Shapoor Mistry Net Worth (Updated 2024)

What is Shapoor Mistry’s Net Worth?

Shapoor Mistry, the chairman of the Shapoorji Pallonji Group, has an estimated net worth of $7.6 billion. The primary source of Mistry’s wealth stems from his family’s significant stake in Tata Sons, the holding company of the Tata Group. The Mistry family owns an 18.4% stake in Tata Sons, which is a substantial asset contributing to their overall net worth. This stake has been valued at billions of dollars, making it one of the most valuable private holdings in India.

Shapoor Mistry’s wealth is not solely derived from the Tata Sons stake. He also controls the Shapoorji Pallonji Group, a diversified conglomerate with interests in construction, real estate, textiles, and other sectors. The group’s various business ventures contribute significantly to Mistry’s overall net worth.

Here’s the breakdown of Shapoor Mistry’s net worth:

Name:

Shapoor Mistry

Net Worth:

$7.6 Billion

Date of Birth:

1964

Profession:

Businessperson

If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.

Shapoor Mistry Net Worth

Early Life

Shapoor Mistry was born in 1964 to Pallonji Mistry and Patsy Perin Dubash. He grew up in a prominent Parsi family with a rich history in the construction and business world.

Shapoor’s great-grandfather had initiated a venture in India in 1865, laying the foundation for what would become the Shapoorji Pallonji Group. As the eldest son of Pallonji Mistry, Shapoor was groomed from an early age to take on significant responsibilities within the family business.

Career

Shapoor Mistry’s career has been closely tied to the family’s business interests, particularly the Shapoorji Pallonji Group. In 2012, he was appointed as the chairman of the group, a position that put him at the helm of a diversified conglomerate with interests in construction, real estate, and other sectors. Under his leadership, the SP Group has continued to expand its footprint, now operating in 40 countries across Asia, Africa, and the Middle East.

One of the most significant aspects of Shapoor’s career has been managing the family’s 18.4% stake in Tata Sons, the holding company of the Tata Group. This stake has been a major contributor to the family’s wealth and has also been the source of some controversy, particularly following the ousting of his brother Cyrus from the position of Tata Group chairman in 2016.

In recent years, Shapoor has been instrumental in restructuring the family’s business interests. In FY21, he and his late brother Cyrus decided to create two separate structures for infrastructure and real estate, SP Finance and SC Finance, to improve operating cash flows.

Personal Life

Shapoor Mistry is married and has two children. He is known for maintaining a relatively low profile, despite his family’s prominence in Indian business circles. Shapoor holds Irish citizenship, a legacy of his father’s decision to become an Irish citizen in 2003 based on his marriage to Pat “Patsy” Perin Dubash, who was born in Dublin.

The Mistry family has faced significant personal losses in recent years. In 2022, Shapoor lost both his father, Pallonji Mistry, and his younger brother, Cyrus Mistry, in separate incidents. These losses not only affected the family personally but also led to significant changes in the management and structure of their business interests.

Despite these challenges, Shapoor has taken on the mantle of leadership for the family’s business interests. He now operates the companies largely by himself, reorganizing the business and giving responsibilities to his son and Cyrus’s two sons.

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