Rattan Tata Net Worth, Business Status and Death

Ratan Tata was an Indian industrialist, philanthropist, and former chairman of Tata Sons. He was chairman of the Tata Group from 1990 to 2012 and temporary chairman from October 2016 to February 2017.

He continued to lead the organization's charity trusts. In 2008, he was awarded the Padma Vibhushan, India's second highest civilian decoration, following the Padma Bhushan, India's third highest civilian distinction, in 2000.

He was Naval Tata's son, adopted by Ratanji Tata, the son of Jamsetji Tata, the Tata Group's founder. He holded a bachelor's degree in architecture from Cornell University's College of Architecture. He joined Tata Steel in 1961 and participated the shop floor.

He succeeded J. R. D. Tata as chairman of Tata Sons when the latter retired in 1991. During his tenure, the Tata Group acquired Tetley, Jaguar Land Rover, and Corus in an effort to transform Tata from a primarily India-focused company into a worldwide player.

Tata was also one of the world top philanthropists, donating between 60 and 65 percent of his earnings to charity. On Wednesday, October, 9, 2024, Rattan Tata died in Mumbai. 

Ratan Tata Net Worth

How much was Ratan Tata worth? Ratan Tata's net worth was estimated to be approximately ₹3800 crores or $5.4 billion. He was the 421st wealthiest Indian, according to the IIFL Wealth Hurun India Rich List 2022. The majority of his wealth rooted from his ownership of Tata Sons, the critical investment holding firm and sponsor of Tata Enterprises. He also had various stakes in startups and technological companies, which added to his riches.

Ratan Tata net worth in Rupees: ₹3800 crores

Ratan Tata net worth in billions: $5.4 billion

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Rattan Tata Early Life

Ratan Tata was born on December 28, 1937, into a Parsi Zoroastrian household in Bombay, which is now Mumbai, under the British Raj. He was the son of Naval Tata, a Surat native who was later adopted into the Tata family, and Sooni Tata, Jamsetji Tata's niece, the founder of the Tata company. Tata's biological grandpa, Hormusji Tata, was a blood related in the Tata family. When Tata was ten years old in 1948, his parents divorced, and he was taken in and reared by his grandmother, Navajbai Sett, who was also Ratanji Tata's wife. He was reared by his half-brother, Noel Tata, from Naval Tata's second marriage to Simone Tata, and his younger brother, Jimmy Tata.

Ratan Tata Education: He attended Campion School in Mumbai until the eighth grade. After that, he attended the Cathedral and John Connon Schools in Mumbai and the Bishop Cotton School in Shimla. Later, he joined Riverdale Country School in New York City, where he graduated in 1955. Tata studied at Cornell University after graduating from high school, and he earned a bachelor's degree in architecture in 1959. Tata donated $50 million to Cornell in 2008, becoming the university's highest international donor in history. 

Personal Life: Who was Ratan Tata Wife?

Mostly, People asked about Rattan Tata wife and Rattan Tata children; but unfortunately Rattan Tata never married. It is important to note that he came close to marrying four times but was unable to do so for a variety of reasons.

He claimed that while working in Los Angeles, he fell in love. However, due to the 1962 Indo-China War, the girl's parents refused to transfer her to India. Afterwards, he never married.

Rattan Tata Financial Career

In 1962, he joined Tata Sons and began working on the floor. It was a demanding and stressful work, but he gained valuable experience and knowledge of the family business. In 1971, he was appointed Director-in-Charge of NELCO (National Radio and Electronics Company Limited). The corporation was going through a financial crisis. Ratan Tata worked hard to improve its consumer electronics industry, but the economic downturn and union disputes hampered his efforts. 

In 1977, he was transferred to Empress Mills, another troubled Tata Group subsidiary. He devised a strategy for the mill's resurrection, but the other corporate leaders rejected it, and the mill was closed. Ratan Tata was once again relocated to Tata Industries.

Ratan Tata became the Tata Group's Chairman in 1991 after JRD Tata appointed him. Other executives objected, expressing concern about his capacity to manage the obligations. Ratan Tata successfully enhanced the Tata Group's overall standing after taking over as chairman. He adjusted the division's administration and vision while simultaneously increasing payouts.

During this time, he also served on the Prime Minister's Council for Trade and Industry. He served on the RAND Advisory Board for Asia Pacific Policy. He was an enthusiastic participant in India's AIDS initiative program. He also served on the international advisory boards for Mitsubishi Corporation, Booz Allen Hamilton, JP Morgan Chase, and the American International Group.

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Ratan Tata resigned as chairman of the Tata Group in December 2012, the year of his 75th birthday. The Shapoorji Pallonji Group's managing director, Cyrus Mistry, was appointed the next chairman of the Tata Group. From October 2016 to February 2017, he served as chairman in the interim. He continued to actively invest in new, potential business projects despite being retired. He made substantial donations to many national charities as a committed philanthropist.

Rattan Tata Awards

Philanthropist

Ratan Naval Tata was an outstanding businessman who is also profoundly concerned with social concerns. He is a well-known philanthropist in India who works to enhance education, medicine, and agriculture.

Tata helped the Faculty of Engineering at the University of New South Wales develop capacitive deionization to improve water quality in underserved areas. 

In 2010, Tata Group Enterprises and Tata Charities donated $50 million to Harvard Business School to build an executive center. As a result, the executive center was named after Rattan Tata and is now known as Tata Hall. As a reminder, Rattan Tata had previously completed his seven-week Advance Management Program at the same business school.

TCS Hall, a 48,000-square-foot structure, was created using a $35 million grant from TCS. TCS has donated the single most considerable corporate philanthropic contribution to Carnegie Mellon University (CMU) for intelligent systems and automated vehicle research facilities.

The Tata Education and Development Trust, a nonprofit arm of the Tata Group, has launched a $28 million Tata Fundraising Campaign, allowing Cornell University to provide financial assistance to Indian undergraduate students. The Tata Trusts, chaired by Rattan Tata, donated 750 million to the Indian Institute of Science's Centre for Neuroscience to research the elements that cause Alzheimer's.

List of Companies Owned by Tata

1. Tata Consultancy Services
2. Jaguar Land Rover
3. Tata Steel Limited
4. Titan Company Limited
5. Tata Power Company Limited
6. Vistara 

Rattan Tata Death 

Rattan Tata died on Wednesday, 9th October, 2024 in Mumbai. There are no actual reports of cause of his death. It is stated that he went to hospital for regular checkup.

He was admitted to Breach Candy Hospital owing to age-related issues. He was battling with hypotension induced by low blood pressure. He died there at the age of 86.