How Ratan Tata is actually Richer than Ambani?
Tata Group Wealth
Ratan Tata, the former chairman of the Tata Group is Actually richer than Ambani Tata Group is a conglomerate of 30 companies with a combined market capitalization of $ 290 Billion.
This makes the Tata group the most valuable conglomerate in India Though Ambani’s Reliance group lags behind at $ 230 Billion, why is he the richest and not Ratan Tata? Let’s Find out.
Around 35% of the Tata Group of companies are traded publicly, and 3 65% stake is held by Tata Sons, a promoter of Tata Companies
Tata Sons are worth around $ 188 Billion.
A massive 66% ($ 124 Billion ) of Tata Sons is held by Tata Trust, a charitable organization that supports causes such as health, education, sanitation, etc.
However, Tata himself doesn’t own much stake in Tata Sons. In Fact, he has a 0.8% share, which amounts to just $ 1.5 Billion.
If he were to keep the 66%, he would be worth $ 124 Billion today That is not only more Richer than Ambani’s $ 92 Billion but would make him the 4th richest person in the world.
1. Elon Musk
2. Jeff Bezos
3. Bernard Arnault
4. Ratan Tata
5. Bill Gates
Ratan Tata believes in distributing the wealth he made from the people back to them While he may not be the richest man, he certainly is one of the greatest philanthropists.