Pallonji Mistry
Mumbai, India
Ireland
construction
$15,900,000,000
79
#79 Billionaires 2019
#5 India's Richest 2018
Reclusive tycoon Pallonji Mistry controls Mumbai-headquartered engineering and construction giant, 154-year-old Shapoorji Pallonji Group.The family's biggest asset is an 18.4% stake in Tata Sons, holding outfit of the $100 billion (revenue) Tata Group, a conglomerate of 100 companies.The S.P. Group, run by Mistry's older son Shapoor, also owns Eureka Forbes, the country's leading brand of water purifiers. Mistry's younger son Cyrus, who was ousted as chairman of Tata Sons in October 2016, has started a venture capital fund to invest in start-ups.
Mistry's first overseas project was building the palace of the Sultan of Oman in 1976.The Tata Group severed decades-old business ties with Mistry's companies after the fallout between the two families.
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