In a society often divided by wealth and status, many Indians continue to debate whether they truly despise the rich. Recently, billionaire Harsh Goenka and Zerodha CEO Nithin Kamath stepped into this fiery discussion. Both the billionaires have shared the insights that have left the internet buzzing. Let’s break down what these billionaires have to say.
The Core of the Controversy
At a recent event in Bangalore, Nithin Kamath addressed the burning question: “Why do Indians hate rich people?” He argued that while the United States celebrates its wealthiest citizens, India—despite being a capitalistic society on paper—has socialist underpinnings. According to Kamath, many Indians are uncomfortable with the concept of extreme wealth and feel that the rich often flaunt their status.
But Harsh Goenka, chairman of the RPG Group, had a different take. Taking to X (formerly Twitter), Goenka stated that Indians do not inherently hate the rich—they hate certain behaviors associated with wealth. In his words, “Indians celebrate good billionaires like Ratan Tata, Azim Premji, and Anand Mahindra—they’re loved and emulated for their humility, philanthropy, and values. What we dislike are those who flaunt wealth, corrupt the system, and prioritize personal gain over societal good. Wealth isn’t the issue—how it’s used is!”
Social Media Reactions
Goenka’s remarks ignited a heated discussion online. Many users wholeheartedly agreed, with one stating, “It’s not about wealth, it’s about how it’s used. When billionaires give back to society, people love them.” Others, however, pointed out that even in the U.S., some wealthy individuals face backlash for similar reasons—opulence and corporate greed.
Conclusion
The answer, however, lies in how wealthy individuals conduct themselves. While wealth isn’t the problem, it’s how they use it that matters. Consequently, this shapes public opinion. In a country where economic disparity is ever-present, humility is crucial. Therefore, giving back can turn the tide in favor of the rich. Moreover, by showing generosity, wealthy individuals can improve their image. As a result, their actions foster a stronger sense of community. Ultimately, their choices define their legacy and positively influence society.
