David Ruben­stein

Forbes - - PROMOTION -

Con­way and Ruben­stein are 2 of the 3 fi­nanciers be­hind $170 billion (as­sets) pri­vate eq­uity shop Car­lyle Group, which they co­founded in 1987; the 2 are co-ceos. The Car­lyle Group avoided pay­ing $1 billion in dam­ages in Septem­ber af­ter a judge ruled in fa­vor of the firm in a law­suit al­leg­ing that one of its mort­gage-bond funds, which was formed dur­ing the real es­tate bub­ble in 2006 and col­lapsed in 2008, was run with neg­li­gence. Ruben­stein, who got his bach­e­lor’s de­gree from Duke, funds a schol­ar­ship pro­gram at his alma mater of­fer­ing a full ride to first­gen­er­a­tion low-in­come stu­dents.

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