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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]
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]
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]
Merlin Entertainments Limited is a British entertainment company based at Poole in Dorset, England, which operates a number of theme parks and other tourist attractions. It was listed on the London Stock Exchange until November 2019, when it was acquired by a consortium that includes Kirkbi A/S (the investment arm of the Kristiansen family, which controls The Lego Group).
Blackstone employees, like most Wall Street staffers, are back in the office. For many at BX, the day starts between 8:30 a.m. and 9 a.m. each morning and finishes whenever the work is done.
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 trying to extort $11 million from Blitzer. [44] [45]