October 26, 2009
The Man behind the Incredible Success of the Blackstone Group
If you have not come across Stephen A. Schwarzman, you’ll find this captivating. Forbes ranked him as the fifty-third most well-heeled person in the U.S.A. recently, nonetheless it isn’t merely money which makes this story fascinating but in addition his unbelievable rise to power in the business sector and his patronage of the arts. Steve’s story shows the world that the most significant character traits in business attainment are work plus focused determination.
The Blackstone Group was initially founded by Steve and his partner Peter Peterson as a firm offering up financial advice and private equity. The Blackstone Group has since gone from strength to strength and these days is massive in M&A. Steve grew up in the suburbs of Philadelphia. Then he went on to receive his degree from Yale University in 1969. He set about taking an MBA at the exalted Harvard Business school near Boston, MA. After completing his higher education, Steve started his career at Lehman Brothers investment bank. He was assigned the job title of managing director at the unusually precocious age of thirty-one. Steve doesn’t merely give of his time to a variety of not for profit organizations, but he has also been a non-faculty professor at Yale. He is the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in New York. Furthermore, Steve just last March gave the New York Public Library a hundred million dollars to sponsor their recent construction program. Steve also serves them as a trustee. So of course it comes as no surprise that, America’s elite look at Steve Schwarzman for inspiration — As one of Times Magazine’s 100 Most Influential People in the World, Steve is these days widely followed by the mass media and impacting business and finance globally. His mastery of the business and financial world has been nothing short of spectacular, and his willingness to donate to the community through his generous gifts to the arts and education galvanizes individuals who wish to emulate him. It would seem that at the moment, Steve has it all. In summary, Steve has grasped every last opportunity offered to him, however, in return he has at the same time made exemplary use of his money as a means to embetter the lives of his fellow Americans.
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