Three Indian-origin women among America's richest self-made women: Forbes
New York, Jun 7: Three Indian-origin women have been named by Forbes among America's 80 richest self-made women, the "ceiling crashers" and "overachievers" blazing their own trails as they create new businesses and amass fortunes.
President and CEO of computer networking firm Arista Networks Jayshree Ullal, cofounder of IT consulting and outsourcing firm Syntel Neerja Sethi and CTO and cofounder of streaming data technology company Confluent Neha Narkhede are in the Forbes list of 'America's Richest Self-Made Women 2019'.
The list has been topped by Diane Hendricks, who chairs ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America. The 72-year old has a net worth of USD 7 billion.
Ullal, who has been ranked 18th in the list, has a net worth of USD 1.4 billion. The 58-year old owns about 5 per cent of Arista's stock.
"Born in London and raised in India, she is now one of America's wealthiest female executives," Forbes said.
Sethi, ranked 23rd, cofounded Syntel with her husband Bharat Desai in 1980 in their apartment in Troy, Michigan with an initial investment of just USD 2,000.
Her current net worth is one billion dollars. French IT firm Atos SE bought Syntel for USD 3.4 billion in October 2018 and Sethi, 64, got an estimated USD 510 million for her stake.
Narkhede is ranked 60th on the list with a networth of USD 360 million. Confluent, which is currently valued at USD 2.5 billion, counts Goldman Sachs, Netflix and Uber as customers.
As a LinkedIn software engineer, Narkhede, 34, helped develop Apache Kafka to handle the networking site's huge influx of data and in 2014, she and two LinkedIn colleagues founded Confluent to build tools for companies using Apache Kafka, which became open source in 2011, Forbes said.
The list also includes media mogul Oprah Winfrey ranked 10, Facebook's Chief Operating Officer (12), reality TV star Kylie Jenner (23), fashion designer Tory Burch (29), pop stars Rihanna (37) and Madonna (39), singer Beyonce (51), author Danielle Steel (56), TV show Ellen DeGeneres (63) and tennis star Serena Williams on the 80th spot.
Forbes said more women are creating new businesses and amassing fortunes than ever before, leading it to expand its ranking of the nation's wealthiest self-made women to 80 ceiling crashers, one third more than a year ago.
"Each of these overachievers has blazed her own trail," it said.
List members range in age from 21 to 92, and are worth a combined USD 81.3 billion. The minimum net worth to make Forbes' fifth annual ranking of these women is USD 225 million. A record 25 are billionaires, one more than last year. Nearly half, or 38, live in California, followed by New York with 9. Nineteen were born outside of the US, in countries spanning Burma to Barbados.
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Karnataka govt to strictly implement the paid menstrual leave policy, after HC directive
Bengaluru (PTI): Karnataka Labour Minister Santosh Lad has said that the government will strictly implement the paid menstrual leave policy across all sectors at the earliest, following the High Court directive.
The High Court of Karnataka had recently directed the state government to "strictly and faithfully" implement the menstrual leave policy, pending formal enactment of the proposed legislation.
"I welcome the directive issued by the Karnataka High Court in support of our state government's ambitious menstrual leave policy," Lad said.
The state government has taken firm steps to implement the menstrual leave policy comprehensively, and as a model to the country, he said in a post on 'X' on Thursday.
"In line with the court's opinion that menstrual leave is a matter of women's dignity, justice, and humane recognition of their lived realities, we will strictly implement the paid menstrual leave policy--equivalent to one day per month, or 12 days per year--across all sectors at the earliest," he added.
The court had said that in the interregnum, it shall be incumbent upon the state to ensure effective operationalisation of the policy through the issuance of suitable guidelines, circulars, and administrative instructions, as may be necessary to secure its uniform, consistent, and rigorous implementation across all sectors.
The court issued the directive while hearing on a petition filed by 41-year-old Chandravva Hanumant Gokavi, who works in a hotel in Mudalgi of Gokak taluk in Belagavi district, before the Dharwad bench, seeking implementation of the November 20, 2025, order of the government providing one-day menstrual leave for all working women.
