Fact-checked by Grok 2 weeks ago

David Rubenstein

David M. Rubenstein (born August 11, 1949) is an American investor, philanthropist, author, and interviewer who co-founded and serves as co-chairman of , a global private equity firm that manages approximately $465 billion in assets. A native raised in a modest Jewish family, Rubenstein graduated from and the before working as a advisor in the Carter and later as a . In 1987, he established in , initially focusing on leveraged buyouts and government-related investments, which expanded into one of the world's largest alternative asset managers through strategic acquisitions and a network of influential partners. Rubenstein has directed substantial philanthropic efforts toward preserving American history and culture, including multi-million-dollar donations to restore national monuments such as the and , and acquiring rare documents like the and for public display and loan to institutions including the Smithsonian and . He signed in 2010, committing the majority of his wealth to charity, and has supported educational initiatives at universities like and , as well as cultural organizations including the Kennedy Center and . Rubenstein hosts The David Rubenstein Show on , conducting in-depth interviews with global leaders, and in 2024 purchased the Baltimore Orioles MLB franchise for $1.725 billion, pledging reinvestments into the team and community.

Early Life and Education

Upbringing and Family Background

David Mark Rubenstein was born in 1949 in , , as the only child of a modest Jewish family. His parents provided a stable but working-class environment in a city characterized by , where Jewish communities maintained distinct enclaves. The family initially lived in a row house on Beaufort Avenue in a predominantly Jewish neighborhood before relocating to Fallstaff, a working-class area with strong communal ties. Rubenstein's father worked as a file clerk for the , earning no more than $7,000 per year throughout his career, while his mother served as a homemaker until Rubenstein turned six, after which she took a job in a dress shop to supplement the household income. This blue-collar background instilled values of and , common in Baltimore's Jewish circles, where the family attended and emphasized intellectual achievement amid limited financial resources. The Rubenstein household reflected the broader socioeconomic patterns of mid-20th-century Baltimore's Jewish population, marked by aspirations for upward mobility through schooling rather than inherited wealth. Despite the constraints of their circumstances, Rubenstein's parents prioritized his opportunities, fostering an environment that valued and learning over material excess.

Academic and Early Professional Influences

Rubenstein earned a degree in from in 1970, graduating magna cum laude and earning election to for his academic excellence. His studies at Duke fostered an early interest in governance, influenced by his childhood admiration for President , which sparked a lifelong aspiration toward and policy-making. In 1973, Rubenstein obtained his from the , where he served as an editor on the University of Chicago Law Review due to his strong scholarly performance; he attended on a full-tuition scholarship secured after a late application. The rigorous legal training at Chicago emphasized analytical reasoning and , aligning with his political inclinations and preparing him for roles blending law and government. Following graduation, Rubenstein joined the New York law firm in 1973, practicing corporate and litigation law until 1975. This early exposure to high-stakes legal work in a prestigious firm honed his skills and introduced him to influential networks in and , though his primary drive remained rooted in ambitions rather than private practice longevity.

Professional Career

Government Service and Early Law Practice

Following his graduation from the University of Chicago Law School in 1973, Rubenstein joined the New York law firm , where he practiced from 1973 to 1975. During this period, he handled general legal work but grew interested in , prompting a shift toward government service. Rubenstein contributed to Jimmy Carter's 1976 presidential campaign and subsequent transition team, developing a close working relationship with Carter's domestic policy advisor Stuart Eizenstat. Upon Carter's inauguration in January 1977, Rubenstein was appointed Deputy Assistant to the President for , serving in the Staff until January 1981. In this role, he advised on issues including , , and urban development, participating in interagency coordination and legislative strategy amid economic challenges like . After leaving the , Rubenstein returned to private practice in , joining the firm Shaw, Pittman, Potts & Trowbridge (later ) in 1981. He focused on corporate transactions, government contracts, and regulatory matters, becoming a by 1987. This period honed his expertise in deal-making and policy intersections, setting the stage for his later venture into .

Founding and Leadership of The Carlyle Group

David M. Rubenstein co-founded in 1987 in , alongside and , establishing it initially as a merchant banking firm focused on advising clients on leveraged buyouts and investments in sectors like defense and government-related industries. The firm began operations with $5 million in initial capital, leveraging Rubenstein's prior experience as a domestic policy advisor in the Carter administration and his subsequent law practice to build connections in policy circles that facilitated early deal flow. Rubenstein, who served as the public face of the firm, emphasized a strategy rooted in 's proximity to political and regulatory power, naming the firm after the historic Carlyle House to underscore its capital location and focus on opportunistic investments. Under his direction, Carlyle transitioned from advisory services to direct investments, targeting undervalued assets in , , and consumer sectors, which laid the groundwork for its expansion into a global alternative asset manager. As co-chief from until 2017, Rubenstein oversaw the firm's growth from a small to managing over $465 billion in assets by mid-2025, implementing a model that attracted institutional investors through consistent returns and diversified fund strategies. He then transitioned to co-chairman, continuing to influence strategic decisions, board governance, and global outreach while maintaining a focus on long-term value creation via operational improvements in portfolio companies. This emphasized merit-based deal selection and , contributing to Carlyle's reputation as one of the largest firms worldwide.

Carlyle Group's Investment Strategies and Growth

The Carlyle Group, co-founded by David Rubenstein in 1987 as a -based investment boutique, initially concentrated on leveraged buyouts targeting sectors with strong ties to and , leveraging the founders' and regulatory expertise. Early investments emphasized , , and services, where the firm committed over $12 billion across more than 45 transactions by 2025, capitalizing on stable revenue streams from U.S. military contracts and technological innovations. This approach involved acquiring undervalued companies, implementing operational enhancements through active management partnerships, and exiting via sales or public offerings to generate returns. Over time, Carlyle's strategies diversified beyond core into a multi-asset platform, incorporating , , , and natural resources while maintaining a buyout focus in . The firm prioritizes industries offering competitive edges through specialized knowledge, such as industrials, consumer and retail, , healthcare, and , applying disciplined capital deployment and value-creation tactics like strategic divestitures and ESG integration in select deals. By partnering with portfolio company to drive efficiency and growth, Carlyle aims for long-term appreciation rather than short-term flips, adapting to structural market shifts like rising defense tech demand. Growth accelerated through global expansion, establishing 27 offices across and scaling to over 2,300 professionals by , which enabled broader deal sourcing and investor diversification serving 3,200 clients from 86 countries. expanded from modest beginnings to $465 billion, reflecting compounded annual growth exceeding 15% in recent years via new fundraises, acquisitions, and product innovations like solutions for wealth channels. This trajectory included a public listing and strategic entries into emerging markets, transforming the firm into one of the world's largest alternative asset managers with 652 investment vehicles. Under Rubenstein's co-leadership, such scaling emphasized opportunistic capital allocation amid evolving economic cycles, though reliant on leverage and exit markets for realizations.

Notable Deals and Financial Successes

Under Rubenstein's co-leadership, expanded from deal-by-deal fundraising to managing permanent capital pools, enabling larger-scale investments that drove substantial returns for limited partners. The firm's inaugural fund, raised in 1990 for $100 million, facilitated acquisitions across multiple sectors and established a track record for value creation through operational improvements and strategic repositioning. This approach contributed to Carlyle's evolution into a diversified alternative asset manager, with reaching $465 billion as of June 30, 2025, spanning , credit, and real assets. The 2012 of Carlyle generated $671 million in proceeds, providing liquidity to early stakeholders and funding further growth amid a maturing landscape. A landmark transaction was the 2005 consortium-led buyout of Hertz Corporation from for approximately $15 billion, co-sponsored by Carlyle alongside and Merrill Lynch Global . The deal, completed in early 2006, exemplified Carlyle's focus on mature, cash-generative businesses amenable to leverage and efficiency gains; the group later monetized its stake through secondary share sales, including a 2013 block of 49.8 million shares at $24.96 each, prior to Hertz's subsequent financial challenges. Such high-profile leveraged buyouts in the mid-2000s era underscored Carlyle's ability to syndicate large transactions and navigate competitive bidding, though outcomes varied based on macroeconomic conditions and execution. Carlyle's activity has yielded significant realized gains, with dealmakers receiving $1.41 billion in performance-related profits from realizations in 2021 alone—a 315% increase from the prior year—driven by favorable market conditions and portfolio maturation. Examples include full exits from niche operators like Transics, a fleet management software provider sold in 2008 after operational enhancements, and SmartTrust, a firm divested in 2009 following product expansion. More recently, in June 2025, Carlyle fully exited its 10.2% stake in , a healthcare firm, via a bulk deal fetching ₹1,447 (approximately $173 million), capitalizing on post-IPO appreciation. These realizations, aggregated across over 1,200 historical exits, have underpinned the firm's compounded returns, though individual deal performance depends on sector cycles and leverage risks inherent to .

