Blackstone’s Baratta and Chae Join the Billionaires Club
- PE head and CFO have total fortunes of at least $2.4 billion
- Blackstone’s share price has tripled in the past five years
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Steve Schwarzman and Jon Gray have long been the public faces of Blackstone Inc.’s billionaire elite, but more of the buyout giant’s top brass are fitting that description these days.
Joseph Baratta and Michael Chae now have fortunes of more than $1 billion each through the world’s largest alternative-asset manager, according to the Bloomberg Billionaires Index, expanding a small group of executives at Wall Street firms joining their founders among the mega-wealthy.