Cyrus Mistry's sons are the richest billionaires under 30 with a net worth of... - Hindustan Times
close_game
close_game

Cyrus Mistry's sons are the richest billionaires under 30 with a net worth of...

Apr 06, 2024 09:00 AM IST

Zahan Mistry is an alumnus of Yale University and Firoz Mistry studied at the University of Warwick.

Sons of late former chairman of Tata Sons Cyrus Mistry- Zahan and Firoz Mistry- topped 2024 Forbes list of young billionaires under 30. The brothers, who are aged 25 and 27, have a combined wealth amounts to $9.8 billion ($4.9 billion each), as per the list and inherited the fortune after their father died in a car accident in 2022. Both are citizens of Ireland but live in Mumbai and have inherited a portion of the family's 18.4% stake in Tata Sons, as per Forbes.

The Supreme Court also rejected Shapoorji Pallonji Group’s claim that it was an oppressed minority shareholder in Tata Sons and set aside an appeals court order that reinstated Tata Sons’ former chairman Cyrus Mistry, who was ousted in 2016.(File)
The Supreme Court also rejected Shapoorji Pallonji Group’s claim that it was an oppressed minority shareholder in Tata Sons and set aside an appeals court order that reinstated Tata Sons’ former chairman Cyrus Mistry, who was ousted in 2016.(File)

Read more: Elon Musk's talent poaching war with OpenAI: Salaries hiked for Tesla engineers

While Zahan Mistry is an alumnus of Yale University, Firoz Mistry studied at the University of Warwick. Their grandfather Pallonji Mistry played a crucial role in establishing the family's legacy and their uncle Shapoor Mistry serves as the chairman of the family's Shapoorji Pallonji Group.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

Read more: ZEE layoffs: CEO Punit Goenka to cut workforce by 15% to cut costs

Who else is on the list?

Others who are the sole beneficiaries of inherited wealth include Clemente Del Vecchio, a 19-year-old from Italy, who inherited a substantial stake in EssilorLuxottica, the Italian-French eyewear conglomerate after his father died.

Read more: Vistara chief on when flight disruptions will end, pilot contracts and what caused crisis: ‘We are very sorry’

He was the youngest billionaire previously but is now surpassed by Livia Voigt, a Brazilian student and heir of WEG, an electrical equipment manufacturer who has a net worth is $1.1 billion. Another heiress on the list is the 29-year-old Sophie Luise Fielmann who inherited Fielmann AG from her late father Günther Fielmann, who died in January.

Read more: Elon Musk to tackle bots on X with legal action? ‘Purging trolls and…'

What about self-made tycoons on the list?

There are some self-made tycoons like Evan Spiegel, the man behind Snap; Ben Francis, the Gymshark founder, and American entrepreneur Palmer Luckey.

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024,, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Saturday, May 18, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On