Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. The oldest executive at Blackstone Group Inc (The) is Brian Mulroney , 81, who is the Independent Director of the General Partner. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. Major holdings include Hilton Worldwide, Equity Office Properties, Invitation Homes, Logicor, and the leading owner of office space in India. In 2008, Gray led the firm's efforts in establishing Blackstone Real Estate Debt Strategies (BREDS), provider of high yield debt capital. [37], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. There are 12 older and 2 younger executives at Blackstone Inc. in English from the School of Arts & Sciences and a B.S. Gray immediately flipped hundreds of buildings in the portfolio for $30 billion just before the market crashed -- and put in just 50% of the equity for the properties he retained, In 2016, he ranked #1 on Commercial Observer's "Power 100" ranking of the most powerful people in New York City real estate.[14]. To Mr. Schwarzman, the notion appeared absurd. Jonathan Gray (Blackstone), Keynote Speaker | Wharton MBA Graduation 2019, Steers Center for Global Real Estate 2015 Luminaries Event: A Conversation with Jonathan Gray, 2016 Real Estate Impact Conference - Keynote Session: Jon Gray. [18] Invitation Homes, with help from the federal government, became the largest single-family home rental company in the country. [11] Gray currently serves as Chairman of the Board of Hilton Worldwide, which went public in December 2013. You could also do it yourself at any point in time. Discover the real story, facts, and details of Jonathan D. Gray. Senior Managing Director, Blackstone ... Blackstone. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. With an unrivalled amount of dry powder to invest in Europe he now has the position and firepower to further cement his reputation and oversee the strategies … In 2016, newly elected President Donald Trump discussed appointing Gray to be his Treasury Secretary. Blackstone has raised $96bn in the last five years, $35bn more than second-placed Carlyle. [38] He lives in Manhattan with his wife and their four daughters, Margo, Emma, Stella, and Tess. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the call. Mayor Rahm Emanuel and Blackstone’s Jon Gray also announced the Blackstone Inclusive Entrepreneurship Challenge, a three-year pilot program that will award up to $3.4 million in grants to innovative organizations that effectively recruit and support diverse entrepreneurs and scale start-ups in the Chicago area. [28], Gray serves on the board of The Trinity School, as well as on the board of Harlem Village Academies,[29] a group of charter schools in New York City. Now 72, Schwarzman takes an active role in … Jonathan D. Gray is a member of famous people who are known for being a Entrepreneur, celebrities who are 50 years old, was born in February, in the year 1970.His zodiac sign is Aquarius. [12] Gray was named in Fortune's "40 under 40,"[13] in 2009. making the deal one of the smartest of the era. He was made co-head of the real estate group in 2005 and named global head of real estate in 2011. [2] He also serves as chairman of Hilton Worldwide.[3]. He also serves as chairman of Hilton Worldwide. That's it. Jon Gray Blackstone Barry S. Sternlicht Starwood Capital Group 4:30 PM Exploring Growth vs. Value Moderator: Cliff Asness AQR Capital Management David Einhorn Greenlight Capital, Inc. Lee S. Ainslie III Maverick Capital 5:00 PM Fireside Chat Ken Griffin Citadel Paul Tudor Jones II Tudor Investment Corporation 5:30 PM Conference Day 1 Ends Would you like Wikipedia to always look as professional and up-to-date? [31] This donation also established the Basser Global Prize,[32] honoring cutting-edge cancer research. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the Mindy Gray is the Co-Founder of the Gray Foundation. your password [17] Gray went on the âbiggest home buying spree in historyâ after the foreclosure crisis, spending $10 billion in the company's first four years. Born in Highland Park, Illinois. [6] His parents divorced when he was young. Jonathan Gray, C'92, W'92 President & Chief Operating Officer, Blackstone Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. He is also the Global Head of Real Estate and a member of the board of directors of Blackstone, as well as the firm’s Management Committee. Note: To be eligible for Fortune's 40 under 40, candidates had to be 39 or younger on Nov. 1, 2009. 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 … Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. Finance that Jon Gray (above) was part of the private equity giant's succession plan. Welcome! BlackStone Group LP ... the 2010s as the golden age for private market just given the supportive market backdrop and significant growth in the asset class. Gray recently donated $10 million to purchase a building in northern Manhattan which will serve as the organization's second elementary school. Jonathan Gray Senior Managing Director, Blackstone. Gray now has $12 billion to invest, more dry powder than any other firm.Sports allegiance: "Rabid" Cubs fan is warming to the Yankees.NEXT: Jason Kilar, Paste this link into your favorite RSS desktop reader. admin January 19, 2021 No Comments. [19] Blackstone prioritized buying homes in good school districts expecting that renters would âmore readily accept rent hikes to avoid moving.