Ratan Tata is the real richest person in the world, Here’s Why

Who is the richest person in the world according to Forbes? Everyone knows the answer and it is Jeff Bezos. Following Bill Gates, Bernard Arnault, Warren Buffet, Mark Zuckerberg, and so on.

Ever thought if Forbes’s list is completely correct? Because after reading this, you wouldn’t trust it blindly.

Surprisingly, there’s a multinational company which makes a turnover which is far beyond the figures made by the ones mentioned above. And to add to that, the chairperson or owner of that company is an Indian. No, he isn’t Ambani.

He is none other than Mr. Ratan Tata, the owner of Tata Group of India. Mr. Ratan Tata might not be the richest man in the world but for sure, he is rich at heart. The greatest man has won people’s hearts time and again for his contribution to our country and to make the nation a better place. The owner of Tata Group of India also proved that being on the Forbes list doesn’t make one rich but giving it back to the society is one that matters the most.

Everyone is quite familiar with Bill Gates’ net worth, which is estimated at $86 billion. But, it is Mr Ratan Rata who is richer than Bill Gates. It may be confusing but after reading this piece, you would get clarity.

Ratan Tata’s multinational company makes a staggering turnover which is even beyond the figures made by Jeff Bezos, Bill Gates or Mark Zuckerberg.

About Tata Group:

The company founded back in 1868, gained it’s international recognition after it’s association with various brands worldwide. Today, in India 4 out of 5 top-ranked companies belong to the Tata Group. Besides that, they have 96 companies under them amongst which 36 publicly listed Tata enterprises including Titan, Tata Steel and several more. The combined market capitalization is more than $130 billion.

Why Ratan Tata is not on the list of richest men in India?

This is because 65% of the family’s and the company’s fortune is given away as charity. Surprised again? Hence, any profit made by the company doesn’t impact Ratan Tata’s personal financial statement and goes straight to charitable organizations. His net worth never crosses the $1 billion mark.

Ratan Tata and his family are involved in philanthropic work since the company’s establishment. He has a lot of contribution to the development of India through healthcare facilities, improving the education system and so on.

The entire world is Thankful..

Tata group donated ₹2.20 billion to the Harvard Business School which is the largest amount received by the institute from an international donor. The group was awarded the Carnegie Medal of Philanthropy in 2007.

12 years of Tata-JLR: A journey from 5 billion pounds to 25 billion pounds

Tata Motors bought Jaguar and Land Rover in all-cash transaction of $2.3 billion from Ford in June 2008. Nearly half of what Ford Motor paid to acquire both brands. At that time JLR’s retro designs was getting outdated, and competing with new efficient diesel engines was just making the British carmaker redundant.

Tata Motors Ltd’s December quarter (Q3 FY20) consolidated net profit of ₹1,756 crore beat Bloomberg’s consensus estimate of a ₹673 crore profit by a mile.

BMW & Tata Motors have already agreed to collaborate on their next generation of electric cars last year.

The well-being of your employee is your duty.

Apart from charity, it ensures the betterment of its employees. They introduced a modern pension system, maternity leaves, medical facilities and much more for the benefit of all employees throughout India.

After the 26/11 attacks on his Taj Hotel in Mumbai, Ratan Tata looked after its employees during the time when the hotel was dysfunctional by ensuring that the staff gets their pay-checks throughout this time. He also compensated the employees at the railways, police stations, market vendors and even pedestrians.

Recently, Ratan Tata announced its help to eradicate malaria from India by investing $70 million in the construction of Tata Institute of Genetics and Society in Bengaluru that will modify the DNA of Indian mosquitoes to make the country free of this deadly disease. Ratan Tata will be the trustee of that institute.

“What I would like to do is to leave behind a sustainable entity of a set of companies that operate in an exemplary manner in terms of ethics, values and continue what our ancestors left behind” – Ratan Tata.

He proved that being on the Forbes list doesn’t make a person rich but actions definitely does.

Business magnate Ratan Tata often hits the headlines for all the right reasons. Meanwhile, the legend himself has penned down some important tips for Indians on Instagram about how should they proceed setting up business after COVID-19 world.

Ratan Tata has invested in multiple startups. Besides this, The Tata Trust has also donated a staggering ₹500 crore to fight against COVID-19 epidemic for the purchase of PPE kits for the medical personnel, purchase of testing kits and more.

541-bed facility in 124 days: Kasaragod gets Kerala’s first COVID hospital in record time.

The first dedicated hospital for COVID in Kerala will be ready in a week. The hospital with 541 beds is being set up on five acres of land at Puthiyavalapu, Chattanchal, in Kasargod district.

The Tata Group, which is building the hospital, has informed the district administration that the construction is nearing completion and is ready to be handed over.

Ratan Tata is an inspiration. We salute him for contributing at such a large scale to make this world a better place to live in.

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