How many indian billionaires in usa

Americans of Indian descent

"Asian Indians" redirects here. For people from India, see Indian people. For people from the Indian subcontinent, see Ethnic groups in South Asia.

Not to be confused with Native Americans in the United States or Indigenous peoples of the Americas.

Ethnic group

Indian Americans are people with ancestry from India who are citizens or permanent residents of the United States. The terms Asian Indian and East Indian are used to avoid confusion with Native Americans in the United States, who are also referred to as "Indians" or "American Indians". With a population of more than 5.1 million, Indian Americans make up approximately 1.47% of the U.S. population and are the largest group of South Asian Americans, the largest Asian-alone group, and the second-largest group of Asian Americans after Chinese Americans. Indian Americans have the highest median household income and the second highest per capita income (after Taiwanese Americans) among other Asian ethnic groups working in the United States.

Terminology

The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. As of April 2023, India has 167 billionaires, which put the country third in the world, after the United States and China.Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 14 consecutive years. He is currently world's 10th richest person in the world according to Forbes.Savitri Jindal is currently India's richest woman, topping the list at 6th position.

Top 25 richest Indians

The table below lists India's richest people as per their net worth published by the Forbes (April 2024).

Source: Forbes

Top 5 richest Indian women

Source: Forbes India

See also

References

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# 1. Jay Chaudhry (Net worth: $8.3 billion)

The CEO of Zscaler, Jay Chaudhry, was born in Panoh, a small town Himachal Pradesh without running water. Today, Chaudhry has the highest net worth of any Indian American in the US. His rise from a remote Himalayan town to Wall Street is a motivational tale of American Dreams. Chaudhry is one of the most successful Indian-origin businessmen in the San Francisco Bay Area’s cyber security industry.

#2. Vinod Khosla (Net worth: $5.3 billion)

Vinod Khosla’s net worth has increased from $2.3 billion in 2020 to $5.3 billion in 2022, thanks to a boost in his wealth. Khosla, a former co-founder of Sun Microsystems, is currently the second-richest Indian American, as per Forbes 2022. After graduating from Mount St. Mary’s School in New Delhi, he attended the IIT Delhi, before moving to Carnegie Mellon University, and Stanford Graduate School of Business.

#3. Romesh T. Wadhwani (Net worth: $5.1 billion)

His family shifted from Pakistan to India during the 1947 Partition. Today, Wadhwani is the richest Gujarati in America. The founder and CEO of Symphony Technology Group is a self-made serial entrepreneur. Based in California, Wadhwani has moved to the third rank among the richest Indian-origin American billionaires on Forbes 2022, as his net worth spiked to $5.1 billion, from $3.4 billion in 2020. Wadhwani, known a compassionate philanthropist, is an alumnus of IIT Bombay in electrical engineering and holds a PhD degree from Carnegie Mellon University.

#4. Rakesh Gangwal (Net worth: $4 billion)

Rakesh Gangwal was born in Kolkata. Now based in Miami, Florida, Gangwal has with a net worth of over $4 billion, which makes him the fourth richest Indian-origin American among the 400 billionaires in America, according to Forbes 2022. A former co

(Top) (From L to R): Rajiv Jain, founder, GQG Partners; Romesh T Wadhwani, chairman, Symphony AI. (Bottom) (From L to R): Vinod Khosla, founder, Khosla Ventures; Jay Chaudhry, CEO, Zscaler. Image (Vinod Khosla): Kim Kulish/Corbis via Getty Images

The wealthiest individuals in the US have seen their wealth increase by $500 billion compared to a year ago, according to Forbes, due to a resurgence in the stock markets and a surge in the AI (artificial intelligence)-driven technology sector. Their collective wealth stands at $4.5 trillion, matching the previous record set in 2021. The minimum wealth required to join the elite club has risen to $2.9 billion, up from $2.7 billion last year, reaching an all-time high.

Elon Musk retains the top spot on the Forbes 400 Richest Americans list with an estimated net worth of $251 billion, the same as the previous year, despite a tumultuous year that included his costly acquisition of Twitter and a decline in Tesla's stock value. Musk's wealth surpasses that of Jeff Bezos, who is in second place by $90 billion, and Larry Ellison who’s ranked third by $93 billion.

There are 18 newcomers on the list. The most notable among them is basketball legend Michael Jordan with an estimated net worth of $3 billion, making him the first professional athlete to make it to the Forbes 400 list. The richest new member this year is Elisabeth DeLuca, with an estimated net worth of $8.2 billion, who inherited a 50 percent stake in Subway in August.

Among those who dropped off the list are Donald Trump, whose social media platform and commercial real estate holdings are struggling; Evan Spiegel and Bobby Murphy, who have witnessed a decline in the value of their Snap Inc stock; and Sam Bankman-Fried and Gary Wang, who are facing federal fraud charges following the collapse of their cryptocurrency empire last autumn.

The youngest member of the Forbes 400 is