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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 ...
Education. Yale University ( BA) Harvard University ( MBA) 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 ...
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]
As you might expect, net worth would likely be quite low or even negative for individuals in Texas classified as poor. The net worth for this group could be estimated between $0 and $15,000.
University of Chicago ( MBA) Peter George Peterson (June 5, 1926 – March 20, 2018) was an American investment banker who served as United States Secretary of Commerce from February 29, 1972, to February 1, 1973, under the Richard Nixon administration. [1] [2] [3] Peterson was also chairman and CEO of Bell & Howell from 1963 to 1971. [4]
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]
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When BlackRock split from Blackstone in 1994, Fink retained his positions, [3] becoming chairman in 1998 after BlackRock became independent. His other positions at the company have included chairman of the board , chairman of the executive and leadership committees, chair of corporate council and co-chair of the global client committee. [ 14 ]