Perhaps the problem is simply that women don’t like discussing how rich they are. Or maybe it goes deeper than that.
Anu Aga, Rajya Sabha MP nominee and director of Thermax, is one of the richest women in India with a 62 percent stake in the energy company. “In the financial sector, there are several organisations headed by women. However, they are professionals and not owners. In family owned businesses, very few women are allowed or encouraged to head organisations.
Wealth creation and ownership is still perceived a man’s domain,” Ms. Aga says.
“Even the shares of many family owned companies are not allowed to women members. This is a reflection of the persisting bias against women,” Ms. Anu Aga continues.
Shreyasi Singh, author of The Wealth Wallahs, cites another reason for so few rich women.
“There is an absence of women from the C-suite [CEO] and the senior management positions with big pay packets which would land them on such rich lists. Go to any corporation’s website and look at the board member profiles, you will see very few women appearing.”
Ms. Singh continues, “Hopefully, there is an increase in entrepreneurial activity by women in the kind of technology and internet companies that lend themselves to wealth creation. So far there are a few women-founded companies that have scored massive exists.”
There's more to this story as some of the richest women say, “…the absence from “rich” lists only goes to show women have limited access to yet another area of accomplishment.”
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BW Reporters
Regina is a reporter for BW Businessworld. In her previous assignments, she has worked with Independent television Network as a news anchor and reporter in Sri Lanka
