King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone is a book by David Carey and John E. Morris about the co-founder and CEO of Blackstone Group, Steve Schwarzman. The book covers Schwarzman's career and the history of Blackstone, a private equity firm that he co-founded in 1985. The book discusses Schwarzman's early life and career, including his time at Yale University and his first job at Lehman Brothers, as well as the founding and early struggles of Blackstone. It goes on to detail the company's rapid growth and success in the following decades, including its expansion into new areas such as real estate, credit, and hedge funds.
In addition to discussing Schwarzman's business dealings, the book also explores his personal life, including his philanthropic efforts and his relationships with family and friends. It delves into the controversies that have surrounded Schwarzman and Blackstone, including criticism of their business practices and Schwarzman's lavish lifestyle. The book also covers Schwarzman's involvement in various philanthropic and cultural endeavors, including his role as chairman of the board of trustees of the New York Public Library.
Overall, King of Capital is a comprehensive and in-depth look at the life and career of Steve Schwarzman, one of the most successful and influential figures in the financial world. It is a must-read for anyone interested in finance, business, or the inner workings of the private equity industry.
1. Steve Schwarzman is a highly successful and controversial figure in the financial world. He co-founded the private equity firm Blackstone and has played a major role in shaping the industry.
2. Blackstone grew rapidly under Schwarzman's leadership, becoming a dominant player in the private equity and asset management sectors.
3. The financial crisis of 2008 had a significant impact on Blackstone, but the company was able to bounce back and continue its growth.
4. Schwarzman is known for his aggressive and ambitious business style, as well as his lavish lifestyle and controversial statements.
5. The book provides insight into the inner workings of Blackstone and the private equity industry, as well as the challenges and opportunities faced by the company during times of economic upheaval.
King of Capital is a comprehensive and in-depth look at the life and career of Steve Schwarzman, co-founder and CEO of Blackstone Group, one of the world's largest and most successful private equity firms. Written by David Carey and John E. Morris, the book delves into Schwarzman's personal and professional history, exploring his rise from a middle-class background to the top of the financial world.
The book begins by discussing Schwarzman's childhood and early career, including his time at Yale University and his first job at Lehman Brothers. It then goes on to describe the founding of Blackstone in 1985 and the company's early struggles and successes. The book details Blackstone's rapid growth over the following decades, including its expansion into new areas such as real estate, credit, and hedge funds.
In addition to covering Schwarzman's business dealings, King of Capital also explores his personal life, including his philanthropic efforts and his relationships with family and friends. The book also delves into the controversies that have surrounded Schwarzman and Blackstone, including criticism of their business practices and Schwarzman's lavish lifestyle.