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Grizzly Bulls’ Billionaires Index

⬅ # 273 Todd Graves|# 275 Sandra Ortega Mera ➡

# 274 Shapoor Mistry 

$9.03B

Real Time Net Worth
as of 5/10/2024
-$64.2M (-0.71%)

# 274 Shapoor Mistry 

$9.03B

Real Time Net Worth
as of 5/10/2024
-$64.2M (-0.71%)
Source of WealthDiversified
Age59
ResidenceMumbai, India
Marital StatusMarried
Children2
Age-Adjusted Net Worth$9.66B
Shapoor Mistry
Shapoor Mistry
Ireland
Net worth: $9.03B

Self-Made Score 

Wealth History

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Biography

Overview

Shapoor Mistry is the eldest son of Pallonji Mistry, born in 1964 to Pallonji Mistry and Patsy Perin Dubash.
He has two sisters and a younger brother, Cyrus Mistry.
Following the deaths of his father and brother in 2022, Shapoor assumed the leadership role in the Shapoorji Pallonji Group.
He is tasked with leading the diversified engineering and construction firm, generating close to $30 billion in revenue.
The group holds an 18.41% stake in the $130 billion Tata firm.
His father, Pallonji Mistry, had a wealth frozen in a legal dispute with the Tata Group.

Family Losses and Business Restructuring

In 2022, Shapoor Mistry faced personal losses with the deaths of his father, Pallonji Mistry, and his younger brother, Cyrus Mistry.
Prior to Cyrus's death, the brothers were working together to restructure the debt-laden family business by selling key assets.
Shapoor Mistry has taken on the responsibility of leading the Shapoorji Pallonji Group and reorganizing the company after the losses.
The family's biggest asset is an 18.4% stake in Tata Sons, holding outfit of the $150 billion Tata Group.

Business Restructuring Under Shapoor's Leadership

In FY21, Shapoor and Cyrus decided to restructure the company, establishing two distinct structures for infrastructure and real estate, SP Finance and SC Finance.
Previously, all operations were housed under SPCPL.
The goal was to increase operating cash flows by separating infrastructure and real estate operations.
The advisory board for S.P. Finance and S.C. Finance includes four family members: Shapoor, his son, and the two sons of the late Cyrus Mistry, Firoz and Zahan.
The envisioned two-tier structure is comparable to major businesses in Europe.
Roles of management and promoters are anticipated to be separated.

Professional History and Accomplishments

Shapoor Mistry leads the Shapoorji Pallonji Group, a renowned engineering and construction giant established in 1865.
The SP Group has constructed notable buildings, including the RBI building in Mumbai and the Tower Wing of the Mumbai Taj Mahal Palace Hotel.
The organization aims to increase its footprint in Asia, Africa, and the Middle East, with operations in 40 countries.

How long would it take you to become as rich as Shapoor Mistry?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Shapoor Mistry's net worth of $9.03B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Shapoor Mistry is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Shapoor Mistry, Diversified is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey