Early Life and Education
David Kaplan's journey to becoming a billionaire began with his education. He graduated from the University of Michigan with a Bachelor of Business Administration degree, concentrating in Finance.
Rise to Success
Kaplan's career includes significant roles in the finance industry. Before founding Ares Management, he held key positions at Apollo Global Management and Shelter Capital Partners. His extensive experience paved the way for his co-founding of Ares Management in 2003. Under his leadership, Ares Management has grown to manage over $419 billion in assets, solidifying Kaplan's influence in the finance world. He currently serves as a Partner and Co-Chairman of its Private Equity business alongside cofounder Bennett Rosenthal.
Key Business Strategies
Kaplan's success is rooted in strategic investment decisions and a keen understanding of the financial markets. His focus on credit and alternative investments has been a cornerstone of Ares Management's growth. He has been involved in multiple private equity investments, contributing significantly to the firm's diverse portfolio. Kaplan also serves on several Ares Investment Committees.
Philanthropy
Kaplan is involved in philanthropy, and there is a foundation named "The David and Meredith Kaplan Foundation". This foundation is based in Florham Park, New Jersey, and has assets of approximately $19.2 million. The foundation provides grants for various causes across the United States. However, the exact amounts or details about David Kaplan's personal philanthropic contributions could not be found in the search results.