Richard Chandler Wiki Biography
Richard Fred Chandler, a businessman and investor, was born in Waikato, New Zealand, in 1961. He is best known as the owner and chairman of the Singapore-based Clermont Group, which invests in a variety of industries, including financial services, energy, healthcare, education, and others.
Have you ever wondered how wealthy Richard Chandler is right now, in the middle of 2016? According to reliable sources, Richard Chandler’s net worth is estimated to be as high as $2.5 billion, which he has amassed through his successful business career.
Richard Chandler Net Worth $2.5 Billion
Richard spent part of his childhood in Monaco, where his parents had relocated; however, he graduated from the University of Auckland with a BA in commerce, followed by an MA, and then worked for KPMG in London before returning to New Zealand and co-founding the Sovereign Group with his brother Christopher in 1986.
Their umbrella organization eventually possessed businesses across Eastern Europe, Asia, Africa, and Latin America, including telecommunications, steel, oil, electric utilities, banking, and gas. Their company gradually grew in size, increasing their financial worth; but, after 20 years, they chose to split up their holdings and pursue careers individually.
Christopher formed Legatum Capital, and Richard founded Orient Global, although the company has changed names throughout the years, first to Richard Chandler Corporation in April 2010, then to Chandler Corporation in 2013, and finally to Clermont Group in 2016. This has been the primary source of his wealth, as the company grew to become one of the world’s largest investment firms, with headquarters in Singapore.
He now has stakes in a variety of businesses in a variety of areas, including banking, healthcare, energy, and many more. Chandler’s company purchased an 80 percent stake in Hoan My Medical Corporation, Vietnam’s largest private hospital group, in June 2013, complementing his holdings in Indonesia and the Philippines and aligning with his philosophy of investing for both profit and improvement, particularly in health and education in some of Asia’s less developed countries.
Richard has also spent over $100 million in building low-cost private education centers in India, as well as in the Nobel Education Network, a global chain of K-12 schools. Richard has garnered numerous accolades and distinctions as a result of his successful career, including being named to various Forbes magazine lists; he is the 10th richest person in Singapore and the second of New Zealand nationality.
He is also the world’s 638th billionaire. His investing style has been compared to philanthropy, as he prefers to buy struggling and close-to-bankruptcy businesses and then successfully restore them. He has been accused of partnering with governments and other famous persons as a result of this, although he is one of Singapore’s most successful businesspeople. Apart from the fact that he is unmarried and currently resides in Singapore, little is known about him in the media when it comes to his personal life.
|Net Worth||$2.5 Billion|
|Date Of Birth||1961|
|Place Of Birth||Waikato, New Zealand|
|Education||University of Auckland|