Hassan Khosrowshahi

Hassan Khosrowshahi (; born 1940) is an Iranian and Canadian business magnate, investor, and philanthropist. He founded Future Shop, a Canadian consumer electronics chain store that was acquired by Best Buy in 2001 for million. He currently invests via his family office, Persis Holdings Ltd.

Khosrowshahi had an estimated net worth of $1.16 billion in 2016.

Early life Hassan Khosrowshahi was born into a wealthy family in Tehran in 1940. His father, Ali Khosrowshahi, founded the Minoo Industrial Group, a conglomerate specializing in pharmaceuticals, cosmetics, and food distribution under both its own brands and under license for major international brands.

He was educated in Iran and England and obtained his degree in law and economics from the University of Tehran. In 1961, at the age of 21, he joined the family business. In 1979, during the Iranian Revolution, Minoo Industrial Group was nationalised and the family was targeted for its wealth. The family left the country and settled in Vancouver in 1981.

Career In 1982, in Vancouver, Khosrowshahi founded Inwest and its subsidiary, Future Shop. By 1996, the company was the largest computer and electronics retailer in Canada. In 2001, the company was acquired by Best Buy for C$580 million.

After the sale of Future Shop, Khosrowshahi focused on real estate development, pharmaceuticals, investments, and philanthropy through his family office, Persis Holdings Ltd.

His nephew, Dara Khosrowshahi, is the chief executive officer of Uber. His brother, Nasrollah Khosrowshahi, is one of the handful of Iranians who have won judgements in the Hague tribunal for damages incurred by the Islamic Revolution.

Accolades In 2012, he was inducted into the Order of British Columbia for his entrepreneurial and philanthropist efforts.

In June 2016, he was inducted into the Order of Canada with the grade of "Member", one of Canada's highest civilian honours.