[103], In December 2013, Burkle purchased an Olympic gold medal won by Jesse Owens at the 1936 Berlin Games for $1.4 million[104] and owns William Faulkner's Nobel Prize for Literature. In January 2011, he hosted a fundraiser to support efforts to overturn Proposition 8, California's ban on same-sex marriage. Ronald W. Burkle, one of California's richest men, has quietly amassed billions of dollars over the years, along with a collection of houses -- including the silent film star Harold . Burkle parlayed a $3,000 investment in American Silver and another metals company into $30,000 and began investing in and flipping undervalued grocery stores. Billionaire Ron Burkle's son Andrew was remembered as a "giant among men" in an emotional tribute posted this week by his heartbroken brother. The engaged couple eventually made their way down the aisle on October 22, 2016. Ron Burkle was born on Nov. 12, 1952 in Pomona, Calif., the first of two sons born to Joseph and Betty Burkle. "[88][89] The Center has hosted UN Secretary-General Ban Ki-moon, and former U.S. presidents Bill Clinton and Jimmy Carter. By the time Whole Foods Market, a natural-foods grocer, agreed to pay $565 million for Wild Oats, Burkle was the largest shareholder of Wild Oats. He owns interests in two supermarket chains, Wild Oats, based in Colorado, and Pathmark, concentrated on the East Coast. Billionaire Son Found Dead In His Apartment. The former leader of the free world also is believed to get a slice of Yucaipas profits when the international fund (the last of the four) is finished liquidating five years from now or later. Burkle, in the court records, said he had a partnership with Clinton and the California Public Employees Retirement System, which invests in labor-friendly companies. The liberal California investor has long tangled with the tabloid press. In April he raised $1 million hosting a dinner for Hillary Clinton, a likely contender for the White House in 2008; shortly before the election Nancy Pelosi, the next speaker of the house, dropped by his office in Hollywood to say hello. When one item unfavorably contrasted him with a financier he detests, Burkles lawyers launched a letter demanding a retraction and an apology. In 2000 Burkle decided to launch a few private equity funds aimed at big no-auction deals (he has been the sole bidder in 75% of his transactions), and he brandished a well-honed talent for mixing business and politics. In a recent and rare interview for the Wall Street Journal, Ron Burkle finally talks about his latest purchase: The Neverland Ranch. Birthday : 11/12/1952. Clinton writes of noticing that some stores were spared the widespread looting and arson in the riots and that he learned these outlets were owned by Ron Burkle, benefactor of the working poor. The body of Andrew Burkle, who helped run a Hollywood production company, was discovered by autho Every item on this page was chosen by a Town & Country editor. He maintains ownership stakes in a number of other hotel properties.[50]. Since the mid-2000s, when he divorced his wife, his name would often be cited as a guest at model-filled social events, or alongside celebrities such as Paris Hilton. When he was 29, Petrolane decided to sell Stater Bros.[1] Burkle secretly organized a leveraged buyout with Charles Munger, vice-chairman of Berkshire Hathaway, who agreed to put up half of the equity. But, Quintero said, he won the support of the group that had offered financing for the attempted buyout, including Warren Buffet's Berkshire Hathaway, and other financiers in the company's circle. We know how to help solve those problems. Still, he says, There is tremendous value in that content. [1][10], Burkle was promoted to store manager at Stater Bros. and later became a vice president at Petrolane, Inc., Stater's parent company. Burkle's usual means of transport is the custom-converted Boeing 757 that Clinton calls "Ron Air" and that Burkle's own circle of young aides privately refer to as "Air Fuck One . Bill Clinton visited Ron Burkle at home in Santa Monica in July, 1997. paying Pellicano to investigate each other, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Bruce Bennett/Getty Images At around 7:26 p.m. on Monday, police received a call about an "unconscious male," a spokesman for the Beverly . They were bros before that word was even in vogue, having met in 1992 . In 1986 he formed Yucaipa Cos., naming it after the California town where he was living at the time, and began buying and selling small grocery store chains. [43], In 2018, Burkle's investment firm Yucaipa acquired a minority stake in the Spanish music festival Primavera Sound. There was no such eavesdropping. To ferret out new steals and deals, he counts on rainmaker Clinton. [14], He has served as chairman of the board and