It’s official: Buyout king Stephen Schwarzman has cashed in on the Trump rally, big time. Schwarzman’s private-equity firm Blackstone, whose array of investments have included Hilton Hotels, Legoland and Madame Tussauds, reported a 165 percent first-quarter earnings rise on Thursday, as the value of its holdings soared and it generated record proceeds selling some of...
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Source: New York Post