(GuruFocus, October 6, 2009) If you don’t know David Rubenstein, you are not alone. He operates in Private Equity world, out of reach for most of us. Here is a brief bio from his company, The Carlyle’s Group’s website:
Forbes lists David Rubenstein as the #123 richest American in 2009 with $2.5 billion net worth. Last year he was #157 with $2.7 billion.
There is an IMF 2009 Conference going on in Istanbul, Turky and many business leaders, economists, and government ministers are attending. Bloomberg had a change to interview the otherwise “private” man. His opinion towards the US economy and US dollar is rather interesting.
Citing the declining percentage of US GDP vs. Worldwide GDP since WWII, Rubenstein thinks US will still be a large economy in the future, but not the largest GDP beyond 2030 to 2035, when China is going to overtake US as the largest economy.
Rubenstein expressed concerns of the high debts of the US, especially when and if people do not want to buy the US debt at low interest rate in the future.
He also talked about the how the credit and financial crisis affected his firm, and what lessons he learned during the process.
Watch the video.
David M. Rubenstein is a Co-Founder and Managing Director of The Carlyle Group, one of the world’s largest private equity firms. Mr. Rubenstein co-founded the firm in 1987. Since then, Carlyle has grown into a firm managing more than $86 billion from 28 offices around the world.
Forbes lists David Rubenstein as the #123 richest American in 2009 with $2.5 billion net worth. Last year he was #157 with $2.7 billion.
There is an IMF 2009 Conference going on in Istanbul, Turky and many business leaders, economists, and government ministers are attending. Bloomberg had a change to interview the otherwise “private” man. His opinion towards the US economy and US dollar is rather interesting.
Citing the declining percentage of US GDP vs. Worldwide GDP since WWII, Rubenstein thinks US will still be a large economy in the future, but not the largest GDP beyond 2030 to 2035, when China is going to overtake US as the largest economy.
Rubenstein expressed concerns of the high debts of the US, especially when and if people do not want to buy the US debt at low interest rate in the future.
He also talked about the how the credit and financial crisis affected his firm, and what lessons he learned during the process.
Watch the video.
