For many wealthy entrepreneurs, the road to success was not a straight one. This is the case of millionaire investment entrepreneur Sanjay Shah, owner of Solo Capital. The company, which now has offices in Dubai and London, started out in a small office space with a handful of staff just five years ago. Today, Shah has a net worth of over $280 million.
Long before the fateful decision to start a brokerage firm, Shah was a kid growing up in the wealthy Marylebone neighborhood of central London. He had immigrated from Kenya with his parents in the 1960s. When he was older, he decided to study medicine at King’s College, though he later decided that the medical field wasn’t for him. He had a short stint as an accountant before entering the finance arena as a finance professional. He worked for an enviable list of employers, including Merrill Lynch, Morgan Stanley, and Credit Suisse. He eventually came to the Dutch Rabobank, where he worked as head of trading. His company was forced to make him redundant in 2009, during the financial crisis.
However, this development didn’t deter him from the financial world. Losing his regular job actually served as an encouragement for Shah, who says he had grown to dislike the 9 to 5 grind. “I didn’t like having to go to the office every day and sit there for 10 hours,” he says, “even if only half of that time I was productive. I didn’t like the commute from my home in Stanmore in North London.”
Shah decided that the best path for him that would offer unlimited prospects would be to become an investment broker. However, instead of going to work for yet another financial company, he decided to begin his own. So he rented a small office, hired a few staff, and decided to tough it out for a year. “That’s how Solo Capital was born,” says Shah.
Today, Shah has taken a back seat in the day-to-day operations of his company. He focuses his attention on other projects, including an entertainment company in Dubai, and his nonprofit organization Autism Rocks. He started the foundation after his youngest son Nikhil was diagnosed with autism. With his business thriving and more of his efforts going towards worthy ventures, Shah has demonstrated outstanding performance in the finance world, and certainly has a promising future with Solo Capital.