When Pallonji Mistry died in August, 2019, his net worth was $35 billion.
Introduction
Mistry was born in Mumbai, Maharashtra, India.
He is the son of Vakilji Mistry who owned a construction business.
Mistry is the Chairman of Tata Group and one of India’s richest individuals. He is also one of the largest international investors in the Indian stock market.
A man considered to be a powerful shareholder of which is the Tata Group Trust, with 66 percent controlling interest.
Mistry is the richest Indian and is the second richest person in the world as of July 7, 2019.
When Pallonji Mistry died in 2004, his net worth was estimated to be around $3 Billion.
Early Life
Pallonji Shapoorji Mistry was born into a Parsi family in India.
Mistry attended Imperial College in London and graduated from there in 1981.
The Shapoorji group own a substantial construction company, Mistry Group. This group has built the iconic Hong Kong & Shanghai Bank, Grand Hyatt Mumbai and other landmarks around Mumbai’s Fort area.
Career
Mistry was born in Bombay to an Parsi family. In the 1980s, when the family still held its shares in Tata Steel, Mistry joined the company as CEO but was forced to step down after a year, and he started looking for his next venture.
Mistry became an Irish citizen in 2003 based on his marriage to Pat “Patsy” Perin Dubash, who was born in Ireland.
He is the chairman of Associated Cement Companies, where he also holds the position of managing director. This cement manufacturer company’s subsidiaries include: ABB Ltd. Ltd., Harsha Cement and Co. Ltd., Manikampatti Cement Ltd., Vimal Enterprises Ltd., and Cement Industries Ltd. Forbes Textile, a manufacturer of clothing and textiles, is controlled by Mr. Pallonji, and was acquired in 2000.
C. Subramaniam, has served as India’s ambassador to Italy, Japan, the US and the UK. Subramaniam, a close associate of Congress vice-president Rahul Gandhi, is one of the most powerful figures in India today.
Mistry is the richest Indian and is the second richest person in the world as of July 7, 2019.
When Pallonji Mistry died in 2004, his net worth was estimated to be around $3 Billion.
How Does Pallonji Mistry Spend His Money?
Mistry had spent some of his money on expensive cars.
Pallonji Mistry’s Cars
Mistry is famous for being one of the richest people in the world, and she is also known for owning a house that measures more than 100 acres.
Highlights
Pallonji founded the Mistry Group in 1960 and was its chief executive up till 1996. He was one of the founding fathers of the Indian business landscape. The Mistry Group is currently worth $3.7 billion.
Favorite Quotes From The Mistry Family
Mr. Mistry had a heated confrontation with some big investors. Some had their own business interests in India, and they wanted to ensure that Tata continued business as usual.
3 Life Lessons From The Mistry Family
The first lesson to learn from Pallonji Mistry is that you should be willing to invest your time and resources for the cause you believe in, even if it makes a lot of people uncomfortable.
1. Leadership Is A Political Process
People who say “be authentic” and “don’t care what others think” are stupid. People who care what other people think are smart. Most people are a combination of the two.
2. Know When It’s Time To Bid Farewell
If you want to succeed, you must be prepared to adapt and grow along with the world.
3. Never Be Complacent
Any organization will go through organizational change, but it is imperative to focus on improving existing processes and people, rather than start from scratch.
The following is an example of how the text could be paraphrased.
Summary
His family has been involved in Indian infrastructure for a long time. They’ve built up a huge construction business and he’s a big donor to various causes. He’s an interesting guy with some interesting views.
Pallonji Mistry is worth $19 Billion as of July 2022 according to Forbes magazine.