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Yeah I find this article meaningless as well. An exceedingly wealthy person lost half of his wealth and in relative terms to everyone else is still incredibly wealthy. I'm sure that billionaries in Russia, USA, and Middle East had similar experiences last year--who cares if the billionaires were from India?

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Indeed. A year ago, Microsoft's stock was around 30$/share, and then this past year fell to low of about 15$/share. I don't think anyone said anything about Bill Gates losing almost half of his net worth (which is presumably still mostly in stock).

It's the colonial mentality.

We lost the entire period of industrial revolution to these imperial tyrants.

They just can't be happy without being patronizing about India and Indians.

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