MLB
Who is David Rubenstein? The new owner of the Baltimore Orioles
The sale of the control stake of the Baltimore Orioles was finalized, with ownership being transferred to a group led by private equity billionaire David Rubenstein.
David Mark Rubenstein, a prominent American lawyer, businessman, philanthropist, and sports team owner, has recently made headlines as the new owner of the Baltimore Orioles. Let’s delve into his background, accomplishments, and what this ownership means for the Orioles.
Rubenstein is a co-founder and co-chairman of the private equity firm The Carlyle Group. They are headquartered in Washington, D.C., where they manage substantial assets and investments globally.
The new ownership group, which includes notable figures like Cal Ripken Jr., acquired the Baltimore Orioles with its related assets, including its stake in the Mid-Atlantic Sports Network for $1.725 billion. The sale was unanimously approved by Major League Baseball (MLB) owners.
What is David Rubenstein net worth?
According to Forbes, Rubenstein’s net worth is estimated at US$3.2 billion as of December 2022. His leadership aims to restore the Orioles to elite status in MLB and bring a World Series trophy back to Baltimore.
Rubenstein grew up in Baltimore, Maryland, in a modest Jewish family. He attended Duke University, where he graduated magna cum laude with a Bachelor of Arts in political science. Later, he earned his J.D. from the University of Chicago Law School.
A Vision for the Orioles
Rubenstein’s ownership signals a new chapter for the Orioles. With a strong core of young talent and a top-ranked farm system, the Orioles aim for sustained success. Fans eagerly anticipate the team’s performance under Rubenstein’s leadership.