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Meet Mira Nair, Zohran Mamdani’s 68-year-old mother who hit it big in Hollywood directing critical darlings like Monsoon Wedding

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Zohran Mamdani made history when he won New York City’s mayoral election on Tuesday night, becoming the youngest mayor in over a century and the first Muslim to lead the city. But his mother had already carved her own path into the record books decades earlier. Mira Nair, 68, stands as one of the most accomplished independent filmmakers of her generation, a director who turned modest budgets into critical darlings and box office successes while refusing to compromise her artistic vision.

Nair’s breakthrough came in 1988 with Salaam Bombay!, a gritty portrayal of street children in Mumbai made for just $450,000 that grossed an estimated $7.4 million worldwide. The film earned an Academy Award nomination for Best Foreign Language Film, won the Caméra d’Or at Cannes, and became India’s second film ever nominated for an Oscar. With the proceeds, Nair established the Salaam Baalak Trust, a nonprofit that continues to provide support for street children in Delhi and Mumbai.

​Breaking into Hollywood

Born Oct. 15, 1957, in Rourkela, India, Nair studied at Delhi University and Harvard University before shifting from acting to documentary filmmaking after taking a course at MIT with cinéma vérité pioneer Richard Leacock. She founded her production company, Mirabai Films, in 1989, maintaining creative control over projects that explored cultural identity, diaspora, and voices often left unheard.

Her 1991 film Mississippi Masala, starring Denzel Washington and Sarita Choudhury, grossed $7.3 million and won Best Original Screenplay at the Venice Film Festival. It was during research for that film in Uganda that Nair met her husband, political scientist Mahmood Mamdani, Zohran’s father.

But Nair’s biggest commercial triumph came with Monsoon Wedding in 2001. Made for approximately $1.5 million and shot in just 30 days with hand-held cameras, the film became a phenomenon, grossing over $30 million worldwide. The domestic U.S. gross alone reached $13.9 million, a record for an Indian film in North America that stood until Baahubali surpassed it in 2017. More significantly, Nair became the first woman director to win the Golden Lion, Venice Film Festival’s top prize.

“This one is for India, my beloved India, my continuing inspiration,” Nair said upon receiving the award.

The film’s success demonstrated Nair’s ability to bridge cultures and markets. Storied American film critic Roger Ebert awarded Monsoon Wedding 3.5 stars out of 4, calling it as “one of those joyous films that leaps over national boundaries and celebrates universal human nature.”​

Nair continued to direct across multiple genres and budgets, including Vanity Fair (2004) starring Reese Witherspoon, The Namesake (2006) adapted from Jhumpa Lahiri’s novel, and Disney’s Queen of Katwe (2016), which starred Lupita Nyong’o and David Oyelowo and received a 94% approval rating on Rotten Tomatoes. Notably, her son and newly minted mayor of New York City, Zohran Mamdani, served as music supervisor on Queen of Katwe, earning a nomination from the Guild of Music Supervisors Awards.

​Turning down ‘Harry Potter’

Throughout her career, Nair has consistently chosen artistic integrity over commercial pressure. She famously turned down Warner Brothers’ offer to direct Harry Potter and the Goblet of Fire, opting instead to make The Namesake. When asked about this decision during the 2018 Jaipur Literature Festival, Nair revealed her then-14-year-old son Zohran helped her choose.

“I also turned down Harry Potter. They saw Vanity Fair and they saw how vibrant and whatever voluptuous and successful for them, this was Warner Brothers and they thought, well, they’d had a big success with Alfonso Cuaron from Mexico making Harry Potter 3 so why not get the third-world rainbow coalition making Harry Potter 4,” Nair said.

​Recognition and impact

Her commitment to social causes extends beyond her filmmaking. In addition to the Salaam Baalak Trust, Nair founded the Maisha Film Lab in 2004, a free training program for emerging East African filmmakers. In 2012, the Indian government awarded her the Padma Bhushan, the country’s third-highest civilian honor.

Nair has received two Academy Award nominations, two BAFTA Award nominations, two César Award nominations, and has won prizes at both the Cannes and Venice film festivals. Her films are known for their documentary-influenced storytelling, cross-cultural narratives, and blending of social realism with rich cultural textures.

At 68, Nair remains actively engaged in filmmaking. She recently presented Cactus Pears for its North American release and has been working on a theatrical adaptation of Monsoon Wedding as a musical. Her production company also has more projects in the works.

​Legacy

Nair’s career trajectory offers a counterpoint to conventional Hollywood success stories. Rather than chasing blockbuster budgets, she built her reputation on films that grossed modest returns but earned critical acclaim and cultural impact. Salaam Bombay!Mississippi Masala, and Monsoon Wedding collectively cost less than $7 million to produce, but grossed more than $45 million worldwide while garnering numerous awards.

