Pallonji Mistry Net Worth is$9.7 Billion
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Profession: Business magnate
Date of Birth: 1929
Country: India
Net Worth: View Pallonji Mistry Net Worth
What is Pallonji Mistry's net worth? Pallonji Mistry's net worth is $9.7 billion dollars which makes him the richest person in Ireland. Born in India, Pallonji Mistry became an Irish citizen in the early 2000s. He is the chairman of the Shapoorji Pallonji Group, a massive construction company that is responsible for most of the major buildings in Mumbai, including the Hong Kong & Shanghai Bank and the Standard Chartered Bank. A portion of Mr. Mistry's wealth also comes from his 18.4% stake in Tata Sons, the firm that oversees the Tata Group, a multinational company with automotive, steel, financial, hotel, telecommunications, and property development holdings. The company currently owns and operates businesses in 80 countries, including Jaguar, Land Rover, and Tetley Tea, and has partnered with Starbucks in order to launch a line of coffee shops in India. Pallonji Mistry is the largest single shareholder in the company.
Pallonji Shapoorji Mistry (born 1929) is an Indian-born Irish construction tycoon and chairman of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US$9.7 billion as of 2012 making him the wealthiest person of Parsi descent. With his 18.4% stake in Tata Sons, he is the single largest shareholder in India's largest private conglomerate Tata Group. He is also the Chairman of the Shapoorji Pallonji Group through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is also the former Chairman of Associated Cement Companies. Pallonji gave up his Indian citizenship in 2003 in order to obtain Irish citizenship, because India does not yet allow dual citizenship. His son Cyrus has been named as the deputy chairman of Tata Sons and shall succeed Ratan Tata in December 2012. A short biography of Mistry was written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate.
Mistry's father first bought shares in the Tata Sons in the 1930s, a stake that currently stands at 18.4%. Mistry is the largest single shareholder in Tata Sons, a firm mostly controlled by trusts. The Mistrys have a huge construction company, Shapoorji Pallonji. Shapoorji, the group patriarch and Pallonji's father, built some of Mumbai's landmarks around the Fort area - the Hong Kong & Shanghai Bank, the Grindlays Bank, the Standard Chartered Bank and the Reserve Bank of India buildings.
Mistry is an extraordinarily low-profile billionaire, never giving interviews and rarely being seen out in public. He is often described as being media shy. His employees call him the man with no faults, his friends describe him as humble and within the Tata Group he is known as the Phantom of Bombay House for the quiet but assured way he commands power around the south Mumbai headquarters of the Tata empire.
In 2003, he became an Irish citizen "on the basis of his marriage to an Irish born national", Pat (Patsy) Perin Dubash, who was

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Pallonji Mistry Latest News

Mukesh Ambani's Wealth At $22.7 Billion Equals Estonia's GDP, Azim Premji's More Than Mozambique

Pallonji Mistry with a wealth of USD 13.90 billion is the 5th richest Indian on the list. According to magazine, the total wealth of India’s top five billionaires, which stands at a whopping USD 83.7 billion, is more than the cost of 1,230 Mars Orbiter ...
Posted: October 21, 2016, 4:27 am

At Rs 1.5 lakh crore, Mukesh Ambani’s wealth equals Estonia's GDP; tops Forbes list

Pallonji Mistry with a wealth of $13.90 billion (over Rs 92,000 crore) is the 5th richest Indian on the list. According to magazine, the total wealth of India's top five billionaires, which stands at a whopping $83.7 billion (Rs 5.6 lakh crore), is more ...
Posted: October 20, 2016, 3:41 pm

Mukesh Ambani's wealth at $22.7bn equals Estonia's GDP: Forbes

With a wealth of $13.90 billion, Pallonji Mistry is the fifth richest Indian on the list. According to magazine, the total wealth of India's top five billionaires, which stands at a whopping $83.7 billion, is more than the cost of 1,230 Mars Orbiter ...
Posted: October 23, 2016, 1:11 pm
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