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Tagged: Steve Schwarzman

Plastic Surgery

Extreme Makeover: Wall Street Edition!

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Wall Street CEOs make a fortune, as you're undoubtedly aware. Even the chief executives of banks that have been bailed-out by Washington or have gone bust usually end up doing nicely. But despite the riches and perks these men have accumulated and massive egos they've developed along the way, few of them would do all that well in a beauty contest. Because it's high time that Wall Street take advantage of the miracle of modern science—and because we care, dammit—we took the liberty of contacting Dr. Anthony Youn, a board-certified plastic surgeon who has made appearances on Dr. 90210 and the Rachael Ray Show, to ask him what procedures he'd suggest these titans of finance consider if they want to look their very best. Dr. Youn's answers and cost estimates—and our commentary—is below.More

Acquisitions

Congratulations, Steve Schwarzman!

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It looks like someone's Christmas vacation just got a whole lot more exciting:

The Blackstone private equity empire is buying 10 US theme parks, including SeaWorld tourist attractions in Florida and California, for $2.7bn from brewer Anheuser-Busch InBev in a deal building the buyout group into one of the world's top investors in amusement destinations. Blackstone, run by the Wall Street billionaire Stephen Schwarzman, already owns Merlin Entertainment, which runs Madame Tussauds, Legoland and the London Eye.

Blackstone buys into the world of American theme parks [Guardian]

Buyers & Sellers

Schwarzman Cuts Price, Bundchen Re-Lists Penthouse

145258• That was quick. Steve Schwarzman, the billionaire Blackstone Group co-founder who listed his former digs in East Hampton last month for $7.2 million, has already dropped the price. The home is now listed for $6.75 million. [Curbed, BHS]
Gisele Bundchen isn't just trying to sell her Barrow Street townhouse. The supermodel and mom-to-be has also re-listed her triplex penthouse at 347 West 11th Street, which has been on and off the market for two years now. The 1,700-square-foot apartment, which hit the market for $10.9 million back in 2007, is now listed with PDE's Raphael De Niro for $4.5 million. [NYT, PDE]More

Buyers & Sellers

The Schwarzmans List Their (Old) Hamptons House

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• Blackstone Group co-founder Steve Schwarzman and his wife Christine have put their East Hampton home on the market. The 2.1-acre property, which the couple purchased for $2.3 million in 1996, is listed for $7.2 million. The couple will hardly be homeless if and when they sell it. The Schwarzmans are finishing up construction work on the much larger estate in Water Mill they agreed to buy in 2005 for $34 million. [WSJ, BHS]
• Developer Bruce Ratner has sold his 4,500-square-foot home in Montauk to art dealer David Zwirner for $10 million. He's reportedly looking for a "less pricey" estate in Quogue. [NYP]
• Actress Molly Shannon has sold her apartment at 66 Ninth Avenue for $2.61 million. The three-bedroom pad, which Shannon bought for $1.6 million in 2003, had been listed most recently for $2.85 million. [Real Deal]More

Gossip

The Penns Split (Again), Leighton Makes a Scene

144323• Remember how Sean Penn and Robin Wright Penn said they were divorcing a few months ago, but then changed their minds and announced they were getting back together? Yea, well, they're divorcing again. [P6, People]
• ESPN's Erin Andrews, the reporter who was filmed in the nude without her consent a few weeks back, can be seen in a new set of "dirty" photos. This time it was intentional, though. [NYDN]
• Celine Dion and the man she calls her husband (but who we always confuse with her grandfather for some reason) are expecting their second child. [OK]
• Leighton Meester was shouting and carrying on with her friends at Philippe in East Hampton last weekend, much to the annoyance of other diners present like NBC chief Jeff Zucker and billionaire Steve Schwarzman. [P6]More

Billionaires

It's Good to Be King (Again)

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Blackstone's Stephen Schwarzman Tops Best-Paid Chiefs [Bloomberg]
Steve Schwarzman [Twitter]

Billionaires

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Steve Schwarzman Can't Keep Himself From Celebrating | Page Six reported yesterday that Steve Schwarzman was spotted living it up in St. Tropez, "staying cool at the VIP Room" while "his wife, Christine, and two blond friends, Michelle Herbert and Gina de Franco, danced together like the Pussycat Dolls." If you took the revelry as a tip off that Schwarzman's Blackstone Group is planning to share good news when the private equity giant releases quarterly earnings on Thursday, you may not have been the only one. Blackstone shares were up 21 percent today, "a surge that one options analyst attributed to investors buying on speculation that upcoming earnings would be better than expected." [Page Six, Reuters]

Moguls

Andrew Farkas Celebrates Excess, Saves Marriages

141924Some people are toning things down because of the recession. Then there's Andrew Farkas, the real estate heir and yaching aficionado who purchased the Montauk Yacht Club in 2007 and has since presided over a multi-million-dollar renovation of the property. Farkas is hoping "to lure the mega-yacht crowd into his slips and turn his club into a nightlife destination," reports Vanity Fair's Jessica Flint, and to drum up interest in the M.Y.C.—as well as celebrate the club's 80th anniversary and his own birthday—Farkas hosted a Great Gatsby–themed party last weekend: More

