Asia | Wealth creation in India

Inside the world of crazy rich Indians

The new wealthy elites are younger and more adventurous than the old lot

A white Bentley car parked outside the Raj Mahal Boutique Hotel,  Jaipur, India
Photograph: Adam Wiseman/Millennium Images
|MUMBAI

ALL OF INDIA was transfixed, as February turned to March, by the spectacle of Anant Ambani’s pre-wedding celebrations in Jamnagar, an unlovely industrial town in western India. Mr Ambani is the son of Mukesh Ambani, India’s richest man and boss of Reliance, a giant conglomerate. Bill Gates, Mark Zuckerberg and Rihanna turned up, as did hordes of Indian business tycoons, cricket legends and Bollywood A-listers. The government temporarily converted the local domestic airport into an international one. For hundreds of millions of Indians following the lavish proceedings on TV, social media and in the papers, the festivities stood as shorthand for the tastes and power of India’s rich.

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This article appeared in the Asia section of the print edition under the headline “Crazy rich Indians”

From the March 16th 2024 edition

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