Industrialist Ratan Tata died on the 9th of this month. Ratan Tata, who was an example of simplicity throughout his life, gave proof of his generosity even while leaving. After his death, his will has now come to light, in which he has also kept a part for his pet German Shepherd dog ‘Tito’. In this will, arrangements have also been made for his cook Rajan Shaw and butler Subbiah.
According to a TOI report, Ratan Tata’s personal wealth is estimated to be around Rs 10,000 crore. A portion has also been kept in the will for his brother Jimmy Tata, his half-sisters Shirin and Dina Jeezbhoy, while most of the remaining property has been given to his own foundation, which is like a tradition of the Tata family.
Tito was adopted 6 years ago
A part of Ratan Tata’s property has been kept for his German Shepherd dog ‘Tito’. With this, as long as ‘Tito’ is alive, he will be given unlimited care. He had adopted this dog about 6 years ago. It was named after his old dog Tito, who breathed his last at that very moment.
In India, naming one’s property in the name of one’s pet may be a new phenomenon. But this kind of tradition exists in foreign countries since long.
In Ratan Tata’s will, property has also been provisioned for Rajan Shaw, who worked as his cook for a long time, and Subbiah, who worked as his butler for nearly 30 years. Ratan Tata had such a deep relationship with his household staff that while returning from a trip abroad, he would often bring designer clothes for them. Ratan Tata has made arrangements in his will for the better future of all the servants in his house.
Shantanu Naidu’s loan waived off
Shantanu Naidu, a long-time associate of Ratan Tata, has also found a place in his will. Ratan Tata’s stake in Shantanu Naidu’s startup ‘Goodfellows’ has now been liquidated. Not only this, the loan given to Shantanu Naidu for his studies abroad has also been waived off.
Apart from this, most of the wealth of Ratan Tata is his stake in various companies of Tata Sons and Tata Group. It will now be transferred to Ratan Tata Endowment Foundation (RTEF). This foundation will provide funding for non-profit works. Not only this, the investments made by Ratan Tata in startups in his personal capacity will be liquidated and the money will be transferred to this foundation.
