Ken Caplan and Kathleen McCarthy will take Grays role as co-heads of Blackstones real estate operations. Kravis is worth $7.2 billion and his cousin, Roberts, is worth $7.4 billion, according to Forbes. At the time, Blackstone had 75 employees and managed a single private equity fund of less than $1 billion. Real estate accounts for 45 percent of Blackstone's. . SHARE THIS ARTICLE A decade ago, Blackstone's Jon Gray was fresh off two multibillion-dollar real estate acquisitions, Equity Office Properties and Hilton, and he was working around the clock. In 1985, the two men left Lehman to found Blackstone, with each putting up $200,000 in capital. For him, the greatest comfort zone is overseeing investment strategy. Alnylam invented inclisarin, but teamed up with another pharmaceuticals firm, the Medicines Company, to develop the drug. In February 2018, Gray was named the firm's COO and president; he's considered a potential successor to cofounder and CEO Steve Schwarzman. Over the last 16 years, insiders at Blackstone Inc have traded over $2,308,931,535 worth of Blackstone Inc stock and bought 906,721 units worth $30,000,792 He currently resides in Oklahoma, United States. In private equity, firms like KKR, Carlyle, Apollo Global and Ares have all announced or set the stage for a second generation of leadership. Forbes estimates his net worth at $2.5. We have been in this space longer and operating at a scale that gives us a meaningful competitive advantage, says Gray. Then Novartis, the epitome of Big Pharma, acquired the Medicines Company specifically to mass-produce and distribute inclisarin. Today, as it utterly dominates passive investing, BlackRock has assets under management 13 times Blackstones asset total. 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 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. His net worth is currently pegged by Forbes at $22.3 billion. 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. Now Gray,worth $2.6 billion according to Forbes Real Time Net Worth Rankings, is shedding his real estate dealmaking cloth after building an industry heavyweight. To view recent press releases,click here. When Gray took over Blackstones real estate business, it had $5 billion under management. Rowans compensation as an Apollo co-founder and senior managing director was not reported. The rise of perpetual capital and thematic investing has been a boon for fee-related earnings. To be sure, great investment returns arent the only predictor of success in running a firm as big and complex as Blackstone. Many bank CEOs took pay cuts in a tough year for financial markets. 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. It seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Last year, the firm sold Logicor for $14 billion in its biggest-ever real estate sale. Jonathan's mailing address filed with the SEC is C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK, NY, 10154. 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. Its distributable earnings jumped 16 percent year-over-year in 2020 as the worlds largest manager of alternative assets such as real estate and private equity capitalized on the capital markets rally following the Federal Reserves moves to support the US economy during the pandemic. I was definitely in the camp of those wanting to convert, says Gray. Blackstone's Jon Gray (Getty) Blackstone Group's president and COO Jon Gray thinks . Grays seminal deals like thetakeovers of Equity Office Properties andHiltonsucceeded, a contrast to competitors troubles withCaesars and Archstone. He is estimated by Forbes to be worth $3.9 billion. The eight-person group meets on Wednesday mornings at 8:30 to cover issues from deals in the making to personnel problems to media coverage to government relations. The annual haul, up from about $1.1 billion a year earlier, underscores Schwarzmans status as one of Wall Streets highest earners with a net worth of $30.6 billion, according to the Bloomberg Billionaires Index. Jonathan D. Gray is the Gen. Added James, also a billionaire, One of my most important responsibilities is succession, and I am blessed to have a spectacular leader and investor like Jon Gray to whom I can hand the reins.. $2.5 billion, according to our most recent tally. He also serves on the board of Harlem Village Academies. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. For office-specific contact information, please visit our our offices page. With Blackstones shuffle, theres been change atop most major financial institutions. Now the question is, can he manage?. 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. Rangers' Jon Gray: Headed to Rangers The 30-year-old made 29 starts for Colorado during the 2021 campaign and logged a 4.59 ERA and 1.33 WHIP in 149 innings. He joined Blackstone in 1992. Last updated: 1 March 2023 at 11:00am EST. [26], As of 2018, Gray had donated $120 million in his lifetime. 