According to the Bloomberg Billionaires Index, Pallonji Mistry amassed a net worth of about $29 billion, making him one of the wealthiest men in both India and Europe, know his age, wife, son, company and Twitter
Indian-born millionaire Pallonji Mistry passed away in Mumbai.
Pallonji Mistry Passed Away, Cause Of Death, Biography, Age, Family, Wife, Son, Business, Company, Religion, Net Worth And Twitter
He was 93. The Indian tycoon’s passing was verified by a corporate representative. On the night between Monday and Tuesday, he passed away in the middle of his sleep at his home in south Mumbai, according to the officials, PTI reported. He is said to have passed away owing to natural causes and issues pertaining to old age.
Saddened by the passing away of Shri Pallonji Mistry. He made monumental contributions to the world of commerce and industry. My condolences to his family, friends and countless well-wishers. May his soul rest in peace.
— Narendra Modi (@narendramodi) June 28, 2022
The end of an era with Pallonji Mistry. Being able to see his brilliance and gentleness in action was one of life’s greatest pleasures. The family and his loved ones have my condolences, wrote Union Minister Smriti Irani.
According to its website, Mistry and his family are in charge of the Shapoorji Pallonji Group, which was founded more than 150 years ago and currently employs more than 50,000 people in more than 50 countries. The Reserve Bank of India, the Oberoi Hotel in Mumbai, and the blue-and-gold Al Alam palace for the Sultan of Oman are just a few of its iconic projects.
Mistry was born to a Parsi family in Bombay, Maharashtra, the younger son of Indian billionaire and construction magnate Pallonji Mistry by his wife Patsy Perin Dubash and his parents belonged to the Zoroastrian faith and had roots in India.
What you need to know about Indian billionaire Pallonji Mistry is provided here.
- According to the Bloomberg Billionaires Index, Pallonji Mistry amassed a net worth of about $29 billion, placing him among the wealthiest men in both India and Europe.
- Mistry, who is the largest individual stakeholder in the Tata Group, owns 18.4% of the business.
- Through his lengthy marriage to Patsy Perin Dubash, who was born in Dublin, Mistry relinquished his Indian citizenship in 2003 and became an Irish citizen.
- Mistry was born in Mumbai on June 1st, 1929. The son started working for the family business in 1947; his father, Shapoorji Mistry, was a staff member.
- In 1970, he oversaw the company’s entry into the Middle East, which included Dubai, Qatar, and Abu Dhabi. In 1971, it was awarded a contract to erect numerous ministerial buildings in Oman, including the palace of the Sultan.
- After Shapoor, his eldest son, assumed leadership of the SP Group companies in 2004, Mistry was forced to take a backseat.
- Laila and Aloo were Mistry’s two daughters in addition to his two boys. The latter wed Noel Tata, Ratan Tata’s half-brother and chairman emeritus of Tata Sons.