King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone by David Carey and John E. Morris is a comprehensive and well-written history of the Blackstone Group, one of the world’s largest private equity firms
The book tells the story of Steve Schwarzman, the firm’s co-founder and CEO, and his rise to power in the world of finance.
The book begins with Schwarzman’s early years, growing up in a wealthy family in New York City. Schwarzman was a brilliant student, and he attended Yale University, where he studied economics.
After graduating from Yale, Schwarzman worked as an investment banker at Lehman Brothers. In 1985, he co-founded Blackstone with Peter Peterson.
Blackstone quickly became one of the most successful private equity firms in the world. The firm made a number of high-profile acquisitions, including the Hilton Hotels Corporation and the Toys “R” Us retail chain. Blackstone also invested heavily in real estate, infrastructure, and other assets.
In the early 2000s, Blackstone went public.
The firm’s stock price soared, and Schwarzman became one of the richest people in the world. However, the financial crisis of 2008 hit Blackstone hard.
The firm’s stock price plummeted, and it was forced to sell off some of its assets.
Blackstone recovered from the financial crisis, and it has continued to grow in the years since. The firm is now one of the most powerful financial institutions in the world. Schwarzman is still CEO of Blackstone, and he is one of the most influential people in the world of finance.
General opinion of King of Capital is that it is a fascinating and well-written book and the authors do a great job of telling the story and that it is full of insights into the world of private equity.
Here are some of the things people like about the book:
- The book is well-researched and well-written. The authors did a great job of tracking down the facts and telling the story in an engaging way.
- The book provides a lot of insights into the world of private equity. I learned a lot about how private equity firms operate and how they make money.
- The book is full of interesting stories about Steve Schwarzman and Blackstone. I found the stories to be both entertaining and informative.
Here are some of the things people didn’t like about the book:
- The book is a bit long. It could have been edited down a bit.
- The book is a bit dry at times. The authors could have done a better job of bringing the story to life.
Overall, the King of Capital is considered a great book and a must-read for anyone interested in finance or business.
