scorecardresearch
Follow Us:
Friday, August 19, 2022

Three Indian-origin women among America’s richest self-made women: Forbes

President and CEO of computer networking firm Arista Networks Jayshree Ullal, co-founder of IT consulting and outsourcing firm Syntel Neerja Sethi and CTO and co-founder of streaming data technology company Confluent Neha Narkhede are in the list.

forbes, forbes list, forbes list of richest self-made women, indian-american richest women forbes list, indian-american forbes list, forbes list indian-american, us news, Neerja Sethi, Neha Narkhede, Jayshree Ullal, (Left to right) Neerja Sethi; Neha Narkhede; Jayshree Ullal.

Three Indian-origin women have been named by Forbes among America’s 80 richest self-made women, the “ceiling crashers” and “overachievers” blazing their own trails as they create new businesses and amass fortunes.

President and CEO of computer networking firm Arista Networks Jayshree Ullal, co-founder of IT consulting and outsourcing firm Syntel Neerja Sethi and CTO and co-founder of streaming data technology company Confluent Neha Narkhede are in the Forbes list of ‘America’s Richest Self-Made Women 2019′.

The list has been topped by Diane Hendricks, who chairs ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America. The 72-year old has a net worth of USD 7 billion.

Ullal, who has been ranked 18th in the list, has a net worth of USD 1.4 billion. The 58-year old owns about 5 per cent of Arista’s stock.

Subscriber Only Stories
UPSC Key-August 19, 2022: Why you should read ‘RBI and Inflation’ or ‘Lor...Premium
‘Bridgerton’ season 2 star Charithra Chandran on why she may ...Premium
Newsmaker | Syed Shahnawaz Hussain, the giant killer and youngest Union C...Premium
Explained: The CBI’s Delhi excise casePremium

“Born in London and raised in India, she is now one of America’s wealthiest female executives,” Forbes said.

Sethi, ranked 23rd, cofounded Syntel with her husband Bharat Desai in 1980 in their apartment in Troy, Michigan with an initial investment of just USD 2,000.

Her current net worth is one billion dollars. French IT firm Atos SE bought Syntel for USD 3.4 billion in October 2018 and Sethi, 64, got an estimated USD 510 million for her stake.

Advertisement

Narkhede is ranked 60th on the list with a networth of USD 360 million. Confluent, which is currently valued at USD 2.5 billion, counts Goldman Sachs, Netflix and Uber as customers.

As a LinkedIn software engineer, Narkhede, 34, helped develop Apache Kafka to handle the networking site’s huge influx of data and in 2014, she and two LinkedIn colleagues founded Confluent to build tools for companies using Apache Kafka, which became open source in 2011, Forbes said.

The list also includes media mogul Oprah Winfrey ranked 10, Facebook’s Chief Operating Officer (12), reality TV star Kylie Jenner (23), fashion designer Tory Burch (29), pop stars Rihanna (37) and Madonna (39), singer Beyonce (51), author Danielle Steel (56), TV show Ellen DeGeneres (63) and tennis star Serena Williams on the 80th spot.

Advertisement

Forbes said more women are creating new businesses and amassing fortunes than ever before, leading it to expand its ranking of the nation’s wealthiest self-made women to 80 ceiling crashers, one third more than a year ago.

“Each of these overachievers has blazed her own trail,” it said.

List members range in age from 21 to 92, and are worth a combined USD 81.3 billion. The minimum net worth to make Forbes’ fifth annual ranking of these women is USD 225 million. A record 25 are billionaires, one more than last year. Nearly half, or 38, live in California, followed by New York with 9. Nineteen were born outside of the US, in countries spanning Burma to Barbados.

First published on: 08-06-2019 at 12:17:49 am
Next Story

French Open 2019: Novak Djokovic vs Dominic Thiem French semis to resume on Saturday

0 Comment(s) *
* The moderation of comments is automated and not cleared manually by indianexpress.com.

Featured Stories

Advertisement
Advertisement
Advertisement
Advertisement