Saturday , November 23 2024

Why did Ratan Tata not appear in the list of top billionaires? read the reason

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Ratan Tata, known as the country's Ratan Samana business tycoon, was one of the most influential businessmen in the world. He was handling 30 companies doing business in more than 100 countries on six continents. However, his name never appeared in the list of world's top billionaires. The man who was running the country's biggest business for six decades. How can it be that he is not even in the list of top-10 or top-20 richest people of the country? But this is true. The reason for this could also be the large scale philanthropic work done by the Tata family through the Tata Trust.

This rule was made by Jamsetji Tata

The Tata family members did not take much stake in their own companies. This constitution was created by Jamsetji Tata himself. Most of the earnings at Tata Sons are donated to the Tata Trust. The Tata family has long been a leader in philanthropy, including the likes of Bill Guest.

Took over family business in 1991

Ratan Tata took over his family business in the year 1991. The Indian government initiated radical free-market reforms that year. Due to which Tata benefited a lot. Under his 21-year leadership, the Tata Group scaled new heights in businesses ranging from salt to steel. The Tata Group's global presence expanded, including British luxury brands such as Jaguar and Land Rover.

worked with laborers

With a portfolio ranging from software to sports, Ratan Tata is credited with establishing the Tata Group as a globally recognized business conglomerate. Ratan Tata died on Wednesday October 9, 2024 at the age of 86. Ratan Tata was a shy student. He wanted to become an architect. While he was in America, his grandmother asked him to come home and join the huge family business. Before taking over his family business, Tata worked as an apprentice in the lower part of the shop near the blast furnace. He lived in a hostel. I once told him that that time was very important for me. Because, I worked with laborers.