Saturday, March 13, 2010

Pallonji Shapoorji Mistry, of SP Info City Fursungi Pune, is the richest Irish Citizen on the Forbes list

Phantom of Bombay House: Pallonji Mistry, 79, the head of Shapoorji Pallonji, who is sometimes referred to as the Phantom of Bombay House because of his reclusive nature and ownership of the single largest bloc of shares in Tata Sons, has initiated the process through a complex series of mergers and demergers of his investment arms...Read More
The richest Irish citizen is Mr Shapoorji, a 79 year old Indian entrepreneur and construction tycoon, who is placed 129th. Mr. Shapoorji Mistry has moved up in the world rankings from his spot at 261 last year, his net worth having increased from $2.5bn to $5.8bn.

In 2006 he followed his wife and four children in obtaining Irish citizenship. As India does not allow dual citizenship he renounced his Indian citizenship, but is still resident in Mumbai.

Mr Shapoorji Mistry owns an 18.5% stake in Tata Sons and is the largest shareholder in the Tata Group, India's largest private conglomerate. Despite his success in business, he is known for his media shyness and rarely appears in public.

He currently owns a 10,000 sq ft bungalow adjacent to the Osho Commune in Pune, India, known as the world's largest meditation resort.

The Mistrys are said to be passionate about horse racing, and own a 200 acre stud farm, which is also in Pune. It is reported that all the drinking water given to the horses, which total around 100, is filtered through Aqua Guard.

The Mistrys also own air and water purification systems company Eureka Forbes.

To read more, please, visit Irish billionaires up on Forbes rich list -

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