Why is tata is not coming under richest people list?

Question

Why is tata is not coming under richest people list?

Answer 1

He may not figure in the list of 40 richest Indians that Forbes compiled late in 2004, but Ratan Tata, chairman of the $14.3 billion Tata group, has been named Asia’s businessman of the year by the widely read international magazine. Though 75-year-old Pallonji Mistry, the largest individual shareholder in Tata Sons — the holding company of the group, was ranked fifth in the list of richest Indians, Ratan Tata was a notable absentee from that rich list.

Answer 2

May be Tata has lesser public shares than companies like Reliance, Wipro. A company becomes rich by the shares they sell to public and the amount accumulated as capital.