â Gray caused damaging structural change to the housing market with the large-scale flipping of single-family homes into rentals--effectively preventing millions of familiesâ chance to build wealth after the financial crisis and significantly decreasing the stock of affordable housing in the United States. See Jonathan D Gray's compensation, career history, education, & memberships. In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group,[6] and was offered a position in the company's newly formed real estate private equity group shortly thereafter. Blackstone Group's chairman has made clear to senior executives that 43-year-old real-estate specialist Jonathan Gray is the front-runner should the current president depart within the next few years. "Blackstone Reports Record Year : Jonathan Gray's Real Estate Group Chips In 60% Of The Profits â Jewish Business News", "The Top 3 MLPs With 5%-Plus Yields (That Have Nothing To Do With Oil And Gas)", "Blackstone Group Raises â¬7.8 Billion for European Property Fund", "Blackstone Gets $15.8 Billion for Biggest Ever Real Estate Fund", "Investment strategy: The new property barons", "Blackstone's Hilton Deal: Best Leveraged Buyout Ever - Bloomberg", "40 under 40 - Jonathan Gray (7) - FORTUNE", "Trump Said to Discuss Treasury Post With Blackstone's Gray", "Blackstone's Homegrown Dealmaker Finally Makes It to the Top", "Blackstone Exits Single-Family Rental Bet Slammed by Warren", "Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes", "Denmark to Change Law to Stop Blackstone Rent Hikes", "Warren CAlls Out Blackstone for "Shameless" Profies From Housing", "Blackstone Moves Out of Rental-Home Wager With a Big Gain", "The Wallets of Wall Street Are With Joe Biden, if Not the Hearts", "Private-Equity Leaders Place Their Presidential Bets", "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties", "Joe Biden to host more than 250 donors from Wall Street, big business at NYC fundraisers â here's the guest list", "Basser Center for BRCA â Abramson Cancer Center", "Blackstone's Gray Becomes Billionaire Amid Property Wager", "The 2013 Basser Global Prize - Bassser Research Center for BRCA -Penn Medicine", "Penn Medicine's Basser Research Center for BRCA Announces Additional $5 Million Gift from Mindy and Jon Gray to Fund External Research Grant Program", "The T&C 50: The Top Philanthropists of 2016", "New York Seeks to Jump-Start College Savings by Giving Cash to Kindergartners' Parents", "Blackstone's Gray Gives $21 Million to Hit Cancer Close to Home", "Blackstone President Jonathan Gray Donates $25 Million To Tackle Deadly Breast Cancer Gene", "WEDDINGS - Mindy Basser, Jonathan D. Gray", Mindy Basser Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. We have created a browser extension. Gray, 48, has run the firm's global real estate group since 2005. Jon Gray is the Co-Founder of the Gray Foundation. ... Jonathan Gray-- … The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. She was named Blackstone’s co-head of real estate, alongside fellow co-head Ken Caplan, after their boss, Jon Gray, became the firm’s president and chief operating officer in February. Marital status: Married . Mr. Schwarzman, who at 74 is the same age as Mr. Trump, also used his deal-making skills when there was no clear benefit to Blackstone. The Danish Housing Minister called for the need for tighter regulations on Blackstone after the firm saw âan opportunity to push people out of their homes to get fast returns.â[20] Elizabeth Warren has criticized Blackstone for shamelessly profiting from the 2008 housing crisis. [citation needed], In May 2012, Gray and his wife, Mindy Gray, founded the Basser Research Center,[30] named in honor of Mindy's sister, Faith Basser, who died of ovarian cancer at age 44. And both like to be in the thick of things. [4][5] His father Allen Gray was an investment adviser and owned a small auto parts manufacturer on the West Side of Chicago (coincidentally named Blackstone Manufacturing); his mother Susan, remarried to his stepfather James Florsheim, ran a catering business. In 2013, BREDS launched Blackstone Mortgage Trust (BXMT) to provide first mortgage debt capital to real estate borrowers. Blackstone Group Inc. has hired Joe Dowling, the former chief executive of Brown University's endowment, as co-head of its $78 billion hedge … To install click the Add extension button. [36], In July 2019, it was announced that the Grays would donate a further $25 million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. BLACKSTONE CHARITABLE FOUNDATION. 