Ratan Tata's Net worth is more than Warren Buffet, world's richest person

This look somewhat strange Statement but its true.
Tata's profit and owernership is distributed in various trust's and 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 than Ratana Tata's Net worth can become mopre than $ 70 billion, that is much more than the Warren Buffet's Current Net Worth of $ 62 billion, the world's richest person according to Forbes magazine 2008.
So the real story of Ratan Tata is that, he is probably world's richest person and not Warren Buffet but the thing is that, this 65% ownership of TATA Sons is hold by various Tata Group Charitable Organizations and not by Ratan Tata himself.
However, it doesn't mean that Ratan Tata is poor. In one intervies he had told the reporter that, "I have my own Capital". 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 Gtes and Warren Buffet.
SO the good thing about Tata Group is that, They do CHarity out of their Money...

And that is the reson TATA Group has genereted so much of GoodWill over last 5 generations....

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Why Ratan tata is not in the list of billionaire?

"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.

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Ratan Tata a legand in Indian History

Ratan Tata became the Chairman of the Tata Group in 1981 after serving as Chairman in charge of the Nelco division of the group. Tata is India's largest conglomerate and includes the brands Tata Motors, Tata Steel, Tata Power, Indian Hotels, as well as other brands labeled under the Tata name.
Ratan Tata was born on December 28, 1937 in Mumbai, India in one of the richest families in the country. His great grandfather, Jamsedji Tata, was the founder of the Tata group and passed the power and inheritance down to his family. Ratan Tata grew up in a broken household, however, after his parents split in the mid-1940s and he and his brother were raised by their grandmother, Lady Navajbai.
Tata was a good student and studied hard at the Campion School in Mumbai followed by studies in architecture and structural engineering at Cornell University. He graduated with his bachelors degree in 1962 and joined the Tata Group in December of that same year. Tata's first job with the Group involved working with the Tata Steel division where he worked with the blue-collar employees shoveling stone and working with the furnaces.
Although this original job was physically difficult, it helped Ratan Tata gain a better understanding and appreciation for the business and he gradually began taking on more responsibility. In 1971, Tata became Director-in-Charge of the National Radio & Electronics Company Limited (Nelco) in order to help its struggling finances. Ratan Tata helped build a better consumer electronics division but the economic recession and union strikes prevented his vision from taking hold.
Tata was eventually moved to Empress Mills in 1977, a struggling textile mill within the Tata Group. Ratan Tata renewed the vision for the mill but the larger Tata Group was not in agreement with his advice. Instead, the mill was shut down and liquidated in 1986, to Tata's disappointment, and he was moved to the Tata Industries, another holding company.
With Tata Industries, Ratan Tata was able to transform the management and vision of the division and bring in significantly larger dividends. This renewed financial success helped bring the Tata Group to the New York Stock Exchange and gave the company even more international power and prestige. Ratan Tata continued to acquire different industries for the Tata Group, eventually purchasing the steel an aluminum producer, Corus Group as well as Jaguar and Land Rover brands from the Ford Company.

Ratan Tata lives a very private life in Mumbai, India.

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About Tata Group

Hi Friends, From long time i am looking for some information about TATA Group, the most Biggest and most respected Brand in India. I got some information regarding that while surfing internet recently so think this information can help you up to some extent.
The Tata Group is one of India's largest and most respected business conglomerates, with revenues in 2007-08 of $62.5 billion, the equivalent of about 3.2 per cent of the country's GDP. Tata companies together employ some 289,500 people. The Tata Group has businesses in seven diverse sectors: Information systems and communications, engineering, materials, services, energy, consumer products and chemicals. Founded by Jamsetji Tata in the 1860s, the Tata Group's early years were inspired by the spirit of nationalism. The Tata Group pioneered several firsts in Indian industry including India's first private sector steel mill, first private sector power utility, first luxury hotel chain and first international airline.

In more recent times, the Tata Group's pioneering spirit continues to be showcased by companies like Tata Consultancy Services (TCS), Asia's largest software and services company, and Tata Motors, the first car maker in a developing country to design and produce a car from the ground up.

The scale of the Tata Group's operations is increasingly turning global. Tata Tea was the first Indian MNC in the global tea industry; Tata Steel is one of the world's lowest cost producer of steel; Tata Chemicals is one of Asia's largest manufacturers of soda ash; Titan is one of the world's top six manufacturer-brands in the watch segment and Tata Motors is amongst the top six commercial vehicle manufacturers in the world.

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Siege After Mumbai Terror Wave

Explosions and gunfire were reported at two luxury hotels and a building housing a Jewish organization in Mumbai this morning following a string of coordinated attacks Wednesday in which assailants armed with guns and grenades killed at least 101 people and wounded 287.
Indian police and commandos were responding to hostage situations at the scene of two luxury hotels, the Taj Mahal Palace Hotel and the Trident-Oberoi, and an apartment building housing an Orthodox Jewish organization in the southern part of the city, which was described as being under siege.

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Coast guards locates Suspected Ship

A ship which is suspected to have carried the perpetrators of Mumbai attache is found by near cost. A CG spokesman said that searches were being carried out on board the ship but declined to elaborate. The Coast Guard had launched two aircraft, choppers and its vessels after receiving information that the ship could have carried the terrorists from Gujarat to Mumbai

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Jaagore.com for election related information

Hi friends,
Every day while watching TV you may heard name of a companion JAAGORE.COM. This will look like a website for TATA Tea while actual thing is reverse. this is a great website which can help you in solution and information related to Election.
I will suggest you to make atleast visit this website it will be definitely great.
For more information login at jaagore.com

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How to download movie from internet

Hi,
There are lot of person who is looking for a way to download movie at free of cost. Just follow the steps mentioned below:
1. Download a Software name "torrentz"
which is available at free of cost.
Web Link for software here
2. Install this software at your PC
3. Now next task is to search movie torrent for software which is available at www.torrentz.com
4. Save that movie torrent at your system
5. Add that torrent file to torrent software which you have installed.
6. Now enjoy downloaded movie

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