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A fourth, Howard Schultz, flirted with the idea. The investors largest expenditure ahead of the 2020 election was the $6.5 million he gave to the pro-GOP Senate Leadership Fund. The economist is married to Christine Mularchuk Hearst , his starsign is Aquarius and he is now 76 years of age. The job puts him at the hub of the Washington social scene and traditionally serves as an entree into town. New York, NY. In addition to Schwarzman, other notable beneficiaries of the award include Walt Disney, Bono, Nelson Mandela and Dwight D. Eisenhower. economy. As the founding CEO and chair of the Blackstone Group (the worlds largest buyout firm), Stephen Schwarzman ranks as one of the worlds richest and most controversial figures. [63][64], In October 2020, Schwarzman pledged to give $8 million to the USA Track and Field Foundation in the runup to the 2021 Tokyo and 2024 Paris Olympics.[65]. Who cares? [31], He endorsed and fundraised for Mitt Romney in 2012. He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson, former chairman and CEO of Lehman Brothers and US Secretary of Commerce under President Richard Nixon. That did not happen until after Mr. Trump won the election, at which point Mr. Schwarzman agreed to come aboard his team of business advisers and began raising money for his re-election. In June, Schwarzman completed Blackstones $4.75 billion initial public offering, the largest so far this year. Hes a killer (figuratively speaking), 19. The former intellectual property lawyer was married to publishing heir. Christine wasn't born rich-she's the daughter of a NYC firefighter-but she has a knack for marrying the extremely wealthy. In 2007, the Blackstone Group went public, and Mr. Schwarzman earned hundreds of millions of dollars through the I.P.O. These Are The 10 Best-Paid Television Stars In The World. The date of birth of Stephen Schwarzman is 14-feb-47. When his company, Blackstone Group went public in 2006, it revealed that Stephen had earned about $ 398.3 million in fiscal 2006. They also funneled more than $8 million into committees supporting Joe Biden. The Schwarzman's are well known spendthrifts, and much to the great discomfort of everyone else, spend absurd amounts of money on birthday parties, lavish homes, and stone crabs. And obnoxious questions followed about which cost more, the party the couple was waltzing into or the one theyd recently held in Palm Beach, Fla., in honor of Mr. Schwarzmans 70th birthday. A lot of celebrities do not know what to do with their money anymore in 2022. The title entailed raising at least $100,000 for the 2004 campaign. Schwarz is German and Yiddish for black, while Peter (as in, Pete Peterson, co-founder of the company) is Greek for stone. What is Stephen Schwarzman's net worth and salary? According to Forbes, he had a net worth of $12.4 billion as of August 2018, increasing to $19 billion as of October 2020. Occasionally, Schwarzman has gone off message. After Mr. Peterson lost control of Lehman in 1984 and left the company, Mr. Schwarzman was behind the putsch that drove their enemies from power. 7) at the State University of New York at Stony Brook, Laufer joined his colleague at Renaissance Technologies, the hedge fund Simons founded. They also bankrolled a super-PAC called Citizens for Free Enterprise with $7.8 million in contributions. Tags: CEO of the Blackstone Group. Schwarzman and his wife, Christine Hearst (yes,. Login to ask a question about . [58], In early 2018, it was announced that Schwarzman gave $25 million to Abington High School, his alma mater. His enormous wealth has seen him rank #100 on Forbes Billionaires 2019, #34 on Forbes 400 2018, and #42 on Forbes Powerful People 2018. Schwarzman, as we know already, has a big income and he has absolutely no hesitation in spending that income any damn way he pleases. He is also the stepfather of a child that his second wife had from her previous relationship. [24], He raised $100,000 for George W. Bush's political endeavors. In 1984, Schwarzman oversaw the sale of Lehman Brothers to American Express and interviewed for a position in Ronald Reagans White House. The result was the global private equity firm, The Blackstone Group. In 1971, Schwarzman invited Kerry to speak at Harvard Business School.). [57], He has sat on the board of trustees of New York-Presbyterian Hospital since 2016. His first wife was Ellen Philips, whom he had met while studying at Harvard. [50], On April 21, 2013, Schwarzman announced a $100 million personal gift to