a friend of mine lives in the trump world tower near the UN, and he said this blackstone partner bought the penthouse duplex for about $30 million! if i'm not mistaken, he paid all-cash for the transaction. pretty awesome, especially since the people living below him are derek jeter and jay-z.
i know blackstone partners do well, but being able to spend $30 million cash on a condo is pretty insane.
| +32 | Non-Competes Banned | 42 | 6h | |
| +31 | ADHD ! | 15 | 9h | |
| +30 | Being Christian in investment banking | 14 | 3d | |
| How do I become Sigma | 15 | 2d | ||
| +19 | Moelis has the cutest Analysts? | 4 | 3d | |
| +18 | Best NYC neighborhood for single 30M | 12 | 5d | |
| +16 | Underage intern, drinking? | 7 | 3d | |
| +13 | Can someone justify why is million written mm or MM? | 12 | 5h | |
| +13 | Secretive vs Universal Prestige? | 7 | 3d | |
| +10 | What are divorce rates in IB? | 13 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Thats the beauty of being high up in a privately held financial company when it goes public. How would he know it was all in cash?
I propose a (boardroom) fight: Chu vs. Dimon
I wouldn't be surprised if Chinh paid for it in cash, yet he is anything but a "baller".
the story was well publicized, so a lot of people know about it. my friend lives there, and he heard about this asian finance tycoon who bought the penthouse.
yeah, his name is chinh chu. is he one of the big players at Blackstone? what makes you say he's not a baller?
http://www.observer.com/2007/and-trumps-33-million-mystery-buyer-blacks…
there ya go....
that motherfu..
I wanted to highlight how some of the more successful people in finance help those who are less fortunate, before the thread disintegrated into another inane discussion, e.g. “that motherfu” etc.
www.vietnamrelief.org
yeah chu is huge at Blackstone did the celanese deal a while back i would say pretty baller
no one can ever play the non-target card again.
http://blackstone.com/team/pdfs/chu_chinh.pdf
university of buffalo? wtf?????
when I first saw him in fortune magazine
I have the edition of fortune mag titled "the new king of wallstreet" featuring steven swhartzman. Here is what they have to say about Chu.
Fortune Magazine:
"a senior managing director hired from salmon brothers, where he was an M&A wiz. The university of buffalo grad has proven himself has a virtuous multitasker, handling many of the firms biggest investments including celanese, sunguard data, and the London international financial futures exchange
He never has time to enjoy it. :)
In general, though, before this does actually turn into another thread about how much money various people make/have made, I think Endgame's comment is a good one.
For most of these people, I think you'll also find that drive to succeed is a bigger motivator than pure money. After awhile, what's really the difference between $400 million and $450 million?
If you read interviews with Steve Schwarzman, you can tell he's in it because of his personality... he wants to win/succeed.
I'm not going to sit here and say he doesn't care about money or anything, but after a certain point it is more about drive vs. amassing another $100 million.
don't need any ivy education to kick ass...
Omnis tempora id quia dolore laboriosam cupiditate adipisci fugit. Distinctio vel non facere dignissimos sed aspernatur nesciunt minima. Explicabo iusto sint voluptas architecto ut est sapiente. Et exercitationem aut iure aut earum. Id aut et vitae dolorem culpa dolorem perferendis. Temporibus minima quam eligendi voluptatem. Incidunt ullam esse unde dolore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...