In the heart of India’s bustling metropolis, Mumbai, two young men have swiftly climbed the ladder of the world’s financial hierarchy. Firoz and Zahan Mistry, aged 27 and 25 respectively, with a shared fortune of a staggering $9.8 billion, have landed at the pinnacle of Forbes’ list as the youngest billionaires on the planet. They are the scions of the distinguished Mistry lineage, their enormous wealth a testament to a blend of heritage and business acumen.
These young billionaires each inherited $4.9 billion from their late father, Cyrus Mistry, who suffered a tragic fate in a car accident in 2022. According to the latest Forbes Billionaires List for 2024, they are ranked among the top 25 youngest billionaires globally, all under the age of 33. This remarkable wealth is primarily drawn from the family’s significant 18.4% ownership stake in Tata Sons, the central core of the sprawling Tata conglomerate with an annual revenue of over $150 billion.
Firoz, an alumnus of the University of Warwick, and Zahan, a Yale University graduate, have more than their educational credentials to their name. These billionaires possess Irish citizenship, although their lives and work are deeply interwoven with Mumbai, where the roots of their family’s empire lie deep.
The Tata connection of the Mistry brothers is anchored by the influence and leadership of their father, Cyrus Mistry. As the former chairman of Tata Sons, Cyrus was a vital figure in the corporation synonymous with Indian industry and innovation. The Mistry family’s 18.4% stake in Tata Sons is a stronghold in the company, weighing heavily into the expansive revenue figures of the Tata conglomerate.
On the industrial landscape, the brothers stand tall as significant stakeholders in the Shapoorji Pallonji Group, a name that resonates with prestige and authority in the construction sector. With a 25% stake each, Firoz and Zahan are not only inheritors but also active participants in the family business. Firoz Mistry, in particular, plays a key role in overseeing Afcons Infrastructure, an engineering and construction entity operating under the colossal group managed by their uncle, Shapoor Mistry.
Similar to their diversified business interests, the journey of the Mistry brothers reflects their father’s multifaceted influence and the deep-rooted entrepreneurial spirit of their lineage. Their ascent to billionaire status is not merely a tale of inheritance but of maintaining and contributing to a legacy that spans generations. Their youth, combined with the profound understanding and responsibility of their roles within their family enterprises, predict a dynamic future for their businesses.
The Mistry brothers also represent a new generation of wealth and power that is rapidly coming to the forefront of global business, where young entrepreneurs and inheritors alike are redefining the landscape of industry with fresh perspectives and innovative approaches.
While the allure of billions may paint a life of leisure and privilege, it is the profound responsibility towards their family’s legacy and the expectations that come with immense wealth that shape the lives of Firoz and Zahan Mistry. They hold not just a financial stake but a symbol of their family’s enduring presence in the industrial saga of India and the Tata narrative specifically.
In the chapters ahead, the world will watch as Firoz and Zahan Mistry navigate their colossal inheritance, mould their enterprise, and carve their niches in the chronicles of modern-day business tycoons. Their story is one of tragedy, legacy, and the unceasing march of one of India’s most storied business families.
As these young billionaires take their place in the annals of economic history, they embody the essence of wealth that is both inherited and to be fostered—a wealth of opportunity, responsibility, and a testament to the enduring legacy of the Tata and Mistry families.
