That's a weird statement to make, considering that the current PM is a self-made man without any old money, family name or ivy league connections. Infact, most of the high ranking people in his cabinet are self-made men like him. The current Home Minister of India for example started his career as a polling-booth level canvasser in the party.
If a poor self-made man rising to the top in free and fair elections (results accepted by everyone) is a murder of democracy, then you need to find the correct definition of democracy.