Among the many things I remember from my days in the Jain religion was its philosophy of non-possessiveness (Aparigraha). You’re not supposed to be materialistic. As much as possible, you should try to live a frugal life.
So when Bhanwarlal Raghunath Doshi (below), who oversaw a billion-dollar plastics company, said he was going to become a Jain monk, a quiet simple ceremony to mark the occasion should have done the trick.
Instead, he opted for a lavish party costing more than 100 crore (well over $15 million USD):