Richard Chandler net worth
Richard Chandler Net Worth: Richard Chandler is a New Zealand-born businessman who has a net worth of $2.5 billion. Richard Chandler is the former CEO of the Sovereign Group of Companies, which he runs in partnership with his brother Christopher Chandler. Their joint ventures invest in a variety of industries including telecommunications, power, steel, oil and gas, banking and refining; thus, by 2006, Sovereign had spread across Asia, Africa, Latin America and Eastern Europe.
But a year later, the siblings parted ways with Richard Chandler to create Orient Global Fund, a fund dedicated to deep value investing, primarily in emerging markets around the world, especially in distressed situations. In April 2010, Orient Global changed its name to Richard Chandler Corporation, and its website clearly states that its mission is to “build prosperity for tomorrow’s world” through its financial and social investment group. In 2007, he launched a $100 million education initiative in developing countries with a primary focus on establishing low-cost private education opportunities in India. Chandler is also behind the Free Creation Awards, which recognize the power of the arts in promoting social justice and inspiring the human spirit, and accompanies the Christchurch Boys’ High School Choir. In addition, Richard holds interests in United Bank of Nigeria, Western Zagros, an oil and gas company, and Sino-Forest, a Canadian-listed Chinese timber company.
