Firoz and Zahan Mistry, the sons of the late former chairman of Tata Sons, Cyrus Mistry, have become the world’s youngest billionaires, with a combined net worth of $9.8 billion ($4.9 billion each), according to Forbes.
The Mistry brothers have topped Forbes’ list of the wealthiest individuals under 30, inheriting $4.9 billion each from their father, who passed away in a car accident in 2022. Forbes’ Billionaires List for 2024 shows that the top 25 youngest billionaires globally are all aged 33 or younger.
Their significant wealth primarily comes from their inheritance, which includes a substantial portion of their family’s 18.4% stake in Tata Sons. Firoz Mistry, 27, studied at the University of Warwick, while Zahan Mistry, 25, completed his education at Yale University. Despite holding Irish citizenship, the billionaire brothers live in Mumbai, where the family’s business is based.
The Mistry brothers’ connection to Tata Sons is through their father, Cyrus Mistry, who was its former chairman. The family’s 18.4% stake in Tata Sons contributes to its annual revenue of $150 billion.
In addition to their Tata connection, Firoz and Zahan Mistry are also linked to the Shapoorji Pallonji Group. Firoz Mistry owns a 25% stake in the group, which is chaired by his uncle, Shapoor Mistry. He is actively involved in overseeing Afcons Infrastructure, an engineering and construction firm within the group.
Similarly, Zahan Mistry also holds a 25% stake in the Shapoorji Pallonji Group.