Business Career and Philanthrophy
After graduating from law school, Shriver clerked for a year for Judge Stephen R. Reinhardt at the U.S. Court of Appeals for the Ninth Circuit, which is headquartered in San Francisco, California.
He then moved to New York City to work in a venture capital business at James D. Wolfensohn, Inc.
Along with his father, Eli Jacobs and Larry Lucchino, he was an investor from 1989 to 1993 in the Baltimore Orioles, a professional-baseball team based in Baltimore, Maryland.
Shriver is an attorney. He is also president of RSS Inc., a Beverly Hills, California music, film and philanthropic company. (The letters RSS are Shriver's initials.)
In 1987, he produced a prime-time television feature about the Special Olympics, an organization for disabled young people and founded by his mother in 1968. This and subsequent productions have raised in excess of US$55 million for the Special Olympics program.
He has also produced several films, including True Lies (1994), which starred Arnold Schwarzenegger – whose ex-wife is Shriver's sister, Maria Shriver.
In 2002, Shriver was a co-founder – with U2 lead singer Bono – of DATA (Debt, AIDS, Trade in Africa), a multinational, non-government organization whose purpose is to obtain social equality and justice for Africa through debt relief; adjust trade rules which burden Africa; eliminate the African AIDS epidemic; and strengthen democracy with more accountability by the wealthiest nations and African leaders with transparency towards the people.
With Shriver's involvement, DATA, in turn, was one of the founding organizations in 2004 of the ONE Campaign, a U.S.-based, non-partisan, non-profit organization which aims to increase U.S. government funding for and effectiveness of international-aid programs.
In 2006, he and Bono also co-founded, and Shriver is chief executive officer of, (Product) Red, a brand-licensing company, to raise money for The Global Fund to Fight AIDS, Tuberculosis and Malaria. The company licenses its "(Product) Red" logo to partner companies in return for the opportunity to increase their own revenue through the "(Product) Red" products that they sell. A percentage of the profits goes to The Global Fund to Fight AIDS, Tuberculosis and Malaria.
Read more about this topic: Bobby Shriver
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