Criticisms of Private Equity Model and Carlyle Practices

Critics of the model argue that leveraged buyouts (LBOs) inherently prioritize short-term over long-term operational health, loading acquired companies with substantial debt—often 60-90% of the purchase price—to amplify returns for investors while shifting risk to the target firm's and stakeholders. This debt service demands aggressive cost reductions, including layoffs and asset sales, which empirical analyses link to slower growth at LBO targets compared to non-LBO peers; a U.S. review of studies from 1980-2005 found net lower job growth over five years post-buyout, with initial years showing pronounced declines due to . While some research highlights gains from operational efficiencies, offsetting average effects, localized outcomes include higher rates and wage reductions for workers at buyout firms, as debt overhang constrains reinvestment and forces labor cost compression. Default risks escalate under this model, with post-LBO debt-to-equity ratios rising markedly—evident in cases like , where debt ballooned to nearly $3 billion and interest expenses surged from $12.4 million in 2005 to $259.8 million in 2007—though aggregate historical default rates remain below those of comparable public firms. Proponents counter that disciplined management mitigates over-leveraging, but critics, including regulators and academics, contend the structure incentivizes extracting value via dividends and fees rather than sustainable growth, contributing to sector-wide bankruptcies during credit contractions, as seen in the 2008-2009 downturn. The , co-founded by David Rubenstein in 1987, has drawn specific rebukes for practices amplifying these model flaws, notably through "" hiring of former U.S. officials to influence defense contracts and s. Carlyle recruited figures like former Secretary of Defense and President as advisors, facilitating stakes in military contractors such as Industries, which yielded a $180 million returning over 1,000% amid post-Cold War procurement; critics from investigative outlets assert this blurred public-private lines, enabling undue access to policy levers for profit. A prominent controversy involved the Bin Laden family's 1994 $2 million investment in Carlyle's Partners II fund, targeting aerospace and defense firms, which was liquidated in late October 2001 shortly after the ; while the family publicly disavowed , detractors speculated the timing allowed indirect gains from escalated U.S. military outlays, fueling perceptions of opportunistic despite Carlyle's divestment. In healthcare, Carlyle's 2007 orchestration of HCR ManorCare's $6.1 billion buyout—America's second-largest chain—preceded a sharp uptick in violations, with state inspections documenting rises in overdoses, bedsores, and fractures linked to staffing cuts and debt-driven efficiencies, per federal data showing deficiencies doubling post-acquisition. Carlyle defenders attribute such issues to broader industry pressures, but the episode exemplifies how PE incentives can compromise care quality in .

Media Ventures, Authorship, and Public Engagements

David Rubenstein hosts The David Rubenstein Show: Peer to Peer Conversations, which premiered on on October 17, 2016, and airs on stations, featuring interviews with influential figures on their career paths and leadership insights. He also presents History with David Rubenstein on , engaging acclaimed historians such as Robert A. Caro and in discussions of American history. In 2025, launched Longevity with David Rubenstein on July 22, examining advancements in medical research, pharmaceuticals, and wellness practices. Additionally, Wealth with David Rubenstein on delves into investment tactics through conversations with prominent investors. Rubenstein has authored several New York Times bestselling books drawing from his interviews and reflections. How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Other Leaders, published in September 2020 by , compiles advice from business executives. The American Experiment: Essays on the Unique and Exceptional Aspects of the United States, released in September 2021, analyzes foundational elements of governance and ideals. His 2024 book, The Highest Calling: Conversations on , published on September 10, features dialogues with former presidents and experts on the executive role. Rubenstein participates in numerous public engagements, including speeches at universities like and the University of Maryland's Robert H. Smith School of Business. He has appeared on CBS's for discussions on economic and political topics, as in his December 29, 2024, interview. Other events include moderated conversations at the on the presidency in September 2024 and forums hosted by the George & Foundation. These engagements often focus on , leadership, and historical preservation.

Sports Ownership

Acquisition and Management of the Baltimore Orioles

In January 2024, David Rubenstein led an investment group that agreed to purchase a controlling interest in the Orioles from the Angelos family for $1.725 billion, marking the third-highest valuation for an MLB franchise sale at the time. The group included co-founder and CEO Michael Arougheti, industrialist , former Orioles legend Cal Ripken Jr., NBA executive , and others, with the Angelos family initially retaining a minority stake. Rubenstein, a native, emphasized his intent to restore the franchise's competitiveness, citing childhood memories of attending games at Memorial Stadium. The sale received unanimous approval from MLB owners on March 27, 2024, following clearance from the Maryland Stadium Authority. Rubenstein's group assumed majority control upon closing the deal, and on August 1, 2024, acquired the remaining Angelos shares to gain full ownership of the team and its assets, including a stake in the Mid-Atlantic Sports Network. Under Rubenstein's ownership, increased their payroll to over $150 million for the 2025 season, signaling a shift toward higher spending to contend for championships. He committed to stadium enhancements at , including a new sound system operational before the 2025 season and phased renovations thereafter to modernize the 33-year-old facility while preserving its historic charm. Rubenstein expressed support for general manager , discussing player extensions and prospect development, though the 2025 season saw challenges from league-leading injuries and a slow start, prompting some calls for greater front-office . Rubenstein has reiterated a focus on long-term success over profit, stating intentions to pursue extensions for young stars like and as part of building a sustained winner. In his first full offseason, the team made targeted additions, though fan reactions varied amid expectations for aggressive spending.

Philanthropic Activities

Historic Document Acquisition and Preservation

David Rubenstein has acquired several foundational American and British historical documents at auction, subsequently loaning them to public institutions to ensure their preservation, public display, and educational accessibility, often preventing their export or private hoarding. His strategy emphasizes retaining private ownership while committing to long-term loans, which facilitates climate-controlled storage, conservation expertise, and broad visitation not always feasible for private collectors. In December 2007, Rubenstein purchased one of four surviving 1297 exemplifications of the for $21.3 million at in , marking the highest price for a historical document at the time and securing the only such copy in private U.S. hands. He placed it on permanent loan to the , where it anchors the David M. Rubenstein Gallery, opened in 2013 and featuring rotating exhibits on constitutional rights; the document underwent re-encasement in 2010 for enhanced preservation. Rubenstein acquired a copy of the , the first book printed in in 1640, for $14.165 million at in November 2013, setting a record for the most expensive printed book sold at auction. One of only 11 extant copies with its original , it is displayed and preserved at the David M. Rubenstein Rare Book and Manuscript Library at , which benefits from his broader philanthropic support for archival infrastructure. In June 2013, he bought the earliest newspaper printing of the Declaration of Independence, from the July 6, 1776, Pennsylvania Evening Post, for $632,500, adding it to his collection of Revolutionary-era artifacts loaned to institutions like the and . He has also obtained a rare copy of the and the 13th Amendment, loaning them to the Smithsonian's National Museum of African American History and Culture, and a 1790 broadside of the Bill of Rights, displayed at the since 2022, underscoring his focus on documents tied to liberty and emancipation. These loans extend to exhibitions at state archives, such as a 2021 display of four early American documents in , enhancing regional preservation efforts.

Support for Educational Institutions and Healthcare

Rubenstein has directed substantial philanthropic resources toward higher education, focusing on scholarships, facilities, and programs at institutions including his alma maters. In 2017, he donated $20 million to to endow the David M. Rubenstein Scholars Program, which provides full financial aid, academic advising, and professional development to first-generation college students from low-income backgrounds, selecting up to 10 recipients annually through a competitive process. At the , his $10 million gift in 2010 established the David M. Rubenstein Scholars Program, funding full-tuition scholarships for approximately 60 incoming students over time to support merit-based access to . He has also contributed to Duke's Perkins Library renovations in 2011, renaming it the David M. Rubenstein Rare Book and Manuscript Library, and supported fellowships and internships at Duke's Sanford School of Public Policy in 2013. Additional educational support includes ongoing scholarships for over 100 , public high school seniors since 2008 through the David M. Rubenstein/Economic Club Scholarship Program, alongside annual educator awards of $5,000 to $10,000 for outstanding D.C. public school teachers and staff. At Harvard University's Kennedy School of Government, Rubenstein has funded loan forgiveness initiatives since 2004, joint programs with the in 2008, and campus reconstruction efforts in 2016, cumulatively exceeding tens of millions in commitments to enhance training and infrastructure. In healthcare, Rubenstein has prioritized pediatric care and specialized medical research as a trustee of and Johns Hopkins Medicine. His $5 million donation in 2006 facilitated the construction of the David M. Rubenstein Child Health Building at , housing pediatric specialty clinics and expanding access to child health services. In 2015, he committed $15 million to the Johns Hopkins University School of Medicine's Department of Otolaryngology-Head and Neck Surgery, establishing the David M. Rubenstein Center for Hearing Research and Clinical Care to advance treatments for through endowed professorships and research projects. Rubenstein further supported with the 2012 launch of the David M. Rubenstein Center for Research at , providing initial funding for targeted therapies and genomic studies in , followed by additional contributions in 2015 to sustain ongoing initiatives. These efforts reflect a pattern of targeted giving to institutions with established research capabilities, emphasizing infrastructure and specialized programs over broad operational funding.

Contributions to Cultural, Arts, and Historical Sites

Rubenstein has served as chairman of the board of trustees for the since 2014, contributing over $111 million personally, making him the largest individual donor in the center's 52-year history. His gifts include a $50 million cornerstone donation in 2015 to support the center's expansion project, known as , which encompasses educational and cultural facilities, and additional $10 million contributions in subsequent years to broaden access for diverse audiences. Under his leadership, the center raised nearly $141 million in contributions during a period of robust . In the realm of performing arts, Rubenstein donated $10 million to for the in 2009 toward its $1.2 billion redevelopment, followed by further funds in 2015 and another $10 million in 2021 specifically to expand arts education and civic engagement programs, enhancing public access to performances and community initiatives. For historical sites, Rubenstein provided $18.5 million in 2016 to the for the restoration of the , funding repairs to its marble facade, murals, and infrastructure to preserve the structure for future generations. He has also supported the Foundation's efforts at , contributing to restorations, land preservation, and expanded educational programming at Jefferson's estate. Additionally, his philanthropy established the David M. Rubenstein National Center for White House History at the and the David M. Rubenstein Gallery at the , both dedicated to research, exhibitions, and public education on presidential history, with the gallery marking its 10th anniversary in 2024. From 2006 to 2017, Rubenstein's donations to landmarks and historic sites in the Washington, D.C., region totaled $135 million, encompassing monuments and museums.

Donations to Media and Memorial Institutions

In 2022, David Rubenstein donated $10 million to , the flagship magazine of the , to support its editorial operations, digital expansion, and long-term financial stability. This gift, announced on October 21, aimed to enhance the publication's role in discourse amid challenges facing independent journalism. Rubenstein's contributions to memorial institutions emphasize restoration and educational enhancements at national sites. In February 2016, he pledged $18.5 million to the for the Lincoln Memorial's renovation, funding structural repairs, improved , and preservation of murals and inscriptions to address wear from over million visitors. In 2019, he donated $10 million to the National Park Foundation for the , enabling a new underground space, exhibit expansions, and visitor experience upgrades without altering the iconic structure. That same year, his $12.35 million gift rehabilitated , the Memorial, at , restoring the historic home, grounds, and slave quarters to highlight its Civil War-era significance. In May 2022, Rubenstein endowed the Memorial Museum's National Institute for Education with $15 million, bolstering teacher training programs, survivor testimony archives, and public outreach on genocide prevention. These targeted gifts reflect a pattern of "patriotic " focused on maintaining physical integrity and interpretive depth at federally managed memorials.

Debates on Philanthropy's Motivations and Effectiveness

Critics of billionaire , including Rubenstein's contributions, argue that such giving often serves as a mechanism for minimization and reputational enhancement rather than pure , given the donor's prior exploitation of favorable structures like the carried-interest loophole. Rubenstein, who has donated hundreds of millions to cultural and educational causes since the , benefited from this provision, which taxes managers' income at capital gains rates (up to 20%) rather than ordinary income rates (up to 37%), a policy he actively lobbied to preserve in 2017 alongside other industry leaders. This structure, defended by Rubenstein as rewarding long-term investment risk, has enabled substantial wealth accumulation—his exceeds $3 billion as of 2023—before charitable deductions further reduce taxable income, prompting claims that offsets aggressive rather than independently motivating generosity. Proponents of Rubenstein's approach counter that his "patriotic philanthropy," such as acquiring and donating rare historical documents like the Magna Carta for $21.3 million in 2015 and funding their public display, stems from genuine historical passion rather than ulterior motives, with donations totaling over $500 million by 2023 directed toward non-partisan public goods like national monuments. However, skeptics, including philanthropy analysts, contend this model allows donors to exert undue private influence over public assets—bypassing government funding and democratic processes—while garnering acclaim that mitigates scrutiny of the private equity industry's practices, such as leveraged buyouts criticized for job cuts and debt burdens on acquired firms. On effectiveness, Rubenstein's targeted gifts, including $100 million to the in 2019 for preservation and $50 million to in 2017 for scholarships, have demonstrably advanced specific outcomes like artifact and access, yet broader debates question whether such donor-driven initiatives efficiently address systemic needs compared to reformed tax policies that could fund public programs at scale. Critics argue that , even when successful in niches like historic site repairs (e.g., Rubenstein's $7.5 million for the in 2010), perpetuates by substituting for government responsibilities eroded by donor-favorable tax codes, with limited empirical evidence of scalable societal impact beyond visibility gains. Rubenstein maintains that private giving fills gaps in public funding efficiently, citing his hands-on role in projects yielding tangible results, though independent evaluations remain sparse.

Personal Life

Family and Relationships

Rubenstein was born on August 11, 1949, in , , as the only child of a working-class Jewish family; his father was a postal service employee earning approximately $7,000 annually, and his mother was initially a homemaker who later worked in a dress shop. The family resided in a modest row house in a predominantly Jewish neighborhood, reflecting the socioeconomic constraints of mid-20th-century Baltimore's segregated communities. Rubenstein married Alice Nicole Rogoff, a managing director at a merchant banking firm, on May 21, 1983, after meeting during their time in the Carter administration. The couple had three children: daughters Alexandra Nicole Rubenstein (born c. 1985) and Gabrielle "Ellie" W. Rubenstein (born c. 1988), and son Andrew Rubenstein. They separated around 2005 but finalized their divorce on December 8, 2017, in , with all financial terms settled privately out of court. No public details have emerged regarding subsequent romantic relationships.

Lifestyle, Residences, and Net Worth

Rubenstein's primary residence is in , where he owns a home originally purchased for $775,000 and now estimated to be worth $3.42 million. He also maintains a luxurious vacation estate in , , comprising a 13,000-square-foot main house on a 14-acre private compound with amenities including a ; Rubenstein developed the property after acquiring the land around 2009. His lifestyle reflects a blend of high-profile and civic engagements alongside personal interests in and American heritage, including hosting interviews with former presidents and leaders on Bloomberg Television's The David Rubenstein Show and authoring books on U.S. such as The American Story (2019). Despite his prominence, Rubenstein has emphasized in interviews a focus on purposeful giving and public service over ostentatious displays, stemming from his blue-collar upbringing in Baltimore. As of October 2025, Rubenstein's net worth stands at an estimated $6.4 billion, per the , derived primarily from his stake in , which manages $465 billion in assets, along with investments in sports franchises like the Orioles, acquired in 2024 for $1.725 billion. Earlier 2025 estimates placed it at $4.6 billion, reflecting fluctuations tied to Carlyle Group's performance and holdings.

