David Rubenstein

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Philanthropist Gives $18.5M to Fix Up Lincoln Memorial

'I’m very honored as an American to be able to contribute in this way'

(Newser) - The Lincoln Memorial will be getting a much-needed facelift in the coming years thanks to an $18.5 million donation from one history-loving philanthropist, CNN reports. "Lincoln deserves to have his memorial in tip-top shape," David Rubenstein tells the AP . The president of the National Park Foundation admits... More »

Washington Relights Quake-Hit Monument

488 lights will keep it glowing during repairs

(Newser) - While the Washington Monument is closed for earthquake damage repairs over the next year, 488 lamps will restore the marble tower's glow each night on the National Mall. The National Park Service lit up the monument for the first time last night, and will continue to do so each... More »

Billionaire Pays to Fix Washington Monument

David Rubenstein chips in $7.5M

(Newser) - Billionaire history buff and Carlyle Group co-founder David Rubenstein has agreed to chip in $7.5 million to help repair the damage the Washington Monument suffered in the August earthquake that shook the region. Congress had already allocated $7.5 million to the task, and expected an equal amount to... More »

Magna Carta Back in US Archives

Carlyle Group founder returns it after buying for $21.3M

(Newser) - The Magna Carta returned to the National Archives yesterday after facing an uncertain fate on the auction block last year, the Washington Post reports. The 13th-century English document, a precursor to the US Bill of Rights 500 years later, is now on permanent loan from a US businessman who bought... More »

Public Binge Predicted for Private Equity

Carlyle chief: All the big players will do IPOs within 5 years

(Newser) - Private equity giant Carlyle Group will likely go public within five years, its co-founder said at a conference yesterday. David Rubenstein predicted a sea-change for the industry, as fund founders cash out before they retire, the FT reports. More »

5 Stories