All the successful entrepreneurs I've met have one thing in common: they all want to talk about their mistakes.

Stephen A. Schwarzman

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Stephen A. Schwarzman

Born in 1947 in Philadelphia, Stephen Schwarzman built experience at Lehman Brothers before co-founding the Blackstone Group with Peter Peterson in 1985. Through private equity, real estate, and credit, he constructed a colossus in alternative asset management whose assets under management have grown to approximately $1 trillion. A dealmaker and institution-builder, he defined the shape of the PE industry.

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