Legatum

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Legatum Limited
Founded 2006; 9 years ago (2006)
Key people
Christopher Chandler
Website www.legatum.com

Legatum is a private investment firm headquartered in Dubai, United Arab Emirates. Legatum invests proprietary capital in commercial investments. The firm also invests in sustainable development that helps local communities worldwide.

Organisation and Operations[edit]

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[edit]

The Legatum Institute is an independent policy, advisory and advocacy organisation within the Legatum group of companies based in London, United Kingdom.[1] 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,[2] which measures prosperity across countries as a combination of material wealth and life satisfaction. The 2012 index expanded from 110 to 142 countries. In 2013, Legatum became a founder of the Freedom Fund an anti-slavery non-profit organization.[3]

The Legatum Center at MIT[edit]

Legatum made a structured gift of USD50 million to the Massachusetts Institute of Technology (MIT) to create a The Legatum Center for Development and Entrepreneurship 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[edit]

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.

History[edit]

  • 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".

References[edit]

  1. ^ "About LI". Legatum Institute. Retrieved 2012-11-04. 
  2. ^ "The 2012 Legatum Prosperity Index". Legatum Institute. Retrieved 2012-10-14. 
  3. ^ "Everywhere in (supply) chains". The Economist. 14 March 2015. Retrieved 2 April 2015. 

External links[edit]