[KM] Keep_Mailing WHY RATAN TATA OF INDIA IS NOT IN THE LIST OF THE WORLDS' RICHEST?

WHY RATAN TATA  OF INDIA

 

IS NOT IN THE LIST OF THE WORLDS' RICHEST?

 

Here is a Real Story of Ratan Tata of India.

So many people around the world want to know:

"What is the net worth of Ratan Tata?"

 

TATA Group is running 96 businesses and out of which 28 

companies are publicly listed on the various stock exchanges.

Tata Group is worlds' top 50 Group according to 

Market Capitalization and Reputation.

 

Have you ever thought why Ratan Tatas' name is not 

in the list of billionaire's club? 

Why Ratan Tata is not a billionaire on the Forbes

magazines' list of billionaires of the world?

 

The reason is:

 TATA Groups' 96 companies are held by its main Company "TATA Sons" 

and the main owner of this TATA Sons is not Ratan Tata, but, various charitable organizations developed and run by TATA Group.

 

Out of which JRD TATA Trust & Sir Ratan Tata Trust are the main groups.

65% ownership of TATA Sons, which is the key holding company of the

other 96 TATA Group Company, is held by various charitable organizations.

 

So, the 65% ownership of Tata Sons Limited, is not reflected

on Ratan Tatas' personal Financial Statement, but, on the various

charitable organizations. That is the reason why Ratan Tata is not

in the list of Billionaire club.

 

If we put this 65% ownership of Tata Sons in Ratan Tatas' own personal

financial statement, then Ratan Tatas' net worth would become more than 

$70 billion. That would be much more than the Warren Buffets' Current Net

Worth of $ 62 billion, the worlds' richest person according to 

Forbes magazine 2008.

 

 

However, it doesn't mean that Ratan Tata is poor. 

In an interview, he told the reporter, 

"I have my own Capital." 

He is the chairman of Tata Group so, obviously he earns lots of 

money every year as a bonus, remuneration and salary. 

However, Ratan Tatas' Net worth is not $1 Billion.

 

He is not a billionaire on paper. But, in reality, he is the richest

person of the world. His net worth in reality is more than 

Bill Gates and Warren Buffet.

So, the good thing about Tata Group is that, 

they do Charity out of their Money...

 

That is the reason TATA Group has generated so much of 

Goodwill over last 5 generations...

 

 

 

 

 

 

 

 

 

 

 

 

jckrsna
Yours
Hiten A. Raja
Nairobi.
KENYA.
 
Hiten@HitenRaja.com

 

Happiness is like coke -- something you get as a by-product in the process of making something else.

 

Success is getting what you want. Happiness is liking what you get.

 

Happiness is a positive cash flow.

 

Some cause happiness wherever they go; others whenever they go.

 

If you ever find happiness by hunting for it, you will find it as the old woman did her lost spectacles. Safe on her own nose all the time.