Her dramatic Met Gala dress was the talk of the evening, but for many fashion followers around the world, the name Natasha Poonawalla is a familiar one. The Indian businesswoman and philanthropist is known as much for her style choices as her jet-setting lifestyle and celebrity friends, as she's often spotted at some of the biggest fashion events across the world, hobnobbing with everyone from Priyanka Chopra Jonas to Katy Perry and designer Christian Louboutin.
The striking Met Gala look she wore on Monday, celebrating the Indian sari, was created by Indian designer Sabyasachi and worn with an ornate Schiaparelli Couture corset that curved over her head. Accessorised with custom Sabyasachi Fine Jewellery pieces, her take on this year's theme, Gilded Glamour, which honoured New York's 19th century golden age between 1870 and 1890, was one of the most memorable looks of the star-studded evening.
Who is Natasha Poonawalla?
Natasha is the executive director of the Serum Institute of India, the world's largest manufacturer of vaccines. Her husband, Indian billionaire Adar Poonawalla, is chief executive of the company, which produces, among others, the Covishield coronavirus vaccine developed by AstraZeneca and the University of Oxford. Natasha is also chairwoman of the Villoo Poonawalla Charitable Foundation, named after her late mother-in-law, a responsibility that takes her to events around the world.
Natasha was born in Pune, Maharashtra, where she grew up. She later went to pursue her master's degree at the London School of Economics. It was during this time, while on holiday in Goa, that she would meet her future husband Adar at a New Year's Eve party.
"We’d see each other every few months. His focus was clear from day one. He was like, ‘I like you. I know I want to get married. This is it'," she told Vogue India of their budding long-distance romance.
Adar is the only son of Indian billionaire Cyrus Poonawalla, chairman of the Cyrus Poonawalla Group, which includes the Serum Institute of India. Last month, Cyrus was named fourth on Forbes magazine's India's 100 Richest People list, with an estimated fortune of $24.3 billion. He ranks 56th in the world.
Natasha and Adar got married in 2006 and now have two boys, Cyrus and Darius.
Often branded a socialite, Natasha, who was on the cover star of Vogue India in December last year, told the magazine she was so much more than that.
“I think I was misjudged a little bit,” she says. “People saw me dressing up and said, ‘She’s that fashion person on the racecourse.’ But I didn’t feel the need to expose the serious part of my life to everyone.”
The serious part, as an executive of the Serum Institute of India, was highlighted during the coronavirus pandemic when her and her husband's company became a key player in India's fight against Covid-19.
"This year, people have realised what I do,” she tells Vogue India.
Still, there's no denying her A-list friends, including her close friendship with Bollywood star Kareena Kapoor Khan and her sister Karisma Kapoor, as well as actresses Malaika Arora and her sister Amrita Arora, all of whom appear often on her Instagram feed.
French designer Louboutin also makes regular appearances.
"There’s nothing in the world like friends who make you giggle non-stop," she once posted with a photo of the two of them.
Chopra Jonas and her husband Nick are also often seen photographed with Natasha, and so are Bollywood actress Sonam Kapoor and husband Anand Ahuja.
In January, when the Jonases announced they were expecting their first child together via surrogacy, Natasha posted a congratulatory message along with a photo of herself with the happy couple.
"Congratulations PC and Nick! Thrilled for you guys… brace yourself for life’s greatest joyride! Wish you all the love and strength for this new chapter. From sleepless party nights to sleepless parenting nights — with you all the way!" she said.
A life in fashion
Natasha's Met Gala appearance on Monday was not her first time at the event.
In 2019, she turned heads in an icy-blue custom-made dress by designer Peter Dundas. The crystal embellished mini-dress worn, with a detachable draped skirt in blue and cinched at the waist by a silver belt, matched the theatrics on of the red carpet. As a nod to her Indian heritage, Natasha completed the look with a diamond maang tikka on her forehead.
Of her headline-grabbing dress at this year's Met Gala, she told Vogue India that she chose the Sabyasachi-Schiaparelli ensemble because it was "strong but feminine" and "a powerful tool for social change”
“Fashion to me is wearable art. Art in this sense is communication — it allows people from different cultures and times to communicate with each other via images, sounds and stories," she said. “I feel blessed to be present and happy to have survived the struggles that came with being part of the effort to fight the pandemic."
Scroll through the gallery below for the best-dressed celebrities at the Met Gala 2022:
STAGE 4 RESULTS
1 Sam Bennett (IRL) Deceuninck-QuickStep - 4:51:51
2 David Dekker (NED) Team Jumbo-Visma
3 Caleb Ewan (AUS) Lotto Soudal
4 Elia Viviani (ITA) Cofidis
5 Matteo Moschetti (ITA) Trek-Segafredo
General Classification
1 Tadej Pogacar (SLO) UAE Team Emirates - 12:50:21
2 Adam Yates (GBR) Teamn Ineos Grenadiers - 0:00:43
3 Joao Almeida (POR) Deceuninck-QuickStep - 0:01:03
4 Chris Harper (AUS) Jumbo-Visma - 0:01:43
5 Neilson Powless (USA) EF Education-Nippo - 0:01:45
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
INFO
What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.
COMPANY%20PROFILE
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Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke
Two stars
The cost of Covid testing around the world
Egypt
Dh514 for citizens; Dh865 for tourists
Information can be found through VFS Global.
Jordan
Dh212
Centres include the Speciality Hospital, which now offers drive-through testing.
Cambodia
Dh478
Travel tests are managed by the Ministry of Health and National Institute of Public Health.
Zanzibar
AED 295
Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.
Abu Dhabi
Dh85
Abu Dhabi’s Seha has test centres throughout the UAE.
UK
From Dh400
Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.
Women’s T20 World Cup Asia Qualifier
ICC Academy, November 22-28
UAE fixtures
Nov 22, v Malaysia
Nov 23, v Hong Kong
Nov 25, v Bhutan
Nov 26, v Kuwait
Nov 28, v Nepal
ICC T20I rankings
14. Nepal
17. UAE
25. Hong Kong
34. Kuwait
35. Malaysia
44. Bhutan
UAE squad
Chaya Mughal (captain), Natasha Cherriath, Samaira Dharnidharka, Kavisha Egodage, Mahika Gaur, Priyanjali Jain, Suraksha Kotte, Vaishnave Mahesh, Judit Peter, Esha Rohit, Theertha Satish, Chamani Seneviratne, Khushi Sharma, Subha Venkataraman
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
Match info
Champions League quarter-final, first leg
Liverpool v Porto, Tuesday, 11pm (UAE)
Matches can be watched on BeIN Sports
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
Key fixtures from January 5-7
Watford v Bristol City
Liverpool v Everton
Brighton v Crystal Palace
Bournemouth v AFC Fylde or Wigan
Coventry v Stoke City
Nottingham Forest v Arsenal
Manchester United v Derby
Forest Green or Exeter v West Brom
Tottenham v AFC Wimbledon
Fleetwood or Hereford v Leicester City
Manchester City v Burnley
Shrewsbury v West Ham United
Wolves v Swansea City
Newcastle United v Luton Town
Fulham v Southampton
Norwich City v Chelsea
The five pillars of Islam
UAE squad
Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet