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# 46 Shiv Nadar 

$33.4B

Real Time Net Worth
as of 4/12/2024
-$380.6M (-1.14%)

# 46 Shiv Nadar 

$33.4B

Real Time Net Worth
as of 4/12/2024
-$380.6M (-1.14%)
OccupationFounder and Chair Emeritus, HCL Technologies
Source of WealthHCL, software services
Age78
ResidenceDelhi, India
Marital StatusMarried
Children1
EducationBS, PSG College of Technology
Age-Adjusted Net Worth$9.89B
Shiv Nadar
Shiv Nadar
India
Net worth: $33.4B

Self-Made Score 

Wealth History

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Biography

Personal Info

Shiv Nadar was born on 14 July 1945, in Moolaipozhi village, Tamil Nadu, India.
He is the founder and chairman of HCL Technologies and the chairman of the Shiv Nadar Foundation.
In 2008, he was awarded the Padma Bhushan for his contributions to the IT industry.

Early Life and Education

Nadar was born into a Tamil Hindu family to Sivasubramaniya Nadar and Vamasundari Devi.
His mother, Vamasundari Devi, is the sister of S. P. Adithanar, founder of Dina Thanthi newspaper.
Nadar studied at Town Higher Secondary School, Kumbakonam, and later at St. Joseph Boys Higher Secondary School, Trichy.
He received a pre-university degree from the American College, Madurai, and a degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore.

Career

Nadar began his career at Walchand group's Cooper Engineering Ltd. in Pune in 1967.
He founded Microcomp in the mid-1970s, which later became HCL in 1976.
Under Nadar's leadership, HCL ventured into the international market in 1980 with the opening of Far East Computers in Singapore.
In July 2020, Nadar handed over the chairmanship of HCL Technologies to his daughter Roshni Nadar, making her the first woman chair of a listed Indian IT company.
In July 2021, he stepped down as the managing director of HCL Technologies and was succeeded by C Vijayakumar for a five-year term.

Focus on Education

In 1996, Shiv Nadar founded SSN College of Engineering in Chennai, Tamil Nadu.
He actively participated in college activities and donated Rs. 10 lakh worth of HCL shares to the college.
Nadar joined the executive board of the Indian School of Business in 2005.
In 2008, Nadar's SSN Trust announced the setting up of two Vidyagyan schools in Uttar Pradesh for rural students.
He served as the chairman of the board of governors, Indian Institute of Technology Kharagpur, until 2014.

Family

Shiv Nadar's daughter, Roshni Nadar, is the chairwoman of HCL.
His wife, Kiran Nadar, is an art collector and philanthropist.

How long would it take you to become as rich as Shiv Nadar?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Shiv Nadar's net worth of $33.4B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

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Shiv Nadar is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Shiv Nadar, HCL and software services are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey