David M Rubenstein Popular Books

David M Rubenstein Biography & Facts

David Mark Rubenstein (born August 11, 1949) is an American billionaire lawyer, businessman, investor, philanthropist and sports team owner. A former government official, he is a co-founder and co-chairman of the private equity firm The Carlyle Group, a global private equity investment company based in Washington, D.C. Additionally, he is the owner of the Baltimore Orioles. Rubenstein is the chairman of the Kennedy Center for the Performing Arts, the National Gallery of Art, the Council on Foreign Relations, and The Economic Club of Washington, D.C. He is the former chairman of the Duke University Board of Trustees and the Smithsonian Institution. In 2022, he became chair of the University of Chicago's Board of Trustees. According to Forbes, Rubenstein has a net worth of US$3.2 billion as of December 2022. He leads a group that has reached an agreement to acquire the Baltimore Orioles. Early life and education Rubenstein grew up as an only child in a modest Jewish family in Baltimore. His father's family immigrated to the United States from Ukraine. His father was a United States Postal Service file clerk, and his mother was a homemaker and then began working in a dress shop when he was six years old. He later recalled: "When I was young, Baltimore was a religiously segregated city. The Jews were in the northwest part of town, and it was very much a ghetto situation. I was 13 before I realized everyone in the world was not Jewish. Up to that point, everyone I knew was Jewish." He had a bar mitzvah ceremony. Rubenstein graduated from the college preparatory high school Baltimore City College, an all-male school at the time. He then attended Duke University, where he was elected to Phi Beta Kappa and graduated magna cum laude with a Bachelor of Arts in political science in 1970. He earned his J.D. from the University of Chicago Law School in 1973, and was an editor of the University of Chicago Law Review. Career Early law career From 1973 to 1975, Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison. From 1975 to 1976, he served as chief counsel to the U.S. Senate Judiciary Committee's Subcommittee on Constitutional Amendments. Rubenstein also served as a deputy domestic policy advisor to President Jimmy Carter and worked in private practice with Shaw, Pittman, Potts & Trowbridge in Washington, D.C. The Carlyle Group In 1987, Rubenstein founded The Carlyle Group with William E. Conway Jr. and Daniel A. D'Aniello. The firm has grown into a global investment firm with $293 billion of assets under management, with more than 1,800 employees in 31 offices on six continents. In 2006, Rubenstein expressed fear that the private equity boom would end, saying, "This has been a golden age for our industry, but nothing continues to be golden forever." One month later, he said, "Right now we're operating as if the music's not going to stop playing and the music is going to stop. I am more concerned about this than any other issue". According to Phiwa Nkambule, "These concerns proved to be right, as at the end of 2007, the buyout market collapsed... As leveraged loan activity came to an abrupt stop, private equity firms were unable to secure financing for their transactions." However, Rubenstein's outlook quickly rebounded, and in 2008, he said,"But once this period is over, once the debt on the books of the banks is sold and new lending starts, I think you'll see the private equity industry coming back in what I call the Platinum Age – better than it's ever been before. I do think that the private equity industry has a great future and that the greatest period for private equity is probably ahead of us." Reflecting on this period in 2018, Rubenstein argued that "actually most the deals done in the heydey of the Great Recession pretty much worked out," and that the private equity industry had been "strengthened so much so that now it’s the greatest time we’ve ever had to raise money." Rubenstein has said that he was once offered the opportunity to meet Mark Zuckerberg (and invest in Facebook) before he dropped out of Harvard but decided against it, and this is his single greatest investment regret. Rubenstein also said that he turned down a 20% stake in Amazon during the very early years of the company. He told Amazon founder Jeff Bezos that if he got lucky and everything worked out he would at most be worth $300 million. In 2018, he formed Declaration Capital, a family office focused on venture, growth, real estate, and family-owned businesses. Books In October 2019, Rubenstein's first book was published. Called The American Story: Interviews with Master Historians (Simon & Schuster), the book features interviews with historians talking about their areas of historical expertise. Among others, Rubenstein interviews David McCullough on John Adams, Jon Meachem on Thomas Jefferson, Ron Chernow on Alexander Hamilton, and Walter Isaacson on Benjamin Franklin. His second book, How to Lead, was published by Simon & Schuster in September 2020. This book contains Rubenstein's reflections on leadership as well as 30 interviews with business, government, military, sports and cultural leaders. In September 2021, Simon and Schuster published Rubenstein's third book, The American Experiment, which describes how America's government and democratic ideals have evolved over the centuries as told through the lives of Americans who have embodied the American dream. Television show and podcast host Rubenstein hosts two shows on Bloomberg Television: The David Rubenstein Show: Peer to Peer Conversations and Bloomberg Wealth with David Rubenstein. Peer to Peer, which began airing in October 2016, also airs on many PBS stations and is available on Curiosity Stream. He also hosts History with David Rubenstein on PBS, a TV show produced by the New-York Historical Society. Rubenstein also hosts the audio podcast "For the Ages", also produced by the New-York Historical Society. Purchase of Baltimore Orioles In December 2023, Rubenstein was reported to be among potential buyers for the Baltimore Orioles. Rubenstein previously considered buying the Washington Nationals. In 2023, Forbes valued the team at $1.7 billion. Following the reports, Orioles CEO John P. Angelos called Maryland Governor Wes Moore to say that the Angelos family did not plan on selling the team. On January 30, 2024, Rubinstein and a group that includes New York investor Michael Arougheti and Cal Ripken Jr. reached a $1.725 billion deal to acquire the Orioles. Approved by the league's owners in 2024, the group acquired 40% of the team and the remainder after Peter Angelos' death. Personal life Rubenstein lives in Bethesda, Maryland, and was married to Alice Rogoff, founder of the Alaska House New York and the Alaska Native Arts Foundation and former owner of Alaska Dispatch News. They met while both were working for the Carter Administration and married on May 21, 1983. The couple d.... Discover the David M Rubenstein popular books. Find the top 100 most popular David M Rubenstein books.