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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note