Richest People in Ireland – Top Billionaires in Irish Rich List
The article presents the richest people in Ireland. The richest persons of Ireland have been ranked according to their estimated net worth in US Dollars. Some of the richest Irish men on the list derive their wealth from retail and telecom sectors while some others have businesses concentrated around investments and real estates. Let us see the names and little info about the people occupying the top 5 spots in the Irish rich list prepared by Forbes Magazine.
Must Read: Richest People in the UK
Little About Ireland
The Republic of Ireland is a country located in Europe and it is a member of the European Union. Its economy is knowledge based and thus like other developed countries, high-tech industries and investment sectors are its backbone. According to CIA’s data, Ireland is the 26th richest country in the world based on per capita income.
Richest People in Ireland List
|Rank||Name||Source||Net Worth(Biliions USD)|
|1||Pallonji Mistry||Diversified||$10.5 BN|
|2||Denise O’Brien||Telecom||$5.2 BN|
|3||John Dorrance||Campbell Soup||$2.4 BN|
|4||Martin Naughton||Heating Equipments||$2 BN|
|5||Dermot Desmond||Finance||$1.8 BN|
#1) Pallonji Mistry – Richest Man in Ireland
Born in India to a Parsi family, Pallonji Mistry has held Irish citizenship since the year 2003. He once headed the Shapoorji Pallonji Group which was founded by his father. The Group is involved in diversified businesses like construction, real estates, textiles, shipping and power. In addition to these, Pallonji Mistry is also the largest shareholder in the Tata Group which is one of the largest companies in India based on revenues. His younger son Cyrus Mistry took over as the Chairman of Tata Group from Ratan Tata. His older son Shapoor is the Chairman of the Shapoorji Pallonji Group. With his billions of net worth, Mr. Plunge is the richest Parsi in the world. Also, he is one of the richest non-resident Indians.
The motto of the Pallonji Group as stated on their website is:
With a rich legacy, a progressive outlook and a consistently superior track record, the Group remains committed towards excellence
#2) Denise O’Brien – Second in Irish Rich List
Ranking second in the list of richest people in Ireland, Denis O’Brien has a net worth which is slightly less than half of net worth of Mr. Pallonji Mistry. As estimated by Forbes, O’Brien’s fortune stands at $5.2 Billion US Dollars. He is the owner of cellphone network provider Digicel which operates in the Carribean, Oceania and Central America. He derives his vast fortune from this company which he owns fully. According to his company’s website, it has over 13 million subscribers from the region in which it operates. This second richest Irish billionaire also owns significant stakes in Sterling Energy and Independent News & Media. He is also the richest Irish-born billionaire in Ireland. He is also founder of Aergo Capital Limited which is an aircraft operating, maintenance and leasing company based in Dublin, Ireland.
#3) John Dorrance III – Third Richest Person in Ireland
John Dorrance III is the third richest man in Ireland. He is the heir of Campbell Soup Company which was started by his grandfather John Thompson Dorrance. In the year 1995-96, Dorrance III sold his 10.5% stake in the soup company and renounced his American citizenship to settle in Republic of Ireland. His grandfather started working for the Campbell Soup as a chemist. Later on, his grandfather purchased the whole company from its founder Joseph Campbell. John Dorrance III leads a quiet life and hardly gives any interviews or poses for a photograph.
#4) Martin Naughton
On the Irish Rich List by Forbes, Martin Naughton ranks fourth. Being one of the richest people in Ireland, he ranks #736 on the Forbes List of Billionaires worldwide. He is the owner of the company named Glen Dimplex which makes heating equipment like space heaters and water heaters. Initially, he founded Glen Electric in the year 1973 and later took over another company named Dimplex and merged both of them. By educational qualification, he holds an aeronautical engineering degree. Thus, he is the richest engineer in Ireland. He studied from De La Salle College in Dundalk.
#5) Dermot Desmond
Last billionaire to find a place in the Irish Rich List, Dermot Desmond derives his wealth from finance sector which makes him one of the richest men in the country of Ireland. He is the largest investor in Ireland. He runs International Investments & Underwriting (IIU) which is wholly owned by him and it is a private equity firm. Before starting IIU in 1995, he ran many software companies providing services to finance sector. IIU is based in Dublin, Ireland. He was born in Macroom, Ireland and educated from Good Counsel College, Ireland. He holds significant stakes in Daon, Mountain Province Diamonds, Barchester Healthcare, and Glasgow soccer club Celtic PLC.