Let us be positive.. But also realistic
I estimate that business and financial success of only the top 20 to 30 Asian families has produced individuals and families with 'very high' net worth. However, there are several critical aspects about wealth creation that are not always apparent or have not received serious interest from research organisations. I think this an important area for research but I am not aware of any institution or individual who has made the wealth of East African Asians a serious subject of study. Who should be carrying out the research and for what purpose? How will it help in understanding the success of a small number of East African Asians? Why are the lessons important? To whom?
The Sunday Times Rich List
The Sunday Times newspaper publishes a Rich List, an interesting publication which has provided regular insights into the prosperity of a small number of very rich East African Asians who have made it into the list. Before I became interested in producing an analysis for this blog, I used to throw away my copy of the Rich List. Why should I waste my time by drooling over the wealth of other people? How is this going to make a difference to my life?
One of the issues that interest me now is: The Sunday Times Rich List provides
up-to-date information of the emerging wealth of East African Asians. Assuming one accepts the Sunday Times writers' criteria for measuring and updating wealth, how do the people who are featured in the list actually feel? How many lay people, charities and potential business collaborators are actually driven to make contacts with the people in the list? One would imagine that the publication of every list must result in a wide range of unsolicited contacts. Is this a good use of the list? Is it a fair use of the list? How do the rich feel and respond? Where the rich receive requests for charitable donations, how many of them actually support requests to fund the various causes?
To be fair, how many of the East African Asians in the Rich List have their own schemes or have registered their own organisations for supporting their preferred charitable causes in British society today? Should we leave the concern for philanthropy to them, after all it is their choice how they use their money. The answer to this is not as clear-cut as it may appear on first reading. Does success produce a responsibility for the less advantaged sections of the community?
I estimate that business and financial success of only the top 20 to 30 Asian families has produced individuals and families with 'very high' net worth. However, there are several critical aspects about wealth creation that are not always apparent or have not received serious interest from research organisations. I think this an important area for research but I am not aware of any institution or individual who has made the wealth of East African Asians a serious subject of study. Who should be carrying out the research and for what purpose? How will it help in understanding the success of a small number of East African Asians? Why are the lessons important? To whom?
The Sunday Times Rich List
The Sunday Times newspaper publishes a Rich List, an interesting publication which has provided regular insights into the prosperity of a small number of very rich East African Asians who have made it into the list. Before I became interested in producing an analysis for this blog, I used to throw away my copy of the Rich List. Why should I waste my time by drooling over the wealth of other people? How is this going to make a difference to my life?
One of the issues that interest me now is: The Sunday Times Rich List provides
up-to-date information of the emerging wealth of East African Asians. Assuming one accepts the Sunday Times writers' criteria for measuring and updating wealth, how do the people who are featured in the list actually feel? How many lay people, charities and potential business collaborators are actually driven to make contacts with the people in the list? One would imagine that the publication of every list must result in a wide range of unsolicited contacts. Is this a good use of the list? Is it a fair use of the list? How do the rich feel and respond? Where the rich receive requests for charitable donations, how many of them actually support requests to fund the various causes?
To be fair, how many of the East African Asians in the Rich List have their own schemes or have registered their own organisations for supporting their preferred charitable causes in British society today? Should we leave the concern for philanthropy to them, after all it is their choice how they use their money. The answer to this is not as clear-cut as it may appear on first reading. Does success produce a responsibility for the less advantaged sections of the community?
posted by K Singh Ajimal at
11:37 pm
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