establish and endow a scholarship program in China, Schwarzman Scholars, modeled after the Rhodes Scholarship program. [41], In 2020, Schwarzman donated $15 million to the Senate Leadership Fund,[42] a super-PAC tied to Mitch McConnell. While the party lives in infamy, congressional curiosity wasnt caused entirely by it. Schwarzman is known for his lavish lifestyle, complete with the clichs of wealth: the Sikorsky helicopter, the Monets and the $40 million, 35-room, three-floor Park Avenue apartment. The following postings have not been substantiated by LawyerRatingz.com. I was fascinated about how that transition occurs with someone who was not achievement-oriented, he said about President Bush to The New York Times in 2004. Additionally, the recent focus on capital improvements at New Yorks most storied nonprofits is occurring at a time when their boards are chock-full of real estate barons and finance wizards who have voted to reduce services, lay off employees and offload assets. 816 Christine Schwarzman Photos and Premium High Res Pictures - Getty Images CREATIVE EDITORIAL VIDEO All Sports Entertainment News Archival Browse 816 christine schwarzman photos and images available, or start a new search to explore more photos and images. Search instead in Creative? Christine Hearst, a lawyer, and Stephen A. Schwarzman, the investment banker, were married on Friday at the bridegroom's apartment in New York. Im more than comfortable with that, said Peter Salovey, the schools president. Jimmy Lee, a friend of Mr. Schwarzmans, has joked that Mr. Schwarzman has given more money to the archdiocese than any Jew in New York. Christine Hearst Schwarzman Lawyer. Instead, he focused on Congress, dumping $37 million into a super-PAC supporting Senate Republicans and another $10 million to a group backing House Republicans over the last two years. Mere months after Mr. Schwarzman spent $100 million to have his name plunked across the facade of the New York Public Library, Mr. Koch paid $100 million to have his name put on the facade of Lincoln Center. Mr. and Mrs. Schwarzman also became fixtures on the charity circuit. This makes him the 100th richest person in the world and the 39th in the US. 1. They love dancing, and they love watching people.. The education campaign had to be quite extensive.. What happened to Christie Hearst Schwarzman? 7. Mr. and Mrs. Schwarzman are the second couple underwriting the exhibit and co-hosting the gala since 1997, when none other than Mr. Koch and his wife, Julia, had their names on the invitation. Still, it was clear to him she is a pretty big deal, an admired person, he said, because all these people in his office got bizarrely star-struck when she walked in. "[1], In private Schwarzman called January 6 United States Capitol attack an insurrection and an affront to the democratic values we hold dear". While some plastic surgeons make money hand, Read More The 20 Richest Plastic Surgeons in the WorldContinue, Love them or hate them, Televangelists are woven into the very fabric of American life. It wasnt supposed to work out like this. Today, Schwarzman is the richest man in private equity, ranking #38 on Forbes' richest Americans list with a net worth of more than $11 billion. Americas +1 212 318 2000. How much incentive does he need, given his direct ownership of the company, to get him to produce more for his limited partners? he asked. Down came the red vinyl walls, which really would not have been the way to showcase Mr. Schwarzmans Monets and Cy Twomblys. Obama later drafted a formal message of support for Schwarzman Scholars, an education initiative undertaken by Schwarzman. In September 2017, Cardinal Egans successor at the archdiocese, Cardinal Timothy Dolan, received a visit from a couple of people representing the Metropolitan Museum of Art. Part 3. He led the biggest leveraged buyout in history, 8. Anyone can read what you share. Just look at Mr. Schwarzmans relationship with the president. Well, it is if you dont understand a least a smattering of German, Yiddish and Greek. Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae lorem. After divorcing Ellen, he married Christine Hearst, daughter of a fireman. Christine Hearst Schwarzman: Spouse Christine Schwarzman and her billionaire husband, Stephen, are now in a new social set after getting to meet Pope Francis. Born in 1953. Austin Hearst was once married to Christine Mularchuk who is currently the wife of Stephen Schwarzman but the marriage ended in divorce. Net worth: $3.2 billion Contributions: . Stephen Schwarzman is an American businessman who has a net worth of $35 billion. Lo and behold, this is our Top 60 of celebrities that have been caught smoking or, Celebrities dont always wear makeup anymore. Stephen Schwarzman is nothing but the highest paid president of the United States and the world, yet it does not lead to oil companies. When you work with the likes of Stephen and Christine, everyone benefits., So Mr. Schwarzman may be a flash point for income inequality, a man with more money than respect, but that seldom stops him from having the last laugh, or getting the multi-million-dollar tax write-off. Partly this is because there remains a select group of people (among them, Mrs. de la Renta) who remember that Brooke Astor rescued the New York Public Library from financial ruin in the early 80s without making such demands. While a student, Schwarzman was a member of the same Skull and Bones secret society as George W. Bush. He wore a simple black tuxedo. [55][56] Additionally, Schwarzman is also a member of the Berggruen Institute's 21st Century Council. Plans College for Artificial Intelligence, Backed by $1 Billion", "Oxford to receive biggest single donation 'since the Renaissance', "Schwarzman Centre: Planning application submitted for concert hall", "Blackstone CEO pledges to donate the majority of his wealth to charity", "EXCLUSIVE: Billionaire Steve Schwarzman signs Warren Buffett's Giving Pledge", "USA Track & Field | Stephen A. Schwarzman Pledges $8,000,000 to USATF Foundation in Support of Elite Track & Field Athle", "A Billionaire's Party Is a Lens on Wealth in the Trump Era", "Jared and Ivanka Attended Steve Schwarzman's Epic 70th Birthday Party in Palm Beach", "Big Water Users Get Flak in Drought: Calls for Surcharges as Vast Amounts Consumed by Wealthy Palm Beach Residents Draw Ire of Neighbors", "Golden Plate Awardees of the American Academy of Achievement", "President Confers Mexican Order of Aztec Eagle on co-founder and CEO of the Blackstone Group Stephen Allen Schwarzman", https://en.wikipedia.org/w/index.php?title=Stephen_A._Schwarzman&oldid=1151567984, This page was last edited on 24 April 2023, at 21:21. The brokerage king and his wife, Helen, shied away from supporting Trump directly, while donating millions to committees and super-PACs supporting Republicans running for Congress. She married Andrew Curtis Right in 2005. She worked as a lawyer and had one child from her previous marriage to Austin Hearst. She and Schwarzman, her second husband, have two children, Elizabeth. Theyre peas in a pod, said Ms. Bancroft, who often gets a Valentines Day card from Mr. Schwarzman thanking her for the introduction that has made him the happiest man in the world. 2014 - 2023 Marathi.TV - All Rights Reserved. Let us now look at the illustrious Schwarzman Family. Stephen Schwarzman and Christine Schwarzman arrive. Blackstone . He put $3.5 million into two pro-Trump super-PACs and $6 million into the Senate Leadership Fund. Off went Mr. Steinbergs billiard tables. But even if you dont count the billion-plus dollars that went to his own campaign, Bloomberg still would have donated more than all but two billionaires to the 2020 election. Stephen Schwarzman's net worth is projected to reach $35 billion as of October 2022. The group, which includes JPMorgan Chase CEO Jamie Dimon, Walt Disney boss Bob Iger and former General Electric leader Jack Welch, became Trump's Strategic and Policy Forum. Austin Hearst Net Worth 2023- Biography, Personal Life, Education, Profession; Jenna Ortega Net Worth 2023: Bio, Earnings, Career, Family . [30] Eventually a deal was brokered with Schwarzman's help. Showing Editorial results for christine schwarzman. [68] They divorced in 1990. Edward Frank Teddy Schwarzman is the son of Stephen and he was born in 1979. The total estimated net worth of Stephen A. Schwarzman is about $14 billion approximately. She has . In 2015, Yale University announced that Mr. Schwarzman was donating $150 million to the school for the construction of a student hub located smack in the middle of its campus. He lives together in a house in New York City, United States. That group spent big on congressional races in New Mexico, Virginia, California and Oklahoma. The job got him a private lunch with Laura Bush in the White House residence. Five years later, Mr. and Mrs. Schwarzman made their first real mark as a society couple by buying a 17,000-square-foot, three-floor penthouse apartment at 740 Park Avenue. Sheldon, who died in January, broke his own spending records, doling out $120 million to GOP congressional super-PACs, $90 million to a pro-Trump super-PAC and about another $8 million to other conservative causes and candidates. Schwarzman, an out- and- proud Republican, is a long- time friend and supporter of President Trump. This cycle, those issues were front and center.. She was the daughter of an industrialist, Jesse Philips from Ohio. In 2013, Schwarzman provided the full financial backing needed to launch Schwarzman Scholars, an international scholarship program at Tsinghua University in Beijing that aims to educate future global leaders about China. She is the Chairman/Founder of IP Network.com. