Industry Leaders - - Cover Story -

Ti­tle: Founder and CEO, Black­stone Group Coun­try: US Age: 68

Steve Schwarzman is the chair­man, CEO and co-founder of Black­stone Group. With $334 mil­lion in as­sets un­der man­age­ment, Black­stone is one of the largest buy­out firm on earth. The 2007 buy­out of the Hil­ton ho­tel chain is con­sid­ered to be one of the big­gest and most prof­itable buy­out of all time. Black­stone is also the largest owner of real es­tate in the world.

Schwarzman started his ca­reer with in­vest­ment bank Lehman Broth­ers be­fore leav­ing in 1985 to start Black­stone. The buy­out firm be­gan with as lit­tle as $400,000 and is now a jug­ger­naut in the Wall Street. In 2014, Black­stone gen­er­ated a record $7.5 bil­lion in rev­enue and plans to dou­ble in size by 2022.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.