By The SATimes News Service
The 2020 Forbes list of 400 Richest People in America has been topped by Bezos, 56 who has a net worth of $179 billion and has occupied the spot of the richest person in the US for the third year in a row.
Bill & Melinda Gates Foundation Cofounder Bill Gates is ranked second on the list with a net worth of $111 billion.
The richest people in the US saw their wealth swell despite the coronavirus pandemic’s devastated impact on the economy.
“Pandemic be damned: America’s 400 richest are worth a record $3.2 trillion, up $240 billion from a year ago, aided by a stock market that has defied the virus…Even in these trying times mega-fortunes are still being minted,” Forbes said.
The list has seven Indian-Americans – cybersecurity firm ZScaler CEO Jay Chaudhry, Founder and Chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, Managing Partner of Sherpalo Ventures Kavitark
Chaudhry, 61 is ranked 85th on the list with a net worth of $6.9 billion. He founded ZScaler in 2008 and the company went public in March 2018.
Forbes said in 1996, Chaudhry and his wife, Jyoti, both quit their jobs and put their life savings to start cybersecurity firm SecureIT, his first startup.
Wadhwani, 73 has been ranked 238th on the list and has a net worth of $3.4 billion.
On the 299th spot is Shah, 46, who has a net worth of $ 2.8 billion. Shah started the business in 2002 with Steve Conine, who is also a billionaire.
Wayfair, which now offers more than 18 million products, generated $9.1 billion in net revenue in 2019, up 35 per cent from the previous year, Forbes said.
Khosla, 65 is ranked 353rd with a net worth of $ 2.4 billion.
On the 359th spot is Shriram, 63, who has a net worth of $ 2.3 billion.
Gangwal, 67 is ranked 359th on the list and has a net worth of $ 2.3 billion.
On the 359th spot is Bhusri with a net worth of $ 2.3 billion.