Each founder of Carlyle Group LP received $57.6 million each in earnings from their shares in the private equity firm and executive salaries in 2012. It is said to be less than what they earned on 2011 of $137.8 million, before they were able to amass a $671 million in their initial public offering where they sold 10% of their shares back in May 2012.
Daniel D'Aniello, David Rubenstein and William Conway established the Washington D.C. based Carlyle Group in 1987. The three founders who are in their sixties each earned a bonus of approximately $3.5 million last year but so far the majority of their earnings come from being owners of the firm. From the 15.4% shares of each of the three from Carlyle, each founder earned $57.3 million and each also earned $281,250 as executive compensation.
Carlyle spokesman Chris Ullman said "We're all about alignment of interests. If our investors do well, we do well. The founders reinvested most of their gains and gave much to worthy causes."
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