Why did Ratan Tata never come in Forbes billionaires list?

Many people around the world want to know – “What is the net worth of Ratan Tata”?

TATA Group is running 96 businesses and out of which 28 companies are listed in various stock exchanges. According to market capitalization and reputation, Tata group is amongst world’s top 50 groups.

Have you ever thought why Ratan Tata’s name is not in the list of billionaires club? Why is his name missing from Forbes magazine’s list of billionaires?

The reason is simple.

TATA Group’s 96 companies are held by its main company “TATA Sons” and the main owner of the ‘TATA Sons’ is not Ratan Tata but various charitable organisations developed and run by TATA Group. 65% ownership of TATA Sons, which is the key holding company of the other 96 TATA Group companies, is held by them. Out of which, JRD TATA Trust & Sir Ratan Tata Trust are the premiers. This 65% ownership of Tata Sons Limited is not reflected in Ratan Tata’s personal financial statement. This is why Ratan Tata is not in the list of billionaires 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 becomes more than $70 billion and that’s much more than the Warren Buffet’s net worth of $62 billion, the world’s richest person according to Forbes magazine 2008.

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