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Philanthropy is something that anyone can do and everyone should do, the letter read. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. These members of Congress dont even know theyre being lobbied., Recently, I spoke with Morris Pearl, who in 2014 retired as a managing director at BlackRock, the asset-management firm, to become chairman of the Patriotic Millionaires, a group of wealthy advocates for higher taxes on the rich, which was organized in 2010. Carlyle also used Ogilvy, along with McKenna, Long & Aldridge, a smaller firm that generally lobbied Democrats. Biden indicated earlier this month that the upcoming holiday season would be a prime opportunity for him to discuss running for re-election in 2024. ), In May of 2010, when Rubenstein returned to Capitol Hill, he was the perfect good guy, a private-equity lobbyist told me. You and your wife recently made a contribution to the United . Over the years, Rubensteins Democratic allegiance has loosened. A few months later, Rubenstein defended Obama against charges that he is anti-business, telling Reuters, Generally I think the Administration is quite open and accessible. In early 2014, Carlyle hired Obamas first chairman of the Federal Communications Commission, Julius Genachowski, as a managing director and partner in its U.S. buyout team. Twitter: @BiographyScoop Alice is the former owner of Alaska Dispatch News and is the founder of the Alaska Native Arts Foundation and the Alaska House New York. Rogoff, 66, most recently published the Anchorage Daily News in Alaska, where she has lived for several years. Later, he described the period as a war. He said, Its like when Hitler invaded Poland in 1939. (He was widely criticized for the analogy, and apologized. He told Charlie Rose in 2012, Our bigger problem isnt carried interest. Though Carlyle was not accused of any wrongdoing, it agreed to pay twenty million dollars to resolve the matter. [4] Rogoff attended the Dalton School, Connecticut College, and the Harvard Business School[5] receiving an MBA degree in 1978. characterizes the managers cut of the profits as carried interest, taxing it as though it were capital gains made through the sale of a persons own investment. At that time, Obama was shepherding the Dodd-Frank financial-reform bill through Congress, and the White House did not intervene in the carried-interest fight. The tax system has to fund the government and the government has to do things for everyone.. He never tires of giving back.. He was almost painfully shy, Eizenstat told me. . [25] He appears on the latest episode of "The David Rubenstein Show: Peer-to-Peer Conversations." The interview was recorded on Aug. 4. . Davids evolution is really like a butterfly coming out of a cocoon, Eizenstat told me. She is a well-known woman of her respective department who established the "Alaska House." which is situated in New York. David Rubenstein is a billionaire businessman who formerly used to work as a lawyer and financial analyst. He was born in 1949 in Baltimore, Maryland, U.S. Rubenstein was born and raised as an only-child of a postman with the United States Postal Service and a stay-at-home mother, in Baltimore, a low-income community. (Jahi Chikwendiu/The Washington Post). He worked there for two years before deciding to join the world politics. Hes very cerebral, and could make an argument and articulate it. But his start in business was less elegant. I came from very modest circumstances, he told an audience in 2018 at the National Churchill Library and Center at the George Washington University. Under that theory, why not just lower the tax rate still more and the rich will have more money to give away?, Many of todays Wall Street philanthropists win the publics esteem by giving away money that, without the loophole theyve fought to protect, would not all have been theirs to donate. In 2001, Carlyle hired two former Clinton officialsthe chairmen of the Federal Communications Commission and the Securities and Exchange Commission. Or purchase a subscription for unlimited access to real news you can count on. After living apart for years, rumors of a divorce intensified this summer after Rogoff referred to a "marital settlement agreement" in court documents for her newspaper's bankruptcy proceedings. The tax code supports this view, making charitable giving tax-deductible. