New Delhi: Late Cyrus Mistry’s sons lead the pack of young Indian billionaires under 30. Zahan and Firoz. Together, they command a fortune of $9.8 billion, with each inheriting $4.9 billion. Their father, former chairman of Tata Sons, died in 2022 in a car accident, leaving behind a significant legacy.
The latest Forbes Billionaires List for 2024 has revealed that the top 25 youngest billionaires globally are all aged 33 or younger, with a collective wealth of $110 billion. However, a closer examination tells us that a considerable portion of these fortunes were inherited rather than self-made.
Zahan Mistry: He is 25 and inherited a portion of his family’s wealth after Cyrus Mistry died in 2022, including part of their 18.4% stake in Tata Sons, which generates $150 billion in revenue. He is an alumnus of Yale University. Zahan holds a 25% stake in the Mumbai-based construction giant, Shapoorji Pallonji Group, where his uncle, Shapoor Mistry is the chairman. Zahan Mistry holds citizenship in Ireland and currently lives in Mumbai.
Firoz Mistry: The eldest son of the late Cyrus Mistry, he is 27. He inherited an 18.4% stake in Tata Sons after his father died in a car accident in 2022. He holds a 25% stake in Shapoorji Pallonji Group, chaired by his uncle. Firoz is involved in plans to raise funds through listing Afcons Infrastructure, a privately held construction and engineering firm. Firoz Mistry attended the University of Warwick. Despite holding Irish citizenship, he lives in Mumbai, where the family’s business operations are centred.