Owner of Shapoorji Pallonji Group
Net worth – $14.7 billions (2017 )
Pallonji Mistry was born in 1929 and when he was only a few years old his father purchased 18.4% shares of the law firm Tata Sons. The law firm would go on to belong to Tata Group, the largest conglomerate group in all of India. Since his father has sadly passed, the shares passed on to Pallonji, thus making him the largest shareholder of the largest conglomerate group which helps contribute to his multi-billion dollar fortune.
Outside of being a large shareholder, Mistry also owns Shapoorji Pallonji Group, the largest business conglomerate in India which oversees lots of construction and real estate. The company itself is known for building a lot of Mumbai’s largest banks, including: Reserve Bank of India, Hong Kong Bank and Gridlay’s Bank. The group also helped pay for repairs after terrorists attempted to destroy the Taj Matal in 2008 and just recently began an affordable homes program.
Even though Pallonji still lives in Mumbai, he currently has citizenship in Ireland after meeting and eventually marrying an Irish woman named Patsy Dubash. One thing they have in common is their love for horses so the two now operate a 10,000 square foot stud farm in India where they breed horses for racing purposes.