Many people ask the question, why Ratan Tata is not in the billionaire List? We normally read the news about Bill gates Net Worth, Carlos Net Worth, warren buffet’s Net Worth and two of the Indian billionaire Mukesh Ambani and Lakshmi Mittal, but have you ever thought, why Ratan Tata’s Net Worth never calculated by these authorities. Ratan Tata is the wealthiest person in the world.
So why Forbes magazine is not giving the position in the billionaire list? Don’t worry, “you don’t need to Google it” we will tell you the exact reason.
The Tata Group is among the top reputed group in the world. They are running 96 businesses and out of that 28 companies are publicly listed in the various stock exchange market. Tata group rank worlds top 50 groups according to the Market capitalization and Reputation Authority. The reason why he is not in the top ten lists is their 96 Companies are held by “TATA Sons” and the owner of the TATA Sons is not Ratan Tata. It is operated through various charitable organizations developed and run by TATA Group. They smartly invest their money to develop their business, not for the global recognition.
Sir Dorabjee Tata Trust, JRD TATA Trust and Sir Ratan Tata Trust are the main charitable organization who operates the TATA Sons. This ownership is not reflected on Ratan Tata’s personal financial statement. That’s the reason why he is not in the list of billionaire Club. In reality he is the true billionaire but not on the paper.
If we actually calculate his exact net worth combining the 65% of ownership of TATA Sons in Ratan TATA’S personal financial statement then Ratan Tata’s net worth can become more than $70 billion and it is much more than the current Billionaire Warren Buffet’s Net worth of $69 billions [according to Forbes-2012]. Ratan Tata can easily push back both the billionaire Warren Buffet’s and Bill gates in billionaire club.
However, it doesn’t mean that rattan Tata not earning that much of the money. In recent interviews he had told the reporter that. “ I have my own capital”. He is the chairman of the Tata Group so obviously he is earning lots more than we can imagine.
The good thing about Tata Group is they do Charity. That’s the reason why they have built so much of Goodwill over last 5 generation.