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Noel Tata Net Worth: Ratan Tata's half-brother Noel Tata once missed becoming the chairman of Tata Sons. However, this time he was chosen as the successor to Ratan Tata and has become the new chairman of Tata Trust. With his hard work he has made Tata Group recognized all over the world. His net worth is estimated to be around $1.5 billion (Rs 12,455 crore).
Noel Tata said- Ratan Tata's work will be taken forward
Noel Tata, who was the chairman of Tata Trent and Tata International, said after being elected chairman of Tata Trust, I am feeling very honored. I have been entrusted with a huge responsibility. We have to carry forward the tradition and honor of late Ratan Tata and the Tata Group with full responsibility.
Tata Trust has been doing great work in the service of society for more than 100 years. We will continue to engage in this work with full enthusiasm in the coming times also. We will continue our cooperation in nation building, development and encouraging new experiments.
Tata International and Trent got promotion
Noel Tata was born in 1957. He had proved his business acumen. He was always considered the successor of Ratan Tata. Noel Tata, son of Naval Tata and Simone Tata, studied at the University of Sussex, UK. After this he studied at France's prestigious business school INSEAD.
For this reason he was given the responsibility of Tata International. In June 1999, he was appointed MD of Trent, the Tata Group's retail company, which was running a successful business called Westside.
Noel is son-in-law of Tata Pallonji Mistry
In 2003, he was inducted into the boards of Titan Industries and Voltas. But, in 2011, the reins of Tata Sons were handed over to Cyrus Mistry, brother of his wife Aloo Mistry, who was ousted in 2016 and Ratan Tata again became the interim chairman. Amidst these incidents, Noel Tata remained quietly engaged in his work. He kept getting new responsibilities.
His net worth is around $1.5 billion
Noel Tata and Aloe Mistry have three children. Their names are Maya, Neville and Leah. All of them are gearing up to take up the responsibilities in Tata Group. Noel Tata is a citizen of Ireland. According to media reports, his net worth is one and a half billion dollars. Trent has become the 5th Tata Group company to achieve a market cap of Rs 1 lakh crore last year. Trent's net profit in the year 2022 was Rs 554 crore.