Why the list does not includes these Ohho they are talking abt white money... anyways they should have included Sharad Pawar Mayawati Om Prakash Chautala Lalu Prasad Yadav Soniaji Yedurappa The list is enless India is such a big country Huhh
Re: Some Eminent names are not here
by Kannan Srinivasan on Mar 16, 2011 08:55 PM
The top billionaire should be A Raja ex telecom minister. This list is wrong.
Re: Why no Tata?
by Captain K on Mar 16, 2011 06:32 PM
No Tata companies director will be in the list individually. If he will be, then he will not be working with Tata. Tata companies are managed by Tata Sons, the holding company & other trusts. So no individual promoter will be in the list. They have a unique shareholding pattern, which is not seen much elsewhere in corporate world. Thanks
Re: Why no Tata?
by Mohnaz Balsara on Mar 16, 2011 06:26 PM
So many people around the world want to know that "What is the NetWorth 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 200
Re: Re: Why no Tata?
by Mohnaz Balsara on Mar 16, 2011 06:27 PM
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.
Re: Re: Re: Why no Tata?
by venkata subrahmanian on Mar 16, 2011 07:01 PM
I doubt, Tata's will ever be in the Forbes Billionaire list. 65% of shares of Tata Sons are held by Trusts balance 18% by Tata companies and 17% by Shapoorji Pallonji Mistry. Anyday, Tata's are better than PSU's, Bureaucrats and Politicians of this country.
Re: Good show ...
by AJIT ANAND on Mar 16, 2011 04:53 PM
these marwari's are giving jobs to lakhs of poor, whats wrong in being rich? also they give billions of rupees as taxes to govt. I hope you know, that, to fund poverty schemes govt. needs money in the form of taxes?
Re: Re: Good show ...
by piri on Mar 16, 2011 06:34 PM
And under pressure from those 'marwaris' and others, the govt. of India steadily keeps cutting corporate income tax year after year after year without any let up !!
This pattern has been going on without exception for the past 2 decades. For instance, in this year's budget, Pranab Mukherjee has pompously (as though he did a favour to the nation and not to the marwaris) written off corporate income tax worth Rs. 88,000 crores !!
considering that corporate tax is much much lower today than it was 2 decades ago, this is one give-away that no economist who is true to his heart and reasoning can really smile upon !!
And all the while, the jobs the marwaris are supposed to be giving to 'lakhs' of poor have not actually materialised to the extent visualised even by the very conservative 'growth chanting' government of India, leave alone the expectations of economists !!
Re: Re: Good show ...
by satar fatar on Mar 16, 2011 06:08 PM
How many jobs have been alloted to indians in Arcelor mittal?? How many jobs have been alloted in Vedanta by Anil Agrawal?? Marwadi's are snakes in business....
