02 September 2008

Azim Premji - Fobs - The World's Indian Billionaires

#60 Azim Premji

Age: 62

Fortune: inherited and growing

Source: software

Net Worth: $12.7 bil

Country Of Citizenship: India

Residence: Bangalore , India, Asia & Australia

Industry: Technology

Marital Status: married, 2 children

Education: Stanford University, Bachelor of Arts / Science
After father's sudden death Premji, then 21, took over family's cooking fat cooking oil company. Has since transformed Wipro into $3.5 billion (sales) technology services giant. Stock of Wipro, which gets 80% of its sales overseas, hit lately by appreciating rupee. Unfazed, acquired outsourcing firm Infocrossing; bought Southeast Asian personal care products outfit Unza; opened software development center in Mexico and outsourcing center in the Philippines. Son Rishad, Harvard Business School grad, started at Wipro last July, setting off speculation about succession plans.

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