Ronald Burkle
supermarket billionaire
Ronald Burkle
Ronald Wayne Burkle is an American business magnate.
Biography
Ronald Burkle's personal information overview.
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Relationships
View family, career and love interests for Ronald Burkle
News
News abour Ronald Burkle from around the web
Bob Hope's desert retreat sells to billionaire Ron Burkle for $13 million
LATimes - 3 months
The Bob and Dolores Hope estate in Palm Springs, designed by renowned Modernist architect John Lautner, has sold to billionaire Ron Burkle for $13 million. That’s just more than half the most recent asking price of $24.999 million and considerably less than the original list price of $50 million,...
Article Link:
LATimes article
How I Made It: Billionaire's right-hand man Chris Hollod on becoming a big fish in a big pond
LATimes - 4 months
The gig: Chris Hollod, 33, is venture capital partner at billionaire Ron Burkle’s private equity firm Yucaipa Cos. They’ve traveled together for the last five years, with Hollod as the frontman on evaluating thousands of start-up investment opportunities. Hollod oversees Inevitable Ventures, backed...
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LATimes article
Independent film producer charged with embezzling $1.5 million from Ron Burkle's investment fund
LATimes - 7 months
Independent film producer Julio Caro has agreed to plead guilty to embezzling nearly $1.5 million from a partner in a film production deal, billionaire Ron Burkle’s Yucaipa Corporate Initiatives Fund I, according to federal prosecutors. The Justice Department on Friday announced the plea agreement...
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LATimes article
Burkle, Yucaipa Hit With Lawsuit in Fresh & Easy Bankruptcy
Wall Street Journal - 9 months
Suppliers, former employees and others that are stuck with $150 million in losses from the bankruptcy of grocer Fresh & Easy LLC have sued billionaire Ron Burkle, accusing the private-equity chief of plundering the troubled grocery chain.
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Wall Street Journal article
Billionaire investor Ron Burkle says bankrupt Fresh & Easy 'was in a free fall'
LATimes - over 1 year
Ronald W. Burkle said his investment firm, Yucaipa Cos., tried its hardest to save Fresh & Easy, the struggling grocery chain that filed for bankruptcy protection last month but ultimately couldn't overcome bad decisions made by the previous owner. The billionaire investor, who made his fortune...
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LATimes article
Investor Burkle's Fresh & Easy grocery chain files for bankruptcy
Reuters.com - over 1 year
Oct 30 (Reuters) - Fresh & Easy filed its second bankruptcy in two years on Friday after billionaire Ron Burkle was unable to turn around the West Coast grocery chain, which is in the process of...
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Reuters.com article
Fresh & Easy files for Chapter 11 bankruptcy protection
LATimes - over 3 years
The Fresh & Easy grocery chain files for Chapter 11 protection in U.S. Bankruptcy Court less than a month after being promised to L.A. billionaire Ron Burkle's Yucaipa. Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 protection in U.S. Bankruptcy Court less than a month after being promised to Los Angeles billionaire Ron Burkle.     
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LATimes article
Tesco's Fresh & Easy declares bankruptcy to ease sale to Burkle
LATimes - over 3 years
Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 bankruptcy in Delaware, weeks after being promised to Los Angeles billionaire Ron Burkle.     
Article Link:
LATimes article
Ron Burkle's Yucaipa buying Fresh & Easy stores from Tesco
LATimes - over 3 years
The British grocer will exit the U.S. after losing about $2 billion over five years. Yucaipa will acquire more than 150 of Fresh & Easy's nearly 200 stores as well as distribution and production facilities. Ron Burkle, who became a billionaire reviving faltering supermarket chains, will try to turn the money-losing Fresh & Easy stores into a profitable venture.     
Article Link:
LATimes article
RETAIL: Fresh & Easy sold to The Yucaipa Companies
The Press Enterprise - over 3 years
Yucaipa Cos., owned by billionaire Ron Burkle, will buy the grocery stores from British retailer Tesco; most but not all stores will remain open
Article Link:
The Press Enterprise article
Wild Oats chain is poised to reopen this year
LATimes - over 3 years
Ron Burkle's Yucaipa Cos. appears to be involved in trying to revive the brand. The effort may include a purchase of Fresh & Easy stores. Wild Oats Markets Inc., the closed purveyor of organic and natural foods, is planning a comeback this year, potentially aided by local billionaire Ron Burkle.     
Article Link:
LATimes article
Timeline
Learn about memorable moments in the evolution of Ronald Burkle
    LATE_ADULTHOOD
  • 2014
    Age 61
    He was ranked #633 on Forbes' list of “The Richest People On The Planet 2014.”
    More Details Hide Details Burkle is a prominent Democratic activist and fundraiser.
  • 2013
    Age 60
    In December 2013, Burkle purchased an Olympic gold medal won by Jesse Owens at the 1936 Berlin Games for $1.4 million and owns William Faulkner's Nobel Prize for Literature.
