British billionaire to donate £190m to Cambridge University

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British billionaire to donate £190m to Cambridge University

British billionaire to donate £190m to Cambridge University 5 hours ago Share Save Add as preferred on Google Kate McGough Education reporter Getty Images Billionaire hedge fund owner Chris Rokos is …

British billionaire to donate £190m to Cambridge University 5 hours ago Share Save Add as preferred on Google Kate McGough Education reporter Billionaire hedge fund owner Chris Rokos is to donate £190m to the University of Cambridge. The university said this will be "the largest single donation made to a British university in modern times". The money will be used to create a school of government in Cambridge named after him, with the aim of training leaders of the future. Rokos said he wanted to "give something back" to the UK with the donation. Rokos will provide an initial £130m in funding to the university, plus an extra £60m that will be matched by the university to create what will be known as the Rokos School of Government. Rokos is a 55-year-old British investor and philanthropist who lives in the UK and founded global multi-asset investment fund Rokos Capital Management. According to The Sunday Times Rich List , he is worth an estimated £2.6bn. He is also one of the UK's biggest tax payers, according to the paper's annual tax list. He won a scholarship to Eton College after attending a state primary school, and studied mathematics at Pembroke College, Oxford. He previously provided financial support for scholarships at Eton and initiatives linked to Pembroke College. Speaking about his donation, Rokos said: "I was fortunate to be given the opportunity of an education which transformed my life, and I would like to give something back to Britain. …

Original source: BBC News

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