Sanjay Shah recently shared some of his life experiences with Eric Dye, host of Entrepreneurial Podcast Network’s Enterprise Radio. The show regularly talks with successful entrepreneurs and business owners about how they attained success in their businesses. It is done to motivate and inspire others to achieve their goals as well. Sanjay talked about his creation of Solo Capital, and how he made it a highly successful company. He also talks about why he started Autism Rocks, and what to expect in concerts for 2016.
Sanjay started his career studying medicine. He shortly decided that this was not the path he wanted to follow, so he studied accounting instead. Eventually he went to work for a variety of investment banks including Merrill Lynch, Credit Suisse and then Morgan Stanley. After the real estate meltdown and stock market decline in 2007-2008, Shah lost his position. He decided at that time to start his own brokerage firm and Solo Capital was born. The company, headquartered in London, England was incorporated in September, 2011.
Solo Capital specializes in proprietary trading, consulting and professional sports investing. At the end of March, 2015 they had a net worth of 15.45 million pounds. The company was managing around 67 million pounds at the time. During 2014, Shah took over Old Park Lane Capital, an institutional brokerage firm that specializes in natural resource investing. As of January, 2016 Sanjay considers himself retired, with a net worth of $280 million. Sanjay’s advice for those who want to achieve business success is not to underestimate the amount of money required to start a business. He also advises against trying to do all the work of starting a business by yourself.
In 2011, Sanjay’s youngest son, Nikhil was diagnosed with autism. This prompted him to start Autism Rocks, an organization to raise awareness of autism and to raise money for research by staging concerts, featuring popular artists. In 2014, the first concert featured Prince. Since then other artists have included Drake, Lenny Kravitz, Snoop Dogg and other well-known entertainers. Autism Rocks has its own website that reveals coming events and concerts. The organization has been a big success and continues to work towards finding solutions for families dealing with autistic children.
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