After a blockbuster year with three record Bollywood box office smashes under his belt, Indian star Shah Rukh Khan says his burning ambition to break into mainstream cinema is as strong as ever.
At the World Governments Summit in Dubai – a city he calls a second home – the actor and producer known as SRK took a swipe at Hollywood for failing to offer him any notable roles in his 33-year career.
But, since passing up the opportunity to play the quiz show host in Danny Boyle’s 2008 hit Slumdog Millionaire, Khan said he had received few offers of work in US or UK cinema.
I want to end my career by making that film which is loved by the whole world - then nobody will ask why I haven't I crossed over into Hollywood
Shah Rukh Khan
While one of the biggest roles of all – the next James Bond – may be out of his reach, he might be suitable for more villainous character, he said.
“I really wanted to [be the next James Bond], but I think I'm too short,” said Khan, who is 1.69 metres tall.
“But of course, as a baddie – I’m brown enough.
After a series of cinematic flops and a four-year break from the industry, SRK enjoyed a resurgent 2023.
Releasing three films in 12 months – Pathaan, Jawan and Dunki – that accumulated $330 million at the box office, he was catapulted back into mainstream focus.
“I've said this honestly, but nobody believes it – nobody’s ever offered me any crossover work of substance,” said Khan.
“I had conversations with people from the English and American film industries, but nobody's offered me any good work.
“I've never been offered [a role] in Hollywood or in England.
“Yes, Slumdog was there and I spent a lot of time with Mr Boyle. He's very sweet. But I was doing, Who Wants to be a Millionaire? on television successfully at that time.
“I just felt, in the [Slumdog] story that was being told, the guy who was hosting was very mean, he was cheating and dishonest. I found that strange, so I explained to Mr Boyle that I wouldn't like to do it.”
Determination
Khan has not let those disappointments stop him, and puts his drive down to some tough early life lessons.
“Perseverance happens to some people, you don't have any option. I lost my parents very early and then you realise there's no rewinding or coming back from death. You have to continue to make the most of what you have.
“I was a youngish orphan and had to work my way through. It could be the nature of the beast that with dogged determination you keep on working.”
Such is SRK's gravitas, this week his office had to deny rumours of his involvement in negotiations to release former Indian Navy personnel held in Qatar on espionage charges.
As a result, SRK was trending on X for much of Monday, as the eight veterans were freed after intervention from Indian authorities.
Khan believes technology could offer an alternative path into mainstream cinema as AI becomes more widely used.
“When I started off, I just wanted to survive to be able to get a week's work or a month's work or a year's work and say my films should do well,” he said, speaking in Dubai.
“As the years have gone past, my whole job has become more motivated towards bringing new technology into the Indian film industry,"
Now he is looking to continue working for three more decades.
"I have another good 35 years to go, but I want to end my career by making that film which is loved by the whole world.
“Then nobody will ask why I haven't I crossed over into Hollywood.”
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.”
The nine articles of the 50-Year Charter
1. Dubai silk road
2. A geo-economic map for Dubai
3. First virtual commercial city
4. A central education file for every citizen
5. A doctor to every citizen
6. Free economic and creative zones in universities
7. Self-sufficiency in Dubai homes
8. Co-operative companies in various sectors
9: Annual growth in philanthropy
The biog
Profession: Senior sports presenter and producer
Marital status: Single
Favourite book: Al Nabi by Jibran Khalil Jibran
Favourite food: Italian and Lebanese food
Favourite football player: Cristiano Ronaldo
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Company Profile
Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
NEW%20UTILITY%20POLICY%3A%20WHAT%20DOES%20IT%20REGULATE%3F
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- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
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Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar