Grit From White House to Wall Street: David Rubenstein
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Apr 28, 2025 David Rubenstein, co-founder of the Carlyle Group, shares his journey from a humble D.C. office to running a $400B investment firm. He discusses how he raised billions despite lacking a finance background and reveals insights on generational success beyond wealth. Rubenstein reflects on the intersection of business and politics, his love for historical artifacts, and the evolving meaning of happiness. He also addresses his commitment to philanthropy and the increasing influence of private equity in sports franchises.
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Wealth Follows Meaningful Ideas
- People who simply want to be wealthy rarely become successful.
- Wealth usually comes as a byproduct of pursuing meaningful ideas or missions.
Give Wealth While Living
- Give money to your children while you are alive to see its impact.
- Avoid leaving all wealth in a will, which can cause children to wait or depend too much.
Purpose Fuels True Happiness
- Happiness does not depend on wealth or luxury.
- People with purpose and meaningful connections tend to be happier than the ultra-wealthy without strong purpose.