“The authors link Blackstone’s history to the larger story of private equity’s expansion and its relationship to corporate America.” — The Economist
“[T]he book colorfully recounts the busted deals and hotheaded personalities in Blackstone’s rise to the top.” — Fortune
“When I originally thought of private equity and leveraged buyouts I had two images in my head: Richard Gere in Pretty Woman and Michael Douglas in Wall Street. … Now I have another image, Steve Schwarzman in King of Capital. Starting out in the industry not even knowing what a common stock was, Mr Schwarzman’s risk adverse personality and incessant drive for perfection has helped him to build a leading company in the private equity industry. David Carey and John E. Morris do a fantastic job of explaining private equity’s role in society and as well as capture the personalities of the people behind the scenes.” — Peter Murphy, Amazon customer review
** Over 50,000 copies sold in English and over 100,000 copies in the Chinese translation. Also available in Japanese, Korean and Russian editions. **
“Carey and Morris brilliantly lay out the development of the firm through an exploration of its deals – both the successful and the utterly dismal investments – and its investment team….. The book was both entertaining and educational….” MotivStrategies.com
The Blackstone Group was little known outside Wall Street until two events in 2007 catapulted it onto the public stage: the lavish sixtieth birthday party of its CEO Steve Schwarzman and the firm’s IPO a few months later. They advertised to the broader world what Wall Street had long known – that Blackstone had eclipsed better known private equity firms such as KKR and the Carlyle Group, both in size and profits. By then Blackstone owned all or part of fifty-one companies which together employed 500,000 people and raked in $171 million a year in revenue. more . . .