controlling shareholder of numerous companies, including Alliance Entertainment,[15] Golden State Foods, Dominick's, Fred Meyer, Ralphs, and Food4Less. For Jared Paul Stern, who at the time was second banana at the Posts influential Page Six column, the ancillary business was fashion design. On April 21, he held a fundraiser at Green Acres for Sen. Hillary Clinton, D-N.Y. Clinton's husband, meanwhile, sits on the board of Burkle's investment company, the Yucaipa Cos., and reportedly shares in the profits of successful investments. That gave him ready access to James Cantalupo, who was McDonalds chief until he died suddenly in 2004. His security team, said one of Mr. Burkle's associates, includes a former Secret Service agent. Most recently, Burkle and his Yucaipa Cos. spearheaded a bid for the 12 Knight Ridder papers put up for sale by McClatchy Co. in March. She also engaged a preeminent forensic accounting firm, and hired a private investigative firm to conduct an asset search on her behalf. The application accused her husband of spying on her, their young son and her boyfriend. But for the most part, Mr. Burkle, who sits on the boards of the Occidental Petroleum Corporation and Yahoo, has avoiding engaging in high-profile business disputes. Her husband had hand-tailored suits and employed a valet, she said. Place of birth : Pomona (Californie) - United States. Burkle's portfolio was by then worth some $5 million, and during the next five years, he continued to invest in stocks and oversaw his family's rental properties. But if Burkle and his phalanx of publicists and lawyers thought the "gotcha!" Burkle also has been slapped around by the bitchy media blog Gawker.com53 citings since March. 757. Location Malibu Colony, Malibu, Calif. Price $13.5 million. He also invested in what he knew best, grocery store stocks, helped by a sharp eye for undervalued real estate. Arnold Schwarzenegger and Los Angeles Mayor Antonio Villaraigosa. Andrew Burkle, son of billionaire tycoon Ronald Burkle, has been found dead aged 27 at his home in Beverly Hills just days after . Billionaires generally have big houses . , which owns the Chicago Tribune and the Los Angeles Times. While acknowledging he is a successful investor and businessman, Burkle said his wifes portrayal of him could hurt his relationship with leaders of organized labor. Ron Burkle Owns Neverland, but His Collection of Homes Extends Far Beyond Michael Jackson's Ranch. Hes invaluable, Burkle says of his idol. Current TVnow has 40 million subscribers and a new user-generated content agreement with [8] Following "months" of negotiations, the two were not able to agree on a final payment for Clinton's advisory services, estimated at up to $20 million, and Clinton "walked away" from the potential payout. Biography of Ronald Burkle. He's also co-owner of the Pittsburgh Penguins. After losing Florida Gore decided to buy a cable channel broadcasting Canadian news with 14 million subscribers from He has been a corporate board member of the boards of Occidental Petroleum Corporation,[16] KB Home, and Yahoo! PITTSBURGH -- Mario Lemieux and Ron Burkle rescued the Pittsburgh Penguins out of bankruptcy more than 20 years ago, a decision that helped turn the team into one of the NHL's marquee franchises. Ron Burkle, who has long been obsessed with gaining control over the hidden levers of power and celebrity, is like a boy who cant resist playing with fire. Harvey Weinstein gave some reporters book deals through the publishing arm of Miramax; other studio heads offered writers script development deals, and one top editor simply accepted bags of cash. Burkle and Clinton spend hours flying together onboard Burkles Business triumphs: Sold Alpha Beta, Ralphs and Food 4 Less chains to Kroger for nearly $13 billion in 1999. https://www.wsj.com/articles/ron-burkle-neverland-and-other-homes-11625161492. He failed and was fired in 1986. That moment has its own bit of mythmaking. With every chomp, its hoped that theyll reduce the scale of potential wildfires that plague the area. A close study of his circle social, professional, transactional reveals a damning portrait of elite New York", "Jeffrey Epstein Moved Freely in Hollywood Circles Even After 2008 Conviction", Ron Burkle's federal campaign contributions, Gore reinvents television with the debut of Current, Billionaire and Post Writer in Dance of Tips and Turns, Ex-Post Keyholer Says Hes Cleared on Extortion Rap, Burkle's Source Agrees to Buy Primedia Magazine Group (Update4), Dow Jones Union Asks Tycoons to explore Alternatives to News Corp Bid, https://en.wikipedia.org/w/index.php?title=Ronald_Burkle&oldid=1132856660. By Observer Staff 04/13/06 12:50am. A neighbors cows are permitted to graze on the ranch under the hot sun. Golden State, one of McDonald's biggest suppliers, operates 