Here's why Ratan Tata never featured among India¡¯s top richest people

Ratan Naval Tata, the famous business leader and philanthropist, has made a huge impact on the world. He passed away at the age of 86 in a hospital in Mumbai, as confirmed by the Tata Group in a statement on October 9. Ratan Tata had been admitted to Breach Candy Hospital on October 7 for medical checks related to age-related health issues. His passing has brought together the Indian business community and global leaders to pay tribute to this remarkable man.

When we think about the richest people in India, Mukesh Ambani often comes to mind, boasting an incredible net worth of $108.4 billion, as of today according to Forbes. However, this makes us wonder: Is Forbes¡¯ list the full story? After learning about Ratan Tata, your view of wealth might change greatly.

Ratan Tata was one of the most loved and respected figures in India. He is known for his excellent business skills and generous charity work. He truly embodies the spirit of a humanitarian. Despite his fame and success, he stayed humble and focused on giving back to society.

The Heart of a Philanthropist

CREDIT: BCCL

Ratan Tata touched the hearts of millions through his contributions to India and his dedication to making the country better. As the leader of the Tata Group, he had shown that true wealth lies in giving back, not just in being listed on the Forbes list. His actions have proven that making a positive difference in society is what truly counts.

Ratan Tata shared valuable life lessons that inspire countless people. His name is known and respected all over India, highlighting his significant influence.

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Ratan Tata's Wealth Ranking

Why is Ratan Tata often not listed among India¡¯s richest people? According to the IIFL Wealth Hurun India Rich List 2022, there are 420 Indians who are richer than Ratan Tata, he was estimated to have a net worth of Rs 3,800 crore, placing him 421st among the country¡¯s wealthiest. Given his leadership of one of India¡¯s largest business empires for nearly 60 years, many would expect him to rank much higher. However, the reason lies in his extensive charity work through the Tata Trusts.

The Charitable Foundation of Tata Group

CREDIT: REUTERS

The Tata Group with a market valuation exceeding $400 billion, and estimated revenue of $165 billion in 2022-2023, is a global leader in various sectors, including metals, mining, information technology, retail, automobiles, hospitality, and more. These companies together provide jobs for more than one million people, as reported by Tata Sons. A remarkable 66% of the family's and the company's wealth is given to charitable causes. The Tata Trusts hold a majority of Tata Sons' equity, ensuring that the dividends support important charitable work.

Also Read: Ratan Tata family tree

For over 150 years, the Tata Group has focused on addressing India¡¯s most urgent needs. Ratan Tata¡¯s commitment to charity means that the profits of the Tata Group do not significantly add to his personal wealth.

A Legacy of Corporate Social Responsibility

The Tata Group has been involved in charitable efforts since its beginning. Ratan Tata has played a crucial role in improving India's healthcare system, enhancing education, and supporting various social causes.

Even with a large business empire, the Tatas do not own many shares in their own companies. The founding principles set by Jamsetji Tata stressed the importance of charity, long before the likes of Bill Gates became known.

More Than Just Wealth

While Ratan Tata may not be seen as one of the richest men in the world, he surely stands out as one of the greatest people of our time. He has shown that being on lists like Forbes does not define true wealth. Instead, it is one¡¯s actions and contributions to society that truly show greatness.

Ratan Tata's net worth may not be in the billions, but his influence and commitment to making the world a better place have earned him a special place in the hearts of many.

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