    More Details Hide Details In April 2006, Burkle accused New York Post columnist Jared Paul Stern of attempting to extort money from him in exchange for stopping the publication of stories in Page Six, the paper's gossip column, about his private life. He secretly videotaped two private meetings between himself and Stern, with the second meeting orchestrated and monitored by the FBI. Stern allegedly asked Burkle for a $220,000 investment in his clothing business in exchange for better coverage. Stern was subsequently fired by the Post. On April 30, 2008, a Delaware judge dismissed Burkle's lawsuit against Raffaello Follieri, ex-boyfriend of actress Anne Hathaway, after Follieri agreed to repay $1.3 million Burkle loaned to him in the Vati-Con scandal.
  • FIFTIES
  • 2011
    Age 58
    Burkle is a fan of historic architecture. In 2011 he purchased the partially restored Ennis House, a Los Angeles landmark designed by Frank Lloyd Wright.
    More Details Hide Details Burkle owns Greenacres, an estate built for Harold Lloyd.
    In January 2011, he hosted a fundraiser to support efforts to overturn Proposition 8, California's ban on same-sex marriage.
    More Details Hide Details In 2004, Burkle helped finance the launch of Al Gore’s Current TV, which was sold in January 2013 to Qatar-based cable-news channel Al Jazeera.
  • 2009
    Age 56
    In 2009 Bill Clinton ended his relationship with Yucaipa due to potential conflicts of interest.
    More Details Hide Details Following “months” of negotiations, the two were not able to agree on a final payment for Clinton’s advisory services, estimated at up to $20 million, and Clinton “walked away” from the potential payout. Burkle's honors and awards include the Los Angeles County, California Boy Scouts Jimmy Stewart “Good Turn” Award, the AIDS Project Los Angeles Commitment to Life Award, and the Los Angeles Urban League Whitney M. Young Award. He has received numerous honors and awards from labor including the AFL-CIO Murray Green Meany Kirkland Community Service Award and The Los Angeles County Federation of Labor Man of the Year. Burkle is founder and chairman of the board of The Ronald W. Burkle Foundation. The Foundation's mission is to “positively influence people around the world and their communities” by supporting programs that “strengthen international understanding, foster worker’s rights, empower underserved communities, nurture the arts and architecture, engage children in learning and advance scientific research.”
  • FORTIES
  • 2002
    Age 49
    During Bill Clinton’s presidency, Burkle was a key fundraiser and they became close friends. In 2002, Burkle hired Clinton as a senior advisor on two Yucaipa domestic investment funds.
    More Details Hide Details Clinton invested in a Yucaipa global fund focused on foreign companies. In an interview with The Wall Street Journal, then-U.S. Senator Hillary Clinton (D-NY) expressed concern that such investments could be used by foreign governments as "instruments of foreign policy."
  • THIRTIES
  • 1986
    Age 33
    In 1986, Burkle founded Yucaipa Companies, a private equity firm which invests in retail, manufacturing, and distribution.
    More Details Hide Details He has served as chairman of the board and controlling shareholder of numerous companies, including Alliance Entertainment, Golden State Foods, Dominick's, Fred Meyer, Ralphs, and Food4Less. He is currently a member of the board of Occidental Petroleum Corporation, KB Home, and Yahoo! Burkle is part owner of the Pittsburgh Penguins National Hockey League team, although his current share is unknown. He co-owns the franchise with Penguins legend Mario Lemieux. He has invested in technology startup companies through A-Grade Investments, a venture capital fund founded by Ashton Kutcher, Guy Oseary and Ron Burkle. A-Grade's investments include SeatGeek, SoundCloud and Airbnb. He has also invested in technology startup companies through Inevitable Venture, a venture capital fund founded by D.A Wallach, and Chris Hollod. Inevitable Ventures's investment include Picnic Health, 8i, Thrive Market, and Wiser Care.
  • CHILDHOOD
  • 1952
    Born
    Ron Burkle was born on November 12, 1952, the elder of two sons, to Betty and Joseph Burkle in Pomona, California.
    More Details Hide Details Joseph worked seven days a week, managing a Stater Bros. grocery store in Pomona and investing his savings in apartment buildings. To see his father, Burkle stocked shelves in his father's store with bread and corralled shopping carts. By age 13, Burkle had joined Box Boy Local 770. At age 16, he graduated from high school and entered California State Polytechnic University, Pomona to study dentistry. Less than two years later, Burkle dropped out. At age 21, he married Janet Steeper, a Stater Bros. clerk and great-grandniece of the aviation pioneers, the Wright brothers. They would have three children together. Burkle parlayed a $3,000 investment in American Silver and another metals company into $30,000 and began investing in and flipping undervalued grocery stores. He made at least one deal with the assistance of junk bond financier Michael Milken.
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