As part of a collaborative research project between people from racialised communities, London School of Economics and Equality Trust, Premji shares his insights into what is wealth, what helps and hinders people from racialised communities to build wealth and what could make a difference. The research was funded by the British Academy Innovation Fellowship Scheme (Fellowship number IF2324/24008). You can find the summary briefing from this project and any further information from www.equalitytrust.org.uk
The interviewee discusses their understanding of wealth, distinguishing between monetary wealth - money, property, and material goods - and a broader sense of wealth, which includes contentment, happiness, and spiritual well-being. They reflect on the challenges of accumulating wealth, emphasising that it requires hard work but is hindered by systemic discrimination, both within their family and broader society. Despite facing obstacles such as high business taxes and societal prejudice, they express gratitude for having financial stability and being able to provide for their family. They value charitable work and spiritual balance, viewing them as important aspects of a meaningful life. When asked about how communities can grow wealth, they emphasise living an honest and clean life over resorting to unethical practices. The interviewee concludes by sharing a philosophical perspective, adding that contentment and personal integrity are the true measures of wealth.