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Rubenstein, who declined to participate in this story, has long since overcome his shyness. His father sorted mail for the postal service, and his mother was a homemaker. Its not up to each individual person to decide how to spend the money., On November 18th, Pearl joined Sander Levin, now the top Democrat on the House Ways and Means Committee, at a press conference to renew the call for closing the carried-interest loophole. The wealthy duo separated back in 2005. But some say the restoration at the presidential homes has recast the presidents as sinister racists while downplaying their accomplishments. In November, the House voted to reform carried interest, but Baucus lacked the support to bring the Senate bill to a full committee vote. Lizzy Caplan Bio, Age, Husband, Net Worth, Inside Job, Castle Rock, Movies, Tisha Campbell Bio, Age, Husband, Children, Uncoupled, Net, Movies, Cassi Davis Bio, Age, Family, Boyfriend, Net Worth, Movies, TV Shows. It turned out that the agreement had been in place for several years, and it is not clear why the couple decided to formalize their divorce at this time. These funds are pooled, along with borrowed money, to acquire private companies or to take public companies privatebefore making improvements or cutting costs and selling at a big profit. In 2007 at Sothebys auction house in New York, Rubenstein spent US$21.3 million to buy the last privately owned copy of the Magna Carta. She is a well-known woman of her respective department who established the "Alaska House." which is situated in New York. I realized I was going somewhere that wasnt going to take me where I wanted to be, he said at Rensselaer. In 1973, he graduated from the institution with a J.D. It became largely moot in 1986, when a tax-reform deal signed by Ronald Reagan equalized the rates for capital gains and top-bracket ordinary income. December 8, 2017 After months of rumors, the marriage of billionaire philanthropists David Rubenstein and Alice Rogoff has officially ended. I dont want to bash the philanthropy, because it does good, Victor Fleischer told me. This quirk in the tax law allows some of the richest workers in the country to pay tax on their labor income at a low rate.. The couple, who married in 1983, was granted a divorce in Montgomery County, Maryland, on Friday morning. The environment and Alaska: David Rubenstein and his wife don't always share philanthropic interests "We've done some things together, we do some things separately," David Rubenstein says of the giving preferences of his wife, Alice Rogoff Rubenstein, and himself. Book link. Career. The stock. Rogoff filed for bankruptcyin 2017 the same year she and Rubenstein divorced and had to go to an embarrassing trial where electricians and other contractors who worked for the paper said she had stiffed them, Fagan told The Post. In 2007, Carlyles twentieth anniversary, the firm managed seventy-five billion dollars in assets, and Rubenstein made his dbut on the Forbes 400 list. I want to make sure that New York partnerships are not singled out, he said. Schumer wanted to broaden the bill to death.. Martin Pengelly David Rubenstein speaks with Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, at the Kennedy Center in Washington in May. He then loaned the document, permanently, to the National Archives in Washington, D.C. Email: Dan Briodys 2003 book,The Iron Triangle: Inside the Secret World of theCarlyleGroupdetailed the allegedly shadowy dealings of the company. The filings make it difficult to determine the exact distribution, but industry experts say that at a large firm like Carlyle three-quarters of a partners pay typically comes out of carried interest. In June of 2007, Levin produced a more sweeping bill, which became the model for future reform attempts. The scam, according to Lewis, who wrote a critical essay of Rubenstein and the scheme in 1993, grew out of a brief, curious tax loophole that permitted Alaskan companies owned by Eskimos to sell their losses for hard cash to other American corporations. During Rubensteins first appearance on the Charlie Rose show, in 2006, with Stephen Schwarzman, the co-founder of the Blackstone Group, another private-equity firm, he was asked to name the most dynamic industry to invest in. Theres no evidence that you really need the wealth in the afterlife, he said during his talk at Rensselaer. But, if we had a government that was better funded, it could probably fix its own monuments.. Alaskan residents receive yearly dividend checks that typically range anywhere from $800 to $3,200. This story has been shared 116,666 times. After the abrupt job loss, Rubenstein remained jobless for six months then he got back to practicing law. Alice Rogoff did not respond to a call from The Post. The question on who the owner of Carlyle Group is gets thrown around a lot and the answer is that the majority of the companys shares are owned by its three founding partners; David M. Rubenstein, Daniel A. DAniello and William E. Conway Jr. Carlyle Group is an asset management company that manages billions of assets for its U.S. and international clients. Originally designed to distribute dividends based on five-year averages, Walker vetoed that rule and turned the decision over how to disperse the monies to state lawmakers. The only child of a Baltimore mailman and homemaker who grew up in a two-bedroom row house, Rubenstein began as a staffer in the Carter Administration and rose to the heights of