David Rubenstein
| David M. Rubenstein | |
|---|---|
 David M. Rubenstein in Davos, Switzerland, January 26, 2008. |
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| Born | Baltimore, Maryland, U.S. |
| Alma mater | Duke University University of Chicago (J.D.) |
| Occupation | Managing Director of the Carlyle Group |
| Net worth |  $2.6 billion[1] |
David M. Rubenstein is the co-founder of The Carlyle Group, a global private equity firm. In the 2011 Forbes ranking of the wealthiest Americans, Rubenstein was ranked 148th with a net worth of $2.6 billion[1]. Rubenstein is also a member of the Council on Foreign Relations[2].
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[edit] Early life and career
Rubenstein grew up in Baltimore, and graduated from the college-preparatory high school, Baltimore City College and then from Duke University magna cum laude in 1970. He earned his law degree from the University of Chicago Law School in 1973. From 1973-75, Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison. Prior to starting Carlyle in 1987, with William E. Conway, Jr. and Daniel A. D'Aniello, Rubenstein was a domestic policy advisor to President Jimmy Carter and worked in private practice in Washington, D.C.
[edit] Personal life
Rubenstein has stated that he was once offered to meet Mark Zuckerberg before he dropped out of Harvard but decided against it. This is his single greatest investment regret.[3]
He lives in Bethesda, Maryland and is married to Alice Rubenstein (née Alice Nicole Rogoff), founder of the Alaska House New York and the Alaska Native Arts Foundation. They were married on May 21, 1983.[4] They have three children together.[5]
[edit] Philanthropy
Rubenstein is among the group of American billionaires who have pledged to donate more than half of their wealth to philanthropic causes or charities as part of The Giving Pledge. He has made large gifts to Duke University's Sanford School of Public Policy, the John F. Kennedy School of Government at Harvard University, Johns Hopkins University, and the University of Chicago Law School. He is a trustee of Duke, where Rubenstein Hall is named for his philanthropic gift to the school.[6] In 2011, he also donated $13.6 million to the Duke University Libraries in support of renovating the university's special collections library.[7]
He was elected to the Board of Trustees of the University of Chicago on May 31, 2007.[8]
On December 18, 2007, David Rubenstein purchased the last privately owned copy of the Magna Carta at Sotheby's auction house in New York for $21.3 million.[9] He has lent it to the National Archives in Washington D.C.[10] In 2011, Rubenstein gave $13.5 million to the National Archives for a new gallery and visitor's center.[11]
Rubenstein was elected as the next Chairman of the Board of the Kennedy Center, Washington, DC, starting in May 2010. He is Vice Chairman of the Board of the Lincoln Center for the Performing Arts, New York, and chairman of its fundraising drive. A new atrium was named for him.[12] He is on the board of regents of the Smithsonian Institution.[13]
In 2012, he donated $7.5 million towards the repair of the Washington Monument.[14][15]
[edit] Quotes
- "When history is written and people talk about the great protests, I don't think that this will be in that category."[16] --Comparing what in his view were the great civil disobedience efforts of Mohandas Gandhi and Martin Luther King to the protests by the Working Families Party concerning the tax treatment of private equity firms.
- “I analogize [private equity] to sex...You realize there were certain things you shouldn’t do, but the urge is there and you can’t resist.”[17] --speaking at Harvard Business School about the buyout bubble.
[edit] References
- ^ a b "David Rubenstein - Forbes". Forbes.com. March 9, 2011. http://www.forbes.com/profile/david-rubenstein. Retrieved May 11, 2011.
- ^ http://www.cfr.org/about/membership/roster.html?letter=R
- ^ "‘The Deal I Missed': David Rubenstein". The New York Times. June 1, 2011. http://dealbook.nytimes.com/2011/06/01/the-deal-i-missed-david-rubenstein/?src=tptw.
- ^ "D.M. Rubenstein Wed To Alice Nicole Rogoff". The New York Times. May 22, 1983. http://www.nytimes.com/1983/05/22/style/dm-rubenstein-wed-to-alice-nicole-rogoff.html.
- ^ http://today.duke.edu/2011/08/rubenstein-library
- ^ Duke trustee donates $5.75 million for public policy school
- ^ Duke Libraries Receive $13.6 Million Rubenstein Gift
- ^ http://newsdesk.si.edu/releases/si_rubenstein_regent.htm
- ^ Bone, James (2007-12-19). "Magna Carta Bought". Times of London. http://www.timesonline.co.uk/tol/news/world/us_and_americas/article3070798.ece. Retrieved 2009-02-12.
- ^ Mike Nizza (4 March 2008). "Magna Carta Returns to National Archives". The New York Times. http://thelede.blogs.nytimes.com/2008/03/04/magna-carta-returns-to-national-archives/. Retrieved 26 March 2009.
- ^ National Archives and Records Administration (June 2011). "$13.5 million gift to Foundation". Declarations (603): 3.
- ^ Trescott, Jacqueline."Carlyle Group co-founder named chairman of Kennedy Center board"The Washington Post, March 4, 2010
- ^ Ruane, Michael E. (January 18, 2012). "Billionaire philanthropist Rubenstein to give millions to help fix Washington Monument". The Washington Post. http://www.washingtonpost.com/local/billionaire-philanthropist-rubenstein-to-give-millions-to-help-fix-washington-monument/2012/01/18/gIQAPYmb9P_story.html?tid=pm_local_pop. Retrieved January 19, 2012.
- ^ Mak, Tim (January 19, 2012). "Billionaire David Rubenstein gives Washington Monument repair effort $7.5M boost". Politico. http://www.politico.com/news/stories/0112/71648.html. Retrieved January 19, 2012.
- ^ Zonger, Brett (January 19, 2012). "Washington Monument Gets $7.5M for Repairs". Associated Press. http://abcnews.go.com/US/wireStory/apnewsbreak-75m-repair-washington-monument-15390832#.TxhNlm_2bcA. Retrieved January 19, 2012.
- ^ "Carlyle's Rubenstein the subject of tax protest". Reuters.com. 2007-09-19. http://www.reuters.com/article/mergersNews/idUSN1928853320070919. Retrieved 2008-02-14.
- ^ "David Rubenstein: Buyout Bubble Was Like Sex". wsj.com. 2009-02-02. http://blogs.wsj.com/deals/2009/02/02/david-rubenstein-buyout-bubble-was-like-sex/. Retrieved 2009-02-02.
[edit] External links
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Wikimedia Commons has media related to: David Rubenstein |
- Carlyle biography of David Rubenstein
- U Chicago Chronicle article
- David Rubenstein Biography at the Wharton China Business Forum where Rubenstein was the opening keynote speaker for the 2010 event
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