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Henry Kravis

Carlyle's Founders Get $92.9 Million Each In 2013

The founders of private equity firm Carlyle Group LP each received $92.9 million in dividends and salaries in 2013, a regulatory filing showed, up from $57.6 million in 2012.David Rubenstein, William Conway and Daniel D'Aniello, who founded Washington, D.C.-based Carlyle in 1987 and are now in their sixties, forfeited their bonuses for the second consecutive year. ()They received $92.6 million each from their individual 15.4 percent stakes in Carlyle, according to Reuters calculations based on a declared dividend of $1.97 per Carlyle Holdings unit. They also received $281,375 each in executive pay.Carlyle's distributable income rose about 22 percent to $840 million in 2013. The firm said earlier this month that fourth-quarter earnings more than tripled as the value of its funds and asset sale profits soared.Buoyant capital markets boosted the value of the companies held by Carlyle's funds, helping it to cash out on more investments and return money to investors.Rubenstein received $108...

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