The peculiar pedigree of the business class

The Baniya’s culture of focused wealth creation is very good in many ways, but not all of this culture is good. Aakar Patel in Mint Lounge:

Forbes magazine has put out a list of the world’s 1,210 billionaires. Fifty-five of them are Indians. A billion dollars is Rs. 4,480 crore. A Baniya is a member of the Vaish caste, originating mainly from Rajasthan and Gujarat.

They are under 1% of India’s population.

India’s richest man is a Baniya (Lakshmi Mittal, world’s sixth richest with $31.1 billion), India’s second richest man is a Baniya (Mukesh Ambani, $27 billion), India’s third richest man is a Khoja (Azim Premji, $16.8 billion), India’s fourth richest men are Baniyas (Shashi and Ravi Ruia, $15.8 billion), India’s fifth richest person is a Baniya (Savitri Jindal, $13.2 billion), India’s sixth richest man is a Baniya (Gautam Adani, $10 billion), India’s seventh richest man is a Baniya (Kumar Mangalam Birla, $9.2 billion), India’s eighth richest man is a Baniya (Anil Ambani, $8.8 billion), India’s ninth richest man is a Baniya (Sunil Mittal, $8.3 billion). India’s 10th richest man is a Parsi (Adi Godrej, world’s 130th richest with $7.3 billion).

Score: Baniyas 8, Rest of India 2. If we consider the Gujaratis Godrej and Premji (from the Lohana caste) as coming from mercantile communities then actually Rest of India wasn’t playing this match so far. More:

 

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