11 distribution centers in the United States and abroad and two U.S. processing plants. Larry got down on one knee. By Doha Madani and Diana Dasrath. [30], Burkle has invested in technology startup companies through A-Grade Investments, a venture capital fund he founded with Ashton Kutcher and Guy Oseary. -- quickly leaked to newspapers -- would quiet the baying hounds, he overestimated his clout, at least in the big leagues of scandal. Burkle wont reveal the details, but it appears that Clinton gets a cut of any profits the company makes on two funds so long as their returns exceed 8% a year. The two men would become close friends, albeit in the Presidents memoir, published in 2004, Burkle is cited only twice in 969 pages: He is one of 57 people named in the twelfth paragraph of 4 pages of acknowledgments; and their first meeting shows up on page 409. He secretly videotaped two private meetings between himself and Stern, with the second meeting orchestrated and monitored by the FBI. At the time, his public image was of a supremely eligible, billionaire bachelor. Previously, he bought Chicago's Dominick's chain and sold it to Safeway for $1.2 billion, earning himself and his investors enormous returns. Burkle prefers an inside track, and his good reputation among union officials helps him get it. Awards", "Los Angeles County Federation of Labor Man of the Year", "We Can Actually Solve the Problem of Childhood Hunger, Says Participant's Jim Berk", "Judd Apatow Honored by The Rape Foundation", "Jennifer Garner Honored at Rape Foundation Brunch", Frank Lloyd Wrights Ennis House Sells for $18 Million, Setting New Record, "Bob Hope's Toluca Lake Estate Finally Sellsto Billionaire Ron Burkle", "Penguins co-owner Burkle pays 1.4 million for Jesse Owens' gold medal", "Jesse Owens Medal Sold to Billionaire Burkle for $1.5 Million", "Next Makeover for a New No. This page was last edited on 10 January 2023, at 22:57. A Pomona native who got his start in the grocery business, he's run investment firm Yucaipa Companies for more than 30 years. His father worked as a grocer. Ben Widdicombe reports for T&C on the nexus of privilege and power, and the badand occasionally goodbehavior of the very rich. Rules Don't Apply is a 2016 American romantic comedy-drama film written, produced and directed by Warren Beatty.It is loosely based on the life of businessman and film producer Howard Hughes.The ensemble cast features Beatty, in his first screen acting role in 15 years, Annette Bening, Matthew Broderick, Lily Collins and Alden Ehrenreich.Set in 1958 Hollywood, the film follows the romantic . "[78], In 2009, Bill Clinton ended his relationship with Yucaipa due to potential conflicts of interest. Philanthropy. (Haley Nelson/Post-Gazette) Ron Burkle, the tactician. Meanwhile, industry chatter about a Wasserman transaction spurred . At least that's how Burkle describes the encounter, which has sent a titillating rush through gossip pages and newspapers across the country. In the realm of scandals, too, Burkle, who made his billions from California supermarket chains, now appears to be in a league of his own. Ron Burkle made two donations of $100,000 to Terry McAuliffe's campaign to be the next governor of Virginia during the past year, including one in September, according to new filings. You may change your billing preferences at any time in the Customer Center or call There is value to that., One likely partner: United Food & Commercial Workers International Union, whose president, Joseph Hansen, allied with Burkle in 2005 when he bought a controlling stake in Pathmark (he purchased 40% of the common stockplus some additional warrantsfor $150 million; the stake is now worth $330 million). When Clinton and former President George H.W. Lot Size 9,018 square feet. April 8, 2006. LAND MAN In the mid-1990s Ron Burkle the billionaire currently being sued over a botched Major League Soccer dealwas approached by an upstart investor named Bill Browder, who was trying to raise . Ronald Burkle multiplied his fortune by merging, buying and selling supermarket chains, including Ralphs Grocery Co. and Food4Less. [1] They had three children together. Andrew Burkle, the son of billionaire businessman Ronald Burkle, was found dead on Monday night at age 27 in his Beverly Hills home, People reported. [45], Wild Oats Markets was an operator of natural foods stores and farmers' markets in North America. ". The property formerly known as Neverland Ranch, home to the late Michael Jackson, has been purchased by Pittsburgh Penguins co-owner Ron Burkle, Burkle's spokesman confirmed to CNN Saturday. Burkle hated the Post for its conservative politics and, he felt, unflattering personal coverage. 