While talking about the world’s top female investors who double as philanthropists, one name can never escape our minds. That is no one else other than Malini Saba, the founder of Saban, a company with numerous investment interests in many parts of the world. The company’s interests range from technology companies in the United States, real estate in India and Australia and oil and gas in China. There are many successful investors that we know, but many of them choose to keep all the money for themselves. Saba is among those who have chosen to impact the society by donating to various causes.
Although the perception of women and children in the society has significantly changed, much remains to be done. In 2001, Saba launched a non-profit organization known as Stree: Global Investments in Women. She founded the organization with the aim of changing the way at-risk and low-income women and children across the world perceive themselves and their societal roles.
Former United States President Bill Clinton and Jordanian Queen Noor took part in the inauguration of the organization. Stree offers women access to better healthcare and legal empowerment. It also provides unique forum movements at the grassroots to link with public policy in Eastern Europe, Africa, India and Central America.
Saba has supported many charities including Heart Research Center for South Asians. The center was first of its kind and Saba donated $1 million to kick-start the project. In 2004, Sri Lanka and some parts of India were hit by an earthquake, she visited the affected areas and pledged $10 million to the victims in Sri Lanka.
The Career of Malini Saba
Malini Saba was born in Kuala Lumpur in Malaysia to Sri Lankan parents. She grew up in Australia in a middle-class household. Aged 19, Saba moved to the United States. When she entered the country, she only had $200 the amount she was to survive on. It is tough times that taught her determination that has earned her success.
One day, Saba gate-crashed a gathering of investment bankers at the Stanford University Campus. She talked to some of them who gave her the tips of investing.
Saba started her investment career as a venture capitalist in Silicon Valley in the 1990s. Today, she has investments in more than 20 technology companies that include PayPal, Sycamore Networks and Netscreen Technologies. She also has gone beyond the United States to invest in Asia and South America.