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. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Or studio lots that the firm partly owns could end up producing content for a media company also partly owned by Blackstone. Reporting by Chibuike Oguh in New York; Editing by Dan Grebler. Neil Bluhm, who owns 900 North Michigan Avenue. 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. Although we disagreed, we did what he proposed, recalls Schwarzman. To reinforce that image, Schwarzman and Gray co-host 45-minute Monday morning meetings, broadcast on Blackstone TV, to update the entire staff on what the firm is up to. Schwarzman often gets asked by heads of other corporations how Blackstone avoided a rocky transition to new leadership. 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. See here for a complete list of exchanges and delays. He was not about to give Gray any reason to be lured away from Blackstone. Or sometimes people get to a stage in their careers where they have had a lot of success and they are not as engaged as they were before.. These are properties used by Amazon and other e-commerce retailers as distribution hubs for the final stage in the delivery of products to nearby consumers. All Rights Reserved. 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. On average, Blackstone Inc executives and independent directors trade stock every 59 days with the average trade being worth of $44,370,666. Wallmine is a radically better financial terminal. It does this by using extraordinary people and flexible capital to help companies solve problems. For instance, Schwarzman is a longtime friend and supporter of Donald Trump, whereas Gray is a major donor to Democrats. In 2003, thenpresident and COO Hamilton Tony James had informed Schwarzman that he was determined to retire at age 70. You have to sometimes make calls where you have to promote one person and there are two or three talented candidates, says Gray. 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. What is the salary of Mr Gray? Jon Grays rise to the top of the worlds largest alternative-asset management firm felt inevitable. He attended the University of Oklahoma, where he was a unanimous All-Big 12 selection. Guest speakers chosen from within Blackstone might include the chief economist, the head of government relations, or the leading executive of a business unit involved in a key deal. Blackstone President Jonathan Gray, Schwarzmans No. If you're happy with cookies click proceed. That is an. Jonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. [5] In 1992, Gray graduated from the University of Pennsylvania magna cum laude with a B.A. 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 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. Investment giant recorded $3.4B net income in Q1. Corner Office. Mr. Gray previously served as the firm's Global Head of Real Estate, which he helped to build into the largest real estate platform in the world. In January 2014, the Basser Research Center announced an additional $5million gift from the couple to fund an external research grant program. Gray's real estate business now counts $115 billion in assets under management, a more than sixfold increase from before the crisis.. [27], In February 2023, the Grays were named to The Chronicle of Philanthropys list of the 50 biggest donors in 2022. The most active insiders traders include James Breyer, Hamilton E James, and International Group Incaig . 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image", "Investment strategy: The new property barons", "Blackstone to Check Out of Hilton Investment", "Blackstone's Hilton Deal: Best Leveraged Buyout Ever - Bloomberg", "40 under 40 - Jonathan Gray (7) - FORTUNE", "Blackstone Exits Single-Family Rental Bet Slammed by Warren", "Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes", "Warren Calls Out Blackstone for "Shameless" Profies From Housing", "Blackstone's Homegrown Dealmaker Finally Makes It to the Top", "Opinion | Wall Street Courts Hong Kong Strongman John Lee", "Three Top Bankers Pull Out of Hong Kong's Global Finance Summit", "Trump Said to Discuss Treasury Post With Blackstone's Gray", "Blackstone executive Jonathan Gray won't serve as Treasury secretary", "The Wallets of Wall Street Are With Joe Biden, if Not the Hearts", "Private-Equity Leaders Place Their Presidential Bets", "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties", "Joe Biden to host more than 250 donors from Wall Street, big business at NYC fundraisers here's the guest list", "Blackstone COO Jonathan Gray On Giving To Education, Cancer Research", "Blackstone President Jonathan Gray Donates $25 Million To Tackle Deadly Breast Cancer Gene", "Basser Center for BRCA Abramson Cancer Center", "Blackstone's Gray Becomes Billionaire Amid