Hamilton E. “Tony” James (born February 3, 1951) is president, chief operating officer (COO) and a member of the board of directors of Blackstone, a New York-based global asset management firm. He is also a known philanthropist.
Early life and education
James was born in Wyandotte, Michigan to Hamilton and Waleska James. He grew up as the oldest of four boys in Lincoln, Massachusetts, a suburb of Boston. His father was a management consultant at Arthur D. Little. James attended The Choate School (now Choate Rosemary Hall) in Wallingford, Connecticut.
James attended Harvard College, where he was a John Harvard Scholar and from which he graduated magna cum laude in 1973. He received his MBA with high distinction from Harvard Business School in 1975, where he was a Baker Scholar.
Career
In 1975, James joined investment bank Donaldson, Lufkin & Jenrette and became head of the firm’s global M&A group in 1982. He founded DLJ Merchant Banking, Inc. in 1985. In 1995, James was appointed chairman of the firm’s banking group, a position he held when DLJ was acquired in 2000 by Credit Suisse First Boston, and was a member of its board of directors. At CSFB, James served on the executive board and as chairman of global investment banking and private equity. A 2007 Wall Street Journal article credited James with leading the acquisition process, on behalf of DLJ.
In 2002, James joined global alternative asset manager Blackstone, where he serves as president and chief operating officer. He also serves on the firm’s executive and management committees, and its board of directors.
James is well-known within the financial industry for his effective management style. He has been credited with reorganizing Blackstone’s management and creating its executive committee.
He was the mastermind behind Blackstone’s acquisition of GSO Capital Partners, now Blackstone’s credit division. He has also been keen on jumpstarting entrepreneurship across the country. James is a director of Costco Wholesale Corporation and has served on a number of other corporate boards.
As of October 2015, he had a net worth of US$1.93 billion.
Summary
| Hamilton E. James | |
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Hamilton E. James
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| Born | February 3, 1951 Wyandotte, Michigan, US |
| Residence | Manhattan, New York, US |
| Nationality | American |
| Education | Choate Rosemary Hall |
| Alma mater | Harvard College Harvard Business School |
| Occupation | COO, Blackstone |
| Net worth | US$1.84 billion (September 2015) |
| Spouse(s) | Amabel |
| Children | 3 |
| Parent(s) | Hamilton and Waleska James |
Hamilton James Net Worth: Hamilton James is an American entrepreneur who has a net worth of $1.72 billion. Hamilton “Tony” James belongs to the billionaire troop behind the Blackstone Group, an American multinational private equity shop with $266 billion in assets under management. Blackstone also ranks as the biggest owner of single-family homes in the States, with more than 31,000 houses. Together with Stephen Schwarzman and Jonathan Gray, he was also the one to benefit from the rise of the company’s shares that soared last year and beat the company’s IPO price of $31 for the first time since 2007. Thus, James got back to the billionaires list for the first time since 2010 as the president and COO of the company. Prior to becoming a key person at Blackstone, he took his BA and MBA from Harvard in mid-1970s and then worked at investment bank Donaldson, Lufkin & Jenrette for some 25 years. Next, he held the position of chairman of investment banking and private equity at Credit Suisse First Boston and eventually joined Blackstone in 2002. Now, he is considered a solid candidate to fill in the shoes of Blackstone’s founder Schwarzman upon his retirement. The above aside, Hamilton James is a trustee with several environmental nonprofits like the Wildlife Conservation Society and The Second Stage Theatre and The Metropolitan Museum of Art.
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