Bloomberg Billionaires Index

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# 479 David Bonderman $4.68B

Random fact: Has degrees from University of Washington and Harvard Law School.


Bonderman is a co-founder and a principal owner of TPG Capital, a Fort Worth, Texas-based private equity firm with more than $127 billion in assets under management. With business partner James Coulter, he's invested in dozens of companies including Burger King, Neiman Marcus, Continental Airlines and Beringer Wine Estates.

As of :
Last change -$4.97M ( -0.1%)
YTD change -$2.25B ( -32.5%)
Biggest asset Family Office
Country / Region United States
Age 79
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

David Bonderman's net worth of $4.68B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Bonderman's fortune stems from TPG Capital, a leveraged buyout and private equity firm he co-founded with James Coulter in 1992. TPG has more than $127 billion in assets under management, according to its website.

Bonderman owns about 9.1% of the firm, including his partner units which can be converted into Class A shares on a one-for-one basis. About 25% of his Partner Units are pledged to a financial institution, according to the TPG's prospectus, and these are excluded from his net worth calculation.

TPG had its initial public offering in January 2021. Filings related to the offering revealed that Bonderman had a smaller stake in TPG than had previously been calculated, and the firm's valuation was lower than estimated by the Bloomberg Billionaires Index. Bonderman's net worth dropped by $2.6 billion after his net worth calculation was updated to include the new information from the filings.

Bonderman has collected more than $1 billion in profit sharing and probably more than $250 million in management fees since TPG's founding, according to data compiled by Bloomberg from state investor disclosures.

Bonderman controls some or all of these funds outside of TPG in his family office, Wildcat Capital Management. The family office had about $4.6 billion of assets under management according to a May 2022 Form ADV filing, of which 90% is assumed to be Bonderman's.

Bonderman owns a minority stake in the Boston Celtics and leads a group that purchased franchise rights for a National Hockey League team in Seattle. These assets are not included as Bonderman's stake couldn't be determined and they may be owned through his family office.

Lisa Baker, a spokesman for Bonderman, wouldn't elaborate on the company's ownership structure and said the billionaire declined to comment on his net worth.


Birthdate: 11/27/1942
Family: Married, No children
Education: University of Washington, Harvard Law School

Bonderman was born and raised in Los Angeles and attended the University of Washington, where he received a degree in Russian Studies. He then studied at Harvard Law School, building a reputation afterward as a civil rights lawyer for the U.S. Department of Justice. He was a partner at a securities law firm when billionaire Robert Bass recruited him to be his lead financial adviser in 1982. Bass had been impressed with Bonderman's argument before the U.S. Supreme Court to preserve New York's Grand Central Terminal facade, according to a 1996 Texas Monthly profile of Bonderman.

It was while working for Bass that he met James Coulter, the man with whom he would form private equity firm Texas Pacific, later TPG Capital. The duo produced returns upwards of 100 percent a year, Texas Monthly said. Among their successes was making billions of dollars for Bass with their $150 million investment in American Savings Bank in the 1980s, the Financial Times reported in a 2008 profile of Bonderman.

In 1992, Bass balked at buying Continental Airlines, which was then in bankruptcy. Bonderman and Coulter decided to form Texas Pacific to make the investment themselves. The company made more than 10 times its investment on the carrier, which merged with United Airlines in 2010.

TPG continued to make bets on brand-name companies, including Oxford Health Plans, Korea First Bank, MEMC Electronic Materials and MI Energy, according to TPG's website. TPG, along with Goldman Sachs and KKR, acquired Energy Future Holdings in 2007, known as TXU, then the largest leveraged buyout on record at $48 billion.

He is married to Laurie Michaels, who runs Open Road Alliance, a provider of emergency funding to other non-profits. They have homes in Fort Worth, Texas, and Aspen, Colorado.

  • 1982 Robert Bass recruits Bonderman as his lead financial adviser.
  • 1983 Quits legal career to be lead financial adviser to Robert Bass.
  • 1992 Bonderman, with James Coulter, leaves Robert Bass to form TPG.
  • 2007 TPG takes part in buying TXU in the largest leverage buyout on record.
  • 2010 Continental Airlines merges with United Airlines.
  • 2014 TXU files for bankruptcy, seven years after TPG and others bought it.
  • 2015 Bonderman says TPG is considering an initial public offering.
  • 2017 TPG Group assets under management reach $72 billion.