it’s a mistake. Being an immigrant in the
States, there’s this underdog feeling of, ‘Can
we build back what our family lost?’ ”
Before the Islamic Revolution, Khosrow-
shahi assumed he’d join his family’s business one day. The Khosrowshahi Brothers
Company (KBC) was already a multifaceted
operation by the time he was born, in 1969.
KBC flourished amid the shah’s embrace of
Western-style capitalism, expanding from
importing pharmaceuticals to manufacturing them within Iran, then to producing
cosmetics, household goods, and packaged
foods. Eventually, KBC bought its own bank.
When the shah fell, the new Islamic government seized the company.
Nearly the entire family left Iran. Most
landed in Westchester County, north of New
York City, where one of Khosrowshahi’s great-uncles, Nasrollah, had been living since the
1960s. Khosrowshahi, his parents, and two
older brothers moved in with Nasrollah and
his family, before eventually finding their
own place—a three-bedroom condominium
in Tarrytown. “My father felt that he wanted
to keep our wealth in [Iran], so my parents
lost the vast majority of what they had,” he
says. The family devoted much of their remaining assets to sending Dara, his brothers, and many of their cousins to the Hackley
School, a prestigious prep academy nearby.