Forbes’ annual billionaires list is out, and 25 of those people made their money in private equity.
Most folks on the private equity list have actually lost money since last year. Blackstone CEO Steve Schwarzman’s net worth dropped from $12 billion last year to $9.5 billion this year.
KKR cofounder George Roberts saw his net worth drop to $4.1 billion from $5.2 last year. His cofounder Henry Kravis’ net worth dropped from $5.2 billion to $4.2 billion.
Last year was a tough comparison year, though. It was the strongest for private equity since the financial crisis.
Brazilian-Swiss businessman Jorge Lemann of 3G Capital topped this year’s list with a net worth of $27.8 billion.
Here are the richest people in the industry.
SEE ALSO: The 42 richest hedge fund managers in the world
Stephen Feinberg
Forbes Rank: 1577
Net-worth: $1.1 billion
Age: 55
Firm: Cerberus Capital Management
Source: Forbes
Urs Wietlisbach
Forbes Rank: 1367
Net-worth: $1.3 billion
Age: 54
Fund: Partners Group
Source: Forbes
Alfred Gantner
Forbes Rank: 1367
Net-worth: $1.3 billion
Age: 47
Firm: Partners Group
Source: Forbes
See the rest of the story at Business Insider
The 25 richest people in private equity
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