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Stephen Schwarzman, who runs the Blackstone Group and is perhaps the most successful, or show-offy. of the private-equity moguls (he makes $300 million a year or so), celebrated his 60th birthday this winter with a multimillion-dollar party of the era at Manhattan's Park Avenue Armory for 1,500 friends and any celebrity who'd show up. . . More cautious people equated Schwarzman's birthday with the party Saul Steinberg, a financial self-promoter of the 80s,
threw for himself in 1989, which marked the high point of that bubble. Even Schwarzman himself
was hinting that the end might be near.β
Michael Wolff, βSerious Money,β May 2007
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