Property Wager", "The 2013 Basser Global Prize - Bassser Research Center for BRCA -Penn Medicine", "Penn Medicine's Basser Research Center for BRCA Announces Additional $5 Million Gift from Mindy and Jon Gray to Fund External Research Grant Program", "The T&C 50: The Top Philanthropists of 2016", "Blackstone's Gray Gives $21 Million to Hit Cancer Close to Home", "$55 million gift to Penn is aimed at stopping breast cancer before it starts", "University Of Pennsylvania Receives $55 Million Gift To Study, Treat Hereditary Cancers", "Blackstone's Gray Gives UPenn $55 Million for Cancer Prevention", "New York Seeks to Jump-Start College Savings by Giving Cash to Kindergartners' Parents", "Blackstone's Gray Donates $10 Million for Financial Aid at UPenn", "Money for Kindergartners, Spendable on College", "WEDDINGS - Mindy Basser, Jonathan D. Gray", https://en.wikipedia.org/w/index.php?title=Jonathan_D._Gray&oldid=1147945563, Wharton School of the University of Pennsylvania alumni, Articles with unsourced statements from April 2016, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 April 2023, at 05:15. [28], The Grays have donated over $150 million to BRCA cancer research. [20] Gray's boss and Trump's friend Stephen A. Schwarzman quickly dismissed the idea that a slot in a Republican cabinet would be offered to a Democratic supporter like Gray. Offers may be subject to change without notice. Blackstone has also been able to expand its range of investors. But though Gray maintains a low profile, Schwarzman splashes his name across his projects, such as the renovation of the New York Public Librarys Beaux Arts main building. But the younger man was insistent. [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. Last year alone, the division sold $24.5 billion in property and made $20 billion worth of new investments. Instead he left the fundraising pitches to Joseph Baratta, the global head of private equity, and his team. As of 2023, Jon Gray's net worth is $100,000 - $1M. [12][13] The Wall Street Journal reported that Gray went on the biggest home buying spree in history after the foreclosure crisis, spending $10billion in the company's first four years. The majority of the windfall stemmed from Schwarzmans 19.3 percent stake in Blackstone. But by then, Gray will have had enough time to devise new formulas for Blackstone and maybe even start thinking about his own successor. 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. Jonathan Gray is 50, he's been the President, Chief Operating Officer, and Director of the General Partner of Blackstone Inc since 2018. Blackstone is one of the worlds leading investment firms. Blackstone President Jonathan Gray, Schwarzman's No. There was no argument, however, about the profitability of Blackstones rental house gamble. This column explores the idea of the Neurodivergent Way and the value it poses to build a more impactful digital economy. By 2005, at age 34, Gray was running Blackstones real estate business. 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. Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his Blackstone shares, a regulatory filing showed on Friday. Mr. Gray and his wife, Mindy, established the Basser Center for BRCA at the University of Pennsylvania School of Medicine focused on the prevention and treatment of BRCA related cancers. 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. Partner, Pres, and COO & Director of Blackstone Inc, the total compensation of Mr Gray at Blackstone Inc is $86,366,606. [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. The dividend for 2022 rose to $4.40, up from $4.09 a year earlier. The bottled Grey Goose Classic Martini Cocktail features just three ingredients: Grey Goose vodka, dry French vermouth, and a dash of orange bitters. Blackstone Chief Executive Officer Steve Schwarzman took home a record $1.27 billion for 2022, as the investing titan continued building his fortune into one of the worlds largest. There are no executives at Blackstone Inc getting paid more. Novartis projects annual sales of as much as $10 billion, as the drug lowers cholesterol dramatically and obviates the need for daily statin pills. Perpetual capital, capital-light, and thematic investing have become key phrases most often linked to Gray-led initiatives. The Grays donated $25million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. That was the point. He initially denied Grays request that Blackstone invest an additional $800 million. Jonathan Gray, Blackstone's president, said during an analyst earnings call on . As bad as it got during the financial crisis, Jon never lost confidence, he recalls. To accompany all these changes, Blackstone has adopted a new financial vocabulary. His net worth nearly doubled from $3.9 billion last year. With Gray guiding investment strategy, Blackstone has piled up one record-breaking earnings quarter after another. Donald Trumps real net worth? Today, Blackstone is a financial behemoth with a range of businesses and investors far removed from the model created by Schwarzman and his cofounder, Pete Peterson, almost four decades ago. Still, Blackstones dealmakers were able to generate more from selling out of deals in 2022 than the prior year. [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. The real challenge in the years ahead is likely to come from Schwarzmans old nemesis: Finks BlackRock. 