Person

Stanley Druckenmiller

Occupation:

Hedge Fund Manager (Ret.)

Philanthropist

Main Philanthropy:

Druckenmiller Foundation

Spouse:

Fiona Druckenmiller

Stanley Druckenmiller is a billionaire investor, philanthropist, and former hedge fund manager who once worked for George Soros’s Quantum Fund and later his own Duquesne Capital Management. He is estimated to be worth approximately $4.8 billion.[1]

Druckenmiller is known to be politically active, backing the presidential campaigns of moderate Republicans Chris Christie, Jeb Bush, and John Kasich.[2] During the 2018 midterm elections, Druckenmiller had donated a total of $152,300 to Republican candidates and none to Democrats.[3]

Background

A retired hedge-fund manager of 30 years, Stanley Druckenmiller is worth approximately $4.8 billion (as of December 2018).[4] From 1988 through 2000, Druckenmiller worked with George Soros to oversee the Quantum Fund.[5] Whilst working for Soros, Druckenmiller says that he was “highly influenced” by Soros’s philanthropy, matching employee giving four to one.[6] Druckenmiller then went to manage Duquesne Capital Management, where he enjoyed great success, with a 30 percent average annual return and no net financial loss years.[7] Duquesne Capital Management was divested in 2010.[8]

Philanthropy

Also see Druckenmiller Foundation (Nonprofit)

Stanley Druckenmiller, along with his wife Fiona, established the Druckenmiller Foundation in 1993.[9] In 2009, the couple announced a personal donation of $705 million to the Foundation.[10] According to one profile, “the Chronicle of Philanthropy recognized the Druckenmillers as the most charitable couple in America for 2009.”[11]

Druckenmiller also credits Paul Tudor Jones of the Robin Hood Foundation, along with Jones’s wife, for steering him towards strategic philanthropy.[12]

The Druckenmiller Foundation generally funds efforts to fight poverty, promote medical research, and support education. However, the foundation has also supported left-leaning environmentalist causes.[13]

References

  1. “Stanley Druckenmiller.” Forbes. December 10, 2018. Accessed December 10, 2018. https://www.forbes.com/profile/stanley-druckenmiller/#3e947d1d17ff ^
  2. Reiff, Nathan. “The Greatest Investors: Stanley Druckenmiller.” Investopedia. August 30, 2018. Accessed December 05, 2018. https://www.investopedia.com/university/greatest/stanley-druckenmiller.asp. ^
  3. “Top Individual Contributors: Hard Money, by Individual.” OpenSecrets.org. Accessed December 05, 2018. https://www.opensecrets.org/overview/topindivs.php?view=hi&cycle=2018. ^
  4. “Stanley Druckenmiller.” Forbes. Accessed December 05, 2018. https://www.forbes.com/profile/stanley-druckenmiller/#7360f4f217ff. ^
  5. Reiff, Nathan. “The Greatest Investors: Stanley Druckenmiller.” Investopedia. August 30, 2018. Accessed December 05, 2018. https://www.investopedia.com/university/greatest/stanley-druckenmiller.asp. ^
  6. “Stanley Druckenmiller Places Big, Selective Bets in Philanthropy.” The Bridgespan Group. November 27, 2013. Accessed December 05, 2018. https://www.bridgespan.org/insights/library/remarkable-givers/profiles/stanley-druckenmiller. ^
  7. Reiff, Nathan. “The Greatest Investors: Stanley Druckenmiller.” Investopedia. August 30, 2018. Accessed December 05, 2018. https://www.investopedia.com/university/greatest/stanley-druckenmiller.asp. ^
  8. Stanley Druckenmiller.” Forbes. Accessed December 05, 2018. https://www.forbes.com/profile/stanley-druckenmiller/#7360f4f217ff. ^
  9. “Druckenmiller Foundation.” Devex. Accessed December 05, 2018. https://www.devex.com/organizations/druckenmiller-foundation-31063. ^
  10. Di Mento, Maria. “$705-Million Donation Announced.” The Chronical of Philanthropy. December 30, 2009. Archived from the original November 26, 2013. Accessed December 5, 2018. http://philanthropy.com/article/705-Million-Donation/63488/ ^
  11. “Stanley Druckenmiller Places Big, Selective Bets in Philanthropy.” The Bridgespan Group. November 27, 2013. Accessed December 05, 2018. https://www.bridgespan.org/insights/library/remarkable-givers/profiles/stanley-druckenmiller. ^
  12. “Two Powerful Philanthropic Influences: Why Stanley Druckenmiller Chose to Fight Poverty during His Lifetime.” The Bridgespan Group. November 27, 2013. Accessed December 05, 2018. https://www.bridgespan.org/insights/library/remarkable-givers/profiles/stanley-druckenmiller/two-powerful-philanthropic-influences-why-stanley. ^
  13. “Druckenmiller Foundation Announces $705 Million in Gifts From Founders.” Philanthropy News Digest (PND). January 04, 2010. Accessed December 05, 2018. https://philanthropynewsdigest.org/news/druckenmiller-foundation-announces-705-million-in-gifts-from-founders. ^

Connected Organizations

  1. Druckenmiller Foundation (Non-profit)
    Founder
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