The Billionaire’s Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund Anita Raghavan

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512 pages


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The Billionaire’s Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund  by  Anita Raghavan

The Billionaire’s Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund by Anita Raghavan
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Just as WASPs, Irish-Catholics and Our Crowd Jews once made the ascent from immigrants to powerbrokers, it is now the Indian-Americans turn. Citigroup, PepsiCo and Mastercard are just a handful of the Fortune 500 companies led by a group known asMoreJust as WASPs, Irish-Catholics and Our Crowd Jews once made the ascent from immigrants to powerbrokers, it is now the Indian-Americans turn.

Citigroup, PepsiCo and Mastercard are just a handful of the Fortune 500 companies led by a group known as the Twice Blessed. Yet little is known about how these Indian emigres (and children of emigres) rose through the ranks. Until now...The collapse of the Galeon Group--a hedge fund that managed more than $7 billion in assets--from criminal charges of insider trading was a sensational case that pitted Preet Bharara, himself the son of Indian immigrants, against the best and brightest of the South Asian business community. At the center of the case was self-described King of Kings, Galleons founder Raj Rajaratnam, a Sri-Lankan-born, Wharton-educated billionaire.

But the most shocking allegation was that the eminence grise of Indian business, Rajat Gupta, was Rajaratnams accomplice and mole. If not for Guptas nose-to-the-grindstone rise to head up McKinsey & Co and serves on the Goldman Sachs board, men like Rajaratnam would have never made it to the top of Americas power class.Author Anita Raghavan criss-crosses the globe from Wall Street boardrooms to the classrooms of Delhis Indian Institute of Technology as she uncovers the secrets of this subculture--an incredible tale of triumph, temptation and tragedy.



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