Indian businessman murdered for gold shark shirt

Appears in 2 lectures.

Appearances across the corpus

MSE_F2017_01 · Materials Selection and Economics, Fall 2017 · §10.p5

Here's a picture of a guy — anybody know who this guy is or was? He's wearing a $250,000 gold shirt. He's a very wealthy Indian and he decided that he wanted to have a gold shirt, so he had this $250,000 shirt made for him. He became very famous because of that, and someone murdered him because of it. So the moral is, don't go buying $250,000 gold shirts without spending some money on your bodyguards.

MSE_F2016_01 · Materials Selection, Fall 2016 · §6.p17

Cultural externality. The real estate tycoon's quarter-million-dollar gold shirt and subsequent murder used to illustrate the cultural valuation of gold in India (which holds half the world's mined gold).

Nope — half of all the mined gold since the beginning of the world is in one country: India. This is an Indian bride, and she's got a fair amount of gold. This is a guy who was a real estate tycoon in India. He just liked gold — he really loved gold. He had a gold shirt made for a quarter million dollars. He became very famous; he wanted to become famous. You can see how proud he is of his gold. About three weeks later, he was killed by some guys who attacked him. He wasn't wearing his gold shirt at the time, but he was murdered. He was just an arrogant guy and some guys decided. That happened just in the last year. It's a cultural thing in India.