The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything

The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything
ISBN-10
1118240812
ISBN-13
9781118240816
Category
Business & Economics
Pages
256
Language
English
Published
2012-08-02
Publisher
John Wiley & Sons
Author
Jason Kelly

Description

Inside the Trillion Dollar Industry That OwnsEverything What do Dunkin' Donuts, J. Crew, Toys "R" Us, and Burger Kinghave in common? They are all currently or just recently were owned,operated, and controlled by private equity firms. The NewTycoons: Inside the Trillion Dollar Private Equity Industry ThatOwns Everything takes the reader behind the scenes of thesefirms: their famous billionaire founders, the overlapping storiesof their creation and evolution, and the outsized ambitions thatled a group of clever bankers from small shops operating in acorner of Wall Street into powerhouse titans of capital. This isthe story of the money and the men who handle it. Go inside the private worlds of founders Henry Kravis, SteveSchwarzman, David Bonderman, and more in The New Tycoons,and discover how these men have transformed the industry and builtthe some of the most powerful and most secretive houses of money inthe world. With numerous private equity firms going public for the firsttime, learn how these firms operate, where their money comes fromand where it goes, and how every day millions of customers,employees, and retirees play a role in that complex tangle ofmoney Author Jason Kelly tells the story of how thirty some years agoa group of colleagues with $120,000 of their own savings foundedwhat would become one of the largest private equity shops in theworld, completing the biggest buyout the world has ever seen, andmaking them all billionaires in the process Presents a never-before-seen look inside a secretive andpowerful world on the verge of complete transformation as theindustry and its leaders gain public profiles, scrutiny, andpolitical positions Analyzing the founders and the firms at a crucial moment, whenthey've elevated themselves beyond their already lofty ambitionsinto the world of public opinion and valuation, New Tycoonslooks at one of the most important, yet least examined,trillion-dollar corners of the global economy and what it portendsfor these new tycoons.

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