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Wealth

Tragedy-Hit Family Has $29 Billion Fortune Locked in a Bitter Feud

Shapoor Mistry, now at the helm of a family empire that has lost two members, will need to figure out how to resolve a yearslong dispute with the Tata Group.

It’s been a harrowing year for Shapoor Mistry. After losing his father and younger brother in the span of three months, the scion of one of the world’s richest clans now faces a major business challenge.

Through five generations and 157 years, the Mistrys have grown an empire responsible for building palaces, factories and stadiums across Asia. But the family fortune, estimated at $29 billion by the Bloomberg Billionaires Index, is about 90% locked up in a festering feud with India’s biggest conglomerate, Tata Group.