The Richest People In America: George Roberts

#58 George Roberts

$6.0 billion
Source Finance, Self made

Age 65
Marital Status Widowed, 3 children

Hometown San Francisco, CA, United States
Education Claremont McKenna College, Bachelor of Arts / Science
University of California, Hastings, Doctor of Jurisprudence

Co-founder of buyout firm KKR circumventing stymied public offering. In July KKR announced plans to go public in U.S. via merger with European affiliate; when complete, company could be worth as much as $15 billion. Firm manages $60 billion. Annual gross returns: 26.1%. Created firm 1976. Used junk bonds to buy underperforming companies, streamline operations, flip for profit. Most famous for $25 billion buyout of RJR Nabisco 1989.

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