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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

FULL LIST: Top 10 richest immigrant billionaires in America

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

In-depth Named sources Context piece
  • Immigrants in the U.S. control a combined fortune of trillions of dollars, significantly shaping America's business landscape.
  • A new ranking highlights 144 foreign-born billionaires with a collective net worth of $2.2 trillion.
  • Top immigrant billionaires like Elon Musk, Sergey Brin, and Jensen Huang have transformed industries through their companies.

Immigrants are profoundly influencing America's business landscape, with foreign-born entrepreneurs, investors, and technology leaders amassing fortunes in the trillions of dollars. A recent ranking reveals that 144 billionaires living in the United States were born abroad, collectively holding $2.2 trillion. This significant wealth represents a substantial portion of the nation's total billionaire assets.

I did my undergrad in India and I came here to do my masterโ€™s, and my plan actually was to come to the U.S., get my degree, maybe do a job for five years and then go back. And everything worked out to plan except the last bit. So now Iโ€™ve been here for 32 years.

โ€” Jitendra MohanExplaining his journey and extended stay in the U.S. after initially planning to return to India.

The list features globally recognized figures such as Elon Musk, Sergey Brin, and Jensen Huang. Musk, originally from South Africa, leads the ranking with an estimated $927 billion fortune derived from companies like Tesla and SpaceX. Sergey Brin, cofounder of Google, born in Russia, is second with $272 billion, followed by Taiwan-born Jensen Huang, cofounder and CEO of Nvidia, with $176 billion. These individuals and their companies have revolutionized sectors ranging from electric vehicles and space exploration to internet services and artificial intelligence.

Many of these successful immigrants attribute their achievements to educational and career opportunities in the U.S., coupled with a strong desire to innovate. Jitendra Mohan, cofounder of Astera Labs, shared that his initial plan to return to India after obtaining his master's degree in the U.S. changed, leading him to stay for 32 years. He noted, "Everything worked out to plan except the last bit."

Itโ€™s been a journey of coming to the U.S. with big dreams. For me, it was always about starting a company of my own.

โ€” Sanjay GajendraDescribing his entrepreneurial aspirations in the United States.

Sanjay Gajendra, another cofounder of Astera Labs, highlighted the entrepreneurial environment in America, stating, "Itโ€™s been a journey of coming to the U.S. with big dreams. For me, it was always about starting a company of my own." Amjad Masad, the Jordanian-born cofounder of Replit, echoed these sentiments, praising the dynamic market and innovative spirit of the United States. The diverse backgrounds and industries represented by these billionaires underscore the global talent contributing to America's economic vitality.

America still provides a lot of opportunity, itโ€™s one of the most dynamic markets and innovative places.

โ€” Amjad MasadPraising the opportunities available for entrepreneurs in the United States.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.