Forbes India Rich list: Azim Premji drops from 2nd to 17th position after huge donation to charity
Forbes India Rich List 2019: Wipro founder and tech tycoon Azim Premji who gave a substantial portion of his fortune in March this year saw his net worth plunge to $7.2 billion from $21 billion last year.
- Oct 11, 2019,
- Updated Oct 11, 2019 2:36 PM IST
Wipro founder and tech tycoon Azim Premji has dropped to 17th spot from the second position on Forbes India Rich List after giving away a substantial portion of his fortune to charity. Premji saw his net worth plunge to $7.2 billion from $21 billion last year.
"In all, 14 were poorer by $1 billion or more, and nine members from last year's ranks dropped off. More than a third of that decline was due to the remarkable largesse of tech tycoon Azim Premji, who gave away a chunk of his fortune in March and consequently dropped in the ranks to No. 17 from No. 2," Forbes said.
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Wipro founder and tech tycoon Azim Premji has dropped to 17th spot from the second position on Forbes India Rich List after giving away a substantial portion of his fortune to charity. Premji saw his net worth plunge to $7.2 billion from $21 billion last year.
"In all, 14 were poorer by $1 billion or more, and nine members from last year's ranks dropped off. More than a third of that decline was due to the remarkable largesse of tech tycoon Azim Premji, who gave away a chunk of his fortune in March and consequently dropped in the ranks to No. 17 from No. 2," Forbes said.
Also Read:
Also Watch: Mukesh Ambani is India's richest man; Azim Premji comes in second