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In 1985, Peterson and Stephen A. Schwarzman co-founded the private equity and investment management firm the Blackstone Group, and for many years Peterson was its chairman. [14] At Blackstone, he made a fortune, including the $1.9 billion he received when it went public in 2007, that funded many of his charitable and political causes.
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "petros" (πέτρος, masculine), or "petra" (πετρα, feminine) means "stone" or "rock" in Greek.
In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions. [13] [14] Blackstone branched into business acquisition, real estate, direct lending, alternative assets, and had $1.1 trillion in assets under management as of September 30, 2024. [15] [16]
Shop this 28" Blackstone Griddle to up Dad's backyard BBQ game this year. $197 at Walmart. It looks and mostly feels like the traditional propane backyard grill, with the two-wheeled cart and two ...
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A griddle, in the UK also called a girdle, is a cooking device consisting mainly of a broad, usually flat cooking surface.Nowadays it can be either a movable metal pan- or plate-like utensil, [1] a flat heated cooking surface built onto a stove as a kitchen range, [2] or a compact cooking machine with its own heating system attached to an integrated griddle acting as a cooktop.
Todd Pedersen was born in Seattle, Washington, the fourth of eleven children, and grew up in Idaho Falls, Idaho, where he attended Idaho Falls High School. [2]After finishing a 2-year mission for his church, he returned and settled in Provo, Utah.