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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.
This category is for portfolio companies of the private equity investment firm Blackstone Inc. Portfolio companies are those companies that are currently or have been previously owned or controlled by the private equity firm or its affiliate funds. Ownership should be material (i.e. full control, majority ownership or significant minority ...
Stephen Allen Schwarzman (born February 14, 1947) is an American businessman. He is the chairman and CEO of the Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson.
This list displays all Canadian companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2022. [2] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.
Servpro consists of 2.250 franchises in the United States and Canada (as of 2024). [9] In March 2019, The Blackstone Group acquired a majority stake in Servpro Industries, LLC, [10] [11] for an amount reportedly exceeding US$1 billion according to the Wall Street Journal. [12] The Isaacson family reinvested and maintains minority ownership.
Blackstone founder and CEO Steve Schwarzman earned $787 million in 2017. Schwarzman drew a salary of $350,000 in 2017, which is a healthy chunk of change to most people (the median household ...
Both are encompassed in what Blackstone calls an “investment thesis” for each company. $1.1 trillion Value of the 250 companies and thousands of real estate assets in Blackstone's portfolio
In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group, [6] and joined its newly formed real estate private equity group the following year. He became co-head of the real estate group in 2005 and global head of real estate in 2011, [7] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia.