Manager Christopher Hon. Britain's largest philanthropist
Today it is already difficult to surprise anyone with messages about charitable activities; each of the patrons pursues their own goals
Basically, these are one-time shares, but there are exceptions to this rule, for example, Christopher Hon and his wife created a fund to help children, which regularly receives funds from the activities of his investment company.
Manager Christopher Hohn not only modestly transfers hundreds of millions of dollars, but also actively increases these funds in his fund completely free of charge.
Early years and training
Christopher Hon was born in 1966 in Addliston, Surrey. There is practically no mention of the early years of the future investor and manager of a multi-billion dollar company.
However, it is known for certain that Christopher grew up in a quite wealthy family. So his father worked as a car mechanic, and his mother was a lawyer in a reputable law firm.
Of course, the family was not fabulously rich, but nevertheless they could afford to give their son an excellent education.
It is worth noting that Christopher was a diligent student and worked well with his teachers, for which one of them wrote an excellent recommendation for admission to Harvard Business School, where Chris entered and graduated with an MBA.
Career ladder
Graduating from university and receiving an MBA diploma allowed me to acquire good connections, and most importantly, offers for various positions from employers.
So his first job was Apax Partners, where he worked in the private equity department and advised potential investors.
After working at the company for some time, he received a more tempting offer from Perry Capital, headquartered on Walt Street.
It is worth noting that Perry Capital hired him with the prospect that he would head the branch in London, which he actually did after two years of working in the company.
In London, he was responsible for conducting all investment operations and, thanks to successful career growth, he managed to earn $75 million.
In 2003, based on his capital and the capital of many investors, two funds were founded, namely the central TCI, which was engaged in financial management, and the charitable “Children's Investment Fund”, which was managed by his wife.
The most interesting thing is that Christopher Hohn came up with a rather interesting scheme for filling the charitable fund, namely, he transferred half a percent of the assets of the central fund per year, as well as another 0.5 percent if the fund closed with a profit of more than 11 percent per annum.
Thanks to such a scheme, it was possible to transfer more than $1 billion to a charitable foundation.
A charitable foundation managed by the Hong couple actively helped children from poor families in India; moreover, the foundation allocated huge funds to the purchase of medicines for HIV-infected children, as well as to a number of other programs for the purchase of expensive medicines.
In fact, for his active charitable work, the Queen of Great Britain awarded Christopher Hohn the title of Commander Knight of the Order of St. Michael and St. George.
Unfortunately, the excellent duo of Christopher and his wife Jamie broke up in 2013, followed by a huge legal scandal, as a result of which his wife sued him for about $500 million. At the moment, Christopher's personal fortune is estimated at more than $3 billion.