Reza Satchu total assets is estimated at $200 million. The East African-born Canadian is a serial entrepreneur that has established a number of top-level businesses and charities. He is also the co-founder as well as taking care of partner of Alignvest Monitoring Company, establishing chairman of NEXT Canada, and also senior lecturer at Harvard Organization College. He has co-founded, developed and also handled several running services from beginning consisting of KGS-Alpha Funding Markets, a fixed earnings broker dealership that was sold to Financial institution of Montreal; StorageNow, which ended up being Canada’s second biggest self-storage business before being offered to InStorage REIT; and also SupplierMarket, a supply chain software application company that was sold to Ariba.
After finishing from McGill College, Satchu operated in New York City for a decade prior to returning to Canada in the very early 2000s. He had actually initially planned on becoming a physician, yet stated that he discovered the corporate world too limiting. He talked his method right into teaching a program at the College of Toronto and, although he did not obtain any pay for his work, provided the leading students in each class $5,000 scholarships moneyed with his very own money.
The training course, which ultimately morphed into the startup accelerator Next Canada, rapidly became a preferred program. It has a lineup of popular business owners that function as advisors for its participants and the support of a that’s that in Canadian organization. For example, the launch party for Next was held at Galen Weston’s home with Jimmy Pattison present, and the effort is backed by participants of the Weston family and also their structure.
During his time at college, Reza sharpened his abilities as a business owner. While examining for his bachelor’s degree in business economics, he started a computer system software program business that took on the sector titans of the day. After graduation, he transferred to the USA, where he launched his profession in finance, working for Merrill Lynch and Goldman Sachs prior to moving back to Canada. His experience in the USA showed him the worth of building an entrepreneurial culture in a company, as well as he sought to carry out these concepts in his own companies.
Along with his own enterprises, Reza has developed a series of programs developed to help entrepreneurs succeed. One of these, NEXT 36, is currently an international network of leading reza satchu net worth colleges and also entrepreneurship facilities, which offers an extensive collection of resources for young entrepreneurs. Another is Following Owners, a mentorship program for early stage start-ups that has helped a number of Canada’s most promising young entrepreneurs.
In addition to developing these programs, Reza has offered on the boards of a range of publicly-traded as well as private companies. He belongs to the Board of Trustees at the College of Waterloo as well as Wilfrid Laurier College, as well as is on the Advisory Council for the College of Waterloo’s Entrepreneurship Institute. Presently, he is the Chairman of ASH REIT, a student housing property investment company that is handled by Alignvest Pupil Real Estate Inc., a subsidiary of Alignvest Administration Firm.