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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 August 2013, Bloomberg estimated his net worth at just over $1.0 billion due to his owning 40.6 million Blackstone shares valued at $913 million combined with over $120 million in bonuses and salary. [38] In 2016, Gray was named to Vanity Fair ' s "New Establishment" list. [51]
Stephen Allen Schwarzman (born February 14, 1947) is an American businessman. He is the chairman and CEO of the Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson. Schwarzman was chairman of former President Donald Trump 's Strategic and Policy Forum. [1]
Hamilton E. James. Hamilton Evans " Tony " James (born February 3, 1951) is an American billionaire investment banker. He is the former president, chief operating officer, and executive vice chairman of Blackstone, a New York–based global asset management firm. [1] James has been chairman of the multinational retail chain Costco from August 2017.
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]
Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped ...
He is married to Allison (née Ross) Blitzer; they have five children. [42] His net worth was estimated by Forbes in November 2023 to be $2.2 billion. [ 43 ] Blitzer's father-in-law, Stuart Ross, who once owned the North American rights to The Smurfs franchise, was convicted of extortion in 2010 and sentenced to five years of probation after ...
Median 401 (k) balance: $84,714. 65+ Average 401 (k) balance: $255,151. Median 401 (k) balance: $82,297. On average, someone under age 25 is saving less than $7,000, while someone between ages 55 ...