A former chairman of Tata Sons, Ratan Tata is an Indian industrialist who is well known for his business ethics and philanthropy. Also known as the man of commitment, Ratan Tata has a net worth of USD 1 billion in 2020, started from the root of Tata Group. Over 100 operating companies are operating under the Tata group which is spread across six continents. He is best known for the face behind changing automotive industry in India into global climate change era. In November 2007, he was listed among the 25 most powerful people in business by Fortune magazine.
Ratan Tata Net Worth in 2020
|Net worth||INR 71,64,62,00,000.00 (USD 1 billion) (2020)|
|Full Name||Ratan Naval Tata|
|Born||December 28, 1937|
|Birth Place||Bombay, Bombay Presidency, British India|
|Occupation||Chairman present, Tata Sons; Chairman, Tata Group|
|Height||5 ft 10 in (178 cm)|
|Weight||In kilograms: 80 kg; In pounds: 176.37 lbs|
Ratan Tata Properties
The businessman, Ratan Tata is currently living a luxurious lifestyle in Mumbai, India. The property is worth INR 150 crores which he bought in 2015. His elegant sea-facing mansion is a three-storied house is divided into seven levels, located opposite to Colaba post office.
The top floor has an infinity pool, a sun deck that runs across the entire floor, and a bar. The mansion basement has a parking space for 10-12 cars and has a servant quarters. His splendid white house of the floor-to-ceiling window with ana area of 13,350 square feet has a breathtaking sea view.
The historic privately owned building in Fort, The Bombay house serves as the head office of the Tata Group. Ratan Tata also holds multiple properties across various states and internationally too.
Ratan Tata Cars
The billionaire Ratan Tata is fond of cars and has luxuries cars standing in his garage. He also owns a Dassault Falcon 2000 private jet which is estimated to be worth USD 22 million. Ratan Tata cars include:
- Ferrari California,
- Cadillac XLR,
- Land Rover Freelander,
- Chrysler Sebring,
- Honda Civic,
- Mercedes Benz S-Class,
- Maserati Quattroporte,
- Mercedes Benz 500 SL,
- Jaguar F-Type, and some others.
What Contributed to Ratan Tata Net worth?
With an astonishing net worth of INR 7164 crores or USD 1 billion, Ratan Tata as made billions through his hard work, commitment, and historical mergers in Tata Group companies.
Ratan Tata was born in Mumbai on December 28, 1937, to Naval Tata (born in Surat). He did his schooling from the Campion School till class 8 and then went to Cathedral and John Connon School and Shimla at Bishop Cotton School. He completed his graduation from Riverdale Country School in New York City in 1955 and has attended the 7-week Advanced Management Program of Harvard Business School.
He received a degree in Architecture from Cornell University in 1959. Take a look at the image below from the university.
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It is overwhelming how quickly time passes. Be it the struggles of yesterday or the good days close to heart, everything seems to have happened not very long ago. I look at the years since this picture at Cornell, and I’m heartened by the richness of experiences, opportunities and lessons I have learnt. Life should be full of these, because the years can truly be elusive. #tbteveryday
In 1962, he joined the Tata group on the advice of JRD Tata after turning down a job with IBM. He was sent to Jamshedpur and worked on the floor with other blue-collar employees. It was under Ratan Tata only, profit grew over 50 times revenues, over 40 times during his 21 years.
In 1971, Ratan Tata was appointed the Director-in-Charge of NELCO (National Radio & Electronics Company Limited). NELCO had 2% market share in the consumer electronics market and when Ratan took over, NELCO loss margin of 40% of sales. But the losses were soon recovered in 1975 and eventually, NELCO grew to have a market share of 20%.
Ratan was entrusted with a textile mill known as Empress Mills in 1977. Being controlled by the Tatas, he through his clever business skills managed to turn the mill from being a sick unit to even declaring a dividend. He was named director of Tata Industries in 1981.
Ratan Tata then took over as group chairman from J.R.D. Tata in 1991, ushering in younger managers by pushing out the old guard.
It was under his stewardship that
- Tata Motors was listed in the NYS (New York Stock Exchange),
- Tata Consultancy Services went public,
- Helped company Tata Tea to acquire Tetley,
- Boldly got Tata Motors to acquire Jaguar Land Rover,
- Tata Steel to acquire Corus,
- 65% of revenues coming from operations,
- Sales in over 100 countries
Ratan Tata attended Harvard Business School interview for Creating Emerging Markets project in 2015. In the interview, he explained how significant the development of Tata Nano was to pull Indian cars at a price-point within reach of the average consumer in India.
Awards for Ratan Tata
Ratan Tata serves in senior capacities at various organizations in India and has been honoured with several awards.
- He was honoured with the Padma Bhushan on the occasion of India’s 50th Republic Day on January 26, 2000.
- He was awarded the Padma Vibhushan on January 26, 2008, the second-highest civilian decoration.
- The Government of Singapore conferred honorary citizenship on Ratan Tata on August 29, 2008, in recognition of his contribution to the growth of high-tech sectors in Singapore and abiding business relationship with the island nation.
- He was appointed an honorary Knight Commander of the British Empire in 2009.
He has also been conferred an honorary doctorate in
- Business administration by the Ohio State University,
- Technology by the Bangkok, Asian Institute of Technology,
- Science by the University of Warwick,
- Law from the University of Cambridge.
Ratan Tata is considered a leading philanthropist in India. His charitable organization, Tata Trusts owns 66% stocks of Tata Sons. Ratan Tata headed the Trust himself when he was the chairman of the group, and during that time, the Tata Trust contributed over USD 800 million towards various charitable causes.
The company also donated INR 950 million to the Indian Institute of Technology, Bombay to develop design and engineering principles and form Tata Center for Technology and Design (TCTD).
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The Government of Odisha along with the Tata Trusts and the Norman Foster foundation set out to give the slum dwellers land rights and to transform slums into livable habitat under the “Jaga mission”. This involved geospatial drone mapping of the slums to designing the right neighborhood to inviting the slum dwellers to be a part of the process. It makes me so happy that the Government of Odisha was awarded with the World Habitat Award for this effort. After all, we are only as strong as the communities we empower.
Interesting facts about Ratan Tata you should know
Here are some interesting facts about the most popular businessman in India, Ratan Tata, his personality and achievements that are worth knowing.
- Ratan Tata has successfully achieved some high profile mergers, now termed as historical mergers for his Tata Company. The merger includes Tetley with Tata Tea, Land Rover Jaguar with Tata Motors, and Corus with Tata Steel. These mergers have successfully contributed to the growth and expansion of the company.
- Ratan Tata’s father Naval Tata was the adopted son of Navajbai Tata and Ratanji Tata. Ratan Tata parents got separated when he was 10 years old and was raised by his grandmother since 1940.
- His first job was at the Tata Steel where his first responsibility was to manage shovel limestone and blast furnace. He took up in the year 1961.
- In Harvard Business School, there is an entire building named after Ratan Tata.
- He became the 1st Indian civilian in 2007 to fly an F-16 Falcon when he co-piloted the US multi-role combat aircraft for about 40 minutes at the Aero India show. Below is the image where you will see Ratan Tata flying the F18 Super Hornet at the Bangalore Aero Show.
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It is not just the end of a year, but the end of a decade too. I look forward with excitement to the new decade ahead, which is a great time to be relevant, to stand for causes you believe in, to create something from scratch, make special connections, laugh, and write a little bit of history. Here’s one of my favorite moments from this decade, flying the F18 Super Hornet at the Bangalore Aero Show.