Ratan Tata’s Birth Anniversary: Industrialist and philanthropist Ratan Tata passed away on the night of October 9, at the age of 86. Here is the breakdown of the net worth of the ex-chairman emeritus of Tata Sons.
According to reports, Ratan Tata’s estimated net worth was Rs 7,900 crores as of 2024. The majority of his net worth came from the holding company of Tata Group and Tata Sons. Additionally, a significant amount of his money was donated to charitable trusts.
Ratan Tata’s Net Worth – Salary & Assets
Ratan Tata’s annual remuneration is believed to be Rs 2.5 crores or about $300,000 annually. His property includes a sea-facing bungalow in Mumbai’s Colaba worth Rs 150 crores. His salary includes earnings from his dividend – ‘small personal stake in Tata Sons.’
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NOTE: 66% of Tata Sons’ profits went to charitable trusts including educational and healthcare institutions.
Ratan Tata’s Investments & Cars
Investment: Reports stated that Ratan Tata has invested in various startups and tech companies such as Ola and Paytm.
Ratan Tata was fond of cars, he had an interest in their design and mechanism.
Cars: Tata Nano, Tata Nexon, Mercedes-Benz SL500, Land Rover Freelander, Maserati Quattroporte, Cadillac XLR, Chevrolet Corvette, and Honda Civic
Donations
Ratan Tata has donated more than $1.2 billion (Rs. 9,000 crores approx.) to philanthropic works in different areas including healthcare, education, rural development, etc.
Philanthropist Legacy
Ratan Tata was considered as the leading philanthropist of India. He extensively supported education, medicine and rural development. He also supported and donated to international universities. He helped UNSW Faculty of Engineering to develop Capacitive deionization to provide improved quality water to deficit areas.
A philanthropic affiliate of Tata Group, Tata Education and Development Trust, endowed a $28 million Tata Scholarship Fund to Cornell University to provide financial aid to undergraduate students from India. It has given donations and endoments to several universities like Carnegie Mellon University, Harvard Business School (HBS), Indian Institute of Science.
