India’s top politicians Sonia Gandhi and Manmohan Singh have fallen out of the top 20 in Forbes’ annual list of the world’s most powerful people.
With the Gates-Buffett give-it-away tour just in India, many have been questioning if the country’s rich are up to such philanthropy. Gross exaggerations of wealth and poverty are on display every day in India – the BMW next to the bullock cart or the coiffured Jimmy Choo-wearing woman waiting for her driver as the shoeless human mule shuffles past with two oil drums on his back. With millions malnourished and uneducated, with ancient monuments crumbling, with indigenous art, theatre and music unsupported and fading, why can’t the uber rich give to the country that helped them so?
Billionaire investor Warren Buffett and Microsoft co-founder Bill Gates are on a week-long trip to India, primarily to encourage the rich to give away a portion of their wealth to charity.