Ratan Tata’s ₹3,800 crore estate: Charitable endeavors at forefront

The late industrialist Ratan Tata's estate, valued at approximately ₹3,800 crore, will primarily support philanthropic causes through the Ratan Tata Endowment Foundation and the Ratan Tata Endowment Trust. According to a report in The Economic Times, Tata's will, dated February 23, 2022, outlines the distribution of his wealth with a focus on continuing the charitable initiatives he championed throughout his life.

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A substantial portion of the estate, including shares in Tata Sons and other financial assets, will be directed to these two charitable entities. Additionally, a third of Tata's personal financial holdings, valued at ₹800 crore, will be divided among his half-sisters, Shireen and Deanna Jejeebhoy, and close family friend Mohini M. Dutta.

Tata’s brother, Jimmy Naval Tata, is set to inherit a share of the family’s Juhu bungalow, while friend Mehli Mistry will receive the Alibaug property and Tata's prized collection of firearms. The will also includes provisions for Tata’s pets, with ₹12 lakh earmarked for their care.

Further, Tata’s assistant, Shantanu Naidu, will have his student loan forgiven, while neighbor Jake Malite will receive an interest-free education loan. The probate process, expected to take six months, will finalize the distribution of Tata’s global assets, including properties in Seychelles and a collection of luxury watches.