Cyrus Mistry’s Sons Zahan and Firoz: Young Titans Among India’s Wealthiest Under 30

The annual Forbes Billionaires List for 2024 has unveiled a striking revelation: the top 25 youngest billionaires globally, all under 33 years old, collectively possess a staggering wealth of $110 billion. Notably, a substantial portion of these fortunes stems from inheritance rather than self-made success stories.

At the forefront of India’s cadre of young billionaires under 30 are Cyrus Mistry’s sons, Zahan and Firoz, who jointly command a fortune of $9.8 billion, with each inheriting $4.9 billion. Their father, the former chairman of Tata Sons, met an untimely demise in 2022 in a tragic car accident, leaving behind a substantial legacy.

Meet Zahan Mistry:

1. Background: Zahan Mistry, aged 25, is the progeny of the late Cyrus Mistry, who helmed Tata Sons, the pivotal holding company of the renowned Tata conglomerate.
2. Inheritance: Following his father’s demise, Zahan inherited a significant portion of the family’s wealth, including a stake in Tata Sons, which generates a remarkable $150 billion in revenue.
3. Education: Zahan is an alumnus of Yale University, reflecting a blend of academic prowess and business acumen.
4. Business Ventures: Notably, Zahan holds a substantial 25% stake in the Mumbai-based construction behemoth, Shapoorji Pallonji Group, where his uncle, Shapoor Mistry, presides as chairman.
5. Residence: Zahan Mistry, holding Irish citizenship, currently resides in Mumbai, overseeing the family’s business interests.

Meet Firoz Mistry:

1. Profile: Firoz Mistry, aged 27, is the elder son of the late Cyrus Mistry, inheriting a significant stake in Tata Sons post his father’s tragic demise.
2. Stake in Ventures: Firoz also wields a considerable 25% stake in Shapoorji Pallonji Group, actively engaged in initiatives to raise capital through the listing of Afcons Infrastructure, a private construction and engineering firm.
3. Educational Background: Firoz pursued his education at the University of Warwick, showcasing a dedication to academic excellence alongside his business pursuits.
4. Citizenship and Residency: Despite holding Irish citizenship, Firoz Mistry resides in Mumbai, where the family’s business operations are centered, contributing to the growth and success of their ventures.

The ascendancy of Zahan and Firoz Mistry as prominent figures among India’s wealthiest young billionaires underscores the enduring legacy and entrepreneurial spirit inherited from their father, Cyrus Mistry, cementing their positions as dynamic forces shaping India’s business landscape.

Sources By Agencies

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