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, president and chief operating officer of the Blackstone Group Inc., said he expects that over time people will return to office buildings. from the Wharton School. Go to next page for details on Jonathan D. Gray’s net worth and earnings. [23] Gray withdrew his name from consideration and Steven Mnuchin was eventually nominated and confirmed as the Treasury Secretary. Jonathan Gray is known for making big bets and being kind of a nice guy. [33] Town & Country (magazine) noted this work in its "Top Philanthropists of 2016" feature, in which the Grays were included. The 45-year-old Gray joined Blackstone in 1992 and became the global head of real estate in 2011. Children. In an episode of “Talks at GS,” Jon Gray joins Alison Mass, Chairman of Goldman Sachs’ Investment Banking Division, for a discussion about the themes driving Blackstone’s investment approach. Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. Blackstone’s Schwarzman Stays Loyal to Trump. Like his mentor Jon Gray, Seppala has been tipped for a role at the top table of Blackstone from an early age. your username. It’s run by Steve Schwarzman who founded the firm in 1985 at the age of 37, with Jonathan Gray as President and chief operating officer. (m.1995). 4. [15], In February 2018, it was announced that Gray would become president and chief operating officer of Blackstone, replacing Hamilton "Tony" James. There's less and less distressed housing," said Jonathan Gray, Blackstone's global head of real estate. Explore Jonathan D. Gray's biography, personal life, family and real age. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. Private-equity giant Blackstone Group has promoted Jonathan Gray to replace Tony James as COO. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the call. But Gray, who heads up the Blackstone Group’s real estate division, is a far newer member of the billionaires’ club. Age: 39 Marital status: Married Highest Education: Bachelor's degree The native Chicagoan went straight to Blackstone from Wharton in 1992 and fast became a star in its real estate division, best known for the $39 billion purchase of Equity Office Properties in 2006. [34], In November 2016, The New York Times reported on a $10 million donation from the Grays to finance a pilot program that creates college savings accounts for thousands of New York City public school kindergartners. In addition, BREIT will purchase $150 million in MGP Class A shares. [10], As global head of real estate, Gray oversees a diverse portfolio including hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. [31], In 2016, Gray was named to Vanity Fair's "New Establishment" list.[39]. Log into your account. Stone. [21] Blackstone sold the last of its Invitation stake in late 2019 for a total reward of about $7 billion.[22]. Age: 39 . Jonathan D Gray is President/COO at The Blackstone Group. (PRESS RELEASE) -- MGM Growth Properties and Blackstone Real Estate Income Trust today announced that MGP and BREIT have entered into a definitive agreement to form a new joint venture to acquire the Las Vegas real estate assets of the MGM Grand Hotel & Casino Las Vegas and Mandalay Bay Resort and Casino for $4.6 billion. [24][25][26][27], The Gray Foundation was launched in 2014 with two distinct missions: Accelerating research, improving treatment and raising awareness for individuals who have inherited BRCA mutations; and maximizing access to education, healthcare and opportunity for low-income youth in New York City. She is the Chair of the Basser Leadership Council and serves on the boards of the University of Pennsylvania School of Medicine and NYC Kids RISE. More recently, Gray has been a major Democratic supporter, including his backing of several Democratic presidential candidates in the 2020 election. [citation needed], Today, Blackstone's real estate business is the largest opportunistic real estate investment manager in the world with $111 billion[7] of investor capital under management,[8] which includes a $16 billion global real estate fund and a $9 billion[9] European fund. The Grays donated $25 million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. In January 2014, the Basser Research Center announced an additional $5 million gift from the couple to fund an external research grant program. I use WIKI 2 every day and almost forgot how the original Wikipedia looks like. He also serves as chairman of Hilton Worldwide. [35] In May 2017, the Grays announced they would be donating $21 million to the Basser Center for BRCA at the University of Pennsylvania, bringing their total pledges to the initiative to $55 million. 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. Blackstone's investment in Hilton was profiled in a September 2014 Bloomberg Businessweek cover story. [16], After the 2008 financial crisis, Gray created a business venture through Blackstone called Invitation Homes to buy foreclosed single-family houses and turn them into rentals. [6] In August 2013, Bloomberg estimated his net worth at just over $1.0 billion due to his owning 40.6 million Blackstone shares valued at $913 million combined with over $120 million in bonuses and salary. Congratulations on this excellent venture⦠what a great idea! [6] In 1992, Gray graduated from the University of Pennsylvania (Penn) magna cum laude with a B.A. ... (Jon Gray, Blackstone’s president and a … In November 2016, it was reported that Gray was under consideration as Treasury Secretary for the incoming presidential administration of Donald Trump. 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