Burkle made his bid to Petrolane's board that was 20% lower than Petrolane's internal valuation. Burkle's portfolio was by then worth some million and during the next five years he continued to invest in stocks and oversaw his family's rental properties.He has also invested in technology startup companies through Inevitable Venture, a venture capital fund founded by D. Inevitable Ventures's investment include Picnic Health, 8i, Thrive Market, and Wiser Care.
Ronald Wayne Burkle (born November 12, 1952) is an American investor and philanthropist.
He is co-founder and managing partner of The Yucaipa Companies, LLC, a private equity and venture capital firm that specializes in underperforming U. companies in the distribution, logistics, food, retail, consumer and light industrial sectors.
The only way Ron Burkle could see his father, Joseph, when he was a child was to work at the Stater Bros.
grocery store in California where Joseph was the manager, working seven days a week.
In a new book that uncovers the secret histories of some of Los Angeles' ritziest real estate, author Michael Gross describes a "love-hate" friendship between the neighboring billionaires, and quotes Burkle saying he suspected Geffen was a source for the controversial 2008 Vanity Fair piece that dissected his relationship with former President Bill Clinton.