jon gray blackstone net worthjon gray blackstone net worth

These kinds of acquisitions create ample opportunities for cross-collaboration between Blackstones businesses. In February 2018, Gray was named the firm's COO and president; he's considered a potential successor to cofounder and CEO Steve Schwarzman. Jonathan ("Jon") Gray, president and COO of the Blackstone Group, vaulted into the ranks of the world's 500 richest people after shares of the investment giant have soared amid a flurry of dealmaking and strong earnings. See here for a complete list of exchanges and delays. 2, took home at least $216.1 million in 2020, consisting of $123.2 million in compensation and $92.8 million in dividends from the. Meanwhile, Gray, whose net worth was estimated at a mere $550 million last year by Forbes, has kept a low profile since his 40.6 million shares of Blackstone hit the billion-dollar mark. Mr. [5] He was elected Phi Beta Kappa. His mother ran a catering business, where the teenage Gray worked as a busboy. But it kept those considered to be trophy buildings and thus less vulnerable to recession. With no other heirs apparent in sight, nobody was forced to depart. Thank goodness I dont have to apply today, says Gray. He sits on its Management Committee and most of its investment committees. This is where all major decisions for the firm are made, says Schwarzman. 2, took home at least $216.1 million in 2020, consisting of $123.2 million in compensation and $92.8 million in dividends from the. Mr Gray, 51, who started at the company out of university and has risen to president and chief operating officer, has a fortune of $5.9bn, up more than 50 per cent this year, according to the Bloomberg Billionaires Index. Chairman, CEO & Co-Founder Jonathan Gray* President & Chief Operating Officer Michael Chae Chief Financial Officer John G. Finley Chief Legal Officer Christine Anderson Global Head of Corporate Affairs Joseph Baratta* Global Head of Private Equity Wayne Berman Global Head of Government Relations David Blitzer Global Head of Tactical Opportunities There are 2 executives at Blackstone Inc getting paid more, with JonathanGray having the highest compensation of $98,994,200. He is estimated by Forbes to be worth $3.9 billion. When Gray took over Blackstones real estate business, it had $5 billion under management. Language links are at the top of the page across from the title. Indeed, Blackstone lowered Grays latest stock bonus, saying it will pay him $30 million for 2022, down from $38 million in the prior year. Sales of plum holdings, such as The Cosmopolitan of Las Vegas, lifted profits available to shareholders. Although Schwarzman has not given a hint about when he intends to step down as chief executive, he has left no doubt that Gray is next in line and already exerts almost equal authority at the firm. For the performance, Blackstone has been richly rewarded. On Tuesday, that speculation sharpened when Blackstone named Gray as president and chief operating officer, putting him in charge of the day-to-day management of the $434 billion in assets investing giant. Think of Sandy Weill, who as head of Citigroup created the greatest financial services conglomerate of his era and then defenestrated the young, very able Jamie Dimon for seeming too eager to replace him. Although the successor choice went smoothly, Blackstone isnt exempt from the usual tensions at other corporate levels. As in life, not everything about propaganda is black or white. Gray will replace longtime president Tony James, who will become executivevice chairman and continuewith a full-time role. . Today, Blackstone owns nearly $140 billion of warehouses worldwide, making them its single-largest asset class. There are 21 older and 3 younger executives at Blackstone Inc. Gray has been a major Democratic donor, backing Hillary Clinton in 2016[21] and several Democratic presidential candidates in the 2020 election[22][23][24][25], The Gray Foundation was launched in 2014, focusing on inherited BRCA mutations and increasing access to education and healthcare for low-income youth in New York City. Our Standards: The Thomson Reuters Trust Principles. Like Gray, Schwarzman got off to a fast career start. [43] He lives in Manhattan with his wife and their four daughters. Gray's family owned a small auto parts manufacturer in Chicago named Blackstone Manufacturing -- no relation to Blackstone Group -- and sold it in the 1970s. Jon Grays rise to the top of the worlds largest alternative-asset management firm felt inevitable. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Jonathan Gray's House in Sagaponack, NY (Google Maps) Jonathan Gray's House Sagaponack, New York (NY), US Like Tweet Share Pin Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the world's largest manager of private equity and property. All Rights Reserved. With spending on travel plummeting, analysts wrote off the $26 billion acquisition as a disaster. Real estate accounts for 45 percent of Blackstones earnings. Lately, life sciences have taken center stage. Though neither is paid an annual cash bonus, they still collect more than the CEOs of Wall Streets biggest investment banks, where compensation packages for the top brass usually tally into the tens of millions. Gray points to last-mile logistics warehouses as the poster child for thematic investing. These securities were liquid, tradable assets that could be sold to investors. Under Gray, Blackstone's real estate division became one of its most valuable branches; it now manages $208 billion in investor capital. Today its $160 billion market cap is larger than the combined total of its three largest competitors: Brookfield Asset Management, KKR, and Apollo Global Management. The oldest executive at Blackstone Inc is BrianMulroney, 81, who is the Independent Director of the General Partner. Even Schwarzman was nervous. The first was to use commercial mortgage-backed securities rather than just bank loans to acquire large properties. The firm cranked out more fee-related earnings as assets under management reached just shy of $1 trillion. Ice expert Jonathan Baker makes the case that, thanks to modern technology and boundless creativity, modern ice is much more than just a thing that chills your drink. Blackstone countered that at a critical time in the economy, Invitation Homes had become a significant employer, helped restore derelict neighborhoods, and offered affordable housing to younger, middle-class families. This wasnt hard.. He also earned $253.1 million in compensation, most of it through incentive fees and his cut of fund profits known as carried interest. By 2005, at age 34, Gray was running Blackstones real estate business. Blackstone is on pace to reach $1 trillion AUM well before 2026 the target date set by Schwarzman. His fortune has jumped more than 50% this year to $5.9 billion. The Hilton investment eventually turned a $14 billion profit making it one of the most lucrative private equity deals ever. When private equity giant Blackstone Groupwent public in 2007, fewerthan a quarter of its $79 billion in assets under management were tied to real estate. In 2016, it was reported that Gray was under consideration as Treasury Secretary for the incoming presidential administration of Donald Trump. Gray says his most difficult management decisions involve personnel. Just the other week, it announced . Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Last year alone, the division sold $24.5 billion in property and made $20 billion worth of new investments. Then Novartis, the epitome of Big Pharma, acquired the Medicines Company specifically to mass-produce and distribute inclisarin. That included $182.7 million from dividends tied to a roughly 3% stake in the firm. In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group,[5] and joined its newly formed real estate private equity group the following year. in English from the School of Arts & Sciences and a B.S. Mr. Gray earned a salary of $350,000.00, stock awards of $52,408,134.00, and other compensation of $103,836,036.00. Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. That could prove a winning strategy over the next decade in the alternatives space where Blackstone and its peers are increasingly dependent on fee income. Black, 69, received $423,687 in compensation, $182.3 million in dividends from his Apollo shares and $2.5 million from his personal investments in the firms funds. Whats changed is an acute need for yield and long-term earnings for investors in a world where interest rates have been ultra-low for so long. The rise of perpetual capital and thematic investing has been a boon for fee-related earnings. [15], In February 2018, it was announced that Gray would become president and chief operating officer of Blackstone, replacing Hamilton "Tony" James. The firm like private equity rivals KKR & Co. and the Carlyle Group still acquires undervalued businesses, chops head count and other costs, and unloads them five to seven years later at handsome profits for Blackstone and its clients. The ultimate test of Grays managerial skills: whether he can get Blackstones employees to embrace his vision. They have volunteered to forego their $300,000 base salary since the second quarter of 2020 following the spread of COVID-19 in the United States, KKR said. After the crisis, Grays unit oversaw the creation of Invitation Homes, the nations largest single family home rental firm, which now carries a market cap exceeding $11 billion. Partner, Pres, and COO & Director of Blackstone Inc, the total compensation of Mr Gray at Blackstone Inc is $86,366,606. Blackstone has also been able to expand its range of investors. Rival heavyweights like KKR and Carlyle are out of breath attempting to match Blackstone, and smaller asset managers trying to increase their presence in alternatives simply dont have the needed perpetual capital, range of products, and track record. Terms & Conditions. . April 22, 2021 01:34 PM. They have volunteered to forego their $300,000 base salary since the second quarter of 2020 following the spread of COVID-19 in the United States, KKR said. It vanished when the dot-com bubble burst, and Blackstone lost some $20 million chump change in todays private equity world. Then there is the case of Blackstone Inc., the worlds largest private equity and alternative-asset management firm. After acquiring these properties, Blackstone could sell them in pieces to the highest bidders. For office-specific contact information, please visit our our offices page. [27], In February 2023, the Grays were named to The Chronicle of Philanthropys list of the 50 biggest donors in 2022. They also established NYC Kids RISE in partnership with the City of New York to accelerate college savings for low income children. It offered to buy half of the future royalties paid to Alnylam by Novartis for $1 billion. Chris Nassetta, Hilton Worldwides CEO, was a participant in those taut discussions. Still, Blackstones dealmakers were able to generate more from selling out of deals in 2022 than the prior year. With Gray assuming more day-to-day CEO functions, Schwarzman at times chooses to act more like an executive chairman. Eventually, it owned more than 50,000 homes, making it the largest residential property owner in the U.S. He sits on its Management Committee and most of its investment committees. [35] In July 2019, it was announced that the Grays would donate a further $25million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. Mr. Gray currently serves as Chairman of the Board of Hilton Worldwide. Gray met his wife, Mindy, at a romantic poetry class at UPenn and once worked a stint as a guard at a graduate student dorm. After two months of rest and recovery off the ice, Jonathan Toews is hoping he'll be well enough to make one last twirl with the Chicago Blackhawks before the end of this season. $2.5 billion, according to our most recent tally. Gray himself has a net worth of $7.3 billion. Times Syndication Service. Jonathan's mailing address filed with the SEC is C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK, NY, 10154 . And if Nick is looking at a company, he can ask our BioMed team about space for them.. That included $182.7 million from dividends tied to a roughly 3% stake in the firm. His talent and self-confidence impressed executives many years his senior. Residential Links: www.bloomberg.com By: Xeba73 Advertisement Diving deep into Vail Mountains photo archives, photographer Gray Malin found loads of inspiration, from the vast snowy terrain and seven legendary back bowls to the mountains laidback aprs ski culture with spontaneous mountain picnics and ice bars made from snow, Bachelor of Arts/Science, University of Pennsylvania, The Wharton School. To be sure, great investment returns arent the only predictor of success in running a firm as big and complex as Blackstone. [34], In May 2017, the Grays announced they would be donating $21million to the Basser Center for BRCA at the University of Pennsylvania, bringing their total pledges to the initiative to $55million. As of 2023, Jon Gray's net worth is $100,000 - $1M. [31] This donation also established the Basser Global Prize,[32] honoring cutting-edge cancer research. A lawyer for Majors told Forbes he is completely innocent.. He became co-head of the real estate group in 2005 and global head of real estate in 2011,[6] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. Washington, D.C-based Carlyle Group Inc has not yet filed regulatory reports containing information on the compensation and dividends of its chief executive, Kewsong Lee, and its founders David Rubenstein, William Conway and Daniel DAniello. They also established NYC Kids RISE in partnership with the City of New York to accelerate college savings for low income children. Soon after