Ratan Tata Passes Away: Renowned industrialist and honorary chairman of Tata Sons, Ratan Tata, has passed away. His contribution in making Tata a great and global brand cannot be forgotten. However, Ratan Tata was not just a billionaire but a person who has given a lot to this country and crores of people here along with the Tata Group. This is the reason why everyone is saddened by the death of Ratan Tata. He is also known for his modest lifestyle and deep commitment to philanthropic work through the Tata Trust. After his demise, the question is arising that who will be his successor? Ratan Tata, the owner of a net worth of about Rs 3800 crore, has remained unmarried throughout his life.
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The discussions about Ratan Tata’s successor have not started today. These discussions have been going on for a long time. In the Tata family, N Chandrasekhar has been the chairman of Tata Sons since 2017. Apart from him, there are many people from different companies of the Tata Group, who may be seen playing different responsibilities in the Tata Group in the future.
Who will be Tata’s successor?
Noel Tata
Ratan Tata’s father Naval Tata was married to Simone for the second time. Their son Noel Tata is Ratan Tata’s stepbrother. This relationship makes him a major contender to inherit Ratan Tata’s legacy. Noel Tata has three children, Maya, Neville and Leah. They can be Ratan Tata’s successors.
Maya Tata
Among these, Maya Tata is 34 years old and is continuously progressing in the Tata Group. After getting education from Bayes Business School and Warwick University, Maya Tata has worked in many important positions in Tata Opportunities Fund and Tata Digital. During this time, Maya’s strategic skills and foresight played an important role in launching the Tata Neo app.
Neville Tata
Neville Tata is 32 years old and is busy taking his family business to new heights. Neville Tata is married to Manasi Kirloskar of the Toyota Kirloskar Group and is the head of Star Bazaar, a major hypermarket chain of Trent Limited.
Leah Tata
Noel Tata’s eldest daughter Leah Tata is 39 years old. She is proving her expertise in the hospitality sector of the Tata Group. Educated at Spain’s IE Business School, Leah has made significant contributions to Taj Hotels Resorts and Palaces and has been associated with the hotel industry for the last ten years.
Maya, Neville and Leah have been made trustees of the Tata Medical Center Trust. For the first time, youth have been included in a charitable organization associated with the Tata Group.
This is a big question related to the successor
Ratan Tata not only guided the business strategy of the Tata Group, but was also closely involved in the group’s philanthropic initiatives. In such a situation, the basic question about the successor is whether he is capable of taking responsibility to maintain innovation, social impact and integrity in the Tata Group or not.
Also Read:
Ratan Tata Passes Away at 86: Iconic Business Tycoon Dies at Mumbai’s Breach Candy Hospital
Ratan Tata’s Surprising Net Worth Will Shock You!
What is the market cap of Tata Group?
You can guess the vastness of Tata Group from the fact that today it has 29 listed companies. Yes, listed companies which have been listed in the stock market and all their data is available in front of the general public. If we look at the total market cap of all these 29 companies, it is said to be around 403 billion dollars (about 33.7 lakh crore rupees) till August 20, 2024.
What is the total wealth of Ratan Tata
If we talk about the total wealth of Ratan Tata, even though his companies are making a mark all over the world in terms of earnings, Ratan Tata himself owns a modest amount of wealth. According to IIFL Wealth Hurun India Rich List 2022, his total net worth is said to be just Rs 3,800 crore. A year ago i.e. in 2021, his total wealth was said to be only Rs 3,500 crore. In such a situation, his total wealth is not even 0.50 percent of the total assets of the company.
Why is Ratan Tata’s wealth so less?
In terms of the market cap of Tata Group, Ratan Tata’s wealth is nothing. Obviously, this question must be arising in your mind as well that where does the total earnings of the company go. So, let us tell you that all the companies of Tata Group come under Tata Trust and its holding company is Tata Sons. This company spends 66 percent of the total earnings of all its firms on charitable works. Obviously, instead of taking the earnings of his companies himself, Ratan Tata spends it on the country and countrymen through the trust.
