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

Pallonji Mistry—an Indian Irish billionaire’s journey from outsider to kingmaker to opponent at the Tata Group

In the corridors of Bombay House, the 92-year-old headquarters of the $103-billion Tata Group, Pallonji Shapoorji Mistry is known as the “Phantom”. Hardly visible, yet enormously influential, the 87-year-old, with a love for whiskey and horses ...
Posted: October 26, 2016, 12:22 am

The Bargain Hunters

The Shapoorji Pallonji targets The Shapoorji Pallonji Group has always shunned publicity. It has been even more publicity averse after the controversial removal of Cyrus Mistry from the top job of Tata Sons last year. Cyrus went to the NCLT against the ...
Posted: December 13, 2017, 2:18 am

Cyrus Mistry's family and the Tatas have a long association: Here's the backstory

Cyrus Mistry is the son of Pallonji Mistry who headed the Shapoorji and Pallonji Group, a diversified conglomerate, according to Britannica. The Shapoorji Pallonji family is also one of the biggest shareholders in Tata Sons. The business conglomerate ...
Posted: October 25, 2016, 2:06 am
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