Have you ever wondered why Ratan Tata is not on the list of Forbes? The Richest Man category. This is quite mysterious that the most influential group of company with 96 business and it takes up the position of top 50 according to Market capitalisation and Reputation. Then why didn’t this man never got on the richest man list? Here the below facts let you know why he’s not on the billionaire list!
TATA Group has 96 companies are helped by the ” TATA Sons” but not all the companies under several charitable organisations which are yet run by the TATA Group.
Though Ratan Tata controls the trust he doesn’t take the income and expenditure for himself. It’s because of the fact that nearly 65% of his under the charity and not his personal account.
If we sum up all his wealth by including this 65% expenditure then Ratan Tata’s net worth would be $85 Billion which is higher than Warren Buffet’s Current Net Worth of $ 62 billion who is considered as the richest person according to Forbes.
You would be very excited to hear the fact that his Net Worth apart from adding charity is not even 1 billion Dollar.
Since from establishment, the TATA family is involved in the philanthropic work. Lending hands to others weren’t developed all of a sudden. They have contributed to the preservation of arts in India, the betterment of healthcare facilities, for raising the standards of the education system, for equality and sports.
The charity is not limited to India, they have shared the profit for the international causes too.
Tata group donated $2.20 billion ($50 million) to the Harvard Business School, the largest amount received by the institute from an international donor.
These Tata Consultancy Services have also designed a software that educates an illiterate within 40 hours and helps him to read.
Tata companies that are working for social cause
- The Energy and Resources Institute, a non-governmental research institute
- The JRD Tata Ecotechnology Centre
- National Centre for Performing Arts
- Tata Center for Technology & Design at Massachusetts Institute of Technology
- Tata Centre for Technology & Design at IIT Bombay
- Tata Cricket Academy
- Tata Football Academy
- Tata Institute of Social Sciences
- Tata Management Training Centre
- Tata Medical Center, inaugurated on 16 May 2011 by Ratan Tata
- Tata Memorial Hospital
- Tata Trusts, a group of philanthropic organizations
- Tata Cancer Hospital
They have recently announced that they would completely eradicate malaria from India. $70 million is being invested in constructing genetics institute in Bangalore that is yet to modify the DNA of Indian Mosquitos that will make this country get rid of this deadly disease. Ratan Tata himself is the trustee of this isnstitute.