When Sanjay Shah started Solo Capital in 2009, he could not have known how much it would increase his fortune. Although he had been doing quite well as a hedge fund guru on Wall Street, when that whole industry imploded in 2009 he suddenly found himself kicked to the actual street. He had been quite successful for Morgan Stanley, Merrill Lynch, and at Credit Suisse, yet still ended up without a job. He did not give up, he did not give in, he just got going. He launched an innovative new business when others were taking early retirement. He is now a retired, but very wealthy and busy philanthropist, living in “The Palm” of Dubai.
He grew Solo Capital from his first business: Aesa S.a.r.l. Along the way he acquired many other businesses in many different locales, including places like the British Virgin Islands, the Cayman Islands, Malta, Luxembourg, and London. Solo Capital Holdings owns the Solo Capital Limited and Solo Capital UK trademarks according to crunchbase. In 2011 these businesses brought in £19 million pounds, for that year alone. He is now estimated to be worth about $280 million dollars. He bought another hedge fund, called Old Park Lane Capital.
Although he now claims retirement, the work he has been doing to help those debilitated by autism is phenomenal. His son is autistic. When Snoop Dogg met him at Sanjay’s family home in Dubai, the multi-platinum superstar recording artist suggested that Sanjay get into the music business and use the profits to fund autism research. Sanjay took this idea and ran with it, founding his own autism funding charity: Autism Rocks. His charity organization hosted many private concerts featuring big names, such as Snoop Dogg, Michael Bublè, Lenny Kravitz, and Drake, to name just a few.
My knowledge of professional basketball extends about as far out as my pinkie finger. This is not to say that I do not appreciate the game. It is just that I do not keep up to date with all the trends, scores, and drama associated with the NBA. I would much rather enjoy watching, or playing, the game without worrying myself with such pesky details. However, there is someone that cares much more for all of that than me. A select, and exclusive, group that live and breathe their team. They are the super fan’s, super fan. They are the NBA team owners. The current roster lists 30 professional teams in the NBA. That means that there are 30 team owners. Each one of these men and women are seriously passionate people. They love the game of basketball, and their teams. This exuberance often leads to over the top displays of emotions, at courtside and outside of the arena. But, that is one of the things that makes the game great. The way that the owners complete their teams is inspiring. The owners give guidance, leadership, and are the face of the team in the eye of the media. It is like a marriage in many ways. For better, or worse, the team and its owner are a package deal. An example of such a winning nuptial is Bruce Levenson, owner of the Atlanta Hawks. Mr. Levenson is a graduate of Washington University and American University, the latter of which accredited him with a degree of Law. He has a rather long career in the business world. This long resume includes his service on the board of directors of Newsletter and Electronic Publishers Association and TechTarget.com. He also has a strong background as a writer, including stints at Washington Star and Observation Publishing. However, the highlight of his esteemed career came when he started United Communications Group. Along with co-founder Ed Peskowitz, Levenson continues to serve his company well. Like other team owners, Bruce Levenson is obsessed with the game. But his passions extend to many sports. He has a very active lifestyle, along with his wife and three sons. In addition to basketball, Mr. Levenson also participates in golfing, skiing, and other outdoor adventures. Because of this, he is equally at ease in either an Antarctic camp or a boardroom. Yet, business and sports are not all that Levenson is. Philanthropy is also a large part of his life. He serves on many boards and organizations in his community. Included in this prestigious list is the acclaimed National Holocaust Museum in Washington, D.C. Playing the game of basketball, like any sport, is about team work. Leadership also plays a major role in the game. These two exist in a symbiotic relationship, each giving and taking from one another to achieve a shared goal. NBA team owners represent a large part of this relationship and their importance can never be understated. They represent what is great about the sport.