Ratan Tata dies aged 86 years; India loses an icon

(cnbctv18.com)

9 points | by patronage 13 hours ago ago

3 comments

  • dockerd 12 hours ago ago
  • astar1 11 hours ago ago

    I respect this man for calling out the Ambani family (you may have remembered them from the extremely lavish wedding of one their sons earlier this year) for owning one of the most expensive homes ever (a luxury condo just for the family) https://en.wikipedia.org/wiki/Antilia_(building) which overlooks one of the worlds biggest slums : https://en.wikipedia.org/wiki/Dharavi

    "Tata Group former chairman Ratan Tata said Antilia is an example of rich Indians' lack of empathy for the poor.[47] Tata said, "The person who lives in there should be concerned about what he sees around him and asking how he can make a difference. If he cannot, then it's sad because this country needs people to allocate some of their enormous wealth to finding ways of mitigating the hardship that people have.[47] It makes me wonder why someone would do that. That's what revolutions are made of."[48]"

    The Ambani family is so influential in india (a symptom of a very big problem in India re: extreme levels of poverty and income inequality and political corruption) that zuckerberg even bought the son a 30 million dollar wedding gift (private jet): https://www.youtube.com/shorts/iPlzRBpo0Gg

    And their wealth is brought on from very questionable means e.g. https://en.wikipedia.org/wiki/Mukesh_Ambani#Stock_manipulati... (not to be confused with Adani family, another indian billionaire family shrouded with corruption allegations)

    Anyways, Ratan Tata life story seems to be a genuine rags to riches story without the lavish flaunting of wealth or outright corruption to obtain the wealth in the context of an extremely poor (for at least half of indians)/corrupt country.

    • cvz 10 hours ago ago

      > a genuine rags to riches story

      His accomplishments stand quite well on their own without needing to mythologize. He was born into a family that was already quite wealthy, it's what he did with that wealth that mattered.