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Why is Mukesh Ambani the richest person in India and not Ratan Tata?

Being Cheap Makes you WealthyMr Mukesh Ambani gives Rs 325 crores ($48 million) or 0.2 percent of personal wealth to charitySource: Azim Premji tops India philanthropy listing: HurunRatan Tata seems to be owning only 3368 equity shares of TATA Sons.So his personal worth is somewhere mere $600 Million.2 charitable trusts hold shares worth $50 Billion (Rs 336400 crores) in Tata SonsSir Dorabji Tata Trust | 113067 shares | 27.97705 %Sir Ratan Tata Trust | 95211 shares | 23.5588 %Source: Tata SonsAzim Premji gives 26–27000 crores($3 billion) (14–15 % of personal wealth) to charitySource: Azim Premji tops India philanthropy listing: HurunVedanta Chairman Anil Agarwal has pledged to donate 75% of his family’s wealth to charity. He says he was inspired by Bill and Melinda GatesBill Gates has donated $28 billion (£17.9) of his fortune to his and his wife Melinda’s own charity, the Bill and Melinda Gates Foundation.As The Richest reported, His charitable donations are not over as he and Melinda have pledged to donate in total 95 percent of his personal fortune.The greatness of Buffet is not that he himself donated 2.8 billion dollars last year…. but that he is the conceptualizer and executor of “The Giving Pledge” a campaign to encourage the wealthy people of the world to contribute their wealth to philanthropic causesThe Pledge is that all the pledgees will give away at least 50 percent of their wealth and will invite other wealthy people to do soThe Ambani ThinkingLet us Hoard… Till we die…And then our children will enjoy !!!So spend the money on yourself…But in all fairness… It is his hard earned money…Is it??Cheaper the person more ostentatious is the display of wealth !!!Richer the person… Wealth within will illuminate a Million lives !!!The Tata group is respected for a reason… They don't do mechanical CSR… They are CSR in themselves… albeit a little bureaucraticM.Montessori says…"It is a law of human life, as certain as gravity; to live fully, we must learn to use things and love people, not love things and use people."And The Tatas Seemed to know thatHats off to Ratan Tata !!!Edit:Added Warren Buffett and Vedanta Chairman Anil Agarwal to ListSome figures altered for Premji and Ambani with sources listedhttp://www.hurun.net/EN/ArticleShow.aspx?nid=15701I am getting a lot of comments on the use of the word cheapCheap is defined by Merriam webster(Definition of CHEAP) ascontemptible because of lack of any fine, lofty, or redeeming qualities <feeling cheap>stingy <my cheap uncle>Please interpret the word as per your paradigm :)Thanks Shubham Khandalkar for suggesting relevant editsAdded a new quote "It is a law of human life, as certain as gravity; to live fully, we must learn to use things and love people, not love things and use people."Edited Tata Trusts Holding amount

What are some unknown facts about Ratan Tata?

Ratan Tata is not on the billionaires list because he’s not a billionaire .TATA Group’s 96 companies are held by its main Company “TATA Sons” and the main owner of this TATA Sons is not Ratan Tata but various charitable organizations developed and run by TATA Group. Out of which Sir Dorabjee Tata Trust, JRD TATA Trust & Sir Ratan Tata Trust are the main..So this 65% ownership of Tata Sons Limited is not reflected on Ratan Tata’s personal Financial Statement but on the various charitable organizations, and this is the reason why Ratan Tata is not in the list of Billionaire club.He is not a billionaire on paper, but in reality he is the richest person of the world. His net worth in reality is more than Bill Gates and Warren Buffet.By the present capitalization of Tata Group , of about $100 billion, Ratan Tata’s net worth comes out to be about $830 million.The good thing about Tata Group is that they do Charity out of their Money, and that is the reason TATA Group has generated so much of Goodwill over last 5 generations.

What's your recent happiest moment?

Yes, I got into Tata Trusts.Mumbai Head Office it is.Yes. This is my recent happiest moment.Thanks for asking, Meet and Gunjan Gupta.Image sourced to my mobile screenshot.

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