Rank #1062
William Conway Jr
Net worth $4.0B
Private equity · United States
- Born
- Aug 27, 1949
- Age
- 76
- Source
- Private equity
- Residence
- McLean, Virginia
- Citizenship
- United States
- Marital status
- Married
- Children
- 1
- Education
- Bachelor of Arts/Science, Dartmouth College
Net worth over time
Biography
- William Conway Jr. is one of three billionaire founders of private equity firm Carlyle Group.
- Conway stepped down as co-CEO in 2018 and now serves as non-executive co-chairman with cofounder and billionaire David Rubenstein.
- The trio took Carlyle public on the Nasdaq exchange in 2012 and the firm is now approaching $453 billion in assets under management.
- They used their Beltway connections--George H.W. Bush was among their advisers--to invest in defense-oriented companies.
- Before founding Carlyle, he was the chief financial officer of telecom company MCI Communications.
- Conway contributed $10.5 million in 2020 to his son Bill Conway's failed campaign for Cook County State's Attorney in Illinois.
- Conway was owner of Merrywood, Jackie O's childhood home in McLean, Virginia, until 2005 when he sold the estate to former AOL CEO Steve Case for $24.5 million.
- Conway went to night school for his MBA at the University of Chicago.
Financial assets
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