Richard Chandler Net Worth

What is Richard Chandler's Net Worth?

Richard Chandler, born in New Zealand, has amassed a net worth of $2.5 billion. Together with his brother Christopher Chandler, he co-founded the Sovereign group of companies. Their investment endeavors spanned various industries such as telecommunications, electric utilities, steel, oil and gas, banking, and oil refining. By 2006, Sovereign had a significant presence in Asia, Africa, Latin America, and Eastern Europe.

The Journey to Success

In 2007, the Chandler brothers went separate ways, and Richard established Orient Global. This fund focused on deep value investing, particularly in global emerging markets and distress situations. In April 2010, Orient Global transitioned into the Richard Chandler Corporation, with a mission clearly stated on its website: to "Build Prosperity for Tomorrow's World” through financial and social investment groups.

Philanthropic Ventures

Richard Chandler has also made notable contributions to social causes. In 2007, he introduced a $100 million education initiative aimed at providing low-cost private education opportunities in developing countries, with a primary focus on India. His dedication to social justice is also evident through the Freedom to Create Prize, an international award that recognizes the power of arts in promoting social justice and inspiring the human spirit.

Other Investments and Interests

Richard Chandler holds diverse interests in various sectors. He has stakes in the Union Bank of Nigeria, the oil and gas company WesternZagros, and the Canadian-listed Chinese timber firm Sino-Forest. In addition, he serves as an accompanist for the Christchurch Boy's High School Senior Choir, showcasing his commitment to the arts and education.