
David Bonderman
American billionaire businessman (1942–2024)
David Bonderman (November 27, 1942 – December 11, 2024) was an American billionaire businessman. He was the founding partner of TPG Inc.2
From Wikipedia’s article on David Bonderman (this version), CC BY-SA 4.0.
Born Nov 27, 1942, died Dec 11, 2024.1
Net worth $3.3B (as of Aug 15, 2018, per forbes.com).51 Richest people
About
(formerly Texas Pacific Group), and its Asian affiliate, Newbridge Capital. He was also one of the minority owners of the NBA's Boston Celtics as well as the co-founder and co-majority owner (along with Jerry Bruckheimer) of the Seattle Kraken of the National Hockey League. At the time of his death, Forbes estimated his net worth at US$7.4 billion, making him the 400th richest person in the world.
From Wikipedia’s article on David Bonderman, shared under CC BY-SA 4.0.2
Companies
- RyanairChair13
- TPGFounder14
- TPGBoard member Jan 13, 2022 to Nov 26, 202415
- Nerdy, Inc.Board member Oct 6, 2020 to Sep 28, 202316
- AfterNext HealthTech Acquisition Corp.Board member Aug 11, 2021 to Sep 28, 202117
- TPG Pace Beneficial II Corp.Board member Apr 13, 2021 to Apr 20, 202118
- TPG Pace Solutions Corp.Board member Apr 8, 2021 to Apr 15, 202119
- TPG Pace Beneficial Finance Corp.Board member Oct 6, 2020 to Nov 24, 202020
- Allogene Therapeutics, Inc.Board member Oct 10, 2018 to Aug 10, 202021
- IQVIA Holdings, Inc.Board member Mar 2, 2017 to Feb 18, 202022
- Magnolia Oil & Gas CorpBoard member May 4, 2017 to Jul 12, 201923
- Kite PharmaBoard member Jun 19, 2014 to Oct 5, 201724
- Accel Entertainment, Inc.Board member Jun 27, 2017 to Aug 15, 201725
- Playa Hotels & Resorts N.V.Board member Mar 14, 2017 to Jun 21, 201726
- CoStar GroupBoard member Oct 26, 2006 to Sep 15, 201427
- General MotorsBoard member Jun 7, 2010 to Jan 3, 201428
- Northern Tier EnergyBoard member Nov 14, 2012 to Aug 21, 201329
- Armstrong World IndustriesBoard member Oct 5, 2009 to Sep 13, 201130
- Maverick Merger Sub 2, LLCBoard member Apr 23, 2008 to Sep 25, 200831
- Burger KingBoard member May 17, 2006 to May 12, 200832
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
Armstrong World Industries AWI6,305,429 shares33$1.1B at $167.40Nov 14, 2012- TPG Pace Solutions Corp.0 shares34Dec 3, 2021
TPG TPG0 shares35Nov 22, 2024
As of each latest filing. The line shows shares held over time.
Recent filings
- Nov 22, 2024Gift 37,967 shares of TPG35
- Oct 15, 2024Bought 380,268 shares at $17.00 of Ceribell, Inc.36
- Oct 15, 2024Converted 3,587,154 shares of Ceribell, Inc.36
- Sep 16, 2024Converted 1,960,425 shares of Bicara Therapeutics Inc.37
- Aug 14, 2024Sold 3,575,000 shares at $20.88 of Life Time38
- Feb 29, 2024Sold 16,949 shares at $41.64 of TPG39
- Feb 29, 2024Sold 16,949 shares at $41.64 of TPG39
- Feb 29, 2024Sold 33,899 shares at $41.64 of TPG39
- Feb 29, 2024Sold 16,949 shares at $41.64 of TPG39
- Feb 29, 2024Sold 1,516,949 shares at $41.64 of TPG39
- Feb 29, 2024Sold 7,734,954 shares at $9.74 of CIK 162836940
- Feb 27, 2024Exercised options 1,500,000 shares of TPG39
- Nov 20, 2023Gift 400,000 shares of TPG41
- Nov 7, 2023Sold 10,000,000 shares at $7.63 of CIK 162836942
- Aug 7, 2023Sold 2,900,000 shares at $41.08 of Progyny, Inc.43
- Jul 25, 2023Sold 4,365 shares at $0.35 of Super League Enterprise, Inc.44
- Jul 24, 2023Sold 20,601 shares at $0.35 of Super League Enterprise, Inc.44
- Jul 13, 2023Sold 57,948 shares at $0.40 of Super League Enterprise, Inc.45
- Jul 12, 2023Sold 100,013 shares at $0.40 of Super League Enterprise, Inc.45
- Jul 11, 2023Sold 83,417 shares at $0.39 of Super League Enterprise, Inc.46
- Jul 10, 2023Sold 27,709 shares at $0.38 of Super League Enterprise, Inc.46
- Jul 5, 2023Sold 102,779 shares at $0.41 of Super League Enterprise, Inc.47
- Jul 3, 2023Sold 2,518,438 shares at $35.31 of Nextpower Inc.48
- Jun 15, 2023Sold 63,556 shares at $0.55 of Super League Enterprise, Inc.49
