Ratan Tata celebrates 85 today. Here’s a look at his wealth, charity donations, and other aspects of the Great Philanthropist.
Ratan Tata, an industrialist and former chairman of Tata Sons, is 85 today, December 28. A tremendous philanthropist and motivational speaker, he is also a business tycoon. He adheres to the principle of conducting business with humanity and has committed a significant portion of his riches to fostering social progress.
Ratan Tata was born to Naval and Sooni Tata on December 28, 1937, in Mumbai. Before returning to India in 1962, he briefly worked for Jones and Emmons in Los Angeles while attending Cornell University to study architecture and structural engineering.
Ratan Tata started working for the Tata Steel division in Jamshedpur after joining the company in 1962. He successfully finished a management course at Harvard Business School in 1975.
Ratan Tata became the Tata Group’s chairman in 1991.
Ratan Tata took the initiative to expand his company internationally at a time when globalisation was a novel idea in India.
In approximately 9 years, starting with Tata Tea’s acquisition of Tetley in 2000, he acquired about 36 businesses. The three most notable acquisitions in India to date are Tata Steel’s purchase of Anglo-Dutch steelmaker Corus, Tata Tea’s acquisition of Tetley, and Tata Motors’ purchases of British automaker Jaguar and Land Rover.
Ratan Tata’s net worth
IIFL Wealth Hurun India Rich List assessed Ratan Tata‘s net worth to be Rs 3,500 crore last year. It may surprise some to learn that he was listed as the 433rd richest individual in the nation. His extensive charitable effort through the trusts and charitable organisations run by the Tata Group is the cause of his low ranking.
Charities
The majority of the donations made to the Tata Group’s charitable endeavours came from Ratanji Tata, Jamsetji Tata’s younger son. He left a sizable portion of his estate to philanthropic organisations, and in 1919 the Sir Ratan Tata Trust was founded with an initial endowment of Rs. 80 lakhs. Tata Trust is one of the most prestigious and established charitable foundations in India today.
The main promoter of Tata Group firms is Tata Sons, and charitable trusts that support the arts, culture, health, and other causes own 66% of Tata Sons’ equity shares. The Tata group, led by Ratan Tata, has significantly helped India overcome current problems in the areas of healthcare and education, among others.