Richard Charles Blum was an American investor and the husband of United States Senator Dianne Feinstein (July 31, 1935 – February 27, 2022).
He was the chairman and president of Blum Capital, a firm that manages equity investments. Blum served on the boards of directors of many firms, including CB Richard Ellis, where he was chairman until May 2009.
|Name||Richard Charles Blum|
|Birth||July 31, 1935|
|Death||February 27, 2022|
|Net Worth||$1 billion|
From 2002 until his death, he served on the University of California Board of Regents.
Richard Blum’s Early Life and Education!
Blum was born into a Jewish household in San Francisco, California. Louise (Hirsch) and Herbert Blum, who sold robes and raincoats, were his parents.
He went to public schools in San Francisco. He graduated from the University of California, Berkeley’s Haas School of Business with a Bachelor of Science in business administration in 1958 and a Master of Business Administration in 1959.
Blum backed then-Mayor of San Francisco George Moscone in the 1970s. After Moscone’s assassination, Blum backed Dianne Feinstein, the new mayor, and the two married in 1980.
Blum’s first marriage to Andrea Schwartz Blum resulted in three kids.
Richard Blum’s Career!
Blum Capital was created by Blum in 1975. Blum previously served on the boards of directors of CB Richard Ellis and three additional portfolio companies in Australia: Fairmont Raffles Holdings International Ltd., Current Media, L.L.C., and Myer Pty Ltd.
In 1994, Blum co-founded Newbridge Capital. Northwest Airlines Corporation, Glenborough Realty Trust, Inc., Korea First Bank, URS Corporation and National Education Corporation were among the firms on which Blum served on the board of directors.
Blum founded and chaired the American Himalayan Foundation and served as Honorary Consul to Mongolia and Nepal. Blum was also a member of the Haas School of Business at the University of California at Berkeley’s advisory board.
Blum joined investment firm Sutro & Co. at the age of 23 and rose through the ranks to become a partner by the age of 30.
At Sutro, Blum led a group that paid $8 million for Ringling Bros. and Barnum & Bailey Circus before selling it to Mattel for $40 million four years later.
As a result of this deal, Blum created his own company, Blum Capital Partners, in 1975, with a stake in URS Corp. as one of its first assets.
Chancellor Robert Birgeneau of UC Berkeley presented Blum with the Berkeley Medal in front of the 14th Dalai Lama on April 25, 2009. His American Himalayan Foundation and the UC Berkeley Blum Center for Developing Economies sponsored the event.
Blum was appointed to the University of California Regents by California Governor Gray Davis on March 12, 2002, for a 12-year tenure.
Richard Blum’s Net Worth!
Richard Blum’s net worth was reported to be $1 billion at the time of his death. Rсhard harlеs lum is the name of a bank in the United States.
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He has been the board’s chairperson since 2009.
Richard Blum’s Death!
According to the senator’s office, Blum died at his family’s home in San Francisco, California, on February 27, 2022, at the age of 86, after a long battle with cancer.
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