Among the world’s youngest billionaires, boasting a combined net worth exceeding Rs 9 lakh crore, are Firoz and Zahan Mistry, intricately connected with Tata Sons.
Aged 27 and 25 respectively, these dynamic siblings, sons of the late former chairman of Tata Sons, Cyrus Mistry, have ascended to the top of Forbes’ list of the wealthiest individuals under 30.
Firoz and Zahan Mistry’s staggering wealth, totaling $9.8 billion (approximately Rs 81,600 crore), stems primarily from their inheritance, including a significant portion of their family’s 18.4% stake in Tata Sons.
Their journey into the realm of business commenced as they assumed executive roles within their family’s enterprise, despite holding Irish citizenship and residing in Mumbai.
Educationally accomplished, Firoz Mistry, the elder sibling, pursued his studies at the University of Warwick, while Zahan Mistry, the younger of the two, completed his education at Yale University.
Firoz Mistry’s portfolio extends beyond Tata Sons, encompassing a 25% stake in the renowned Shapoorji Pallonji Group, a prominent construction conglomerate chaired by his uncle, Shapoor Mistry.
Zahan Mistry, mirroring his brother’s entrepreneurial spirit, wields influence within the family’s construction empire, holding a 25% stake in the Shapoorji Pallonji Group.