What is Romesh T. Wadhwani's Net Worth?
Romesh T. Wadhwani is an American billionaire who has a net worth of $2.5 billion. He first entered the world's richest rankings when he sold his software company Aspect Development Capital to i2 Technologies for $9.3 billion in stock in the period of the dot-com boom. But when the so-called tech bubble burst and i2 shares flopped, Wadhwani lost most of his net worth. Next, he invested $250 million in the inception, acquisition or construction of manifold IT companies, now known as Symphony Technologies Group, which he chairs. That move secured him place on the billionaires list once again in 2010. Wadhwani's STG hold a combined $2 billion fortune in revenues and it employees over 14,000 people.
Romesh T. Wadhwani earns the credits for the company's vast expansion as he had only a few dollars when he came to the States in 1969. He first graduated from the Indian Institute of Technology in Mumbai and then he acquired a Ph.D. in electrical engineering at Carnegie Mellon. With his Wadhwani Foundation, which has over $100 million in assets, he intends to accelerate economic development and job creation in India, supporting skills development colleges for young adults and entrepreneurship networks at Indian universities. Today, Wadhwani is one of the billionaires who have signed Bill Gates' and Warren Buffett's Giving Pledge and sits on the boards of the Kennedy Center and the Center for Strategic and International Studies.
