- Richard Chandler (businessman)
-
Richard Chandler Born New Zealand[1] Residence Singapore[2] Nationality New Zealand Occupation Investor Net worth $US 4 billion[2] Richard Chandler is a New Zealand-born[1] businessman, who has a net worth of US$ 3.8 billion.[2] He was formerly CEO of the Sovereign group of companies, in partnership with his brother, Christopher Chandler. Since 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.[3]
The brothers split their assets in 2007 with Richard Chandler creating Orient Global and Christopher Chandler starting Legatum Capital.[4] Chandler's investment style has been described as deep value investing, primarily in global emerging markets and especially in distress situations.[5]
Orient Global changed its name in April 2010: it is now called the Richard Chandler Corporation. [6] The company website states its mission is to “Build Prosperity for Tomorrow's World” through investments in financial, social and creative enterprises.
Richard Chandler has launched a US$100 million education initiative in the developing world with the focus to build low-cost private education opportunities in India.[2]
Richard Chandler is also the founder of Freedom to Create[7] and the Freedom to Create Prize,[8] an international award that celebrates the power of the arts to promote social justice and inspire the human spirit.
References
- ^ a b About Richard Chandler, RichardChandler.com, 12 April 2011.
- ^ a b c d The World's Billionaires 2010", Forbes, 10 March 2010. Retrieved on 21 April 2010.
- ^ "The World's Billionaires 2007", Forbes, 2 December 2007. Retrieved on 19 October 2008.
- ^ McSheehy, Will (11 October 2006). "Chandler Brothers split up interests". The New Zealand Herald. Bloomberg. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10405311. Retrieved 5 November 2011.
- ^ "Secrets of Sovereign", Institutional Investor Magazine, March 2006. Retrieved on 5 July 2010.
- ^ Richard Chandler Corporation History, RichardChandler.com, 12 April 2011.
- ^ Establishment of Freedom to Create Prize & Freedom to Create Exhibitions, RichardChandler.com, 12 April 2011.
- ^ Freedom to Create prize reveals underground The Sunday Times, 22 November 2009
External links
Categories:- Living people
- New Zealand businesspeople
- New Zealand expatriates in Monaco
Wikimedia Foundation. 2010.
