It’s an ironic coincidence that Oxfam released this study earlier this week.
It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality.
Yeh, I don’t think that Schwarzman was won over by Oxfam’s study. It’s the new math: 1% = 99%. They only teach that math in business school. I should point out that it wasn’t Schwarzman, but Goldman Sach’s Lloyd Blankfein who said that bankers were "doing God’s work."
Friday, Jan 22, 2016 · 2:35:56 PM EST · gjohnsit
Speaking of manorialism, did you know that Blackstone is the largest landlord in the world?
Steve Schwarzman is America’s landlord, now, and he’s not afraid to acknowledge it.
"We’re now, we believe, the largest owner of real estate in the world," he told Business Insider in an interview at his company’s Park Avenue headquarters in midtown Manhattan.
The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.