Christopher Chandler (businessman)

Christopher Chandler (born 1960[1]) is a New Zealand-born, Maltese[4] billionaire and founder of Dubai-based investment company Legatum. According to The Guardian, he has a net worth of $1.7 billion.[3]

Christopher Chandler
Born1960[1]
Matangi, New Zealand
NationalityNew Zealand & Malta
Alma materUniversity of Auckland
Known forFounder of Dubai-based investment company[2] Legatum
Net worthUS$1.7 billion[3]
Parent(s)Robert Chandler
Ana Tzarev
RelativesRichard Chandler (brother)

Early life

Born in Matangi, Chandler is the son of beekeepers Robert and Marija Chandler, who launched and operated Chandler House, a department store in Hamilton, New Zealand.[5] He attended the University of Auckland, earning a degree in law in 1982.[6]

In 1982, Christopher and his brother, Richard, took over the business and expanded it to ten stores, adding fashion design, manufacturing and real estate, before starting to look for international investment opportunities.[7][5]

Sovereign Capital

In 1986, the brothers formed investment firm Sovereign Global in Monaco to focus on transitioning industries in Russia, Latin America and Eastern Europe.[7] The business operated by investing in assets which it felt were mispriced in times of crisis.[5]

One of the company's first major investments was in Hong Kong real estate, a market which investors had fled after the signing of the Sino-British Accord.[5] The company also invested in the Brazilian telecommunications industry, just after the country came out of hyperinflation, and in Russia, just after the fall of communism.

During the Asian banking crisis, the brothers made significant investments in both Japan, including taking stakes in UHJ Holdings, Mizuho Financial Group, Sumitomo Mitsui Banking Corp., and Mitsubishi Tokyo Financial Group.[5][6] The brothers of took a stake in South Korean refiner SK Corp., where they unsuccessfully tried to "oust" its CEO and Chairman.[5][6]

In 2002, the brothers were the fourth largest investor in Gazprom, the Russian state-controlled gas company.[8] The dog of their representative on the Board, Boris Fyodorov, was poisoned by cyanide, which allegedly may have been the result of their campaign to clean up the company's governance.[8]

Legatum

In 2006, Christopher founded Dubai-based Legatum Capital after splitting off from his brother.[7] The company was co-founded with Mark Stoleson, Philip Vassiliou and Alan McCormick.[5]

Legatum is a private, multibillion-dollar investment firm that puts money into companies in developing countries as well as the world's capital markets.[7] In April 2012, Legatum acquired its own building in the Dubai International Finance Centre.[7]

Personal life

Chandler is publicity shy and there exist few photographs of him nor much information about his personal life.[3] He enjoys windsurfing, water-skiing and riding motorcycles.[6]

The Chandler brothers bought La Fleur du Cap in Cap Ferrat for their parents.[8] It was previously owned by David Niven and Charlie Chaplin.

Chandler became a citizen of Malta, a member-state of the European Union, in 2016.[4] Roberta Metsola, a Member of the European Parliament (MEP) representing Malta, said in January 2018, when the news of his Maltese citizenship became public, that it was "surreal" that a Brexit backer had applied for an EU passport.[9] It subsequently became clear that Chandler was not sensu stricto a Brexiter, and his application for Maltese citizenship was made before the UK referendum in June 2016.[10] Charles Moore, writing for the Telegraph in May 2018, wrote that Chandler "has never advanced political views or, according to Legatum employees, expressed opinions about Brexit".[11]

gollark: The GIF is *weirdly* obsessed with furries.
gollark: Some of these *are* actually quite good.
gollark: Exciting news: I have deanimationified the image and can now read all 98 things it says.
gollark: Did you know?
gollark: ↓ you

References
  1. Tom Harper (13 May 2018). "Christopher Chandler: Russian spy? Money man for Putin and Trump? No — I'm just a shy billionaire". The Times. Retrieved 17 May 2018. 1960 Born in Hamilton, New Zealand
  2. Charles Moore (11 May 2018). "Using Parliamentary privilege to fight the Brexit war is an abuse of power". The Telegraph. Retrieved 17 May 2018. ...and “hedge fund” (though Mr Chandler has never owned or run one)
  3. Clark, Andrew. "School aims to seed the world with business sense". Boston. Retrieved 14 October 2017.
  4. O'Murchu, Cynthia (January 29, 2017). "Malta grants EU citizenship to Legatum backer". Financial Times. Retrieved January 29, 2018. The New Zealand-born billionaire behind Legatum, the London based think-tank that emerged as one of the most vocal advocates for Britain’s departure from the single market and the customs union, has obtained EU citizenship via Malta.
  5. "Our story". Legatum. Retrieved 14 October 2017.
  6. "Secrets of Sovereign". Institutional Investor. 16 March 2006. Retrieved 14 October 2017.
  7. "Christopher Chandler". Forbes. Retrieved 14 October 2017.
  8. Leroux, Marcus (14 October 2017). "Christopher Chandler: billionaire behind Legatum think tank has unrivalled access to Brexit MPs". Retrieved 14 October 2017.
  9. Major Brexit supporter obtains Maltese passport - FT, Times of Malta, January 29, 2018, accessed March 22, 2018.
  10. , The Guardian, February 28, 2018, accessed October 25, 2018.
  11. , The Telegraph, May 11, 2018, accessed April 15, 2019.
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