Richard C. Blum facts for kids

Quick facts for kids Richard C. Blum
Blum in 2009
Born	Richard Charles Blum (1935-07-31)July 31, 1935 San Francisco, California, U.S.
Died	February 27, 2022(2022-02-27) (aged 86) San Francisco, California, U.S.
Education	University of California, Berkeley (BS, MBA)
Spouse(s)	Andrea Schwartz ​ ​ (m. 1959; div. 1977)​ Dianne Feinstein ​ (m. 1980)​
Children	3

Richard Charles Blum (July 31, 1935 – February 27, 2022) was an American investor and the husband of United States Senator Dianne Feinstein. He was the chairman and president of Blum Capital, an equity investment management firm. Blum was on the boards of directors of several companies, including CB Richard Ellis, where until May 2009 he served as the chairman of that board. He was a regent of the University of California from 2002 until his death.

Early life and education

Blum was born in San Francisco, California, to a Jewish family. He was the son of Louise (Hirsch) and Herbert Blum, who sold robes and raincoats. He attended San Francisco public schools. He received his Bachelor of Science in business administration in 1958 and a Master of Business Administration in 1959 from the Haas School of Business of the University of California, Berkeley.

In the 1970s, Blum supported then Mayor of San Francisco George Moscone. After Moscone's assassination, Blum supported the new mayor Dianne Feinstein; they married in 1980. Blum had three daughters from his first marriage to Andrea Schwartz Blum.

Career

Blum joined investment brokerage Sutro & Co. at the age of 23, becoming a partner before age 30. At Sutro, Blum led a partnership that acquired Ringling Bros. and Barnum & Bailey Circus for $8 million, selling it to Mattel four years later for $40 million. On the back of this deal Blum started in business for himself in 1975, founding what is now Blum Capital Partners; a stake in URS Corp. was one of its first investments.

Blum with Ron Conway and Paul Pelosi in 2012

Blum founded Blum Capital in 1975. Blum previously served as chairman of the board of directors of CB Richard Ellis, as well as serving as director on the boards of directors of three other portfolio companies: Fairmont Raffles Holdings International Ltd., Current Media, L.L.C., and Myer Pty Ltd. in Australia. Blum co-founded Newbridge Capital in 1994.

Blum served on the boards of multiple companies, including Northwest Airlines Corporation, Glenborough Realty Trust, Inc., Korea First Bank, URS Corporation, and National Education Corporation. Blum was the founder and chairman of the American Himalayan Foundation and was Honorary Consul to Mongolia and Nepal. Blum was also a member of the advisory board of Berkeley's Haas School of Business.

On March 12, 2002, Blum was appointed by California Governor Gray Davis to a 12-year term as one of the Regents of the University of California.

On April 25, 2009, at talk featuring the 14th Dalai Lama, Berkeley Chancellor Robert Birgenau presented Blum with the Berkeley Medal, the university's top honor. The talk was sponsored by his American Himalayan Foundation and the Blum Center for Developing Economies at Berkeley.

Blum was also the primary owner of Career Education Corporation until 2015 and served on the boards of the CB Richard Ellis (chairman), Newbridge Capital (co-chairman), and Blum Capital.

Personal life

Blum with his then-partner Dianne Feinstein in the late 1970s

Blum had a strong interest in Tibet and Tibetan Buddhism, and in 1981 he attempted to climb Mount Everest from the Tibetan side with Sir Edmund Hillary. He was the chairman and founder of the apolitical American Himalayan Foundation (AHF), which has given millions of dollars to build hospitals and schools in Tibet and Nepal, but refrained from political involvement with the Chinese control of Tibet.

Blum was at various times a trustee of The Carter Center; co-chairman of The World Conference of Religions for Peace; member of Governing Council of The Wilderness Society; member of the board of trustees of the Brookings Institution; member of the board of trustees of the American Cancer Society Foundation; member of the board of directors of the National Democratic Institute; and a member of the board of trustees of the Richard C. Blum Center for Developing Economies at the University of California, Berkeley. He contributed $15 million toward the establishment of center, which addresses extreme poverty and disease in the developing world. In 2019, Blum provided an additional $12 million to endow a chair at the center.

He donated to the University of California at San Francisco (UCSF), Merced and Los Angeles (UCLA) and Sonoma State University, as well as Macalester College. He pledged $1.25 million to the University of San Francisco (USF) in 2007, and another $1.5 million to USF for "global education" in 2019. He was awarded the UCSF medal in 2012. He served on many other boards, including the Seva Foundation and as chairman of the Himalayan Foundation. In the arts and culture, he made grants to the Creative Visions Foundation, the Daniel Pearl Foundation, San Francisco's Asian Art Museum, the San Francisco Conservatory of Music, and the Geffen Playhouse in Los Angeles.

Blum was diagnosed with lung cancer in 2016. He was hospitalized in September 2021 for an undisclosed reason. He died from cancer at his home in San Francisco on February 27, 2022, at the age of 86.

Books

• Blum, Richard C.; Stone, Erica; Coburn, Broughton (2006). Himalaya: Personal Stories of Grandeur, Challenge, and Hope. ISBN 978-0-7922-6192-6.
• Blum, Richard C.; Hayes, Thomas C. (2016). An Accident of Geography: Compassion, innovation, and the fight against poverty. ISBN 978-1-62634-334-4.