• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Billionaire 'you've never heard of' donates over $100 billion to stay off the 'billionaires' list'

Home> News> Money

Updated 19:47 27 Aug 2024 GMT+1Published 19:08 27 Aug 2024 GMT+1

Billionaire 'you've never heard of' donates over $100 billion to stay off the 'billionaires' list'

He's missing from the Forbes rich list, but this Indian billionaire has donated more than half of his wealth to good causes

Niamh Spence

Niamh Spence

Some of the world's billionaires are pretty well known names, ranging from Warren Buffett to Jeff Bezos.

Yet there's one name that you might not have seen, and that's for good reason.

An Indian business mogul who is behind Land Rover and Jaguar as well as Air India and some of the biggest charity donations has given away 65 percent of his wealth, which keeps his name off the world's rich lists which include the likes of Elon Musk.

Businessman and philanthropist Ratan Tata is known for his excellent business skills that have led the Tata Group to have a whopping net worth of $365 billion.

Advert

Ratan Tata is one of the richest billionaires in India, but gives away almost two thirds of his wealth. (John Parra/Getty Images for Pritzker Architecture Prize)
Ratan Tata is one of the richest billionaires in India, but gives away almost two thirds of his wealth. (John Parra/Getty Images for Pritzker Architecture Prize)

He served as the Chairman of the Tata Group from 1990 to 2012 and currently serves as the Chairman of the Council of Management of the Tata Institute of Fundamental Research.

He was once offered a high flying role with IBM, which he reportedly turned down to focus on growing the Tata Group instead.

Yet despite having such a massive fortune, Tata is not known for being flouted on the rich lists or for flaunting his vast wealth or snapping up valuable assets.

Advert

In fact, he and the members of his family give away much of their fortune and he's even given away $100bn to good causes.

Currently, the Tata charities have donated over $102 billion to healthcare, education, art and culture as well as other charities across India.

Giving away 65 percent of his income, Tata has effectively kept himself off some of the top billionaire rich lists, not only by helping worthy causes but by keeping himself as 'earning less' than others on the list.

As a result, Tata's income is effectively seen as lower than many others who are earning upwards of $250bn, but he's also able to continue focusing on his business empire and boosting education, technology, art and culture and charities in his native India.

Advert

Ratan Tata has donated over $102 billion to healthcare, education, art and culture as well as other charities across India. (Brian Harkin/Getty Images)
Ratan Tata has donated over $102 billion to healthcare, education, art and culture as well as other charities across India. (Brian Harkin/Getty Images)

Entrepreneur Chinnakannan Sivasankaran has previously praised Tata in an interview as he said: "What is so special about Ratan Tata is his selflessness and patriotism. He is a very balanced person, always focused on excellence and the good of the country, unlike me, who is always after money.

"For him, money is just a byproduct. His objective was always about what he could do for the country, even if it took 20 years.

"He was planting seeds for the future, like a banana tree. I don't have that kind of mentality."

Featured Image Credit: Abhijit Bhatlekar/Mint via Getty Images / John Parra/Getty Images for Pritzker Architecture Prize

Topics: Money, World News, India

Niamh Spence
Niamh Spence

I am a freelance journalist, who writes and contributes to lifestyle and online titles. Previous work includes; The Telegraph, LadBible, Entertainment Daily, BBC, The Mirror, The Metro, Tyla.etc

X

@missnspence

Advert

Advert

Advert

  • 5 Netflix series with 100% ratings you've probably never heard of
  • Lawyer representing Air India families claims they were 'sent wrong remains' of those killed in the crash
  • Lone survivor of Air India plane crash revealed chilling recurring dream he's having
  • Billionaire Sunjay Kapur, 53, dies suddenly as tragic final words revealed

Choose your content:

an hour ago
  • an hour ago

    Trump administration sends $10,000,000 worth of birth control to be burned instead of donating it for aid

    The US taxpayer is set fork out a substantial amount of money to incinerate contraceptives rather than gift them to charities for free

    News
  • an hour ago

    'Beloved' lion is shot dead after being lured from reserve by trophy hunter in chilling $46k kill

    The lion's killing has understandably sparked outrage across the globe

    News
  • an hour ago

    Emotional Sharon Osbourne spotted for first time since Ozzy's death with rarely seen daughter at his procession

    Sharon Osbourne was joined by her three children in Birmingham today for the Black Sabbath legend's funeral

    Celebrity

    breaking

  • an hour ago

    Heidi Klum defends being topless around her children and explains the impact it's had on them

    Heidi Klum has done fashion shoots with her daughter since she turned 18

    Celebrity