Re: [nidokidos] WHY RATAN TATA'S NAME IS NOT ON THE BILLIONAIRES LIST

0 views

Skip to first unread message

Venugopal Durairajan

unread,

Apr 16, 2009, 10:00:07 PM4/16/09

to fds_...@googlegroups.com, eeesm...@googlegroups.com, Guru, Sankaran Jothimani

2009/4/9 kalpesh shah <kalpes...@yahoo.com>

Click here to get beautiful emails Click here to join forum

Here is a Real Story of Ratan Tata:

So many people around the world want to know that "What is the Net Worth of Ratan Tata"?

TATA Group is running 96 businesses and out of which 28 Companies are publicly listed on the various stock exchanges.
Tata Group is world's top 50 Group according to Market capitalization and Reputation.

Have you ever thought why Ratan Tata's name is not in the list of
billionaire' s club? why Ratan Tata is not a billionaire on the Forbes magazine list of billionaire people of the world?

The reason is that, TATA Group's 96 companies are held by its main Company "TATA Sons" and the main owner of this TATA Sons is not Ratan Tata but various charitable organizations developed and run by TATA Group.

Out of which JRD TATA Trust & Sir Ratan Tata Trust are the main. 65% ownership of TATA Sons which is the key holding company of the other 96 TATA Group Company is held by various charitable organizations.

So this 65% ownership ownership of Tata sons Limited is not reflected on Ratan Tata's personal Financial Statement but on the various charitable organizations. and this is the reason why Ratan Tata is not in the list of Billionaire club..

if we put this 65% ownership of Tata Sons in Ratan Tata's own personal financial statement then Ratan Tata's Net worth can become more than $ 70 billion. and that's much more than the Warren Buffet's Current Net Worth of $ 62 billion, the world's richest person according to Forbes magazine 2008.

However, it doesn't mean that Ratan Tata is poor. In one interviews he had told the reporter that, "I have my own Capital". He is the chairman of Tata Group so obviously he earns lots of money every year as a bonus, remuneration and salary. However, Ratan Tata's Net worth is not $ 1 Billion.

He is not a billionaire on paper. but in reality he is the richest
person of the world. His net worth in reality is more than Bill Gates and Warren Buffet.

SO the good thing about Tata Group is that, They do Charity out of their Money...

And that is the reason TATA Group has generated so much of Goodwill over last 5 generations.

Tata voted most powerful CEO

So it did not come as a surprise that Mr Ratan Tata emerged at the top when the Economic Times asked 500 management professionals to rate India's Most.

Read

http://www.nidokidos.org/tata-voted-most-powerful-ceo-t31848.html

Stop emails | Join Us by Email | Join from Web | Visit Yahoo! Group | nidokidos Website

__._,_.___

Messages in this topic (1) Reply (via web post) | Start a new topic

Messages

To be a member, send an email to
nidokidos...@yahoogroups.com

http://www.nidokidos.org
http://www.nidokidos.org
http://www.nidokidos.org
http://www.nidokidos.org

Please keep your email settings:- Individual Email(Traditional)

Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

Recent Activity

2342

New Members

Visit Your Group

Give Back

Yahoo! for Good

Get inspired

by a good cause.

Y! Toolbar

Get it Free!

easy 1-click access

to your groups.

Yahoo! Groups

Start a group

in 3 easy steps.

Connect with others.

.

__,_._,___