Saturday, June 07, 2008

The Outsourcing Billionaires from Taiwan and India

CBC News--Offshore outsourcing has led seven of Forbes' billionaires directly to their fortunes. These seven men hail from just two places: Taiwan and India.

The Taiwanese billionaires — Terry Gou and Barry Lam — lead companies specializing in contract manufacturing, namely in the production of electronics.

Hon Hai, the maker of Apple's iPod, among other everyday gadgets, is one of the world's largest contract electronics manufacturers. CEO Terry Gou has made billions off the company, which he founded in 1974. Founder and CEO of Quanta Computer Barry Lam has pioneered the design and manufacturing of notebook computers.

By contrast, India's offshore outsourcers have made their billions through software services. Wipro, Infosys Technologies and HCL Technologies all have C-level executives who have worked their way to 10-plus digits through companies that provide global software and IT services.

Forbes article "With Outsourcing Smarts, They Struck It Rich"

Forbes slide show

Forbes video


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