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A 2017 nondisclosure agreement with Ron Burkle established during sale talks over disgraced mogul Harvey Weinstein's company is at the center of a legal battle with the TWC assets' owners. You'd never suspect he's a billionaire.". The son of California billionaire Ron Burkle was found dead at his home in Beverly Hills, California, the Los Angeles County coroner said Tuesday. McDonalds After all, it is widely credited with assisting Donald Trumps ascent to the presidency, with its catch-and-kill strategy of burying reports about his alleged affairs. Unfortunately, he passed away on January 6, 2020. He tried complaining about it directly to Murdoch, his fellow billionaire, but been rebuffed. Getty Images. The grocery magnates family life, the unsealed records show, was supremely up-market. In April 1997, Ms. Burkle hired a personal attorney who assisted her in interviewing and obtaining family law counsel. He is a friend of Bill Clinton and a heavy Democratic political donor, and he also contributed to Schwarzeneggers campaign fund for ballot measures in 2006. Items about Mr. Burkle's social life and personal comings and goings began appearing on the page without any warning, or so much as a call for comment, the associate said -- and with little resemblance to the truth. General Motors He left with $8,450 in pay, vacation and severance; he still keeps that pay stub and the handscrawled rsum he wrote summarizing his one-company career. The Yucaipa Companies is a premier investment firm that has established a record of fostering economic value through the growth and responsible development of companies. A board member of the Getty Trust and other museums, he's a major collector of everything from old Masters to post-Impressionist works. We sustained losses, he says, but they were far less than at the other stores and chains.. But the reporter was too smart to take the proffered gym bag full of greenbacks, and the ensuing scandal coverage (my own rival tabloid was only too happy run it on the front page for weeks) was as messy as it was inconclusive. But he lost badly in trying to get his 5,000-page divorce record sealed to protect his familys privacyand his own image. DirecTV In 2007, Burkle filed suit against Follieri for misappropriating funds to the tune of $1.3 million. He has been the target of two dreaded media figures: The infamous Hollywood sleaze-digger and private eye Anthony Pellicano, whom Burkle feared was investigating him; and a freelancer for the New York Post who (says Burkle) tried to extort $100,000 from him to keep Burkle out of the tabloids dreaded gossip column, Page Six. He says he derailed the vacation for similar concerns and that she had tried to get their son to lie to Burkle about her rehiring of a nanny. He operates from a clutch of relatively nondescript offices on Sunset Boulevard in Los Angeles that once belonged to David Geffen, the DreamWorks co-founder. There is absolutely zero chance that Ron would invest with Follieri, directly or indirectly.[115], Ronald Burkle's name was found in Jeffrey Epsteins black book and on Epsteins private jet log. Listed on Forbes magazine's 400 and . In May, Ms. Burkle retained Barry T. Harlan, a certified family law specialist with more than 30 years of legal experience, and in June 1997 she filed a . I basically became the poster child for the ills of political donations and business. Burkle did not return calls requesting comment. Drew was a bright, creative, energetic young man with . The question is how to maximize it and find new methods of distribution. He probably does not have in mind getting the Teamsters to buy a bulk subscription. Ronald Burkle entered in food sector when he was very young. He has earned his fortune from his company and various investments. 633 on Forbes' list of "The Richest People on The Planet 2014. Trump.). Such well-known investors as George Soros have backed his business deals, and his wealth, political donations and philanthropy (as well as a private 757 jetliner he owns) have allowed him to rub shoulders with financial and political leaders around the country. Pittsburgh Penguins co-owner Ron Burkle's abandoned attempt to bring the 30th MLS franchise to Sacramento has instead brought him legal troubles. In the next 17 years Burkle would do 16 deals, totaling almost $15 billion (11 involved grocery chains). [42] That same year, Burkle acquired a minority stake in Independent Talent through Yucaipa fund. Burkle has been the chairman of the board for Alliance Entertainment, Dominick's, Fred Meyer, Ralphs, and Food4Less. They have insinuated, for instance, that Burkle, who is divorced, and Clinton were first introduced by a "lovely young lady;" that Burkle carefully avoided sitting next to some beautiful models at a Lionel Ritchie concert recently to conceal his womanizing; and that another mansion of