Ronald Wayne Burkle was born on November 12,1952 and is an American businessman.
39 Facts About Ronald Burkle
2.
Ronald Burkle is the co-founder and managing partner of The Yucaipa Companies, LLC, a private investment firm that specializes in US companies in the distribution, logistics, food, retail, consumer, hospitality, entertainment, sports, and light industrial sectors.
3.
Ron Ronald Burkle was born on November 12,1952, the elder of two sons, to Betty and Joseph Ronald Burkle in Pomona, California.
4.
Ronald Burkle parlayed a $3,000 investment in American Silver and another metals company into $30,000 and began investing in and flipping undervalued grocery stores.
5.
Ronald Burkle made at least one deal with the assistance of junk bond financier Michael Milken.
6.
Ronald Burkle secretly organized a leveraged buyout with Charles Munger, vice-chairman of Berkshire Hathaway, who agreed to put up half of the equity.
7.
Ronald Burkle's portfolio was by then worth some $5 million, and during the next five years, he continued to invest in stocks and oversaw his family's rental properties.
8.
In 1986, Ronald Burkle founded Yucaipa Companies, a private equity firm which invests in US companies in the hospitality, sports, entertainment, logistics, food, consumer, light industrial, retail, manufacturing, and distribution.
9.
Ronald 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.
10.
Ronald Burkle is often seen as a businessman who maintains close relationships with labor unions and works with unions to solve business problems.
11.
Ronald Burkle is part owner of the Pittsburgh Penguins of the National Hockey League, although his stake in the team is unknown.
12.
Ronald Burkle played an active part in negotiations to construct the PPG Paints Arena for the Penguins.
13.
The Penguins, under the ownership of Ronald Burkle, are the only North American sports team with ties to private equity that has won a championship.
14.
On January 22,2019, Ronald Burkle was announced as the new lead investor of Sacramento Republic FC.
15.
On February 26,2021, Ronald Burkle announced that he was pulling out his interests in Major League Soccer expansion club in Sacramento due to the COVID-19 pandemic in California.
16.
However, Ronald Burkle never confirmed the news publicly before exiting the Sacramento Republic's ownership group.
17.
Ronald Burkle has invested in technology startup companies through A-Grade Investments, a venture capital fund he founded with Ashton Kutcher and Guy Oseary.
18.
In January 2012, Ronald Burkle invested in Artist Group International, a concert-booking firm whose clients include Billy Joel, Metallica, and Rod Stewart.
19.
In March 2013, Ronald Burkle invested in a branded entertainment company, Three Lions Entertainment, which focuses on branded entertainment events and cross platform marketing.
20.
That same year, Ronald Burkle acquired a minority stake in Independent Talent through Yucaipa fund.
21.
In 2020, Ronald Burkle made a major investment in the musical festival production Danny Wimmer Presents.
22.
Ronald Burkle sold his majority stake in supplier Golden State Foods to St Louis-based Wetterau Associates for about $110 million.
23.
In 2014, Ronald Burkle acquired Soho House, a chain of hotels and private members' clubs.
24.
Ronald Burkle maintains ownership stakes in a number of other hotel properties.
25.
Ronald Burkle has personally contributed millions of dollars to the Democratic Party and raised an estimated $100 million at celebrity-studded fundraising events he hosted for Democratic Party candidates at his Green Acres Estate in Beverly Hills, California.
26.
Ronald Burkle has hosted fundraisers for Bill and Hillary Clinton, John Kerry, Cory Booker, and Terry McAuliffe, as well as former Republican California Governor Arnold Schwarzenegger, among others.
27.
In 2004, Ronald Burkle helped finance the launch of Al Gore's Current TV, which was sold in January 2013 to Qatar-based cable news channel Al Jazeera.
28.
In 2002, Ronald Burkle hired Clinton as a senior advisor on two Yucaipa domestic investment funds.
29.
Ronald Burkle has received numerous honors and awards from labor including the AFL-CIO Murray Green Meany Kirkland Community Service Award and the Los Angeles County Federation of Labor Man of the Year.
30.
In 1997, Ronald Burkle donated $15 million for the construction of Walt Disney Concert Hall.
31.
Ronald Burkle is a trustee of The Scripps Research Institute, The Carter Center, the National Urban League, Frank Lloyd Wright Building Conservancy and AIDS Project Los Angeles.
32.
Ronald Burkle owns two of entertainer Bob Hope's properties, acquiring his John Lautner-designed Palm Springs home for $13 million in 2016 and Toluca Lake, CA home, originally designed by Richard Finkelhor in the 1930s and expanded in the 1950s by John Elgin Woolf, for $15 million in 2017.
33.
In December 2013, Ronald Burkle purchased an Olympic gold medal won by Jesse Owens at the 1936 Berlin Games for $1.4 million and owns William Faulkner's Nobel Prize for Literature.
34.
Ronald Burkle owns the Mediterranean-styled mansion overlooking the bluffs of Black's Beach on a nearly six-acre plot in the La Jolla Farms neighborhood of San Diego, California.
35.
Ronald Burkle has worked with Novak Djokovic, world No 1 tennis player at the time, on strategic marketing and charitable initiatives.
36.
In December 2018, the Serbian Government opened a consulate in Montana and Ronald Burkle was named honorary consul of Serbia in the US.
37.
Ronald Burkle secretly videotaped two private meetings between himself and Stern, with the second meeting orchestrated and monitored by the FBI.
38.
Ronald Burkle's name was found in Jeffrey Epstein's black book and on Epstein's private jet log.
39.
Ronald Burkle took what were described as humanitarian trips to Africa with Bill Clinton on Epstein's private Boeing 727, the Lolita Express.