In the shadow of a turbulent future, The Bloomberg New Economy Forum brought together world leaders for face-to-face discussions on the global threats we face. This special highlights the best of the fifth annual event which was held in Singapore from November 14-17.
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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.
Alexander Sazonov,
Bhuma Shrivastava, and
P R Sanjai
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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.