Cohort of top 25 youthful billionaires all under age of 33
They collectively boast a staggering $110 billion in wealth
Sons of late Cyrus Mistry have a combined wealth of $9.8 billion
The latest Forbes Billionaires List for 2024 showcases an impressive cohort of youthful billionaires, with the top 25 all under the age of 33 and collectively boasting a staggering $110 billion in wealth. Among these rising stars, it’s noteworthy that a significant portion of their fortunes stem from inheritances rather than self-made endeavors.
At the forefront of India’s young billionaire scene are Zahan and Firoz, the sons of the late Cyrus Mistry. Inheriting a substantial legacy, the duo commands a combined wealth of $9.8 billion, with each inheriting $4.9 billion from their father, who tragically passed away in a car accident in 2022.
Also read: Tata Group to make iPhones in India for domestic and global markets
Zahan Mistry, aged 25, emerges as a key figure in this narrative. As an heir to the Mistry family fortune, he possesses a portion of their 18.4% stake in Tata Sons, the holding company of the renowned Tata conglomerate, which generates a remarkable $150 billion in revenue. A Yale University alumnus, Zahan also wields influence through his 25% stake in the Mumbai-based construction giant, Shapoorji Pallonji Group, where his uncle, Shapoor Mistry, serves as chairman. Despite holding Irish citizenship, Zahan resides in Mumbai, where the family’s business interests are centered.
Meanwhile, Firoz Mistry, aged 27, mirrors his brother’s trajectory. Inheriting the same stake in Tata Sons, Firoz also holds a 25% stake in Shapoorji Pallonji Group. Notably, he’s actively engaged in efforts to raise funds through the potential listing of Afcons Infrastructure, a privately held construction and engineering firm. Like his brother, Firoz is an alumnus of a prestigious institution, having attended the University of Warwick. Despite holding Irish citizenship, he, too, calls Mumbai home, deeply entrenched in the family’s business affairs.
As they navigate their inherited wealth and forge their paths in the business world, Zahan and Firoz Mistry represent a new generation of Indian billionaires, poised to leave a lasting impact on the global economic landscape.
Cohort of top 25 youthful billionaires all under age of 33
They collectively boast a staggering $110 billion in wealth
Sons of late Cyrus Mistry have a combined wealth of $9.8 billion
The latest Forbes Billionaires List for 2024 showcases an impressive cohort of youthful billionaires, with the top 25 all under the age of 33 and collectively boasting a staggering $110 billion in wealth. Among these rising stars, it’s noteworthy that a significant portion of their fortunes stem from inheritances rather than self-made endeavors.
At the forefront of India’s young billionaire scene are Zahan and Firoz, the sons of the late Cyrus Mistry. Inheriting a substantial legacy, the duo commands a combined wealth of $9.8 billion, with each inheriting $4.9 billion from their father, who tragically passed away in a car accident in 2022.
Also read: Tata Group to make iPhones in India for domestic and global markets
Zahan Mistry, aged 25, emerges as a key figure in this narrative. As an heir to the Mistry family fortune, he possesses a portion of their 18.4% stake in Tata Sons, the holding company of the renowned Tata conglomerate, which generates a remarkable $150 billion in revenue. A Yale University alumnus, Zahan also wields influence through his 25% stake in the Mumbai-based construction giant, Shapoorji Pallonji Group, where his uncle, Shapoor Mistry, serves as chairman. Despite holding Irish citizenship, Zahan resides in Mumbai, where the family’s business interests are centered.
Meanwhile, Firoz Mistry, aged 27, mirrors his brother’s trajectory. Inheriting the same stake in Tata Sons, Firoz also holds a 25% stake in Shapoorji Pallonji Group. Notably, he’s actively engaged in efforts to raise funds through the potential listing of Afcons Infrastructure, a privately held construction and engineering firm. Like his brother, Firoz is an alumnus of a prestigious institution, having attended the University of Warwick. Despite holding Irish citizenship, he, too, calls Mumbai home, deeply entrenched in the family’s business affairs.
As they navigate their inherited wealth and forge their paths in the business world, Zahan and Firoz Mistry represent a new generation of Indian billionaires, poised to leave a lasting impact on the global economic landscape.
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