Mumbai: Industrialist Ratan Tata, who died on October 9, 2024, exemplified simplicity throughout his life, and reiterated his generous nature even in death as proven by his will in which he left money for his staffers and even his beloved pet dog Tito, a German Shepherd. Tata also provisioned for his cook Rajan Shaw and butler Subbiah in his will.
With a personal fortune if Rs 10,000 crore, Ratan Tata ensured that everyone near and dear to him was looked after following his death. His will reportedly provisioned for brother Jimmy Tata, as well as half-sisters Shirin and Dina Jeezbhoy. Ratan Tata also willed a mature share of his property to his charitable foundation.
What Ratan Tata left for pet pooch Tito
Ratan Tata willed a portion of his property to his German Shepherd Tito. The will provides for Tito to receive unlimited care until his death, the TOI reported. Tito was adopted by Tata 6 years ago. The German shepherd derived his name for Ratan Tata’s previous dog who was also named Tito.
To be sure, this is not a new development if we look outside India, However, naming a portion of your property to one’s pet may be a rare occurrence in India.
What will Ratan Tata’s cook, butler and PA receive
Ratan Tata’s cook Rajan Shaw and butler Subbiah have also been reportedly bequeathed a portion of his property. Even when he was alive, the ex-Tata group chairman emeritus was known to bring back designer clothes for his staff from his visits abroad, according to the report.
Loan waiver for Shantanu Naidu
Shantanu Naidu, Ratan Tata’s associate and the youngest ever general manager of Tata Trusts, also found mention in his will. While Tata’s stake in Naidu’s startup Goodfellows was terminated, his will also mentions that the loan extended to Naidu for higher studies has been waived completely.
What will happen to Ratan Tata’s remaining wealth?
The remainder of business tycoon Ratan Tata’s wealth, comprising his stake in Tata Sons and other Tata Group companies, is likely to be transferred to the Ratan Tata Endowment Foundation (RTEF) which is known to fund non-profit work. The late tycoon’s personal investments in startups will be liquidated and proceeds from the sale will be transferred to RTEF, according to the report.
Business tycoon and former Tata Sons Chairman Emeritus Ratan Tata was known for his philanthropic nature. Even his personal staff and pet dog Tito were provisioned for by Ratan Tata in his Rs 10,000 crore will. Know more Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
