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Ratan Tata Unknown Facts

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Chairman emeritus of the Tata Group, Ratan Tata is arguably one of the most successful people of India.  During his 21 year career, he transformed Tata Group from a national brand to an international brand with his impeccable business skills.

Here is a list of some lesser known facts about the 81 year old industrialist:

1) Though he was born in an affluent household, Ratan Tata had a troubled childhood. His parents, Naval Hormusji Tata and Sooni Tata, separated when he was just 7 years old.  Post the separation, his brother and he were raised by their grandmother.

2)  Ratan Tata has a degree in architecture from Cornell University and he even pursued an advanced management program from Harvard Business School.

 

3) When Ratan Tata first started his career at Tata Steel, his job was to manage the blast furnace and shovel limestone.  It was only in 1991 he became the Chairperson.

 

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4) Ratan Tata is an avid car lover and does not refrain himself from spending on cars.  His car collection includes Maserati Quattroporte, Chrysler Sebring, Ferrari California, Mercedes Benz S-Class and Jaguar F-Type.

 

5) Not many people know Ratan Tata is a trained pilot.  He owns a pilot’s license and is often seen flying aircrafts owned by the Tata Group.  He was also the first Indian to fly the F-16 Falcon in 2007.

6) In 1999, Ratan Tata and his team went to Ford to sell their emerging car business and were humiliated by Bill Ford who said, “You do not know anything, why did you start the passenger car division at all.”  Nine years later, Ratan Tata got his sweet revenge when he took over Ford’s ace car brands, Jaguar and Land Rover, for half the price.

 

7) Ratan Tata received the third and second highest civilian awards, Padma Bhushan and Padma Vibhushan in 2000 and 2008 respectively.  In 2009, the United Kingdom honoured him with the Honorary Knight Commander of the Order of the British Empire.

8) Ratan Tata is not included in the world’s richest as he owns most of his shares through trusts and foundations.  If all those shares are accounted, his net worth would be $ 72 billion.

 

9) By his own admission, Ratan Tata came close to marriage 4 times in his life, but backed off each time either due to fear or another reason.

10) Ratan Tata donates millions to education every year.  One particular year, he donated $ 50 million to Harvard University and $25 million to Cornell University, especially for the Indian students studying at the two universities.

 

Fighting all the hurdles that came his way, today Ratan Tata is the king of the corporate world.  Thank you, Mr. Tata, for being an inspiration to an entire Nation.

 

Comment below and let us know which of these facts surprised you the most.

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Wacky Stories About Entrepreneurs

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The world of business is quite serious and can seem intriguing at times.  However, there are many people out there who proved entrepreneurs can have some really interesting personalities.  Here is a list of four crazy things famous entrepreneurs have done.

Wacky stories about famous entrepreneurs

1) Nicolas Berggruen

Famous philanthropist and investor Nicolas Berggruen avoided buying a house for years.  He preferred to travel and stay at various hotels all over the world. This unique lifestyle earned him the nickname of “the homeless billionaire.”  However, Berggruen decided to settle down and bought a house worth $ 40 million in 2017.

2) Yoshiro Nakamatsu

This Japanese inventor is credited for inventing many things like the floppy disk, jumping shoes with leaf springs and a wig for self defense.  He has more than 3,357 inventions to his name. In many interviews, Nakamatsu said underwater diving gives him the best ideas. He also claims to get best ideas when he spends time in his “calm room” made up of 24 karat gold.  Nakamatsu also predicts he would live till the age of 144.

3) Steve Jobs

Steve Jobs, the brilliant mind behind the famous Apple Inc., was also a bit eccentric.  He was known to be a perfectionist, however, he did many things which are considered crazy.  He would soak his feet in toilets in order to relieve stress. At one point, he ate so many carrots, his skin turned orange.  He also stopped taking showers after starting a meat free diet, as he believed the diet would help his body not to produce any body odor.

4) Robert Graham

The American entrepreneur, known for developing shatterproof plastic eyeglass lenses, was also an eccentric person.  He reportedly opened a sperm bank for geniuses, where donation was expected only from Nobel Prize winners. However, the idea did not work out well.

 

Which of these crazy stories about famous entrepreneurs surprised you the most?  Comment below and let us know.

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Burt’s Bees Founding Story

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Burt’s Bees is a famous American personal care products company known for using all natural ingredients in its products.  The Company was founded in 1984 in Maine under some unlikely circumstances. Burt’s Bees was founded by Burt Shavitz, a photographer turned beekeeper and Roxanne Quimby, a candle maker. 

Burt Shavitz, whose face has been gracing all Burt’s Bees products since the Company was founded, was a famous photojournalist who had his photographs featured in Time and Life magazines.  Shavitz considered his life unfulfilled in the city of Manhattan and escaped to rural Maine, where he started a honey business.  During this time, Shavitz met Roxanne Quimby, an artist and candle maker. 

The two struck up a partnership to start a candle making business using the beeswax from Burt Shavitz’s honey business.  They started the business with an investment of $ 200 in an abandoned one room schoolhouse. Shavitz and Quimby started selling their beeswax candles at a high school craft fair.  The business flourished and within a year, the duo made a $ 20,000 profit. In 1989, they increased their production after getting a large order from a New York boutique and moved their headquarters to an abandoned bowling alley.

During this time, Quimby came across a 19th century beekeeping book which included homemade personal care recipes using beeswax.  This prompted the Company to change its direction from candle making to personal care products. Burt’s Bees became a legal corporation in 1991 and introduced the most famous product of the Company, Burt’s Bees lip balm.  By 1993, the Company’s main focus was exclusively on personal care products. The Company slowly started expanding to international market and started selling its product in Japan by the late 1990s.

However, during this time, Roxanne Quimby forced Shavitz out of the Company over personal issues.  In 1999, Quimby bought Shavitz’s stake of the Company and offered him a $ 130,000 house in Maine. Quimby went on to sell the Company to the Clorox Corporation in 2007 for $ 925 million. 

Now, after 35 years since its inception, Burt’s Bees is still a popular brand, selling more than 100 products under its name.  The success of Burt’s Bees also made its founders, who were just small business owners earlier, millionaires.

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Michael Dell Unknown Facts

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Michael Sull Dell, the founder and CEO of Dell Technologies, is a well known businessman and philanthropist.  He is also considered one of the most powerful figures by several magazines. Here are some lesser known facts about Michael Dell.

Unknown facts about Michael Dell

1) Michael Dell, in an effort to enter the business world early, took a high school equivalency exam at the age of 8.

2) Like many self made billionaires, Michael Dell had a humble beginning and worked part time as a dishwasher at a restaurant and sold subscriptions of the Houston Post during his high school days.

3) Michael Dell started his first business when he was 12 and formed a marketing company which offered national stamp auction through mail.  The business was a profitable one, with Dell earning $ 2000 from it.

4) Michael Dell’s very first computer was an Apple II, which he later tore apart in order to see how the inside of the computer worked.

5) Even though Michael Dell is known as a tech giant, he attended college as a pre med student.  While at college, Dell started an informal business and eventually dropped out, after his business became a success.

6) Dell set a new record in the city of Manhattan when he purchased a penthouse at One57 skyscraper for $ 100.47 million.

7) Michael Dell is not just a businessman and philanthropist, but also an author.  Dell collaborated with author Catherine Fredman to write a book Direct from Dell: Strategies that Revolutionized an Industry, which describes Dell’s business journey.

Michael Dell climbed the ladder of success at an early age, with his focus and dedication.  Now worth $ 35 billion, he is an inspiration to many entrepreneurs. 

Which of these facts about Michael Dell did you find interesting?  Comment below and let us know.

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