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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.
Complete List The Richest People In America
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