Is Ratan Tata richer than Ambani?

Is Ratan Tata richer than Ambani? how many times does the question come to your mind? Let’s find out the answer to this million-dollar question. Ratan Tata and Mukesh Ambani are known to be the pillars of the Indian economy. These two have contributed the most in making India’s strong presence at the global level. The commitment, hard work, and vision of these two Industrialists have put India on top and as a result, India is known to be the largest emerging Economy in the World.

In the current time India is in its developing phase and a lot of companies owned by these two business tycoons are contributing the most in many different ways, By providing employment opportunities and generating revenue by providing their products and services in the local and global market.

If we calculate the Income of Companies owned by Sir Ratan Tata and Mr. Mukesh Ambani then Ratan Tata Sir stands out to be the clear winner. Reliance Industries Limited has an income of USD 233 billion and the income of Tata group is USD 350 billion. There is a huge difference of USD 117 billion between the two, the main reason behind this is: Tata is a global brand, and most of the companies owned by Ratan Tata sir operate on a global level however Reliance Industries Limited has most of its companies serving in India, with only a few operating globally.

If we see the question “Is Ratan Tata richer than Ambani?” In reference to the income of these two tycoons from their businesses, then the answer to this question is YES. In terms of earnings from Business, Sir Ratan Tata has more business income than Mukesh Ambani, there is a massive difference of $117 billion in the incomes of these two. However, if we talk about the Net Worth of Ratan Tata and Mukesh Ambani, then Mukesh Ambani has a net worth of $96 billion and on the other hand, net worth of Ratan Tata is approx $1 billion.

Why the net worth of Ratan Tata is less than Mukesh Ambani?

After having more business income than Mukesh Ambani the net worth of Ratan Tata is still less, how come this can happen? Let us tell you why

The reason behind this is social accountability. Sir Ratan Tata donate 66% of his income to charity. He is a philanthropist having two charitable trusts namely Sir Dorabji Tata Trust and Sir Ratan Tata Trust. Sir Ratan Tata owns only 3368 shares of Tata, which is around 0.83 percent of the total shares. Sir Dorabji Tata Trust owns 113067 shares ( around 28% of total shares) and Sir Ratan Tata Trust owns 95211 shares (around 23.5% of total shares).

Sir Ratan Tata has always donated most of his income for the betterment of society. As of now, 29 companies of Tata group are listed on the Indian stock exchange out of which the personal share percentage of sir Ratan Tata is just 0.833 percent. Tata group has always worked for the betterment and empowerment of society. This is the reason why the net worth of Ratan Tata is less than Mukesh Ambani.

Mukesh Ambani also runs several social initiatives through Reliance Foundation but the donation amount is way too less than the Tata group. Mukesh Ambani donates around 0.1 percent of his total net worth. In the financial year 2020, Mukesh Ambani donated 458 crore rupees for the betterment of society.

Answer to the question Is Ratan Tata richer than Ambani?

The answer to the question Is Ratan Tata richer than Ambani? is both YES and NO.

Yes, in the sense that the overall income of the Tata group is more than the income of the Reliance group and the Tata group is bigger than Reliance. Ratan Tata is richer in terms of overall income. But when it comes to personal wealth Ratan Tata keeps less than 1% of his earnings for himself and donates 66% of his wealth.

Secondly, the answer is NO also. If we talk about the personal net worth of Mukesh Ambani and Ratan Tata, then Mukesh Ambani is richer than Ratan Tata. The net worth of Mukesh Ambani in 2022 is 8,790 crore USD and the net worth of Ratan Tata is just 3,500 crore rupees. As per the IIFL Wealth, Hurun India Rich list 2021, Ratan Tata is in 433rd place on the list of richest Indians.

Tata group is among the biggest Business groups across the globe and if someday Sir Ratan Tata decides to donate only a little percentage of his earnings to charity then he will become the Richest person in India and Asia in no time. But the Tata group has always worked for the empowerment of the nation and they will continue to do so.

We hope you all have got the answer to the question “Is Ratan Tata richer than Ambani?”

Stay tuned for more such articles and do let us know in the comments about your opinion on Sir Ratan Tata and Mr. Mukesh Ambani.

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