News > Lifestyle, 4:01

David Rubenstein loves baby pandas

By NexChange
Lifestyle, 4:01

Even financiers have a soft spot for fuzzy baby animals.

David Rubenstein, co-founder of The Carlyle Group, is donating $4.5 million to the National Zoo's giant panda research and conservation program, reports the Washington Post. The Washington, DC zoo says the money will help fund panda reproduction research, training programs, and upgrades to the giant panda habitat through 2020. This isn't the first time Rubenstein has given a big donation to the fuzzy bears. In 2011, Rubenstein gifted another $4.5 million to the pandas.
“The National Zoo’s panda program has been a remarkable success — two healthy pandas in just two years — and I am pleased to support it for another five years,” Rubenstein says in a press release.
The National Zoo is known for its pandas, including a baby boy born August 22. Giant pandas are native to China and a critically endangered species. China owns and leases all pandas held in the U.S. The National Zoo pays $500,000 a year to lease its pandas, and is currently negotiating a new lease. All cubs born at the zoo have to go to China when they turn 4.
Photo: Will Sowards 

Subscribe to our Newsletter

Be one of the first to experience the future of financial services