6 things to know about the billionaire couple investing in Civica Rx

Laura and John Arnold are among the early billionaire investors in Civica Rx, the hospital-owned nonprofit generic drug company.

Below are six things to know about the Arnolds and their foundation that helped establish Civica Rx.

1. The Arnolds retired in their 30s after making their billions. Mr. Arnold was an U.S. hedge fund manager that has a net worth of $3.3 billion.

2. After retiring, the couple established the Laura and John Arnold Foundation in 2008. A few years later, they established Action Now Inc., a subsidiary of the foundation that focuses on political giving.

3. Since its establishment, the foundation has spent $119 million on healthcare issues. The couple also has funded political candidates committed to lowering drug prices, according to NBC News.

4. Recently, the foundation was renamed and rebranded Arnold Ventures in an effort to combine the couple's philanthropy and political giving in a limited liability corporation. The goal is to create a more integrated push for impact on a wide range of public policy issues, including drug pricing. The foundation and Action Now are part of Arnold Ventures.

5. Arnold Ventures focuses on criminal justice, education, evidence-based policy, healthcare, research integrity and sustainable public finance, according to its website.

6. The Arnolds were among three philanthropies that helped establish Civica Rx. The foundation donated $10 million to the company.

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