While raising four children with his wife, Suzanne, Mr. Youngkin climbed the ladder at Carlyle: from leading its buyout deals in Britain, to becoming the head of a global industrial group in Washington, to helping lead the firm’s initial public offering in 2012, to being named co-chief executive in 2018.
Mr. Youngkin amassed a 31.5-acre property around his family home in Great Falls, in the Washington suburbs, which he and his wife developed into a horse farm and a riding arena. (They received a 95 percent tax reduction in 2020 after petitioning to have the property designated an agricultural preserve.)
A private foundation that the Youngkins established owns property in McLean that is the site of Holy Trinity Church, an independent evangelical congregation that Mr. Youngkin first founded in his basement, and a 358-acre farm in Middleburg — horse country — that serves as a “Christian retreat ministry.”
In interviews, Mr. Youngkin explained it was Suzanne who had made him a regular churchgoer, insisting that faith be central to their marriage.
According to Bloomberg, Mr. Youngkin was known as the “the nice guy and culture carrier” at Carlyle, whose founding billionaires had groomed him to be a face of the company. But after losing a power struggle with his co-chief executive, he left the firm in September 2020.
For more than a decade, Mr. Youngkin had been a generous donor to establishment Republicans, including Senator Lindsey Graham of South Carolina and former Speaker Paul Ryan, as well as Mitt Romney, the 2012 Republican presidential nominee, who benefited from $75,000 of Mr. Youngkin’s cash.
When he left Carlyle, he told colleagues that he intended to explore politics himself. “I have long felt a calling to service, and Covid’s massive disruptions and intense social and economic challenges have only strengthened that conviction,” he wrote.

Source: New York Times

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