The oldest executive at Blackstone Group Inc (The) is Brian Mulroney , 81, who is the Independent Director of the General Partner. To Mr. Schwarzman, the notion appeared absurd. [16], After the 2008 financial crisis, Gray created a business venture through Blackstone called Invitation Homes to buy foreclosed single-family houses and turn them into rentals. [citation needed], Today, Blackstone's real estate business is the largest opportunistic real estate investment manager in the world with $111 billion[7] of investor capital under management,[8] which includes a $16 billion global real estate fund and a $9 billion[9] European fund. (m.1995). Children. Discover the real story, facts, and details of Jonathan D. Gray. [18] Invitation Homes, with help from the federal government, became the largest single-family home rental company in the country. Jonathan Gray. In 2016, newly elected President Donald Trump discussed appointing Gray to be his Treasury Secretary. To Mr. Schwarzman, the notion appeared absurd. Go to next page for details on Jonathan D. Gray’s net worth and earnings. She is the Chair of the Basser Leadership Council and serves on the boards of the University of Pennsylvania School of Medicine and NYC Kids RISE. Mindy Gray is the Co-Founder of the Gray Foundation. Welcome! Gray recently donated $10 million to purchase a building in northern Manhattan which will serve as the organization's second elementary school. Gray now has $12 billion to invest, more dry powder than any other firm.Sports allegiance: "Rabid" Cubs fan is warming to the Yankees.NEXT: Jason Kilar, Paste this link into your favorite RSS desktop reader. [37], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. Mr. Gray previously served as the firm’s Global Head of Real Estate, which he helped to build into the largest real estate platform […] The 45-year-old Gray joined Blackstone in 1992 and became the global head of real estate in 2011. [6] In August 2013, Bloomberg estimated his net worth at just over $1.0 billion due to his owning 40.6 million Blackstone shares valued at $913 million combined with over $120 million in bonuses and salary. Jonathan Gray is 50, he's been the President, Chief Operating Officer, and Director of the General Partner of Blackstone Inc since 2018. In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group,[6] and was offered a position in the company's newly formed real estate private equity group shortly thereafter. There are 12 older and 2 younger executives at Blackstone Inc. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the "Blackstone Reports Record Year : Jonathan Gray's Real Estate Group Chips In 60% Of The Profits – Jewish Business News", "The Top 3 MLPs With 5%-Plus Yields (That Have Nothing To Do With Oil And Gas)", "Blackstone Group Raises €7.8 Billion for European Property Fund", "Blackstone Gets $15.8 Billion for Biggest Ever Real Estate Fund", "Investment strategy: The new property barons", "Blackstone's Hilton Deal: Best Leveraged Buyout Ever - Bloomberg", "40 under 40 - Jonathan Gray (7) - FORTUNE", "Trump Said to Discuss Treasury Post With Blackstone's Gray", "Blackstone's Homegrown Dealmaker Finally Makes It to the Top", "Blackstone Exits Single-Family Rental Bet Slammed by Warren", "Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes", "Denmark to Change Law to Stop Blackstone Rent Hikes", "Warren CAlls Out Blackstone for "Shameless" Profies From Housing", "Blackstone Moves Out of Rental-Home Wager With a Big Gain", "The Wallets of Wall Street Are With Joe Biden, if Not the Hearts", "Private-Equity Leaders Place Their Presidential Bets", "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties", "Joe Biden to host more than 250 donors from Wall Street, big business at NYC fundraisers – here's the guest list", "Basser Center for BRCA – Abramson Cancer Center", "Blackstone's Gray Becomes Billionaire Amid Property Wager", "The 2013 Basser Global Prize - Bassser Research Center for BRCA -Penn Medicine", "Penn Medicine's Basser Research Center for BRCA Announces Additional $5 Million Gift from Mindy and Jon Gray to Fund External Research Grant Program", "The T&C 50: The Top Philanthropists of 2016", "New York Seeks to Jump-Start College Savings by Giving Cash to Kindergartners' Parents", "Blackstone's Gray Gives $21 Million to Hit Cancer Close to Home", "Blackstone President Jonathan Gray Donates $25 Million To Tackle Deadly Breast Cancer Gene", "WEDDINGS - Mindy Basser, Jonathan D. Gray", Mindy Basser He sits on its Management Committee and most of its investment committees. Blackstone has raised $96bn in the last five years, $35bn more than second-placed Carlyle. You could also do it yourself at any point in time. That's it. Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and later rose to head the firm's vaunted real estate group. He was made co-head of the real estate group in 2005 and named global head of real estate in 2011. Gray immediately flipped hundreds of buildings in the portfolio for $30 billion just before the market crashed -- and put in just 50% of the equity for the properties he retained, Stone. [31], In 2016, Gray was named to Vanity Fair's "New Establishment" list.