Book cover of The Billionaire's Apprentice

Book description

Just as WASPs, Irish-Catholics and Our Crowd Jews once made the ascent from immigrants to powerbrokers, it is now the Indian-American's 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…

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Why read it?

2 authors picked The Billionaire's Apprentice as one of their favorite books. Why do they recommend it?

This is a beautifully written story about bankers who rise, and fall spectacularly – into crime, in this case insider trading, with the loss of money, status, and prestige that followed.

What’s particularly fascinating is the historical, ethnic, and sociological backdrop. The book begins with a scene in which Indian-born Rajat Gupta, having come to the US and ascended to the highest echelons of the US business world, was attending a White House dinner for India’s Prime Minister.

The book ends as some people who had been on top are dealing with the aftermath of trials that went very badly…

This is actually two books in one – and I very much liked the way Anita Raghavan braided them together. Half of it is a fast-paced, detail-rich account of an insider-trading ring that involved some terribly senior people who really should have known better. But because so many of the characters (both rogues and prosecutors) were South Asian success stories working in the U.S., Anita also opened my eyes to the contributions and temptations that are felt throughout the Indian and Sri Lankan communities. So interesting!

From George's list on financial heroes and villains.

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