[ad_1]
The Mistry family tops the list of Sunday Independent Rich List this year again.
They have a combined net worth of 16.1 billion euros, an increase of 500 million euros since last year.
Much of this increase comes from the success of the Tata group, in which the family owns shares. The company had a valuation of more than 100 billion dollars last March.
Second on the list is the Weston family, which owns Brown Thomas and Arnotts and owns shares in Primark.
Samantha McCaughren, editor of Sunday Independent Business, explains where the richness of the Mistry family comes from.
"The list of this year's people is as always that of the Mistry family, an Indian family closely linked to Ireland through the matriarch of the Patsy family, married to Pallonji Mistry, the only family in the world. one of the richest men in India, "she said.
"Their wealth comes from one of the largest companies in the world, the Tata Group.
Patsy married the head of the family, Pallonji Mistry, who is about 80 years old, and is from Hatch Street in Dublin.
"Her husband has Irish nationality because of his marriage to Patsy, which means that all children have Irish nationality.
"They have also invested in Ireland, own Jaguar Landrover and have opened a software engineering center in Shannon, Co-Clare, creating 150 jobs, and an online partnership between Tata IT and the Royal College of Physicians.
"The Mistry family has also invested in Irish sport: Cricket Ireland receives € 250,000 a year under a ten-year partnership and sponsorship agreement for its cricket academy with the Indian conglomerate owned by Cyrus Mistry's parents, "she says.
Denis O 'Brien, the Collison brothers, John Magnier, JP McManus and Dermot Desmond are among the ten richest people in Ireland, according to the list.
"The other interesting entries are the Collison brothers, two young men from Limerick who founded Stripe, worth about $ 1 billion each, which is very important for their younger years," said McCaughren.
Source link
