Richard C. Blum’s net worth will be explored in this report. U.S. Senate member Dianne Feinstein announced on Monday, February 28, that her husband, financier Richard Blum, had passed away at the age of 86 after a long bout with cancer. The late San Francisco native has made his name well known in the business world as well as in the political world, working on former President Barack Obama’s Global Development Council.
“My heart is broken today. My husband was my partner and best friend for more than 40 years,” Senator Feinstein said in a statement. “He was by my side for the good times and for the challenges. I am going to miss him terribly.” Blum leaves behind his devoted wife, three kids, and his impressive net worth.
Richard C. Blum net worth: How much is he worth?
When he died, Richard Blum was thought to have a net worth of $1 billion. Richard Blum started Blum Capital in 1975. It is a private equity firm that focuses on managing investments in corporate equity deals.
Blum Capital has stakes in a number of 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.
The news source San Jose Inside says Blum is worth about $1 billion. He was on the board of Blum Capital as well as Newbridge Capital, the Federal Reserve Bank of San Francisco, and TPG Capital, among other companies.
He created the Blum Centre for Developing Economies and served as a UC regent from 2002 until his death. His wife is also very wealthy; she is thought to be worth $90 million.
Did Richard Charles Blum Ever Marry?
Richard Charles Blum (July 31, 1935 – February 27, 2022) was an American investor and the husband of United States Senator Dianne Feinstein. He was the chairman and president of Blum Capital, an equity investment management firm. Blum was on the boards of directors of several companies, including CB Richard Ellis, where until May 2009 he served as the chairman of that board. He was a regent of the University of California from 2002 until his death.
Richard Charles Blum Career
Blum became a partner before he turned 30 years old. He joined the investment firm Sutro & Co. when he was 23 years old. Blum was part of a Sutro partnership that bought Ringling Bros. and Barnum & Bailey Circus for $8 million and then sold it to Mattel for $40 million four years later.
Blum went into business for himself in 1975 after this deal. He started what is now Blum Capital Partners and one of its first investments was a piece of URS Corp.
Paul Pelosi, Richard Blum (Blum Capital Partners), and Ron Conway (Angel Investors LP)
Blum began Blum Capital in 1975. Before, Blum was chairman of the board of directors of CB Richard Ellis. He was also a director on the boards of directors of three other portfolio companies in Australia: Fairmont Raffles Holdings International Ltd., Current Media, L.L.C., and Myer Pty Ltd. Blum helped to start Newbridge Capital in 1994.
Blum was a board member for many businesses, such as Northwest Airlines Corporation, Glenborough Realty Trust, Inc., Korea First Bank, URS Corporation, and National Education Corporation.
Blum launched the American Himalayan Foundation and served as its chairman. He was also an honorary consul in both Mongolia and Nepal. Blum was also on the advisory board of the Haas School of Business at Berkeley.
Blum was named one of the Regents of the University of California by California Governor Grey Davis on March 12, 2002. He will serve for 12 years.
Bay Area Chancellor Robert Birgenau gave Blum the Berkeley Medal, the school’s highest honour, on April 25, 2009, at a talk with the 14th Dalai Lama. Both his American Himalayan Foundation and the Blum Centre for Developing Economies at Berkeley paid for the talk.
Blum also owned most of the Career Education Corporation until 2015. He was chairman of the boards of CB Richard Ellis, co-chairman of Newbridge Capital, and Blum Capital.
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