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Indian origin Nishita Shah among Next Gen billionaires
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August 21, 2008 by Newsdesk/IANS
Nishita Shah , 28, an Indian origin businesswoman from Thailand, golfer Tiger Woods and Elon Musk, co-founder of online payment processor PayPal figure on Forbes’ list of next-generation billionaires. Besides Shah, managing director of Thailand’s diversified GP Group, on the list are Hollywood actor Tyler Perry, Kenji Kasahara, creator of Japan’s leading portal Mixi, and Michael and Xochi Birch, who started Bebo, a social networking site.
“The world’s current crop of billionaires has plenty of money but not much youth,” the US business magazine said, noting the average age of the 1,125 people on Forbes’ list of the world’s wealthiest is 61.
“The diversity of this group shows you can’t predict what industry the next billionaire will come from, but these people also have something in common,” Forbes said. “Even though they’ve accumulated more than enough money to retire in luxury, they aren’t packing up for the Hamptons.”
Glamorous Nishita Shah is one of the richest people in Thailand because of her stake in her family’s sprawling business empire with an estimated net worth at $375 million. When the stunning heiress is not poring over financial reports or gracing the pages of Thai magazines, she’s planning her upcoming fashion line, Forbes said.
“My dad said I could study anything I wanted as long as it was business,” Shah who holds a business degree from Boston University was quoted as saying.
Shah is largest individual shareholder and director of Precious Shipping, Thailand’s biggest dry-bulk shipper boasting a fleet of 44 ships. Her father Kirit founded the group in 1989 and took it public 1993. The 140-year-old family business is booming. Profits more than doubled in past three years.
The licensed pilot and youngest member on Forbes’ Thailand list also has a clothing company called Burn Baby making “luxury active wear” for “modern urbanite women.”
Nishita Shah is launching her own fashion label - Nsha - on three continents at the end of this year. The director in over 40 group companies bets her heart on her own luxury fashion label Nsha launched in selected boutiques across the world.
After the tsunami of 2004 she helped the fishing village Baan Talay Nok “promising to help it recover and to cover the educational costs through university for children who lost one or both parents, roughly 20 in all”, according to Forbes.
With her mother Anju Shah, she’s a patron and fundraiser for the Queen Sirikit Centre for Breast Cancer. she donated the center $160,000 for education, research and construction costs, says Forbes.
Inspired by even richer likes such as Warren Buffet and the Bill & Melinda Gates Foundation? “I hope to be able to leave a considerable portion of my wealth to the GP Foundation,” she once said.
You are such an inspiration> I call you the 'wondergirl' who got it right first time and now you are cheering all of us to do the same through your inspiration.
I am South African but opened a Broadcasting Company here in Thailand. I intend helping as many people in this great country to speak English, and Broadcasting skills through this company.
If you feel inspired with my program it'll be great to speak with you as to how we could move forward in a more dynamic way. The company is in need of a little financing and I hope you will see it as a great opportunity to be a part of our dream.
Look forward to hearing from you.
God Bless You and More power.
John N.
Posted by John N, on 10/07/2008 at 07:14
Hi..Nishita., how are you ? Well done. You achieved an excellent position in your career. Hope you will continue the same in coming years also. You not only inspired the the youth all over the world but also, you showed a path, that things could be done if we do it in a right way.Your commitment,determination and hard work were really adorable and must followed by everyone. Thank you very much and reach new heights in your business.
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