Thursday, September 18, 2008

Forbes Richests: Carlyle Group's Founders at $2.7 billion

The three founders of The Carlyle Group landed at #155 on the latest Forbes Richest 400 list. David Rubenstein, William Conway and Daniel D'Aniello founded the firm in the 1980's, but their growth under the Bush administration has been spectacular. When the public voted for George W., Carlyle managed $5.8 billion in assets. They now manage $90 billion across 64 funds.

While the last year has been tough for most Americans, the three private equity underwriters saw their holdings grow by $200 million. Of course, Congress' keeping preferred taxation on carried interest had to help the PEU boys.