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Schwarzman Muses on Bernie Sanders And Shares Concerns

Stephen Schwarzman listens during an event at the Economic Club of New York on Sept. 18.
Stephen Schwarzman listens during an event at the Economic Club of New York on Sept. 18.Photographer: Bess Adler/Bloomberg
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Last week, Democratic presidential candidate Bernie Sanders proclaimed on Twitter that “billionaires should not exist.”

On Tuesday evening, as billionaire Steve Schwarzman promoted his new book in the Schwarzman Building of the New York Public Library, someone asked him on stage what he thought of that. “I guess maybe Bernie Sanders shouldn’t exist,” Schwarzman quipped, drawing his biggest applause of the evening.