Meet India's third richest man with net worth Rs 258000 crore, only behind Mukesh Ambani, Gautam Adani

Grandson of a legendary businessman, Shapoor Mistry controls the 157-year-old Shapoorji Pallonji (SP) Group. The Mistry family have been close to the Tatas and both have partnered in several projects over the years. Shapoor comes from an illustrious family which produced business figures like his father later Pallonji Mistry, and brother Cyrus Mistry, who famously led Tata Sons before a fallout with Ratan Tata. Cyrus expired in a tragic car accident in September 2022. 

The Bloomberg Billionaires Index lists Shapoor Mistry as India’s third richest person, only behind Asia’s richest man Mukesh Ambani and erstwhile richest person of India Gautam Adani. Shapoor Mistry’s Mumbai-headquartered group has diversified interests in engineering & construction, real estate, shipping, textiles, home appliances, biotechnology, etc. SP Group is notably the single largest shareholder of Tata Sons, the holding company of the Tata Group.

Mistry had remained away from the public limelight and was less prominent than his father and brother in newspapers. At 47, Shapoor took over the reins of the SP Group from his father back in 2012 as chairman. He had already been serving in the capacity of MD. Shapoor was dubbed a "big picture strategist" by SP Group insiders, as per a TOI report at the time. 

As per Bloomberg, 58-year-old Shapoor Mistry is currently the third richest person in India and the 47th richest person in the world. His net worth stands at a whopping $31.1 billion (over Rs Rs 258000 crore). It mentions that Shapoor Mistry has added $3.34 billion to his wealth this year.