Ratan Tata Net Worth 2020
|Popular Name:||Ratan Tata|
|Real Name:||Ratan Naval Tata|
|Birth Date:||28 December 1937|
|Birth Place:||Surat, India|
|Profession:||Businessman, Industrialist, Philanthropist|
|Years active:||1970 Till Date|
|Net Worth:||$1 Billion|
Ratan Tata is an Indian businessman and industrialist. He is an ex-Chairman of the largest Indian group of businesses, Tata Group of Companies. He is the current Chairman Emeritus of Tata Sons, the father company of the Tata Group which is in control of several major companies including Tata Teleservices, Tata Steel, Indian Hotels, Tata Motors, Tata Consultancy Services, and Tata Power. Ratan Tata net worth has been derived from his active involvement in the front line of these businesses which has seen him rise to the state of a billionaire.
After his parents separated, a 10-year-old Ratan was raised by his grandmother. He joined his family’s business soon after he graduated from school, starting as a worker at Tata Steel where he gained experience and understanding about his family business. When J.R.D. Tata retired, Ratan assumed position of Chairman of the Tata Group. The organization achieved new heights under his leadership and realized large amount of revenues from overseas. He played an instrumental role in the acquisition of Jaguar Land Rover, Tetley, and Corus, which turned the brand from a major India-Centric company to a world-known brand name.
Apart from expanding his family business, Ratan Tata has also held strategic positions in various capacities in organizations both in his home country India and abroad. He is also a leading philanthropist who has invested a sizeable portion of his share in the group in charitable trusts. Through his positive outlook and pioneering ideas, he continues to provide guidance and assistance for his conglomerate even after retiring from active duty.
Ratan Tata’s Early Life
He was born in Surat, India on 28 December 1937, to Naval Tata and his beloved wife Sonoo. His father, Naval Tata was an adopted son of Ratanji Tata, the younger son of Jamsetji Tata. Jamsetji Tata founded the Tata Group of Companies in 1868. Ratan Tata has a step-brother, Noel Tatan, and a brother Jimmy.
Ratan was just 10 when his parents divorced so he and his brother were raised by Navajbai Tata their grandma. He joined Campion School, Mumbai for his early education and completed his schooling at Cathedral and John Connon School. He earned a B.S in Architecture & Structural Engineering in 1962 from Cornell University, United States, and in 1975, he completed an Advanced Management Program at the Harvard Business School.
Ratan Tata’s Career
After his graduation in 1962, Ratan Tata joined Tata Steel as a worker before deciding to attend Harvard Business School for a management program. When Nelco was experiencing struggles, he was chosen as the company’s Director in 1971. Though it was a time of difficulty and economic recession, he did his best before moving on to become chairman of Tata Group in 1991.
Known as the “dreamer of cars”, Ratan Tata’s regime as chairman saw to the acquisition of several car companies when they were falling, including brands such as Jaguar and Land Rover, and led them to attain new heights.
Ratan Tata is a member of the Indian Prime Minister Minister’s Council on Trade and Industry. He is also a board member of leading international companies like Booze Allen Hamilton, the Mitsubishi Cooperation, and JP Morgan Chase. After several years of service, he retired from the Group in 2012, and now serves as the current Chairman Emeritus of Tata Sons, the father company of the Tata Group which is in control of several major companies including Tata Teleservices, Tata Steel, Indian Hotels, Tata Motors, Tata Consultancy Services, and Tata Power.
Awards & Achievements
Ratan Tata’s life is full of achievements. He has won several awards for his roles and contributions as an industrialist and philanthropist. He holds the third-highest civilian award by the Indian Government “Padma Bhushan”, and the second-highest award “Padma Vibhushan”. He has received a Medal of the Oriental Republic of Uruguay from Uruguay and an Order of Merit of the Italian Republic from the Government of Italy. The British Empire conferred with the “Honorary Knight Grand Cross”, and The Business of Peace Foundation awarded him an OSLO Business for Peace Award”.
Personal Life & Family
Ratan Tata has never been married and neither does he have any children. In 2011, he revealed that for four times in his life he came very close to getting married, but backed off each time in fear or different reasons.
Age & Physical Features
Ratan Tata, 82, has a body weight of 85kg and a height of 178cm. Though he is ageing, nothing seems to be stopping him from moving around and discharging his duties to the best of his capabilities.
Ratan Tata Net Worth
Ratan Tata has made all his wealth from the salaries he earned working with the Tata Group of companies.
Assets, Houses, Cars, Lifestyle
Albeit Tata Group is running more than 90 known businesses and has achieved global reputation, the ex-chairman is missing from many “Richest Persons” list. The reason for this is his magnanimity. Over 65% of his shares in the Tata Group are devoted to works of charity.
Ratan Tata is known for maintaining a low profile lifestyle despite his fortunes and fame. His dwelling place is in a small and simple house in Mumbai, Indian. He is called the “Dreamer of Cars”, but drives around in a Tata Sedan.
Ratan Tata net worth is $1 billion. The Indian legend is enjoying his private life simply playing with his dogs and doing the little things that matter to him. He is not only a billionaire in paper, for his kindness, Ratan Tata is one of the most loved and highest honored citizens in India.