his, in La Jolla (San Diego County), is a love nest. We are delighted that you'd like to resume your subscription. All my time with my dad revolved around work, he says. Stern got run out of town, but avoided criminal charges. [114] Burkles lawyer, Tom Harvey, denied this to Page Six on January 3, 2018, saying: Ron is not involved with Follieri. [1][10][12] Less than two years later, Burkle dropped out. The documents include explicit allegations by Burkles daughter about his conduct toward his ex-wife. His family wrote . Burkle is co-owner of the NHL team, the Pittsburgh Penguins, along with Mario Lemieux. One of Burkle's closest pals is former President Bill Clinton, who heads a group of high-flying politicians with whom he is close. When confronted with this, Burkle wont concede the point. Mortenson and CAA Iconthat contend they're owed millions of dollars for work performed in anticipation of constructing a new stadium. Burkle said her husband owned a private 757 jet and a helicopter. A Los Angeles court late Friday unsealed documents revealing details of billionaire Ronald W. Burkles bitter divorce fight -- records that he went to extraordinary lengths over the last three years to keep private. Andrew Burkle . Nonetheless, Burkle enjoys the wealth he has accumulated as one of California's most successful entrepreneurs, particularly as a single man often seen in the company of celebrities, models like Gisele Bundchen and other attractive young women. Following the Africa trip, Burkle reportedly returned home via a commercial jet, referring to Epstein as "creepy".[116][117][118]. Financiers Ron Burkle, Bob Yari, Marc Leder, Marvin Peart, Dan Schryer and East West Bank have partnered with CEO David Glasser and COO David Hutkin to launch of 101 Studios, a new global entertain Mario Lemieux and Ron Burkle ride down the Boulevard of the Allies during the Penguins' 2016 victory parade. There are no such videotapes. ", A California Billionaire Who Avoided the Spotlight Suddenly Finds Himself in It, https://www.nytimes.com/2006/04/08/nyregion/a-california-billionaire-who-avoided-the-spotlight-suddenly-finds.html. He would hint at holding back on deep job cutsthereby ensuring the unions their membership duesand they would offer concessions on work rules. 8 court challenge", "Gore and Investors Buy Cable News Channel", "Current TV Said to Fetch $500 Million From Al Jazeera", "Bill Clinton May Get Payout of $20 Million", "Bill Clinton Leaves Yucaipa Business Partnerships", "Boy Scouts to Honor Ron Burkle with Prestigious Jimmy Stewart 'Good Turn' Award", "Gala AIDS Fund-Raiser Is Sedate but Still Starry", "Los Angeles Urban League's Whitney M. Young, Jr. President Clinton has a bedroom at Greenacres mansion in Beverly Hills and has stayed there every time he has been in Los Angeles since taking office in 1992. Burkle, 68 years old, bought the property last year for $22 . It is plausible that, in a decade, Clinton could walk away with tens of millions of dollars. Janet Burkle claimed she was defrauded when she signed a 1997 post-marital agreement limiting her divorce settlement to roughly $40 million. [13], During the 1992 Los Angeles riots, Burkle refused to close his inner-city stores, a move for which he received praise. "It is with the heaviest of hearts and . November 17, 2021 11:00 AM. [94], Burkle hosts fundraising events for the non-profit Share Our Strength and its No Kid Hungry campaign, which focuses on helping end childhood hunger in the United States. He is the co-founder and managing partner of The Yucaipa Companies, LLC, a private investment firm that specializes in U.S. companies in the distribution, logistics, food, retail, consumer, hospitality, entertainment, sports, and light industrial sectors.. Yucaipa has executed grocery-chain mergers and acquisitions . Fox and advising him on the campaign to end the Republican ban on federally funded stem-cell research. [99][100], Burkle is a fan of historic architecture. "He's probably the best employer we ever dealt with," said Ricardo Icaza, president of the Los Angeles local of the United Food and Commercial Workers union, who negotiated a number of labor contracts with Burkle when the billionaire owned supermarket chains like Ralphs and Food 4 Less. Burn, Burkle, Burn, Slate chided. [23][24][25], The Penguins, under the ownership of Burkle, are the only North American sports team with ties to private equity that has won a championship. The 720-strong chain is engaged in a fierce courtroom confrontation with Ron Burkle, a private equity tycoon whose Yucaipa investment vehicle has built a 19% stake in B&N and who is challenging a . Burkle characterized this as a shakedown attempt. Bruce Bennett/Getty Images. From 2018 until March, California private equity billionaire Ronald Burkle and his company worked