Legatum
The Legatum Logo
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| Private | |
| Founded | December 2006 |
| Founder | Christopher Chandler |
| Headquarters | Dubai, United Arab Emirates |
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| Website | www |
Legatum Limited, also known as Legatum, is a private investment firm headquartered in Dubai, United Arab Emirates. With a long-term perspective, Legatum invests proprietary capital in global capital markets.
The firm also invests in activities to promote entrepreneurship and free enterprise, programs to create the policies that promote prosperity, and initiatives to alleviate poverty.
Legatum was founded in December 2006 in the United Arab Emirates by Christopher Chandler. Previously, Chandler was the president of Sovereign Global, or Sovereign, which he co-founded with his brother Richard Chandler in 1986. Sovereign invested capital in companies located in Asia, Africa, Latin America and Eastern Europe, and in industries including telecommunications, electric utilities, steel, oil and gas, banking and oil refining. The Chandler brothers embarked on separate ventures following the de-merger of Sovereign in 2006. Christopher Chandler established Legatum the following December. Legatum's name originates from the Latin noun meaning "legacy" or "gift."
In 2007, Legatum established The Legatum Center for Entrepreneurship at MIT to promote a movement centered on free markets and entrepreneurship as the catalyst for economic and social change. The Center hosted its first annual conference around issues of development and entrepreneurship, which brought together five Nobel laureates in economics including Lawrence Klein, Robert C. Merton, Eric Maskin, Edmund S. Phelps, and Paul Samuelson.
Also in 2007, Legatum established the Africa Awards for Entrepreneurship to recognize leaders in Africa's entrepreneurial industry as role models in innovation, business excellence, and profitability.
The Legatum Institute Foundation was established in 2007 as an independent non-partisan charitable public policy think-tank that seeks to understand what drives and restrains national success and individual flourishing. 2007 also saw the Institute launch its annual Legatum Prosperity Index, an international report measures national prosperity based on both wealth and well-being.
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