BX - Playing Real-Life Monopoly With Blackstone
2024-07-22 04:27:49 ET
Summary
- Blackstone is the largest private equity company globally, with CEO Stephen Schwarzman earning a significant income.
- The company has seen significant growth in various sectors, including real estate, private wealth management, and infrastructure, with a focus on AI and renewable energy.
- Blackstone has a strong financial position, with impressive fee-related earnings, AUM growth, and dividend payments.
Introduction
If you ever played Monopoly, you probably know there's a point in the game where you know it's game over. Once someone has bought enough hotels, it's over for the others. The moment someone has enough cash flow, they become invincible, capable of withstanding any "rent" charges, and able to buy any property that's for sale.
Although the real world is very different from the Monopoly game, it feels like the Blackstone Inc. ( BX ) figured out how to get ahead many years ago, as it has turned into the largest private equity company in the world....
Playing Real-Life Monopoly With Blackstone