Art

Art Basel Defies Economy For At Least One Day

141703Based on the VIP preview yesterday and the early round of sales today, it looks like Art Basel is not, repeat not, going to tank thanks to the craphole global economy. The Art Newspaper reports that spirits are high, big-name buyers such as Steve Schwarzman, Wilbur Ross, and Eli Broad are all on hand and ready to buy, and the art is the best it's been all year. "I'm not saying the bull market is back," says Sandy Heller, the art adviser who caters to art-collecting tycoons like hedge funder Steve Cohen. "But I'm saying the art market needed a good fair and this is it." Heck, Brad Pitt dropped a mil on a Neo Rauch painting yesterday.More

Children of Privilege

A Greek Tragedy for the Peterson Family

141526Plenty of reality programs promise to show us how the rich and powerful live their lives. Very few actually end up doing that, of course. The women featured on the Real Housewives of NYC weren't part of the city's social elite before they humiliated themselves on national television—nor were they all housewives either—so they had little to lose in the end. That will change, though, when Bravo's NYC Prep, or the "real-life Gossip Girl," as Bravo has been billing it, debuts on June 23. One of the obnoxious, over-privileged teens featured on the show—the one who comes off in the worst possible light, in fact—hails from one of the city's richest and most respected families. Meet Peter Carey ("PC") Peterson, the grandson of Pete PetersonMore

Roundup

Wall Street: Thursday Morning

• Bank of America chief Ken Lewis and several federal officials will be asked to testify under oath as part of an investigation into whether BofA was pressured by the government into completing its deal with Merrill Lynch. [WSJ]
• The stress test tally thus far: Of the 19 big banks under review, six don't need to raise capital, seven others need to come up with some cash, and it remains to be seen what category the other six will fall into. [WSJ]
• General Motors, which faces a June 1 deadline to sort out its troubles or file for bankruptcy, reported a $6 billion loss for the first quarter. [NYT]
• The number of people filing initial claims for unemployment benefits fell last week, and to their lowest level in more than 3 months, too. [CNN]More

The Circuit

The Wednesday Party Report

139946Michelle Obama was the main attraction at Time magazine's sixth annual 100 "most influential" ceremony at Lincoln Center last night. She was joined by a predictably massive group of A-listers, including Oprah, Harvey Weinstein, Mort Zuckerman, Steve Schwarzman, Jeff Bewkes, Diane Sawyer, Barbara Walters, Whoopi Goldberg, Joy Behar, Carine Roitfeld, Gayle King, Stella McCartney, Claire Danes and Hugh Dancy, Kate Hudson, Liv Tyler, Jay Leno, Lorne Michaels, Jimmy Fallon and Nancy Juvonen, Charlie Rose, David Lauren and Lauren Bush, Ann Coulter, Suze Orman, Arianna Huffington, Kate Betts, Andy Serwer, Paul Krugman, Vivi Nevo and Ziyi Zhang, Andrea Mitchell, Chris Matthews ... More

Moguls

Steve Schwarzman Falls Further

139945Oh, how the mighty have fallen. Time magazine celebrated the release of its "100 most influential" list last night, a gathering that attracted plenty of rich finance-y types a year ago, back when saying you worked at a hedge fund or investment bank didn't have the reputational value of saying you spent your day repossessing cars or running a funeral home. The financial meltdown translated into a slightly different guest list and seating plan this time around, not surprisingly. Hedge fund billionaire Steve Cohen, who graciously stood on the red carpet last year and even permitted a photographer to take his picture (not that he smiled or anything), wasn't even invited. And while billionaire financier Steve Schwarzman did make the invite list—and turned out for the ceremony—he probably should have just stayed at home.

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Roundup

Wall Street: Wednesday Morning

• Bank of America chief Ken Lewis won't be in a good mood today, that's for sure. Regulators have informed the bank that it will have to come up with $34 billion in new capital if it expects to weather the downturn. [WSJ, NYT]
• For its part, Citigroup may have to come up with $5-$10 billion. [Reuters]
• Remember all the outrage that followed the disclosure that AIG had paid out more than $100 million in bonuses? It seems the bonus pool was four times larger than previously anticipated. Oh, well. [NYP]
• Companies cut an estimated 491,000 workers in April, which is less than previous months and possibly a sign that the worst is over. [BN] More

The Circuit

The Friday Party Report

139198The New Yorkers for Children benefit attracted a predictably star-studded crowd to the Mandarin Oriental on Wednesday night. In addition to Zac Posen and Coco Rocha in matching ensembles, guests included Josh Hartnett, Emmy Rossum, Andre Balazs, Christine and Steve Schwarzman, Rachel Roy, Rachel Zoe, Topper and Tinsley Mortimer, Lucy Sykes Rellie and husband Euan Rellie, Andres and Lauren Santo Domingo, Alexis Bryan, Fabiola Beracasa, Gillian Hearst Simonds, Diane Kruger and Joshua Jackson, Gillian and Sylvester Miniter, Olivia Palermo ...More