Financier donates £466m to charity - News in brief - Evening Standard
       

Financier donates £466m to charity

A City financier has given nearly half a billion pounds to his wife's charity in the largest single donation by a Briton, it has been reported.

Chris Hohn, a hedge fund manager who runs The Children's Investment Fund (TCI), donated £466 million to a foundation benefiting projects across the developing world.

The Hohns, who live in north London, have earned the titles of Britain's most generous philanthropists after giving nearly £800 million in just four years.

His donation dwarfs others in the UK, the Daily Telegraph reported.

Sir Tom Hunter, the Scottish billionaire, reportedly promised to give £1 billion to charity but that was spread over his life-time.

David and Heather Stevens, founders of the insurance company Admiral, gave away £100 million.

Mr Hohn set up TCI in 2003 so that a percentage of the earnings could go directly to its charitable arm, the Children's Investment Fund Foundation.

His wife, Jamie Cooper-Hohn, said she runs the charity using the business model of her husband's fund.

The foundation has given money to the Clinton Foundation for the treatment of HIV and Aids, to a scheme to help orphans in Malawi and to emergency aid projects in Darfur.

In an interview with the Sunday Telegraph, Mrs Cooper-Hohn said: "One of the things that attracted Chris and I was the shared sense of something that is larger than ourselves and the thrill that we can have a positive impact."

News in brief in Pictures

Don't Miss
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity
'He’s a better ex than he was a husband', says Boris Johnson's ex wife

A better ex than husband

We talk to Boris Johnson's ex wife
TV Baftas - in pictures

Best of the Baftas

Stars on the red, white and blue carpet