Located in Europe, the Republic of Ireland is also a member of the European Union. According to actual data from the World Bank, Ireland is listed as the 12 richest country in the world by GDP per capita. This article lists the top five richest people in Ireland ranked based upon their estimated net worth in US Dollars. The listing of the richest men in Ireland showcases wealth generated from various fields such as real estate, investments, retail, and technology. The top five richest people in Ireland made the listing of billionaires on Forbes.com. Their global ranking ranged from Pallonji Mistry at #56 with a net worth of $16.2 billion to Dermot Desmond at #1,061 with a net worth of $1.7 billion.
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#1 Pallonji Mistry
Pallonji Mistry was born in India. However, he has been an Irish citizen since 2003. His father founded the Shapoorji Pallonji Group which Pallonji also headed. The group has holdings in various businesses in the fields of textiles, shipping, real estate, construction and energy. Additionally, Mr. Mistry is currently the largest shareholder in the Tata Group. This organization is located in India and is one of the largest companies based solely on investments and revenues. Mr. Mistry has billions in net worth and is considered one of the wealthiest non-resident Indians.
#2 Denis O’Brien
Denis O’Brien ranked #200 in the global ranking by Forbes. His net worth is estimated at $6.6 billion. Mr. O’Brien is the sole owner of Digicel which is a cellphone network provider. The company is located in Central America, the Caribbean and in Oceania. The Digicel website claims that they have approximately 13 million subscribers within their operating region. Additionally, he owns substantial holdings in Independent News & Media as well as in Sterling Energy. Mr. O’Brien was born in Ireland. Aergo Capital Limited is another company that Mr. O’Brien founded. It is located in Dublin and the company leases, maintains and operates aircraft.
#3 Martin Naughton
Martin Naughton was ranked by Forbes at #685 on the listing of global billionaires. Mr. Naughton currently owns and operates Glen Dimplex which is a company that manufactures water heaters and space heaters. In 1973, he originally founded Glen Electric. In the ensuing years, he acquired Dimplex and then merged the two companies. Mr. Naughton was educated as an aeronautical engineer and is the wealthiest engineer currently living in Ireland.
#4 John Dorrance III
John Dorrance III generally does not accept any interviews nor sits for photos and he leads a rather discreet life in Ireland. His grandfather, John Thompson Dorrance, began working as a chemist for the Campbell Soup Company. Years later, he bought the entire company from the original founder, Joseph Campbell. John Dorrance is the heir of the Campbell Soup Company. Mr. Dorrance maintained a 10.5% share in the company, which he sold in 1996. At that time, he also relinquished his status as an American citizen and decided to permanently settle in Ireland. Mr. Dorrance ranked #693 on Forbes’ global listing of billionaires.
#5 Dermot Desmond
Dermot Desmond ranks at #1,060 on Forbes’ list of billionaires worldwide. He generated the majority of his wealth from the financial sector. Currently, he holds the title of the largest investor located in Ireland. His owns and also presently runs International Investments & Underwriting (IIU), a private equity firm which is located in Dublin. Prior to entering the field of high finance, he operated a variety of software companies.
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The top five wealthiest men in Ireland demonstrate that diligent work, ingenuity and innovative thinking can generate great personal wealth and satisfaction.