finance, politics and society. Barack Obama, during his first Presidential campaign, pledged to reform the tax on carried interest and, in 2012, went after Mitt Romney for having enjoyed its benefits as the co-founder of Bain Capital. Bloomberg's Caroline Hyde comes back on the week's big news: a jury convicted South Carolina lawyer Alex Murdaugh of murdering his wife and son back in 2021 . They flew the struggling CEOs into Washington, wined them and dined them, and got them just as hooked on free money as the crack cocaine that enterprising drug dealers were just then bringing to Americas Lower 48. In 1889, Andrew Carnegie published The Gospel of Wealth, his Gilded Age manifesto. The New Yorker may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Rubenstein's wealth has been estimated at nearly $3 billion by Fortune. Last November, the guest was Robert Caro, speaking about Lyndon Johnson. In 1987, Rubenstein and his Carlyle Group co-founder Stephen L. Norris got the bulk of their initial capital from some unwitting native Alaskans who owned floundering oil and timber companies. On August 23, 2011, a magnitude-5.8 earthquake shook the Washington Monument for about twenty seconds, sending tourists on the observation deck down eight hundred and ninety-seven steps. Meanwhile, security operations have been building on the island over the past week in preparation for the presidents arrival. In the summer of 2007, David Rubenstein went to Capitol Hill to appeal to the Democrats. FILE David M. Rubenstein and his wife, Alice Rogoff, at the 2016 Kennedy Center Honors at the Kennedy Center. Caryn, 57, and Rubenstein, 73, have been getting. Facebook: thebiographyscoop Lobbyists knew that, with the midterm election season looming, there was little time to get a controversial bill passed, and that sixty votes were required to overcome an inevitable Republican filibuster. The firm branched out into new industries, buying ownership stakes in Dunkin Donuts and Hertz, among many others. The parties continue in support of one another and their respective endeavors. Like Buffett and Gates, Rubenstein has urged others to follow Carnegies credo. He is also among the group of people who have signed up for The Giving Pledge campaign, pledging to donate more than half of their wealth to charities and philanthropic work. French fireman arrested, accused of being serial fire star Canadian teacher with size-Z prosthetic breasts placed on paid leave, I'm a professional cleaner ditch these 4 household products immediately, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, Tom Sandoval speaks out on Raquel Leviss affair: I deserve your anger, Shoeless Ariana Madix awkwardly tries to avoid cheating Tom Sandoval, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Memphis Grizzlies star Ja Morant allegedly flashes gun at a strip club, Chris Rock Places All The Blame On The Will Smith Slap On Jada Pinkett Smith And Red Table Talk: Everybody Called Him A Bitch!, Ariana Madix, Tom Sandoval have awkward moment amid cheating scandal. His familys income could not allow him to attend college, hence, he depended on scholarships to further his studies. At a July campaign event in Keene, New Hampshire, she evoked Warren Buffetts famous complaint that he is taxed at a lower rate than his secretary: It offends our values as a nation when an investment manager making fifty million dollars can pay a lower tax rate on her earned income than a teacher making fifty thousand dollars pays on her income. Clinton, who had received almost thirteen million dollars in donations from Wall Street, her second-largest source after law firms, was not a co-sponsor of the Baucus-Grassley bill. She also founded the Alaska Dispatch News. By offsetting the Eskimo losses against their gains, American corporations were able to avoid income taxes. To this day, there are several exemplifications of the Magna Carta, with only two being held outside of England. The I.R.S. But there were still holdouts, including Ben Nelson, a Nebraska Democrat, and the few moderate Republicans in the chamberOlympia Snowe and Susan Collins, of Maine, and Scott Brown, who had received heavy Wall Street backing in his recent election. Schumer had strong ties to the industry; the private-equity firm Apollo was one of his biggest donors, not far behind Bank of America. We've received your submission. He is one of the most visible philanthropists in Washington, giving millions to the Kennedy Center, the National Archives and a number of universities. She subsequently learned to fly an airplane herself. Rubenstein, 68, is co-founder of the private equity firm the Carlyle Group, chairman of the Kennedy Center and head of the board of the Smithsonian Institution. The next year, Hopfinger sold a 90 percent share in the business to longtime Washington, D.C., insider Alice Rogoff, the wife of billionaire financier David Rubenstein, who says she fell in. All of a sudden there was a business in matching up