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Date: 2024-07-17 Page is: DBtxt003.php txt00024753
BLACKSTONE
PRIVATE EQUITY

MegaloMedia: The Man who owns New York ... BLACKSTONE ... Pete Peterson and Stephen Schwarzman


Original article: https://www.youtube.com/watch?v=hBA3hudpQ0Q
Peter Burgess COMMENTARY
We are told in this video that Schwarzman is the 37th richest man in the world. The thinking behind this is that we should admire this man and be in awe of his success.

I am sure there was a time in my life when I might have been seduced by this ... but not any more. Certainly there is things that one can learn from the Schwarzman accumulation of wealth, but the idea that this is an ideal and a success is more wrong than right.

Frankly ... I would like to have a bigger financial cushion than I have at this point in my life ... but on balance I am quite proud of my life and am quite comfortable arguing that my life has been more valuable than Schwarzman's. Sadly in the modern world and especially in the USA 'wealth' is respected a whole lot more than 'good'.
Peter Burgess
The Man who owns New York

MegaloMedia

Mar 19, 2023

81.8K subscribers ... 548,571 views ... 7.5K likes

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Stephen Schwarzman is the 37th richest person in the world - worth a whopping $26 billion dollars. He rubs shoulders with the world’s most powerful leaders.

And yet, he’s not a household name. In fact, outside of finance - no one’s even heard of him

So how does one of the most influential, well-connected people - stay in the shadows?

How did he amass such a staggering fortune - and the power to get a meeting with any president anytime he wants? One word. BlackStone.

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đź’ŻSOCIAL MEDIA LinkedIn: https://www.thekevinjon.com/linkedin Instagram: https://www.thekevinjon.com/insta Website: https://www.thekevinjon.com/ Chapter overview:
  • 0:00 Stephen Schwarzman - The King of Finance
  • 1:38 The American Dream - Schwarzman edition
  • 3:11 How kings get started in finance
  • 6:54 Learning the Ropes at Lehman Brothers
  • 8:16 Secret Friends in High Places
  • 9:19 Doing Mega Deals in the Tropics
  • 11:22 Throwing down the gauntlet
  • 15:03 The Founding of BlackStone
  • 18:10 Raising a juggernaut Private Equity Fund
  • 22:42 Building a Billion Dollar Empire
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