Blackstone’s Schwarzman Stays Loyal to Trump. Would you like Wikipedia to always look as professional and up-to-date? 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. In November 2016, it was reported that Gray was under consideration as Treasury Secretary for the incoming presidential administration of Donald Trump. That's it. Private-equity giant Blackstone Group has promoted Jonathan Gray to replace Tony James as COO. [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. 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 Group Inc. has hired Joe Dowling, the former chief executive of Brown University's endowment, as co-head of its $78 billion hedge … Go to next page for details on Jonathan D. Gray’s net worth and earnings. [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. To Mr. Schwarzman, the notion appeared absurd. [11] Gray currently serves as Chairman of the Board of Hilton Worldwide, which went public in December 2013. Gray, 48, has run the firm's global real estate group since 2005. 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. [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. In 2008, Gray led the firm's efforts in establishing Blackstone Real Estate Debt Strategies (BREDS), provider of high yield debt capital. ... Jonathan Gray-- … [6] In 1992, Gray graduated from the University of Pennsylvania (Penn) magna cum laude with a B.A. Mr. Gray previously served as the firm’s Global Head of Real Estate, which he helped to build into the largest real estate platform […] [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. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the He also serves as chairman of Hilton Worldwide. Jonathan Gray is 50, he's been the President, Chief Operating Officer, and Director of the General Partner of Blackstone Inc since 2018. See Jonathan D Gray's compensation, career history, education, & memberships. He also serves as chairman of Hilton Worldwide . 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 … Blackstone has raised $96bn in the last five years, $35bn more than second-placed Carlyle. 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, (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. [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. your password [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. To install click the Add extension button. Jonathan Gray. making the deal one of the smartest of the era. admin January 19, 2021 No Comments. 4. The 45-year-old Gray joined Blackstone in 1992 and became the global head of real estate in 2011. He sits on its Management Committee and most of its investment committees. "Blackstone Reports Record Year : Jonathan Gray's Real Estate Group Chips In 60% Of The Profits – Jewish Business News", "The Top 3 MLPs With 5%-Plus Yields (That Have Nothing To Do With Oil And Gas)", "Blackstone Group Raises €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 – here's the guest list", "Basser Center for BRCA – 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 Note: To be eligible for Fortune's 40 under 40, candidates had to be 39 or younger on Nov. 1, 2009. BLACKSTONE CHARITABLE FOUNDATION. Like his mentor Jon Gray, Seppala has been tipped for a role at the top table of Blackstone from an early age. [15], In February 2018, it was announced that Gray would become president and chief operating officer of Blackstone, replacing Hamilton "Tony" James. 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. [31] This donation also established the Basser Global Prize,[32] honoring cutting-edge cancer research. [23] Gray withdrew his name from consideration and Steven Mnuchin was eventually nominated and confirmed as the Treasury Secretary. You could also do it yourself at any point in time. Senior Managing Director, Blackstone ... Blackstone. [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. [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. Jonathan D Gray is President/COO at The Blackstone Group. [38] He lives in Manhattan with his wife and their four daughters, Margo, Emma, Stella, and Tess. 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. 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. Now 72, Schwarzman takes an active role in … Finance that Jon Gray (above) was part of the private equity giant's succession plan. He also serves as chairman of Hilton Worldwide. Welcome! [17] Gray went on the “biggest home buying spree in history” after the foreclosure crisis, spending $10 billion in the company's first four years. To Mr. Schwarzman, the notion appeared absurd. 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. [12] Gray was named in Fortune's "40 under 40,"[13] in 2009. Born in Highland Park, Illinois. [2] He also serves as chairman of Hilton Worldwide.[3]. [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. your username. Gray recently donated $10 million to purchase a building in northern Manhattan which will serve as the organization's second elementary school. [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. Stone. [18] Invitation Homes, with help from the federal government, became the largest single-family home rental company in the country. Discover the real story, facts, and details of Jonathan D. Gray. [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. Jon Gray is the Co-Founder of the Gray Foundation. [6] He was elected Phi Beta Kappa. To Mr. Schwarzman, the notion appeared absurd. In 2016, newly elected President Donald Trump discussed appointing Gray to be his Treasury Secretary. And both like to be in the thick of things. 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. [31], In 2016, Gray was named to Vanity Fair's "New Establishment" list.[39]. 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 … Mindy Gray is the Co-Founder of the Gray Foundation. The oldest executive at Blackstone Group Inc (The) is Brian Mulroney , 81, who is the Independent Director of the General Partner. in English from the School of Arts & Sciences and a B.S. Jonathan Gray, president and chief operating officer of the Blackstone Group Inc., said he expects that over time people will return to office buildings. 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. There are 12 older and 2 younger executives at Blackstone Inc. More recently, Gray has been a major Democratic supporter, including his backing of several Democratic presidential candidates in the 2020 election. Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. (m.1995). In January 2014, the Basser Research Center announced an additional $5 million gift from the couple to fund an external research grant program. He was made co-head of the real estate group in 2005 and named global head of real estate in 2011. [19] Blackstone prioritized buying homes in good school districts expecting that renters would “more readily accept rent hikes to avoid moving.” Gray caused damaging structural change to the housing market with the large-scale flipping of single-family homes into rentals--effectively preventing millions of families’ chance to build wealth after the financial crisis and significantly decreasing the stock of affordable housing in the United States. 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