Who is David Rubulotta?
David Thomas Rubulotta was born in 1973 in Pennsylvania, USA. He is a banking and finance executive, but probably best known as the husband of news anchor Erin Burnett. His wife works for CNN, best known for her work on the show “Erin Burnett Out Front”. She previously worked for NBC and CNBC.
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David Rubulotta’s Net Worth
As of early 2020, David Rubulotta’s net worth is estimated to be over $12 million, earned through success in the financial sector. Although he earns a hefty salary from Citibank, he also owns several investment vehicles such as real estate and stocks.
Erin Burnett wore this gorgeous gold double turtleneck beaded dress from Carmen Marc Valvo to marry her current husband, David Rubulotta, late last year in New York. Thanks to David Gordon for this photo.
He may also be benefiting somewhat from his wife’s success, who has a net worth estimated at over $6 million.
Early life and education
David has lived out of the limelight for most of his life, especially growing up in suburban Pennsylvania during his childhood. During this time, he developed a passion for business and hoped to become rich one day. After graduating from high school, he enrolled at Villanova University, where he earned a degree in marketing and advertising. He focused on business operations because he wanted to get big with these resources in the beginning.
He then continued his studies by enrolling at Columbia University for a master’s degree in business administration. Columbia is one of the most prestigious universities in the world and is part of the private Ivy League. The school is responsible for several advancements in science, and many of its alumni have become prominent personalities in their own right. After completing his master’s degree, he started looking for an opportunity in the financial sector.
A career in finance
Rubulotta’s first job was with the now-defunct Lehman Brothers, where he worked as a broker and for many years developed his skills in trading, stocks and investment banking.
He gained wealth with the business as he used his huge earnings to invest in various vehicles such as real estate. In 2008, Lehman was said to be one of the companies to be significantly affected by the recession dubbed the global financial crisis, prompting the company to apply for bankruptcy† This was caused by a majority of its customers leaving the company, which in turn led to a drastic drop in their earning capacity.
He left long before the company’s demise, as he was offered work as an executive at Citibank. He was hired as general manager, actually introduced to the company by his wife, who had also found success in the financial world.
Owned by Citigroup, Citibank is known for its strong presence around the world. While the bank was also significantly affected by the recession, they were: supported by the US Treasury Department investing in it. When the bank recovered, the US government took advantage of the gains.
Wife – Erin Burnett
Erin grew up in Mardela Springs, Maryland, the daughter of a lawyer whose heritage dates back to Scotland and Ireland. After graduating from high school, she enrolled at Williams College and completed a degree in political economy. She was also very athletic during her childhood, playing with her college’s hockey and lacrosse teams.
She then continued her studies and obtained a master’s degree in political science and economics.
Like her husband, she began her career in the financial industry and developed her experience and skills at Goldman Sachs, where she worked as a financial analyst, most notably in their investment banking division. Eventually, her expertise was sought out by media companies and she was approached by CNN, where she worked part-time as a writer. She eventually left Goldman Sachs because she was offered a better position at CitiMedia, part of Citigroup. She became vice president of the division and her position there also opened the door for her husband.
After joining Citigroup, she was approached by Bloomberg Television, where she worked as an anchor.
Recent projects and controversies
In 2005, Burnett moved from Bloomberg to CNBC and became the host of programs such as “Squawk on the Street” and “Street Signs”, both business-oriented, and where she stayed for the next six years. During this time, she earned credit for her investigative report on the Transammonia company, finding that the company was buying ammonia from Iran, which led to the company cutting all ties with the country. Although she had good experiences with CNBC, she found a better opportunity in CNN, which she joined in 2011.
With her contract with the company, she got a program later called “Erin Burnett Out Front”, the hour that focused on breaking news with analysis. She’s been accused prejudiced in her reporting, especially when it comes to business news because of her background at major financial firms on Wall Street. Despite this, CNN respects her opinion and allows her to express it as part of its program. She was highly critical of former presidential candidate Hillary Clinton, who has been candid about Trump’s speculated conspiracies with Russia.
David met Erin through a mutual friend, apparently “love at first sight” encounter. They were together for eight years before he proposed to her while vacationing on a private island in the Caribbean. She married in December 2012, with the wedding said to be Christmas themed, a lavish event where they both wore luxury brands in front of many guests. Since then, the couple has had two children.
David is known as a strong supporter of the Republican party, as is his wife. He has donated to political campaigns several times, including Governor Chris Christie’s 2009 campaign. He also donated money during the 2016 presidential campaign targeting the Republican party.