| INFO | |
|---|---|
| Name | David Mark Rubenstein (David Rubenstein) |
| Approximate Net Worth | $3.7 Billion |
| Education | Baltimore City College (Graduation), Duke University (Bachelors of Arts), University of Chicago (Doctor of Law) |
| Born date | 11 August, 1949 |
| Birth Place | Baltimore, Maryland, United States |
| Gender | Male |
| Profession | American Lawyer, Businessman, Entrepreneur |
| Nationality | American |
| Religion | Judaism |
| Marital status | Divorced |
| Wife's Name | Alice Rubenstein(1983-2017) |
| Wife's profession | Founder of the Alaska House New York and the Alaska Native Arts Foundation, Former owner of Alaska Dispatch News |
| Approximate Weight | 67.8 KG |
| Approximate Height | 5 Feet 6.9 inches |
| Father's name | Robert Rubenstein |
| Father's profession | Employed by the United States Postal Service (Postal Worker) |
| Mother's name | Bettie Rubenstein |
| Mother's profession | Homemaker |
| Siblings | Andre Rubenstein Brother), Kasey (Sister) |
| Children | Gabrielle Rubenstein (Daughter), Alexa Rachlin (Daughter), Andrew Rubenstein (Son) |
| 19.6 K Followers | |
| 3.4 K Followers | |
| Youtube | 243 K Followers |
| Eye Colour | Brown |
| Hair Colour | White |
| Zodiac Sign | Leo |
Table of Contents
David Rubenstein is a well-known American billionaire businessman who emerged as one of the individuals with deep pockets in Maryland, United States. Born in Baltimore in 1949, Rubenstein faced financial hardships during his early stage of life. Despite these challenges, he pursued his education with the help of scholarships which set the stage for a remarkable journey.
David Rubenstein's Early Life and Education
Growing up in a low-income making family, Rubenstein's parents played a crucial role in shaping his aspirations. Although his mother wished for him to be a dentist but Rubenstein's passion for public service, inspired by President John F. Kennedy's inauguration led him to pursue political science at Duke University. As he overcame financial barriers with scholarships and loans he later earned a law degree from the University of Chicago Law School.
Career in Law and Politics
Rubenstein took off with a legal career joining the prestigious Paul, Weiss, Rifkind, Wharton & Garrison law firm in New York. However, he felt dissatisfied and shifted gears and dived into politics. His journey included serving as chief counsel to Senator Birch Bayh and a position in Jimmy Carter's presidential campaign. Despite the setback of Carter's election defeat, Rubenstein's ability to bounce back paved the way for a transformative phase.
Leveraged Buyouts and the Birth of Carlyle Group
Rubenstein's career took an unexpected turn when he discovered the concept of leveraged buyouts through the success story of former U.S. Deputy Treasury Secretary William Simon. Triggered by this, Rubenstein, along with two partners, founded the Carlyle Group in 1987. Their unique approach of acquiring defense-related companies and taking them public seeded the beginning of Carlyle's rise.
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Carlyle Group's Growth and Public Offering
Initially raising $5 million, Carlyle's first buyout in 1990 set the stage for subsequent successes. The firm adopted a unique deal-by-deal fundraising strategy and later went public in 2011, becoming one of the largest and most diversified private equity firms globally managing billions of dollars in investments.
David Rubenstein Net Worth Overtime
| Year | Total |
|---|---|
| 2014 | $3.1 Billion |
| 2015 | $2.9 billion |
| 2016 | $2.2 Billion |
| 2017 | $2.5 Billion |
| 2018 | $2.8 Billion |
| 2019 | $2.7 billion |
| 2020 | $2.8 Billion |
| 2021 | $3.7 Billion |
| 2022 | $4.0 Billion |
David Rubenstein's Net Worth
As of December 2023, David Rubenstein's net worth is estimated to be $3.7 billion. While his net worth has fluctuated over the years, Rubenstein's wealth primarily derived from the success of the Carlyle Group. The firm's focus is on the government-affected businesses and Rubenstein's professional fundraising skills contributed significantly to his billionaire status.
Philanthropy and Personal Endeavors
Beyond finance, Rubenstein is recognized for his philanthropic contributions. A best-selling author and dedicated philanthropist, he donated $18.5 million in 2016 for the restoration of the Lincoln Memorial. His involvement with non-profit organizations including the National Zoo and the National Museum of African American History and Culture, reflects a commitment to social impact.
Rubenstein's Recent Ventures
In recent times, Rubenstein's interests extend to real estate investments and a $400 million fund for Declaration Partners focused on multifamily housing and industrial properties. This diversification showcases Rubenstein's adaptability and strategic vision in response to market dynamics.
Rubenstein's Ownership of Baseball Team
Rubenstein's reported acquisition of the Baltimore Orioles for $1.725 billion is an outstanding development. This move adds a sports team to his portfolio, emphasizing his all-around approach to investments.
David Rubenstein Nantucket
Apart from his business endeavors, Rubenstein's luxurious Nantucket estate, a gift for the Biden family during Thanksgiving, highlights the entrepreneur's influence beyond finance. The Bidens' annual stay at Rubenstein's $39 million retreat highlights the mixture of wealth and power.
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All net worth figures and other information here are drawn from public resources. While our team here at celebritynetworthfeed.com, we work diligently to make sure that our numbers are close to accurate as much as possible, otherwise, they are only estimates. However, we welcome all corrections and feedback in the comments down below.
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