Tata vs Ambani Net Worth: Why Is Mukesh Ambani Richer Than Ratan Tata? Know All About the Wealth of Tata Group and Reliance Industries
Following the demise of Ratan Tata on October 9 at the age of 86, at Breach Candy Hospital in Mumbai, the internet has been abuzz with questions comparing his wealth to that of Mukesh Ambani.
Mumbai, October 10: Following the demise of Ratan Tata on October 9 at the age of 86, at Breach Candy Hospital in Mumbai, the internet has been abuzz with questions comparing his wealth to that of Mukesh Ambani. Search terms like "Tata vs Ambani Net worth" and "Who is Richest, Ratan Tata or Mukesh Ambani" have surged on Google as people delve into the financial legacies of two of India’s most iconic business figures. Ratan Tata, the former Chairman of Tata Sons, was renowned for his philanthropic work and leadership of the Tata Group, a conglomerate spanning multiple industries.
However, unlike Mukesh Ambani, his personal wealth is relatively modest due to his vast contributions to charitable causes. Mukesh Ambani, the Chairman of Reliance Industries, is currently India's richest man, with a fortune far surpassing Ratan Tata's. While the Tata Group is a larger entity overall, much of its wealth is channelled into trusts and charitable foundations, which significantly lowers Ratan Tata's personal net worth. In contrast, Ambani's wealth is largely tied to his ownership stake in Reliance Industries, one of the most profitable companies in India. Let’s look at how these two industrialists compare in terms of net worth and the dynamics that set them apart. Who Will Succeed Ratan Tata? From Noel Tata to Maya Tata, List of Front-Runners in Succession Race Who Might Take Reins of INR 3800 Crore Business Empire.
Ratan Tata's Net Worth
According to the IIFL Wealth Hurun India Rich List of 2022, Ratan Tata's net worth is estimated at INR 3,800 crore, placing him at rank 421 among India's wealthiest individuals. The chairmen of the Tata Group have strategically bequeathed their assets to the Tata Trusts, which hold a two-thirds stake in Tata Sons. Approximately 60 per cent of the dividends from Tata Sons are allocated to charitable endeavours, including the development of cancer care facilities across various states. Ratan Tata Dies: Chairman Emeritus of Tata Sons Passes Away at 86 in Mumbai Following Age-Related Health Conditions.
Tata's annual remuneration as an ex-chairman is reported to be INR 2.5 crore. His prominent properties include a luxurious sea-facing bungalow in Colaba, Mumbai, valued at over INR 150 crore.
Mukesh Ambani's Net Worth
Mukesh Ambani is recognised as a financial powerhouse, with his net worth estimated at approximately USD 108.3 billion, marking a substantial increase of USD 27.5 billion over the past year. His wealth primarily comes from significant shareholdings in Reliance Industries, which has a strong presence in sectors such as petrochemicals, refining, oil and gas exploration, textiles, retail, and telecommunications.
Ambani's reported salary as the chairman and largest shareholder of Reliance is around INR 15 crore. His financial portfolio features several luxurious properties, including Antilia, a 27-story skyscraper in Mumbai. He also owns Stoke Park Estate, a sprawling 300-acre estate in London. Additionally, Ambani has a lavish villa in Dubai's Palm Jumeirah, purchased for over USD 80 million.
The legacies of Ratan Tata and Mukesh Ambani reflect contrasting approaches to wealth and philanthropy in India. While Tata's net worth of INR 3,800 crore is closely tied to his commitment to social causes through the Tata Trusts, Ambani’s remarkable wealth of USD 108.3 billion underscores his aggressive business strategies and market expansions.
(The above story first appeared on LatestLY on Oct 10, 2024 12:15 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).