"Why Ratan tata is not in the list of billionaire?"
I Think this might be the question which click in your every day when you hear that ambani have this much property so on and so while you will never get name of Ratan Tata in such list not even in top 20 wealthiest people in india.
There is the reason why so happening.
The reason is that, TATA Group's 96 companies are holded 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 other 96 TATA Group Company is hold by various charitable organizations.
I Think this might be the question which click in your every day when you hear that ambani have this much property so on and so while you will never get name of Ratan Tata in such list not even in top 20 wealthiest people in india.
There is the reason why so happening.
The reason is that, TATA Group's 96 companies are holded 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 other 96 TATA Group Company is hold by various charitable organizations.
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