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Money > Business Headlines > Report September 29, 2001 |
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3 Indians in Forbes 400 richest Americans' listEla Dutt Even as Dallas-based software company i2 Technologies' stock price nosedived, chief executive officer Sanjiv Sidhu is flying high. Having sold his shares in the nick of time, he finds himself among the three Indian Americans on the latest Forbes 400 Richest People in America list.
Khosla and Sidhu are each worth a billion dollars, while Bose's wealth is estimated at $700 million. A former member of the Indian national sailing team, Sidhu is now into surfing and says, "The world is getting more and more exciting." Sidhu, who graduated from Osmania University in Hyderabad, India, did his masters from Oklahama State University, said. Vinod Khosla, on the other hand, has seen some of his investments take a hit, but the co-founder of Sun Microsystems remains unfazed. "What we saw in the last 10 years is peanuts compared to what we'll see in the next 10!" he told Forbes. Predictably, Bill Gates, 45, of Microsoft continues to top the list with a net worth of $54 billion. Following him are investment guru Warren Buffet, 72, of Berkshire Hathaway ($33.2 billion); Paul Allen, 48, Gates's one-time partner ($28.2 billion); Larry Ellison, 57, of Oracle ($21.9 billion); and Alice Walton, 52, of Wal-Mart ($17.5 billion). Khosla, married with four children, lives in Menlo Park, California. He is a graduate of Carnegie Mellon University with a Masters from Stanford Business School. Forbes previously ranked him 243rd and 274th on its 1999 and 2000 list of 400 Richest respectively. He is also on the magazine's 2001 World's Richest, ranked 490th. Last year, Sidhu, married with two children, was ranked 24th in the Forbes 400 Richest list besides being on the World Richest list. He was also named among the 800 Best Paid CEOs in both 2000 and 2001. Bose, who established his company in 1964 and got his first contracts from the United States military and NASA, is credited with introducing the first factory-installed car stereo system in 1982. The MIT graduate, married and with two children, was ranked 384th in the magazine's 1999 list of 400 Richest Americans. Bose Technologies, one of the world's largest manufacturers of home hi-fi speakers, was listed by Forbes in its 500 Largest Private Companies in 2000. YOU MAY ALSO WANT TO READ:
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