Tata Group’s former chairman-emeritus Ratan Tata passed away on October 9 in Mumbai’s Breach Candy Hospital. He was later cremated in Mumbai’s Worli on October 10. While his mortal physical form no longer remains, Tata’s tale of humbleness and care continues to trickle down into discourses in the public domain.
Ratan Tata was not only known as an entrepreneur but also renowned for his love for animals, particularly domesticated animals. In fact, the scene of his pet dog ‘Goa’, whom he had adopted from Goa, bidding adieu to his owner, touched hearts and souls. In another tale from the life of one of Tata’s little companions, it is being learnt that one of his other dogs, Tito, will be given ‘unlimted care’ even after the passing of his master. Ratan Tata’s mammoth fortune is estimated to be worth more than INR 10,000 crore (approx. USD 1,189,463,000).
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As per a report from The Times of India, Tata made a specific provision to accommodate a special section that would allow earmarking of resources for his pet dog Tito, a German Shepherd.
According to reports, Tito is under the care of Ratan Tata’s long-time associate and personal chef, Rajan Shaw. Tata is also said to have earmarked some of his fortune to others outside of his family, including his former staffers.
He also reportedly have left assets to his foundation. In addition, Tata also left part of his assets to his ailing brother Jimmy Tata and half-sisters Shireen and Deanna Jejeebhoy.
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After Ratan Tata’s demise, his half-brother and head of Trent and Tata Capital Investments, Noel Tata, took charge of Tata Trusts after the board unanimously chose him for the position. The Tata Group is estimated to be worth USD 403 billion.
Ratan Tata himself had a net worth of Rs 7,900 crore (approx. USD 939,675,770). He named lawyer Darius Khambata and associate Mehli Mistry, who is part of the Mistry family, as executors of his will, along with half-sisters Shireen and Deanna Jejeebhoy.
(The article is published under a mutual content partnership arrangement between The Free Press Journal and Connected to India)