|Pallonji Mistry Quick Info|
|Height||5 ft 6 in|
|Year of Birth||1929|
|Eye Color||Dark Brown|
|Date of Death||June 2022|
Pallonji Mistry was a self-made billionaire business tycoon who was the chairman of the Shapoorji Pallonji Group. Besides that, he was also the richest Irish citizen. His estimated net worth in October 2019, according to Forbes was US $ 14.4 billion. Pallonji was also one of the biggest shareholders of the Tata Group with a 66% controlling interest in the Tata philanthropic Allied Trusts.
Pallonji Shapoorji Mistry
Phantom of Bombay House
He was born in 1929.
Mistry died in June 2022 at the age of 93 in Mumbai, Maharashtra, India.
Mumbai, Maharashtra, India
He studied at the Cathedral & John Connon School in Fort, Mumbai. Later, Pallonji enrolled at the Imperial College London.
- Father – Shapoorji Pallonji
- Others – Noel Tata (Son-In-Law) (Indian Businessman)
5 ft 6 in or 167.5 cm
89 kg or 196 lbs
Girlfriend / Spouse
Pallonji’s name had been linked with –
- Pat “Patsy” Perin Dubash – Pallonji had married an Irish woman Pat Perin Dubash. She was nearly 10 years his junior. The couple had 4 children, 2 boys named, Cyrus Pallonji Mistry (b. July 4, 1968) and Shapoor Mistry as well as 2 daughters named, Aloo Mistry (married to Noel Tata, half-brother of Ratan Tata) and Laila Mistry (older daughter).
Race / Ethnicity
He was of Gujarati descent.
With age, Pallonji’s dark brown hair had become white.
- Partially bald
- Round face shape
- Sported a thick mustache
Pallonji Mistry Facts
- He was raised in a Parsi family that was originally from Gujarat.
- His father Shapoorji bought shares in Tata Sons in 1930. Until 2020, those shares have made Pallonji the largest shareholder in Tata Sons with an astonishing 18.9% shareholding.
- Pallonji also inherited his father’s construction business called the Shapoorji Pallonji Construction Limited which built various well-known buildings such as the Hong Kong & Shanghai Bank, the Grindlays Bank, the Standard Chartered Bank, the State Bank of India, as well as the Reserve Bank of India to name a few.
- He was the owner of the Forbes Textiles and Eureka Forbes Limited through the Shapoorji Pallonji Group.
- Pallonji was previously the chairman of Associated Cement Companies.
- In 1976, he took on his first foreign project which was for the palace of the Sultan of Oman.
- US $20 billion of Pallonji was seized as a result of a legal battle against Tata Group in 2019.
- According to an article posted by Forbes, Pallonji was said to have lost US $2.9 billion in a year in 2019, as his net worth dropped from $17.8 billion in 2018 to $15 billion in 2019.
- Mistry lost a whopping US $281 million as a result of a market crash in August 2019.
- The Shapoorji Pallonji Group was founded in 1865.
- In Pune, Maharashtra, India, he owned 200 acres (0.81 km2) stud farm as well as a 10,000-square-foot (930 m2) home.
- In the year 2003, he became an Irish citizen after sacrificing his Indian citizenship.
- In January 2016, he was awarded Padma Bhushan (one of India’s top civilian awards) by the Government of India for his contribution to trade and industry.
- In 2008, a book on Mistry’s biography was written by Manoj Namburu titled The Moguls of Real Estate.
Featured Image By Business Insider