00:00Ratan Tata may not be with us today, but his work, memories and the institution built by him will always be there.
00:11But after his departure, worries have increased about his 15,000 crore wealth.
00:17Tata's Ratan Tata Endorsement Foundation is included in many people's names in the will,
00:21but there is still confusion about who will get 15,000 crores from Ratan Tata.
00:27So let's tell you everything in detail in this video.
00:30In the will of Ratan Tata, his foundation, his brother Jimmy Tata, his step-sisters Shireen and Dindana Jinibhoy and his family members are included.
00:40In his will, a system has been designed for his close people, in which the names of these people are included.
00:46Ratan Tata's foundation will be run with his personal money, which will be used for social service.
00:53But who will choose the trustee of RTEF?
00:56Nothing has been clear about this yet.
00:59This is because Ratan Tata has not given any clear instructions about this in his will.
01:05In this case, people associated with Tata Group can take the help of an impartial person for the trustee of RTEF.
01:12According to the report, a retired Chief Justice of the Supreme Court can be made an arbitrator in this case.
01:18This will determine who has the right to choose a trustee, the people who implement Tata's will, the members of the Tata family or Tata Trust.
01:27In 2022, Ratan Tata created RTEF and Ratan Tata Endorsement Trust institutions for social work, which are being run with his money.
01:37Ratan Tata's 0.83% stake was in the holding company Tata Sons of Tata Group, the largest business family in the country.
01:47Ratan Tata had an individual net worth of Rs. 8,900 crores, according to the Huron Rich List.
01:53But due to the shareholders in his companies, his net worth was more than Rs. 15,000 crores.
01:59Ratan Tata used to invest his earnings in social service.
02:02In this case, it is believed that RTEF will manage most of his property, while the rest will be seen by the trust.
02:09At the same time, all the cars, including his luxury cars, will be auctioned and the money received will be put in RTEF.
02:16Ratan Tata wanted his money to be invested in social work, so this is also expected to happen.
02:22Ratan Tata had made RR Shastri and Bujjis Tarapurwala the holding trustee of RTEF.
02:28But now there is no information about who will become the trustee of RTEF.
02:33In his will, Ratan Tata chose Darius Khambata, Mehli Mistry, Shirin and Diana JG Bhoy for the executive.
02:40Khambata is a senior lawyer and is also the executor of Ratan Tata's will.
02:45According to information, it has been stated in the report that if there is no special instruction about the management of property in the will,
02:54then it is the responsibility of the executors to work according to the wishes of the person going.
02:59So what is your opinion on this whole news?
03:02And according to you, who should be the owner of 15,000 crores of property of Ratan Tata?
03:08Give us your opinion in the comment box and keep watching Good Returns for such updates.
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