Ratan Tata passed away last year after age-related ailments and his will has now been revealed. The industrialist left a major chunk of his Rs 3800 estate for philanthropic causes which included his family, close friends, employees and pets. Here’s a breakdown of who is getting in Ratan Tata’s will.
Key Beneficiaries of Ratan Tata’s Estate
Philanthropy First: A majority of his Rs 3,800 crore wealth, including Tata Sons shares, goes to the Ratan Tata Endowment Foundation and Ratan Tata Endowment Trust for charitable causes.
Family & Close Friends:
Half-sisters Shireen & Deanna Jejeebhoy get one-third of assets, including FDs and stocks coming upto Rs 800 crore.
Mohini M Dutta (ex-Tata employee) gets one-third of assets.
Jimmy Tata (brother) gets a share of Juhu bungalow, silverware, and jewellery.
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Mehli Mistry (friend) gets Tata’s Alibaug property and three guns.
Staff & Others:
Tata left Rs 12 lakh for his pets’s care (Rs 30,000 per quarter for care).
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Loans waived for Shantanu Naidu (student loan) and Jake Malite (education loan).
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Luxury Collection: 65 watches, international assets, and land in Seychelles bequeathed accordingly.
Tata’s cook longtime cook Rajan Shaw gets Rs 1 crore and waiver of Rs 51 lakh loan.
His butler Subbaiah Konar gets Rs 66 lakh, including a loan waiver of Rs 36 lakh.