Her net worth is estimated to be approximately $5 million, mainly as a result of her work with Mirabai Films, as well as directing, producing, grants, and royalties. While modest compared to mainstream Hollywood directors, this figure reflects a career built on artistic choices rather than commercial calculation.

As Zohran Mamdani prepares to take office on Jan. 1, 2026, as New York City’s 111th mayor, he does so carrying lessons learned from watching his mother navigate the film industry on her own terms. In a 2013 interview, Nair described her son as “my oxygen, my fuel” while discussing The Reluctant Fundamentalist, a film that particularly resonated with the young Mamdani and influenced his political worldview.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.



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Davos 2026: reading the signals, not the headlines

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Davos 2026: reading the signals, not the headlines | Fortune

Louisa Loran advises boards and leadership teams on transformation and long-term value creation and currently serves on the boards of Copenhagen Business School and CataCap Private Equity. At Google, Louisa launched a billion-dollar supply chain solutions business, doubled growth in a global industry vertical, and led strategic business transformation for the company’s largest customers in EMEA—working at the forefront of AI, data, and platform innovation. At Maersk, she co-authored the strategy that redefined the brand globally and doubled its share price, helping pivot the company from traditional shipping to integrated logistics. Her career began in the luxury and FMCG space with Moët Hennessy and Diageo, where she built iconic brands and led innovation at the intersection of heritage and digital transformation.



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Hotels allege predatory pricing, forced exclusivity in Trip.com antitrust probe

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China’s hotels are welcoming record numbers of travelers, yet room rates are sinking—a paradox many operators blame on Trip.com Group Ltd.

For Gary Huang, running a five-room homestay in the scenic Huzhou hills near Shanghai was supposed to secure his family’s financial future. Instead, he and other hoteliers in China’s southeastern Zhejiang province say nightly rates have fallen to levels last seen more than a decade ago, as Trip.com’s frequent discount campaigns force them to cut prices simply to remain visible on China’s dominant booking platform.

“The promotion campaigns now are almost a daily routine,” said Huang, who asked to use his self-given English name out of concern of speaking out against Trip.com. “We have to constantly cut prices at least 15% to attract travelers. We have no choice but to go along with the price cuts.”

Trip.com has been central to China’s post-pandemic travel rebound, connecting millions of travelers with small operators like Huang. But for many hotels, visibility—and sometimes survival—comes at the expense of profits.

That dynamic is now at the heart of Beijing’s antitrust probe. Regulators allege Trip.com is abusing its market position, with analysts citing deflation across the sector as the government’s main concern. Interviews with lodging operators, industry groups and travel consultants describe a system where constant price-cutting and opaque policies are eroding profitability, even as demand rebounds.

Trip.com has said it’s cooperating with the government’s investigation. The company’s stock dove more 16% since the probe was announced a week ago. 

Revenue per room—a key hotel metric—was flat across China in 2025, even as other Asian markets saw gains, according to Bloomberg Intelligence. Marriott International Inc.’s revenue per room in China fell 1% most of last year, while Hilton’s China room revenue trailed its regional peers.

The company controls about 56% of China’s online travel market, according to China Trading Desk, and has grown into the world’s largest booking site. Its dominance has helped fuel domestic tourism’s recovery—nearly 5 billion trips were logged in the first three quarters of 2025—but operators say the benefits are being offset by falling room yields.

“The market has developed unevenly and innovation is lacking due to monopolistic practices,” said He Shuangquan, head of the Yunnan Provincial Tourism Homestay Industry Association that represents some 7,000 operators. “The entire online travel agency sector is stagnating in a pool of dead water.”

‘Pick-one-of-two’

The broader challenge is oversupply and cautious consumer spending. In regions like Yunnan, hotel capacity has tripled since the pandemic, just as travelers tightened budgets. Consultants note that while people are traveling more, they’re spending less—leaving hotels slashing rates to fill empty beds and posting billions in losses.

For operators like Huang, the paradox is stark: the platform that delivers customers is also accelerating the race to the bottom. The complaints center around Trip.com’s “er xuan yi,” Mandarin for pick-one-of-two exclusivity arrangements—a practice that Chinese regulators have repeatedly vowed to stamp out.

Trip.com categorizes merchants into tiers with “Special Merchants” enjoying the most visibility and traffic, Yunnan Provincial Tourism’s He said. However, these top-tier merchants are typically prohibited from listing on rival platforms like Alibaba’s Fliggy, ByteDance’s Douyin or Meituan. Merchants who aren’t bound by these exclusive arrangements report being effectively compelled to offer the lowest prices on Trip.com’s online booking platform Ctrip, or risk facing a raft of measures like lowered search rankings.



