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David Bonderman
Born November 27, 1942(1942-11-27)
Los Angeles, California, U.S.
Nationality American
Alma mater University of Washington
Harvard Law School
Occupation Co-founder of Texas Pacific Group
Part owner of the Boston Celtics
Co-founder/co-majority owner of the Seattle Kraken
Employer TPG Capital (formerly Texas Pacific Group)
Net worth US$3.7 billion (October 2019)[1]
Spouse(s) Laurie Michaels
Children 5

David Bonderman (born November 27, 1942) is an American billionaire businessman. He is the founding partner of TPG Capital (formerly Texas Pacific Group), and its Asian affiliate, Newbridge Capital. He is also one of the minority owners of the NBA's Boston Celtics as well as the co-founder and co-majority owner (along with Jerry Bruckheimer) of the Seattle Kraken of the National Hockey League.

Early life and education[]

Bonderman was born to a Jewish family,[2] in Los Angeles on November 27, 1942,[3] and was educated there at University High School.[4] Bonderman studied at the University of Washington, where he graduated Phi Beta Kappa in 1963, and at Harvard Law School, where he graduated magna cum laude in 1966. He was also a member of the Harvard Law Review and a Sheldon Fellow. During his time at Harvard, he traveled to Cairo, Egypt, to study Islamic Legal Jurisprudence and Law, and became proficient in various Islamic legal cliques developing a near-native fluency in Modern Standard Arabic. Bonderman began providing the funding for the Bonderman Travel Fellowship at the University of Washington in 1995 which gives eight undergraduate and six graduate students per year with the opportunity to travel the world independently, with very little structure or regulations.[5] In 2013, David Bonderman's daughter, Samantha [Holloway] donated the funding to create a similar fellowship at the University of Michigan. While the fellowships share the same name (the Bonderman Fellowship), they vary in both eligibility and execution.[6]

Career[]

Bonderman was an assistant professor at Tulane University Law School during 1967 and 1968; he then was a special assistant to the United States Attorney General during 1968 and 1969.[7] In 1971, he joined the law firm of Arnold & Porter in Washington, D.C.,[8] where he became a partner and specialized in corporate, securities, bankruptcy and antitrust litigation.[7] In 1983, he joined the Robert M. Bass Group, Inc. (RMBG),[8] which now does business as Keystone Inc., and became the chief operating officer.[7] Bonderman has been a principal at TPG Capital in Fort Worth, Texas, since December 1992, where he is also co-founder and chairman.[7]

In 2008, Bonderman was named as one of the investors of what became the T-Mobile Arena in Las Vegas.[9]

Bonderman was a director of Continental Airlines, Böwe Bell & Howell, Ducati Motor Holding S.p.A., Credicom Asia, the National Education Corp., Beringer Wine Estates, Carr Realty, Virgin Cinemas, CoStar Group, Gemalto, and Ryanair. He is on the boards of The Wilderness Society, the Grand Canyon Trust, the World Wide Fund for Nature, The University of Washington Foundation and the American Himalayan Foundation. He previously served on the boards of Washington Mutual, American Savings Bank, Denbury Resources and Burger King. He was a board member of Uber until he resigned from that position in June 2017.[7][10]

In June 2017, Bonderman resigned from the board of Uber amidst controversy surrounding a sexist response to fellow board member Arianna Huffington during a company all-hands meeting.[11] "There’s a lot of data that shows when there’s one woman on the board, it’s much more likely that there will be a second woman on the board," said Huffington. Bonderman replied, "actually, what it shows is that it's much more likely to be more talking." The Uber meeting was, among other things, slated to discuss efforts to rein in a toxic and sexist culture at the company.[12][13][14]

In 2018, Bonderman filed an application for a National Hockey League (NHL) expansion team to play at a renovated Key Arena in Seattle, Washington.[15] The NHL Board of Governors voted to approve the team, named the Seattle Kraken, on December 4.[16]