closely with a top stadium designer, HNTB, and a leading stadium construction manager, M.A . Bruck, Connie: "Cashier du Cinema After supermarkets, private equity and politics, Ron Burkle makes a move on Hollywood". Ten days later, the FBI dragged Follieri out of the Trump Tower penthouse he had gifted to his parents . After enduring what he has said was a string of inaccurate items, published over the last year, Burkle said he had had enough. Among the disclosures were that he reportedly had a private investigator follow and harass his ex-wife and her personal-trainer boyfriend -- allegations Burkle has denied -- and that he won a lawsuit filed by his 30-year-old daughter, Carrie, who claimed he owed her money taken from an investment fund. Ronald W. Burkle, one of California's richest men, has quietly amassed billions of dollars over the years, along with a collection of houses -- including the silent film star Harold Lloyd's former Beverly Hills estate -- and a prized art collection. Senator Hillary Clinton (D-NY) expressed concern that such investments could be used by foreign governments as "instruments of foreign policy. Show you a videotape of them together?. The Post responded with a letter asking Mr. Burkle to provide details on his complaints about the column. Ronald W. Burkle and Janet E. Burkle were married on March 23, 1974. He wields tremendous influence, marvels Burkle, who is intent on doing much the same at much smaller companies. The Greenacres estate -- once owned by silent-film star Harold Lloyd -- had a dining room that sat 20. Her claims were rejected Thursday by a California appellate court. Mr. Burkle, a kingmaker in California political circles and a confidant of a former governor, Gray Davis, has also been a loyal supporter of Mr. Clinton and former Vice President Al Gore, who both now have business relationships with him. To some, it might seem odd that a major Democratic Party donor and longtime friend of Bill Clinton would want to buy such a lowbrow, conservative outlet. In April 1997, Ms. Burkle hired a personal attorney who assisted her in interviewing and obtaining family law counsel. Pathmark stock is up 120% in the 20 months since Yucaipa invested. You may cancel your subscription at anytime by calling Thats a nice benefit, but the real reason we invest in these areas is to make money.. I wake up every morning and only think about good things.. [44], In 2020, Burkle made a major investment in the musical festival production Danny Wimmer Presents. [78] In an interview with The Wall Street Journal, then-U.S. Ronald Burkle multiplied his fortune by merging, buying and selling supermarket chains, including Ralphs Grocery Co. and Food4Less. He had been ranked No. In 2002, he told the FBI he had been contacted by the disgraced Hollywood private investigator, Anthony Pellicano, who had a reputation for starting the fires he charged clients to put out, with an offer to disappear a problem for $250,000. , Charles Munger. Year 1928. He invested lavishly in the Democrats when the Republicans controlled Congress. 11723. Stern was subsequently fired by the Post. Andrew Burkle, son of billionaire tycoon Ronald Burkle, has been found dead aged 27 at his home in Beverly Hills just days after celebrating Christmas with his family.. Andrew, a producer, was . The one instance many cite when Burkle appears to have tried to throw his weight around -- though he has denied it -- is a bill in the state Legislature criticized by many legal and First Amendment rights groups that would make it easier to seal the records in divorce cases. Then, in 1981, their son, John Burkle, arrived. But I didnt think anything was wrong with that. Times staff writers Ted Rohrlich, John Spano and Andrew Blankstein contributed to this report. The effort failed. When a recent New York Times profile retold the Presidents anecdote about Burkles belovedness in the hood, the snipers at Page Six, Gawker and Slate.com took aim again. "It is with deepest regret and sadness that we announce the death of Andrew C. Burkle on . Owns 26% stake in Americold Realty Trust; Merged Alliance Entertainment with Source Interlink; Purchased Enthusiast Media publications and assets of, Burkle offered to purchase the financially troubled. They would raise three children; today the youngest, a son, is 14. Subscribe to Forbes and Save. Still Calpers has fared exceptionally well in Yucaipa funds. Ron Burkle, a businessman who reportedly owns a private jet nicknamed "Air F-k One" and the "f-k jet," donated $100,000 to McAuliffe's campaign late last year and then another . Burkle with Barack Obama at the White House in 2016. But people know who he is now. He made at least one deal with the assistance of junk bond financier Michael Milken.

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