Political Views and Involvement

Early Political Roles and Bipartisan Engagements

Rubenstein's political career commenced in 1975 when, at age 25, he served as chief counsel to the U.S. Senate Judiciary Committee's Subcommittee on Constitutional Amendments, chaired by Senator (D-IN), where he assisted in legislative research and policy development during Bayh's 1976 presidential campaign. After Bayh withdrew from the race, Rubenstein transitioned to Jimmy Carter's presidential campaign, collaborating with policy adviser Stuart Eizenstat to formulate domestic policy positions, including compiling research on opponent and drafting campaign commitments. This involvement positioned him for a White House role following Carter's election victory on November 2, 1976. Upon inauguration on January 20, 1977, Rubenstein was appointed Deputy Assistant to the for , serving until January 20, 1981, and reporting to Eizenstat as part of the Staff, which succeeded the Nixon-era Domestic Council. At 27 years old, he maintained an office in , contributing to initiatives such as (enacted via the of 1978), welfare reform proposals, and the creation of the Department of Education (established October 17, 1979). His duties encompassed coordinating interagency efforts, preparing policy memoranda for the president, briefing First Lady , and managing legislative relations with on approximately 300 bills annually. Elements of emerged in Rubenstein's policy work, particularly through coalition-building across ideological lines; for instance, the 1979-1981 youth employment program secured support from both Democratic leadership and senators, advancing to near passage in a before the administration's end. He engaged diverse stakeholders, including the representing labor interests and the advocating corporate perspectives, to forge compromises on domestic priorities amid a divided where Democrats held slim majorities ( 58-41 in 1977, narrowing later). These efforts reflected pragmatic negotiation rather than partisan rigidity, though constrained by Carter's administration priorities and electoral losses in 1980.

Commentary on Democracy, Economy, and Policy

David Rubenstein has expressed concerns that American requires greater effort to sustain public support amid and frustration. He argues that proponents of must actively educate citizens on its core values, including voting rights, freedom of expression, and , stating, " has to work harder to make sure that people understand what it's all about and why it has some benefits." Rubenstein identifies 13 institutional and cultural "genes"—such as access to the vote, the , free speech, policies, , and —that fortified U.S. against threats, including former President Donald Trump's election fraud claims and the , 2021, assault, which he described as appalling. He views events like the and the insurrection as modern stress tests comparable to historical crises such as the , emphasizing the lack of and inter-party tension as key weaknesses. Rubenstein attributes rising populism not solely to government bailouts of powerful entities, as suggested by former President George W. Bush, but to broader factors including globalization, demographic shifts—from 90% white population in 1960 to greater diversity—and the perceived loss of influence among non-college-educated white Americans, who comprise about 60% of adults. He has noted that legal actions against Trump, such as the New York trial, inadvertently boosted his electoral prospects, and expressed a view among many that indicting a former president was unwise, while stressing the importance of an apolitical Justice Department to uphold the rule of law. Despite these challenges, Rubenstein underscores democracy's resilience, citing the U.S.'s survival of past upheavals and the role of public servants and judges in preserving institutions. On the economy, Rubenstein has described the U.S. and global conditions as in "reasonable shape" as of September 2025, though hampered by war-related damages, with peaceful cooperation essential for progress. He prioritizes democratic stability over short-term economic fears like , which he downplays, predicting it could stabilize at 3-4% without catastrophe and dismissing it as secondary to political risks. In March 2025, he highlighted the need for greater market certainty to facilitate deals and growth. Regarding policy, Rubenstein anticipates inevitable tax increases due to fiscal pressures and insufficient spending restraint. He advocates abolishing the debt ceiling as an "antiquated" mechanism exacerbating dysfunction. On trade policy, he reports that CEOs privately warn of "real risks" from Trump's proposed tariffs on Chinese imports, including recession potential, though they avoid public criticism due to Trump's combative style; Rubenstein critiques underestimating China's resilience under Xi Jinping, shaped by historical endurance like the Cultural Revolution. He also flags a constitutional issue allowing theoretical paths to a third presidential term.

Criticisms of Political Stances and Business Ties

Rubenstein has faced criticism for his role in preserving the tax provision, which permits executives to classify management fees as long-term capital gains eligible for lower tax rates of 15-20% rather than ordinary income rates up to 37%. In 2007, he personally visited Senate Finance Committee offices to lobby Democratic senators, including then-Chairman , against reforms targeting the loophole. Critics, including tax law professor Victor Fleischer, contend that such efforts exacerbate by allowing billions in foregone federal revenue, with Rubenstein's philanthropy—such as his $7.5 million donation to restore the in 2011—providing access to policymakers like Baucus for discussions blending cultural gifts with policy advocacy. Although Rubenstein has publicly stated that wealthy individuals like himself "are not paying enough taxes," he has defended as essential for aligning incentives in long-term investments, countering reform proposals in meetings such as one with in May 2010 opposing taxes on "enterprise value." Detractors from outlets like argue this stance reflects self-interest, noting his bipartisan political ties—from Carter administration service to relationships with the Bush family and —facilitated influence, including a pivotal 2010 phone call during an Economic Club event credited with staving off closure of the loophole. Business ties via have drawn scrutiny for potential conflicts of interest, exemplified by the July 2024 resignation of Rubenstein's daughter, Gabrielle "Ellie" Rubenstein, from the board of Alaska's $80 billion Permanent Fund (APFC), which Carlyle manages approximately $800 million in assets for. Leaked emails from May 2024 revealed board executives' concerns over her alleged pressure to arrange meetings between APFC staff and managers connected to her investment firm Manna Tree Partners—including those linked to her father's —and efforts to oust an analyst following David Rubenstein's expressed dissatisfaction with a report. Although Ellie Rubenstein denied directing investments or , claiming her suggestions were misconstrued, critics portrayed the episode as emblematic of , where family positions enable steering public funds toward interests. Critics have also highlighted perceived in Rubenstein's public commentary on American history alongside Carlyle's profit-driven dealings, such as a 2022 New York Post report accusing him of critiquing the Founding Fathers' flaws on while his firm pursued oil investments in exploiting indigenous lands under the Native Village of Eyak's control. Such ties, opponents argue, underscore broader practices prioritizing returns over ethical considerations, including Carlyle's historical defense sector investments amid post-9/11 scrutiny.

Honors, Awards, and Affiliations

Professional Recognitions

Rubenstein received the in 2007 from the Horatio Alger Association of Distinguished Americans, which recognizes individuals who have succeeded in business despite challenging or humble beginnings. In 2015, the Museum of American Finance presented him with the , renamed the Whitehead Award, for his financial leadership and public service contributions, including co-founding , a firm managing over $400 billion in assets as of that period. The Arab Bankers Association of North America awarded him its 2018 Achievement Award for advancing private equity investments in the Middle East and North Africa region through Carlyle's portfolio, which included deals exceeding $10 billion in regional commitments. Yale School of Management's Chief Executive Leadership Institute honored Rubenstein with its 2018 Legend in Leadership Award, acknowledging his role in building The Carlyle Group into one of the world's largest alternative asset managers, with a focus on global private equity strategies. In recognition of his business leadership, Eisenhower Fellowships selected Rubenstein for the 2025 Dwight D. Eisenhower Medal for Leadership and Service, the organization's highest honor, citing his innovations in private equity and economic impact through Carlyle.

Philanthropic and Civic Honors

In January 2025, David Rubenstein received the from President , the highest civilian honor in the United States, recognizing his extensive philanthropy and efforts to preserve national historic landmarks and documents. Rubenstein was one of 19 recipients that year, selected for contributions exemplifying the medal's criteria of advancing American ideals through service, leadership, and impact on national life. Rubenstein was awarded the Carnegie Medal of Philanthropy in 2015 by the Carnegie institutions, honoring his "patriotic philanthropy" that includes multimillion-dollar gifts to restore cultural and educational institutions, such as the and Lincoln-Berry Bible, which he purchased and donated to public collections. The medal recognizes philanthropists who demonstrate sustained, transformative giving aligned with Andrew Carnegie's ethos of using wealth for public good. In 2017, the LBJ Foundation presented Rubenstein with its Liberty & Justice for All Award, its highest distinction, lauding him as a "patriotic philanthropist" for investments in civic institutions like the and Kennedy Center. This award highlights support for democratic values through preservation of historical artifacts and public access to them. Rubenstein received Duke University's highest honor, the University Medal, in 2019 for his service and philanthropy, including funding the Rubenstein Arts Center and library expansions that enhanced educational resources. In 2025, Eisenhower Fellowships announced he would receive the Medal for Leadership and Service, the organization's top award, for his global leadership in business and philanthropy. Other recognitions include the Museum of Modern Art's David Rockefeller Award for philanthropy in 2013. These honors collectively affirm Rubenstein's focus on "patriotic philanthropy," emphasizing donations exceeding $1 billion to U.S. cultural, educational, and historic entities since 2010.

