Richard C. Blum’s net worth will be explored in this report. US Senator Dianne Feinstein announced on February 28 that her husband, financier Richard Blum, passed away at the age of 86 after a long battle with cancer. The late San Francisco native rose to fame in business and political circles while serving on former President Barack Obama’s Global Development Council.
“My heart is broken today. My husband has been my partner and best friend for more than 40 years,” Senator Feinstein said in a statement. “He has been by my side through the good times as well as the challenging times. I will miss him terribly.” Blum leaves behind a devoted wife, three children, and his impressive net worth.
Richard C. Blum’s Net Worth: How Much Is He Worth?
When he died, Richard Blum was said to have a net worth of $1 billion. Richard Blum founded Blum Capital in 1975. It is a private equity firm focused on managing investments in corporate equity transactions.
Blum Capital has stakes in several businesses and owns 10% of Avid Technology Inc., ITT Educational Services Inc., Perdoceo Education Corporation, PRGX Global Inc., MoneyGram International, Fair Isacc Corporation and Electronics for Imaging – just to name a few. one a few.
San Jose Inside news source said Blum’s assets are worth about $1 billion. He is a board member of Blum Capital as well as Newbridge Capital, Federal Reserve Bank of San Francisco, TPG Capital and many others.
He founded the Blum Center for Economic Development and served as UC regent from 2002 until his death. His wife is also very rich; she is said to be worth $90 million.
Has Richard Charles Blum ever been married?
Richard Charles Blum (July 31, 1935 – February 27, 2022) was an American investor and husband of United States Senator Dianne Feinstein. He is chairman and president of Blum Capital, an equity investment management company. Blum is on the board of directors of several companies, including CB Richard Ellis, where he served as chairman of that board until May 2009. He was a regent of the University of California from 2002 until upon death.
Richard Charles Blum Career
Blum became a partner before he turned 30. He joined investment firm Sutro & Co. when he was just 23 years old. Blum was part of the Sutro partnership that purchased Ringling Bros. and Barnum & Bailey Circus for $8 million and then sold it to Mattel for $40 million four years later.
Blum started his own business in 1975 after this deal. He founded what is now Blum Capital Partners and one of his first investments was buying a portion of URS Corp.
Paul Pelosi, Richard Blum (Blum Capital Partners) and Ron Conway (Angel Investor LP)
Blum founded Blum Capital in 1975. Previously, Blum was chairman of the board of directors of CB Richard Ellis. He is also a member of the board of directors of three other portfolio companies in Australia: Fairmont Raffles Holdings International Ltd., Current Media, LLC and Myer Pty Ltd. Blum helped found Newbridge Capital in 1994.
Blum served as a board member of many businesses, such as Northwest Airlines Corporation, Glenborough Realty Trust, Inc., Korea First Bank, URS Corporation, and National Education Corporation.
Blum founded the American Himalayan Foundation and served as its president. He is also honorary consul in both Mongolia and Nepal. Blum also serves on the advisory board of the Haas School of Business at Berkeley.
Blum was appointed by California Governor Gray Davis as one of the Regents of the University of California on March 12, 2002. He will serve for 12 years.
Bay Area Chancellor Robert Birgenau awarded Blum the Berkeley Medal, the school’s highest honor, on April 25, 2009, in conversation with the 14th Dalai Lama. Both the American Himalayan Foundation and China The Blum Center for Economic Development at Berkeley sponsored the talk.
Blum also majority owned Career Education Group until 2015. He is chairman of the board of directors of CB Richard Ellis, co-chairman of Newbridge Capital and Blum Capital.