Ratan Tata Net Worth, 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.
Net worth | INR 71,64,62,00,000.00 (USD 1 billion) (2020) |
Full Name | Ratan Naval Tata |
Born | December 28, 1937 |
Age | 82 |
Birth Place | Bombay, Bombay Presidency, British India |
Occupation | Chairman present, Tata Sons; Chairman, Tata Group |
Marital Status | Married |
Nationality | Indian |
Height | 5 ft 10 in (178 cm) |
Weight | In kilograms: 80 kg; In pounds: 176.37 lbs |
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.
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:
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.
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
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.
Ratan Tata serves in senior capacities at various organizations in India and has been honoured with several awards.
He has also been conferred an honorary doctorate in
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).
Here are some interesting facts about the most popular businessman in India, Ratan Tata, his personality and achievements that are worth knowing.
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