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Five South Asian Americans are among the richest Americans, according to the Forbes 400. The list includes Indian-Americans Jay Chowdhury, Vinod Khosla, Romesh T. Wadwani, Rakesh Ganwal and Pakistani-American Shahid Khan.
“After 2021 hits hard, the U.S.’s 400 richest people, along with many Americans, have been hit by rising inflation and falling markets,” says Forbes. ‘s Forbes 400 are $500 billion less than they were a year ago.Their total net worth is $4 trillion, down 11% from last year.”
Elon Musk debuted at the top of the list, “despite turmoil in both his professional and personal life. He was hit by a 27% drop in Amazon stock.” Bill Gates, who replaced him, moved up to third place “despite giving $20 billion to his foundation earlier this year.”
Leading the list of South Asian Americans shahid khan Ranked 56th, he has a net worth of $11.2 billion. Shahid Khan, an engineer by trade, acquired his Flex-N-Gate auto parts supplier from his former employer in 1980. One Piece Truck His bumper design was the cornerstone of his success. The company currently has 69 factories worldwide and employs more than 26,000 people. He also owns the Jacksonville Jaguars of the NFL, which he bought in 2012, and the English Fulham football club, which he bought in 2013. He and his son Tony launched professional wrestling his entertainment company and WWE rival All Elite Wrestling in 2019. He is the primary financial backer of Black News Channel, his 24-hour cable news channel, which was launched in February 2020.
the next khan Jay Chaudry, CEO of Zscaler, the richest Indian-American with a net worth of $8.2 billion, according to Forbes.Founded by Chaudhry
He and his family own 42% of Nasdaq-listed companies that went public in March 2018. Before Zscaler, Chaudhry founded his four other technology companies: SecureIT, CoreHarbor, CipherTrust and AirDefense. In 1996, Chaudhry and his wife Jyoti quit their jobs and used the money they saved to launch his first startup, the cybersecurity company SecureIT. He moved to the United States to attend graduate school in his 1980s and now lives in Nevada, away from the Bay Area.
Venture capitalist with a net worth of $5.2 billion Vinod Khosla 181th place. He is the founder of his Khosla Ventures, which invests in experimental technologies such as biomedicine and robotics. The company has had exits in 2020 and his early 2021 with the IPOs of Affirm and DoorDash and the SPAC listings of QuantumScape and Opendoor. In addition, he founded his computer hardware company Sun Microsystems in 1982, where he co-founded with Andy Bechtolsheim, Bill Joy, and Scott McNealy. Khosla launched his own fund after his 18 years at his venture capital firm, Kleiner Perkins Caufield & Byers (now his Kleiner Perkins).
Romesh T. Wadwani, founder and chairman of Symphony Technology Group, ranked 196th with a net worth of $5.1 billion.. Earlier this year, he stepped down as CEO of SymphonyAI. He is also chairman of ConcertAI, his science-focused AI company focused on healthcare and life, which he ventured into in March 2022, valued at $1.9 billion by his capital investors. . After graduating from the Indian Institute of Technology, he went to Carnegie where he attended Mellon University and earned his PhD. in electrical engineering in 1972; The serial entrepreneur then founded Aspect Development in 1999, which i2 Technologies acquired for his $9.3 billion stake.
Richest Indian-Americans include airline veterans Rakesh GanwarHe made his fortune with InterGlobe Aviation, the parent company of India’s largest market share low-cost carrier, IndiGo. He co-founded his IndiGo in 2006 with his friend Rahul Bhatia and his one aircraft, headquartered outside Delhi. The Miami resident owned and served on his nearly 37% of the company’s board. Gangwal began his airline career in 1984 with United Airlines and later served as CEO and Chairman of the US Airways Group. He stepped down from the company’s board in February and said he would gradually sell his holdings over the next five years.
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