Schwarzman Celebrating 70th Birthday Down the Road From the Winter White House

Steve Schwarzman wants to stay out of the inevitable media glare Saturday night when he gathers with guests at the billionaire’s Four Winds estate in Palm Beach, Florida, to celebrate his 70th birthday.

It’s no wonder. His lavish 60th birthday bash at the Park Avenue Armory in Manhattan became a symbol in the months that followed of Wall Street excess, as the financial crisis began to bite and stocks lurched into a two-year descent that wiped away almost $10 trillion in market value. The New Yorker took a look back a year later in a piece titled, “The Birthday Party: How Stephen Schwarzman became private equity’s designated villain.”