INDIA New England News
Jamsetji Tata
New Delhi– Jamsetji Tata, the founder of Tata Group, has been named the topmost philanthropist of the last century globally by Edelgive Foundation and Hurun India.
The inaugural list on philanthropists of the century released by Edelgive Foundation and Hurun India noted that with donations of $102.4 billion, Jamsetji Tata is the topmost philanthropist globally.
The total philanthropic value of Tata is made up of 66 per cent of Tata Sons, estimated at $100 billion, solely based on the value of listed entities, the report said.
Tata made his fortune in the 1870s after floating the Central India Spinning Weaving and Manufacturing Company and set up the JN Tata Endowment in 1892 for higher education, which was the beginning of the Tata Trusts. India’s first Prime Minister Jawaharlal Nehru often mentioned him as the “One Man Planning Commission”, said the report.
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