Friday, March 24, 2006

He's Forbes' #112

He only has a high school diploma, but Ron Burkle ranks No. 112 of the 400 richest guys in the U.S., according to Forbes Magazine. Here’s his Forbes profile:

Net Worth: $2.3 billion

Source: Investments, supermarkets, investments
Self made
Age: 52
Marital Status: Divorced, 3 children, 1 divorce
Hometown: Los Angeles, CA
Education:
High School, Diploma

Former bag boy founded investment company Yucaipa 1986; made fortune with leveraged buyouts of supermarket chains Fred Meyer, Jurgensen's, Ralph's. Dealmaking ever since. Recent transactions: invested $100 million in Sean (P. Diddy) Combs' Sean John clothing line; sold majority stake in food supplier Golden State Foods to Wetterau Associates, of St. Louis, for $110 million. Last year merged Alliance Entertainment with publicly traded Source Interlink. Also big stake in Pathmark grocery stores. Longtime Democratic fundraiser a close friend of Bill Clinton; former President calls Burkle's 757 private jet "Ron Air."

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