Thursday, July 6, 2017

Steven Schwarzman  Net Worth $12.4
Age 70,  Citizen  US    Born Philadelphia, US
Self-made in Investment, co-founded  Blackstone with Peter Peterson in 1985

This is a picture of Steven Schwarzman



This is my youtube link to Steven Schwarzman 

https://www.youtube.com/watch?v=HaySp_ZwNXY
Steven Schwarzman graduated from Yale University with a degree in cultural anthropology in 1969 and Harvard MBA in 1972.

This is picture of Peter Peterson. 

 He is co-founder of Blackstone in 1985, when he was 59.
An Immigrant from Greece, he arrived in US at age 17 without knowing much English. 


Peterson put in $200,000 and Schwarzman put in $200,000

After 500 rejection, Schwarzman managed to raise $850 million and launched their business of doing mega deals.  

Among their most famous LBO (Leverage Buyout was Hilton $27 Billion in Year 2007)

In 2016, Steven Schwarzman raised $400 Million to set up Schwarzman College at Tsinghua University






and each year, there will be 200 Schwarzman Scholar to study in China.  The Schwarzman Scholar are meant to be an alternative to the Rhodes Scholar



The Schwarzman Scholars will be the bridge between US and China and between China and the Rest of the World
 
In 2017, Blackstone has more than $350 Billion of Asset Under Management, employs 620,000 people and owns the largest real estate in the world. 

The brain behind their Real Esate prowess is Jonathan Gray, who was hired straight out of college by Schwarzman in 1991.  Jonathan Gray owns 4% of Blackstone and is a billionaire. 


Jonathan Gray's net worth is $1.4 B

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