References

  1. [1]
    David Rubenstein - Forbes
    David Rubenstein is one of three billionaire founders of private equity firm Carlyle Group, which has $465 billion in assets under management.
  2. [2]
    David M. Rubenstein - Carlyle
    Rubenstein served as Co-Chief Executive Officer of Carlyle. Mr. Rubenstein is a Baltimore native and is the Chairman, CEO, and principal owner of Major League ...
  3. [3]
    David M. Rubenstein - Horatio Alger Association
    David Rubenstein, an only child, was born in 1949 in Baltimore. His ... The Carlyle Group grew into the world's largest private equity firm. "If you ...
  4. [4]
    How David Rubenstein Became a Billionaire - Investopedia
    David Rubenstein is best known for co-founding Washington, D.C.–based private equity giant the Carlyle Group. After a stint in law and politics, Rubenstein ...Early Life and Schooling · Career Before Carlyle · New Leveraged Buyout Firm...
  5. [5]
    David M. Rubenstein – biography
    David M. Rubenstein is an investor, philanthropist, interviewer, author, and historian. He is Co-Founder and Co-Chairman of The Carlyle Group.
  6. [6]
    Financier, Philanthropist, Author, Historian, Orioles Owner
    In 2009, David made a contribution to Lincoln Center for the Performing Arts for its $1.2 billion redevelopment project. In 2015, David donated additional ...
  7. [7]
    Smithsonian Announces $10 Million Gift from David Rubenstein to ...
    Jan 20, 2016 · Set to open in late September, today announced that philanthropist David M. Rubenstein has donated $10 million to the new museum's capital campaign.
  8. [8]
    David M. Rubenstein - The Giving Pledge
    It is my hope that it will inspire individuals with resources of modest or average or even above average means to make similar pledges.
  9. [9]
    https://www.bloomberg.com/news/articles/2025-10-21/david-rubenstein-backed-firm-builds-303-million-us-property-bet
  10. [10]
    Orioles owner David Rubenstein says there are no financial ...
    Feb 17, 2025 · Rubenstein, a Baltimore native who has a net worth of $4.6 billion, according to the Bloomberg Billionaires Index, said the team's payroll has ...
  11. [11]
    For David Rubenstein, Success Is Serendipitous - Baltimore Jewish ...
    Mar 25, 2025 · Rubenstein's life story began with his modest upbringing in Baltimore, first in a home on Beaufort Avenue where his family lived until he was ...Missing: background | Show results with:background
  12. [12]
    David Rubenstein long ago moved on from Baltimore, but now he ...
    Sep 23, 2024 · They raised him in Fallstaff, a predominately Jewish working-class enclave. He has talked of feeling culturally ...Missing: upbringing | Show results with:upbringing
  13. [13]
    7 Facts You Might Not Know about New Orioles Majority Owner ...
    Jan 31, 2024 · Rubenstein comes from a blue-collar Jewish family that attended an Orthodox shul. “In Baltimore, the Jewish community was very segregated from ...
  14. [14]
    David Rubenstein - Co-Founder The Carlyle Group | World Footprints
    David Rubenstein grew up an only child in a Jewish family in Baltimore. His beginnings were modest. His father was employed by the United States Postal ...<|separator|>
  15. [15]
    David Rubenstein - Duke Centennial
    In 1987, Rubenstein co-founded The Carlyle Group Inc., a global alternative asset manager. Rubenstein's philanthropy is far reaching. At Duke, his ...
  16. [16]
    Duke alumnus and philanthropist David Rubenstein receives ...
    Jan 5, 2025 · He graduated magna cum laude from Duke with a degree in political science, where he was elected Phi Beta Kappa. He later received his law degree ...
  17. [17]
    David Rubenstein: The Architect of Modern Private Equity
    Jul 19, 2024 · He attended Duke University, where he graduated magna cum laude with a degree in political science in 1970. Rubenstein then pursued a Juris ...<|separator|>
  18. [18]
    David Rubenstein Oral History, Deputy Assistant to the President for ...
    Mar 6, 1982 · Then during the transition I became an assistant to Stuart and then about a week before the administration was to take office President Carter ...
  19. [19]
    David M. Rubenstein - White House Historical Association
    David M. Rubenstein is a Co-Founder and Co-Executive Chairman of The Carlyle Group, one of the world's largest and most successful private investment firms.
  20. [20]
    Investor FAQs | The Carlyle Group
    Carlyle was founded in 1987 by its three founders – Bill Conway, Dan D'Aniello, and David Rubenstein. The Carlyle Group manages $465 billion in assets under ...
  21. [21]
    The Carlyle Group | Institution Profile - Private Equity International
    The Carlyle Group is a leading global investment firm that was founded in 1987 by William Conway Jr., Daniel D'Aniello, and David Rubenstein.
  22. [22]
    Carlyle's David Rubenstein on how to invest now - Reuters
    Oct 31, 2022 · His biggest home run, of course, was starting Carlyle, raising an initial $5 million that has turned into a behemoth with $376 billion in assets ...
  23. [23]
    David Rubenstein And The Carlyle Group: The Kings Of Capital
    Oct 3, 2012 · Rubenstein and his two longtime partners, William Conway Jr. and Daniel D'Aniello, all rank near the top of FORBES' inaugural statistical ...
  24. [24]
    Carlyle Group's David Rubenstein On 'How to Lead' - Chief Executive
    Aug 25, 2020 · The co-founder of one of the top private equity shops in the world asked successful leaders how they do what they do. Here's what he found.
  25. [25]
    Our Firm - Carlyle
    Founded in 1987 in Washington, DC, our global team today is comprised of ... The Carlyle Advantage. As a leader in the industry, we've developed a ...
  26. [26]
    Aerospace, Defense & Government - Carlyle
    Carlyle's Global Private Equity investment team has actively invested in the aerospace, defense and government industries for over three decades.
  27. [27]
    Our Approach - Carlyle
    OUR INDUSTRY SECTORS OF FOCUS. We focus on the industries in which we believe our deep expertise provides us with a competitive advantage. Across all of our ...
  28. [28]
    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2487546
  29. [29]
    Carlyle to launch private equity product for wealth channel
    Feb 7, 2024 · The Carlyle Group is set to roll out a private-equity-focused offering dedicated to the wealth channel in the coming quarters.Missing: sectors | Show results with:sectors
  30. [30]
    [PDF] Carlyle Reports Second Quarter 2025 Financial Results
    Aug 6, 2025 · With $465 billion of assets under management as of June 30, 2025, Carlyle's purpose is to invest wisely and create value on behalf of its ...<|separator|>
  31. [31]
    Clayton, Dubilier & Rice, The Carlyle Group and Merrill Lynch ...
    Sep 11, 2005 · Clayton, Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity to Acquire Hertz from Ford Motor Company for $15 Billion; ...
  32. [32]
    CD&R, Carlyle, BofA Fully Exit Hertz - Buyouts
    May 20, 2013 · CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each, Hertz said in a press release.
  33. [33]
    Carlyle Dealmakers Quadrupled Profit on Exits in 2021
    Feb 3, 2022 · Carlyle's dealmakers received $1.41 billion of the profits tied to exits in 2021, a 315% increase from the prior year in so-called realized ...
  34. [34]
    The Carlyle Group Successfully Exits Transics
    Jun 10, 2008 · London, UK – Global private equity firm The Carlyle Group today announces that it has successfully exited its investment in Transics, a leading ...
  35. [35]
    The Carlyle Group Exits SmartTrust
    Apr 21, 2009 · The Carlyle Group today announces that it has fully exited its investment in SmartTrust, a developer of Mobile Device Management (MDM) and SIM management ...
  36. [36]
    Carlyle Exits Indegene, Sells ₹1,447 Cr Stake in Bulk Deal
    Jun 5, 2025 · Carlyle Group fully exits Indegene, selling its 10.2% stake for ₹1447 Cr. Strong investor demand signals confidence in Indegene's growth.
  37. [37]
    (Over)-leveraged buyouts of private equity: Myth or reality?
    Nov 12, 2021 · The most common criticism is that PE fund managers place too much debt on their acquired portfolio companies, creating debt overhang and raising bankruptcy ...
  38. [38]
    GAO-08-885, Private Equity: Recent Growth in Leveraged Buyouts ...
    Others criticize LBOs for causing job losses and burdening companies with too much debt. This report addresses the (1) effect of recent private equity LBOs ...
