After Ratan Tata’s death, there was a lot of discussion about his estate and will. The question that comes to people’s minds is who will be the ultimate owner of their property? In this case, the will of the old industrialist was now revealed. According to the Hurun India Rich List released in August, Ratan Tata holds about 0.83% of Tata Sons’ shares, with a total wealth of 79 billion rupees. Including other assets, the total value of properties to his name is estimated to be Rs 10,000 crore.
The responsibility of executing Ratan Tata’s will has been given to his half-sisters Shirin Jejibhoy and Diana Jejibhoy, and lawyer Darius Kamba Darius Khambata and his close friend Mehli Mistry. According to TOI, all the details of Ratan Tata’s will have not been made public, but it is certain that most of his wealth will be donated to the charity Ratan Tata Endowment Foundation (RTEF).
N Chandrasekaran, chairman of Tata Sons, will lead the foundation and continue Tata’s vision of social welfare and services. According to Tata’s will, the foundation will also benefit from the liquidation of its start-up investments through RNT Associates and RNT Advisors, which will provide a significant boost to its philanthropic activities.
Ratan Tata’s chef’s name was also mentioned in his will
The will made provision for close family members, including his brother Jimmy Tata and half-sisters Shireen Jajboy and Deanna Jajboy, The Times of India reported. This also includes Tata’s loyal domestic staff, such as chef Rajan Shaw and butler Subbiah, who have served him for decades.
Shantanu Naidu breathes a sigh of relief
Shantanu Naidu, Tata’s executive assistant and close friend, also became part of the will. Reports say Tata has given up a personal loan taken by Naidu for education and given up its stake in Goodfellows, Naidu’s business. This big move by Naidu shows how close Shantanu is to Ratan Tata.
Lifelong Care from a Pet Doctor
Ratan Tata made sure to take care of his pet German Shepherd Tito for life. The will stated that Tito, who was adopted 5-6 years ago, would continue to be cared for by Xiao.
Ratan Tata’s Colaba residence and Taj Wellington Mews’ collection of 20-30 luxury cars are yet to be allocated and could be auctioned or put on public display. His famous Alibaug beach bungalow and Mumbai residence on Juhu Tara Road are also part of the property. A decision on this is also yet to come.
