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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.
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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.
The son of Greek immigrants who operated a diner in Kearney, Peterson founded Blackstone in 1985 with Stephen Schwarzman, with an initial investment of $200,000. Blackstone co-founder Peter ...
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.
In January 2011, The Peter G. Peterson Foundation launched the $1.2 million Solutions Initiative grant program. As part of this program, the American Enterprise Institute, Bipartisan Policy Center, Center for American Progress, Economic Policy Institute, The Heritage Foundation, and Roosevelt Institute Campus Network each received grants of $200,000 to develop comprehensive plans for long-term ...
The world loves a good “rise of” story — one that captures the first months of a now-superstar artist’s meteoric rise, whether it’s Elvis or the Beatles or Madonna or Prince or Nirvana ...