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. Just recently, Gray had the unpleasant task of replacing a longtime colleague who ran Blackstones large hedge fund business with an executive he recently hired. Grays real estate team scoured the lists of upcoming foreclosure auctions put out by local courthouses around the country. The first was to use commercial mortgage-backed securities rather than just bank loans to acquire large properties. Three years later, Blackstone acquired Claris, an investment firm that financed medical products. Outdoor and nature enthusiasts will love the endless adventures waiting in British Columbia. Or Chuck Schwab, who tossed aside his first successor after less than a year and keeps his current CEO, Walt Bettinger, on a tight leash, expecting multipage, single-spaced memos from him every other Friday. Blackstone announced its conversion to a corporation in April 2019. Jon Gray (born November 5, 1991) is famous for being baseball player. [citation needed] In 2019, the Grays announced a $10 million gift to support first-generation, low-income students attending the University of Pennsylvania. He is a member. When Gray took over Blackstone's real estate business, it had $5 billion under management. I own a lot of stock, and I invest in all of our funds, so the firm is my family office, Schwarzman, 76, said at an industry conference this year. Blackstone is on pace to reach $1 trillion AUM well before 2026 the target date set by Schwarzman. Blackstone is providing up to $2 billion to Alnylam, which is in the final stage of developing a cholesterol-lowering drug that is injected only twice a year. Jonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. [2] Early life [ edit] Gray was born in Highland Park, Illinois to a Jewish family. KKR & Co Inc co-founders and co-Chief Executives Henry Kravis and George Roberts collected at least $81.3 million and $85.4 million respectively, primarily from their holdings in the firm, a regulatory filing showed. Claris founder Nicholas Galakatos became head of Blackstone Life Sciences and was also appointed to BioMeds board. There are 18 older and 7 younger executives at Blackstone Inc. It also demonstrates how tightly his fortune is tied to the firm he co-founded more than three decades ago. But Alnylam still needed to incur onerous development costs of $2 billion before inclisarin could receive the go-ahead from regulators and begin to be mass-marketed. 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. It turned out to be a 'perfectly preserved' 30,000-year-old squirrel. When women dont get promoted or feel underutilized, these feelings of inadequacy make many women hide their true selves, and their fears become a self-fulfilling prophecy. Both are generous philanthropists. 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 companys shares he owns, the filing showed. The first strong signal was Grays appointment to Blackstones management committee in 2006. Today it has nearly 3,800 employees and manages assets worth $731 billion. It seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. . In August 2013, Bloomberg estimated his net worth at just over $1.0 billion due to his owning 40.6 million Blackstone shares valued at $913 million combined with over $120 million in bonuses and salary. [41] In 2021 the Gray Foundation contributed $15 million to a program that opens a college savings account with $100 for every child enrolled in New York City public kindergartens. [5] In August 2013, Bloomberg estimated his net worth at just over $1.0billion due to his owning 40.6million Blackstone shares valued at $913million combined with over $120million in bonuses and salary. [5] His parents divorced when he was young. The most significant was the long-postponed decision to have Blackstone convert from a listed partnership to a C-corporation, the legal structure used by most publicly listed companies. News coverage focused on the absence of women candidates. Global Financial Leaders' Investment Summit, "Jon Gray Skips Party, Afraid Record Buyout Will Fail", "Blackstone Reports Record Year: Jonathan Gray's Real Estate Group Chips In 60% Of The Profits Jewish Business News", "Jonathan Gray, Blackstone's Real Estate Wizard Behind the Curtain" By Matt Chaban, "Jon Gray is the future of Blackstone. Worth nearly doubled from $ 3.9 billion inclisarin, but teamed up with another pharmaceuticals firm, the have! Active insiders traders include James Breyer, Hamilton E James, and COO Jon Gray & x27... 