According to Forbes, who is the world’s wealthiest person? The answer is Elon Musk, who has a net worth of $268 billion dollars. But have you ever wondered if Forbes’ ranking is completely accurate? Because after reading about Ratan Tata, you would have a whole different perspective on him.
Ratan Tata, an Indian corporate magnate, is unquestionably one of our country’s most adored and admired figures. He is a fantastic humanitarian who is not corrupted by celebrity or success, in addition to having outstanding financial vision and being a generous philanthropist.
Ratan Tata may not be the richest man on the planet, but he is certainly wealthy in his heart. The greatest man has won the hearts of the people for his contributions to our country and making it a better place. The founder of the Tata Group of India also shown that being on the Forbes list does not make one wealthy, but giving back to society does.
This 82-year-old industrialist has undoubtedly given us valuable life lessons that can assist us in becoming better human beings, which is why no one in India hasn’t heard of him or been inspired by him.
Why isn’t Ratan Tata listed among India’s wealthiest persons in numerous surveys?
According to the Hurun India Rich List 2021, there are 432 Indians who are wealthier than Ratan Tata, India’s richest industrialist and philanthropist.
It would seem logical to expect a person who has run India’s largest commercial empire for nearly six decades and still has significant influence over its companies to be among the top ten or twenty richest Indians. However, this is not the case. And it’s possible that the Tatas’ vast charitable effort through the Tata Trust is the reason for this.
The Tata group, with a projected turnover of US$103 billion in 2021, is one of the largest corporations in the world, not just in India.
66 percent of the family and company’s wealth is donated to charity.
The Tata Trusts own 66% of Tata Sons’ shares, and dividends go directly to the Trusts’ philanthropic efforts. The Tata group has fine-tuned its mission over the last century and a half to meet India’s most pressing needs. Ratan Tata’s personal financial statement is unaffected by the company’s profits because of his charitable efforts.
Since the company’s inception, Ratan Tata and his family have been interested in philanthropic activity. He has made numerous contributions to India’s growth, including hospital facilities, school reform, and so on.
The Tata Group owns a number of businesses.
Ratan Tata Story Of Success
The Tata Group is a multinational conglomerate with holdings in metals and mining, information technology, retail, auto, hospitality, chemicals, transportation, utilities, and a variety of other industries. It has at least 29 publicly traded companies and many more that aren’t.
Despite possessing all of these, the Tatas have never owned too many of their own firm shares, thanks to Jamsetji Tata’s constitution, which stipulates that the majority of their earnings in Tata Sons be donated to Tata Trusts. Much before Bill Gates and other philanthropists, the Tatas were the most prominent donors.
Home Of Ratan Tata
Ratan Tata may not be the wealthiest man in the world, but he is without a doubt the greatest and most popular. He demonstrated that being on the Forbes list does not make a person wealthy, but actions do.
House Of Ratan Tata
Ratan Tata presently resides in a sea-facing home in Mumbai’s Colaba neighbourhood. Ratan Tata, a corporate magnate, philanthropist, and Chairman Emeritus of Tata Sons, is one of the country’s most powerful figures.