WHY RATAN TATA'S NAME IS NOT ON THE BILLIONARES LIST by Entrepreneur.Ravinder Singh

Here is a Real Story of Ratan Tata:


So many people around the world want to know that "What is the Net Worth of Ratan Tata"?

TATA Group is running 96 businesses and out of which 28 Companies are publically listed on the various stock exchanges.
Tata Group is world's top 50 Group according to Market capitalization and Reputation.

Have you ever thought why Ratan tata's name is not in the list of
billionaire' s club? why Ratan Tata is not a billionaire on the Forbes magazine list of billionaire people of the world?

The reason is that, 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 JRD TATA Trust & Sir Ratan Tata Trust are the main. 65% ownership of TATA Sons which is the key holding company of the other 96 TATA Group Company is held by various charitable organizations.

So this 65% ownership ownership of Tatasons 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.

if we put this 65% ownership of Tata Sons in Ratan TATA's own personal financial statement then Ratan Tata's Net worth can become more than $ 70 billion. and that's much more than the Warren Buffet's Current Net Worth of $ 62 billion, the world's richest person according to Forbes magazine 2008.


However, it doesn't mean that Ratan Tata is poor. In one interviews he had told the reporter that, "I have my own Capital". He is the chairman of Tata Group so obviously he earns lots of money every year as a bonus, remuneration and salary. However, Ratan Tata's Net worth is not $ 1 Billion.

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.

SO 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.

Prime Minister.Manmohan Singh Ji (Resume)

Can anyone beat this resume ?
Once can hardly find very few world leaders can compete with resume.
RESUME

EDUCATION /Qualification:

Stood first in BA (Hons), Economics, Panjab University, Chandigarh,
1952.
Stood first in MA (Economics), Panjab University, Chandigarh,
1954.
Wright's Prize for distinguished performance at St John's College,
Cambridge, 1955 and 1957.
Wrenbury scholar, University of Cambridge,
1957.
DPhil (Oxford), DLitt (Honoris Causa); PhD thesis on India's
export competitiveness.

OCCUPATION /Teaching Experience:

Professor (Senior lecturer, Economics, 1957-59.
Reader, Economics, 1959-63.
Professor, Economics, Panjab University, Chandigarh, 1963-65.
Professor, International Trade, Delhi School of Economics,Universit y of Delhi, 1969-71.
Honorary professor, Jawaharlal Nehru University,New Delhi,
1976 and Delhi School of Economics, University of Delhi,1996 and CivilServant.

Working Experience/ POSITIONS:

1971-72: Economic advisor, ministry of foreign trade.
1972-76: Chief economic advisor, ministry of finance.
1976-80: Director, Reserve Bank of India.
Director, Industrial Development Bank of India.
Alternate governor for India, Board of governors, Asian Development Bank.
Alternate governor for India, Board of governors, IBRD.
November 1976 - April 1980: Secretary, ministry of finance (Department
of economic affairs); Member, finance, Atomic Energy Commission; Member, finance, Space Commission.
April 1980 - September 15, 1982: Member-secretary, Planning Commission
1980-83: Chairman, India Committee of the Indo-Japan joint study
committee September 16, 1982 - January 14, 1985: Governor, Reserve Bank
of India.
1982-85: Alternate Governor for India, Board of governors,
International Monetary Fund.
1983-84: Member, economic advisory council to the Prime Minister.
1985: President, Indian Economic Association.
January 15, 1985 - July 31, 1987: Deputy Chairman, Planning Commission.
August 1, 1987 - November 10, 1990: Secretary-general and commissioner, south commission, Geneva.
December 10, 1990 - March 14, 1991: Advisor to the Prime Minister on
economic affairs.
March 15, 1991 - June 20, 1991: Chairman, UGC.
June 21, 1991 - May 15, 1996: Union finance minister.
October 1991: Elected to Rajya Sabha from Assam on Congress ticket.
June 1995: Re-elected to Rajya Sabha.
1996 onwards: Member, Consultative Committee for the ministry of finance.
August 1, 1996 - December 4, 1997: Chairman, Parliamentary standing
committee on commerce.
March 21, 1998 : Leader of the Opposition, Rajya Sabha.
June 5, 1998 : Member, committee on finance.
August 13, 1998 : Member, committee on rules.
Aug 1998-2001: Member, committee of privileges 2000 onwards: Member,
executive committee, Indian parliamentary group.
June 2001: Re-elected to Rajya Sabha.
Aug 2001 : Member, general purposes committee.
May 22, 2004 onwards: Prime Minister of India.
BOOKS:
India's Export Trends and Prospects for Self-Sustained Growth -Clarendon
Press, Oxford University, 1964; also published a large number of
articles in various economic journals.

OTHER ACCOMPLISHMENTS:

Adam Smith Prize, University of Cambridge, 1956
Padma Vibhushan, 1987
Euro money Award, Finance Minister of the Year, 1993;
Asia money Award, Finance Minister of the Year for Asia, 1993 and 1994

INTERNATIONAL ASSIGNMENTS:

1966: Economic Affairs Officer
1966-69: Chief, financing for trade section, UNCTAD
1972-74: Deputy for India in IMF Committee of Twenty on International
Monetary Reform
1977-79: Indian delegation to Aid-India Consortium Meetings
1980-82: Indo-Soviet joint planning group meeting
1982: Indo-Soviet moni toring group meeting
1993: Commonwealth Heads of Government Meeting Cyprus 1993: Human
Rights World Conference, Vienna

RECREATION:
Gymkhana Club, New Delhi; Life Member, India International Centre, New
Delhi

Name: Dr Manmohan Singh
DOB: September 26, 1932
Place of Birth: Gah (West Punjab)
Father: S. Gurmukh Singh
Mother: Mrs Amrit Kaur
Married on: September 14, 1958
Wife: Mrs Gursharan Kaur
Children: Three daughters