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Why ratan tata is not in the list of the world's richest

Discussion in 'World Economy' started by Manmohan Yadav, Nov 20, 2012.

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  1. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    Here is a Real Story of Ratan Tata.
    So many people around the world want to know that "What is t
    h...e Net
    Worth of Ratan Tata"?

    TATA Group is running 96 businesses and out of which 28 Companies are
    publicly listed on the various stock exchanges.
    Tata Group is world's top 50 Group according to Market capitalization
    and Reputation.

    Have you ever thought why Ratan Tata's name is not in the list of
    billionaire's club? why Ratan Tata is not a billionaire on the Forbes
    magazine list of billionaire people of the world?

    The reason is that, TATA Group's 96 companies are held by its main
    Company "TATA Sons" and the main owner of this TATA Sons is not Ratan
    Tata but various charitable organizations developed and run by TATA
    Group.

    Out of which JRD TATA Trust & Sir Ratan Tata Trust are the main groups.
    65% ownership of TATA Sons which is the key holding company of the
    other 96 TATA Group Company is held by various charitable
    organizations.

    So this 65% ownership of Tata Sons Limited is not reflected
    on Ratan Tata's personal Financial Statement but on the various
    charitable organizations. and this is the reason why Ratan Tata is not
    in the list of Billionaire club.

    if we put this 65% ownership of Tata Sons in Ratan Tata’s own personal
    financial statement then Ratan Tata's Net worth can become more than $
    70 billion. and that's much more than the Warren Buffet's Current Net
    Worth of $ 62 billion, the world's richest person according to Forbes
    magazine 2008.


    However, it doesn't mean that Ratan Tata is poor. In one of the interviews he
    had told the reporter that, "I have my own Capital". He is the
    chairman of Tata Group so obviously he earns lots of money every year
    as a bonus, remuneration and salary. However, Ratan Tata's Net worth
    is not $ 1 Billion.

    He is not a billionaire on paper. but in reality he is the richest
    person of the world. His net worth in reality is more than Bill Gates
    and Warren Buffet.
    So the good thing about Tata Group is that, They do Charity out of
    their Money...

    And that is the reason TATA Group has generated so much of Goodwill
    over last 5 generations...
     
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  2. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    TATA is the richest Man in the world :secret:
     
  3. Sinchan

    Sinchan Lieutenant FULL MEMBER

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    Thank u sir for this amezing post,i didn't know these facts about tata but love to know.every bussinessman like ambani should do charity of their money(although they will never).
     
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  4. brahmos_ii

    brahmos_ii Major SENIOR MEMBER

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    From here the point what we have to take do your business but in some trust name so you will get advantage of TAX & harassment of politicians for party fund. :crazy: just kidding,

    In reality TATAs thought India how to do the business.
     
    Last edited: Nov 20, 2012
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  5. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    the thing is that TATA does charity with a large part of his income
    while others dont

    BTW, i like your new avatar
    PYARE SHIN CHAN :partay:
     
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  6. brahmos_ii

    brahmos_ii Major SENIOR MEMBER

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    Everyone does the charity, see Wipro Ajim Prem ji also did and also received some medal from IOG, even I do charitable activities contributing Rs. 10000/- a year for CRY and like orgs even though I’m just mere employ.

    Check the IOG Tax laws if a trust owns a business then tax imposed on it is less than the tax imposed on a biz hold by a individual…
     
  7. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    Yes thats the primary reason
    the TATAs are owned by Charities
    and those charities are owned by TATA family.
     
  8. Devil

    Devil Captain SENIOR MEMBER

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    it is the same thing that rockefellars and rothchilds from this list i think only rothchilds and rockfellars have survived unless i am wrong and very well can be because these people are very good at keeping their own names under wraps

    13 Bloodlines of The Illuminati
     
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