profitable American corporations with Eskimos. They are and continue to be devoted parents and their love and respect for their family is most important to each of them. Almost immediately after purchasing the paper, Rogoff published a number of hit pieces about the sitting Republican governor Sean Parnell and his allegedly ineffectual response to a sex harassment scandal in the Alaska National Guard. Fleischer asked me, If the legislation would be so easy to get around, why do they spend so much time, money, and effort to defeat it?. But were creating whats essentially a parallel system, where a small number of individuals control quasi-public spending, and that will reflect their values and not democratic values. Of Rubenstein, he said, Its great that hes helping out with the Washington Monument. And a growing industry was poised to profit from that distinction. (Jamie Dimon, of JPMorgan Chase, made twenty-three million dollars.) [7], Rogoff first went to Alaska in 2002. He co-founded and is a co-executive chairman of the private equity firm, The Carlyle Group that is based in Washington, D.C., U.S. Rubenstein is also the chairman of the Smithsonian Institution, the Kennedy Center for the Performing Arts, the Council on Foreign Relations, and is the president of The Economic Club of Washington, D.C. They have three children, two daughters Alexandra and Gabrielle as well as a son Andrew. The most Rogoff ever revealed was saying, Its complicated in 2014. Rubenstein met her former wife - Alice Rubenstein (Alice Nicole Rogoff), while they both worked for the Carter Administration. The biggest firmsCarlyle, Blackstone, Kohlberg Kravis Roberts, and Texas Pacific Groupcordinated operations through a trade association called the Private Equity Council, founded the year before. Last October, at the Carnegie ceremony, Rubenstein told me, I dont think anything will get done until comprehensive tax reform is discussed and everythings looked at. This position is both an acknowledgment that, in this election cycle, popular sentiment has shifted against the loophole, and an evasion, because of the unlikelihood of broad tax reform. A tax law helps David Rubenstein perform major patriotic philanthropic works. I love these thingstheyre out of the park, he told me. Levin said, Theres more and more insistence in this country on fairness and a belief that this institution does not respond to the circumstances of the typical family and the typical worker. He told me, Philanthropic contributions dont answer the need for tax fairness. David Rubenstein and his wife have a marital settlement agreement, David Rubenstein tapped to head Smithsonian Board. Rogoff, 66, most recently published Alaska Dispatch News in Alaska, where she has lived for several years. But there was an opening when it came to one sliver of the Democratic caucus: Finance Committee members reluctant to raise taxes on big donors in the financial centers they represented. This story inspired him and he immediately sought to form a team of professionals in finance as he got the idea of starting a private equity firm with him as the legal consultant. 2023 NYP Holdings, Inc. All Rights Reserved, Former Goldman exec HarveySchwartz named CEO of Carlyle Group, Billionaire warns 100-point Fed rate hike would depress markets, Susan Arnold to succeed Bob Iger as Disney chairman, Ex-ethics chief: Biden should pay for or disclose stay at billionaires Nantucket home, But some say the restoration at the presidential homes has recast the presidents as sinister racists, have flooded Trip Advisor with complaints, virtually reduced to villainous slaveholders, wrote in a recent op-ed in Must Read Alaska, The Iron Triangle: Inside the Secret World of theCarlyleGroup. Instead, he characterizes reform efforts as a distraction. The program is also available on CuriosityStream and any PBS stations. . Obama has continued to invoke carried-interest reform as a way to raise revenue. March 3rd, 2023, 3:45 PM PST. In 1986, Stephen Norris, a lawyer for Marriott, learned of a change to the federal tax code recently initiated by Senator Ted Stevens, Republican of Alaska. But Rubensteins Alaskan adventure didnt end there. In 2012, when Carlyle made its first offering of public stock, it reported that Rubenstein, DAniello, and ConwayNorris departed in 1995had been paid about a hundred and forty million dollars each the previous year, an amount that dwarfed the pay of nearly all top C.E.O.s that year. Unlike these guys throwing themselves million-dollar birthday parties, David is donating the Magna Carta to charity. Evan Bayh, the Democratic senator from Indiana and the son of Rubensteins former boss, was among those receiving visits from private-equity lobbyists, and soon Bayh was heard arguing that taxing enterprise value was unfair. How Stephen Schwarzman became private equitys designated villain. Alice Nicole Rubenstein (ne Alice Nicole Rogoff, born November 10, 1951) is an American newspaper