NET WORTH: $2.1 billion
SOURCE OF WEALTH: Children's Investment Fund, Founder; Perry Capital
FUNDING AREAS: Children's global poverty, health, climate change
OVERVIEW: Christopher Hohn's philanthropy focuses on helping children around the world by addressing issues such as malnutrition, education, and climate change. Hohn's Children's Investment Fund (TCI) was the first hedge fund that donated a portion of all of its fees to charitable organizations. These days, Hohn's philanthropy goes through the Children's Investment Fund Foundation.
BACKGROUND: Hohn was born in Surrey and attended Southampton University in the U.K. before going on to get his MBA at Harvard. Hohn worked for Apax Partners and then Perry Capital, where he was made head of operations in London. Later, with his then wife Jamie Cooper, Hohn established the Children's Investment Fund (TCI) and the Children's Investment Fund Foundation. Before the couple divorced, Hohn steered more than $2 billion to the charity including around 800 million pounds in 2007 and 2008, making him one of the U.K.'s largest charitable donors.
CHILDREN'S POVERTY & HEALTH: Through CIFF, Hohn's philanthropy aims to help transform the lives of poor and vulnerable children in developing countries. Areas of work include neonatal survival, HIV transmission, malnutrition, and deworming. One recent partner is Ethiopia SURE!, and its project to reduce stunting in children under five in four agrarian regions by up to 26 percent. Recent money has also gone to the African Leaders Malaria Alliance.
CIFF made a $45 million grant to the Elizabeth Glaser Pediatric AIDS Foundation towards a multiyear program supporting Zimbabwe’s Ministry of Health and Child Care’s efforts to lower the number of new HIV infections among infants. The goal was to reduce the risk of mother to child transmission from 28 percent to 12 percent.
As well, CIFF has worked with Nigeria’s Federal and State Ministries of Health and UNICEF, towards a program in Northern Nigeria which delivers nutrient-rich peanut paste to children suffering from severe acute malnutrition.
Hohn has also donated large sums to the San Francisco-based donor advised fund, the Tides Foundation perhaps also in service of this work.
CIFF also committed $20 million in response to the Ebola outbreak in West Africa, committed $50 million to the Uniting to Combat Neglected Tropical Diseases partnership, and partnered with UBS and UNICEF to announce the opening of a $1 billion Power of Nutrition Fund, to which CIFF has given tens of millions.
CLIMATE CHANGE: In 2008, CIFF launched a special initiative on climate change, which the foundation considers to be a significant challenge facing children's futures as well. Within this realm, the foundation focuses on "smart urbanization" and "energy sector transformation" mainly in Europe, China, and Latin America.
LOOKING FORWARD: Hohn took a half a billion dollar hit in his divorce but his net worth still sits above $1 billion. Only in his early 50s, Hohn's priority still appears to be helping children around the world. One other area of interest identified on CIFF's website is improving children's outcomes through early learning programs.