  39. [39]
    Understanding the impact of private equity on employees - CEPR
    Jul 11, 2025 · The authors find that unemployment for workers at bought-out firms rises and wages fall substantially after buyouts, with wage losses ...<|separator|>
  40. [40]
    The Impact of Private Equity Buyouts on Productivity and Jobs
    Sep 29, 2020 · In conclusion, the empirical literature shows that private equity buyouts in the U.S. and Europe generally have positive effects on productivity ...
  41. [41]
    [PDF] Does Private Equity Over-Lever Portfolio Companies?
    It is well-known that Private Equity (PE) funds acquire companies in leveraged buyouts. (LBO) using substantial amount of debt (Kaplan and Stromberg, 2009). The ...<|separator|>
  42. [42]
    Investing in war - Center for Public Integrity
    Nov 18, 2004 · Critics have long denounced Carlyle's practice of recruiting former high-ranking government officials at the same time as it invests in ...
  43. [43]
    https://corporatecrimereporter.com/briodyinterview.html
  44. [44]
    Bin Laden Family Liquidates Holdings With Carlyle Group
    Oct 26, 2001 · After the Sept. 11 attacks, the investment was criticized amid speculation that the family might profit from increased military spending from ...
  45. [45]
    What happened when a private-equity firm sought to care for ...
    Nov 25, 2018 · A rise in health-code violations at the second-largest nursing home chain in the United States began after the Carlyle Group orchestrated a ...Missing: practices | Show results with:practices
  46. [46]
    The David Rubenstein Show: Peer-to-Peer Conversations - IMDb
    Rating 9.1/10 (12) Details · Release date · October 17, 2016 (United States) · Country of origin. United States · Also known as. Peer-to-Peer · See more company credits at IMDbPro ...
  47. [47]
    The David Rubenstein Show: Peer to Peer Conversations - PBS
    Renowned financier and philanthropist David Rubenstein travels the country talking to leaders to uncover their stories to success.Missing: ventures | Show results with:ventures
  48. [48]
    History with David Rubenstein - PBS
    History with David Rubenstein. Now Streaming. David Rubenstein's skillful questioning of acclaimed writers like Robert A. Caro, Ron Chernow, Doris Kearns ...Missing: ventures | Show results with:ventures
  49. [49]
    Bloomberg Television Launches “Longevity with David Rubenstein”
    Jul 15, 2025 · Longevity with David Rubenstein dives into the rapidly evolving world of medical research, pharmaceuticals, and science-backed wellness to ...Missing: ventures | Show results with:ventures
  50. [50]
    Wealth with David Rubenstein - Bloomberg.com
    David Rubenstein learns key investment strategies and tactics from a high-profile roster of professional investing luminaries.Missing: ventures | Show results with:ventures
  51. [51]
    David M. Rubenstein | Official Publisher Page - Simon & Schuster
    Rubenstein is the New York Times bestselling author of How to Invest, How to Lead, The American Experiment, and The American Story. He is cofounder and ...
  52. [52]
    The Highest Calling by David M Rubenstein - Porchlight Book
    For years, bestselling author David M. Rubenstein has distilled the contours of American democracy through conversations with noted leaders and historians. In ...
  53. [53]
    David Rubenstein, Co-Founder and Co-CEO, The Carlyle Group
    Jul 27, 2017 · A native of Baltimore, Mr. Rubenstein is a 1970 magna cum laude graduate of Duke University, where he was elected Phi Beta Kappa.
  54. [54]
    David Rubenstein speaks at the Robert H. Smith School of Business
    Apr 13, 2011 · David Rubenstein, Co-founder and Managing Director of The Carlyle Group, speaks to students and faculty at the University of Maryland Robert ...Missing: engagements | Show results with:engagements
  55. [55]
    Full interview: David Rubenstein on "Face the Nation" - YouTube
    Dec 29, 2024 · ... public affairs program. The broadcast is one of the longest ... events and the latest news. Subscribe to the "Face the Nation ...Missing: speaking examples
  56. [56]
    A Conversation With David Rubenstein on the American Presidency
    Sep 12, 2024 · Excerpt from Interview: Rubenstein discusses how the U.S. presidency became the most influential global role, the challenges faced by presidents ...
  57. [57]
    An Evening With David M. Rubenstein - YouTube
    Sep 29, 2025 · The George & Barbara Bush Foundation hosted an inspiring conversation between David Rubenstein and Governor Jeb Bush, centered around ...Missing: public speaking examples
  58. [58]
    INTERVIEWS/ NEWS/ BOOKS – DAVID M. RUBENSTEIN
    Harvard Corporation Member David Rubenstein Talks Public Service at Harvard IOP Forum MORE ... Part 2: David Rubenstein talks Fauci Interview and 'The ...Missing: engagements | Show results with:engagements
  59. [59]
    Sale of Orioles to David Rubenstein approved by MLB owners
    Mar 27, 2024 · The control stake of the team -- along with its related assets, including its stake in the Mid-Atlantic Sports Network -- was sold for $1.725 ...
  60. [60]
    David Rubenstein unanimously approved as new Orioles owner
    Mar 27, 2024 · The $1.725 billion valuation for the Orioles is the third highest for the sale of a baseball team, behind Steve Cohen's $2.4 billion deal for ...
  61. [61]
    David Rubenstein discusses ownership of Orioles - MLB.com
    Mar 27, 2024 · Rubenstein's ownership group is set to include Ares Management co-founder/CEO Michael Arougheti and Ares Credit Group co-founders Mitchell ...
  62. [62]
    Bloomberg, Grant Hill Part of Rubenstein's $1.73B Orioles Takeover
    Jan 31, 2024 · Private equity billionaire David Rubenstein leads a group buying the Baltimore Orioles for $1.725 billion. Joining him is team great Cal ...
  63. [63]
    Angelos family to sell Orioles for $1.725 billion to private equity ...
    Jan 31, 2024 · The sale price is $1.725 billion and gives Rubenstein a controlling stake in the team. The Angelos family will remain a major investor in the ...
  64. [64]
    Rubenstein ownership group takes full control of Orioles - MLB.com
    Aug 1, 2024 · The Orioles' majority ownership group led by private equity billionaire David Rubenstein took full control of the team on Thursday.
  65. [65]
    Will David Rubenstein's Deep Pockets Help the O's Finally Win ...
    The club's personable new owner—who rode the city bus to catch O's games at Memorial Stadium as a kid—has increased the team's payroll up to more than $150 ...
  66. [66]
    Orioles owner David Rubenstein discusses building winning team
    Feb 17, 2025 · Rubenstein said that Camden Yards will have a new sound system “up and running” before the 2025 season is underway. Major renovations will then occur over the ...Missing: management | Show results with:management
  67. [67]
    5 things we learned from Orioles' Mike Elias and David Rubenstein
    Aug 24, 2025 · Orioles owner David Rubenstein and general manager Mike Elias discussed more than just Samuel Basallo on Saturday. Here's what we learned.
  68. [68]
    David Rubenstein says Orioles have 'good chance' to do better in ...
    Jul 10, 2025 · We have a lot of injuries,” Rubenstein said. “We lead the major leagues, I think, in injuries."
  69. [69]
    Orioles owner David Rubenstein says he's ready for extension talks
    Aug 23, 2025 · Orioles controlling owner David Rubenstein said he's “committed to doing more of these” long-term extensions “as ...
  70. [70]
    https://www.mlbtraderumors.com/2025/10/offseason-outlook-baltimore-orioles-15.html
  71. [71]
    1297 Magna Carta on Loan to NARA to be Re-encased
    Jun 30, 2010 · Mr. Rubenstein purchased the Magna Carta at Sotheby's Auction House in New York in December, 2007, with the intent of ensuring that this ...Missing: price | Show results with:price
  72. [72]
    Why I Bought the Magna Carta | National Geographic
    Sep 14, 2014 · Among his efforts: buying an original 1297 Magna Carta, an Emancipation Proclamation, and a Declaration of Independence for public display.
  73. [73]
    The Man Who Owns A Magna Carta - Forbes
    Mar 31, 2014 · “I hadn't even thought about it before,” he recalls of the $21.3 million purchase. “What makes the Magna Carta that David Rubenstein bought so ...Missing: date | Show results with:date
  74. [74]
    National Archives Celebrates 10th Anniversary of David M ...
