Son of a postalworker, the Baltimore native served as assistant to President Carter for domestic policy before co-founding the Carlyle Group in 1987.
The Carlyle Group began investing in real estate in the late 1990s and now manages more than $200B (approximately $15B of which is in real estate) from more than 40 offices worldwide. The company’s eight real estate funds focus on investment opportunities in Asia, Europe, and the US.
David Rubenstein has pledged to donate more than half of his fortune to philanthropic causes as part of The Giving Pledge. He also is renowned in DC for footing the bill for half of the post-2011-earthquake repairs of the Washington Monument by himself.