If you are above 50! - you may relate to this well !! ~ the music of a cycle bell ! (did your family own a bi-cycle ! and what age, did you venture out alone on a cycle ?). It is not self-pity but way back in mid 1970s when we were studying – many of my classmates would walk to school bare-footed – a good slipper was a luxury those days ! .. .. when we finished our College, our dream aspiration was a Bank clerk job of Rs.1000 pm salary and a two-wheeler as a proud possession.
Most people
aspire to become rich ! – and there is no answer to the Q – when would one feel
having reached their aspirations !! In
English novels, a person from a poor background would rise to astronomical
heights – having reached there – they would buy
Private jets !! [they come down in life is another
story!]
Most people here aspire for a Car and a house ! - and perhaps some air travel !! The price of private jet travel in India varies significantly based on several factors, including the type of aircraft, distance traveled, and the duration of the trip. A light jet like a Citation Mustang or CJ2 could cost ₹2.5 to ₹4 lakh per hour. Private jet ownership is a status symbol often associated with the ultra-wealthy, including celebrities, business moguls, and royalty. Bigtime personalities like Jeff Bezos, Bill Gates, Elon Musk, Mukesh Ambani, and celebrities like Tom Cruise and Jackie Chan are some who own jets.
Elsewhere, Kim Soo Hyun is believed to have rushed to close a deal for one of his three Galleria Forêt apartments in Seoul’s Seongsu Dong. Speculation has been rife that the K-drama star did this to fund the looming lawsuits filed by former advertisers who dropped him post the Kim Sae Ron case and are now seeking millions in damages. Meanwhile, Soo Hyun’s legal team has challenged the evidence on which the advertisers have based their lawsuit, claiming that the material provided by Garo Sero is fabricated. If that turns out to be true, the advertisers might land in trouble. Hours after the report surfaced, some insiders suggested the news isn’t exactly how it’s being shown, and the sale of the apartment had actually been pre-planned.
The dictionary meaning of ‘luxury’ is :
1: a
condition of abundance or great ease and comfort : sumptuous environmentlived
in luxury
2a: something
adding to pleasure or comfort but not absolutely necessaryone of life's
luxuries
b: an indulgence in something that provides pleasure, satisfaction, or ease
In economics, a luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Luxury goods is often used synonymously with superior goods. The word "luxury" originated from the Latin word luxuria, which means exuberance, excess, abundance.
Luxury goods have high income elasticity of demand: as people become wealthier, they will buy proportionately more luxury goods. This also means, however, that should there be a decline in income its demand will drop more than proportionately. Income elasticity of demand is not constant with respect to income, and may change sign at different levels of income. That is to say, a luxury good may become a necessity good or even an inferior good at different income levels.
For many – a car is luxury – those days, cars with AC were different than its normal ones – now AC in a car is a bare necessity ! A luxury car is a car that provides increased levels of comfort, equipment, amenities, quality, performance, and status relative to regular cars for an increased price. Traditionally, most luxury cars were large vehicles, though smaller sports-oriented models were always produced.
While the debate around nepotism continues to stir Bollywood, one star kid has silently emerged as the most successful—not just in fame but fortune too. Hrithik Roshan, son of filmmaker Rakesh Roshan, is now reportedly the richest star kid in Indian cinema, with a staggering net worth of Rs 3130 crore, according to a GQ India report. Hrithik made his iconic debut in 2000 with Kaho Naa… Pyaar Hai, which became an instant blockbuster. Over the past two decades, he has delivered multiple hits, cementing his place among Bollywood’s top-tier actors. Hrithik’s wealth extends far beyond the silver screen. Apart from his acting fees—he reportedly charged Rs 50 crore for Fighter—he earns from brand endorsements, high-value real estate, his production house Filmkraft, and his fitness and lifestyle label HRX, estimated to be worth Rs 7300 crore. The star owns a sea-facing luxury home in Mumbai and a lavish farmhouse in Lonavala. His luxury car collection includes a Rolls-Royce Ghost Series 2, Mercedes Maybach, and Maserati Spyder.
Life may change,
people may or may not reach their aspirational levels – for everyone - a
healthy life is the ultimate luxury ! -
one cannot forget the fact that a cycle and its bell were luxuries for us when
we grew up !!
10.7.2025