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions. And Sen. John F. Kerry (D-Mass.) While the couple have no children together, Hearst has one child from a previous marriage. The Schwarzman Scholars program is housed at Tsinghua University. Christine Hearst Schwarzman, Donatella Versace and Stephen A Schwarzman admire a liturgical vestment of Pope Benedict XV. When it comes to business, Schwarzman takes no prisoners. Arkansas banker Stephens is a longtime Republican donor. Connecticut hedge fund mogul Mandel and his wife, Susan, poured millions into supporting Joe Bidens election, directly and through super-PACs. For his namesake building, see. For years, he has reaped huge returns through his quant firm, Renaissance Technologiesalso the source of wealth for Republican donor Robert Mercer and Democratic supporter Henry Laufer (No. In 2018, he polled again, this time in the Top 50 of Forbes list of the Worlds Most Powerful People. She has a child from a previous marriage. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); For requests, complaints, suggestions or queries, contact us via E-mail below, Justine Musk Net Worth, Novels, Books, Wiki, Age Elon Musk Wife , Anupama Nadella Wiki, Family, Age, Caste Satya Nadella Wife Bio, Melanie Craft Wiki, Age, Bio, Net worth ( Larry Ellison Wife ) Divorce, Rebekah Paltrow Neumann Wiki, Age, Bio, Parents, WeWork Net Worth, Mackenzie Bezos Wiki, Age, Children, Net worth, House, Height, Wedding, Marina Acton Net Worth, Husband, Age, Ukraine Who is She Wiki Bio, Ted Jorgensen Wikipedia, Death ( Jeff Bezos Father Dad ) Age, Bio, Died. Never mind that he lost the Democratic primarySteyer is still taking a victory lap. But the subsequent negotiations around the retirement package of his mentor Mr. Peterson, then 81, were brutal. The bride is the stepdaughter of Christine Hearst Schwarzman and of Howard C. Katz. Five years after his divorce was finalized, Schwarzman married again, this time to intellectual property lawyer, Christine Hearst. Mr. and Mrs. Schwarzman arriving at the Costume Institute gala in 2016. Schwarzman's wealth is derived from the Blackstone Group, a private equity firm that had $941 billion in assets under management as of June 30, 2022, according to the company's website.. Nor did Gwen Stefani serenade Anna Wintour to the reported tune of $500,000. [47] In 2007, Schwarzman was listed among Time's 100 Most Influential People in The World. Here are the donors Forbes found, ranked in order of how much they spent and listed with their donation converted to an equivalent sum based on the median household income. As Cardinal Dolans visitors explained it to him, the theme for the Costume Institutes big exhibition for 2018 was to be Heavenly Bodies, a tribute to the Catholic imagination. Big egos have impacted our industry adversely, Warren Hellman, chairman and co-founder of San Francisco-based private equity firm Hellman & Friedman, recently told Fortune. On 14-2-1947 Stephen Schwarzman (nickname: Stephen ) was born in Philadelphia, Pennsylvania, United States. Lots of it. The proposal was immediately nicknamed the Blackstone bill, a backhanded compliment to Schwarzman. As a subscriber, you have 10 gift articles to give each month. US billionaire donates $189 million to study ethics of AI. The company has spent more than $4.16 million on lobbying this year, over four times what it paid in 2006. She married Zak Schwarzman on August 19, 2017, in House Island, Portland Harbor. If youre stuck in a dead-end job and desperate to get out, be careful. Behind the polished veneer of state-of-the-art office, Read More The 20 Worst Companies to Work For in 2019Continue, Vineyards and wineries have been in existence for centuries. In December 2018, Schwarzman was awarded the Order of the Aztec Eagle, Mexico's highest honor for foreigners, by President Enrique Pea Nieto in recognition of Schwarzman's work on behalf of the U.S. in support of the U.S.