Ratan Tata’s 86th Birthday, the Chairman Emeritus of Tata Sons, celebrated his 86th birthday on December 28. He is recognized as the ‘most followed entrepreneur’ in India, boasting over 12 million followers on X (formerly Twitter), as per the 360 ONE Wealth Hurun India Rich List 2023.
Born in Mumbai on December 28, 1937, to Naval Tata and Sooni Tata, Ratan Tata attended Campion School until 8th grade and continued his education at the Cathedral and John Connon School in Mumbai, Maharashtra and the Bishop Cotton School in Shimla, Himachal Pradesh. After studying architecture at Cornell University, he briefly worked in Los Angeles before returning to India in 1962.
In the same year, he joined the Tata Group, initially working with the Tata Steel division in Jamshedpur. After completing a management course at Harvard Business School in 1975, he assumed the role of chairman of the Tata Group in 1991.
Despite not being among the wealthiest individuals in the country, Ratan Tata is renowned for his business acumen and strong work ethic.
Ratan Tata’s 86th Birthday – Net Worth
As of the IIFL Wealth Hurun India Rich List 2022, Ratan Tata’s net worth was ₹3,800 crore, securing the 421st position. In the year 2021, he was ranked the 433rd position with a net worth of ₹3,500 crore. The significant contribution to this ranking comes from Tata Trusts, which allocate 66% of the total earnings from Tata Sons towards charitable causes.
As of July 31, 2023, there are 29 publicly listed Tata enterprises with a combined market capitalization of $300 billion (₹24 trillion), as per the official website.
Generosity
Ratan Ji Tata, the son of Jamsetji Tata, played a pivotal role in the charitable endeavors of the Tata Group. The Sir Ratan Tata Trust, established in 1919 with ₹80 lakh, stands as a testament to his commitment to charitable causes. Today, Tata Trust is one of India’s most esteemed charitable foundations.
The philanthropic efforts of Tata Group companies, promoted by Tata Sons, are noteworthy. Philanthropic trusts, supporting health, education, arts, culture, and other causes, own 66% of the equity shares of Tata Sons. Under Ratan Tata’s leadership, the Tata Group has made significant contributions to improving healthcare and education in India.
