Richard Chandler

Richard Fred Chandler (born ) He remains chairman of the Clermont Group. is one of three sons of businesswoman Marija Chandler and her husband Robert Chandler, a beekeeper. Raised in Waikato, in Auckland with his brother Christopher.

Career Early years (1980s-2006) Chandler began his career at Arthur Andersen in Auckland, New Zealand. He started working at KPMG in London in 1986, Richard and his brother Christopher founded Sovereign Asset Management, their own investment firm. With US$10 million in starting capital In 2003, Sovereign invested $168 million in purchasing a 15% stake in SK Group, a large South Korean conglomerate. In the several years afterwards, the Chandler brothers were involved in a highly publicized conflict with the SK Corp. board. They ultimately sold their stake in 2005 after the board rebuffed their efforts to replace SK chairman and CEO Chey Tae-won, who had been convicted of accounting fraud for illegal stock trades. The Chandler brothers profited US$728 million from the investment before selling. Richard relocated to Singapore in 2006. Originally based in Singapore, Dubai, and London, According to the Santangels Review, Chandler's business ventures by 2011 had been tinged with themes of contrarian investment, corporate governance and social responsibility, especially by investing in and managing companies with national socio-economic implications. It was reported in 2012 that Chandler had considered investing in the Tasmanian logging company Gunns, but decided not to.

The Richard Chandler Corporation was renamed the Chandler Corporation in 2013. The Chandler Corporation by 2013, among other companies, owned and operated healthcare companies in Indonesia and the Philippines. In June 2013 the Chandler Corporation acquired an 80% stake in Hoan My Medical Corporation, the largest private hospital group in Vietnam, for US$99 million. In the Forbes Rich List of 2014, Chandler was only one of two billionaires with New Zealand nationality, with a net worth of US$3.8 billion. In 2015, he also owned a 19% stake in InterOil. a startup developing an electric propulsion system for aircraft. magniX began operating as a subsidiary of the Clermont Group. in 2019. Through the Clermont Group, Chandler agreed to pay $US76 million for a 70% stake in Eviation, an Israeli startup developing electric aircraft, magniX secured a US$74 million, five-year contract from NASA in 2021 to research the propulsion of electrified aircraft.

Philanthropy Chandler co-founded Geneva Global, which described itself as a "philanthropic investment bank,” in 1999. In 2007, he formed a US$100 million education initiative focused on building low-cost private education projects in India.

Personal life He is married to Kady Leyau, a businesswoman, former model, actress, and Taiwan MTV VJ.