| 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.