⬅ # 482 Don Vultaggio|# 484 Miuccia Prada

# 483 David Bonderman 

$6.28B

Real Time Net Worth
as of 4/12/2024
-$56.7M (-0.90%)

# 483 David Bonderman 

$6.28B

Real Time Net Worth
as of 4/12/2024
-$56.7M (-0.90%)
OccupationFounding Partner and Chair, TPG
Source of WealthPrivate Equity
Age81
ResidenceFort Worth, Texas
Marital StatusMarried
Children5
EducationDoctor of Jurisprudence, Harvard University; BS, University of Washington
Age-Adjusted Net Worth$1.52B
David Bonderman
David Bonderman
United States
Net worth: $6.28B

Self-Made Score 

Wealth History

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Biography

Overview

David Bonderman is the founding partner of TPG Capital (formerly Texas Pacific Group) and its Asian affiliate, Newbridge Capital.
Bonderman is one of the minority owners of the NBA's Boston Celtics and the co-founder and co-majority owner of the Seattle Kraken NHL team.

Early Life and Education

Bonderman was born on November 27, 1942 in Los Angeles to a Jewish family and attended University High School.
He graduated Phi Beta Kappa from the University of Washington in 1963.
Bonderman then graduated magna cum laude from Harvard Law School in 1966, where he was a member of the Harvard Law Review and a Sheldon Fellow.
During his time at Harvard, he studied Islamic Legal Jurisprudence and Law in Cairo, Egypt, becoming proficient in Modern Standard Arabic.
In 1995, he initiated the Bonderman Travel Fellowship at the University of Washington, sponsoring students to travel independently to at least six countries for eight months.

Career

Bonderman served as an assistant professor at Tulane University Law School and later as a special assistant to the United States Attorney General.
In 1971, he joined the law firm of Arnold & Porter, where he became a partner specializing in corporate, securities, bankruptcy, and antitrust litigation.
In 1983, Bonderman joined the Robert M. Bass Group (now Keystone Inc.) as the chief operating officer.
Since December 1992, he has been a principal, co-founder, and chairman at TPG Capital in Fort Worth, Texas.
Bonderman has held directorial positions in numerous companies including Continental Airlines, Ducati Motor Holding S.p.A., and Burger King.

Notable Investments and Business Ventures

In 1992, Bonderman and Jim Coulter founded TPG Capital, which has managed over $135 billion in assets as of January 2023.
TPG's first major deal was a $66 million investment in Continental Airlines, which yielded a $640 million profit.
Bonderman has been involved in various investments and acquisitions including Burger King, Petco, and SunGard.
He led TPG's investment in acquiring a 30% stake in AT&T's media assets, including DirecTV, U-verse, and AT&T TV, in 2021.
In 2023, TPG agreed to acquire alternative investment firm Angelo Gordon and web tracking firm New Relic.

Personal Life

Bonderman is married to Dr. Laurie Michaels and they reside in Fort Worth, Texas with their five children.
For his 60th birthday in 2002, Bonderman hosted a $7 million birthday party featuring performances by The Rolling Stones, John Mellencamp, and comedian Robin Williams.
On his 70th birthday in 2012, he held a private concert by Paul McCartney and a comedy routine by Robin Williams, donating $1000 to each guest's charity of choice.

Philanthropy and Impact

In 1995, Bonderman established the Bonderman Travel Fellowship at the University of Washington, sponsoring students to travel independently.
He is a supporter of conservation and serves on the boards of The Wilderness Society, the Grand Canyon Trust, and the World Wide Fund for Nature.
Bonderman is involved in impact investing through the founding board of the Rise Fund, TPG's impact investing fund.

How long would it take you to become as rich as David Bonderman?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach David Bonderman's net worth of $6.28B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

David Bonderman is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For David Bonderman, Private Equity is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey