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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.
Blackstone’s "Alternatives” video is easily the firm’s most successful and most viral holiday outing, Jonathan Gray, Blackstone’s president and COO told Fortune. "This thing has had more ...
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] According to Forbes, Schwarzman has a net worth of $39 billion as of April 2024. [2]
Even though Blackstone Inc. ( NYSE:BX ) stock gained 14% last week, insiders who sold US$20m worth of stock over the...
Blackstone Inc.'s (NYSE:BX) stock rose 5.9% last week, but insiders who sold US$20m worth of stock over the last year...
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 ...
In 2008, Peterson was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 billion. [4] [5] He was also known as founder and principal funder of The Peter G. Peterson Foundation, which is dedicated to promoting fiscal austerity. [6]