atan Tata, Chairman Emeritus of Tata Sons, at Breach Candy Hospital in Mumbai at the age of 86. Maharashtra Chief Minister Eknath Shinde announced that his last rites will be conducted with . Ratan Tata's net worth is estimated to be Rs 3,800 crore as of 2022.
Reports suggest that as an ex-chairman of Tata Sons, he received an annual remuneration of Rs 2.5 crore, or approximately $300,000. A substantial portion of his wealth comes from Tata Sons, the holding company of the Tata Group.
Known for his philanthropy, he has also donated a significant amount to charitable trusts, reflecting his generous nature. He also chairs the Ratan Tata Trust and the Dorabji Tata Trust, two of India's largest philanthropic organisations. Tata Group is a conglomerate of nearly 100 companies, including one of India’s largest automakers, the largest private steel company and a prominent outsourcing firm.
These companies collectively employ more than 350,000 people worldwide. During Ratan Tata's tenure, the Tata Group expanded significantly, acquiring notable British assets like steelmaker Corus and luxury carmaker Jaguar Land Rover. The conglomerate's listed companies now operate in various industries, from coffee and cars to salt, software, and power.
They also run airlines and introduced India’s first super app. Ratan Tata also launched the Tata Nano in 2008, dubbed ‘People's Car’. It was made to create an affordable car for millions of Indians.
Born on December 28, 1937, in Mumbai, Rata.