Family Office World Carlyle Group Co-Founder and Philanthropist David Rubenstein Joins Ron Diamond on Family Office World Ep. 002
13 snips
Jan 16, 2023 
David Rubenstein, co-founder of the Carlyle Group and renowned philanthropist, shares his remarkable journey from a humble upbringing to becoming a leader in private equity. He emphasizes the essence of philanthropy, discussing his commitment to preserving historic monuments like the Lincoln Memorial and the Magna Carta. Topics also include the evolution of family offices, the upcoming wealth transfer from baby boomers, and the interplay between business strategies and charitable initiatives. His insights underscore the importance of legacy, active giving, and inspiring future generations.
AI Snips
Chapters
Books
Transcript
Episode notes
Humble Beginnings
- David Rubenstein grew up in a modest, blue-collar Jewish community in Baltimore.
- His parents had no college education and lived paycheck to paycheck.
Carlyle's Innovative Approach
- Carlyle was one of the first to combine multiple investment disciplines under one firm.
- It also pioneered globalizing private equity beyond the U.S., including Europe and Asia.
Private Equity's Performance Edge
- Private equity attracted money due to better returns than traditional investments.
- Returns typically range from 15% to 20% annually, outperforming stock market averages.
