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David Rubenstein Net Worth

David Rubenstein Net Worth

David Mark Rubenstein net worth, wiki & biography:

Co-founder and Co-CEO of the global equity firm, The Carlyle Group, David Rubenstein comes with an estimated net worth of $3 billion as of March 2013 according to Forbes. He is #458 in Forbes Billionaires List, #150 in the United States, and # 250 in Forbes 400 List by 2012. He is one of the most affluent people in Maryland. He graduated in the college preparatory high school Baltimore City College and from Duke University in 1970 as magna cum laude.

David Rubenstein Net Worth $3 Billion

Rubenstein practiced law from 1973 to 1975 in NY with Paul, Weiss, Rifkind, Wharton & Garrison. Before he started Carlyle in 1987 with William E. Conway Jr. and Daniel A. D’Aniello, he was a domestic policy advisor to President Jimmy Carter and has worked in private practice in Washington, D.C. Carlyle Group leveraged ties to politically connected advisors such as former President George H.W. Bush and former British Prime Minister John Major to purchase defense businesses, fix them up and sell at a profit. In the 3rd quarter of 2012 alone, the business reaped net income of $5.1 billion from 117 deals implemented.

In 2011, Mr. Rubenstein contributed $13.5 million to the Foundation for the National Archives. In January 2012, Mr. Rubenstein said he’d give $7.5 million to help fix the quake-damaged Washington monument. Rubenstein also gave $15 million to Duke to fund the university’s Innovation and Entrepreneurship Initiative. Along with Bloomberg CEO Dan Doctoroff and Bloomberg Philanthropies, he pledged in February 2013 a combined $25 million towards locating a cure for ALS (Lou Gehrig’s disease).

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