Meet Pallonji Mistry, India’s oldest billionaire who lost $2.8 billion in a year

• Pallonji Mistry, one of the two oldest billionaires in India, lost a whopping $2.8 billion in a year.
  
• He also bagged a place among the world’s 20 richest automotive moguls.
  
• At present, most of his fortune comes from 18.5% stake in Tata Sons, an Indian conglomerate with an annual revenue of about $100 billion.
  

India’s economic slowdown has hit everything and everyone including construction tycoon Pallonji Mistry.

Pallonji Mistry, one of the two oldest billionaires in India at 90, lost a whopping $2.8 billion in a year. According to Forbes, his net worth fell from $17.8 billion in 2018 to $15 in 2019. A market crash on August 2019 cost Pallonji $281 million.