Person

Stanley Druckenmiller

Occupation:

Hedge Fund Manager (Ret.)

Philanthropist

Main Philanthropy:

Druckenmiller Foundation

Spouse:

Fiona Druckenmiller

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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.
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