Ever wondered why Ratan Tata is not in forbes billionaire list?

I came across really interesting piece of information, so thought of sharing with the visitors of www.theqrio.com . So the real story of Ratan Tata is

TATA Group is running 96 businesses and out of which 28 Companies are publically listed on the various stock exchanges. Tata Group is world's top 50 Group according to Market capitalization

and Reputation.<

The reason is that, TATA Group's 96 companies are held by its main Company "TATA Sons" and the main owner of this TATA Sons is not Ratan Tata but various charitable organizations developed and run by TATA

Group.

Out of which JRD TATA Trust & Sir Ratan Tata Trust are the main.65% ownership of TATA Sons which is the key holding company of the other 96 TATA Group Company is held by various charitable

organizations.

So this 65% ownership ownership of Tatasons Limited is not reflected on Ratan Tata's personal Financial Statement but on the various charitable organizations and this is the reason why Ratan Tata is not

in the list of Billionaire 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 become more than $ 70 billion. and that's much more than the Warren Buffet's Current Net Worth of $ 62 billion, the world's richest person according to Forbes magazine 2008.

However, it doesn't mean that Ratan Tata is poor. He is the chairman of Tata Group so obviously he earns lots of money every year as a bonus, remuneration and salary. However, Ratan Tata's Net worth

is not $ 1 Billion.

He is not a billionaire on paper. but in reality he is the richest person of the world. His net worth in reality is more than Bill Gates and Warren Buffet.

Posted by Preet Varun Singh