Ratan Tata Net Worth, Earning and Salary 2017
Ratan Tata was born on the 28th of December in 1937. He was born in Bombay to Naval Tata and Sooni Tata. After his parents separated, he was brought up by his grandmother. Her name was Navajbai.
How much does Ratan Tata Net Worth 2017 – 1 Billion Dollar
Ratan Tata Biography
He had his earlier education at Campion School in Bombay. Then he moved on to Bishop Cotton in Shimla and later on to Cathedral and John Connon School. His B.S. is from Cornell University nad then he studied Advanced Management in Harvard Business School that was completed in 1975.
Even though Ratan Tata is the great grandson of the renowned Jamsetji Tata, still he began his career as a general worker in Tata Group. Thais was in 1962. After J.R.D Tata resigned in 1981, Ratan Tata was made the Chairman.
The Ratan Tata net worth is estimated to be $1 billion. Ratan Tata remains as the chairman of the Tata Group which is a conglomerate. It includes Tata Steel, Tata Teleservices, Tata Motors, The Indian Hotels Company, Tata tea, TataPower, Tata Chemicals and so on.
Ratan Tata has stepped down from being the Chairman of the Tata Group and has handed the baton to Cyrus Mistry. But in order to know the Ratan Tata net worth, it is important to know the salary that he was drawing at one time. In 2011-12, Ratan Tata was drawing a salary of Rs. 68. 4 lacs. This basically included Rs. 2 lac 40 thousand as sitting fee while the Rs 66 lac was the commission.
Ratan Tata is known for acquiring companies that include Tetley, Corus, Land Rover as well as Jacquar. He remains on the program board of Bill and Melinda Gates Foundation as he is a part of the India aids initiative. Ratan Tata is a member of the Prime Minister’s Council on Trade and Industry.
The awards won by Ratan Tata include the Padma Bhushan in 2000. He was awarded the Padma Vibhushan in 2008. The Rockefeller Foundation in 2012 awarded him the Lifetime Achievement Award. He is an Indian by nationality.
Ratan Tata net worth had jumped a massive degree when he launched the Tata Nano, that was promoted as a people’s car. It was proclaimed to cost just one lac and hence be within the reach of the Indian middle class. Ratan Tata is also known for launching the Tata Indica that remains a popular car in India even today.
While calculating Ratan Tata earning, it is important to note that he own very few shares in the Tata companies. His net worth is due to the salary he draws by being on the board of the Tata group for nearly two decades.
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