Donors to Common Recipients
Recipients of donations from Stephan Schmidheiny also received donations from these orgs and people
Industrialist turned philanthropist and environmentalist. In 1978 became president of the board of his father's Eternit, a construction materials manufacturer. Began moving the company away from asbestos long before it was a banned substance. Diversified over the next ten years, investing in forestry firm Grupo Nueva and other multinationals. In 2003 donated all shares of Grupo Nueva, worth $1 billion, to his Viva Trust, whose profits are used to promote causes like sustainability and education. Much of his wealth is now held in a diversified portfolio of stocks, bonds and private equity investments and is handled by professional managers. Art collector favors contemporary painters.