Reza Satchu net worth is estimated at $200 million. The East African-born Canadian is a serial entrepreneur who has founded a number of high-profile businesses and charities. He is also the co-founder and managing partner of Alignvest Management Corporation, founding chairman of NEXT Canada, and senior lecturer at Harvard Business School. He has co-founded, built and managed several operating businesses from inception including KGS-Alpha Capital Markets, a fixed income broker dealer that was sold to Bank of Montreal; StorageNow, which became Canada’s second largest self-storage company prior to being sold to InStorage REIT; and SupplierMarket, a supply chain software company that was sold to Ariba.
After graduating from McGill University, Satchu worked in New York City reza satchu net worth for a decade before returning to Canada in the early 2000s. He had originally planned on becoming a doctor, but said that he found the corporate world too limiting. He talked his way into teaching a course at the University of Toronto and, although he did not receive any pay for his work, offered the top students in each class $5,000 scholarships funded with his own money.
The course, which eventually morphed into the startup accelerator Next Canada, quickly became a popular program. It has a roster of prominent entrepreneurs who serve as mentors for its participants and the support of a who’s who in Canadian business. For instance, the launch party for Next was held at Galen Weston’s home with Jimmy Pattison in attendance, and the initiative is backed by members of the Weston family and their foundation.
During his time at university, Reza honed his skills as an entrepreneur. While studying for his bachelor’s degree in economics, he started a computer software company that competed with the industry giants of the day. After graduation, he moved to the United States, where he launched his career in finance, working for Merrill Lynch and Goldman Sachs before moving back to Canada. His experience in the United States taught him the value of building an entrepreneurial culture in a company, and he sought to implement these principles in his own companies.
In addition to his own enterprises, Reza has established a series of programs designed to help entrepreneurs succeed. One of these, NEXT 36, is now an international network of leading universities and entrepreneurship centers, which provides a comprehensive set of resources for young entrepreneurs. Another is Next Founders, a mentorship program for early stage startups that has helped many of Canada’s most promising young entrepreneurs.
In addition to establishing these programs, Reza has served on the boards of a variety of publicly-traded and private companies. He is a member of the Board of Trustees at the University of Waterloo and Wilfrid Laurier University, and is on the Advisory Council for the University of Waterloo’s Entrepreneurship Institute. Currently, he is the Chairman of ASH REIT, a student housing real estate investment trust that is managed by Alignvest Student Housing Inc., a subsidiary of Alignvest Management Corporation.