- Jun 14, 2023Sold 18,925 shares at $0.57 of Super League Enterprise, Inc.49
Early life and education
- Date not recordedHarvard Law School3
- Date not recordedUniversity of Washington3
- Date not recordedUniversity of Washington Michael G. Foster School of Business3
- Date not recordedUniversity High School3
Bonderman was born to a Jewish family, in Los Angeles on November 27, 1942, and was educated there at University High School. Bonderman studied Russian at the University of Washington, where he graduated Phi Beta Kappa in 1963, and at Harvard Law School, where he graduated magna cum laude in 1966. He was also a member of the Harvard Law Review and a Sheldon Fellow. During his time at Harvard, he traveled to Cairo, Egypt, to study Islamic jurisprudence and law; consequently, he became known in various Islamic legal circles, ultimately developing a near-native fluency in Modern Standard Arabic. Bonderman began providing the funding for the Bonderman Travel Fellowship at the University of Washington in 1995 which gives eight undergraduate and six graduate students per year with the opportunity to travel the world independently, with very little structure or regulations. In 2013, Bonderman's daughter, Samantha Holloway, donated the funding to create a similar fellowship at the University of Michigan. While the fellowships share the same name (the Bonderman Fellowship), they vary in both eligibility and execution.
From Wikipedia’s article on David Bonderman (this version), CC BY-SA 4.0.
Career
Occupation: lawyer, financier.7
- Date not recordedWorked at Tulane University4
- Date not recordedFounded TPG5
- Date not recordedChair, Ryanair6
Bonderman was an assistant professor at Tulane University Law School during 1967 and 1968; he then was a special assistant to the United States Attorney General during 1968 and 1969. In 1971, he joined the law firm of Arnold & Porter in Washington, D.C., where he became a partner and specialized in corporate, securities, bankruptcy and antitrust litigation. In 1983, he joined the Robert M. Bass Group, Inc. (RMBG), an investment company of Robert Bass which now does business as Keystone Inc., and became the chief operating officer. Bonderman was a principal at TPG in Fort Worth, Texas, from December 1992, where he was also co-founder and chairman. TPG went public in January 2022, trading on the NASDAQ under the ticker symbol "TPG".
In 2008, Bonderman was named as one of the investors of what became the T-Mobile Arena in Las Vegas.
Bonderman was a director of Continental Airlines, Bell & Howell, Ducati, Credicom Asia, the Education Corporation of America, Beringer Vineyards, Carr Realty, Virgin Cinemas, CoStar Group, Gemalto, and Ryanair. He was on the boards of The Wilderness Society, the Grand Canyon Trust, the World Wide Fund for Nature, The University of Washington Foundation and the American Himalayan Foundation. He previously was on the boards of Washington Mutual, American Savings Bank, Denbury Resources and Burger King. He was a board member of Uber until he resigned from that position in June 2017.
In June 2017, Bonderman resigned from the board of Uber amidst controversy surrounding a sexist response to fellow board member Arianna Huffington during a company all-hands meeting. "There's a lot of data that shows when there's one woman on the board, it's much more likely that there will be a second woman on the board," said Huffington. Bonderman replied, "actually, what it shows is that it's much more likely to be more talking." The Uber meeting was, among other things, slated to discuss efforts to rein in a toxic and sexist culture at the company.
In 2018, Bonderman filed an application for a National Hockey League (NHL) expansion team to play at a renovated Climate Pledge Arena in Seattle, Washington. The NHL Board of Governors voted to approve the team, named the Seattle Kraken, on December 4.
