India’s new titans

India’s new titans

Here's a story I missed earlier: 

Since February 2007, the value of India's stock market has doubled to 20000 points, and the biggest winners have been India's richest. Based on these gains, India's four wealthiest men are now worth more than China's 40 wealthiest combined. […]

All told, India's 40 wealthiest businessmen are worth $351 billion, according to Forbes – easily the most in Asia. Its four richest – steel tycoon Lakshmi Mittal, [oil and supermarket magnate Mukesh] Ambani, his brother Anil Ambani, and [real estate baron Kushal Pal] Singh – hold more than half that sum.

No wonder Japanese mothers are scrambling to send their kids to Indian schools.