Ronald Wayne BURKLE Dossier 2 Jul 2021
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Ronald Wayne BURKLE Dossier 2 Jul 2021 The materials herein are solely for member's internal business purposes to assist in the acquisition and retention of member's clients (i.e. permitted purpose). Except as required by the law, member will not reveal these materials to any person or entity whose data is contained herein or to persons acting on their behalf. To the maximum extent permitted by law, Wealth-X excludes and disclaims all conditions, terms, representations and warranties relating to the subject matter hereof, whether express or implied, including the implied warranties of satisfactory quality and fitness for a particular purpose. While every attempt is taken to ensure that these materials are kept up to date, Wealth-X cannot guarantee that information contained in them in relation to any person or entity will not have changed or be correct. Ronald Wayne BURKLE Primary Position Managing Partner Source Self-Made Primary Company The Yucaipa Companies Age 68 Estimated Net Worth At least $2.1 billion Birthday 12 Nov 1952 Estimated Liquid Assets At least $1.7 billion Marital Status Divorced Estimated Household Wealth - Religion Unknown Estimated Household Liquid Alternate Names Ron Burkle Assets Estimated Family's Net Worth Estimated Family's Liquid Assets Wealth Trend Majority of fortune fluctuates with the broad equity and bond markets; remainder fluctuates with the performance of Pittsburgh Penguins and The Yucaipa Companies. Residences London, Greater London, United Kingdom Beverly Hills, California, United States Oak Glen, California, United States Yucaipa, California, United States Los Olivos, California, United States Hometown Pomona, California, United States Biography American businessman; studied dentistry at California State Polytechnic University, a Pomona, California-based public polytechnic university, but never graduated. Reportedly started his career at the age of 13, as a box boy at Stater Bros grocery store, where he managed to save then about $3,000, which he invested in the stock market. Burkle later became an Executive Vice President at Stater Bros. Markets, a San Bernardino, California-based supermarket chain, but lost his job after an undervalued bid to take over the company. In 1986, founded The Yucaipa Companies, a Los Angeles, California-based private equity firm, where he serves as the Managing Partner. In 2010, co-founded A-Grade Investments, a Los Angeles, California-based venture capital firm. In addition, Burkle is an investor of Sacramento Republic, a Sacramento, California-based professional soccer team and a co-owner of Pittsburgh Penguins, a Pittsburgh, Pennsylvania-based professional ice hockey team competing in the National Hockey League (NHL). Moreover, Burkle serves as a Director Emeritus of The Music Center, a Los Angeles, California-based performing arts center, an Emeritus Trustee of the John F. Kennedy Center for the Performing Arts, a Washington, D.C.-based performing arts center and a multi-dimensional facility, and a Co-chairman of the UCLA Burkle Center for International Relations at the University of California, Los Angeles (UCLA), a Los Angeles, California-based public research university. He also sits on the Board of Directors of Scripps Research, a La Jolla, California-based medical research facility, serves as a Trustee of APLA Health & Wellness (APLA Health), and is a Member of the Executive Team of the California Breast Cancer Research Program at the University of California. In addition, he serves as the CEO, President and Director of the Ronald W Burkle Foundation, a Los Angeles, California-based private foundation. Divorced with three children; in January 2020, his youngest son died. Burkle appears to divide his time between London, England, Beverly Hills, California, Oak Glen, California and Yucaipa, California. Career History Company Type Position Held Year Year Remarks Started Ended Munchery Private Company Chairman 2016 2019 United States-based private company; served as the Chairman. A-Grade Investments Private Company Founder 2010 Los Angeles, California-based venture capital firm; Burkle is a co-founder. Company Type Position Held Year Year Remarks Started Ended Americold Realty Trust Public Company Trustee 2010 2019 United States-based private company; served as a Trustee. Current TV Private Company Director 2004 San Francisco, California-based television channel, operating until 2013; sat on the Board of Directors. Yahoo! Private Company Director 2001 2010 Sunnyvale, California-based web services provider; sat on the Board of Directors. Altaba Private Company Director 2001 2010 United States-based public company; served as an Independent Director. Kaufman & Broad Public Company Board Member 2000 