Kewsong Lee Net Worth

During his five-year tenure as Carlyle’s CEO, Kewsong Lee helped bolster the company’s growth and increased its market value by over $2 billion. In fact, he was instrumental in the firm’s exit from hedge funds and the acquisition of its own insurance assets. Having started his career with Warburg Pincus, Kewsong Lee joined Carlyle in 2013 and became Deputy Chief Investment Officer for Corporate Private Equity and Head of the Global Credit segment. Eventually, he was promoted to the role of co-CEO in 2017.

Kewsong Lee made his first big investment when he joined Carlyle Group as a Partner in 2013. After he graduated from Harvard College, Lee worked at McKinsey and Company for two years before joining Carlyle. He has since served on the boards of several other companies and is a member of the Harvard Business School Global Advisory Council. Kewsong Lee is also a Vice Chair of the Partnership for New York City. He also serves as President of the Board of Directors for the Lincoln Center Theater. He is also a member of the US China Business Council and the Business Roundtable.

He earned an MBA from Harvard Business School. He was a partner at Warburg Pincus for 21 years before joining Carlyle. He was instrumental in diversifying the firm and making its assets more accessible to investors. He also worked on the firm’s buyout practice. He was appointed as co-CEO in 2017 with Glenn Youngkin.

He negotiated a new contract with the Carlyle board. The deal included a base salary of $1 million in 2022. The firm also increased his total salary to $16,053,600. In return, he would continue to serve on the company’s board. The CEO also stepped up his efforts to raise money by launching a new business plan last year. He set a lofty goal of raising $130 billion in equity from investors by 2024.

He also became the firm’s sole CEO in 2020. As of February 2022, he owned over $25 million worth of Carlyle shares. His most recent trade was a sale of 197,325 shares for $4 Million.

Having joined the firm in 2013, he helped the firm make moves to diversify its assets. He helped launch a new credit investment platform under the leadership of Mark Jenkins. He also expanded Carlyle’s buyout business and helped manage the firm’s insurance assets. He also oversaw the firm’s exit from hedge funds and its acquisition of the Lincoln Center Theater.

He has been on the board of seven other companies and is also a member of the Business Roundtable and Harvard Business School’s Global Advisory Council. He is also a Vice Chair of the US Chamber of Commerce China Center. He is also the President of the Lincoln Center Theater Board and Vice Chair of the Partnership for New York City.

The Carlyle Group is a publicly traded firm with a market value of over $12 billion. Its shares have been up about 66% from their start of the year. They have also underperformed the market since its initial public offering (IPO) in 2012.