Ron Burkle Net Worth
Ron Burkle net worth: Ron Burkle is an American businessman who has a net worth of $2 billion. A college drop-out, Ron earned his fortune as the founder of the private equity firm Yucaipa Companies. Today he also manages the Ronald W. Burkle Foundation. He has been chairman of the board for Alliance Entertainment, Dominick's, Fred Meyer, Ralphs, and Food4Less. Burkle currently serves on the board for Occidental Petroleum Corporation, and KB Home.
Burkle is co-owner of the National Hockey League team the Pittsburgh Penguins, along with Mario Lemieux. He has invested in technology startups and Three Lions Entertainment. He was the largest shareholder of Wild Oats Markets before it was acquired by Whole Foods Market. Burkle has been involved with Safeway, Kmart, Pathmark, Sean John, Primedia, Barnes & Noble, American Apparel, Inc., and Relativity Media. He has been named the Los Angeles County Federation of Labor Man of the year and has received the AFL-CIO Murray Green Meany Kirkland Community Service Award.
Ronald Wayne Burkle was born in Pomona, California in November 1952. He started as a bag boy at his father's supermarket. He began investing as a teenager and soon traded up to owning as own supermarket. He parlayed one supermarket into a chain of supermarkets.
He was formerly married to Janet Steeper and has three children. He owns Jesse Owens' Olympic gold medal, William Faulkner's Nobel Prize for literature, and the Ennis House by Frank Lloyd Wright.
In 2020, Ron Burkle paid $22 million for Neverland Ranch, the infamous former home of Michael Jackson. Five years earlier, the property was listed for $100 million.
Ron Burkle owns perhaps as many as a dozen private homes in the United States, most of which are located in California.
In the 1980s Ron paid $750,000 for a home in Yucaipa, California. He would later name his private equity firm Yucaipa Companies.
In La Jolla, California Ron owns a stunning 8-acre property above Black's Beach. He bought the property, which has a 50,000 square-foot home, in 1999 for $16 million. It had been listed for $25 million. Even at $16 million, in 1999 the purchase set the record for San Diego county's most-expensive home sale ever. That record has since been broken.
In Beverly Hills, Ca, Ron owns an estate called Greenacres which dates to the 1920s. Also known as the Harold Lloyd estate – so named after the silent star who originally built the house. The home reportedly cost $2 million to build in the early 1920s, the same as $30 million today.
Ron bought the home in 1993 for $20 million, which was $20 million less than its peak asking-price. The 45,000 square-foot home has 44 rooms. The property sits on 8 acres.
Here's footage from a passing helicopter:
In Palm Springs he owns a John Lautner-designed mansion that was originally built for Bob Hope.
He paid $13 million for the Lautner-designed home in 2016. That was significant because the home had at one point been asking $50 million. Here's a drone video tour of the home:
Coincidentally, Ron owns another home that was previously owned by Bob Hope. The second home is located in LA's Toluca' Lake neighborhood.
His primary home for many years has been a private island on a lake in Montana known as Shelter Island. He bought the Montana property for $10.5 million. That was significant because the property had at one point been seeking $105 million.
The main home spans 24,000 square-feet.
In New York City owns a lavish apartment in the NoHo neighborhood. He bought the property in 2005 for $18 million. In 2015 Ron listed the apartment for $37 million, but eventually pulled the listing.
The apartment has 8,000 square-feet of living space with five bedrooms on three floors. The penthouse apartment comes with an extremely-rare private pool.
|Net Worth:||$2 Billion|
|Date of Birth:||Nov 12, 1952 (68 years old)|
|Profession:||Businessperson, Investor, Film Producer|
|Nationality:||United States of America|