Ronald Burkle
Ronald Wayne Burkle is an American billionaire businessman. He is co-founder and managing partner of The Yucaipa Companies, LLC. His net worth was estimated at US$2 billion in February 12, 2018. He had been ranked No. 633 on Forbes’ list of \”The Richest People on The Planet 2014.
About Ronald Burkle in brief
Ronald Wayne Burkle is an American billionaire businessman. He is co-founder and managing partner of The Yucaipa Companies, LLC. His net worth was estimated at US$2 billion in February 12, 2018. He had been ranked No. 633 on Forbes’ list of \”The Richest People on The Planet 2014. Burkle has served as chairman of the board and controlling shareholder of numerous companies, including Alliance Entertainment, Golden State Foods, Dominick’s, Fred Meyer, Ralphs, and Food4Less. On January 22, 2019, Burkle was announced as the new lead investor of Major League Soccer franchise Sacramento Republic FC. He has also invested in technology startup companies through Inevitable Venture, a venture capital fund he founded with Ashton Kutcher and Guy Oseary. His investment portfolio includes SeatGeek, Uber, Warby Parker, Spotify, Foursquare, Airbnb, and Airbnb. He also owns the Pittsburgh Penguins of the National Hockey League, although his stake in the team is unknown. The Penguins, under the ownership of Burkle, are the only North American sports team with ties to private equity that won a championship. He was also one of the owners helping Commissioner Gary Bettman negotiate an end to the 2012–13 NHL lockout. He maintains close relationships with labor unions and works with unions to solve business problems.
His strong ties to union work also led him to be one of. the owners of the NFL’s San Francisco 49ers and the NBA’s San Antonio Spurs. He is a prominent Democratic activist and fundraiser. His wife, Janet Steeper, a Stater Bros. clerk and great-grandniece of the aviation pioneers, the Wright brothers, has three children together. His son, Joseph, is also a well-known philanthropist and has been involved in numerous causes, including the Save the Children Foundation and the American Civil Liberties Union. His daughter, Emma, is an accomplished singer-songwriter and has appeared on numerous television shows, including “American Idol” and “Saturday Night Live” He is the son of Joseph Burkle and his wife Betty Burkle. His children, Joseph and Emma, were born on November 12, 1952, in Pomona, California. His father worked seven days a week at a grocery store. He later became a vice president at Petrolane, Inc., Stater’s parent company. When he was 29, he secretly organized a leveraged buyout with Charles Munger, vice-chairman of Berkshire Hathaway, who agreed to put up half of the equity. He made at least one deal with the assistance of junk bond financier Michael Milken. In 1986, he founded a private equity firm.
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