Ron Burkle is an American businessman. He is the co-founder and managing partner of The Yucaipa Companies, LLC, a private investment firm that specializes in U.S. companies in the food, logistics, distribution, retail, consumer, hospitality, entertainment, sports, and light industrial sectors.
Ron Burkle Net Worth: Discover Run Burkle’s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn how rich she is and how she spends money? Also, learn how she has acquired her net worth.
|Net Worth:||$2 billion|
|Birth Date:||November 12, 1952|
|Birthplace:||Pomona, California, USA|
|Last Updated:||August 2021|
Table of Contents
Ron Burkle has an estimated net worth of 2 billion dollars. His wealth mainly comes from his career as the co-founder of private investment firm The Yucaipa Companies.
Ronald Wayne Burkle was born on November 12, 1952 in Pomona, California. He has one younger brother. He grew up together with his mother Betty and his father Joseph. His father was the manager of a Stater Bros. groocery store. When Ron was a child he would work in the store, stocking shelves and retrieving shopping carts.
He graduated from high school at age 16 and briefly studied dentistry at California State Polytechnic University in Pomona. Ron dropped out of college after less than two years and then went back to stocking shelves in his father’s store.
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. He made at least one deal with the assistance of junk bond financier Michael Milken.
Dating and Relationship Status
At age 21, he married Janet Steeper. She was a clerk at Stater Bros., but what’s more interesting is that she was a great-grandnice of the aviation pioneers, the Wright brothers.
Together, they would have three children.
In the year 1986, Ron founded the private equity firm Yucaipa Companies. The Yucaipa Companies is an American private equity firm that specializes in private equity and venture capital. They have a focus on middle-market companies, growth capital, industry consolidation, leveraged buyouts, and turnaround investments.
During the Los Angeles riots in 1992, Burkle earned praise for refusing to close his inner-city stores. In 1999, Ron and former Pittsburgh Penguin Mario Lemieux saved the Penguins from bankruptcy, and he was involved in negotiations to build the PPG Paints Arena for the team and to end the 2012–2013 NHL lockout.
It’s also under the ownership of Ron Burkly that the Penguins won the Stanley Cup in 2009, 2016, and 2017, making them the only championship-winning sports team in North America to have ties to private equity.
In January 2021, it was announced that Burkle would be the lead investor of the future MLS franchise the Sacramento Republic, but he pulled out in February 2021 due to the COVID-19 pandemic.
Ron also co-founded the venture capital fund A-Grade Investments with Guy Oseary and Ashton Kutcher, and as of 2020, the fund’s investment portfolio included companies such as Uber, SoundCloud, Spotify, and Airbnb.
With the venture capital fund Inevitable Venture, he has invested in various technology startups. In the entertainment industry, Burkle has invested in Artist Group International and Three Lions Entertainment, and he purchased Artist Group International in 2014. Ron has acquired minority stakes in the Primavera Sound music festival and Independent Talent, and in 2020, he invested in the musical festival Danny Wimmer Presents.
Final Words on Net Worth
Ron Burkle is an interesting businessman and for sure we will hear more about him. He has a very impressive net worth.