Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 478 Jon Gray $5.46B

Random fact: Goes by Jon. Reportedly close friends with Pershing Square's Bill Ackman.


Gray is president and chief operating officer of Blackstone Group, a New York-based alternative asset manager. The publicly traded company manages $915 billion in assets as of March 31, 2022. Gray was global head of the firm's real estate business from 2005 into 2018, building it into a $115 billion asset operation.

As of :
Last change +$109M ( +2.0%)
YTD change +$965M ( +21.5%)
Biggest asset BX US Equity
Country / Region United States
Age 52
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jon Gray's net worth of $5.46B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Gray owns 41 million shares and partnership units in Blackstone Group, according to the 2021 annual report. Most are units that are convertible into common stock on a one-for-one basis, according to the document. Blackstone has $915 billion in assets under management as of March 31, 2022, according to the company's website.

The billionaire has collected more than $1 billion in dividends and compensation since 2011, according to data compiled by Bloomberg. The value of his cash investments is based on an analysis of income, taxes and market performance.

Christine Anderson, a spokeswoman for Blackstone, didn't respond to requests for comment on Gray's net worth.


Family: Married, 4 children

Jonathan Gray was born in 1970 to Chicago entrepreneurs. His father worked in his family business, a maker of auto parts, while his mother ran a catering business, according to a 2011 profile of Gray in the New York Observer.

He graduated magna cum laude from the University of Pennsylvania in 1992, receiving a degree in economics from the Wharton School as well as an English degree at Penn. He joined Blackstone after graduating, working in both the corporate advisory services and private-equity groups.

Gray raised the world's largest private real estate fund with $13.3 billion in 2012. He has led the privatization of public real estate companies valued at more than $100 billion, including Extended Stay America, Carr America, Equity Office Properties and Hilton Hotels. In February 2018, he was promoted to president and COO of Blackstone after 13 years as head of the firm's real estate business.

He serves as a board member of the Pension Real Estate Association and Trinity School and is chairman of the board of Harlem Village Academies.

With his wife, Mindy, Gray established the Basser Research Center at the University of Pennsylvania School of Medicine, which focuses on the prevention and treatment of certain genetically caused breast and ovarian cancers. They have four daughters.

  • 1970 Jonathan D. Gray is born to Chicago entrepreneurs.
  • 1992 Graduates magna cum laude from University of Pennsylvania.
  • 1992 Joins Blackstone, starts building real estate investments.
  • 1994 Blackstone raises $335 million for first real estate fund.
  • 1995 Marries Mindy Basser, a fellow University of Pennsylvania student.
  • 2012 Raises world's largest opportunistic real estate fund.
  • 2012 Joins Blackstone's board of directors.
  • 2018 Assumes role of president and chief operating officer of Blackstone.