Jonathan Garnier Ruffer17 August 1951
Sidney Sussex College, Cambridge
|Occupation||City investor, art collector|
|Net worth||GBP £380 million|
Jonathan Ruffer DL (born 17 August 1951) is a British City investor, art collector and philanthropist.
Jonathan Ruffer was born on 17 August 1951 in London, England, and lived from an early age in Stokesley, North Yorkshire, England. He was educated at Marlborough College, a public school in Marlborough, Wiltshire. He graduated from Sidney Sussex College, a constituent college of the University of Cambridge, in 1972.
Ruffer started as a stockbroker, before becoming a barrister. He is now a Bencher of the Middle Temple. He worked in corporate finance for Schroders, an accepting house bank. He worked for Dunbar, a private bank, from 1980 to 1985. He was also on the board of directors of one of its subsidiaries, Dunbar Fund Management, from 1981 to 1985. He was then on the board of CFS (renamed Rathbone plc) from 1985 to 1994. He was on the board of Odey Asset Management, founded by Crispin Odey, from 1992 to 2005; Fuel Tech from 1994 to 1998; and Electric & General Investment Trust from 2001 to 2011.
In 1994, he co-founded Ruffer Investment Management Limited, an investment management firm with Robert Shirley, 14th Earl Ferrers and Jane Tufnell. The firm was renamed Ruffer LLP in 2004 and is now based at 80 Victoria Street in London. Ruffer was its chief executive officer from 1994 to 2012 and has been its chairman since 2011. The firm managed £15.4 billion on behalf of its clients in 2012–2013. In 2014, it had 199 employees, and additional offices in Edinburgh and Hong Kong.
Ruffer credits William Rathbone VI as a source of inspiration for his philanthropy. He believes nobody needs more than £20 million. However, he is critical of William Temple's Christian socialism.
He expressed an interest in reviving County Durham through philanthropy in 2012. That same year, he donated £1 million to the Durham Foundation. A year later, in 2013, he donated £15 million to preserve Auckland Castle, the historical palace of the Bishop of Durham, through the Auckland Castle Trust, of which he is the chair. This included the preservation of 12 paintings by Francisco de Zurbarán, present in the palace since 1756. In 2013, he donated £18 million to restore the Bishop's Palace and create a museum on the history of Christianity and faith in Britain, expected to open in 2018. In 2014, he donated the endowment to create Kynren, a night show telling the history of England, in nearby Bishop Auckland to aid in wider regeneration.
Ruffer is married to Jane Sequeira, a doctor, and palliative care specialist. They have a daughter. She is a descendant of Isaac Henrique Sequeira (1738-1816), a Portuguese Jewish doctor, who was painted by Thomas Gainsborough, one of his patients, and that oil painting now hangs in Madrid's Museo del Prado.
An Anglican, he has been described by the Financial Times as "a committed evangelical Christian" and The Yorkshire Post as "a devout Christian." He is a member of the Athenaeum Club and the Beefsteak Club. As of 2014, he had an estimated wealth of £380 million.
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- A N Wilson, Man on a mission: Jonathan Ruffer and the Auckland Castle Trust, Financial Times, 7 November 2014
- Jonathan Ruffer donates £1m donation to Durham foundation, The Journal, 7 September 2012
- Charles Moore, The great Auckland Castle rescue, The Daily Telegraph, 18 May 2013
- "Auckland Castle". Auckland Castle. Retrieved 5 February 2018.
- Heritage Exchange 2014: Jonathan Ruffer Archived 15 April 2015 at the Wayback Machine
- Francisco Zurbaran paintings saved by £15m donation, BBC, 31 March 2011
- Benefactor plans theme park for Bishop Auckland, ITV, 3 April 2014
- Fund, Art. "Jonathan Ruffer curatorial grants". artfund.org. Retrieved 5 February 2018.
- "Zurbarans' trustees revealed by owner". The Northern Echo. Retrieved 5 February 2018.
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- "Isaac Henrique Sequeira - The Collection - Museo Nacional del Prado". www.museodelprado.es. Retrieved 5 February 2018.