David Stockman was born in Ft. Hood, Texas in November 1946. He received his B.A. from Michigan State University in 1968. Afterward he pursued graduate studies at Harvard University, 1968-1970 and 1974-1975.
Stockman went to Washington in 1970 where he served as special assistant to US Representative, John Anderson of Illinois, 1970-1972. He was executive director, US House of Representatives Republican Conference, during 1972-1975.
He was elected to the US House of Representatives for the 95th Congress and was reelected in two subsequent elections, serving from January 1977 until his resignation in January 1981.
He then became Director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. He was the youngest cabinet member in the 20th century.
In 1986 Stockman wrote a best-selling book, The Triumph of Politics.
After leaving government, Stockman joined Wall Street investment bank Salomon Bros. and later became a founding partner at New York-based private equity firm, The Blackstone Group. He left Blackstone in 1999 to start his own private equity fund, Heartland Industrial Partners, LP, based in Greenwich, CT.
David Stockman lives in Greenwich, CT, with his wife Jennifer Blei Stockman. They have two daughters, Rachel and Victoria.