[39]. He is also the Global Head of Real Estate and a member of the board of directors of Blackstone, as well as the firm’s Management Committee. With an unrivalled amount of dry powder to invest in Europe he now has the position and firepower to further cement his reputation and oversee the strategies … [4][5] His father Allen Gray was an investment adviser and owned a small auto parts manufacturer on the West Side of Chicago (coincidentally named Blackstone Manufacturing); his mother Susan, remarried to his stepfather James Florsheim, ran a catering business. Jonathan Gray has had a good 2018: in February, the former head of Blackstone’s $119 billion (assets) real estate division was promoted to chief operating officer and … [31] This donation also established the Basser Global Prize,[32] honoring cutting-edge cancer research. [38] He lives in Manhattan with his wife and their four daughters, Margo, Emma, Stella, and Tess. In 2013, BREDS launched Blackstone Mortgage Trust (BXMT) to provide first mortgage debt capital to real estate borrowers. making the deal one of the smartest of the era. Gray, 48, has run the firm's global real estate group since 2005. The Grays donated $25 million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. Jonathan D Gray is President/COO at The Blackstone Group. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. [28], Gray serves on the board of The Trinity School, as well as on the board of Harlem Village Academies,[29] a group of charter schools in New York City. Explore Jonathan D. Gray's biography, personal life, family and real age. (PRESS RELEASE) -- MGM Growth Properties and Blackstone Real Estate Income Trust today announced that MGP and BREIT have entered into a definitive agreement to form a new joint venture to acquire the Las Vegas real estate assets of the MGM Grand Hotel & Casino Las Vegas and Mandalay Bay Resort and Casino for $4.6 billion. Jon Gray Blackstone Barry S. Sternlicht Starwood Capital Group 4:30 PM Exploring Growth vs. Value Moderator: Cliff Asness AQR Capital Management David Einhorn Greenlight Capital, Inc. Lee S. Ainslie III Maverick Capital 5:00 PM Fireside Chat Ken Griffin Citadel Paul Tudor Jones II Tudor Investment Corporation 5:30 PM Conference Day 1 Ends [36], In July 2019, it was announced that the Grays would donate a further $25 million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. Jonathan Gray (Blackstone), Keynote Speaker | Wharton MBA Graduation 2019, Steers Center for Global Real Estate 2015 Luminaries Event: A Conversation with Jonathan Gray, 2016 Real Estate Impact Conference - Keynote Session: Jon Gray. ... Jonathan Gray-- … in English from the School of Arts & Sciences and a B.S. Blackstone Group Inc. has hired Joe Dowling, the former chief executive of Brown University's endowment, as co-head of its $78 billion hedge … But Gray, who heads up the Blackstone Group’s real estate division, is a far newer member of the billionaires’ club. Private-equity giant Blackstone Group has promoted Jonathan Gray to replace Tony James as COO. He also serves as chairman of Hilton Worldwide . In an episode of “Talks at GS,” Jon Gray joins Alison Mass, Chairman of Goldman Sachs’ Investment Banking Division, for a discussion about the themes driving Blackstone’s investment approach. [17] Gray went on the “biggest home buying spree in history” after the foreclosure crisis, spending $10 billion in the company's first four years. Mr. Schwarzman, who at 74 is the same age as Mr. Trump, also used his deal-making skills when there was no clear benefit to Blackstone. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. [6] His parents divorced when he was young. To install click the Add extension button. admin January 19, 2021 No Comments. [10], As global head of real estate, Gray oversees a diverse portfolio including hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. [11] Gray currently serves as Chairman of the Board of Hilton Worldwide, which went public in December 2013. from the Wharton School. He also serves as chairman of Hilton Worldwide. Mayor Rahm Emanuel and Blackstone’s Jon Gray also announced the Blackstone Inclusive Entrepreneurship Challenge, a three-year pilot program that will award up to $3.4 million in grants to innovative organizations that effectively recruit and support diverse entrepreneurs and scale start-ups in the Chicago area. Marital status: Married . Blackstone's investment in Hilton was profiled in a September 2014 Bloomberg Businessweek cover story. [6] He was elected Phi Beta Kappa. In January 2014, the Basser Research Center announced an additional $5 million gift from the couple to fund an external research grant program. Major holdings include Hilton Worldwide, Equity Office Properties, Invitation Homes, Logicor, and the leading owner of office space in India. [33] Town & Country (magazine) noted this work in its "Top Philanthropists of 2016" feature, in which the Grays were included. More recently, Gray has been a major Democratic supporter, including his backing of several Democratic presidential candidates in the 2020 election. