David Rubenstein, Trinity ‘70 and member of the Board of Trustees since 2003, is spreading his wealth.
Rubenstein donated $10 million to the Lincoln Center for the Performing Arts in New York City, the New York Times reported Wednesday.
Rubenstein added to the center’s $1.2 billion redevelopment project, and the center will name its new visitors and ticket space on Broadway the David Rubenstein Atrium at Lincoln Center, the Times reported. The site will offer discounted tickets and free shows, and it is scheduled to open Nov. 24.
The donation was sparked by Rubenstein’s 60th birthday last month, according to the article, which reports that Rubenstein made $2.7 billion as managing director of The Carlyle Group. Estimating that he could live to about 81 years old, Rubenstein has decided to give his money away to causes he supports before he dies.
“My view is, if you have money, you can spend it, you can save it, or you can give it away,” Rubenstein said to the Times. “I bought all the things I need to buy.”
Since Rubenstein co-founded The Carlyle Group in 1987, the company has expanded to house offices in 20 countries with more than 1,290 investors from 72 countries. The Carlyle Group manages about $86.1 billion in assets, according to its Web site.
Along with his commitment to the Duke Board of Trustees, Rubenstein also serves on the boards of 30 other institutions—which he also supports financially, the article states.
In addition to using his wealth to underwrite scholarships and fund arts centers, Rubenstein has purchased several historical documents which he has loaned to American museums, including copies of the Declaration of Independence, the Constitution and the Emancipation Proclamation, according to the article.
“Being happy in life is not easy,” Rubenstien said in the Times. “I would give up all the money I have if I could be 50. You can always make money.”
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