Ratan Tata is an industrialist from India who has served as the chairman of Tata Group. He is also an investor and philanthropist and has previously served as the chairman of Tata Sons. He has received many honors and is a member of India’s Bill and Melinda Gates Foundation. He is a board of several organizations and has been active in his profession for a very long time. To know more about the net worth of Ratan Tata in 2020, read the following article.
Early Life & Biography
Ratan Naval Tata was born in Bombay Presidency, India on 28 December 1937. His biological father was Hormusji Tata. He was adopted from an orphanage by Naval Tata. His adopted parents got separated in 1948, and he was raised by his grandmother. He has got a half-brother named Noel Tata, who is from his father’s second marriage to Simone Tata.
For his schooling, he went to Mumbai and Shimla. He first went to Cathedral and John Connon School and later attended Bishop Cotton School. In 1955, Tata completed his schooling from Riverdale Country School. In 1962, he earned his B. Arch degree from Cornell University. He has also received an Advanced Management Program in 1975 from Harvard Business School.
Ratan Tata is still not married and has remained single in his entire life. In an interview, he has discussed that he was close to getting married four times, but it never happened. As a philanthropist, he has donated over 60% of his wealth. He supports rural development, education, and medicine. He has created Tata Hall at the Harvard Business School.
Career, Award & Nominations
In 1961, Ratan Tata joined the Tata Group. He used to handle the blast furnace and began on Tata Steel’s shop floor. In the 1970s, he received the charge of the companies Empress Mills and NELCO. Later, he became the chairman of Tata Sons, a post which he continued till 1991. He also began to lead Tata Group, where the profits of the company grew more than 50 times.
In 2008, Tata was conferred with the Padma Bhushan. He went on to receive the Padma Vibhushan in 2008. He later made Tata Tea to acquire Tetley Tata Steel to acquire Corus, and Tata Motor to acquire Jaguar. The revenues of his company rose to over 65%, and his company recorded sales from more than 100 countries. He has also received several honorary doctorate degrees from various universities across the world.
In 2016, he became the Commander of the Legion of Honour from France. He has also received many other awards and honors. He has also invested in Snapdeal, CashKaro.com, and Teabox. Tata has made various other small investments in other companies. He later teamed with American Express and invested in Abra. In 2016, he invested in Dogspot and Nestaway. That same year, Tigor Electric Vehicles’ first batch was rolled out.
Net Worth & Earnings
Imagine the net worth of a man who has served as the chairman of Tata Group? Through his very successful career, the industrialist has been able to make a net worth of over $1.5 billion. He is also a successful investor and has invested in various startups like Ola Cabs. In addition to this, he serves as a board member of several organizations like Sir Dorabji Tata Trust, Bocconi University, Kalari Capital, East-West Center, Mondelez International, and Alcoa Inc.
Ratan Tata is a very successful entrepreneur. He has done a lot for charity and for rural development. The Tata Group today is a leading name in various sectors. He has received honors from several countries across the world.