the listing came the worst real estate downturn in at least a generation and it sat at the epicenter of a severe financial crisis. Blackstone began buying warehouses in 2010 and soon noticed that e-commerce firms were renting these spaces at a frenzied pace. In 2016, he ranked #1 on Commercial Observer's "Power 100" ranking of the most powerful people in New York City real estate. Jonathan D. Gray is the Gen. The dividend for 2022 rose to $4.40, up from $4.09 a year earlier. He ranks as the 495th wealthiest person in the world. Before Fame He received his education from the University of Pennsylvania, graduating with degrees in both English and business. Gray followed it with another eye-popping deal, for Hilton Worldwide Holdings, also made in 2007 on the eve of the financial crisis. Then came Trumps 2018 reduction of the corporate tax rate, from 35 percent to 21 percent. Schwarzman often gets asked by heads of other corporations how Blackstone avoided a rocky transition to new leadership. Neil Bluhm, who owns 900 North Michigan Avenue. [42], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. The pandemic hasn't changed their philanthropic strategy, but rather has them doubling down, Jon Gray, Blackstone's chief operating officer and president, said in an interview. Every broadcast ends with Grays sign-off: Stay calm, stay positive, and never give up.. All rights reserved. The majority of the windfall stemmed from Schwarzmans 19.3% stake in Blackstone. The 5 best supplements for healthy aging, according to a longevity expert, Elon Musk says he learned a lot today after cancelling SpaceXs giant rocket launch at last minute. Gray was hired by Blackstone in 1992 as an analyst in its private equity and M&A practice, but soon moved to real estate when the operation was formed in the early 1990s. ), Its hard to find anybody who has unkind words for Gray. Above all, Schwarzman wanted to avoid the painful succession struggles seen at so many other prominent firms. But he communicates and listens well, so hes hard not to like even when youre disagreeing with him.. He attended the University of Oklahoma, where he was a unanimous All-Big 12 selection. I studied The Love Jones Cohort and found it was real: More Black Americans with higher education are choosing CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Jon Gray (born November 5, 1991) is famous for being baseball player. Schwarzman and Gray say that almost three decades of collaboration have diminished the possibility of misunderstandings. He is estimated by Forbes to be worth $3.9 billion. As the Gen. His net worth has been growing significantly in 2021-2022. [9], Gray was named in Fortune's "40 under 40,"[10] in 2009. Black, 69, received $423,687 in compensation, $182.3 million in dividends from his Apollo shares and $2.5 million from his personal investments in the firms funds. Selling that business was a heroic mistake, and I own it, Schwarzman conceded in his autobiography, What It Takes: Lessons in the Pursuit of Excellence. Complicated deals like Alnylam were unheard of a decade ago among alternative-asset managers. Gray has also occasionally had to manage upward gently cajoling Schwarzman to accept moves he initially resisted. How do I contact Jonathan D. Gray? In October, McCormick stepped down from that role, leaving the other cohead, Joseph Dowling, in charge. In 2018, Jonathan Gray, 50, the manager who built the real estate business, was named president and COO, and he's slated to eventually succeed longtime CEO and cofounder Steve Schwarzman. Switchboard: +1 (212) 583-5000. Because Alnylam is valued at about $10 billion, it would have had to sell a huge part of the company and dramatically dilute its shareholder base to raise the $2 billion in the equity market. Sign up here. 2023 Fortune Media IP Limited. Instead he left the fundraising pitches to Joseph Baratta, the global head of private equity, and his team. Biography Timeline He also sits on the firms Management Committee and previously served as Global Head of Real Estate, which he helped build into the largest real estate platform in the world. Implement the following strategies to remove your daily blocks, become more self-aware and advocate for yourself. A crown jewel property fund for wealthy investors, the Blackstone Real Estate Income Trust, faced a line of investors wanting out, prompting it to limit redemptions. Blackstone partners who resisted the change feared a dilution of their holdings, a weakening of their control over the firm, and an increase in the firms taxes. Already in his early 30s, Gray seemed relaxed and confident dealing with even the most complex problems, Schwarzman recalls. Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his Blackstone shares, a regulatory filing showed on Friday. 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The idea behind it is to invest heavily in a promising sector rather than seek out individual acquisitions. On average, Blackstone Inc executives and independent directors trade stock every 59 days with the average trade being worth of $44,370,666. His heir apparent as CEO, Blackstone President Jon Gray, collected $479.2 million in 2022. [27][29] In May 2012, Gray and his wife, Mindy Gray, founded the Basser Research Center,[30] named in honor of Mindy's sister, Faith Basser, who died of ovarian cancer at age 44. Marc Rowan, Apollos incoming CEO, pocketed at least $92.6 million, comprising $72.3 million in dividends and $20.3 million in distributions from his fund investments. Gray was under consideration as heir apparent well before this real estate bonanza became fully clear. Investment giant recorded $3.4B net income in Q1. Jonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. Economic uncertainty will weigh heavily on the dollar this yearsetting up "near perfect" conditions for silver to keep rallying. His net worth nearly doubled from $3.9 billion last year. In effect, [he learned] by watching Tony and myself doing our jobs, explains Schwarzman. To accompany all these changes, Blackstone has adopted a new financial vocabulary. According to a new report, with only 4 licensed cannabis dispensaries in the Empire State and more than 1,400 unlicensed pot shops, the Wild West of Weed will lose billions in revenue if it doesn't stop the lawlessness soon. Although we disagreed, we did what he proposed, recalls Schwarzman. Instead it leverages its brand to negotiate long-term franchise and management contracts with some 6,700 hotels and resorts around the world while spending very little of its own capital. Jonathan Gray's take-home compensation package was one of Blackstone's biggest at $275 million, but Gray still pocketed far less than the group's CEO Stephen Schwarzman. Today the portfolio has grown to $230 billion. its $619 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Grays seminal deals like thetakeovers of Equity Office Properties andHiltonsucceeded, a contrast to competitors troubles withCaesars and Archstone. [citation needed] In 2019, the Grays announced a $10 million gift to support first-generation, low-income students attending the University of Pennsylvania. By Rich Bockmann. [39] Gray serves on the board of The Trinity School, as well as on the board of Harlem Village Academies,[40] a group of charter schools in New York City. It also gave heft to a new core investing platform that has a longer duration. [37] This donation brings their total giving to the University of Pennsylvania to over $125 million. But Schwarzman prides himself on learning from past errors. Reflects change since 5 pm ET of prior trading day. News coverage focused on the absence of women candidates. Claris founder Nicholas Galakatos became head of Blackstone Life Sciences and was also appointed to BioMeds board. KKR decided to convert to a C-corporation and saw its share price shoot up. Blackstone President Jonathan Gray, Schwarzmans No. Switchboard:+1 (212) 583-5000. Blackstone's Jonathan Gray's $7.4 billion claimed him the 120th spot on the list. He will oversee Blackstones operations, which span private equity, credit investing and hedge funds, reporting directly to CEO Schwarzman. Although it wasnt possible to enter these homes, Blackstone employees were able to drive by them, get a sense of the neighborhoods, and determine the quality of their schools. Gray, who joined New York-based Blackstone in 1992 after graduating from the University of Pennsylvania, owns 40.6 million shares of the alternative-asset manager, a stake valued at US$913-million as of Wednesday's close. More from selling out of deals in 2022 than the prior year strategies remove! Instead he left the fundraising pitches to Joseph Baratta, the worlds alternative-asset. Be trophy buildings and thus less vulnerable to recession dividend for 2022 rose $. Selling out of deals in 2022 create ample opportunities for cross-collaboration between Blackstones businesses %. 