Yucaipa Companies Exposed
American business magnate Ronald Wayne Burkle comes with an estimated net worth of $2.3 billion in 2012, according to Forbes.
After employed as a bag boy in a grocery store owned by his father, Ronald Burkle decided to drop out of school to establish his private equity firm,Yucaipa Companies. The company mainly invests on supply, production and retailing. Later on, he became the company’s Chairman of the Board.
His visions to become successful on earth of business didn’t just cease at Yucaipa Companies. Through work and determination, he became the commanding stockholders of several businesses in the US which include Golden States Food, Alliance Entertainment, Ralphs, Food4Less, Dominick’s and Fred Meyer. He now serves as one of the board members of KB Home, Yahoo! and Occidental Petroleum Corporation. Lately, he invested atThree Lions Entertainment, a branded entertainment business. He co-owns thePittsburgh Penguinsfranchise of the National Hockey League with Mario Lemieux.
Ronald wasmarried toJanet Steeper and they had three kids together.
Ronald Wayne Burkle (created November 12, 1952) is an American business magnate. Burkle’s net worth is estimated at $2.9 billion. He was rated #633 on Forbes’ list of “The Richest People On The Planet 2014.” Burkle is a prominent Democratic activist and fundraiser. Burkle has personally provided millions of dollars to the Democratic Party and raised an estimated $100 million at celebrity-studded fundraising occasions he hosted for democratic candidates at his Green Acres Estate in Beverly Hills, CA. In January 2011, Burkle hosted a fundraiser to support attempts to overturn Proposition 8, California’s ban on same-sex marriage. Elton John performed in the event. In 2004, Burkle helped fund the launching of Al Gore’s Current TV, which was sold in January 2013 to Qatar-based cable-news station Al Jazeera. During Bill Clinton’s presidency, Burkle was a vital fundraiser and they became close buddies. In 2002, Burkle hired Clinton as a senior advisor on two Yucaipa national investment funds. Clinton also invested in a Yucaipa international fund focused on foreign businesses. In a interview together with The Wall Street Journal, then-Sen. Hillary Clinton expressed concern that such investments could be used by foreign governments as “instruments of foreign policy.” In 2009 Bill Clinton ended his relationship with Yucaipa to shield Hillary Clinton’s presidential campaign from potential conflicts of interest.