Indian-Irish Industrialist and construction tycoon Pallonji Mistry has an estimated net worth of $15.6 billion as of 2015, according to Forbes. This dropped to $13.9 billion as of October 2018, according to the same source. He is the chairman of Shapoorji Pallonji Group, a Mumbai-based conglomerate with interests in construction, home appliances, shipping, real estate, textiles, engineering goods, publications, power, and biotechnology.
Born Pallonji Shapoorji Mistry in 1929 in India. He gave up his Indian citizenship in 2003 to obtain Irish citizenship because India does not allow dual citizenship.
Mistry has 18.4 percent stake in Tata Sons, the Tata Group holding company. He is the single largest shareholder in the company. Tata Group’s revenue is more than $100 billion.
With a market cap of around $85 billion, Tata conglomerate’s star performer Tata Consultancy Services is India’s most valuable company. Through Shapoorji Pallonji Group, he owns Shapoorji Pallonji Construction Ltd, Forbes Textiles and Eureka Forbes Ltd.
Pallonji Mistry is married and has four children, two sons and two daughters. He owns a 10,000 sq ft home in Pune. His elder son Shapoor runs the family legacy arm. He is a member of the board of Malaysian offshore oilfield services provider Bumi Armada, a company owned by Malaysian billionaire Ananda Krishnan. His other son Cyrus Mistry is the Chairman of Tata Sons. His daughter Aloo is married to Ratan Tata’s half brother Noel Tata. Pallonji Mistry is a Parsi. His religion is Zoroastrianism.