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The Unemployed Trader Who Became a $700 Million Exile

  • Sanjay Shah’s dividend-trading fund made him rich but reviled
  • Denmark has frozen some of his assets and lawsuits are pending
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WATCH: Sanjay Shah, once an unemployed trader, shares his story about how he went on to amass a fortune of as much as $700 million and a huge property portfolio.

(Source: Bloomberg)

When Sanjay Shah lost his job during the financial crisis more than a decade ago, he was one of thousands of mid-level traders suddenly out of work.

Shah didn’t take long to get back into the game, setting up his own fund targeting gaps in dividend-tax laws. Within a few years, he charted a spectacular rise from trading-floor obscurity to amassing as much as $700 million and a property portfolio that stretched from Regent’s Park in his native London to Dubai. He commanded a 62-foot yacht and booked Drake, Elton John and Jennifer Lopez to play for an autism charity he’d founded.