publishing executive, philanthropist, and writer. He liked to talk about government and politicsnot so much about business.. Heres a guy who has taken advantage of other people to climb to the top while he expects perfection from the Founding Fathers, Dan Fagan, a talk show host and journalist who covered Alaska for 25 years, told The Post. We never quite got to sixty., On June 8th, Rubensteins cell phone rang as he was speaking to supporters of the Economic Club, at the Phillips Collection. Soon Democratic senators with ties to venture capital and real estate were protesting. He was very, very quiet, his fellow-student Kurt Schmoke, who, in 1987, became the citys first elected black mayor, told me. After an earthquake damaged the Washington Monument, Congress picked up half the bill. Rubenstein, 72, is an American billionaire businessman with a net worth of $4.5 billion, according to Forbes. He argued, among other things, that the industry served the economy by streamlining companies and producing investment gains for pension funds, and that raising taxes on private equity might prompt some firms to move abroad. David Rubenstein, who is sixty-six, grew up in Baltimore, in a two-bedroom row house in the citys northwestern corner, which was then predominantly Jewish. For years, Rubenstein has refrained from contributing to political campaigns, and Carlyle has never formed a political-action committee. Bayh, who left the Senate six months later, now works for Apollo, one of the largest private-equity firms. He turned the company around and made it a public company for $290 million. She has been at The Washington Post since 1988, working for the Style section as a feature writer and columnist. On a rainy Halloween in New York City, in a 33rd-floor conference room at the Carlyle Group, the investment giant Rubenstein co-founded, the interviewer sits down to be interviewed.. At . . Thanksgiving on the island has been a Biden family tradition, with regular holiday gatherings held there since the 1970s. Personal Life: Affair, Girlfriends, Wife, Kids David Rubenstein is a billionaire who doesn't have that interesting private life. Rubenstein, 63, has all the trappings of a billionaire; house in Colorado, house on Nantucket, $65m Gulfstream private jet, account at the Four Seasons restaurant in New York, favoured watering. Ain said the two would have no further comment. Rubenstein helped write memos for Carter, prepare him for press conferences, and draft State of the Union addresses. Private-equity firms stretched the model to its breaking point. Gary Shapiro, then a lobbyist for the consumer-electronics industry who worked alongside Shaw, Pittman in one lobbying fight against Hollywood, recalls hearing Rubensteins pitch when they travelled together to Japan, in the early eighties: His vision was to combine capital with politically connected people whose phone calls are accepted around the world. It came into its modern usage in the nineteen-twenties, in the oil-and-gas industry, and was enshrined in the federal tax code in 1954. Billionaire David Rubensteins philanthropic efforts trash the Founding Fathers, even though his own business has made a fortune from deals that have profited off the less fortunate. The couple divorced on December 8, 2017. [1][2][3] She has two siblings, Louisa Thompson and Julia Peach. They named the company The Carlyle Group after the hotel where they held some of their initial meetings, the Carlyle Hotel in New York. Fred Malek, the former deputy chairman of the Republican National Committee, did consulting work for the firm. Thanks for contacting us. Because of the Rubenstein family and how [his ex-wife] influenced the change in the states sovereign fund, the average Alaskan family has lost tens of thousands of dollars.. [8] She was introduced to Alaska by Theron "Terry" Smith, a former chief pilot for Alaska Airlines. In 1990, though, the focus on Washington paid off. On September 17th, on the floor of the Nasdaq exchange, in New York, he declared that a mentality has crept into certain corners of Washington and the business world that says, Whats good for me is good enough. The next day, during a speech at the nonpartisan Tax Policy Center, in Washington, he said that the carried-interest loophole was contributing to economic inequality: Weve lost the balance between work and wealth.. Born as David Mark Rubenstein, the Carlyle Group co-founder is 71 years old as of August 11, 2020. If the partners sold out, the I.R.S. In addition to his Nantucket compound, where thirty people can comfortably stay, he has a vacation home in Colorado, and travels in a sixty-five-million-dollar Gulfstream. Private-equity lobbyists focussed on Chuck Schumer, of New York, and Maria Cantwell, of Washington. People in Washington DC and New York look at us like a bunch of rubes and hillbillies., Meanwhile, in May, the Harvard Crimson ran an editorial calling for Rubensteins ouster as the head of the Harvard