Premji owns 78 percent of Bangalore-based Wipro, India's third-largest software exporter. His technology company employs more than 100,000 people and has annual revenue of more than $7.7 billion. He also owns a private equity fund, PremjiInvest—which manages his $1 billion personal portfolio—and stakes in JM Financial and Himatsingka Seide.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Shares of Wipro Ltd., India’s third- largest software exporter, are poised for their biggest daily gain in almost two months after the company agreed to separate its consumer care and lighting businesses.
Azim Premji, chairman of Wipro Ltd., India’s third-largest software-services provider, has invested $15 million in billionaire Vinod Khosla’s clean-tech fund for his first overseas investment, the Economic Times reported, citing people it didn’t identify.
Indian companies may delay share sales valued at about 400 billion rupees ($7.6 billion) after a government official said the regulator plans to extend a deadline for owners to trim their holdings amid a market slump.