Who are the Indian immigrants on the list of foreign-born US billionaires?
Dozen Indian immigrants top the ranks, coming from industries like technology and finance
Indian immigrants are the leading group of foreign-born billionaires in the United States, according to the latest Forbes ranking of America’s richest immigrants in 2025.
A total of 12 immigrants of Indian-origin have made the ranks, marking the highest number out of all the 43 countries represented.
Forbes previously curated this list in 2022, where India had only seven billionaires on the list. However, with the addition of five new billionaires to the list, India dethroned the previous top country, Israel.
Key new big-name Indian individuals to make this list include Alphabet CEO Sundar Pichai, Microsoft chief Satya Nadella, and Palo Alto Networks CEO Nikesh Arora.
Here’s what you need to know about the latest rankings.
The report explained
As a country famously known as the “land of opportunities,” the United States has paved the way for endless individuals to capitalise on money-making opportunity. This year’s list evidently showcases 125 examples of just that.
In fact, Forbes reports show that combined, the wealth of these immigrants are worth nearly $1.3 trillion. This, Forbes states, accounts for 18% of the country’s $7.2 trillion total billionaire wealth.
However, although the organisation has included a total of 125 immigrants in their 2025 list, nearly two-thirds of the billionaires come from 10 main countries, in which India topped the list.
The remaining countries in the top ranks include Israel, Canada, and China. Meanwhile, the bottom half of the top 10 countries include Germany, Iran, France, Hungary, and Ukraine.
The top-earning Indian immigrant billionaire for 2025 is Jay Chaudhry, CEO of Zscaler, a cybersecurity firm. Chaudhry first moved to the US in 1980 as a graduate student, and didn’t begin his start up until 1996. Currently, Chaudhry boasts a net worth of $17.9 billion.
While Chaudhry is the richest Indian immigrant, the individual with the highest net worth overall on the list is Elon Musk. Thanks to his companies like Tesla and SpaceX, the South-African born entrepreneur currently has a net worth of $393.1 billion.
The full ranking
Here’s a list of all the Indian immigrants who made the ranks, according to the Forbes list of immigrant billionaires in 2025.
1. Jay Chaudhry
Jay Chaudhry’s journey to success has been long and complex. Hailing from the village of Panoh, his town did not have electricity or running water until Chaudhry became a teenager. In India, he pursued his bachelors at the Indian Institute of Technology Varanasi, and attended the University of Cincinnati for his graduate studies. His company, Zscaler, was founded in 2007.
Rank: 8
Net worth: $17.9B
Source of wealth: Security software – Zscaler
2. Vinod Khosla
Vinod Khosla was born in Pune, India in 1955. His father was an Indian Army officer, and wanted his son to follow his lead. Yet, Khosla’s interests led him to technology, where he was inspired by stories like the founding of Intel. Khosla moved to the US for further studies, pursuing an MBA at Stanford, which prompted him to pick up entrepreneurship. Khosla founded his venture capital firm in 2004.
Rank: 17
Net worth: $9.2B
Source of wealth: Sun Microsystems, venture capital - Khosla Ventures
3. Rakesh Gangwal
Rakesh Gangwal grew up in Kolkata, India. Much like the other individuals on this list, he attended the Indian Institute of Technology, specifically the one in Kanpur. Gangwal first came to the US in 1977, and his work in the aviation industry began shortly after. His first association with US airlines started with his role as a strategic planning manager at United Airlines in 1984. As for IndiGo, Gangwal pursued this company in 2005, alongside Rahul Bhatia.
Rank: 29
Net worth: $6.6B
Source of wealth: Airline - IndiGo
4. Romesh T. Wadhwani
Romesh T. Wadhwani was born in Karachi, Pakistan, prior to the India-Pakistan partition. His family moved to India following Indian independence, and he went on to pursue his bachelor’s degree from the Indian Institute of Technology Bombay. Wadhwani moved to the US to pursue both his master’s and PhD degrees from Carnegie Mellon University. He founded his company, Symphony AI, in 2017.
Rank: 38
Net worth: $5.0B
Source of wealth: Software - Symphony AI Group
5. Rajiv Jain
Rajiv Jain was born in India and first came to the US in the early 1990s to pursue an MBA at the University of Miami. Meanwhile, in India, he attended Punjab University and University of Ajmer, for his bachelor’s and master’s degree respectively. Jain found his asset management firm, GQG, in 2016, alongside Tim Carver, the CEO of the company.
Rank: 40
Net worth: $4.8B
Source of wealth: Finance - GQG Partners
6. Kavitark Ram Shriram
Kavitark Ram Shriram, better known as “Ram Shriram,” is an American entrepreneur. His alma mater includes the University of Madras in Chennai, India. Shriram’s first role in the States was in 1994 at Netscape as an executive. He began his own venture capital firm at the start of the millennium in January, 2000.
Rank: 64
Net worth: $3.0B
Source of wealth: Google, venture capital - Sherpalo Ventures
7. Raj Sardana
Raj Sardana comes from Delhi, India. His move to the US was in pursuit of a master’s degree from Georgia Tech University. Sardana started his own company in 1998, an IT services firm called Innova Solutions. At the start of the launch, the company was first called American CyberSystems, and aimed to act as a bridge between American companies and Indian talent in the tech industry.
Rank: 86
Net worth: $2.0B
Source of wealth: Technology services - Innova Solutions
8. David Paul
David Paul attended Chennai’s University of Madras, where he studied mechanical engineering. He moved to the US in pursuit of a master’s degree from Temple University. Paul worked as an engineer before quitting his job in 2003 to start his company, Globus Medical. The company is an implant manufacturer, and went public in 2012.
Rank: 101
Net worth: $1.5B
Source of wealth: Medical devices - Globus Medical
9. Nikesh Arora
Coming from an Indian Air Force family, Nikesh Arora was born in Ghaziabad, India. He attended the Indian Institute of Technology Varanasi and obtained his degree in 1989. Arora then moved to the US to pursue his MBA at Northeastern University. Since then, he has taken up many significant roles, including working at Google for nearly a decade. Currently, he is the CEO of Palo Alto Networks, a position he has held since 2018.
Rank: 103
Net worth: $1.4B
Source of wealth: Google, Softbank, Cybersecurity - Palo Alto Networks
10. Sundar Pichai
Sundar Pichai was born in Madurai, India, where his mother was a stenographer and his father an electrical engineer. In India, he earned a bachelor’s degree from the Indian Institute of Technology Kharagpur. In the US, he pursed a master’s degree from Stanford University, and an MBA from the University of Pennsylvania. Pichai began working at Google in 2004, and went to get big name titles like Google CEO in 2015, and Alphabet CEO since 2019.
Rank: 119
Net worth: $1.1B
Source of wealth: Alphabet
11. Satya Nadella
Satya Nadella comes from Hyderabad, India. He studied at the Manipal Institute of Technology in Karnataka. Later, Nadella moved to the US to pursue his master’s from the University of Wisconsin-Milwaukee, and an MBA from the University of Chicago. Nadella joined Microsoft in 1992, and become the company’s CEO in 2014.
Rank: 120
Net worth: $1.1B
Source of wealth: Microsoft
12. Neerja Sethi
Neerja Sethi pursued her studies at Delhi University in India, before moving to the US to get a master’s degree from Oakland University. Prior to shifting to entrepreneurship, Sethi briefly worked at Tata Consultancy Services. Sethi and her husbanded founded Syntel in 1980. The company is an IT consulting and outsourcing firm that went public in 1997.
Rank: 123
Net worth: $1.0B
Source of wealth: IT consulting - Syntel
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