Richard Chandler (billionaire)
- Richard Chandler (billionaire)
* Richard Chandler is a New Zealand born billionaire worth $2bn in July 2007 according to Forbes. He was formerly CEO of the Sovereign group of companies, in partnership with his brother, Christopher Chandler. From 1986 to 2006, Sovereign invested in companies and governments in Asia, Africa, Latin America and Eastern Europe, and in industries including telecommunications, electric utilities, steel, oil and gas, banking and oil refining.
* The brothers split their assets in 2007, Richard Chandler creating Orient Global, Christopher Chandler starting Legatum Capital.
* Sovereign and Orient Global have enjoyed tremendous success. Their secrecy is occasionally broken by public efforts at effecting change through corporate governance advocacy, eg with SK Corp (South Korea). Mr Chandler's investment style can been characterised as deep value investing primarily in global emerging markets and especially in distress situations. Orient Global is a major investor in India and is involved in numerous charitable projects.
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