Big Money Mystery: Billionaire dines with top notch financer


Billionaire Khalaf Al Habtoor, Chairman of Al Habtoor Group, met with Steve Schwarzman, Chairman and CEO of Blackstone Group, on February 21, 2012.

The two men discussed business over dinner at the Habtoor Grand Hotel in Dubai, according to a press release issued by Al Habtoor Group. 

Khalaf Al Habtoor ranked 335 among The World’s Richest People on Forbes lists in 2006. He ranked 369 on The World’s Billionaires in 2007. His wealth was estimated at approximately US$2,5 billion in 2011, but it  continues to  grow.

Steve Schwarzman is a billionaire private equity financer and former investment banker. He co-founded the Blackstone Group in 1985 and was listed amongst Time Magazine’s ‘100 Most Influential People in The World’ in 2007.

The Blackstone Group is the world’s largest independent alternative asset management company. Based in the US, it offers investment advice and management services at international level. The company’s Total Assets under Management were valued at $166.2 billion (Dhs610.48 billion) last year.

“The meeting went very well,” commented Al Habtoor afterwards. “Mr Schwarzman is a most interesting man and I think we may well do business together in the future.”

The Blackstone Group International Partners LLP office in Dubai is located at the DIFC’s Gate Village.


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