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Three Indians among Forbes' Web billionaires

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Agencies

Posted: Sep 12, 2008 at 1420 hrs IST

New York, September 12: Three Indians, including Indiabulls' Sameer Gehlaut and Party Gaming founder Anurag Dikshit, have been named among the 34 innovators in the 'Web Billionaires' list by US magazine Forbes.

The internet boom has put 34 innovators on our list of world's richest, comprising a total networth of 109.7 billion dollar, the Forbes report said.

The list includes Google founders Sergey Brin and Larry Page with the highest networth of 18.7 billion dollar and 18.6 billion dollar, respectively.

Indiabulls' Sameer Gehlaut, the youngest self-made billionaire in India, with a networth of 1.2 billion dollar, has featured in the list.

Gehlaut had started an online brokerage firm Indiabulls with two college pals in 1999 and still heads the company and is its largest shareholder. The group has moved into real estate business and is further looking to expand into the power sector, the magazine stated.

Kavitark Ram Shriram, is another India-born innovator on the list, with a networth of 1.8 billion dollar and owns Indian job site Naukri.com. In 2007, Shriram had sold online classifieds site StumbleUpon.com to Ebay and at present backs Indian and US tech outfits -- 24/7 Customer, Frontline Wireless and Zazzle.com.

Online gambling firm, Party Gaming's Anurag Dikshit is the third Indian on the list, with 1.6 billion dollar of wealth. The magazine described Dikshit as " developmental engineer turned online gambling mogul."

Dikshit holds a degree in Computer Science and Engineering from Indian Institute of Technology, New Delhi. He had joined Party Gaming a year after its founder, American Ruth Parasol, had launched Starluck Casino on the Internet in 1997. Dikshit wrote company's betting software, which enables gamblers around the world to play one another in poker.

However, the company's stock is down since its 2005 peak due to new US laws banning financial groups from facilitating online bets and Dikshit had left its board but still holds a big stake.

Meanwhile, Ebay's Chief Executive Officer Meg Whitman, with a networth of 1.3 billion dollar, is the only woman in the list of 34 web billionaires.

Meg steered Ebay through the Internet boom and then bust by sticking with loyal trading communities. The company, which has moved beyond auctions, at present owns shopping.com and web-phone outfit Skype.

Meg sold eBay shares last year for the first time since 2003 and has announced plans to step down from CEO post in January 2009 and would stay on as chairman, the magazine stated.

Besides, others in the Web Billionaires list include Ebay's Chairman Pierre Omidyar, with a wealth of 7.7 billion dollar. Omidyar is now an active blogger philanthropic and finances small businesses in developing economies, besides donating to non-profit organisations.

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forbe list by dwarka on 12 Sep 2008

Is there a list of poors in india too. How many indians are included in the list?

New Indians in Billionaires club by Shamprasad on 12 Sep 2008

It feels great when more

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