Blackstone Real-Estate Chief A Billionaire

Aug 15 2013 | 12:35pm ET

The Blackstone Group has created another billionaire.

Jonathan Gray, the 43-year-old head of the firm's real-estate business, has become the fourth Blackstone executive to hit 10 figures. Gray, who joined Blackstone's board of directors last year and who is widely seen as a potential successor to CEO Stephen Schwarzman, owns $913 million worth of Blackstone stock, and has earned more than $120 million in bonuses, carried interest and dividends over the past two years, Bloomberg News reports.

Blackstone's shares have soared 40% this year. Gray leads the firm's largest unit; the real-estate division now boasts $64 billion in assets.

Gray was preceded into billionairehood by Schwarzman and co-founder Peter Peterson, who left the firm in 2008, as well as President Hamilton James.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...