Organisation and Operations
The Legatum group is active in the international markets for both financial and social capital.
Legatum's activities are undertaken through five divisions:
- Legatum Capital;
- Legatum Ventures;
- The Legatum Institute;
- The Legatum Center for Development and Entrepreneurship at MIT (LCDE); and
- The Legatum Foundation
The Legatum Institute
The Legatum Institute is an independent policy, advisory and advocacy organisation within the Legatum group of companies based in London, United Kingdom. The Institute researches and promotes the principles that drive the creation of global prosperity and the expansion of human liberty. The Institute undertakes original and collaborative research and publishes case studies and ancillary literature. Recent initiatives include the launch of the Legatum Prosperity Index, which measures prosperity across countries as a combination of material wealth and life satisfaction. The 2012 index expanded from 110 to 142 countries and the ranking is led by Norway, Denmark, Sweden, Australia and New Zealand.
The Legatum Center for Development and Entrepreneurship at MIT
Legatum made a structured gift of USD50 million to the Massachusetts Institute of Technology (MIT) to create a Center which will support the Legatum Fellows. Graduate students at MIT participate in a cross-faculty program with the goal of starting a for-profit enterprise in a developing country.
Iqbal Quadir, founder of Grameenphone in Bangladesh, is the Center's founder and director. In October 2008, the Center hosted its first annual conference around issues of development and entrepreneurship, which brought together five Nobel laureates in economics - Lawrence Klein, Robert C. Merton, Eric Maskin, Edmund S. Phelps, and Paul Samuelson.
The Legatum Foundation
The Legatum Foundation provides humanitarian grants to support community-based projects run by local entrepreneurs in the sectors of Health, Education, Economic Empowerment, Human Liberty, Disaster Recovery and the Environment. Legatum was instrumental in facilitating the creation of the Global Network for Neglected Tropical Disease Control (GNNTDC).
Legatum's Prosperity Ladder graphically demonstrates the Group's approach to investment at all levels of the economic and social scale.
- Legatum was founded in the United Arab Emirates, in December 2006 by Chairman of Legatum Global Holdings, Christopher Chandler, formerly President of the holding company for the Sovereign Global group of companies ("Sovereign"), which he co-founded with his older brother Richard Chandler (businessman) in 1986. From 1986 to 2006, Sovereign provided capital to companies and governments in Asia, Africa, Latin America and Eastern Europe, and to industries including telecommunications, electric utilities, steel, oil and gas, banking and oil refining.
- Legatum's name originates from the Latin noun for "legacy", meaning a "gift provided to others without charge".
- "About LI". Legatum Institute. Retrieved 2012-11-04.
- "The 2012 Legatum Prosperity Index". Legatum Institute. Retrieved 2012-10-14.
- Economic Times of India article about Legatum (October 2007)
- New York Times article regarding Legatum Center at MIT (September 2007)
- Microcapital Magazine announcement of the largest equity investment in the microfinance sector (May 2007)
- New Times of Rwanda article regarding the Legatum Pioneers of Prosperity Africa Prize (December 2007)
- FORTUNE Fast Forward article regarding the Legatum FORTUNE Technology Prize (July 2008)
- Global Network for Neglected Tropical Disease Control Annual Review (January 2009)
- Corporate website
- Legatum Prosperity Index
- SHARE Microfin Ltd.
- Invisible Children
- Legatum Center at MIT