Wednesday, August 20, 2008

Nishita Shah on Forbes' Next Billionaire List

A graduate of Boston University, Nishita Shah, 28, is the largest individual shareholder and director of Thailand's biggest dry-bulk shipper, Precious Shipping. Her Father, Kirit, founded the group in 1989, and took it public 1993.

Nishita is a licensed pilot, owns the Burn Baby clothing company, and at the end of 2008, will be launching her own fashion label "-Nsha-" on three continents.

Forbes writes that "After the 2004 tsunami she made a long-term commitment to a hard-hit 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."

Nishita's net worth is listed at $350 million. She is projected to be one of the next generation of billionaires. Her family emigrated from India to Burma to Thailand years ago.