Bethesda, MD

The richest person in Bethesda, Maryland

Luay Rahil
Photo: Canva
"One of the great advantages in my life was that I grew up with no money. So you get a sense that if you want to do anything in the world, you have to do it on your own."

As soon as I read the above statement, I wanted to know more about the person who said these words. His name is David Rubenstein. He is a self-made billionaire who overcame his difficult childhood to become a policy advisor to President Jimmy Carter and a successful investment manager.

This success made him one of the richest people in the world. His network exceeds $4.3 billion, making him the richest person in Bethesda, Maryland.

Who is David Rubenstein?

David Rubenstein is an American billionaire business executive and co-founder of The Carlyle Group.

Carlyle Group is a private equity firm that controls more than $301 billion in investments. The firm has 26 offices across five continents and employs 1,850 professionals.

Rubenstein grew up in a low-income home.

On August 11, 1949, David Rubenstein was born in Baltimore as the only child of parents without formal education. He grew up in a low-income home. His father worked as a mailman, and his mother was a homemaker.

He earned his bachelor's degree from Duke University in 1970 and his law degree from the University of Chicago Law School in 1973. After earning his law degree, he practiced law in New York before working in politics, first as chief counsel to U.S. Senate Judiciary Committee and later as a domestic policy advisor to President Jimmy Carter.

In 1987, David Rubenstein co-founded the Carlyle Group with William E. Conway Jr, William E. Conway Jr., and two others. Today, he serves as non-executive co-chairman of the Board.

He also serves on many boards, including the John F. Kennedy Center for the Performing Arts, the World Economic Forum, the Council on Foreign Relations, Harvard Global Advisory Council, and many other organizations.

David Rubenstein became an author in 2019.

He wrote multiple books, and I will mention two of them, the first called the American Story and the second How to Lead. In both books, he interviewed the world's highest-performing leaders about who they are and how they became successful.

He discovered what makes successful people successful. For example, Jeff Bezos uses his intuition to make most of his decisions, and Richard Branson focuses on being the best in his field and not making a profit.

Rubenstein hosts a television show and podcast host.

He hosts two shows on Bloomberg Television and another on PBS.

  1. Wealth with David Rubenstein. He talks about key investment strategies that help people become better investments.
  2. The David Rubenstein Show: Peer to Peer Conversations explores successful leadership through the personal and professional choices of the most effective people in business.
  3. History with David Rubenstein. He takes you behind the scene and enables you to see rare insights into the American story.

Rubenstein pledged to give 50% of his money away.

Rubenstein pledged to donate more than half of his wealth to philanthropic causes as part of The Giving Pledge, and he encouraged other wealthy people to do the same.

"I do hope that others involved in this effort — and those who are ultimately inspired to increase their giving — will accelerate their giving, to bring whatever benefits come from giving to the world a bit sooner. That can only make the world a bit better a bit sooner."

He loves to strengthen the U.S democracy.

Rubenstein is an intentional giver to any institution that he believes strengthens the bones of U.S. democracy, such as the $10 million he contributed to the National Park Foundation and the $10 million donated to the Library of Congress.

He admires three leaders.

He loves Abraham Lincoln and admires his ability to keep the country together during the civil war.

"Abraham Lincoln — he held the country together in a way that I don't think anybody else could have or would have even tried. Likewise, in the business world, … Jeff Bezos [and] Bill Gates … they've built incredible businesses relatively quickly."

Rubenstien success philosphy.

Rubenstein believes that you need four things to be successful.

"The money is a side product. Most people who are very wealthy got there not by saying 'I gotta be rich' but by saying that 'I gotta prove that my idea works,' and they work hard to prove it."
  1. You have to be a far-sighted leader, meaning stop worrying about reacting to every small thing and focus on building a long-term value.
  2. Build a strong brand. He believes if you build a strong brand, money will follow. However, you can't build a strong brand if you don't become a far-sighted leader. So don't do anything unethical, and always lead with integrity.
  3. Relationship matters. No one can become successful without building connections with other people. Bill Gates connected with Paul Allen, etc.
  4. Adopt a rich mindset. If you focus on being positive and providing value, results will follow.

Have you heard about David Rubenstein before reading this article?

Comments / 7

Published by

Writing on leadership, business, and culture.

Fort Worth, TX

More from Luay Rahil

Comments / 0