Top 10 Indian-origin billionaires in the United States (2025): India overtakes Israel as top source of foreign-born billionaires
Roughly one-third of them reside in the United States of America, 14 per cent of whom are foreign-born, collectively holding wealth worth $1.3 trillion.
According to Forbes, about 93 per cent of these foreign-born billionaires are self-made, with the majority building their fortunes in technology (53 billionaires) and finance (28 billionaires).
Notably, three of the world's top ten billionaires are foreign-born: Elon Musk (originally from South Africa), Google cofounder Sergey Brin (Russia), and NVIDIA CEO Jensen Huang (Taiwan).
Indian-origin entrepreneurs continue to rise as major players in the US economy. The number of Indian-origin billionaires in the United States has more than doubled from five in 2022 to twelve in 2025.
India now ranks as the top country of origin for foreign-born billionaires in the US, overtaking Israel, according to the latest Forbes list.
Jay Chaudhry, founder and CEO of cybersecurity firm Zscaler, leads the group, ranking eighth with a net worth of $17.9 billion (Rs 1,790 crore, approximately).
The 2025 list also features several high-profile additions, including Alphabet CEO Sundar Pichai, Microsoft CEO Satya Nadella, and Nikesh Arora, CEO of Palo Alto Networks since 2018.
Source: Forbes' America's Richest Immigrants 2025
Source: Forbes' America's Richest Immigrants 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
14 minutes ago
- Indian Express
Elon Musk's AI accused of making explicit videos of Taylor Swift, Sydney Sweeney without being prompted after enabling NSFW ‘Spicy Mode'
Elon Musk's new AI video tool, Grok Imagine, is under fire for churning out explicit fake videos of celebrities like Taylor Swift, even without being prompted for sexual content. According to a BBC report, this new feature is making 'a deliberate choice' to create NSFW clips of the singer and other stars, including Scarlett Johansson, as flagged by an online abuse researcher. The outrage exploded after The Verge tested Grok's 'spicy' mode. 'This is not misogyny by accident, it is by design,' said Clare McGlynn, a law professor working to make pornographic deepfakes illegal. The update has been slammed online, with many warning about the dangerous territory these models could lead users into if left unchecked. Also read: Elon Musk reacts as Indian-origin partner Shivon Zilis turns son's drawing into animated video using Grok: 'That's museum art' Grok Imagine rolled out this week for Apple users and went viral within minutes. According to Musk, the first launch racked up around 34 million images in just 48 hours. Available through the $30 SuperGrok subscription, the tool lets users create still images from text prompts, which can then be turned into videos using four options: 'Custom,' 'Normal,' 'Fun,' and 'Spicy.' While testing the feature, Verge's Jess Weatherbed prompted, 'Taylor Swift celebrating Coachella with the boys,' expecting harmless party shots. Grok delivered an image of the singer in a dress, standing behind a group of guys. But when she tried generating an animated video, the AI made explicit content instead. She stressed she never asked for nudity, only clicked the 'spicy' setting. 'It was shocking how fast I was met with it. I never told it to remove her clothing — all I did was select 'spicy.'' Also read: Jimmy Fallon mocks Donald Trump's tariffs on India; jokes about Putin meeting POTUS: 'Building a ballroom to meet Sydney Sweeney' The real problem with this tool is that in countries like the UK, the law now requires platforms hosting explicit content to carry out proper age verification, and Grok didn't. All it asked for was a date of birth. No proof. No checks. That's a direct violation. Professor Clare McGlynn stressed this wasn't some random glitch. She pointed out Musk's team could have removed the feature entirely, particularly after the January 2024 incident when sexual deepfakes of the Cruel Summer singer went viral online, racking up millions of views before X finally stepped in and temporarily blocked searches for her name. And it's not just Taylor Swift, Deadline and Gizmodo tested Grok with other stars. Scarlett Johansson, Sydney Sweeney, Jenna Ortega, Nicole Kidman, Kristen Bell, Timothée Chalamet, and even Nicolas Cage, all could be shown undressing or posing suggestively in 'spicy' mode. In some cases, attempts were blocked with a 'video moderated' message, but worked for others. Johansson, who has long warned about deepfake abuse and threatened legal action against AI companies before. Kristen Bell has spoken about her experience of being used in fake videos.
