All Rights Reserved, This is a BETA experience. Each net worth figure is updated every business day at 5:30 p.m. in New York and listed in U.S. dollars at current exchange rates. He joined Blackstone in 1992. There are 12 older and 2 younger executives at Blackstone Inc. In a meeting with the senior Blackstone team, Kevin Gannon, chairman and CEO of Robert A. Stanger & Co., Inc., was asked how he thought the REIT would be received in the marketplace. He also has collected more than US$120-million in bonuses, carried interest and dividends in the past two years, according to regulatory filings with the U.S. Securities and Exchange Commission. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. The oldest executive at Blackstone Group Inc (The) is Brian Mulroney , 81, who is the Independent Director of the General Partner. “Jon lives a very private life,” said Peter Rose, Blackstone’s spokesman, who said Gray declined to comment for the story. As Gray ascended to Blackstone cofounder Stephen Schwarzman’s No. Jonathan Gray of the Blackstone Group discusses how his group is profiting from global real estate investments and how to play the housing sector now. “That’s very similar to what we like to do here. He and his wife became involved with New York charter school organization Harlem Village Academies more than a decade ago, donating $10 million in 2012 to buy a building for a new elementary school, then founded the Gray Foundation in 2014. See Jonathan D Gray's compensation, career history, education, & memberships. The 'very private' Jonathan Gray is the latest billionaire to emerge from the world’s largest manager of private equity and property. Criminal or Civil Court records found on Jonathan's Family, Friends, Neighbors, or Classmates View Details. Jonathan Gray, the 43-year-old who runs Blackstone Group LP’s real estate business, is the latest billionaire to emerge from the world’s largest manager of private equity and property. See the complete profile on LinkedIn and discover Jonathan’s connections and jobs at similar companies. Blackstone Group's Executive Vice Chairman is Hamilton E. James. Find a theme we believe in, hire a talented management team and go all in,” Gray says. Comments may take up to an hour for moderation before appearing on the site. See the full leadership team at Craft. 49 on Forbes’ America’s Top 50 Givers list, having doled out $23 million in charitable donations in 2017. 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. ... put downward pressure on cap rates for stable assets,” Blackstone President Jon Gray said ... Facebook Twitter LinkedIn Feedback. This is Me - Control Profile. Please try again. The company was started in 1985 by Schwarzman and Peter G. Peterson, who left the company in 2008 to pursue philanthropic causes. We encountered an issue signing you up. In 2012, the couple donated $25 million to the University of Pennsylvania to create the Basser Center for BRCA, which focuses on researching BRCA-related cancers and providing education and genetic counseling. If you don't see it please check your junk folder. Blackstone's Jonathan Gray on private equity and real estate This advertisement has not loaded yet, but your article continues below. But his accomplishments are not only in business; Gray is also making his mark in philanthropy. You may opt-out by, America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Bezos, Zuckerberg $18 Billion Richer As Tech Stocks Rally On Biden’s First Days In Office, The Real Winner Behind Bernie Sanders’ Inauguration Look: Vermont Outdoor Gear Company Burton, Trump Supporter Harold Hamm’s Fortune Fell The Most Of Any U.S. Jonathan Gray, Blackstone’s global head of real estate, told National Mortgage News that “If I had to guess, over the next 6 to 12 months, it will be difficult for us to continue in our current setup in terms of deploying capital.” These … However, bulk purchases are becoming rarer. “I love to be a high conviction investor. There are 700+ professionals named "Jonathan Gray", who use LinkedIn to exchange information, ideas, and opportunities. 12:36 Tue, Jul 9 2013 10:32 AM EDT This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Court Records found View. 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 president, 26 years after he started at the private equity giant. Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. How one Blackstone exec became a billionaire at 43, tap here to see other videos from our team. Jonathan has 4 jobs listed on their profile. Jonathan Gray, Blackstone's real estate boss, ... LinkedIn Facebook Twitter Instagram Contact Us. Their foundation donated $10 million to kick start the program, and its three-year pilot began in fall 2017 in a Queens school district that covers more than three dozen schools. The Illinois native first bumped into his future wife at their alma mater’s library during the first semester of their senior year, when both were writing a paper on Samuel Richardson’s novel Pamela, then later met again at a Romantic Poetry class. Mindy’s older sister, Faith Basser, had a BRCA1 mutation -- the Angelina Jolie gene mutation -- and passed away from ovarian cancer at age 44. Blackstone has surged 40% this year as the private- equity firm sold assets and returned money to private and public shareholders. He also serves on the board of Harlem Village Academies. It has since funded everything from teens’ night at the Metropolitan Museum of Arts to school-based health clinics in the South Bronx. He debuts at No. Other executives include Stephen A. Schwarzman, Chairman, CEO & Co-Founder; Jonathan Gray, President, COO and 34 others. Another passion of the Grays is cancer research. Schwarzman has a net worth of US$8.1-billion and is the world’s 151st richest person, according to the Bloomberg Billionaires Index. Gray has orchestrated the privatization of public real estate companies valued at more than US$100-billion, including Extended Stay America, Carr America, Equity Office Properties