Neuilly-sur-Seine, France-based real estate company; sat on the Board. Pittsburgh Penguins Private Company Co-owner Sep 1999 Pittsburgh, Pennsylvania-based professional ice hockey team competing in the National Hockey League (NHL); Burkle is a co-owner. Occidental Petroleum Public Company Director 1999 2010 Houston, Texas-based oil and gas Corporation exploration and production company; sat on the Board of Directors. Cyrk Private Company Chairman 1999 2001 United States-based private company; served as the Chairman. Golden State Foods Private Company Chairman 1998 Irvine, California-based foodservice company; served as the Chairman. KB Home Public Company Director 1995 2010 United States-based public company; served as an Independent Director. Smitty's Supervalue Private Company Chairman 1994 1996 United States-based private company; served as the Chairman. The Yucaipa Companies Private Company Managing Partner 1986 Los Angeles, California-based private equity firm; serves as the Managing Partner. Yucaipa Corporate Initiatives Private Company Managing Partner 1986 United States-based private company; Fund II serves as a Managing Partner. Yucaipa Corporate Initiatives Private Company Managing Partner 1986 United States-based private company; Fund I serves as a Managing Partner. Yucaipa American Alliance Private Company Managing Partner 1986 United States-based private company; Fund II serves as a Managing Partner. Yucaipa American Alliance Private Company Managing Partner 1986 United States-based private company; Fund I serves as a Managing Partner. Morgans Hotel Group Private Company Shareholder New York, New York-based global hospitality company that owned and operated boutique hotels, acquired by the SBE Entertainment Group in 2016; Burkle was a shareholder. Stater Bros. Markets Private Company Executive Vice San Bernardino, California-based President supermarket chain; served as an Executive Vice President. Safeway Private Company Chairman and CEO Pleasanton, California-based supermarket chain; served as the Chairman and CEO of a subsidiary, Dominick's Finer Foods. Company Type Position Held Year Year Remarks Started Ended The Kroger Company Public Company Director Cincinnati, Ohio-based group of companies providing food products; served as the Chairman of several brands of the company, including Smith's Food & Drug Centers, Fred Meyer, Food 4 Less and Ralphs. Alliance Entertainment Private Company Chairman Sunrise, Florida-headquartered distributor of music, movies and game software; served as the Chairman. Barnes & Noble Public Company Investor New York, New York-based bookseller; Burkle was an investor. Relativity Media Private Company Director Los Angeles, California-based media company engaged in content production and distribution; served as the Chairman of Relativity Sports, later renamed as Independent Sports and Entertainment (ISE). Sacramento Republic Private Company Investor Sacramento, California-based professional soccer team; Burkle was an investor. Yucaipa Equity Partners Private Company Director United States-based private company; serves as a Director. Small Business Administration Government Council Member United States-based government agency; (SBA) served as a Council Member. Inevitable Ventures Private Company Partner United States-based private company; serves as a Partner. Wealth Analysis Estimated Net Worth At least $2.1 billion Liquid Estimate At least $1.7 billion List of Assets Class Value Remarks Alternative Assets At least $45 million Estimated value of Harold Lloyd Estate in Beverly Hills, California. Alternative Assets At least $20 million Estimated value of 1991 Boeing 757-200 business jet. Alternative Assets At least $330 million Estimated value of stake in ice-hockey team, Pittsburgh Penguins. Alternative Assets At least $2 million Estimated value of house in Oak Glen, California. Alternative Assets At least $200,000 Estimated value of property in Yucaipa, Harold Lloyd Estate in Beverly Hills, California (2.09 %) California. 1991 Boeing 757-200 business jet (0.93 %) Ice-hockey team Pittsburgh Penguins. (15.36 %) Alternative Assets At least $80,000 Estimated value of property in Yucaipa, House in Oak Glen, California (0.09 %) California. Property in Yucaipa, California (0.01 %) Property in Yucaipa, California (0 %) Alternative Assets At least $30,000 Estimated value of property in Yucaipa, Property in Yucaipa, California (0 %) California. Neverland Ranch in Los Olivos, California (0.93 %) Cash and Others (79.13 %) Alternative Assets At least $20 million Estimated value of Neverland Ranch in Los The Yucaipa Companies (1.4 %) Olivos, California. A-Grade Investments (0.05 %) Cash & Others At least $1.7 billion Estimated value of proceeds from previous salaries, bonuses, investments, dividends, and stock transactions. Private