Everyone knows Elon Musk because he is the richest person in the world, with an estimated net worth of $268 billion. Everyone knows about Gautam Adani and Mukesh Ambani because they are the richest people in India. But everyone knows Ratan Tata for a different reason. It does not imply that he is not wealthy, but he is well-known for his philanthropic and humanitarian efforts rather than his wealth.
Ratan Tata, an Indian corporate giant, is unquestionably one of our country’s most adored and beloved figures. He is a terrific humanitarian who is not corrupted by his fame or success, in addition to having an outstanding commercial vision and being a generous philanthropist.
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Ratan Tata may not be the richest man on the planet or even in India, but he is certainly wealthy in his heart
The greatest man has earned the hearts of the people time and time again for his contributions to our country and for making it a better place. The owner of the Tata Group of India also showed that being on the Forbes list does not make one wealthy, but using wealth for society does.
According to IIFL Wealth, Hurun India Rich List 2021, there are 432 Indians richer than Ratan Tata
He has undoubtedly given us valuable life lessons that may assist us in becoming better human beings, which is why no one in India has heard of him or been inspired by him. But one question arises in everyone’s mind: if he is such an amazing industrialist, then where did his wealth go? It makes him not even in the top 100 wealthy people in the world.
Have a look at where the money has gone:
A total of 66% of the family’s and company’s fortune is donated to charity
The Tata Trusts own 66% of Tata Sons’ shares, and dividends go straight to the trusts’ charitable efforts. The Tata group has fine-tuned its purpose over the last century and a half to meet India’s most pressing needs. Ratan Tata’s personal financial statement is unaffected by the company’s profits because of his charitable efforts.
Since the company’s inception, Ratan Tata and his family have been interested in charitable activities. He has made several contributions to India’s growth, including hospital facilities, school reform, and so on.
The Tata Group owns a number of businesses
The Tata Group is a multinational conglomerate with holdings in metals and mining, information technology, retail, autos, hotels, chemicals, transportation, utilities, and a variety of other industries. It has at least 29 publicly traded firms and many more that aren’t.
Despite possessing all of these, the Tatas have never owned too many of their own firm shares, because of Jamsetji Tata’s policy, which stipulates that the majority of their earnings in Tata Sons be transferred to Tata Trusts. Much before Bill Gates and other philanthropists, the Tatas were the most prominent donors.
Ratan Tata may not be the wealthiest man in the world, but he is without a doubt the greatest and most popular. He demonstrated that being on the Forbes list does not make a person wealthy, but intentions do. And one of the best things about his humanitarian works is that he did it all without doing any publicity. All he did to make alive JRD Tata’s legacy on which Tata company flourished and apart from this, all he did this because he want and that is what matters most.
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Also read: 23 Ratan Tata Quotes That Will Inspire You For Success In Life
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