David Rubenstein, an American lawyer, billionaire investor, philanthropist, and public servant, is widely recognized as one of the most successful and well-known investors in the world. As the co-founder and co-chairman of The Carlyle Group, a global private equity firm, Rubenstein has amassed a net worth of a billion as of 2023. His remarkable career in private equity and his dedication to philanthropy have made him a prominent figure in both the business and charitable sectors.
In this blog, Covemarkets will discuss David Rubenstein net worth, early life, career and much more.
|David Mark Rubenstein
|August 11, 1949
|74 years old
|Bettie and Robert Rubenstein
|None (only child)
|Baltimore, Maryland, USA
Baltimore City College, Duke University (Bachelor of Arts in Political Science), University of Chicago Law School (J.D.)
|Alice Nicole Rogoff (ex-wife), Rogoff ( present)
|Alexandra, Gabrielle, and Andrew
|Not publicly known
|$3.2 billion as of December 2022
|Source of Wealth:
Co-Founder and Co-Chairman of The Carlyle Group, Philanthropy, Authorship, Television Hosting
|Not publicly known
|Not publicly known
What is David Rubenstein Net Worth and Salary 2023
As of 2023, David Rubenstein’s net worth is estimated to be $3.2 billion. His wealth primarily stems from his successful career in private equity and his co-founding of The Carlyle Group.
Why is David Rubenstein Famous?
David Rubenstein is renowned for his role as the co-founder and co-chairman of The Carlyle Group. Established in 1987, The Carlyle Group manages an impressive $369 billion from its 29 offices worldwide. Rubenstein’s leadership and expertise have contributed to the firm’s success and established him as a prominent figure in the financial industry.
David Rubenstein Overview
Born on August 11, 1949, in Baltimore, Maryland, David Rubenstein grew up with a passion for learning and a drive for success. He attended Baltimore City College, an all-male college preparatory high school, before pursuing his higher education at Duke University.
At Duke, Rubenstein excelled academically and was elected to Phi Beta Kappa. In 1970, he graduated magna cum laude with a Bachelor of Arts in political science. Rubenstein then went on to earn his law degree from the University of Chicago Law School in 1973, where he served as an editor of the Law Review.
Career and Awards
David Mark Rubenstein, is a renowned American lawyer, billionaire investor, philanthropist, and public servant. He co-founded The Carlyle Group, one of the world’s largest and most successful private investment firms, in 1987.
As of 2023, the firm manages $369 billion from 29 offices worldwide. Rubenstein has also served as Chairman of the Boards of various prestigious institutions, including the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, and the National Gallery of Art.
Before co-founding Carlyle, Rubenstein had an illustrious career in law and public service. He practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison from 1973–1975. He then served as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments from 1975–1976.
During the Carter Administration (1977–1981), he was Deputy Assistant to the President for Domestic Policy.
Rubenstein is not just a successful businessman but also a prolific philanthropist. He is known for his Patriotic Philanthropy, making transformative gifts for the restoration or repair of numerous national monuments and institutions. He has also provided long-term loans of his rare copies of historical documents like the Magna Carta and the Declaration of Independence to the U.S. government.
In recognition of his philanthropic efforts, Rubenstein has received several awards. He is a recipient of the Carnegie Medal of Philanthropy, the MoMA’s David Rockefeller Award, and other philanthropic awards.
In 2023, he was chosen as one of the 35th annual Liberty Medal recipients by the National Constitution Center, an award given to individuals or organizations who have helped bring the benefits of liberty to people worldwide.
On the media front, Rubenstein hosts The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV and PBS and Bloomberg Wealth with David Rubenstein on Bloomberg TV.
He is also an accomplished author, with several published books under his belt, including The American Story: Conversations with Master Historians and How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.
While Rubenstein’s success in the business world is impressive, his philanthropic endeavors are equally noteworthy. He is a firm believer in patriotic philanthropy and has made transformative gifts to numerous organizations and institutions.
Rubenstein’s contributions include funding the restoration and repair of iconic landmarks such as the Washington Monument, Lincoln Memorial, Jefferson Memorial, and Monticello. He has also provided long-term loans of rare historical documents, including the Magna Carta and the Declaration of Independence, to various U.S. government institutions.
Rubenstein’s philanthropic efforts extend beyond historical preservation. He has donated millions of dollars to support education, healthcare, and the arts. His contributions to Duke University, where he served as chair of the board of trustees, have exceeded $100 million.
Additionally, Rubenstein has made substantial donations to PBS, the United States Holocaust Memorial Museum, and the Department of Otolaryngology-Head and Neck Surgery at Johns Hopkins University School of Medicine.
In his personal life, Rubenstein resides in Bethesda, Maryland. He was previously married to Alice Rubenstein, a philanthropist and former owner of Alaska Dispatch News. Rubenstein’s dedication to philanthropy is evident in his personal relationships and his commitment to making a positive impact on society.
Rubenstein and Rogoff have three adult children: Alexandra, Gabrielle, and Andrew. Gabrielle co-founded Manna Tree, a private equity firm focused on health and nutrition.
FAQs about David Rubenstein
What is David Rubenstein known for?
David Rubenstein is known for his significant role in co-founding The Carlyle Group and helping to build it into a powerhouse in the private equity industry. He is also recognized for his philanthropic efforts and his work to preserve and promote American history and culture.
What is David Rubenstein’s background?
David Rubenstein graduated from Duke University and later earned a law degree from the University of Chicago Law School. He served in various roles in the government, including as a domestic policy advisor to President Jimmy Carter, before co-founding The Carlyle Group.
What philanthropic activities is David Rubenstein involved in?
David Rubenstein is an active philanthropist. He has made significant donations to various cultural and educational institutions, including the Smithsonian Institution, the Kennedy Center, and historic sites like Monticello and the National Archives. He often focuses on projects that highlight American history and heritage.
David Rubenstein’s remarkable journey from a government official to a billionaire investor and philanthropist is a testament to his unwavering determination and passion for excellence. Through his leadership at The Carlyle Group and his extensive philanthropic contributions, Rubenstein has left an indelible mark on the business world and society as a whole.
His net worth of $3.2 billion is a testament to his exceptional investment acumen, while his philanthropic endeavors reflect his commitment to giving back and making a difference in the world. David Rubenstein’s story serves as an inspiration to aspiring entrepreneurs, investors, and philanthropists alike. Thank you for reading.
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