-Mexico-Canada Agreement. His list of donations would be too extensive to roll- off in full, but some key highlights include his gift of 150 million to Yale University to establish the Schwarzman Center; his $5 million contribution to Harvard Business School to support research into the consequences of AI on industries and business; a $40 million donation to the Inner-City Scholarship Fund; and a $100 million prize to the New York Public Library. Questions and answers about this lawyer. Stephen Schwarzman Facts & Wiki She later remarried Steve Schwarzman in 1995, one of the worlds most powerful financiers and co-founder of Blackstone group. Later in 2018, he collected almost $567.8 million in dividends and compensations . This is the fourth installment of a four-part series exploring the money billionaires poured into the 2020 election. The two lived in the same Yale dorm, Davenport College, and both are rumored members of the secret Skull and Bones society. The couple had two children together. Schwarzman has been married twice: his first marriage in 1971 was to Ellen Philips, a trustee of Northwestern University and the Mount Sinai Medical Center. According to the Guardian, the couple currently reside in a 20,000 square foot, two-floor Park Avenue apartment boasting 35 rooms, his-and-hers saunas, a pine-paneled library and 13 bathrooms. 18). He spent $4.5 million to team up with a group of media firms and the Lincoln Project to produce digital ads criticizing Trump. She attracts headlines for being someone who can attract wealthy husbands and spends money on lavish homes and birthday parties with stars such as Rod Stewart and Patti LaBelle performing. In recognition of his vast and varied contributions to business and philanthropy, Schwarzman has achieved what precious few Americans have: the dual honor of being awarded both the Lgion dHonneur and the Ordre des Arts et des Letters at the Commandeur level. Hitler? Later it was owned by Saul Steinberg, who sold it to Mr. Schwarzman after Mr. Steinbergs company, the Reliance Group, went into bankruptcy. Seven months later, Congress was still talking about the party. They also gave about $1 million to the Republican National Committee; its records show those funds went into accounts used for putting on the RNC convention and paying for lawyers. At 36, Facebook cofounder Moskovitz is the youngest megadonor on this list. [73] Schwarzman was listed as a top-five water user, having consumed 7,409,688 gallons between June 2010 and May 2011. Michael Flaherty, "Blackstone Co-Founders to Get $2.3 Billion Post IPO", John F. Kennedy Center for the Performing Arts, Park Avenue: Money, Power and the American Dream, "Steve Schwarzman Explains Why He Counsels Trump", "Live From New York, It's Steve Schwarzman", "The world's 50 Richest Jews: 31-40 Jewish World , "WEDDINGS - Christine Hearst, S. A. Schwarzman", "The Birthday Party: How Stephen Schwarzman became private equity's designated villain", "Steve Schwarzman's Other Two Great Loves: Chicks And Ballet", "The 25 Most Successful Harvard Business School Graduates", "Blackstone's Chief Received $350 Million in Pay in 2007", "The top 10 highest paid CEOs are - Aug. 14, 2009", "Blackstone Group CEO Schwarzman took home $786 million in 2017", "Russian Direct Investment Fund Announces International Advisory Board", "In Trump, Stephen Schwarzman Found a Chance to Burnish His Legacy", "Schwarzman: 'It's a War' Between Obama, Wall St", "Blackstone billionaire is sorry for Nazi jab against Obama's tax policies", "Stephen Schwarzman's Bad Business Advice", "Blackstone CEO: GOP field way stronger than 2012's 'Seven Dwarfs', "Wall Street CEO: I'd pick Trump over Cruz", "Trump's 'America First' Infrastructure Plan: Let Saudi Arabia and Blackstone Take Care of It", "Trump Taps Steve Schwarzman, Jamie Dimon And Mary Barra For Advice On Job Creation, Growth", "Trump Dissolves Business Advisory Councils as CEOs Quit", "Trump reviews top White House staff after tumultuous start", "After Capitol Riots, Billionaire's 'Scholars' Confront Their Benefactor", "How the World Trade Organization Propelled the Rise of the Global Far-Right", "Organizations Disclosing Donations to Senate Leadership Fund, 2020 | OpenSecrets", "Senate Leadership Fund Gets $10 Million Boost From Schwarzman", "Bloomberg Billionaires Index: Stephen Schwarzman", "Most Influential 50 Are the Bankers, Investors Who Move Markets", "Stephen Schwarzman New York Public Library", "Billionaire Trump Adviser Donates to Israel National Library", "Billionaire Steve Schwarzman Has Donated $100 Million