David Rubenstein Biography

David Rubenstein is a millionaire businessman who worked as a lawyer and financial analyst before becoming a billionaire. He co-founded and serves as a co-executive chairman of the Washington, D.C.-based private equity business “The Carlyle Group.” Rubenstein is also the president of The Economic Club of Washington, D.C., as well as the chairman of the Smithsonian Institution, the Kennedy Center for the Performing Arts, and the Council on Foreign Relations.

He is a well-known financier and philanthropist who spends some of his time speaking with other leaders on their journeys to success.

He’s also part of a group of people who have pledged to donate more than half of their money to charity and humanitarian activities as part of The Giving Pledge program.

How old is David Rubenstein? – Age

He was born on 11 August 1949 in Baltimore, Maryland, U.S. He is 73 years as of 2022.

Where did David Rubenstein go to school? – Education

He joined Phi Beta Kappa at Duke University after high school and graduated with honors in 1970 magna cum laude.
He then applied to a variety of colleges and was accepted on a scholarship to the University of Chicago Law School. He received his J.D. from the university in 1973 and worked as an editor for the University of Chicago Law Review.

David Rubenstein – Family

He has also given to a number of universities, foundations, and other organizations on his own.

Rubenstein was born and reared in Baltimore, a low-income neighborhood, as the only child of a postman with the United States Postal Service and a stay-at-home mother. He was raised as a devout follower of the Jewish faith. David’s ambition became to serve in public office once President John F. Kennedy was inaugurated. According to David, John F. Kennedy’s famous phrase “Ask not what your nation can do for you, ask what you can do for your country” struck a chord with him, prompting him to pursue a career in politics.

His family’s income prevented him from attending college, so he relied on scholarships to further his education.

David Rubenstein Wife – Where does Rubenstein live?

Rubenstein was married to Alice Rubenstein, the creator of the Alaska House New York and the Alaska Native Arts Foundation, as well as the previous owner of the Alaska Dispatch News, and lives in Bethesda, Maryland. They met while working for President Jimmy Carter and married on 21 May 1983. Alexandra, Gabrielle, and Andrew are the couple’s three children. Gabrielle, his daughter, launched Manna Tree, a health and nutrition private equity firm. On 8 December 2017, the couple announced their divorce.

David Rubenstein's photo
David Rubenstein’s photo

How did Rubenstein make his money?

After graduating from college, Rubinstein joined the New York legal firm “Paul, Weiss, Rifkind, Wharton & Garrison.” He spent two years there before opting to pursue a career in international politics. He began his career as the chief attorney for Senator Birch Bayh. Rubinstein received a job during Jimmy Carter’s campaign, and after Carter won office in 1977, David became the deputy assistant to the President for domestic policy. Rubinstein lost his job four years later when Carter failed his re-election bid.

Rubenstein was jobless for six months after his dramatic job loss before returning to practice law. He picked up a newspaper one day and read an article about how William Simon, the former US Deputy Treasury Secretary, bought Gibson Greeting Cards in a leveraged buyout with $79 million in debt and $1 million of his own money. He rebuilt the company around and sold it for $290 million to a public company. This narrative motivated him, and he set out to assemble a team of finance professionals with the goal of launching a private equity firm with him as the legal consultant.

Rubenstein couldn’t locate anyone who was interested in launching a new business at first.
He did, however, form a private equity firm with two other people in 1987. The Carlyle Group was called after the Carlyle Hotel in New York, where they had some of their first meetings.

Who owns The Carlyle Group?

Carlyle Group’s three founding partners, David M. Rubenstein, Daniel A. D’Aniello, and William E. Conway Jr., possess the majority of the company’s shares. Carlyle Group is a global asset management firm that oversees billions of dollars in assets for its clients in the United States and abroad.

David Rubenstein Books and Television Show

Rubenstein has written a book titled “The American Story: Interviews with Master Historians,” which was published by Simon & Schuster in October 2019. This book contains transcripts of interviews with historians who relate stories about their fields of expertise.

Since October 2016, David has also hosted The David Rubenstein Show: Peer to Peer Conversations on Bloomberg Television. The show is also available on CuriosityStream and on PBS stations across the country.

Is David Rubenstein still married? – Ex-wife and Children

Mr. Rubenstein has divorced his wife. From May 21, 1983, when the two married, through 8 December 2017, when their divorce was formalized, he was married to Alice Rubenstein. Alice is the creator of the Alaska Native Arts Foundation and the Alaska House New York, as well as the previous owner of Alaska Dispatch News.

David and Alice Rubenstein met at the Carter Administration, where they both worked at the time. The couple has three grown children, Gabrielle, Alexandra, and Andrew, as a result of their marriage. Mr. Rubenstein presently lives in Bethesda, Maryland, in the United States.

How much did David Rubenstein pay for the Magna Carta?

Magna Carta (“Great Charter”), sometimes known as Magna Carta Libertatum (“Great Charter of Freedoms”), is an English royal charter of rights signed on June 15, 1215, by King John of England. The Great Charter of Freedoms was a vow to safeguard church privileges, and barons from illegal detention, assure prompt justice and limit feudal payments to the Crown, and it was to be implemented by a council of 25 barons.

Only two exemplifications of the Magna Carta are held outside of England. One is owned by the Australian government and was purchased for £12,500 from King’s School in Bruton, England.
The earls of Cardigan, the Brudenell dynasty, owned the other exemplification outside of England until 1984 when they sold it to the Perot Foundation in the United States.

Rubenstein paid $21.3 million for the final privately held copy of the Magna Carta in 2007 at Sotheby’s auction house in New York. He stated that after the purchase, “Despite the fact that it was not written in our country, I have always considered that this was a significant document for our country. It was, in my opinion, the foundation for both the Declaration of Independence and the Constitution “.. He then loaned the paper to the National Archives in Washington, D.C. on a permanent basis.

David Rubenstein Nantucket House

David Rubenstein, a $4.5 billion American billionaire, owns the 13-acre estate. He is a co-founder of Washington, D.C.-based private equity firm The Carlyle Group.

What is Rubenstein’s Salary?

He is paid an estimated salary of $281,875 a year.

Rubenstein’s Net Worth

His net worth is predicted to be $4.1 million.

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