Episode
From The Son Of A Postman To The $400 Billion Man: David Rubenstein
- Podcast
- Big Shot
- Published
- Feb 8, 2024
- Duration seconds
- 3491
- Processing state
not_requested
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Summary
In this episode of Big Shot , we're thrilled to welcome the incredible David Rubenstein! As a co-founder of The Carlyle Group, one of the globe's top private equity firms, David's journey from a Baltimore kid with big dreams to a presidential advisor and business mogul is truly inspiring. Join us, as David reveals how he overcame rejection after President Carter lost his re-election and pivoted into private equity. Learn why he's dedicated to giving back through initiatives like the Giving Pledge, and get ready for some thought-provoking insights, including why hiring geniuses might not be the best idea and tips on avoiding spoiling your kids. In This Episode We Cover: (03:40) Welcome David Rubenstein (04:50) Why David and Harley both maintain their bar memberships (05:37) Why education is important to the Jewish people (07:30) David’s upbringing in Baltimore (10:00) The difficulties that come with raising children when you’re wealthy (11:30) David’s relatively laid-back parents (13:34) The Jewish youth group that fueled David’s drive for more (14:15) David’s first job out of law school (15:25) How David became an advisor to President Jimmy Carter (16:42) The years of struggle after Jimmy Carter failed to get re-elected (20:41) How the Carlyle Group got their start (24:36) Carlyle’s “bear hug” on Chichi’s (27:22) David’s growth strategy for Carlyle focusing on diversification and globalization (31:30) David’s mom’s philanthropy (34:14) What the Giving Pledge is (36:43) David’s philosophy on philanthropy (39:33) An explanation of the Magna Carta, its failure, and the anti-semitism of the day (42:22) David’s focus on patriotic philanthropy (46:47) How David became the fundraiser for Carlyle (47:56) How Carlyle was able to build a lasting company (49:27) Why reasonably in…