RICHARD KAYNE • Net Worth $1.6 Billion • House • Yacht • Private Jet • Kayne Capital

Name:Richard Kayne
Net Worth:$1.6 billion
Source of Wealth:Kayne Capital
Born:April 15, 1945
Age:
Country:USA
Wife:Suzanne Kayne
Children:Jenni Kayne Ehrlich, Maggie Kayne, Saree Kayne
Residence:Santa Monica
Private Jet:(N910KB) Canadair Challenger
Yacht:Suri

Who is Richard Kayne?

Richard Kayne, a prominent figure in the financial industry, was born on April 15, 1945. He is not only a successful businessman but also a dedicated philanthropist. Richard is married to Suzanne Kayne, and together, they have made significant contributions to various causes.

Richard’s illustrious career in finance has been marked by innovation and success. He currently serves as the chairman and co-founder of Kayne Anderson Capital Advisors, a distinguished financial investment advisory firm. However, his journey to this point is filled with remarkable achievements.

Key Takeaways

  • Richard Kayne, born on April 15, 1945, is the founder of Kayne Anderson Capital Advisors.
  • He is a prominent figure in the financial industry and has made significant contributions to philanthropy.
  • Kayne Anderson Capital Advisors manages $28.0 billion in investments, with a focus on energy, infrastructure, and real assets.
  • In 2015, the firm merged with Ares Management, expanding its influence and reach.
  • Richard Kayne’s estimated net worth is $1.6 billion, driven by his role as CEO and founder.
  • He is the owner of the yachts Suri and JEMASA.
  • His three children, Jenni Kayne and Maggie Kayne, have made their marks in the worlds of lifestyle brands and contemporary art galleries, respectively.
  • Richard Kayne’s financial success is rooted in his founding of Kayne Capital and Kayne Anderson Rudnick, with the latter being sold to Phoenix Investment Partners in 2001.

Kayne Anderson Capital Advisors: A Financial Powerhouse

Kayne Anderson Capital Advisors LP is a financial investment advisory firm with a stellar reputation. Managing a whopping $28.0 billion in investments, the firm specializes in private investment partnerships and public closed-end funds.

One of the firm’s standout characteristics is its expertise in the energy, infrastructure, and real asset sectors. With a long-term, value-oriented approach to investing, Kayne Anderson Capital Advisors has consistently delivered strong returns to its investors, earning its place as a leader in the alternative asset management industry.

The firm’s investment strategy is primarily focused on energy infrastructure, including Energy Private Equity, MLP, and Real Asset investments. Notable investments include 3Cinteractive, Andover Healthcare, and various software developers, showcasing its diverse portfolio.

The 2015 Merger

In a significant development, Kayne Anderson Capital Advisors merged with Ares Management in a substantial $2.6 billion transaction in 2015. This merger expanded the company’s reach and influence in the financial industry. Today, the firm employs nearly 300 professionals and operates from eight offices across the United States, with its headquarters in Los Angeles and additional offices in Houston, New York City, Chicago, Denver, Dallas, Atlanta, and Boca Raton.

Richard Kayne’s Net Worth

As an active philanthropist and the driving force behind Kayne Anderson Capital Advisors, Richard Kayne’s net worth is estimated to be an impressive $1.6 billion. However, as a private company, the financial details of Kayne Anderson Capital Advisors are not publicly disclosed. Richard Kayne, as the CEO and founder, likely holds a substantial stake in the company, further enhancing his net worth.

The Kayne Legacy: Children and Their Achievements

Richard Kayne’s legacy extends beyond the world of finance, as evident in the accomplishments of his three children:

Jenni Kayne has carved her path with the creation of the Jenni Kayne lifestyle brand. Her company is celebrated as the quintessential California lifestyle brand, with its products available in over 20 stores.

Maggie Kayne is the visionary behind the Kayne Griffin Corcoran art gallery, a contemporary art gallery based in Los Angeles. In 2022, she co-created the Los Angeles home for Pace, an esteemed art gallery. The Kayne Griffin Corcoran gallery, featuring key elements designed by James Turrell, became Pace’s new west coast flagship. This 15,000-square-foot space includes a permanent Skyspace by Turrell, unique to the city and a testament to Maggie’s commitment to the art world.

Frequently Asked Questions (FAQ)

How did Ric Kayne make his money?

Richard Kayne made his fortune as the founder of Kayne Capital and Kayne Anderson Rudnick. Notably, he sold Kayne Anderson Rudnick in 2001 to Phoenix Investment Partners, a strategic move that paved the way for his continued success in the financial industry.

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Yacht Suri


He is the owner of the yacht Suri, as for Suzanna and Richard. SuRi was built as a support yacht for the Hakvoort motor yacht Jemasa. Jemasa was named after his three daughters Jenny, Maggie, and Sarrie. In December 2023 Richard bought the yacht Plan B and named her JEMASA.

The SURI yacht, designed by Joseph Artese Design, was built by Halter Marine in 1978.

It features Caterpillar engines, reaching a max speed of 15 knots and a cruising speed of 12 knots.

SURI’s impressive range extends beyond 3,000 nautical miles, allowing for extended voyages.

The yacht can accommodate up to 15 guests and boasts a crew of 19 professionals.

Suri is available for yacht charter, with a charter fee starting at $350,000 per week.

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