Ron Burkle fortune

Born in Pomona, California, USA on November 12, 1952, Ronald Wayne Burkle is an investor and philanthropist best known as the co-founder of The Yucaipa Companies, LLC. All of Burkle’s efforts have helped make his fortune what it is today.

How rich is Ron Burkle? Sources tell us in mid-2016 that it had net worth of $ 2.6 billion, mainly made through a successful career as an investor. His company is responsible for numerous acquisitions and mergers of various grocery chains, including Fred Meyer and J├╝rgensen. All of this has secured the position of his wealth.

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Ron Burkle net worth of $ 2.6 billion

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At a young age, Ron helped his father run a grocery store and saw his father start investing savings in apartment buildings. After enrolling high school, he attended California State Polytechnic University in 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 wanted to use the money to turn over grocery stores that weren’t doing well. He then became branch manager of Stater Bros and later became vice president of parent company Petrolane, Inc. He attempted to buy Stater Bros but was turned down and spent the next five years continuously investing in his family’s stocks and rental properties. His net worth at the time was around $ 5 million.

In 1986 he founded the Yucaipa Companies and became a shareholder in numerous companies including Dominick’s, Ralphs, Food4Less and Alliance Entertainment. He is also a board member of Yahoo !, Occidental Petroleum Corporation and KB Home. Everyone contributes to his fortune.

That being said, he is known to be part owner of the National Hockey League (NHL) team, the Pittsburgh Penguins, although the size of his stake is unknown. He has also invested in numerous tech startups like SoundCloud and Airbnb, as well as entertainment company Three Lions Entertainment, and bought shares in Wild Oats Market to the extent that he is the largest shareholder. He was also a majority shareholder in Golden State Foods, but eventually sold his stake in one of the largest McDonald’s suppliers.

He has made numerous transactions and investments that have steadily improved his fortune. Some of these are the sale of Food 4 Less, Ralphs, and Fred Meyer to Kroger for a total of $ 13.5 billion. He also owns nearly 20% of the common stock of Barnes & Noble and sold the Dominick chain for over $ 200 million in awards and honors; These include the AIDS Project Los Angeles Commitment to Life Award, the Los Angeles County Federation of Labor 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. A fan of historic architecture, Ronald was responsible for the restoration of a number of sites, including the Ennis House designed by Frank Lloyd Wright, and he also earned an Olympic gold medal from Jesse Owens. He also does numerous philanthropic works, primarily through the Ronald W. Burkle Foundation. He is also co-chair of the Ronald W. Burkle Center of International Relations, which promotes global collaboration.

Ron Burkle’s Net Worth post first appeared on Net Worth Post.

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