Mint
14 minutes ago
- Mint
India eyes policy reset to soften US tariff blow, plans ease of doing business hub for mfg, investment fillip
NEW DELHI : With the US slapping a punishing 50% tariff on Indian goods, New Delhi is changing tack that will help in the log term. Even as uncertainty looms over a bilateral trade agreement with the world's largest economy, the Indian government on its part is working on a reform-heavy game plan to increase ease of doing business, strengthen manufacturing, and keep foreign investors coming, two senior government officials directly involved in the consultations told Mint, requesting anonymity. US President Donald Trump's latest move, which will double the tariff on Indian goods from 27 August, targets $6.2 billion in garment exports, $1.3 billion in leather goods, and billions more in chemicals, pharma, shrimp and petroleum. While the textile and leather sectors face an immediate competitiveness shock, the Narendra Modi government is using the crisis to accelerate ease-of-doing-business reforms: a single-window clearance system modelled on passport services, side-letter deals with trusted partners, and streamlined land and contract processes. The officials say these measures will fortify India's manufacturing and export base and protect jobs, regardless of whether a US trade pact materialises, as the global trade order is becoming more unpredictable by the day. The new tariff regime, announced by Trump imposes a 25% penalty tariff on goods from India over and above the 25% duty that came into effect 7 August. Also Read: Modi, Putin vow to deepen bilateral partnership defying Trump tariffs Without going in for counter measures, the government is focusing on making India more self-reliant, boosting domestic manufacturing, and attracting higher investment from trusted global partners, the officials directly involved said. The emerging plan includes a series of structural steps aimed at increasing India's resilience against external shocks. 'This includes finalising side-letter arrangements with friendly trading partners for assured long-term procurement, streamlining clearances for exporters through a faceless, passport office-style system, and removing procedural hurdles that raise transaction costs," said the first of the two officials mentioned above. However, this person clarified that these structural reforms will continue even if a trade agreement with the US is eventually concluded. The government sees this as an opportunity to address long-standing procedural bottlenecks that often compel investors to rely on middlemen for basic services such as unit registration, identification of industrial land, and conversion of agricultural land for commercial use, among others. 'The prime objective is to keep the manufacturing sector on track and protect employment." 'These fundamental requirements will now be streamlined under a new centralised system," said the second official. India got foreign direct investment (FDI) worth $81.04 billion in FY25, marking a 14% rise from the previous year and maintaining its position as one of the world's leading investment destinations. Commerce ministry data showed that the services sector emerged as the top recipient of FDI equity inflows, accounting for 19% of the total, with investments rising nearly 41% to $9.35 billion in FY25 from $6.64 billion a year earlier. The government has set an FDI target of $100 billion for FY26. India ranked 63rd out of 190 countries in the World Bank's Doing Business 2020 report, the last edition published before the index was discontinued in 2021 due to data irregularities. This ranking marked a significant improvement from the 142nd position in 2014. 'A single interface—both physical and digital—is being planned, through which most of the approvals will be processed online," said the second person. 'A time slot will be allocated to investors and manufacturers upon request, allowing for in-person visits only where necessary. The model draws inspiration from the faceless passport service system and may leverage existing infrastructure such as common service centres in rural areas," the second official said, adding that the objective is to address key challenges such as enforcing contracts and registering property, as these often involve bureaucratic delays and a reliance on intermediaries. Also Read: China welcomes PM Narendra Modi's planned visit to attend Tianjin Summit of SCO Analysts have pointed to a deeper concern that the global trade order is becoming increasingly unstable. 'The entire trade dynamic has been distorted. It's becoming completely trustless. No rulebook is being followed, particularly not the WTO (World Trade Organization) framework, which was originally shaped by the US itself," said Dattesh Parulekar, assistant professor of International Relations at Goa University. 'Tariffs were earlier seen as instruments within a rules-based system, they are now being deployed as tools of pressure, in contravention of the very trade norms that the multilateral order was built upon," Parulekar added. 