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. 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. 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. There are 12 older and 2 younger executives at Blackstone Inc. 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. See the full leadership team at Craft. View Jonathan Gray’s profile on LinkedIn, the world’s largest professional community. 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. 30 Profile Searches Follow. 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. 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. Email me at jwang@forbes.com, © 2021 Forbes Media LLC. See the complete profile on LinkedIn and discover Jonathan’s connections and jobs at similar companies. 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. Jonathan Gray, Blackstone's real estate boss, ... LinkedIn Facebook Twitter Instagram Contact Us. © 2021 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. The Bloomberg Billionaires Index takes measure of the world’s wealthiest people based on market and economic changes and Bloomberg News reporting. The company was started in 1985 by Schwarzman and Peter G. Peterson, who left the company in 2008 to pursue philanthropic causes. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. So far, more than 3,000 kids have participated, and the program will include 10,000 students by the end of the pilot. 150 N. Michigan Ave. Chicago, IL 60601 E-mail our editor (312) 649-5200. 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. 2 man, he started to focus on low-income kids in his adopted home city. We ask you to keep your comments relevant and respectful. This is Me - Control Profile. 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. 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. “I’m a believer in Miami. Jonathan has 5 jobs listed on their profile. View the profiles of professionals named "Jonathan Gray" on LinkedIn. Mindy and I identify something we really believe in, get a great group, and put a lot of resources behind it.”, The Greatest Givers: Meet America’s Top Philanthropists, Profiling the world's richest and their businesses. The oldest executive at Blackstone Group Inc (The) is Brian Mulroney , 81, who is the Independent Director of the General Partner. See the complete profile on LinkedIn and discover Jonathan’s connections and jobs at similar companies. 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. I’m a believer in the state of Florida. See full coverage of America's Top 50 Givers. Schwarzman has a net worth of US$8.1-billion and is the world’s 151st richest person, according to the Bloomberg Billionaires Index. Find a theme we believe in, hire a talented management team and go all in,” Gray says. Gray is the fourth billionaire to be minted at Blackstone. 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. “I really wanted to help kids to aspire to get to college, because it was so formative in my own life,” explains Gray. All Rights Reserved, This is a BETA experience. He also serves on the board of Harlem Village Academies. ... put downward pressure on cap rates for stable assets,” Blackstone President Jon Gray said ... Facebook Twitter LinkedIn Feedback. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Jonathan Gray, 33 Blackstone, VA. The 'very private' Jonathan Gray is the latest billionaire to emerge from the world’s largest manager of private equity and property. It has since funded everything from teens’ night at the Metropolitan Museum of Arts to school-based health clinics in the South Bronx. View Photos. Here's how Blackstone sees the crisis unfolding. 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. 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. Gray, who joined New York-based Blackstone in 1992 after graduating from the University of Pennsylvania, owns 40.6 million shares of the alternative-asset manager, a stake valued at US$913-million as of Wednesday’s close. Visit our Community Guidelines for more information and details on how to adjust your email settings. There are 700+ professionals named "Jonathan Gray", who use LinkedIn to exchange information, ideas, and opportunities. 49 on Forbes’ America’s Top 50 Givers list, having doled out $23 million in charitable donations in 2017. Gray is also investing a US$13.3-billion real estate fund, which is the largest opportunistic property fund ever raised. He sits on its Management Committee and most of its investment committees. “I love to be a high conviction investor. Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. View Jonathan Gray’s profile on LinkedIn, the world’s largest professional community. 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.” Blue/Bloomberg.) But his accomplishments are not only in business; Gray is also making his mark in philanthropy. Shortly thereafter, Gray received an offer to work as an analyst at Blackstone, which started as a boutique M&A advisory business in 1985. https://therealdeal.com/issues_articles/blackstones-latest-billiona Blackstone has surged 40% this year as the private- equity firm sold assets and returned money to private and public shareholders. He serves on the boards of the Pension Real Estate Association and Trinity School, and has given US$10-million to the Harlem Village Academies, a New York- based learning institution he’s chairman of. As Gray ascended to Blackstone cofounder Stephen Schwarzman’s No. “Jon has been an integral part of the Blackstone fabric for the past twenty years,” Stephen Schwarzman, Blackstone’s billionaire chairman, said last year when Gray was appointed to the company’s board of directors. 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 … 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 Jonathan Gray on private equity and real estate 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. See Jonathan D Gray's compensation, career history, education, & memberships. (Photo credit: Victor J. 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. “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. He’s sold stock valued at almost US$200-million since Blackstone’s 2007 initial public offering. 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! 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. Jonathan Gray at The Blackstone Group, L.P. We apologize, but this video has failed to load. Other executives include Stephen A. Schwarzman, Chairman, CEO & Co-Founder; Jonathan Gray, President, COO and 34 others. 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. 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. “Jon lives a very private life,” said Peter Rose, Blackstone’s spokesman, who said Gray declined to comment for the story. He debuts at No. 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. Gray graduated magna cum laude from Penn with bachelor’s degrees in economics and English. The Blackstone Group, which has a major presence in many areas of the real estate market, still has a positive view of the sector. 12:36 Tue, Jul 9 2013 10:32 AM EDT Mr. Gray currently serves as Chairman of the Board of Hilton Worldwide. Tony James, the company’s president, has a stake valued at more than US$850-million. If you don't see it please check your junk folder. Blue/Bloomberg.). Blackstone is one of the world’s leading investment firms. Another passion of the Grays is cancer research. This advertisement has not loaded yet, but your article continues below. In total, he has given over $120 million in his lifetime, primarily to cancer research and health and education in New York City. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the 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. The next issue of Top Stories Newsletter will soon be in your inbox. Jonathan has 4 jobs listed on their profile. “He heads one of our largest and most successful businesses.”. With his wife, Mindy, Gray established the Basser Research Center at the University of Pennsylvania School of Medicine with a US$25-million gift. Mr. Gray and his wife, Mindy, established the Basser Center for BRCA at the University of Pennsylvania School of Medicine focused on the prevention and treatment of BRCA related cancers. 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. 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. There was an error, please provide a valid email address. “That’s very similar to what we like to do here. 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. Comments may take up to an hour for moderation before appearing on the site. 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. However, bulk purchases are becoming rarer. Court Records found View. Read more about cookies here. The company also has agreed to buy 80 apartment properties for about US$2.7-billion in one of its largest forays into the U.S. multifamily market, a person with knowledge of the deal said this month. We encountered an issue signing you up. Jonathan Gray's Reputation Profile. In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. Blackstone, which is seeking to attract more individual investors, also raised almost US$1-billion from Fidelity Investments for its mutual fund that will invest in hedge funds, Fidelity said this month. Jonathan D Gray is President/COO at The Blackstone Group. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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’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. Share to Linkedin (Photo credit: Victor J. Please try again. Jonathan Gray is 50, he's been the President, Chief Operating Officer, and Director of the General Partner of Blackstone Inc since 2018. Criminal or Civil Court records found on Jonathan's Family, Friends, Neighbors, or Classmates View Details. 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. Unauthorized distribution, transmission or republication strictly prohibited. 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He joined Blackstone in 1992. “When we experienced the loss, there really wasn’t a central hub for research around these particular type of cancers,” says Gray, “A lot of families are affected, and we could make lives easier for these families.”, Gray has since donated $30 million more to the Basser Center, and over $25 million to other BRCA-related research, including $1.5 million this June to the Dana Farber Cancer Institute and Harvard Medical School to develop non-surgical alternatives that reduce breast cancer risk for women with BRCA1 mutation. Blackstone | 419,989 followers on LinkedIn. “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. Photos | Summary | Follow. 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