360° Coverage : Three Indian-Americans among America's 400 richest

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Three Indian-Americans among America's 400 richest
Photo Credit: Neilson Barnard, Getty Images

Three Indian-Americans among America's 400 richest

Sep 16 2013, 11:30pm CDT | by IANS

Washington, Sep 17 (IANS) Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year, at $72 billion.

Washington, Sep 17 — Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year,...

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50 weeks ago

Three Indian-Americans among America's 400 richest

Sep 16 2013, 11:30pm CDT | by IANS

Washington, Sep 17 (IANS) Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year, at $72 billion.

Washington, Sep 17 — Three Indian-Americans figure among America's 400 richest people with Microsoft co-founder Bill Gates retaining the top spot on the Forbes list for the twentieth straight year, at $72 billion.

Up $6 billion from 2012, Gates is once again the world's richest person, having passed Mexico's Carlos Slim in May.

Topping the Indian-American list was Florida outsourcer Bharat Desai & family with a net worth of $2.2 billion in the 252nd position. He was followed California software manufacturer Romesh T Wadhwani with a net worth of 2.1 billion. California venture capitalist Vinod Khosla was ranked 352 with a net worth of $1.5 billion

Investor Warren Buffett, the second richest is the biggest dollar gainer this year at $58.5 billion, up $12.5 billion from last year.

Oracle co-founder Larry Ellison at number three, worth $41 billion, is the same as last year; he is the only one in the Top 10 who did not add to his fortune.

FaceBook founderMark Zuckerberg was the second biggest gainer at $9.6 billion. He returns to the Top 20 (number 20) at $19 billion after dropping to 36th position last year.

The combined wealth of the Forbes' 2013 ranking of the richest people in America is $2 trillion, up from $1.7 trillion in 2012 and the highest ever, due in part to the strength of both the US stock and real estate markets.

The average net worth of a Forbes 400 member is a staggering $5 billion, the highest to date, up from $4.2 billion last year. Net worth increased for 314 members, and decreased for 30 members.

IANS

Source: IANS

 
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6 days ago

Burger King’s Move To Canada Sparks Customer Backlash, Boycott Threats

Aug 26 2014 8:16am CDT | Source: ThinkProgress

Workers strike outside an Atlanta Burger King on May 15 as part of a nationwide push to force changes in fast food industry practices. CREDIT: Rebecca Leber Burger King’s plan to buy Canadian coffee chain Tim Horton’s and relocate over the border to reduce its U.S. tax liability isn’t going over well with some of the fast food store’s customers. Instead of the usual chatter on Burger King Facebook posts, recent updates on the company’s social media page have drawn dozens ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
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10

2 weeks ago

A Progressive Way to End Corporate Inversions

Aug 18 2014 12:23pm CDT | Source: Politics - The Huffington Post

We are justly outraged by efforts of large corporations such as Chiquita or Eaton to avoid taxes by renouncing their U.S. "citizenship" or other legal shenanigans. But, the president's efforts to fix would just make the tax code more complex. It would be better to scrap corporate taxes altogether. To offset the impact of dispensing with corporate taxes, we should make changes to individual tax ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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9

5 weeks ago

The Koch Brothers' Agenda and the Real War at Home

Jul 24 2014 5:50pm CDT | Source: Politics - The Huffington Post

Two of the richest men in the entire world are plotting to dominate our elections this fall, from congressional races to school board seats. Their scheming to shove America further to the far right should be a serious wake-up call for anyone who cares about our nation's soul. As Charles and David Koch promised their billionaire buddies, they've assessed how the quarter billion dollars they helped raise and spread across the country failed spectacularly in the 2012 elections. ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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8

5 weeks ago

White House To Propose New Rules For Crude Oil Rail Shipments

Jul 23 2014 10:08am CDT | Source: ThinkProgress

Crude oil train CREDIT: AP Photo Bloomberg reports the Obama Administration will propose new rules for transporting crude oil by rail Wednesday, aimed at reducing speeds and requiring sturdier tanker cars. The rules are a reaction to a spate of derailments and explosions that have plagued the rail transportation of crude oil in North America recently, as the drilling and tracking boom has driven the amount of crude oil hauled by train to new heights. ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
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7

5 weeks ago

5 happiest cities in U.S. all in 1 state

Jul 22 2014 1:47pm CDT | Source: WND

(IJREVIEW) — Other “abnormally happy” cities include Charlotte, NC, and Naples, FL. Is it just me, or is there a pattern here, and does it have something to do with southern cities? The study examined why unhappy cities continue to see such population growth. If we choose only that which maximized our happiness, then individuals would presumably move to happier places until the point where rising rents and congestion eliminated the joys of that locale. An alternat ...
Source: WND  Full article at: WND
 

 
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5 weeks ago

Layoffs Prove the Deceit of Amnesty

Jul 22 2014 11:31am CDT | Source: Big Government

The shocking announcement that Microsoft is cutting 18,000 jobs is still sinking in. Most of those employees do not have a realistic chance of obtaining as good a job as the one they are losing. In the United States, the number of engineering jobs has been sharply declining. In 2002 the number of electrical engineering jobs in the United States was 385,000, but despite increased demand for technology, the job total dropped to only 300,000 last year. And th ...
Source: Big Government   Full article at: Big Government
 

 
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4

6 weeks ago

Layoffs prove the deceit of amnesty

Jul 21 2014 5:53pm CDT | Source: WND

The shocking announcement that Microsoft is cutting 18,000 jobs is still sinking in. Most of those employees do not have a realistic chance of obtaining as good a job as the one they are losing. In the United States, the number of engineering jobs has been sharply declining. In 2002, the number of electrical engineering jobs in the United States was 385,000, but despite increased demand for technology, the job total dropped to only 300,000 last year. And that nu ...
Source: WND  Full article at: WND
 

 
Update
3

6 weeks ago

Elizabeth Warren to La Raza: 'Get Louder' for Amnesty 'Against' Lobbyists Who Back It

Jul 21 2014 4:08pm CDT | Source: Big Government

Lobbyists on both sides of the aisle may not agree more on an issue than the need for amnesty legislation. But Sen. Elizabeth Warren (D-MA) told La Raza's annual conference that they should "get louder" to fight "lobbyists" to get amnesty legislation. Claiming that comprehensive amnesty legislation would also "stabilize" America's Social Security system, Warren told the crowd in Los Angel ...
Source: Big Government   Full article at: Big Government
 

 
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2

6 weeks ago

Modern life is certainly uncertain

Jul 18 2014 7:10pm CDT | Source: WND

“All the world’s a stage, and all the men and women merely players: they have their exits and their entrances; and one man in his time plays many parts, his acts being seven ages.” – William Shakespeare Modern life has its ways of reminding us that we are not here forever – whether traveling in a big spam can at 33,000 feet over the earth’s surface, talking on our cell phone and failing to look before stepping out to cross a busy city street, or gulping tw ...
Source: WND  Full article at: WND
 

 
Update
1

6 weeks ago

Microsoft to Slash 18,000 Jobs Week After Bill Gates Pushed for Unlimited Guest-Worker Visas

Jul 17 2014 2:19pm CDT | Source: Big Government

On Thursday, a week after former Microsoft CEO Bill Gates argued for amnesty and for an unlimited number of high-tech guest-worker visas, Microsoft announced it would slash 18,000 jobs. Microsoft CEO Satya Nadella promised his employees that "we will go through this process in the most thoughtful and transparent way possible." Analysts told USA Today that the number being let go was "larger than expected." The "vast majority" of employ ...
Source: Big Government   Full article at: Big Government
 

 

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