Mumbai: Pallonji Mistry, an Indian-born Irish billionaire who built luxury hotels, stadiums, palaces and factories across Asia, has died in Mumbai. He was 93 years old.
A company spokesperson confirmed the death of the Indian businessman after the news spread on social media posts.
According to the Bloomberg Billionaires Index, Mistry has a net worth of about $ 29 billion, making him one of the richest men in India and Europe. Born in Dublin, he married Patricia Perin Dubash in 2003 and renounced his Indian citizenship and became an Irish citizen.
Pallonji Mistry , the end of an era. One of life’s greatest joys was to have witnessed his genius , his gentleness at work. My condolences to the family and his loved ones.
— Smriti Z Irani (@smritiirani) June 28, 2022
Mistry and family manages the Shapoorji Pallonji Group, which started 150 years ago and today employs more than 50,000 people in more than 50 countries, according to its website. Its major projects include the Reserve Bank of India, the Oberoi Hotel in Mumbai and the blue and gold Al Alam Palace for the Sultan of Oman.
However, the bulk of the family wealth comes from the largest minority shareholders - 18.5% - of Mumbai - based Tata Sons Pvt Ltd, the largest investment holding company in India.
To get the latest news & information from www.irishindianmirror.com click on the link and follow: Indian in Ireland | Accommodation |
.png)
The opinions posted here do not belong to 🔰www.indiansdaily.com. The author is solely responsible for the opinions.
As per the IT policy of the Central Government, insults against an individual, community, religion or country, defamatory and inflammatory remarks, obscene and vulgar language are punishable offenses. Legal action will be taken for such expressions of opinion.