and Hilton Hotels. Contact Details - find the Job Title, Phone#, Email Address, Social Profiles (Including Facebook, LinkedIn and Twitter) and the list of co-workers of Jonathan Gray at The Blackstone Group, L.P., and much more! Jonathan Gray is 50, he's been the President, Chief Operating Officer, and Director of the General Partner of Blackstone Inc since 2018. Jonathan Gray at The Blackstone Group, L.P. Unauthorized distribution, transmission or republication strictly prohibited. Jonathan has 5 jobs listed on their profile. Then a political junkie, Gray was impressed by its top brass – cofounder Peter Peterson was Richard Nixon’s Commerce Secretary, and partner David Stockman served as Ronald Reagan’s budget director -- and accepted the job over other offers from investment banks. Traditional retail is troubled, and Blackstone global head of real estate Jonathan Gray is adjusting his firm's strategy to adopt to the growing demand for e … Blackstone’s recent emphasis on putting money to work in fast-growing companies—a key aspect of President Jonathan Gray’s strategy for navigating expensive markets—has fueled the gain. Blackstone is one of the world’s leading investment firms. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Visit our Community Guidelines for more information and details on how to adjust your email settings. View Jonathan Gray’s profile on LinkedIn, the world’s largest professional community. He’s sold stock valued at almost US$200-million since Blackstone’s 2007 initial public offering. 2 man, he started to focus on low-income kids in his adopted home city. Every kindergartner in the district automatically gets a $100 scholarship account (unless they opt out), and families can earn an additional $200 in rewards by completing certain incentives -- for instance, open your own 529 college savings plan, and NYC Kids RISE will add $25 to your child’s scholarship account. “We love the idea of giving these kids a better shot at the future,” says the father of four, who has given more than $40 million to education initiatives so far. “I have a very simple bio,” says Gray, “My senior year in college, I met a girl in Romantic Poetry class, and a couple weeks later I got a job in finance at a small investment advisory firm.” The girl became his wife, Mindy Gray, and the small firm, Blackstone, grew into a mammoth entity that now manages $439 billion in assets. Blackstone’s Jonathan Gray was sharing what he learned at a conference in New York last week Chinese became the biggest investors in US real estate last year, but the man in charge of Blackstone’s $80 billion in property assets believes that more is on the way. The Bloomberg Billionaires Index takes measure of the world’s wealthiest people based on market and economic changes and Bloomberg News reporting. Blackstone has an exclusive agreement with Fidelity for an undisclosed period covering individual investors, and can offer the fund of funds to its institutional clients, according to a person briefed on the deal, who asked not to be identified because the information is private. “He heads one of our largest and most successful businesses.”. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Gray traces his focus on education to his time at the University of Pennsylvania, where he majored in English and economics; he says his time there set the stage for the rest of his life. 30 Profile Searches Follow. Blackstone, which also has investments in private equity, credit and hedge funds, managed US$229.6-billion in assets as of the end of the second quarter. Blue/Bloomberg.). According to NYC Kids RISE, research has shown that students with school savings of $1 to $500 are three times more likely to enroll in college, so it plans to expand the program citywide if the pilot is successful. Blackstone | 419,989 followers on LinkedIn. I’m a believer in the state of Florida. © 2021 Financial Post, a division of Postmedia Network Inc. All rights reserved. The Blackstone Group, which has a major presence in many areas of the real estate market, still has a positive view of the sector. The next issue of Top Stories Newsletter will soon be in your inbox. The company has diversified beyond leveraged buyouts, and its real estate division, run by Gray, is now its largest, with US$64-billion in assets. The center focuses on the prevention and treatment of certain genetically caused breast and ovarian cancers. Along with managing the scholarship accounts, NYC Kids RISE also worked with the city's Department of Education to create financial literacy workshops for schools. View the profiles of professionals named "Jonathan Gray" on LinkedIn. In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. See full coverage of America's Top 50 Givers. In 2016, the Grays partnered with the New York City government to launch NYC Kids RISE, a nonprofit aimed at helping families save for college. Tony James, the company’s president, has a stake valued at more than US$850-million. We apologize, but this video has failed to load. The firm is acquiring the properties from General Electric Co.’s GE Capital unit, said the person, who asked not to be identified because the transaction isn’t public. Gannon told Jonathan Gray, president and COO of Blackstone, and his team, “If BREIT does not raise $20 billion, you should be ashamed of yourselves.” We ask you to keep your comments relevant and respectful. Gray is also investing a US$13.3-billion real estate fund, which is the largest opportunistic property fund ever raised. Blackstone’s Gray bullish on Miami Not only does Jonathan Gray, the global head of real estate for the Blackstone Group, not believe the U.S. is headed toward a recession this year, he has a “favorable bias” for investing in Miami and Florida. Linkedin ( Photo credit: Victor J brought to you in partnership with the Post! Appearing on the prevention and treatment of certain genetically caused breast and ovarian cancers the... 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