Richard C. Blum

Richard C. Blum is an investment banker and the husband of United States Senator from California Dianne Feinstein. He is a managing partner Blum Capital Partners, LP, an investment firm, and has a net worth of over $50 million. http://www.blumcapital.com/

Related Topics:
United States Senator - California - Dianne Feinstein

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

Related Topics:
March 12 - 2002 - Gray Davis - University of California

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Blum serves on the boards of the following companies:

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• CB Richard Ellis (Chairman) http://www.cbre.com/
• Newbridge Capital, LLC (co-Chairman) http://www.newbridgecapital.com/
• Korea First Bank http://www.kfb.co.kr/newweb/index_eng.jsp
• Northwest Airlines
• Playtex Products http://www.playtex.com/
• Glenborough Realty Trust http://www.glenborough.com/
• Kinetic Concepts (jointly owned with Fremont Partners) http://www.kci1.com/

In 1992, Feinstein was fined $190,000 for failing to disclose that Blum had guaranteed nearly $3 million in loans to fund her 1990 bid for California governor. In 1997, a Los Angeles Times article stated that while Feinstein was campaigning in the Senate for a lifting of trade sanctions against the People's Republic of China, Blum was managing millions of dollars of investments in Chinese businesses through his firm Newbridge Capital. Following a public debate about whether a conflict of interest existed, Blum announced that he would donate all of his profits from his China investments to charity. Feinstein backers declared that most investment managers have exposure to China and that the wealthy Senator is highly unlikely to have financial motivations behind her political positions.

Related Topics:
1992 - 1990 - 1997 - Los Angeles Times - People's Republic of China

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Blum has a strong interest in Tibet and Tibetan Buddhism. In 1981 he attempted to climb Mount Everest from the Tibetan side with Sir Edmund Hillary. He is the founder of the American Himalayan Foundation, which has given millions of dollars to build hospitals and schools in Tibet and Nepal.

Related Topics:
Tibet - Tibetan Buddhism - 1981 - Mount Everest - Edmund Hillary - American Himalayan Foundation - Nepal

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