Malini Saba is an American philanthropist and investor. Her parents are Sri Lankan, and she was born in Kuala Lumpur. Her parents moved to Australia, and that is where Malini grew up. When she was aged 19, she moved to the United States with no more than 200 dollars in her pocket. She got married to a man who was a student at Stanford and took advantage of that to attend classes at the university for free. She learned about investment and business in her four years there though she did not get a degree. She invited herself to investment meetings where she got tips and advice from seasoned investors, and she started investing with money saved from working over the years.
That was the start of her Saban business empire. Her investment endeavors began in the early 1990s and so far she has invested in the stock of more than twenty Silicon Valley startups including PayPal, NetScreen, and Sycamore Networks. Her stakes in most of the companies have been sold off for handsome profits. Saba has a lot of experience in the tech industry but her investment stretch into commodities and other fields to this day.
Her investments have grown in both scale and reach. She has interests in the technology, real estate, oil, and gas I the United States, China, Australia and India. She is one of the best investors of South Asian Origin in the world. Her other passion is philanthropy. In 2001, Malini started a non-profit organization called Stree: Global Investments in Women. The project was aimed at low income and at-risk women seeking to help them redefine their roles in society. The project is backed by former US President Bill Clinton and Jordan’s Queen Noor. Stree also provides an avenue for women to get health care, legal aid and helps in the formulation of public policies that affect women in Africa, Eastern Europe, Central America and India.
In 2004, Malini Saba visited the Tsunami ravaged areas in India and Sri Lanka and donated 10 million dollars to the victims of the tragedy. In June 2005, Malini gave 1 million dollars to kick start the world’s first Heart Research Center for South Asian people at El Camino Hospital in California. The donation has gone a long way and has been a big part of the hospital’s success over the years. Malini’s passion in business is only surpassed by her passion for philanthropy. She has a heart and a pocket that just keeps on giving.