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CEOs at Davos are buying into the agentic AI hype

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Good morning. The atmosphere here at the World Economic Forum in Davos is all about nervous excitement as the Trump administration descends on the normally quaint but currently chaotic ski town in the Alps.

President Donald Trump will be making remarks just a couple hours from now, and Fortune will be reporting live from USA House on the main promenade, with insights from government officials and chief executives during and immediately following the president’s conversation. Keep an eye on our livestream, here https://fortune.com/2026/01/21/ceos-davos-buy-into-the-agentic-ai-hype/.

Elsewhere around town, CEOs are setting their agendas for the year. Here’s what’s top of mind for a few of them:

This will actually be the year of agentic AI. The first time I heard the term “agentic AI” was at Davos last year. For all the hype around it, does the average CEO really know what it is or how to deploy it? And is AI good enough yet for agents to replace or even significantly assist human employees? The answer appears to be yes. Google Gemini head Demis Hassabis told me that Gemini 3 achieved some milestones that allow agentic AI to truly proliferate in terms of its capabilities. ServiceNow CEO Bill McDermott is also an emphatic “yes,” and says he is already using it to do things like automate his IT department (without doing layoffs, he stresses; he says he has repurposed employees instead). He thinks other CEOs are ready to do the same.

Get ready for Google glasses—for real, this time. A decade ago, Google launched its Google Glass eyewear to widespread mockery. Hassabis thinks the timing was just off; at the time there was no super app to go on the platform. AI has changed that, and Hassabis is bullish on Gemini glasses being the future form for consumer AI. Meta is betting the same thing, and OpenAI is also reportedly considering a super-device, but it doesn’t seem like either can match Gemini’s capabilities any time soon.

There’s artificial intelligence, and now there’s also “energy intelligence.” Schneider Electric CEO Olivier Blum says that nailing energy intelligence is his mission this year. By that he means he wants to capture data from various energy sources into a single “data cube,” filter it, and use agentic AI so customers can manage it all in one place to find opportunities to save power and money. “Our job is to make sure we go to the next level of energy technology to make energy more intelligent,” he told me yesterday. If he can achieve it, he sees a 7%-10% annual growth opportunity ahead.

Greenland: national panic or national security risk? I’ve heard various reactions to President Trump’s desire for a full U.S. takeover of the huge islandfrom outrage to vigorous support. If he does get his wish (which some here think is likely), could Europe retaliate by making life harder and more restrictive for big U.S. tech companies? That was one CEO’s consideration. Said another: “Clear-eyed people can agree that that is a national security concern. And having a national security concern is not just a U.S. concern, it’s also a NATO concern.” They were optimistic that the in-person meetings this week would help move the matter in a positive direction. You can follow all our Davos coverage—including Fortune live interviews today with Ray Dalio, Dara Khosrowshahi and more—right here.—Alyson Shontell

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top news

The crisis CEOs can’t ignore

The annual Edelman Trust Barometer, revealed at Davos every year, shows an “insular” mindset permeating the business world, with 70% of respondents not wanting to talk to, work for, or even be in the same space with anyone with a different world view. Richard Edelman says CEOs must adopt a sense of urgency in addressing the crisis; they need to sense that “time is running out.”

The Fortune 2026 World’s Most Admired Companies list

Fortune published the 2026 World’s Most Admired Companies this week, an annual ranking in collaboration with Korn Ferry that surveys executives, directors, and analysts across a range of industries. Apple made the top of the list among leaders in all industries for the 19th year in a row—read who else made the cut.

Netflix co-CEOs boost the case for the Warner Bros. deal

Netflix co-CEOs Ted Sarandos and Greg Peters praised the streaming company’s planned acquisition of Warner Bros. Discovery during its earnings call on Tuesday, selling the deal as a boost to its streaming business and a production boost for America. Investors, however, remain worried that the deal will push Netflix away from its core business, and the stock dropped almost 5% after hours.

The markets

S&P 500 futures are up 0.19% this morning. The last session closed down 2.06%. STOXX Europe 600 was down 0.41% in early trading. The U.K.’s FTSE 100 was down 0.02% in early trading. Japan’s Nikkei 225 was down 0.41%. China’s CSI 300 was up o.09%. The South Korea KOSPI was up 0.49%. India’s NIFTY 50 was down 0.3%%. Bitcoin was at $89K.

Around the watercooler

What Walmart’s CEO succession reveals about the smartest time to exit by Ruth Umoh

Americans are paying nearly all of the tariff burden as international exports die down, study finds by Jacqueline Munis

The 9 most disruptive deals of Trump’s first year back in the White House by Geoff Colvin

Gen Z’s nostalgia for ‘2016 vibes’ reveals something deeper: a protest against the world and economy they inherited by Nick Lichtenberg and Eva Roytburg

CEO Daily is compiled and edited by Joey Abrams, Claire Zillman and Lee Clifford.



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