Blackstone Baller

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.

 

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

 
Best Response

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.

 

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