BIZ-COLUMN: Opinion-Economic Affairs: India’s ‘billionaire raj’: The fault lines beneath the bling
The super rich are not all crazy, rich wheeler-dealers, but India could do more to tackle issues of inequality and crony capitalism.James Crabtree’s elegantly written book on India’s tycoons – The Billionaire Raj – has on its cover a photograph of Antilia, a 170m-high, 27-storey vertical palace in the heart of Mumbai, the home of India’s richest man Mukesh Ambani and his family.
Billed as the most expensive residence in the world after Buckingham Palace, Antilia is said to have ceilings covered in chandeliers, sports courts, a temple, a theatre that can host Cirque du Soleil and Broadway productions, an “ice room” with man-made snow flurries and six floors of parking.
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