To Start His Own Version Of The Rhodes Scholarship", "Beijing welcomes scholars funded by U.S. tycoon", "Schwarzman Scholars plan raises doubts over Beijing interference", "YaleNews | $150 Million Gift by Stephen A. Schwarzman to Establish First-of-its-Kind Campus Center at Yale University", "Stephen A Schwarzman Gives $150 Million for Yale Cultural Hub", "Hospital Leadership - Board of Trustees", "Billionaire offered $25 million to high school alma mater. . [1][38] In response to criticism for his involvement with the Trump administration,[39] Schwarzman penned a letter to current Schwarzman Scholars, arguing that "having influence and providing sound advice is a good thing, even if it attracts criticism or requires some sacrifice. Schwarzman was briefly chairman of President Donald Trump's Strategic and Policy Forum. The lobbyists say the entire industry is under attack, necessitating a major pushback from the firms. He made his 13400 million dollar fortune with Co-Founder, chairman & CEO of The Blackstone Group. More than 200 chipped in to support their favorite presidential candidates. Coming out of Hicksville, Long Island, she is the daughter of Peggie and Peter Mularchuk. Hes a recipient of the Order of the Aztec Eagle, 16. The former New York City mayor spent more of his own money running for president than anyone in history. These 10 Whopping Homes & Cars Of Celebrities Look Amazing! If you do (and if you understand a little of the companys history), youll know the name is actually a combination of its two founders names. What he wanted in return was too much for the district", "M.I.T. I want war, not a series of skirmishes, hes been quoted as saying. This is partly because the gifts often come with conditions. [22][23], Schwarzman is a Republican who favors lower taxes, lower government spending, and women's rights. Certainly, the Met had no live camels in the entryway to the party space. Residents at 740 Park Avenue began to float the theory that the conservative billionaire on the fourth floor was trying to one-up the conservative billionaire on 15. Schwarzman and his wife, Christine Hearst (yes, as in the Hearsts), recreated their expansive apartment in the cavernous Park Avenue Armory. Stephen was born on 14 February, 1947 in Philadelphia, Pennsylvania and went on to graduate from the prestigious Yale University and the Harvard Business School. Stephen Schwarzman Net Worth Detail. The former intellectual property lawyer was married to publishing heir Austin Chilton Hearst before tying the knot with financier Steve Schwarzman in 1995. The famous fete catapulted Schwarzman into Wall Street and K Street infamy. [32], In late 2016, Schwarzman "helped put together" a team of corporate executives to advise Trump on jobs and the economy. It is scheduled to open in 2020 and will be called the Schwarzman Center. He could have ended up like most guys from a privileged background. The comment is rumored to have tanked his administration dreams. The Fifth Avenue headquarters of the New York Public Library is now the Stephen A. Schwarzman building, thanks to a contribution of $100 million in 2008. Ms. Versaces clothes are prominently featured in the galleries. Blackstone points out that these sums reflect the fact that Schwarzman . So when Versace was approached to sponsor the Costume Institute gala, but didnt have enough money, calling Mr. Schwarzman made sense. As well as numerous other prominent nonprofits. [44] In 2014, Schwarzman was named as one of Bloomberg 's 50 Most Influential people of the year. [60], In June 2019, the University of Oxford announced that Schwarzman had donated 150 million to establish the Schwarzman Centre for the Humanities, due to be completed for the university's 202425 academic year. Since its inception, the program has maintained ties to the United Front Work Department as well as other organizations and personnel affiliated with the Chinese Communist Party. Together, Mr. Peterson and Mr. Schwarzman started the Blackstone Group, a private equity firm that grew into a financial colossus that dwarfed competitors like Kohlberg Kravis Roberts and the Carlyle Group. He and his wife, Andrea, put more money into the 2020 election than ever before, funneling over $10 million into super-PACs that spent big on the Georgia Senate race. Stephen A. Schwarzman's Net Worth And Career. And it doesn't seem like he'll slow his roll. [69][70] He spent millions of dollars on both his sixtieth and seventieth birthday parties. Over the next few months, Congress launched a private equity pile-on.