    Feb 14, 2024 · Records of Rights begins with an original copy of the 1297 Magna Carta, one of only four in existence, which is owned by Rubenstein and loaned ...Missing: acquisition | Show results with:acquisition
  75. [75]
    Magna Carta copy sells for $21.3M - CNN.com
    Story Highlights · Only copy of the Magna Carta in the United States, sold for $21.3 million · Manuscript, more than 700 years old, seen as earliest declaration ...
  76. [76]
    Magna Carta fetches $21.3 million at Sotheby's auction - Reuters
    Dec 19, 2007 · A rare 710-year-old copy of the Magna Carta, among the most important historical documents ever to hit the auction block, sold for $21.3 million on Tuesday at ...Missing: date | Show results with:date
  77. [77]
    Rare Psalm book sells for $14.2 million - CNN
    Nov 27, 2013 · Its sale set a record for a book sold at auction, Sotheby's said. Philanthropist David Rubenstein purchased one of 11 surviving copies.
  78. [78]
    Billionaire David Rubenstein buys colonial Bay Psalm Book for ...
    Nov 27, 2013 · The serial philanthropist pays $14.2 million at auction for a rare book that he hopes will spur more reading.
  79. [79]
    Library of Congress—Bay Psalm Book, 1640 - David Rubenstein
    David's book, which he purchased in 2013, is one of six that includes the original title page. The book is on display at the David Rubenstein Rare Book and ...
  80. [80]
    Billionaire History Buff David Rubenstein Buys First News Printing Of ...
    Jun 26, 2013 · David M. Rubenstein, the leveraged-buyout billionaire, purchased a printing of the The Pennsylvania Evening Post from July 6, 1776 for $632,500 ...
  81. [81]
    Carlyle CEO buys 1776 printing of Declaration of Independence
    Jun 26, 2013 · Rubenstein has acquired several historic documents that are on loan to U.S. institutions, including a copy of the Emancipation Proclamation ...
  82. [82]
    National Archives Displays Rare Bill of Rights Broadside
    May 6, 2022 · Financier and philanthropist David M. Rubenstein has loaned an original 1790 Broadside Bill of Rights to the National Archives for display in the National ...
  83. [83]
    Billionaire David Rubenstein Sure Funds a Lot of DC Stuff
    Mar 27, 2023 · Rubenstein donated $10 million in 2016 and loaned the museum his rare copies of the 13th Amendment and the Emancipation Proclamation.<|control11|><|separator|>
  84. [84]
    Documents from the David Rubenstein Collection on Display at the ...
    Aug 9, 2021 · Rubenstein and the Maryland State Archives, will present an exhibition of four of the most important documents in early American history.Missing: acquisition | Show results with:acquisition
  85. [85]
    $$20 Million Gift Endows First-Generation Scholarship Program
    Apr 24, 2017 · Rubenstein has made a $20 million gift to endow a year-old scholarship program for exceptional first-generation, low-income students.
  86. [86]
    David Rubenstein Makes $10 Million Gift for Student Scholarships
    Sep 8, 2010 · Rubenstein has given the Law School the single largest gift it has ever received from an individual: $10 million.
  87. [87]
    Five Million Gift to Johns Hopkins Children's Center
    Jan 17, 2007 · Rubenstein's gift counts in the total of the Johns Hopkins Knowledge for the World campaign, which, as of Dec. 31, had raised more than $2.438 ...
  88. [88]
    Johns Hopkins to create center for hearing loss research, clinical care
    Oct 13, 2015 · Center funded by $15M gift from David M. Rubenstein ... The Johns Hopkins University School of Medicine will create a new hearing center focused ...
  89. [89]
    LBJ Foundation Honors “Patriotic Philanthropist” David Rubenstein
    Rubenstein has defined the essence of patriotic philanthropy, helping to preserve the Washington Monument, Lincoln Memorial, Declaration of Independence, and ...
  90. [90]
    David Rubenstein To Retire As Kennedy Center Chairman
    At $111 million, he is the largest individual contributor to the Center in its 52-year history. In addition to his extraordinary personal giving, Rubenstein has ...
  91. [91]
    Kennedy Center Receives Second $10 Million Gift From David ...
    The gift, which makes Rubenstein the largest donor in Kennedy Center history, will be used to help the center reach younger and more economically diverse ...
  92. [92]
    Kennedy Center Receives $5 Million Gift
    Set in motion by Kennedy Center Chairman David M. Rubenstein's $50 million cornerstone gift, the campaign has inspired hundreds of other major donors around the ...
  93. [93]
    At Kennedy Center, Trump Inherits a Tough Job: Fund-Raising
    Feb 20, 2025 · Fund-raising had been robust under Ms. Rutter and Mr. Rubenstein, the ousted chairman. The center took in nearly $141 million in contributions ...<|separator|>
  94. [94]
    David Rubenstein Donates $10 Million to Expand Arts and Civic ...
    David Rubenstein has generously donated $10 million to Lincoln Center for the Performing Arts to support an expansion of arts and civic engagement initiatives.Missing: institutions | Show results with:institutions
  95. [95]
    David Rubenstein Donates $18.5 Million to Restore the Lincoln ...
    Feb 15, 2016 · David Rubenstein Donates $18.5 Million to Restore the Lincoln Memorial · Date: February 15, 2016 · Contact: Mike Litterst (National Park Service), ...
  96. [96]
    Thomas Jefferson's Monticello – DAVID M. RUBENSTEIN
    The Thomas Jefferson Foundation has worked to restore Monticello, acquire and preserve original plantation lands, and expand educational programs.
  97. [97]
    The David M. Rubenstein National Center for White House History
    The David M. Rubenstein National Center for White House History is the research and educational hub for the White House Historical Association.
  98. [98]
    National Archives to Celebrate 10th Anniversary of David M ...
    Jan 31, 2024 · The National Archives and the National Archives Foundation are joining with philanthropist David M. Rubenstein to celebrate the 10th anniversary of the opening ...<|control11|><|separator|>
  99. [99]
    History Philanthropy
    From 2006 to 2017, Rubenstein's giving to landmarks and historic sites in the national capital region totaled $135 million. Washington Post report on Arlington ...
  100. [100]
    David M. Rubenstein Donates $10 Million to Foreign Affairs Magazine
    Oct 21, 2022 · David M. Rubenstein Donates $10 Million to Foreign Affairs Magazine | Council on Foreign Relations.
  101. [101]
    Secretary Jewell Announces $18.5 Million Donation to Restore the ...
    Feb 16, 2016 · Mr. Rubenstein's donations benefitting the national parks include $7.5 million in 2012 to restore the Washington Monument after the earthquake ...
  102. [102]
    Patriotic Philanthropist David Rubenstein… | National Park Foundation
    Oct 30, 2019 · Patriotic Philanthropist David Rubenstein Donates $10 Million to Create State-of-the-Art Museum and Enhance Visitor Experience at Thomas ...
  103. [103]
    U.S. philanthropist donates $18.5 million to restore Lincoln Memorial
    Feb 15, 2016 · His donations include $7.5 million in 2012 to restore the Washington Monument after an earthquake and $12.35 million to rebuild Arlington House, ...
  104. [104]
    David M. Rubenstein $15 Million Gift Supports National Institute for ...
    May 3, 2022 · The United States Holocaust Memorial Museum today announced a $15 million endowment gift from David M. Rubenstein to support the Museum's National Institute ...
  105. [105]
    How Philanthropist David Rubenstein Helped Save a Tax Break ...
    Mar 7, 2016 · (Although he has also donated generously to hospitals, universities, and other traditional beneficiaries, more than half of the several ...
  106. [106]
    David Rubenstein and the Carried-Interest Dilemma | The New Yorker
    Mar 6, 2016 · David Rubenstein's patriotic philanthropy can be seen as a way of establishing the level of control over his wealth that Carnegie enjoyed.Missing: motivations | Show results with:motivations
  107. [107]
    Does It Matter Where the Money Came From? Philanthropy and the ...
    ... David Rubenstein, should we also mention the not-so-patriotic tax avoidance strategies that have allowed him and other private equity billionaires to get so ...
  108. [108]
    Big Philanthropists Increasingly Face Scrutiny and Criticism
    Feb 7, 2017 · Or financier David Rubenstein, whose “patriotic philanthropy” is sometimes criticized as the byproduct of questionable private-equity deals. ...
  109. [109]
    David Mark Rubenstein - Genealogy - Geni
