3800 Crore Will | Ratan Tata’s ₹3800 Crore Will: Who Inherited His Fortune, What His Pets Got & The Surprising Beneficiaries | Ratan Tata Will | Tata Group inheritance
Ratan Tata, one of India’s most respected industrialists, left behind a massive fortune and a legacy of generosity and compassion. His will, valued at approximately Rs 3,800 crore, primarily benefits charitable trusts while also taking care of his family, close friends, long-time staff, and even his beloved pets.
His philanthropic vision, reflected in the distribution of his wealth, ensures that his commitment to education, healthcare, and social welfare continues long after his passing on October 9, 2024.
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The majority of Wealth Goes to Philanthropy
Ratan Tata’s will confirms that a significant portion of his estate, including his shares in Tata Sons and other investments, has been allocated to the Ratan Tata Endowment Foundation and the Ratan Tata Endowment Trust. These trusts have been instrumental in funding initiatives in education, healthcare, and social development.
His will, originally signed on February 23, 2022, included four codicils, which are legal amendments allowing modifications to a will. The final codicil ensures that any undistributed assets, including unlisted shares and financial instruments, will also be directed towards these philanthropic trusts.
Family and Close Associates Remembered
Despite his primary focus on philanthropy, Ratan Tata ensured that his family members were well taken care of.
- His half-sisters, Shireen Jejeebhoy and Deanna Jejeebhoy, received a significant portion of his non-charitable assets, including bank fixed deposits, stocks, valuables, and artwork worth Rs 800 crore.
- His brother, Jimmy Naval Tata, was also included in the will, inheriting a portion of the family’s Juhu bungalow, silverware, and jewelry.
- His stepmother, Simone Tata, and half-brother, Noel Tata, also received portions of the Juhu property, ensuring that the ancestral estate remained within the family.
Close Associates and Friends Benefited
Apart from his family, Ratan Tata’s will also extended financial benefits and personal gifts to his close friends and trusted associates:
- Mohini M. Dutta, a former Tata Group employee and a close associate, received a share of his financial assets and valuables.
- Mehli Mistry, one of his closest friends, inherited Tata’s Alibaug property and a set of three firearms, including a .25-bore pistol.
- Shantanu Naidu, Tata’s executive assistant, had his student loan waived, reflecting Tata’s deep appreciation for his contribution.
- Jake Malite, a long-time neighbor, also benefited as Tata forgave his interest-free education loan.
International Assets and Personal Collection
Ratan Tata’s international wealth was also carefully distributed:
- His foreign assets, including Rs 40 crore worth of real estate in Seychelles, were transferred to RNT Associates Singapore, a firm linked to his business interests.
- His luxury watch collection, featuring 65 premium watches from brands such as Bulgari, Patek Philippe, Tissot, and Audemars Piguet, was distributed among close associates.
- His bank accounts at Wells Fargo and Morgan Stanley, as well as shares in Alcoa Corp and Howmet Aerospace, were included in his will’s allocations.
Tata’s Love for Animals Reflected in Ratan Tata Will
A well-known animal lover, Ratan Tata ensured that even his beloved pets were cared for after his passing.
- Rs 12 lakh was earmarked for their well-being, with each pet receiving Rs 30,000 per quarter to cover expenses like food, medical care, and maintenance.
Legal Process and Execution of the 3800 Crore Will
To ensure smooth execution of his will, Tata appointed four executors:
- Darius Kambatta, a legal expert
- Mehli Mistry, his close friend
- Shireen Jejeebhoy
- Deanna Jejeebhoy
The executors have already filed a petition in the Bombay High Court to obtain probate, a legal process that validates the will and grants permission for asset distribution. This process is expected to take approximately six months before any wealth is officially transferred.
