Chenni-born tech billionaire tops Asia's wealthiest under-40 list

Last Updated: Tue, May 12, 2015 13:25 hrs

Chennai-born tech billionaire Arun Pudur has been ranked as Asia's wealthiest entrepreneur under the age of 40, according to the Wealth-X list released on Monday.

The global wealth intelligence and prospecting company said Pudur, the owner and president of software firm Celframe, topped the list with a personal fortune of US $4 billion.

Pudur, 37, founded Celframe in 1998 after graduating from university, and the software firm now produces the world's second most popular word processor after Microsoft.

He also has assets tied up in diversified businesses in the fields of mining and real estate, Wealth-X said.

Arun Pudur on being born for greatness:

"My father always used to talk about us being Tirupathi Iyengars, one of the three families, who were the high priests at Tirumala. Though we never managed the temple, we always knew greatness was within us. My mother always used to say that I was the lucky one in the family. After I was born, my father’s career skyrocketed. He passed away just three months ago. My mother always instilled in me that I was born for greatness" - Read the full Deccan Herald interview here

Pudur is followed by Zhou Yahui of China at the second place with a net worth of US $2.2 billion.

The Chinese dominated the list with six entrepreneurs in the top 10, while Japan had three.

Nine of the self-made billionaires on the Wealth-X top 10 list amassed fortunes from the technology sector.

The only exception is 35-year-old Zhang Bangxin from China, who made his wealth from tutoring services company TAL Education Group.

Zhang's estimated networth of US $2.2 billion puts him in the third spot on the list.

The youngest entrepreneur on the list is 32-year-old Leo Chen, who is the chairman and CEO of Jumei International Holding, one of China's largest online cosmetics retailers.

Economic Times Interview: Arun Padur on money, favourite failure and his ultimate goal in life

Chen became a billionaire after Jumei's listing at the New York Stock Exchange in May 2014, the report said.

Others on the list include Yao Jinbo of China with a fortune of US $2.2 billion ranked 4th on the list, followed by He Zhitao (5th, net worth of USD $billion), Naruatsu Baba (6th, US $1.6 billion), Kenji Kasahara (7th, US $1.5 billion), Yusaku Maezawa (8th, US $1.3 billion), Pang Shengdong (9th, US $1.2 billion).



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