Corporation one of many influential positions he holds because of the Carlyle Groups investment in more than 70 companies it said pollutes the planet. Last May, on a 60 Minutes segment titled All-American, he said, referring to the Washington Monument, The government doesnt have the resources it used to have. I think everybody wants me to run, but were going to have discussions about it., Asked about his specific timeline for making a decision, Biden continued: Well, I my guess is I hope Jill and I get a little time to actually sneak away for a week between Christmas and Thanksgiving. Rogoff is the daughter of Mortimer Rogoff (19212008), former chairman and president of Navigation Sciences; her mother is the artist and muralist Sheila Rogoff. Billionaire David Rubenstein and his wife Alice Rogoff have decided to end their marriage. There were ten tables, with ten settings each, and two red armchairs positioned on risers at the front of the room. Its important to think about how the tax system treats people. The couple divorced on December 8, 2017. The David Rubenstein Show: Peer to Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. On May 29th, Fred Wilson, the co-founder of Union Square Ventures and an early investor in Twitter, disputed on his blog the notion that reform would impinge on the flow of capital. The Carlyle Group began managing assets in the Permanent Fund in 2005 and now manages just under $1 billion of the fund, according to public records. He was previously married to Alice Rubenstein from May 21, 1983, when the two wed, to December 8, 2017, when their divorce was finalized. Had the loophole been closed, the Treasury would have taken in eight billion additional tax dollars, or eighty billion over ten years, from just this one subset. [10] She announced in 2017 that she was giving up control of the newspaper and it was being reorganized under Chapter 11 bankruptcy laws. In September, Rosenblum testified before the House Ways and Means Committee. We are among the most highly compensated people in the world. Before the two-thousands, the taxation of partnership income had never been cause for public debate. The private-equity lobby could expect strong Republican opposition to tax increases and, among most members of the Democratic House, reflexive support for the loophole-closure bill. Fleischer, the son of two college professors in Buffalo, became aware of the loophole in the late nineteen-nineties, when he was working as a tax attorney at Davis Polk, in New York. Zell Kravinsky gave away millions. At a Credit Suisse forum in Miami, in 2013, Rubenstein said of private equity, Carried interest is really what the business has historically been aboutproducing distributions for your investors from good sales and I.P.O.s. The white-haired, bespectacled Rubenstein, who divorced after a long marriage in 2017, is also longtime history buff, and has been dubbed the Patriotic Philanthropist in fawning profiles that align with his origin story. David Rubenstein is co-founder and co-executive chairman of The Carlyle Group and host of The David Rubenstein Show. On June 2, 2013, Rubenstein joined the Secretary of the Interior and the head of the National Park Service to inspect the progress, atop the scaffolding. His role as a civic patriarch extends to other projects. I want to be able to say thank you for my success in this country, and I owe it to the country. All financial and other terms were settled privately and will remain confidential, according to Rubenstein's lawyer, Sandy Ein, and Rogoff's lawyer, Linda Ravdin. They met while both were working for the Carter Administration and married on May 21, 1983. Members of Congress arent known to scrutinize academic articles about tax law. Aside from his work as a financier, Rubenstein has also written a book titled The American Story: Interviews with Master Historians, published in October 2019 by Simon & Schuster. Mr. Rubenstein now resides in Bethesda, Maryland, U.S. Rubensteins net worth is in billions, $3.2 billion, according to Forbes, as of September 2020. Their work is essentially a combination of investment banking and management consulting: they are compensated not for building new ventures from scratch, with the risk that entails, but for managing the investments of wealthy individuals and pension funds and other institutional clients. In legislative circles, he is among the foremost authorities on the issue. She worked at The Washington Post as an assistant to publisher Donald Graham, creating its online edition. Rubensteins gifts honor the genius and legacy of our founders while telling the stories of the people they enslaved and did not elaborate further. If the fund does well, the managers share in the treasure, he wrote. After a few minutes, Shapiro recalls, Rubenstein returned and said, That was a senator. WASHINGTON - After months of rumors, the marriage of billionaire philanthropists David Rubenstein and Alice Rogoff has officially ended.