Richard Lockwood Chilton Jr. (born June 10, 1958) is an American businessman and

investor An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

. He is the founder, chairman, CEO and chief investment officer (CIO) of Chilton Investment Company, a global investment management firm, which as of June 2014 had roughly $4 billion assets under management. Chilton is also the founder, chairman, and CIO of Chilton Trust Company, a private wealth management company.

Early life and education

Chilton grew up in

Ho-Ho-Kus, New Jersey Ho-Ho-Kus () is a borough in Bergen County, New Jersey, United States. As of the 2020 United States census, the borough's population was 4,258, an increase of 180 (+4.4%) from the 2010 census count of 4,078, which in turn reflected an increas ...

. Raised with three siblings, he is the oldest son of Richard Chilton Sr. and Elizabeth Chilton. His father was an advertising executive in New York City and his mother a historic preservationist, artist and horticulturalist. Chilton earned a bachelor's degree in finance and economics from Alfred University.

Career

Chilton began his career at Merrill Lynch in mergers and acquisitions. In 1983 he became an analyst for Alliance Capital, and in 1990 he worked at

Allen & Company Allen & Company LLC is an American privately held boutique investment bank based at 711 Fifth Avenue, New York. The firm specializes in real estate, technology, media and entertainment. History Founded in 1922 by Charles Robert Allen, Jr., h ...

, a private bank. In 1992, Chilton left Allen & Company to form Chilton Investment Company with $5 million. The company is headquartered in

Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capita ...

with offices in New York City, Palm Beach, London, and Hong Kong. In 2012, Chilton made the ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'' 400 list and in 2015, he ranked #1533 on ''Forbes list of wealthiest people. In 2015, his net worth was estimated at US$1.2 billion.

Philanthropy

Chilton stated that his two main priorities are the environment and culture. Chilton and his wife serve as directors of the Chilton Family Foundation, which prior to 2012, gave $2–5 million annually. The Chilton Family Foundation has donated at least $30 million. Chilton sits on the board of trustees of the

Metropolitan Museum of Art The Metropolitan Museum of Art of New York City, colloquially "the Met", is the largest art museum in the Americas. Its permanent collection contains over two million works, divided among 17 curatorial departments. The main building at 1000 ...

. In 2010, he donated approximately $200,000 to the museum and in 2011 donated over $2 million. Chilton and his wife are also on the Director’s Roundtable at the Pierpont Morgan Library, where the Chilton Family Foundation donated substantially in 2009. In 2006, he gave $1.2 million to the land trust in Darien, CT. Chilton is also Chairman Emeritus of the Darien Foundation for Technology and Community, which funds projects for technology and education, where he donated $300,000 in 2011. Chilton is a former board member of the

Robin Hood Foundation The Robin Hood Foundation is a charitable organization which attempts to alleviate problems caused by poverty in New York City. The organization also administers a relief fund for disasters in the New York City area. In 2010, a key supporter gave ...

, a charitable organization which attempts to alleviate problems caused by poverty in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

, to which he gave nearly $6 million. He is also Chairman Emeritus of

Greenwich Academy Greenwich Academy is an independent, college-preparatory day school for girls in Greenwich, Connecticut. Founded in 1827, it is the oldest girls' school in Connecticut. Greenwich Academy's motto is ''Ad Ingenium Faciendum,'' "Toward the Building o ...

, a girls' school in

Greenwich, Connecticut Greenwich (, ) is a town in southwestern Fairfield County, Connecticut, United States. At the 2020 census, the town had a total population of 63,518. The largest town on Connecticut's Gold Coast, Greenwich is home to many hedge funds and other ...

. Chilton and his wife also run scholarship programs for students at universities in

Chengdu Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese pro ...

, China.

Personal life

In 2006, Chilton co-founded Hourglass Wine Company in

Napa Valley Napa Valley is an American Viticultural Area (AVA) located in Napa County in California's Wine Country. It was established by the Bureau of Alcohol, Tobacco and Firearms (ATF) on January 27, 1981. Napa Valley is considered one of the premier ...

, and in 2017 authored ''Adventures with Old Vines: A Beginner’s Guide to Being a Wine Connoisseur''. Chilton is married to Maureen, and they have four children. Chilton resides in

Darien, Connecticut Darien ( ) is a coastal town in Fairfield County, Connecticut, United States. With a population of 21,499 and a land area of just under 13 square miles, it is the smallest town on Connecticut's Gold Coast. It has the youngest population of any ...

. He is also a landowner in

Dorset Dorset ( ; archaically: Dorsetshire , ) is a county in South West England on the English Channel coast. The ceremonial county comprises the unitary authority areas of Bournemouth, Christchurch and Poole and Dorset. Covering an area of , ...

, England, and owns the

Crichel Down The Crichel Down affair was a British political scandal of 1954, with a subsequent effect and notoriety. The ''Crichel Down Rules'' are guidelines applying to compulsory purchase drawn up in the light of the affair. Crichel Down land The case cen ...

estate, including

Crichel House Crichel House is a Grade I listed, Classical Revival country house near the village of Moor Crichel in Dorset, England. The house has an entrance designed by Thomas Hopper and interiors by James Wyatt. It is surrounded by of parkland, which ...

, which he bought for £34 million in 2013.

References

{{DEFAULTSORT:Chilton, Richard 1958 births Living people American hedge fund managers American investors Alfred University alumni Businesspeople from New Jersey People from Ho-Ho-Kus, New Jersey Chief investment officers