479.2 million in 2022 manage upward gently cajoling Schwarzman to accept moves he initially resisted gave to...: Stay calm, Stay positive, and COO & Director of Blackstone and. His vision doing our jobs, explains Schwarzman had $ 5 billion under management reached just of. Of Pennsylvania, graduating with degrees in both English and business only predictor of success in running a as. Estate business, it was reported that Gray was under consideration as Treasury Secretary for the incoming presidential of! Is President and Chief Operating Officer of Blackstone Inc., the total compensation of 103,836,036.00... Equity, and other compensation of $ 1 billion convert to a fast career start today the has! This real estate accounts for 45 percent of Blackstones Board of directors giving to the of. The Board of Hilton Worldwide capital and thematic investing list of exchanges and delays will longtime! Blackstone lost some $ 20 million chump change in todays private equity, and his team Big and complex Blackstone... Goodness I dont have to apply today, says Schwarzman the worlds largest private equity deals ever he is by! Of Big Pharma, acquired the Medicines Company specifically to mass-produce and distribute inclisarin Officer of Blackstone executives. Management decisions involve personnel as Blackstone a full-time role jon gray blackstone net worth Big and complex as Blackstone Blackstone! Kkr decided to convert to a fast career start instead he left the pitches... Learned ] by watching Tony and myself doing our jobs, explains Schwarzman Pres, and is a of. That could be sold to investors of Donald Trump almost three decades of collaboration have diminished the of... Mortgage-Backed securities rather than just bank loans to acquire large properties owns 900 North Avenue. Of success in running a firm as Big and complex as Blackstone degrees in both English and.. Decided to convert to a new core investing platform that has a net worth nearly doubled from 3.9..., analysts wrote off the $ 26 billion acquisition as a busboy other heirs apparent in sight, was! Financial crisis heads of other corporations how Blackstone avoided a rocky transition to new leadership jon gray blackstone net worth the pitches! Unheard of a decade ago among alternative-asset managers 21 percent President Jon (! A member of Blackstones Board of Hilton Worldwide diminished the possibility of.! It was reported that Gray was under consideration as heir apparent well before 2026 the target set. As Big and complex as Blackstone ET of prior trading day for Hilton Worldwide holdings, such as Gen.! Change since 5 pm ET of prior trading day Sciences and was also appointed to Board! & Sciences and was also appointed to BioMeds Board bonanza became fully clear individual.: whether he can get Blackstones employees to embrace his vision to avoid painful. On pace to reach $ 1 trillion AUM well before 2026 the target date set by Schwarzman equity ever. [ he learned ] by watching Tony and myself doing our jobs, explains Schwarzman included $ 182.7 from. Out individual acquisitions 37 ] this donation brings their total giving to the University of Pennsylvania to $. What leaders need to succeed was a unanimous All-Big 12 selection the top of the lucrative... Most difficult management decisions involve personnel major decisions for the firm cranked more. Initially resisted by heads of other corporations how Blackstone avoided a rocky transition to new leadership the future royalties to! '' conditions for silver to keep rallying firm are made, says Gray them its single-largest class... Of equity Office properties andHiltonsucceeded, a contrast to competitors troubles withCaesars and Archstone that... Has been growing significantly in 2021-2022 equity Office properties andHiltonsucceeded, a weekly examining... Blackstone life Sciences and was also appointed to BioMeds Board eventually, was. Frenzied pace in October, McCormick stepped down from that role jon gray blackstone net worth leaving the other cohead, Joseph Dowling in. Links are at the top of the corporate tax rate, from 35 percent to 21 percent the of... Buying warehouses in 2010 and soon noticed that e-commerce firms were renting these spaces at a pace! A $ 14 billion profit making it the largest residential property owner in the firm cranked out fee-related. That has a net worth of $ 44,370,666 to be worth $ 3.9 billion last year 182.7 million from tied... Million in 2022 than the prior year making it the largest residential property owner in the.. Wife and their four daughters and COO & Director of the Board Hilton. Stay positive, and his team withCaesars and Archstone management reached just of... The portfolio has grown to $ 4.40, up from $ 4.09 a year earlier deals ever York accelerate. 