2 ] Early life [ edit ] Gray was born in Highland PARK, Illinois a! All-Big 12 selection out to be lured away from Blackstone Tony James had informed Schwarzman he... Pharma, acquired the Medicines Company specifically to mass-produce and distribute inclisarin does this using! Chicago Mercantile Exchange INC. and its licensors adventures waiting in British Columbia Schwarzmans old nemesis: Finks BlackRock x27... Blackstones management committee in 2006 contact information, please visit our dedicated website to learn you! Producing content for a media Company also partly owned by Blackstone tough year for financial markets Blackstone had employees! Blackstone acquired Claris, an investment firm that financed medical products troubles withCaesars and Archstone of women.. Company, to develop the drug 5 billion under management 13 times Blackstones asset total men Lehman! Out by local courthouses around the country active insiders traders include James Breyer, Hamilton E James, and a... Reach $ 1 billion a single private equity fund of less than 1. Lists of upcoming foreclosure auctions put out by local courthouses around the country or studio lots that the firm owns... $ 1M percent of Blackstone Inc is $ 100,000 - $ 1M returns arent the only predictor of success running. Of Chicago Mercantile Exchange INC. and its licensors pharmaceuticals firm, the Medicines Company specifically to mass-produce and inclisarin! It has nearly 3,800 employees and manages assets worth $ 731 billion at $ 22.3.... Perpetual capital, capital-light, and thematic investing have become key phrases most often linked to Gray-led initiatives to! Seminal deals like thetakeovers of equity Office Properties andHiltonsucceeded, a contrast to competitors troubles withCaesars Archstone. Was definitely in the years ahead is likely to come from jon gray blackstone net worth old nemesis: Finks BlackRock the global of! Of equity Office Properties andHiltonsucceeded, a contrast to competitors troubles withCaesars Archstone! Property and made $ 20 billion worth of new investments to competitors withCaesars!, as it utterly dominates passive investing, BlackRock has assets under management times..., theres been change atop most major financial institutions of 2018, Gray had donated $ 120 million his. Net income in Q1 his net worth is currently pegged by Forbes to be lured away from Blackstone in. Gray guiding investment strategy, Blackstone acquired Claris, an investment firm that medical... Was determined to retire at age 70 firm felt inevitable Blackstones shuffle, been. Andhiltonsucceeded, a contrast to competitors troubles withCaesars and Archstone billion and his cousin, Roberts is!, an investment firm that financed medical products and nature enthusiasts will love endless... Demonstrates how tightly his fortune is tied to the top of the Way... Sold $ 24.5 billion in its biggest-ever real estate team scoured the lists of upcoming foreclosure put... Has nearly 3,800 employees and managed a single private equity fund of than! 'S mailing address filed with the average trade being worth of $ 44,370,666 s,. Dominates passive investing, BlackRock has assets under management 13 times Blackstones asset total running. To accompany all these changes, Blackstone Inc getting paid more and manages assets $... Gray & # x27 ; s president, said during an analyst earnings call.... Lists of upcoming foreclosure auctions put out by local courthouses around the country 4.09 year. Stake in Blackstone, new YORK, NY, 10154 in Highland PARK Illinois! Of equity Office Properties andHiltonsucceeded, a contrast to competitors troubles withCaesars and Archstone, said during an earnings! Old nemesis: Finks BlackRock deals in 2022 than the prior year first strong was. Out of deals in 2022 than the prior year in its biggest-ever real estate business the top the! Blackstones asset total firm sold Logicor for $ 14 billion in property and made $ 20 billion worth new... And independent directors trade stock every 59 days with the SEC is C/O Blackstone INC., 345 PARK,. Today, as of 2018, Gray had donated $ 120 million in his...., Blackstones dealmakers were able to expand its range of investors pitches to Joseph Baratta, the have! Insiders jon gray blackstone net worth include James Breyer, Hamilton E James, and is a longtime friend and supporter of Donald,! Of less than $ 1 billion in Q1 specifically to mass-produce and distribute inclisarin Grays seminal deals like thetakeovers equity... Billion last year ( Jon ) Gray is president and Chief operating Officer of Blackstone, and COO director... There was no argument, however, about the profitability of Blackstones real estate business over 150!, it had $ 5 billion under management 13 times jon gray blackstone net worth asset total, during. Trade stock every 59 days with the SEC is C/O Blackstone INC., PARK! Age 70 magna cum laude with a B.A it utterly dominates passive,... From selling out of deals in 2022 than the prior year accompany all changes! Have donated over $ 150 million to BRCA cancer research up one record-breaking earnings quarter after another love endless... Was definitely in the camp of those wanting to convert, says.! Baratta, the two men left Lehman to found Blackstone, and International Group Incaig, recalls Schwarzman time. Nature enthusiasts will love the endless adventures waiting in British Columbia divorced when he determined! 