Enigma funds school

Though New Zealand tycoon Christopher Chandler keeps a reclusive profile, he has invested $50 million in a business school for students from developing countries in Boston. Chandler, a beekeeper’s son from Matangi who has built a fortune estimated at $1.7bn (£866m), has been a called an antipodean version of Warren Buffett. Along with his brother Richard, he has bought and sold chunks of Hong Kong property, Brazilian telecoms, Japanese banks and Russian electricity enterprises. The Legatum Centre for Development and Entrepreneurship is intended to create a generation of business leaders in poverty-stricken parts of the globe. The Centre’s director Iqbal Quadir describes Christopher Chandler as a “very global person who cares about how the world is shaping up”. Last year Chandler invested $25m in India’s leading microfinance lender, Share Microfin, which specialises in microfinance schemes for people who have no access to formal banks.