Billionaire David Rubenstein told us why he paid $1.7 billion for a baseball team, and shared his 2 biggest investing mistakes

David Rubenstein explained why he bought a baseball team, missed out on Amazon and Facebook, and would be careful betting on or against the AI boom.

The billionaire cofounder of Carlyle Group, one of the world’s biggest private equity firms, spoke to Business Insider ahead of the release of his new book “Inside the Owner’s Box: Conversations on Power and Leadership in Sports.”

In the book, Rubenstein tells the story of buying the Baltimore Orioles for around $1.7 billion in 2024, and shares his interviews with fellow team owners, including Robert Kraft of the New England Patriots.

He told Business Insider that a few decades back, the…

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