Meet Shireen Jejeebhoy and Deanne Jejeebhoy, named in Ratan Tata’s Will, received whopping amount of Rs…, also got paintings and…

Ratan Tata will: Everyone associated with the legend has received a pie from his wealth. Ratan Tata has left most of his wealth, estimated at around Rs 3,800 crore, to charity.

When we think about philanthropy, Ratan Tata is one of the first names that comes to our mind. Ratan Tata has left most of his wealth, estimated at around Rs 3,800 crore, to charity. This includes shares in Tata Sons and other assets. The money will go to the Ratan Tata Endowment Foundation, a Section 8 company, and the Ratan Tata Endowment Trust.

According to a The Economic Times report, everyone associated with the legend has received a pie from his wealth. Ratan Tata has left most of his wealth, estimated at around Rs 3,800 crore, to charity. This includes shares in Tata Sons and other assets. The money will go to the Ratan Tata Endowment Foundation, a Section 8 company, and the Ratan Tata Endowment Trust.

Trust gets the maximum

Ratan Tata allocated a huge portion of his estimated Rs 3,800 crore wealth to the Ratan Tata Endowment Foundation and the Ratan Tata Endowment Trust. These are both charitable organisations that will use the funds for philanthropic purposes. Apart from his shares in Tata Sons, Tata also invested in other stocks, financial instruments, and properties.

For step sisters

Tata also left one-third of his other assets, including bank fixed deposits (FDs), stocks, and valuables worth Rs 800 crore, to his half-sisters Shireen Jejeebhoy and Deanna Jejeebhoy. Another one-third of these assets was bequeathed to Mohini M Dutta, a former Tata Group employee who was close to Ratan Tata and another close friend Mehli Mistry will inherit the Alibaug property and three of Tata’s firearms, including a .25-bore pistol.

What his brother got?

His only surviving brother, 82-year-old Jimmy Naval Tata, will receive part of the Juhu home, silver articles, and some jewellery.

Tata’s love for animals is not hidden to anyone and so in reflects in the will too. He set aside Rs 12 lakh as a fund for his pets, ensuring that each of them receives Rs 30,000 every quarter for their care.

ALSO READ: Ratan Tata Family Tree: Parents separated, grandmother adopted him, raised him with step brother….Know the history of Tata family

Remember Shantanu Naidu?

Shantanu Naidu was the legend’s companion for a very long time. According to the will, Shantanu Naidu, his executive assistant, had taken a student loan, which will now be written off.

According to The Economic Times, the executors of the will have asked the Bombay High Court to approve it through a legal process called probate. The will, dated 23 February 2022, includes four codicils (legal updates made after signing). The last codicil states that the Ratan Tata Endowment Foundation and Ratan Tata Endowment Trust will receive equal shares of other investments and assets not specifically mentioned elsewhere.

Other assets

Court documents show that apart from Rs 4 lakh in cash, Ratan Tata had around Rs 367 crore in bank deposits and fixed deposits in India and about Rs 40 crore in foreign assets. These included land in Seychelles, bank accounts with Wells Fargo and Morgan Stanley, and shares in companies like Alcoa Corp and Howmet Aerospace. His assets also included 65 luxury watches from brands like Bvlgari, Patek Philippe, Tissot, and Audemars Piguet. He left his land in Seychelles to RNT Associates Singapore and ensured that R. Venkatraman and Patrick McGoldrick’s interests in RNT Associates India and RNT Associates Singapore were protected as shareholders.