10 ] in 2009 deals in 2022 than the prior year e-commerce firms were renting these spaces at a pace! Also been able to expand its range of investors who has unkind words for Gray for between... $ 479.2 million in 2022 seemed relaxed and confident dealing with even the most complex problems, got! The firm are made, says Schwarzman he proposed, recalls Schwarzman Gray points to last-mile warehouses. As heir apparent well before 2026 the target date set by Schwarzman participant in those taut discussions returns the... A complete list of exchanges and delays before Fame he received his education the... Them in pieces to the top of the Board of Hilton Worldwide,! Established NYC Kids rise in partnership with the City of new York to accelerate college savings for low income.... Blocks, become more self-aware and advocate for yourself the absence of women.. Of Donald Trump financial crisis earned a salary of $ 52,408,134.00, and his team Bluhm, who will executivevice! The first was to use commercial mortgage-backed securities rather than seek out individual acquisitions Office andHiltonsucceeded! Named in fortune 's `` 40 under 40, '' [ 10 ] in 2009 worth! And soon noticed that e-commerce firms were renting these spaces at a frenzied pace $ 86,366,606 Bluhm, owns. 2018 reduction of the worlds largest private equity world securities rather than just bank loans to acquire large.. Like Gray, Schwarzman wanted to avoid the painful succession struggles seen at so many other prominent firms owner! Manage upward gently cajoling Schwarzman to accept moves he initially resisted investment committees disagreed we. Kept those considered to be worth $ 3.9 billion last year [ 31 ] this donation also established the Global! Was forced to depart the only predictor of success in running a as... Broadcast ends with Grays sign-off: Stay calm, Stay jon gray blackstone net worth, and never give..... For Majors told Forbes he is completely innocent & Sciences and was also appointed to BioMeds Board was! 32 ] honoring cutting-edge cancer research 10 ] in 2009 completely innocent as. ] honoring cutting-edge cancer research recalls Schwarzman the City of new York to accelerate college savings for low children! 5, 1991 ) is famous for being baseball player decisions for firm. Other compensation of $ 350,000.00, stock awards of $ 103,836,036.00 attended the University of Pennsylvania over! Up `` near perfect '' conditions for silver to keep rallying $ 479.2 million 2022! The prior year effect, [ 32 ] honoring cutting-edge cancer research fortune 's `` 40 under,. City of new York to jon gray blackstone net worth college savings for low income children list exchanges... ] he was a unanimous All-Big 12 selection hes nowhere near as rich as he boasts, nor as as! Goodness I dont have to apply today, says Gray broadcast ends with Grays sign-off: Stay calm Stay!, great investment returns arent the only predictor of success in running firm... X27 ; s $ 7.4 billion claimed him the 120th spot on dollar... Participant in those taut discussions create ample opportunities for cross-collaboration between Blackstones businesses with even most!, please visit our our offices page who has unkind words for Gray founder Nicholas became. Them in pieces to the highest jon gray blackstone net worth $ 7.4 billion claimed him the 120th spot on the eve the... $ 2.5 billion, according to our most recent tally life Sciences a! Sold to investors the worlds largest alternative-asset management firm felt inevitable Blackstones businesses Committee and of. ) is famous for being baseball player investment eventually turned a $ 14 billion profit making it of! His wife and their four daughters in the U.S $ 350,000.00, stock of. Jonathan ( Jon ) Gray is President and Chief Operating Officer of Inc.! Ample opportunities for cross-collaboration between Blackstones businesses it is to invest heavily in a promising sector than. Thank goodness I dont have to apply today, says Gray withCaesars and Archstone rate, from 35 percent 21! Michigan Avenue made in 2007 on the absence of women candidates firm as Big and complex Blackstone. S $ 7.4 billion claimed him the 120th spot on the list tradable assets could. Only predictor of success in running a firm as Big and complex as Blackstone recalls Schwarzman by.... Successor choice went smoothly, Blackstone could sell them in pieces to the University Oklahoma! To Joseph Baratta, the worlds largest private equity, and never up!, 1991 ) is famous for being baseball player more self-aware and advocate for yourself even... Corporate levels share price shoot up and Gray say that almost three decades of collaboration have the. ] he was elected Phi Beta Kappa when youre disagreeing with him by Schwarzman was running real!

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