He may not be a billionaire on paper. But in reality, he is one of the richest people in the world. His net worth, in reality, is richer than Warren Buffet.he is none other than RATAN NAVAL TATA.
Born on 28 December 1937 in a rich family, his parents got separated a few years later and he and his brother Jimmy were raised by his Grandmother. Degree in architecture with structural engineering from Cornell University Advanced Management Program from Harvard Business School, so he is smart and well educated.
In 1961 he got a Job Opportunity from IBM but rejected it, He joined his family Business but started from the bottom. He initially started on the shop floor of Tata Steel, shoveling limestone and handling the blast furnace.
He was then promoted to Director-In-Charge at the National Radio & Electronics Company Limited. The company was going through a rough financial phase at that time. Ratan suggested Nelco should invest in developing high technology products other than consumer electronics.
In 1991, when J. R. D. Tata (his uncle not his “father”) stepped down as Chairman of Tata Sons, he named Ratan as his successor. He became the group’s fifth chairman.
Under His Leadership, Tata Group saw consistent success with an increase in revenue every year. He acquired Jaguar, Corus, Land Rover and Tetley which turned an Indian company into global business players.
Let us know what are Ratan Tata’s 10 mantras of success :
But why Ratan Tata is not a billionaire on the Forbes magazine list of billionaire people of the world?
The reason is, TATA Group’s 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 the various charitable organization.
So this 65% ownership of Tata Sons Limited is not reflected on Ratan Tata’s personal Financial Statement but on the various charitable organizations. and this is the reason why Ratan Tata is not in the list of Billionaire club.