Ratan Tata’s wealth: Foundation to handle fortune, cook and butler get a slice, a waiver for Shantanu Naidu.
The Ratan Tata Endowment Foundation (RTEF) will reportedly become the primary channel for the late industry giant’s considerable fortune, ensuring his legacy of philanthropy lives on. Established in 2022 as a Section 8 company focused on non-profit causes, RTEF is set to receive the majority of Tata’s estimated ₹10,000 crore estate, including his valuable stake in Tata Sons and other Tata Group companies.
Source: bt Business Today
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