Jonathan Gray
REAL TIME NET WORTH — as of 5/5/17
$1.8 B
Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and rose to the head of the firm’s vaunted real estate group. He’s also part of the succession plan for founder and chairman Steve Schwarzman. His 4% stake in Blackstone accounts for the vast majority of his fortune. As global head of real estate, Gray has expanded his division into Blackstone’s largest. Gray orchestrated Blackstone’s $26 billion acquisition of Hilton in 2007, which the company says is the most profitable private equity deal of all time, having created a gain of more than $13 billion for Blackstone and its investors. In October 2015, he closed on what was reportedly the largest private real estate fund, raising a record-breaking $15.8 billion for the firm’s Blackstone Real Estate Partners VIII. Gray has given more than $30 million to alma mater UPenn to start a treatment and prevention center focused on the BRCA gene mutation, which can cause breast and ovarian cancers.
Jonathan Gray Net Worth: Jonathan Gray is an American businessman who has a net worth of $1.6 billion. Jonathan Gray was born in Manhattan, New York in February 1970. He is a member of the Board of Directors of the Blackstone Group which is a New York based global asset management firm. Jonathan graduated from the University of Pennsylvania and the Wharton School of Business. Gray joined Blackstone’s Mergers and Acquisitions and Private Equity group in 1992. He became Co-Head of the Real Estate group in 2005 and in 2011 was named Global Head of Real Estate. Blackstone’s real estate business has $80 billion of investor capital under their management. Jonathan Gray was part of Fortune’s 40 under 40 in 2009. He helped establish Blackstone Real Estate Debt Strategies in 2008 which launched Blackstone Mortgage Trust in 2013. Gray is also a philanthropist and serves on the board of The Trinity School as well as being Chairman of the Board of Harlem Village Academies. He donated $10 million to purchase a Manhattan building for the organization. Jonathan married Mindy Basser in 1995. The couple founded the Basser oResearch Center in 2012 and donated $25 million to create the Center which focuses on cancer research.
Source:
1. forbes