Person

John D. Arnold

Nationality:

American

Occupation:

Philanthropist

Former Hedge Fund Manager

Spouse:

Laura Munoz

Main Philanthropy:

John and Laura Arnold Foundation

John D. Arnold is an American philanthropist and businessman. Arnold and his wife, Laura Munoz, together run the John and Laura Arnold Foundation, a major private grantmaking foundation.

Background

Arnold began his career as a trader for Enron: He would leave the company taking an $8 million bonus before the energy company collapsed. He was never accused of wrongdoing in the investigation of the energy company’s sudden collapse.[1]

In 2002, Arnold founded a hedge fund, Centaurus Advisors, LLC, with his bonus and some early investors. During his time running the fund, Arnold gained a high reputation among his colleagues and even among the federal investigators who investigated the Enron collapse. In 2012, with the growth of hydraulic fracturing and the expansion of gas supply undermining the natural gas futures market, Arnold decided to retire to focus on philanthropy.[2]

References

  1. Preston, Caroline. 2011. “A Thirtysomething Billionaire Couple’S Bold Philanthropy”. The Chronicle Of Philanthropy. https://www.philanthropy.com/article/A-Thirtysomething-Billionaire/157613.
  2. Goodman, Leah McGrath. 2012. “When A Billionaire Trader Loses His Edge”. Fortune. http://fortune.com/2012/05/04/when-a-billionaire-trader-loses-his-edge/.
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