Cyrus Mistry died in 2022 in a car accident
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.
Leading the pack of young Indian billionaires under 30 are Cyrus Mistry’s sons 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.
Who is Zahan Mistry?
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Zahan Mistry, 25, is the son of the late Cyrus Mistry, former chairman of Tata Sons, the holding company of the Tata conglomerate.
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Zahan inherited a portion of his family’s wealth after Cyrus Mistry’s death in 2022, including part of their 18.4% stake in Tata Sons which generates $150 billion in revenue.
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He is an alumnus of Yale University.
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Zahan holds a 25% stake in the Mumbai-based construction giant, Shapoorji Pallonji Group, where his uncle, Shapoor Mistry is the chairman.
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Zahan Mistry holds citizenship in Ireland, and currently lives in Mumbai.
Who is Firoz Mistry?
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Firoz Mistry, 27, is the eldest son of the late Cyrus Mistry.
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He inherited an 18.4% stake in Tata Sons after his father’s death in a car accident in 2022.
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He holds a 25% stake in Shapoorji Pallonji Group, chaired by his uncle.
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Firoz is involved in plans to raise funds through listing Afcons Infrastructure, a privately held construction and engineering firm.
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Firoz Mistry attended the University of Warwick. Despite holding Irish citizenship, he lives in Mumbai, where the family’s business operations are centered.
