Ratan Tata will: Charity gets most share, Shantanu Naidu's loan waived off

Ratan Tata's stake in Tata Sons will go to his two foundations, with 70 per cent going to RTEF and the remaining to RTET, according to news reports

Late industrialist Ratan Tata has left a majority of his total wealth, estimated at ₹3,800 crore, to Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET) for charitable and philanthropic purposes.

 

According to a report in The Economic Times, the share from Tata’s wealth will also comprise ordinary and preference shares of Tata Sons and other assets. Tata, who died in October 2024, has also left one-third of his other financial properties, including fixed deposits (FDs) in banks, financial instruments, and physical assets like watches and paintings, to his two half-sisters, Shireen Jejeebhoy and Deanna Jejeebhoy, the value of which is estimated at ₹800 crore.

 

  

Mohini M Dutta, a former confidant of the late industrialist, also gets a mention in his will along with at least two dozen beneficiaries, including Jimmy Tata (brother), half sisters, Shantanu Naidu (executive assistant to Ratan Tata), and his pets.

 

Dutta will be receiving one-third of Tata’s residual estate, excluding his shares in Tata and non-Tata companies and houses, along with his two half-sisters. According to his will, “If any of the three chooses to take over any of my other assets like car, painting, etc, its value will be determined by the three values and taken out of public auction, and such value will be part of each one’s one-third share.