'The loss due to high tariffs is imminent unless the issue is resolved. Shifting the manufacturing base to a low-tariff country is also not a practical option—who knows, after a few days or months, that country may also face similar tariffs, as the entire trade dynamic has changed. Every country now wants to expand its manufacturing base and earn through exports," a senior executive from the textile industry said. Sectors hits by tariffs The US cited India's oil trade with Russia as the reason for the stinging tariffs, even though such trade is not restricted under US or UN rules. With this, India becomes one of the most heavily taxed trading partners of the US, much worse off than China (30%) or Vietnam (20%), and on par with Brazil. The textile and apparel sector, which exports about $6.2 billion worth of garments to the US annually, will be among the hardest hit. Most products in this category previously faced zero or low tariffs, but will now attract the full 50%, severely denting price competitiveness and potentially leading to order cancellations in the coming weeks. Leather goods and footwear, another labour-intensive segment, is also expected to lose ground. These exports, valued at around $1.3 billion to the US, may become unviable as buyers turn to Southeast Asian suppliers, especially Vietnam and Indonesia. Organic chemicals and pharmaceuticals are also vulnerable. India exports about $2.7 billion worth of organic chemicals and $7.2 billion worth of pharmaceutical products to the U.S. The new tariffs could impact formulations and intermediates unless exemptions are granted for essential medicines or ongoing supply contracts. Also Read: Brazil's Lula dials PM Modi amid Trump's tariff spree Shrimp exports, currently valued at $2 billion, will now face a sharp rise in duties. Despite being duty-free earlier under GSP and MFN rates, they will now attract the full 50%, making Indian seafood considerably more expensive than that from Latin American or ASEAN competitors. Even petroleum products, which contributed $4.1 billion in FY25 exports to the US, are under pressure. While already facing a 6.9% most-favoured nation duty, the new measures could restrict volumes as refiners lose pricing advantage.
Time of India
14 minutes ago
- Time of India
Cert-In pivots cybersecurity audits to threat readiness
Academy Empower your mind, elevate your skills ETtech The cybersecurity audit guidelines issued by the Indian Computer Emergency Response Team , or Cert-In, will revamp how such audits are approached in the country, shifting the focus from checklist-based compliance to continuous threat preparedness , experts stringent audit framework released last week is expected to compel both public and private entities to implement robust measures that not only prevent breaches but also enable real-time response amid rising cyber threats, they said.'Indian enterprises have recognised the impact due to cyber risk, and the recent spate of cyber incidents has further heightened the sensitivity. The Cert-In guidelines are timely and comprehensive,' said Atul Gupta, partner at KPMG. 'It is heartening to see the inclusion of attack vectors like VPNs, supply chains, and access controls, which have been repeatedly exploited in recent breaches.'Audits are now expected to go beyond policy declarations and cover technical configurations, evidence logs, cloud infrastructure, and even secure code has made it mandatory for cybersecurity audits to comprehensively cover an organisation's entire ICT structure, including APIs, apps, cloud, and operational technology (OT) systems, using both manual and automated testing. Auditors must follow global frameworks and report vulnerabilities to reflect severity and real-world under the electronics and IT ministry, Cert-In is the national nodal agency for noted that one of the most significant changes is the expectation for top management to take ownership of cybersecurity audit programs.'There is now a clear top-down mandate,' said Munjal Kamdar, partner at Deloitte. 'Boards must define scope, approve remediation actions, and ensure comprehensive coverage, from secure software setups to risk exception handling.'Auditors are also required to retain logs, review code, and verify secure configurations – practices that were earlier optional or inconsistently implemented.'The real opportunity is in becoming breach-ready, building programs that can detect, respond, and recover in real time,' said Sundareshwar Krishnamurthy, partner and leader, cybersecurity, at PwC guidelines also call on Cert-In-empanelled audit firms to reskill teams to keep track of audit hyperconnected applications, multi-cloud adoption, and AI-enabled platforms growing rapidly, security audits must now be conducted by teams that 'understand threat exposure and can apply professional judgment,' noted Gupta of Kamdar said, 'Audits are no longer one-size-fits-all. Technical scope, documentation, and manual testing capabilities will all have to scale up.'The Cert-In guidelines even illustrate how firms must handle audit-related data securely, restrict the use of freelancers, prohibit audit subletting, and enforce report said sectors such as banking, telecom, healthcare, and energy, which are already under regulatory pressure, will feel the impact most immediately. However, smaller firms will also have to adapt quickly.'We are seeing a mindset shift,' Krishnamurthy of PwC India said. 'Security is no longer about passing an audit, it's about protecting business continuity, reputations, and national infrastructure.'As India ramps up its cybersecurity defences amid rising attack frequency and regulatory scrutiny, these new Cert-In guidelines may well serve as a foundational believe these could also prompt the development of a more mature, standardised, and transparent cybersecurity audit system – a need long felt by both enterprises and regulators.
