David Bonderman

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David Bonderman
David Bonderman.jpg
Bonderman at the Web Summit in 2016
Born (1942-11-27) November 27, 1942 (age 75)
Los Angeles, California, U.S.
Residence Fort Worth, Texas, U.S.
Nationality American
Education University High School
Alma mater University of Washington
Harvard Law School
Occupation Co-founder of Texas Pacific Group
Employer TPG Capital (formerly Texas Pacific Group)
Net worth US$ 2.5 billion (June 2017)[1]
Spouse(s) Laurie Michaels
Children 5

David Bonderman (born November 27, 1942) is an American billionaire businessman. He is the founding partner of TPG Capital (formerly Texas Pacific Group), and its Asian affiliate, Newbridge Capital.

Early life and education[edit]

Bonderman was born to a Jewish family,[2] in Los Angeles on November 27, 1942, and was educated there at University High School.[3] Bonderman studied at the University of Washington, where he graduated Phi Beta Kappa in 1963, and at Harvard Law School, where he graduated magna cum laude in 1966. He was also a member of the Harvard Law Review and a Sheldon Fellow. While at or shortly after his time at Harvard, he traveled to Cairo, Egypt, to study Islamic Legal Jurisprudence and Law, and became proficient in various Islamic legal cliques developing a near-native fluency in Modern Standard Arabic. Later, Bonderman developed the Bonderman Fellows program at the University of Washington providing undergraduate and graduate students with opportunities for unstructured international travel and study.

Career history[edit]

Bonderman was an assistant professor at Tulane University Law School during 1967 and 1968; he then was a special assistant to the United States Attorney General during 1968 and 1969.[4] In 1971, he joined the law firm of Arnold & Porter in Washington, D.C.,[5] where he became a partner and specialized in corporate, securities, bankruptcy and antitrust litigation.[4] In 1983, he joined the Robert M. Bass Group, Inc. (RMBG),[5] which now does business as Keystone Inc., and become the chief operating officer.[4] Bonderman has been a principal at TPG Capital in Fort Worth, Texas, since December 1992, where he is also co-founder and chairman.[4]

In 2008, Bonderman was named as one of the investors of what became the T-Mobile Arena in Las Vegas.[6]

As of 2007, Bonderman was a director of Continental Airlines, Inc., Böwe Bell & Howell Co., Ducati Motorcycles S.P.A., Credicom Asia, the National Education Corp., Beringer Wine Estates, Carr Realty Co., Virgin Cinemas, Ltd., CoStar Group, Inc., GemAlto N.V., Ryanair Holdings, Inc. and Ryanair, Ltd. He has been the chairman of Ryanair Holdings and Ryanair Limited since December 1996.[7] He is on the boards of The Wilderness Society, the Grand Canyon Trust, the World Wildlife Fund, The University of Washington Foundation and the American Himalayan Foundation. He previously served on the boards of Washington Mutual, Inc., American Savings Bank, Denbury Resources, Inc. and Burger King Holdings, Inc. He was a board member of Uber until he resigned from that position in June 2017.[8]

On June 13, 2017, Bonderman resigned from the Uber board amidst controversy surrounding a sexist response to fellow board member Arianna Huffington during a company all-hands meeting.[9] "There’s a lot of data that shows when there’s one woman on the board, it’s much more likely that there will be a second woman on the board," said Huffington. Bonderman replied, "actually, what it shows is that it's much more likely to be more talking." The Uber meeting was, among other things, slated to discuss efforts to reign in a toxic and sexist culture at the company.[10][11][12]

Personal life[edit]

Bonderman is married to Dr. Laurie Michaels;[13] they have five children, and live in Fort Worth, Texas.[1]

In 2002, for his 60th birthday, Bonderman had The Rolling Stones and John Mellencamp play at his birthday party at The Joint at Hard Rock Hotel and Casino in Las Vegas. John Mellencamp played for an hour, The Rolling Stones played for an hour and a half, and comedian Robin Williams entertained guests between acts. The party cost $7 million, making it one of the most expensive private concerts ever held.[14]

In 2012, for his 70th birthday party, Bonderman held a private concert by former Beatle Paul McCartney at Wynn Las Vegas for 1020 guests. Robin Williams also performed a comedy routine. Bonderman donated $1000 to each guest's charity of choice.[15]

References[edit]

  1. ^ a b Forbes: The World's Billionaires - David Bonderman June 10, 2017
  2. ^ Taub, Orna, "TPG Sells Shares of Indian Company – Win-win for Everybody!", Jewish Business News, March 26, 2013
  3. ^ Bryant, Adam (November 11, 1992). "Deal Maker Takes Aim at Skies". New York Times. Retrieved November 5, 2016. 
  4. ^ a b c d "Executive Profile - David Bonderman J.D". bloomberg.com. Retrieved June 14, 2017. 
  5. ^ a b Steffy, Loren (March 1, 1988). "Bonderman rides to rescue of corporate wrecks". The Journal News. White Plains, New York. Bloomberg News. Retrieved June 14, 2017 – via newspapers.com. 
  6. ^ Kantowski, Ron (September 15, 2008). "Report: Harrah's out as proposed arena partner". Las Vegas Sun. 
  7. ^ "The Management Team Biographies". ryanair.com. Archived from the original on June 16, 2007. Retrieved June 14, 2017 – via Wayback Machine. 
  8. ^ "Uber Confirms That It Raised $258M From Google Ventures And TPG". TechCrunch. August 23, 2013. Retrieved April 5, 2017. 
  9. ^ "Uber director David Bonderman resigns from board following comment about women". Muslim Global. Retrieved 14 June 2017. 
  10. ^ Isaac, Mike (2017-06-13). "David Bonderman Resigns From Uber Board After Sexist Remark". The New York Times. ISSN 0362-4331. Retrieved 2017-06-14. 
  11. ^ Bensinger, Greg (June 13, 2017). "David Bonderman Resigns From Uber Board in Wake of Disrespectful Comment". The Wall Street Journal. Retrieved June 14, 2017. 
  12. ^ Benner, Katie, and Mike Isaac, "As Uber Leaders Step Aside, Arianna Huffington’s Influence Grows", New York Times, July 17, 2017. Retrieved 2017-06-18.
  13. ^ Osberger, Madeleine (November 21, 2012). "Paul McCartney helps Wildcat Ranch homeowner celebrate his 70th". Aspen Business Journal. Archived from the original on October 6, 2013 – via Wayback Machine. 
  14. ^ Benjamin, Klauder (July 2009). "Legendary Billionaire Parties". ninemsn. Archived from the original on July 16, 2009 – via Wayback Machine. 
  15. ^ Lattman, Peter (November 19, 2012). "Tough Times? You Wouldn't Know at Party for Private Equity Titan". The New York Times. Retrieved November 21, 2012. 

Further reading[edit]

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