I am more concerned about this than any other issue". 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. Nkambule, David Rubenstein expressed fear that the private equity boom would end in January 2006: "This has been a golden age for our industry, but nothing continues to be golden forever". Īccording to A Pursuit of Wealth by Sicelo P. The firm has grown into a global investment firm with $246 billion of assets under management, with more than 1,800 employees in 31 offices on six continents. In 1987, Rubenstein founded The Carlyle Group with William E. Rubenstein (left) speaks with US Secretary of State Mike Pompeo in 2019 Rubenstein also served as a deputy domestic policy advisor to President Jimmy Carter and worked in private practice in Washington, D.C. Senate Judiciary Committee's Subcommittee on Constitutional Amendments. From 1975 to 1976, he served as chief counsel to the U.S. degree from the University of Chicago Law School in 1973, where he was an editor of the University of Chicago Law Review.īusiness career Early law career įrom 1973 to 1975, Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison. He graduated from the college preparatory high school Baltimore City College, at the time an all-male school, and then from Duke University Phi Beta Kappa and magna cum laude in 1970. His father was employed by the United States Postal Service and his mother was a homemaker. Rubenstein grew up an only child in a Jewish family in Baltimore. According to Forbes, Rubenstein has a net worth of US$4.3 billion as of October 2021.
He is chairman of the Kennedy Center for the Performing Arts, former chairman of the Smithsonian Institution, chairman of the Council on Foreign Relations, and president of The Economic Club of Washington, D.C. A former government official and lawyer, he is a co-founder and co-executive chairman of the private equity firm The Carlyle Group, a global private equity investment company based in Washington, D.C. Chairman of the Council on Foreign Relations, Co-Founder and Co-Executive Chairman of The Carlyle Group, President of the Alfalfa Clubĭavid Mark Rubenstein (born August 11, 1949) is an American billionaire businessman.