Read more
Wildcat, Infinity Q, Velissaris
Wildcat Capital Management was originally Bonderman's family office. In early 2019, a mutual fund named Infinity Q Diversified Alpha Fund had reportedly said on its website that the "investment team and control functions are largely the same for both Wildcat and Infinity Q." Wildcat also reportedly had $100 million invested in the fund. Infinity Q had been founded in 2014. In early 2021, the $1.7 billion Infinity Q fund suspended redemptions, the SEC was investigating asset valuations and the chief investment officer, James Velissaris, had been placed on administrative leave. Leonard Potter, Infinity Q's non-executive chairman and owner of Wildcat, was designated to take over Infinity Q's management. Wildcat "managed more than $3 billion at the end of 2019, including capital from Bonderman." In February 2021, SEC charged Velissaris in a fraudulent scheme to overvalue assets held by the Infinity Q Diversified Alpha mutual fund and the Infinity Q Volatility Alpha private fund. According to the complaint, Velissaris collected more than $26 million through fraudulent conduct, deceived SEC staff by creating backdated minutes non-existent valuation meetings, and altering valuation policy documents. The United States Attorney's Office for the Southern District of New York announced criminal charges against Velissaris, and the Commodity Futures Trading Commission (CFTC) announced parallel civil charges against him.
In April 2021, The Wall Street Journal analyzed specific valuation problems in the fund portfolios and received some comment on them. It also reported an apparent loss of $500 million in the fund, bringing valuation to $1.2 billion, and some discussion of the loss. Velissaris was identified as having been majority owner and in control of the fund with Bonderman family investment interests as passive investors in it. Infinity Q was expected to present a plan to distribute funds to investors by May 24, the report concluded.
From Wikipedia’s article on David Bonderman (this version), CC BY-SA 4.0.
Personal life
- BornNov 27, 1942, Los Angeles8
- DiedDec 11, 2024, Los Angeles9
- CitizenshipUnited States10
- ResidenceFort Worth11
Bonderman was married to Laurie Michaels; they had five children, and lived in Fort Worth, Texas. He was reported to be in a relationship with Christa Campbell in February and May 2019 though he stayed married with Michaels.
In 2002, for his 60th birthday, Bonderman had The Rolling Stones and John Mellencamp play at his birthday party at The Theater at Hard Rock Hotel and Casino in Las Vegas. John Mellencamp played for an hour, The Rolling Stones played for an hour and a half, and comedian Robin Williams entertained guests between acts. The party cost $7 million, making it one of the most expensive private concerts ever held.
In 2012, for his 70th birthday party, Bonderman held a private concert by former The Beatles member Paul McCartney at Wynn Las Vegas for 1,020 guests. Robin Williams also performed a comedy routine. Bonderman donated $1000 to each guest's charity of choice.
Bonderman died in Los Angeles, on December 11, 2024, at the age of 82. In tribute, the Seattle Kraken added a "Bondo" (Bonderman's nickname) patch to its jerseys and a matching sticker to its helmets on December 12.
His daughter Samantha Holloway succeeded him as owner of the Kraken, and she created the umbrella brand called One Roof Sports & Entertainment, alongside with Kraken CEO Tod Leiweke in 2026.
From Wikipedia’s article on David Bonderman (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataDavid Bonderman on Wikidata
- 2WikipediaDavid Bonderman on Wikipedia
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13WikidataRyanair, Chair
- 14WikidataTPG, Founder
- 15SEC EDGARTPG, Board member
- 16SEC EDGARNerdy, Inc., Board member
- 17
- 18
- 19
- 20
- 21
- 22SEC EDGARIQVIA Holdings, Inc., Board member
- 23
- 24SEC EDGARKite Pharma, Board member
- 25
- 26
- 27SEC EDGARCoStar Group, Board member
- 28SEC EDGARGeneral Motors, Board member
- 29SEC EDGARNorthern Tier Energy, Board member
- 30
- 31
- 32SEC EDGARBurger King, Board member
- 33
- 34
- 35
- 36SEC EDGARForm 4 filed Oct 17, 2024
- 37SEC EDGARForm 4 filed Sep 18, 2024
- 38SEC EDGARForm 4 filed Aug 16, 2024
- 39SEC EDGARForm 4 filed Feb 29, 2024
- 40SEC EDGARForm 4 filed Mar 4, 2024
- 41SEC EDGARForm 4 filed Nov 22, 2023
- 42SEC EDGARForm 4 filed Nov 9, 2023
- 43SEC EDGARForm 4 filed Aug 9, 2023
- 44SEC EDGARForm 4 filed Jul 26, 2023
- 45SEC EDGARForm 4 filed Jul 14, 2023
- 46SEC EDGARForm 4 filed Jul 12, 2023
- 47SEC EDGARForm 4 filed Jul 7, 2023
- 48SEC EDGARForm 4 filed Jul 6, 2023
- 49SEC EDGARForm 4 filed Jun 16, 2023
- 50Wikimedia CommonsDavid Bonderman photo by Web Summit, CC BY 2.0
- 51WikidataNet worth