Word: mittal
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Dates: during 2000-2009
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...generation because trust-fund babies, having little regard for the money that has come to them without toil, lack the motivation to strive. It's a worry even to - perhaps especially to - the superrich. In a recent interview in London's Sunday Times newspaper, Indian-born steel tycoon Lakshmi Mittal said flatly that "money is a curse," and that he was concerned that extreme wealth might be spoiling his young kids. In June, Microsoft founder Bill Gates reiterated that he would donate most of his $58 billion to charity, rather than give it to his three children. That's tough...
...show's host (Anil Kapoor) is so skeptical of Jamal's ability to answer the questions that he has policemen try to torture the truth out of the lad. His explanations all relate to his hard life as a homeless orphan in the company of his brother Salim (Madhur Mittal) and, not often enough, with the winsome, consistently abused Latika (Freida Pinto). Salim is a type-A troublemaker, a fighter and conniver, restless and reckless, and thus the ideal complement to Jamal's caution, sensitivity and resilience. These flashbacks constitute the body of a sharp, teeming, dark, very romantic film...
...than most people make over five lifetimes. The house next door, which has a pool under the driveway, is owned by an Arab family who bought it for $20.5 million. And a few minutes' walk away, in Kensington Palace Gardens, Indian steel magnate and Britain's richest man Lakshmi Mittal owns a manse that's reportedly worth about $112 million...
Indeed, if history is any guide, Indian companies take rebuttal as a challenge. When British-based Indian-born businessman Lakshmi Mittal first bid for French steel maker Arcelor last year, the company's French CEO said he was horrified by the idea of an Indian taking over, likening Mittal Steel to eau de Cologne and Arcelor to perfume. Within months, Mittal had won out. A century earlier, when Tata founder Jamsetji Tata suggested making steel for the colonial railway system, a British administrator dismissed the idea with barely concealed contempt. Earlier this year, Tata paid almost $14 billion...
These days, however, the Marwaris have it all. Lakshmi Mittal, one of the world's richest men, was born in 1950 in a village 20 minutes drive north of Mandawa. And travel a similar distance to the east, to the village of Pilani, and you will find yourself in the hometown of the Birlas, one of India's most legendary business families. The Birlas and the Mittals, as well as countless other Marwari clans, share a common history. From the 19th century onwards, when the ancient Silk Road that crisscrossed Mandawa began to be eclipsed by the steamship...