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. Jonathan Gray Senior Managing Director, Blackstone. In 2008, Gray led the firm's efforts in establishing Blackstone Real Estate Debt Strategies (BREDS), provider of high yield debt capital. [34], In November 2016, The New York Times reported on a $10 million donation from the Grays to finance a pilot program that creates college savings accounts for thousands of New York City public school kindergartners. In addition, BREIT will purchase $150 million in MGP Class A shares. Blackstone’s Schwarzman Stays Loyal to Trump. Age: 39 Marital status: Married Highest Education: Bachelor's degree The native Chicagoan went straight to Blackstone from Wharton in 1992 and fast became a star in its real estate division, best known for the $39 billion purchase of Equity Office Properties in 2006. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the call. Born in Highland Park, Illinois. Like his mentor Jon Gray, Seppala has been tipped for a role at the top table of Blackstone from an early age. Senior Managing Director, Blackstone ... Blackstone. I use WIKI 2 every day and almost forgot how the original Wikipedia looks like. [24][25][26][27], The Gray Foundation was launched in 2014 with two distinct missions: Accelerating research, improving treatment and raising awareness for individuals who have inherited BRCA mutations; and maximizing access to education, healthcare and opportunity for low-income youth in New York City. Would you like Wikipedia to always look as professional and up-to-date? Blackstone Group's chairman has made clear to senior executives that 43-year-old real-estate specialist Jonathan Gray is the front-runner should the current president depart within the next few years. Jonathan Gray is known for making big bets and being kind of a nice guy. See Jonathan D Gray's compensation, career history, education, & memberships. Note: To be eligible for Fortune's 40 under 40, candidates had to be 39 or younger on Nov. 1, 2009. ... (Jon Gray, Blackstone’s president and a … [12] Gray was named in Fortune's "40 under 40,"[13] in 2009. your username. In 2016, he ranked #1 on Commercial Observer's "Power 100" ranking of the most powerful people in New York City real estate.[14]. your password There's less and less distressed housing," said Jonathan Gray, Blackstone's global head of real estate. She was named Blackstone’s co-head of real estate, alongside fellow co-head Ken Caplan, after their boss, Jon Gray, became the firm’s president and chief operating officer in February. [21] Blackstone sold the last of its Invitation stake in late 2019 for a total reward of about $7 billion.[22]. [15], In February 2018, it was announced that Gray would become president and chief operating officer of Blackstone, replacing Hamilton "Tony" James. [6] In 1992, Gray graduated from the University of Pennsylvania (Penn) magna cum laude with a B.A. [2] He also serves as chairman of Hilton Worldwide.[3]. And both like to be in the thick of things. Now 72, Schwarzman takes an active role in … Jonathan Gray, C'92, W'92 President & Chief Operating Officer, Blackstone Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. He also serves as chairman of Hilton Worldwide. Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. Age: 39 . Congratulations on this excellent venture… what a great idea! Jon Gray is the Co-Founder of the Gray Foundation. [19] Blackstone prioritized buying homes in good school districts expecting that renters would “more readily accept rent hikes to avoid moving.” Gray caused damaging structural change to the housing market with the large-scale flipping of single-family homes into rentals--effectively preventing millions of families’ chance to build wealth after the financial crisis and significantly decreasing the stock of affordable housing in the United States. Jonathan Gray, president and chief operating officer of the Blackstone Group Inc., said he expects that over time people will return to office buildings. 4. BLACKSTONE CHARITABLE FOUNDATION. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the call. We have created a browser extension. The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. [23] Gray withdrew his name from consideration and Steven Mnuchin was eventually nominated and confirmed as the Treasury Secretary. To Mr. Schwarzman, the notion appeared absurd. [citation needed], In May 2012, Gray and his wife, Mindy Gray, founded the Basser Research Center,[30] named in honor of Mindy's sister, Faith Basser, who died of ovarian cancer at age 44. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. Log into your account. Finance that Jon Gray (above) was part of the private equity giant's succession plan. BlackStone Group LP ... the 2010s as the golden age for private market just given the supportive market backdrop and significant growth in the asset class. The Danish Housing Minister called for the need for tighter regulations on Blackstone after the firm saw “an opportunity to push people out of their homes to get fast returns.”[20] Elizabeth Warren has criticized Blackstone for shamelessly profiting from the 2008 housing crisis. It’s run by Steve Schwarzman who founded the firm in 1985 at the age of 37, with Jonathan Gray as President and chief operating officer. [35] In May 2017, the Grays announced they would be donating $21 million to the Basser Center for BRCA at the University of Pennsylvania, bringing their total pledges to the initiative to $55 million. 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