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Meet Laura Arnold, the billionaire philanthropist taking on the parole system with Jay-Z and Meek Mill

Meet Laura Arnold, the billionaire philanthropist taking on the parole system with Jay-Z and Meek Mill
Laura Arnold



Billionaire philanthropist Laura Arnold explained her approach to philanthropy in a recent interview with Business Insider.




A former attorney, Arnold and her husband, former hedge fund manager John D. Arnold, became full-time philanthropists in 2012.




Arnold has now set out to reform what she has described as America's "unjust, inefficient" parole system.




Through her foundation, Arnold said she has provided grants to organizations working toward criminal justice reform. She also joined the board of REFORM Alliance, the criminal justice advocacy group founded by Jay-Z and Meek Mill.




The Arnolds have a net worth of $3.3 billion, according to Forbes.




Visit Business Insider's homepage for more stories.



Laura Arnold never expected to become a billionaire.
Arnold, 46, was raised in a middle-class family and worked her way through Harvard, she wrote in a July 2010 letter announcing her decision to sign The Giving Pledge. She and her husband John, a former securities trader, now have a collective net worth of $3.3 billion, according to Forbes. John was a trader at Enron before the corporation's collapse in 2001. He then founded hedge fund Centaurus Advisors, which, according to Forbes, is the primary source of the couple's wealth.
In 2012, Arnold and John made the decision to dedicate their lives to philanthropy full-time. Four years prior, the couple signed the Giving Pledge and opened a private foundation that focuses on education, health, tax policy, and criminal justice.
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