This Is Why Ratan Tata Is Not On The List Of World¡¯s Richest Men

Who is the richest person in the world according to Forbes? Everyone knows the answer and it is Elon Musk with a net worth of $268 billion. But ever thought if Forbes¡¯s list is completely correct? Because after reading about Ratan Tata, your view of it is completely different.

Indian business tycoon Ratan Tata is undoubtedly one of the most loved and admired personalities in our country. Apart from possessing remarkable business foresight and being a generous philanthropist, he is also a great humanitarian who is not corrupted by fame or success.

Why Ratan Tata Is Not On The List Of World¡¯s Richest Men | IANS

Ratan Tata might not be the richest man in the world but for sure, he is rich at heart. The greatest man has won people¡¯s hearts time and again for his contribution to our country and to making the nation a better place. The owner of Tata Group of India also proved that being on the Forbes list doesn¡¯t make one rich but giving it back to society is one that matters the most.

This 82-year-old industrialist has surely taught us important life lessons that can help us in becoming better human beings and that's why there isn¡¯t a single person in India who hasn¡¯t heard his name or is not inspired by him.

Why is Ratan Tata not named among the richest people of India as shown by various surveys?

According to IIFL Wealth, Hurun India Rich List 2021 showed there are 432 Indians richer than India's biggest industrialist and philanthropist Ratan Tata.

Twitter

It might be otherwise logical to expect that a person who has operated the largest business empire in India for nearly six decades and still holds huge influence on its companies will be among the top 10 or 20 richest Indians. But that is not the case. And the reason for this could be the massive philanthropy work that the Tatas do through the Tata Trust.

With an estimated revenue of US$103 billion as of 2021, the Tata group stands as one of the biggest groups not only in India but all over the world.

ALSO READ: Here's What Ratan Tata's Other Family Members Are Doing Right Now

66% of the family¡¯s and the company¡¯s fortune is given away as charity

Sixty-six per cent of Tata Sons' equity is held by the Tata Trusts and dividends flow directly to support the philanthropic work of the Trusts. Over the past century and a half, the Tata group has calibrated its mission to address India's most urgent needs. Due to his charity work, any profit made by the company doesn¡¯t impact Ratan Tata¡¯s personal financial statement.

Linkedin

Ratan Tata and his family are involved in philanthropic work since the company¡¯s establishment. He has made a lot of contributions to the development of India through healthcare facilities, improving the education system and so on.

Companies owned by the Tata Group

Tata Group is a business empire with interests in metals and mining, informational technology, retail, auto, hospitality, chemicals, transport, utilities and many others. It has at least 29 listed companies and more unlisted ones. To explore the complete list, read more.

Ratan Tata | File Photo

Despite having all of these, Tatas never owned too many of their own company shares since Jamsetji Tata made the constitution itself such that the majority of what they earned in Tata Sons was donated to Tata Trusts. Tatas have been the foremost philanthropists, much before the likes of Bill Gates came into the picture.

Ratan Tata might not be the richest man but he definitely is the greatest man and winner of the hearts. He proved that being on the Forbes list doesn¡¯t make a person rich but actions definitely do.