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.

ST ILLUSTRATION: MIEL
The Billionaire Raj reveals major fault lines in Indian society through the story of India's billionaires, their lifestyles and their business practices.
The Billionaire Raj reveals major fault lines in Indian society through the story of India's billionaires, their lifestyles and their business practices. PHOTO: CRABTREE
The Billionaire Raj reveals major fault lines in Indian society through the story of India's billionaires, their lifestyles and their business practices.
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on September 05, 2018, with the headline India's 'billionaire raj': The fault lines beneath the bling . Subscribe