Each co-founders net worth fell by over $1 billion in the September 2008 financial implosion. Carlyle's assets under management fell by $5.4 billion from $91.5 to $86.1 billion. Carlyle scrambled for cash, receiving $681 million in capital calls from CalPERS. Good times returned for Carlyle, in part due to Uncle Sam's TARP support for Boston Private Financial Holdings and the FDIC's $2.27 billion cash gift for BankUnited. The Palm Beach Post finally took note.
Carlyle's co-founders are collectively known as the DBD's. Several DBD funds are listed with the SEC and these could be seen as a proxy for the founders' wealth.
DBD Cayman Holdings Ltd - increased by $7 billion in one year
2011 - $0.5 billion
2012 - $7.5 billion
DBD Investors V Holdings, L.L.C. - increased by $1.7 billion this past year.
2011 - $0.45 billion
2012 - $2.2 billion
It looks like the DBD's are doing fine. Carlyle distributed $6.4 billion to investors for the first three months of 2011. That means Carlyle took $1.6 billion in carry. Holdings are up, carry is up, one might expect Carlyle's co-founders' net worth to rise more than $100 million. Their 2011 pay amounted to $138 million apiece.
Was it too late to include this data in Forbes Billionaire estimator methodology? Maybe so.
