Ratan Tata is and Indian Industrialist and the richest man in India, who has an estimated net worth over $1.2 Billion US dollars. He served as the chairman of Tata Group from 1991-2012 and 2016-2017. TATA Nano is considered as one of his best creations. The car helped him set a world record for the cheapest car available in the world.
Ratan Tata Biography
Ratan Naval Tata was born in 1937 on 28th December, to Sooni Tata and Naval Tata. His father Naval Tata was adopted by Navajbai Tata from J.N. Petit Parsi Orphanage. He also has a brother younger named in Jimmy Tata. Ratan’s parent separated when Ratan was only 10 years old. Later he and his younger brother were raised by Navajbai Tata, their grandmother. Ratan also has a half-brother named Noel Tata, from his father’s marriage to Simone Tata.
He completed his schooling from Cathedral and John Connon School, and then Bishop Cotton School in Shimla. He completed his graduation from Cornell University and then earned master’s in Advanced Management Program from Harvard Business School.
Ratan Tata is 79 years old and hasn’t been married once. However, has revealed that he has fallen in love four times in his life.
Ratan Tata first became the chairman of Tata Group in 1991 – 2012, during which the company’s revenues grow up by 40 percent, while the profits grew by 50 times.
During his 21 years as a chairman, he also acquired Tetley under Tata Tea, Jaguar Land Rover under Tata Motors and Corus under Tata Steel.
In 2008, Ratan introduced an affordable automobile in India, called Nano, which not only helped in raising their automobile sales but also made a world record for the cheapest work in the world.
In 2010, TATA group donated $50 million to construct an executive center. The center’s hall has been named after the all the chairman’s of Tata Sons.
Recently, Ratan Tata invested his own saving in India’s leading commercial shopping website Snapdeal, and other sites like CashKaro.com and Teabox. Last year, Ratan also invested in Dogspot, an online pet health care portal. He also bought shares worth Rs. 0.95 crore investments in Ola Cabs and Rs 1 crore, for Paytm. He also acquires a good amount of shares of Chinese Smartphone Company Xiaomi. He is very smart with his investments, which helps him in making millions every year.
Ratan Tata is also popular for his charitable works, he is known for making multiple charitable contributions to several charities spreading awareness and literacy in the country.
Ratan Tata has been awarded some of the most prestigious awards in India, including Padma Bhushan and a Padma Vibhushan. He has also won awards and honors like Inspired Leadership Award, Honorary Citizen Award, Hadrian Award, University of Amsterdam Honorary Doctorate, Baroda Management Association’s Sayaji Ratna Award, Canada York University’s Honorary Doctor of Laws and Commander of the Legion of Honor by Government of France.
How much is Ratan Tata Net Worth in 2017
Ratan Tata has an estimated net worth more than $1.2 Billion US dollars as of 2017. He earns a steady source of income, from his annual salary job at the TATA group. He is an important part of Tata Group and has a significant amount of shares in the company, including investments in other companies.
Ratan Tata is one of the most popular industrialists and billionaire. He is a business magnate and genius. He has also helped in transforming the success rate of his family heritage, Tata Group, bringing more money to his family. He has seen a business tycoon, is an idol for most business men in the country.