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. Blackstone | 419,989 followers on LinkedIn. Other executives include Stephen A. Schwarzman, Chairman, CEO & Co-Founder; Jonathan Gray, President, COO and 34 others. Jonathan has 5 jobs listed on their profile. Find a theme we believe in, hire a talented management team and go all in,” Gray says. See the full leadership team at Craft. He also serves on the board of Harlem Village Academies. 12:36 Tue, Jul 9 2013 10:32 AM EDT 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.” 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. Blue/Bloomberg.). 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. Comments may take up to an hour for moderation before appearing on the site. Blackstone is one of the world’s leading investment firms. How one Blackstone exec became a billionaire at 43, tap here to see other videos from our team. ... put downward pressure on cap rates for stable assets,” Blackstone President Jon Gray said ... Facebook Twitter LinkedIn Feedback. 150 N. Michigan Ave. Chicago, IL 60601 E-mail our editor (312) 649-5200. 2 man, he started to focus on low-income kids in his adopted home city. See Jonathan D Gray's compensation, career history, education, & memberships. 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. 49 on Forbes’ America’s Top 50 Givers list, having doled out $23 million in charitable donations in 2017. Gray graduated magna cum laude from Penn with bachelor’s degrees in economics and English. Mr. Gray currently serves as Chairman of the Board of Hilton Worldwide. However, bulk purchases are becoming rarer. Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. View the profiles of professionals named "Jonathan Gray" on LinkedIn. Gray is the fourth billionaire to be minted at Blackstone. I’m a believer in the state of Florida. Jonathan Gray is 50, he's been the President, Chief Operating Officer, and Director of the General Partner of Blackstone Inc since 2018. “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. “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. 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. Shortly thereafter, Gray received an offer to work as an analyst at Blackstone, which started as a boutique M&A advisory business in 1985. View Jonathan Gray’s profile on LinkedIn, the world’s largest professional community. So far, more than 3,000 kids have participated, and the program will include 10,000 students by the end of the pilot. (Photo credit: Victor J. 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. In total, he has given over $120 million in his lifetime, primarily to cancer research and health and education in New York City. 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. 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. 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. 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. Blackstone Group's Executive Vice Chairman is Hamilton E. James. “I love to be a high conviction investor. Jonathan has 4 jobs listed on their profile. The oldest executive at Blackstone Group Inc (The) is Brian Mulroney , 81, who is the Independent Director of the General Partner. 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. This is Me - Control Profile. “He heads one of our largest and most successful businesses.”. Jonathan Gray's Reputation Profile. The company was started in 1985 by Schwarzman and Peter G. Peterson, who left the company in 2008 to pursue philanthropic causes. 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. 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. View Photos. “I’m a believer in Miami. Blue/Bloomberg.) He debuts at No. 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. 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. 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. 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. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. 30 Profile Searches Follow. He’s sold stock valued at almost US$200-million since Blackstone’s 2007 initial public offering. 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. Billionaire Under Trump’s Presidency, How Isabel Dos Santos, Once Africa’s Richest Woman, Went Broke, The Forbes Billionaires’ List: Africa’s Richest People 2021, Already Struggling, Trump’s European Properties Lost More Than 60% Of Revenue Last Year, Sales At Trump National Doral Dropped At Least $33 Million Last Year, Revenue At Trump’s D.C. Hotel Plunged More Than 60% Last Year, Biden Energy Nominee Holds Energy Investments, Including Interest In Electric Vehicle Company Set To Go Public This Year. Jonathan Gray at The Blackstone Group, L.P. The 'very private' Jonathan Gray is the latest billionaire to emerge from the world’s largest manager of private equity and property. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. View Jonathan Gray’s profile on LinkedIn, the world’s largest professional community. Tony James, the company’s president, has a stake valued at more than US$850-million. With his wife, Mindy, Gray established the Basser Research Center at the University of Pennsylvania School of Medicine with a US$25-million gift. Schwarzman has a net worth of US$8.1-billion and is the world’s 151st richest person, according to the Bloomberg Billionaires Index. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Gray is also investing a US$13.3-billion real estate fund, which is the largest opportunistic property fund ever raised. The center focuses on the prevention and treatment of certain genetically caused breast and ovarian cancers. © 2021 Financial Post, a division of Postmedia Network Inc. All rights reserved. “I really wanted to help kids to aspire to get to college, because it was so formative in my own life,” explains Gray. 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. If you don't see it please check your junk folder. Blackstone's Jonathan Gray on private equity and real estate 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. We ask you to keep your comments relevant and respectful. “Jon lives a very private life,” said Peter Rose, Blackstone’s spokesman, who said Gray declined to comment for the story. Another passion of the Grays is cancer research. Mindy’s older sister, Faith Basser, had a BRCA1 mutation -- the Angelina Jolie gene mutation -- and passed away from ovarian cancer at age 44. Here's how Blackstone sees the crisis unfolding. Please try again. “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. There are 700+ professionals named "Jonathan Gray", who use LinkedIn to exchange information, ideas, and opportunities. 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. 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. Read more about cookies here. All Rights Reserved, This is a BETA experience. See the complete profile on LinkedIn and discover Jonathan’s connections and jobs at similar companies. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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. 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! The Bloomberg Billionaires Index takes measure of the world’s wealthiest people based on market and economic changes and Bloomberg News reporting. See full coverage of America's Top 50 Givers. 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. 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. Photos | Summary | Follow. 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. 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 … Jonathan Gray, Blackstone's real estate boss, ... LinkedIn Facebook Twitter Instagram Contact Us. Email me at jwang@forbes.com, © 2021 Forbes Media LLC. 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. 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 … But his accomplishments are not only in business; Gray is also making his mark in philanthropy. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Unauthorized distribution, transmission or republication strictly prohibited. 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. Jonathan Gray, 33 Blackstone, VA. We encountered an issue signing you up. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the 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. The next issue of Top Stories Newsletter will soon be in your inbox. Court Records found View. 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. “That’s very similar to what we like to do here. See the complete profile on LinkedIn and discover Jonathan’s connections and jobs at similar companies. 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