Business

Two Indian-origin women on Forbes list of America’s richest self-made women

The combined net worth of the 60 women on the list is a record $71 billion.

New York: Indian-origin technology executives Jayshree Ullal and Neerja Sethi have made it to the Forbes’ list of America’s 60 richest self-made women, along with 21-year-old reality-TV star and entrepreneur Kylie Jenner the youngest to be featured in the list.

The number one spot, however, goes to Diane Hendricks, a Wisconsin billionaire who owns ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America.

Jayshree V Ullal, 57

  • Ullal ranked 18th in the list of 60 self-made women, having a net worth of 1.3 billion dollars.
  • She is the president and CEO of Arista Networks, a cloud networking company responsible for the deployment of 10/40/100 Gigabit Ethernet networking in the data center.
  • The publicly-traded company recorded revenues of $1.6 billion in 2017.
  • Ullal was born in London, and raised in New Delhi, through her schooling years. She eventually attended San Francisco State University where she graduated with a BS in engineering (electrical).
  • She went on to Santa Clara University where she received a master’s degree in engineering management.
  • Forbes said Ullal owns about 5% of Arista’s stock, some of which is earmarked for her two children, niece and nephew.
  • She has been awarded for her achievements several times, including the most recent World’s Best CEOs: Growth Leaders 2018.

Neerja Sethi, 63

  • Sethi is ranked 21st with a net worth of a billion dollars.
  • She is the vice president of IT consulting and outsourcing company Syntel.
  • Sethi co-founded IT consulting and outsourcing company Syntel with her husband, billionaire Bharat Desai, in 1980 in their apartment in Troy, Michigan.
  • Starting out with an initial investment of just $2,000, they pulled in a mere $30,000 in first-year sales. Syntel racked up $924 million in 2017 revenues and has 23,000 employees, 80% of whom are in India, Forbes said.
  • Sethi served as Syntel’s treasurer during its first 16 years of operations and is currently the vice president of corporate affairs, a role she has had since the company’s inception, Forbes said.

“America’s top female entrepreneurs have shattered ceilings and scaled new heights, creating companies and building fortunes in everything from genetic testing to aerospace. Increasingly these self-made starters are tapping social media to cement their brands and build businesses ever more quickly. That in turn has helped the nation’s most successful women become richer than ever before,” Forbes said.

The combined net worth of the 60 women on the list is a record $71 billion, 15% more than it was in 2017. The minimum net worth to make Forbes’ fourth annual ranking of these top women jumped 23% to a record $320 million.

(With agency inputs)

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