Why Ratan Tata doesn't feature among the world's richest people
Despite being the most followed Indian industrialist on social media, Ratan Tata's absence from the country's wealthiest individuals list is noteworthy. As per the IIFL Wealth Hurun India Rich List 2022, he holds the 421st position with a net worth of Rs 3,800 crore. Here's why Ratan Tata doesn't feature among the world's richest people list.
Who is the richest person in the world according to Forbes? Most people would answer Elon Musk, with a reported net worth of $213 billion. However, have you ever considered if Forbes's list is entirely accurate? Reading about Ratan Tata might make you view it differently. Indian business tycoon Ratan Tata is unquestionably one of the most beloved and respected figures in our country. Beyond his exceptional business acumen and generous philanthropy, he stands out as a true humanitarian untouched by fame or success.
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Financial Insights and Philanthropic Commitment
Despite being the most followed Indian industrialist on social media, Ratan Tata's absence from the country's wealthiest individuals list is noteworthy. As per the IIFL Wealth Hurun India Rich List 2022, he holds the 421st position with a net worth of Rs 3,800 crore. This reflects a rise from his 2021 ranking of 433rd place with Rs 3,500 crore. His wealth primarily stems from Tata Sons, with a significant portion devoted to philanthropic causes through Tata Trusts.
Tata Group¡¯s Business and Philanthropic Footprint
Tata Sons, the cornerstone investment holding company and promoter of various Tata entities, allocates 66 per cent of profits to philanthropy via Tata Trusts. These trusts champion initiatives in education, healthcare, livelihood generation, and cultural enrichment. The Tata Group spans 29 publicly-listed enterprises with a combined market capitalization of $311 billion (Rs 23.6 trillion) as of March 2022. Renowned for its diverse portfolio from salt to IT, Tata companies collectively generated $128 billion (Rs 9.6 trillion) in revenue in the fiscal year 2021-22, employing over 935,000 individuals.
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.
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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.
READ ALSO: Meet Virendra Singh Chauhan, the mystery man who owns one share in Tata Group
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Anuj Tiwari writes stories for SEO and is a Youtube wizard. An engineer turned social media champ, he keeps a track of all that goes around the world. His interest areas include historic events, political and social-sciences.
