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Indian wealth management coach reveals billionaire mindset, reveals problems of being rich: ‘Pressure due to social media’

Karan Bhagat reflected on the mindsets of billionaires managing Rs 1 crore vs Rs 1,000 crore.

2 min readNew DelhiNov 12, 2025 04:20 PM IST

Karan Bhagat lists the problems of children born rich. "The biggest problem for kids born to rich parents is how to handle expectations. The second is socially upward mobile. There is a lot of exposure due to social media," he said (Representative image/Unsplash)

Today’s youth are increasingly looking for a blueprint for financial independence, and often, they turn to social media for hacks. Karan Bhagat, CEO of India’s leading wealth management firms, recently made insightful revelations on billionaire mindset and the biggest fears of wealthy people.

In a podcast with Raj Shamani, Bhagat reflected on the mindset of billionaires managing Rs 1 crore vs Rs 1,000 crore. “People managing Rs 1 crore need Rs 50 lakh on debt every time. They have safety and security issues. They need their Rs 50 lakh safe while raising another Rs 50 lakh,” he said. On the other hand, he said, people managing Rs 1,000 crore will have a fixed amount safe. “They don’t need to save Rs 50 crore every time. They will keep Rs 50-100 crore safe, and the remaining Rs 900 crore will be the growth capital.”

Bhagat then listed the problems of children born in rich families. “The biggest problem for kids born to rich parents is how to handle expectations. The second is socially upward mobile. There is a lot of exposure due to social media,” he said.

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Bhagat further compared the mindset of Tier 1 and Tier 2 cities in terms of ideas and money-making. “People in Delhi, Bombay, Chennai, and Bengaluru are open to new ideas. In a way, they are more confident about themselves and end up making the right decision for themselves,” he said, adding, “Tier-II cities like Indore, Udaipur, Rajkot, and Ahmedabad, to some extent, are next cities, here relationship and trust are important than ideas.”

He also highlighted the difference between old money and new money, and people’s mindset with respect to wealth. “Old money is focused on preservation. With new money, people are willing to experiment. They are disciplined and ready to consume. While both kind of wealth has risk-taking abilities, old money values businesses more. New money are happy to invest with professionals.”