Ron Burkle Net Worth 2017: Short Bio & Wiki

How rich is Ron Burkle?

Ron Burkle net worth is
$2.6 Billion

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Ron Burkle Net Worth, Biography & Wiki 2017

Ronald Wayne Burkle was born on 12 November 1952, in Pomona, California USA, and is an investor and philanthropist, best known for being the co-founder of The Yucaipa Companies, LLC., which is dedicated to helping under performing companies in the US. All of Burkle’s efforts have helped put his net worth to where it is today.

So just how rich is Ron Burkle? As of mid-2016, sources inform us of a net worth that is at $2.6 billion, mostly earned through a successful career as an investor. His company is responsible for numerous acquisitions and mergers of various grocery chains, including Fred Meyer and Jurgensen’s. All of these have ensured the position of his wealth.

Ron Burkle Net Worth $2.6 billion

At a young age, Ron helped his father manage a grocery store, and saw how his father started investing savings into apartment buildings. After matriculating from high school, he attended California State Polytechnic University, Pomona to study dentistry, but dropped out two years later. Early in his career, he turned a $3,000 investment in American Silver into $30,000, and would look to use the money to flip grocery stores that were not doing well. He then became the store manager of Stater Bros, and later the vice-president of the parent company Petrolane, Inc. He tried to buy out Stater Bros but was rejected, and he would then use the next five years to continuously invest in stocks and rental properties his family owned. His net worth was around $5 million at this point.

In 1986, he founded Yucaipa Companies, and would become a shareholder of numerous companies, which include Dominick’s, Ralphs, Food4Less, and Alliance Entertainment. He is also a board member of Yahoo!, Occidental Petroleum Corporation and KB Home. All contribute to his net worth.

Aside from these, it is known that he is a part owner of the National Hockey League (NHL) team, the Pittsburgh Penguins though the extent of his share is undisclosed. He’s also invested in numerous technology start-ups including SoundCloud and Airbnb, and in the entertainment company Three Lions Entertainment, and bought Wild Oats Market stock to the extent where he is the largest shareholder. He was also one of the majority stake holders of Golden State Foods but eventually sold his share of one of the biggest McDonald’s suppliers.

He’s made numerous transactions and investments which continuously improved his net worth. Some of these include selling Food 4 Less, Ralphs, and Fred Meyer to Kroger for a total of $13.5 billion. He also owns almost 20% of the common stock of Barnes & Noble and sold the Dominick’s chain for over $200 million in any awards and honors; these include the AIDS Project Los Angeles Commitment to Life Award, The Los Angeles County Federation of Labour Man of the Year, and the Los Angeles Urban League Whitney M. Young Award.

For his personal life, it is known that Burkle was married to Janet Steeper(1974-2006) and they have three children. Ronald is a fan of historic architecture, and has been responsible for the restoration of a few sites including Ennis House designed by Frank Lloyd Wright, and he also purchased a Jesse Owens’ Olympic gold medal. He does numerous philanthropic works too, mostly through The Ronald W. Burkle Foundation. He is also the co-chairman of The Ronald W. Burkle Center of International Relations, which promotes global cooperation.

Quick Facts

Birth date: November 12, 1952
Birth place: Pomona, California, USA
Profession:Investor
Nationality:American
Spouse:Janet Steeper (m. 1974–2006)
Parents:Joseph Burkle, Betty Burkle
Nominations:Drama League Award for Outstanding Production of a Broadway or Off-Broadway Musical
Movies:Rules Don't Apply
imdb.com/name/nm0122035/
en.wikipedia.org/wiki/Ronald_Burkle


Interesting Facts

#Fact
1Raffaello Follieri plead guilty in September 2008 to misappropriating $50 million of Burkle's and other investors' money in a Ponzi scheme involving properties owned by the Catholic Church. The FBI says that Follieri may have defrauded investors of as much as $100 million.
2Co-owner of the Pittsburgh Penguins, he invested $20 million to help Mario Lemieux save the team from bankruptcy.
3Longtime Democratic Party supporter, his company employs Bill Clinton to help identify investment opportunities.


Filmography

Producer

Producer

TitleYearStatusCharacter
Airplane Mode2016/Iexecutive producer post-production
The Crowexecutive producer pre-production
Rules Don't Apply2016producer - produced by
Crouching Tiger, Hidden Dragon: Sword of Destiny2016executive producer
Jane Got a Gun2016co-executive producer
Earth to Echo2014executive producer
3 Days to Kill2014co-executive producer
Out of the Furnace2013executive producer
The Family2013/Ico-executive producer
August: Osage County2013executive producer
21 & Over2013executive producer
Safe Haven2013/Iexecutive producer
Movie 432013executive producer
The Secret Life of Girls1999executive producer

Thanks

Thanks

TitleYearStatusCharacter
Woman in Gold2015thanks

Archive Footage

Archive Footage

TitleYearStatusCharacter
American Greed2010TV Series documentaryHimself

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