Ratan Tata’s ₹10,000-Crore Will Finally Out! Who Got What And Who Missed Out?

Following the passing of Ratan Tata, who was a literal gem, curiosity surged about the distribution of his estimated ₹10,000-crore estate. Known for his philanthropy and humility, the industrialist’s will has drawn attention as he chose to allocate his wealth to those closest to him. Among the primary beneficiaries are his beloved pet dog Tito, his half-sisters, Shireen and Deanna Jejeebhoy, and his trusted aide Shantanu Naidu among others.

Ratan Tata’s will divides his legacy among close confidants and his beloved dog Tito who also gets lifetime care

Ratan Tata’s will showcases his close personal connections and his deep care for those who were part of his life. As per the reports, he industrialist has chosen to divide his estate among a few trusted individuals and family members, including his half-sisters, Shireen and Deanna Jejeebhoy, and his brother, Jimmy Tata.

Furthermore, among the beneficiaries are also those who were not a part of his family but played a key role in his life. This includes his loyal butler and his assistant, Shantanu Naidu. The story does not just end here. In a testament to his deep love for animals, Ratan Tata made special arrangements in his will for his beloved pet dog, Tito.

Tito a German Shepherd is Ratan Tata’s beloved pet whom he adopted around five to six years ago. It is interesting to note that he adopted him after the passing away of his previous dog with the same name. His long-time cook, Rajan Shaw, has been chosen to look after Tito, ensuring the dog continues to receive the same affection and attention he has always enjoyed.

Ratan Tata’s loyal inner circle that includes his longtime butler and assistant Shantanu Naidu also gets a share of his will

Extending beyond family members, Ratan Tata’s will showcases his commitment to those who have been close to him. This includes Shantanu Naidu, a young executive assistant whose connection with Tata began through their shared love for dogs.

Naidu, who initially worked for a Tata Group company, gained Tata’s trust and eventually joined the Office of RNT, Tata’s private office. He is known for his successful ventures including Goodfellows and Motopaws. In his will, Tata relinquished his stake in Goodfellows and forgave a personal loan he had given Naidu for his overseas education. If this does not showcase Tata’s generosity then what does?

This generous nature of Tata’s also extends to his longtime butler. Subbiah, who had loyally assisted Tata for thirty years, is also recognized in the will. Known for his kindness, Tata frequently purchased luxury clothing for Subbiah during his international travels, a testament to his appreciation for his butler’s dedication.

A charming scene with the unassuming #RatanTata on his 84th birthday pic.twitter.com/wkmm7jhCyZ

— Harsh Goenka (@hvgoenka) December 29, 2021

Ratan Tata’s philanthropic legacy and assets and shares distribution

Even after his demise, Ratan Tata does not miss out on doing his bit in philanthropy. A significant portion of his assets is being directed to the Ratan Tata Endowment Foundation (RTEF). This also includes his shares in major Tata Group companies like Tata Sons and Tata Motors, as well as the proceeds from his startup investments.

Since its creation in 2022, RTEF has supported numerous non-profit projects and made key investments. The foundation is expected to continue under the leadership of N Chandrasekaran.

Apart from giving assets to his foundation, his will also mentions the distribution of assets to his brother Jimmy Tata, and his half-sisters Shireen and Deanna Jejeebhoy.

Properties, cars, and the executors of his will and legacy

Ratan Tata’s estate includes several notable properties, such as the Halekai house in Colaba, which he called home until his final days. It is owned by a division of Tata Sons named Ewart Investments. There is no certainty about who gets this house.

Tata also designed a beach bungalow in Alibaug, but the future of this property also remains unclear as of now. Additionally, Tata and his stepbrother Noel Tata inherited a two-storey house on Juhu Tara Road in Mumbai. However, it has been empty for over 20 years and is reportedly up for sale.

In terms of personal possessions, Tata-owned a remarkable collection of 20 to 30 cars. Reports suggest that all of his cars are stored at his Colaba residence and his Taj Wellington Mews apartment. Their future remains undecided but an auction or acquisition by the Tata Group for display in its Pune museum could also happen. Furthermore, his numerous awards will be donated to the Tata Central Archives, helping to preserve his legacy.

To execute his final wishes, Ratan Tata appointed lawyer Darius Khambata, and long-time associate Mehli Mistry who also serves on the boards of major Tata charities, as executors of his will. His half-sisters, Shireen and Deanna Jejeebhoy are also a part of it.

Who missed out?

The will of Ratan Tata showcases that aside from his brother Jimmy Tata and half-sisters Shireen and Deanna Jejeebhoy, other family members, including his stepbrother Noel Tata and stepmother Simone Tata, were not highlighted as beneficiaries.

All in all, it can be said that Tata did not appoint his half-brother as his successor during his lifetime.

What are your thoughts on Ratan Tata’s will? Do share your thoughts via the comments below.