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Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [3]: 45–56 [4] The founders named their firm "Blackstone" using a cryptogram derived from their names: "Schwarz" is German for "black"; "Peter", "Petros" or "Petra" (Πέτρος and πετρα, the masculine and feminine rendering of the word ...
In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group, [6] and joined its newly formed real estate private equity group the following year. He became co-head of the real estate group in 2005 and global head of real estate in 2011, [7] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia.
According to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. [47] According to Forbes, Schwarzman has a net worth of $39 billion, as of April 2024. [2] In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of the year. [48]
Blackstone Inc.'s (NYSE:BX) stock rose 5.9% last week, but insiders who sold US$20m worth of stock over the last year...
As of 2020, over half of the members of Congress were millionaires and the median net worth of members was approximately $1 million. [4] The original documents for each member's disclosure are publicly available on database websites. [5] Since 2009, the salaries per annum of members of the United States Congress have been as follows: [6]
Before: $14 million. After: $20 million. The Johnson family’s net worth was $14 million thanks to land, radio, and TV holdings, the New York Times reported in 1964. When President Lyndon Johnson ...
David Blitzer. David Scott Blitzer (born September 7, 1969) is an American investor and sports team owner. He is a senior executive at the private equity firm Blackstone and co-managing partner of the NBA's Philadelphia 76ers and NHL's New Jersey Devils. Blitzer also manages several association football clubs under Global Football Holdings ...
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