one of the few female CEOs of US companies.
Reshma ShettyThe 41-year-old co-founded Ginkgo Bioworks, a synthetic biotechnology company, in 2009 with four others, including her husband, Barry Canton, whom she met at MIT, where she earned her PhD. in biotechnology. Named after a dinosaur-era tree, the company uses data analytics and robotics to speed up the process of discovering and creating new creatures. Going public with her SPAC merger in September 2021. But the stock has fallen 80% from her November peak to mid-May 2022. As Covid-19 spread, the company opened a Boston facility to ramp up coronavirus research and testing. for illness.
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