New Delhi. Who does not know about Ratan Tata, the head of the country’s most prestigious and oldest industrial house, Tata Group. Every child knows the stories of his simplicity and patriotism. Everyone knows the success of Tata Group and you probably also know the market capital of this huge group. But, do you know how much property Ratan Tata, who runs a business group worth lakhs of crores, owns.
If you look at the list of rich people often appearing in the news, you will come to know that the own capital of many new businessmen is in lakhs of crores. On the same lines, if we talk about the head of the country’s oldest industrial group, then Ratan Tata should also have assets worth several lakh crores of rupees. But, we have brought such a shocking revelation for you that you will not believe once you know it.
Also read – If you are transacting money through mobile, then know the new limit of UPI transaction and wallet, RBI has given big relief.
What is the market cap of Tata Group?
You can estimate the vastness of Tata Group from the fact that today there are 29 listed companies under it. Yes, listed companies which have been listed in the stock market and all their data is available to the general public. If we look at the total market cap of all these 29 companies, it is said to be around $403 billion (about Rs 33.7 lakh crore) by August 20, 2024.
What is Ratan Tata’s net worth?
If we talk about Ratan Tata’s total wealth, even though his companies are making waves across the world in terms of earnings, Ratan Tata himself is the owner of a modest amount of property. According to IIFL Wealth Hurun India Rich List 2022, his total net worth is said to be just Rs 3,800 crore. A year ago i.e. in 2021, his total wealth was said to be only Rs 3,500 crore. In such a situation, his total assets are not even 0.50 percent of the total assets of the company.
Why is Ratan Tata’s wealth so little?
If seen from the market cap of Tata Group, Ratan Tata’s wealth is nothing. Obviously, this question must be arising in your mind that where does the total income of the company go? So, let us tell you that all the companies of Tata Group come under Tata Trust and its holding company is Tata Sons. This company spends 66 percent of the total income of all its firms in charitable works. Obviously, instead of taking the earnings of his companies himself, Ratan Tata spends them on the country and his countrymen through a trust.
Tags: business news, High net worth individuals, Ratan father, Tata Motors
FIRST PUBLISHED: October 10, 2024, 03:06 IST