    Feb 26, 2025 · His beginnings were modest. His father was employed by the United States Postal Service and his mother was a homemaker.Missing: background | Show results with:background
  110. [110]
    From Blue-Collar Birth to Billionaire | GW Today
    Sep 30, 2019 · Mr. Rubenstein said he grew up in a Jewish area in one of the most rigidly segregated cities by religion in the country.Missing: early background
  111. [111]
    D.M. Rubenstein Wed To Alice Nicole Rogoff - The New York Times
    May 22, 1983 · Alice Nicole Rogoff, managing director of the Washington merchant banking firm of G. William Miller & Company, was married yesterday to David Mark Rubenstein.
  112. [112]
    Who is David Rubenstein's ex-wife Alice Rogoff? A glimpse into the ...
    Jan 31, 2024 · The two met while working for the Carter administration in 1983 but filed for divorce in 2017. They have three adult children who have followed ...
  113. [113]
    Harvard appoints David M. Rubenstein to senior governing board
    May 25, 2016 · His daughters, Alexandra Nicole Rubenstein '07 and Gabrielle W. Rubenstein '10, both graduated from the College, and his wife, Alice Rogoff ...
  114. [114]
    Billionaire David Rubenstein and his wife, Alice Rogoff, divorce
    Dec 8, 2017 · The marriage of billionaire philanthropists David Rubenstein and Alice Rogoff has officially ended. The couple, who married in 1983, was granted a divorce.
  115. [115]
    David Rubenstein: Age, Net Worth, Relationships & Biography
    Dec 13, 2024 · Rubenstein married Alice Nicole Rogoff in 1983, and they have three children: Alexandra, Gabrielle, and Andrew. The couple separated in 2005 ...
  116. [116]
    Jeff Zucker's ex-wife Caryn is 'getting close' with David Rubenstein
    Nov 23, 2022 · Philanthropist Rubenstein was married to Alice Rogoff from 1983 to 2017 and they share three children together. Caryn and Zucker have two ...
  117. [117]
    A Voyeur's Guide to the Homes of Washington's Rich and Famous
    David Rubenstein. davidrubenstein. Photo by Evy Mages. Purchase price: $775,000. Estimated current value: $3.42 million. Neighborhood: Bethesda
  118. [118]
    Joe and Jill Biden returning for Thanksgiving at billionaire David ...
    Nov 21, 2023 · David Rubenstein built the Nantucket home from the ground up after purchasing the estate back in 9. David Rubenstein built the Nantucket home ...
  119. [119]
    Biden's rich friends with VERY nice houses: As Joe hunkers down in ...
    Nov 22, 2023 · The Bidens are camping out for the holiday at David Rubenstein's 13,000 square foot home on a 14-acre private compound that includes a swimming ...
  120. [120]
    David Rubenstein, Co-Founder & Co-Chairman of The ... - YouTube
    Jun 13, 2025 · David Rubenstein, Co-Founder and Co-Executive Chairman of The Carlyle Group, with a $4.3B net worth, bestselling author of The American ...
  121. [121]
    Highlights from a conversation with David Rubenstein
    Jul 10, 2020 · IU Lilly Family School of Philanthropy hosted a conversation with David Rubenstein, co-founder and co-executive chairman, The Carlyle Group.
  122. [122]
    6 questions for David Rubenstein: 'Democracy has to work harder'
    Jan 21, 2025 · We spoke with Rubenstein about democracy, the global economy and what to expect in 2025. Here's what he had to say.
  123. [123]
    'America is not a perfect country': David Rubenstein on Trump, Biden ...
    Sep 6, 2021 · David Rubenstein identifies 13 “genes” he says helped repel Donald Trump's assault on US democracy. They range from access to the vote to the rule of law and ...
  124. [124]
    Forget inflation. This billionaire investor worries about democracy
    Sep 17, 2021 · David Rubenstein is shrugging off fears of runaway inflation and concerns about looming tax hikes. The private equity billionaire is far more worried these ...
  125. [125]
    Q&A: David Rubenstein on the presidents, and George W. Bush's ...
    Sep 10, 2024 · “You wonder why populism is on the rise. It starts with taking taxpayers' money and giving it to the powerful. It really irritated a lot of ...
  126. [126]
    Transcript: Philanthropist and author David Rubenstein on "Face the ...
    Dec 29, 2024 · DAVID RUBENSTEIN: I think there is a feeling among many people that it wasn't a good idea to indict the president of the United States. I think ...<|control11|><|separator|>
  127. [127]
    David Rubenstein: The economy is in reasonable shape - CNBC
    Sep 11, 2025 · David Rubenstein, The Carlyle Group co-founder and co-chairman and Baltimore Orioles team owner, joins 'Squawk Box' to discuss the state of ...
  128. [128]
    Rubenstein on Markets, Fed, Trump Policies, Deals Getting Done
    Mar 20, 2025 · The economy and markets need some more certainty, says David Rubenstein, The Carlyle Group co-founder and chairman and host of "The David ...
  129. [129]
    CEOs are afraid to criticize Trump in public, Carlyle chair says
    Apr 25, 2025 · According to Rubenstein, some executives have privately told Trump that his tariffs have produced “some real risks,” including the possibility ...<|separator|>
  130. [130]
    Billionaire Confessional: David Rubenstein on Wealth and Privilege
    Mar 12, 2020 · It's an up-by-the-bootstraps story that informs his views on education, income inequality, taxes and more. After attending Duke University and ...
  131. [131]
    David Rubenstein's daughter quits Alaska fund over cronyism claims
    Jul 26, 2024 · The daughter of private equity billionaire David Rubenstein has resigned from the board of Alaska's $80 billion sovereign wealth funds.
  132. [132]
    Permanent Fund Corp. board member resigns after email controversy
    Jul 24, 2024 · In May, a series of leaked emails suggested some corporation employees felt pressured by investment suggestions offered by Ellie Rubenstein.
  133. [133]
    David Rubenstein's daughter resigns from Alaska fund post after ...
    Jul 25, 2024 · David Rubenstein's daughter resigns from Alaska fund post after cronyism claims. Gabrielle Rubenstein says her efforts were 'misconstrued ...<|separator|>
  134. [134]
    'Woke' billionaire who trashed the Founding Fathers has profited off ...
    Jul 30, 2022 · Critics say Rubenstein exploided Eskimo interests to further the Carlyle Group. Critics say Rubenstein treats Alaskan locals like "rubes and ...
  135. [135]
    David Rubenstein to Receive 2015 Whitehead Award for Public ...
    Dec 9, 2014 · David Rubenstein ... Rubenstein is Co-Founder and Co-CEO of The Carlyle Group, one of the world's largest and most successful private equity firms ...
  136. [136]
    The Carlyle Group's David Rubenstein Awarded the 2018 ABANA ...
    Oct 3, 2018 · The Carlyle Group's David Rubenstein Awarded the 2018 ABANA Achievement Award for His Contributions to the MENA Region ... private equity ...
  137. [137]
    Chief Executive Leadership Institute Honors David M. Rubenstein of ...
    Mar 13, 2018 · David M. Rubenstein, co-founder and co-executive chairman of the Carlyle Group, will accept the Legend in Leadership Award of Yale SOM's ...<|control11|><|separator|>
  138. [138]
    David Rubenstein to receive the 2025 Eisenhower Medal for ...
    Jan 22, 2025 · He is a recipient of the Carnegie Medal of Philanthropy and the Museum of Modern Art's David Rockefeller Award, among other philanthropic honors ...<|separator|>
  139. [139]
    David M. Rubenstein awarded Presidential Medal of Freedom
    Jan 6, 2025 · David M. Rubenstein, JD'73, chair of the University of Chicago's Board of Trustees, has been awarded the Presidential Medal of Freedom.
  140. [140]
    Rubenstein, David M. - Carnegie Medal of Philanthropy
    May 22, 2017 · Rubenstein calls giving back “one of life's greatest pleasures,” a sentiment he and Andrew Carnegie have in common. According to Carnegie, ...
  141. [141]
    2015 Carnegie Medal of Philanthropy Awarded to Outstanding ...
    Aug 25, 2015 · Menschel and Richard L. Menschel, two stalwart New York philanthropists. · David M. Rubenstein, celebrated culture and education philanthropist.
  142. [142]
    David M. Rubenstein | LBJ Liberty & Justice for All Award
    His success has enabled him to donate generously to public schools, universities, hospitals, museums, and zoos and to help preserve and enhance iconic American ...<|control11|><|separator|>
  143. [143]
    David M. Rubenstein | The New Orleans Book Festival at Tulane
    Mr. Rubenstein is an original signer of The Giving Pledge, a significant donor to all of the above-mentioned non-profit organizations, and a recipient of the ...