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Billionaire hedge fund backer of green causes pays himself £60m
Yahoo Finance· 2026-01-06 19:04
Core Insights - Sir Chris Hohn, founder of The Children's Investment Fund Management (TCI), paid himself £60 million in dividends following a strong performance of the fund [1] - TCI's turnover increased to $1 billion (£740 million) for the year ending March 2025, up from $844 million in 2024 [2] - Hohn is recognized for his activism in climate change, having previously donated £50,000 to Extinction Rebellion and criticized banks for their "greenwashing" practices [2][3] Company Overview - TCI was founded in 2003 by Sir Chris Hohn, who is known for his aggressive activist investing style [4] - The hedge fund has a history of engaging in contentious battles, such as opposing a takeover of the London Stock Exchange and attempting to oust its chairman in 2017 [5][6] - Since its inception, TCI has allocated a significant portion of its profits to charitable causes through the Children's Investment Fund Foundation, which supports disadvantaged children and net zero initiatives [6] Financial Contributions - Due to the rise in turnover, TCI increased its donations to the foundation to $797 million last year, a substantial increase from $427 million in 2024 [7] - Sir Chris Hohn is estimated to have a net worth of £8 billion and is recognized as one of the most charitable individuals in Britain, contributing millions annually to various foundations [7]