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 »

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 »

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