Christopher Hohn becomes world's best-paid hedge fund tycoon

Rishi Sunak’s former boss Christopher Hohn becomes world’s best-paid hedge fund tycoon after pocketing £1.4billion in a year

  • Sir Christopher Hohn has become the world’s best-paid hedge fund tycoon 
  • He made cash betting on firms such as Microsoft and Google’s parent company
  • The secretive Surrey-born financier made the equivalent of £3.8million a day

Christopher Hohn made the cash – the equivalent of £3.8million a day – from betting on technology firms including Microsoft and Google’s parent company Alphabet

Rishi Sunak’s former boss has become the world’s best-paid hedge fund tycoon after pocketing £1.4billion in a year.

Sir Christopher Hohn made the cash – the equivalent of £3.8million a day – from betting on technology firms including Microsoft and Google’s parent company Alphabet.

The secretive Surrey-born financier was one of five hedge fund managers said to have earned more than $1billion (£770million) each in 2019.

The other four in the Bloomberg Billionaires Index are Americans and they include Steven Cohen, the minority owner of the New York Mets baseball team.

Sir Christopher was the most successful after guiding his firm – The Children’s Investment Fund Management – to an annual return of 41 per cent. This triggered an estimated bonanza for the 53-year-old of between £1.1billion and £1.4billion.

Mr Sunak, who worked as a junior analyst for the fund between 2006 and 2009, may take a keen interest in the payout. 

The Chancellor is scrambling to find cash to pay for the Covid crisis, which has pushed the national debt above £2trillion.

Experts have warned fresh lockdowns are set to blow another huge hole in the public finances with businesses forced to shut down and more jobs lost.

Sir Christopher’s extraordinary success will be frowned upon by many on Labour’s hard Left. Jeremy Corbyn put hedge fund supremo Crispin Odey among a string of figures he planned to make pay more tax if he won power.

The Chancellor is scrambling to find cash to pay for the Covid crisis, which has pushed the national debt above £2trillion and is expected to send government borrowing beyond £350billion this year

Sir Christopher was named last year as the UK’s seventh biggest taxpayer, contributing almost £65million to the Treasury’s coffers in 2017/18, according to analysis by The Sunday Times.

His fortune has previously been estimated at anywhere between £1.3billion and £3.8billion.

Mr Odey is known for his extravagance lifestyle but Sir Christopher studiously avoids the spotlight.

But his bitter divorce from his American-born wife of 15 years made headlines – as well as a major dent in his finances – in 2014.

He was ordered to pay Jamie Cooper £337million, which was thought to be the largest ever divorce settlement in Britain.

During the case Sir Christopher described himself as an ‘unbelievable money maker’. 

The father of four has given billions of pounds to charity through The Children’s Investment Fund Foundation. This saw him receive a knighthood in 2014.

Experts have warned fresh lockdowns are set to blow another huge hole in the public finances with businesses forced to shut down and more jobs lost. Empty tables are seen outside a bar in Soho, London

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