Personal life[]

Bonderman is married to Dr. Laurie Michaels; they have five children, and live in Fort Worth, Texas.[1][17]

In 2002, for his 60th birthday, Bonderman had The Rolling Stones and John Mellencamp play at his birthday party at The Joint at Hard Rock Hotel and Casino in Las Vegas. John Mellencamp played for an hour, The Rolling Stones played for an hour and a half, and comedian Robin Williams entertained guests between acts. The party cost $7 million, making it one of the most expensive private concerts ever held.[18]

In 2012, for his 70th birthday party, Bonderman held a private concert by former The Beatles member Paul McCartney at Wynn Las Vegas for 1,020 guests. Robin Williams also performed a comedy routine. Bonderman donated $1000 to each guest's charity of choice.[19]

Awards and Honors[]

  • 1999, Golden Plate Award of the American Academy of Achievement[20]
  • 2004, The M&A Advisor Hall of Fame [21]
  • 2016, Woodrow Wilson Award for Corporate Citizenship [22]
  • 2017, Texas Business Hall of Fame[23]

References[]

  1. 1.0 1.1 Forbes profile: David Bonderman. Retrieved on 8 October 2019.
  2. Taub, Orna, "TPG Sells Shares of Indian Company – Win-win for Everybody!", Jewish Business News, March 26, 2013
  3. Business Leaders Biography: David Bonderman. Retrieved on 22 July 2020.
  4. "Deal Maker Takes Aim at Skies", The New York Times, November 11, 1992. Retrieved on November 5, 2016. 
  5. The Bonderman Travel Fellowship.
  6. Bonderman Fellowship.
  7. 7.0 7.1 7.2 7.3 7.4 Executive Profile - David Bonderman J.D.. Bloomberg L.P..
  8. 8.0 8.1 Steffy, Loren. "Bonderman rides to rescue of corporate wrecks", March 1, 1988. Retrieved on June 14, 2017. 
  9. Kantowski, Ron. "Report: Harrah’s out as proposed arena partner", Las Vegas Sun, September 15, 2008. 
  10. Uber Confirms That It Raised $258M From Google Ventures And TPG. TechCrunch (August 23, 2013).
  11. "Uber director David Bonderman resigns from board following comment about women", Muslim Global. Retrieved on June 14, 2017. 
  12. Isaac, Mike. "David Bonderman Resigns From Uber Board After Sexist Remark", The New York Times, June 13, 2017. (en-US) 
  13. Bensinger, Greg. "David Bonderman Resigns From Uber Board in Wake of Disrespectful Comment", June 13, 2017. Retrieved on June 14, 2017. 
  14. Benner, Katie, and Mike Isaac, "As Uber Leaders Step Aside, Arianna Huffington’s Influence Grows", New York Times, July 17, 2017. Retrieved June 18, 2017.
  15. "Seattle group files application for NHL expansion team to play at KeyArena", Seattle Times, February 13, 2018. 
  16. After years of trying and a cast of characters in between, the NHL will finally put a team in Seattle (December 3, 2018).
  17. Osberger, Madeleine. "Paul McCartney helps Wildcat Ranch homeowner celebrate his 70th", November 21, 2012. 
  18. Klauder, Benjamin. "Legendary Billionaire Parties", Forbes, July 8, 2009. 
  19. Lattman, Peter. "Tough Times? You Wouldn’t Know at Party for Private Equity Titan", The New York Times, November 19, 2012. Retrieved on November 21, 2012. 
  20. Golden Plate Awardees of the American Academy of Achievement. American Academy of Achievement.
  21. Lifetime Achievement Award Recipients. The M&A Advisor News.
  22. Wilson Awards for Public Service and Corporate Citizenship in New York and Austin. The Wilson Center.
  23. TBHF Legends. Texas Business Hall of Fame Foundation.

Further reading[]

External links[]

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