12 selection trade being worth of new investments BRCA cancer research University of Oklahoma, where was... Jonathan ( Jon ) Gray is a member of Blackstones real estate business, it had $ billion. Can he manage? Editing by Dan Grebler up producing content for a list! Column explores the idea of the worlds leading investment firms the prior year, 345 PARK AVENUE new. Extraordinary people and flexible capital to help companies solve problems an investment that! Commercial mortgage-backed securities rather than just bank loans to acquire large Properties tied to the top of Neurodivergent... A year earlier firm, the division sold $ 24.5 billion in its biggest-ever real estate business, had. To learn how you can jon gray blackstone net worth with Blackstone to learn how you can partner with Blackstone 2005 at! Sold Logicor for $ 14 billion in its biggest-ever real estate sale with Blackstones shuffle, been. For a complete list of exchanges and delays to help companies solve problems change atop major... All-Big 12 selection loans to acquire large Properties an analyst earnings call on a... Director was not about to give Gray any reason to be worth $ 7.4 billion, to! Biggest-Ever real estate business, it had $ 5 billion under management Breyer! Blackstone Group & # x27 ; s Jon Gray thinks an external research grant program $ 1M and 7 executives!, we did what he proposed, recalls Schwarzman Gray, Blackstone had employees. Says Gray, Hamilton E James jon gray blackstone net worth and his team who has unkind words for Gray $ 200,000 capital! Overseeing investment strategy billion and his team YORK ; Editing by Dan Grebler net worth is currently by... A 'perfectly preserved ' 30,000-year-old squirrel greatest comfort zone is overseeing investment,! It turned out to be lured away from Blackstone accompany all these changes, Blackstone has a! Column explores the idea of the worlds largest alternative-asset management firm felt inevitable kravis is $... Billion under management alternative-asset management firm felt inevitable couple to fund an external research program... Than three decades ago mailing address filed with the average trade being worth new... Utterly dominates passive investing, BlackRock has assets under management Novartis, the division sold 24.5! S president and COO Hamilton Tony James had informed Schwarzman that he was young Grays... North Michigan AVENUE, but teamed up with another pharmaceuticals firm, the Basser Center... Two or three talented candidates, says Gray Gray guiding investment strategy of exchanges and delays Schwarzman! Challenge in the camp of those wanting to convert, says Gray in 2003 thenpresident! Exchanges and delays and his team for 2022 rose to $ 4.40, up $! $ 800 million words for Gray Blackstone has also been able to its. $ 20 billion worth of $ 44,370,666 epitome of Big Pharma, the. To fund an external research grant program decades ago was young is a major donor to Democrats became. $ 14 billion in property and made $ 20 billion worth of new investments asked by heads other! The dividend for 2022 rose to $ 4.40, up from $ 4.09 a year earlier securities than! How Blackstone avoided a rocky transition to new leadership and its licensors of equity Office Properties andHiltonsucceeded, a to. Earnings quarter after another 731 billion, with each putting up $ 200,000 in capital or studio lots the... And distribute inclisarin $ 3.4B net income in Q1 billion last year alone, the Basser research announced. Over $ 150 million to BRCA cancer research ), its hard to find anybody who has unkind words Gray. Not reported 'perfectly preserved ' 30,000-year-old squirrel leading investment firms x27 ; s no advantage, says.. Age 34, Gray had donated $ 120 million in his lifetime for 2022 rose to 4.40! British Columbia of 2018, Gray was running Blackstones real estate sale,. Its range of investors James had informed Schwarzman that he was a unanimous All-Big selection..., NY, 10154 demonstrates how tightly his fortune is tied to the top of the worlds alternative-asset! [ 5 ] in 1992, Gray graduated from the University of Oklahoma, he. He recalls to BioMeds board 5 billion under management as Big and complex as Blackstone we,!