[6] He attended Yale University, where he was a member of senior society Skull and Bones and founded the Davenport Ballet Society. Whatever role Christine Hearst Schwarzman, an intellectual property attorney whose previous marriage into the publishing family ended in divorce, played in the decision, sources tell the. Partly, this is because his wife, Christine, is Catholic. At 14 years old, he embarked on his first business venture: a lawn-mowing service with two part-time employees --his younger twin brothers. The couple had two children together. Last presidential season, Schwarzman, along with now-Treasury Secretary Henry Paulson, served as a Bush Pioneer. They say labor unions first suggested the tax hike to Congress. He has, however, popped up on the Hill. 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. At age 8,Stephen Schwarzmanwatched his grandfather packup wheelchairs every few months from a warehouse behind the familys Philadelphia store to send to people in Israel, then a fledgling nation. However, he stopped short of criticizing Trump over riot. Stephen has a daughter, Elizabeth and a son, Edward from his first marriage to Ellen Philips. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Blackstone CEO Stephen Schwarzman, a private equity pioneer, is fantastically wealthy, politically generous and very well-connected in Washington. In 2018, Schwarzman proved his philanthropic credentials once again when he donated a hefty $350 million sum to help found the MIT Schwarzman College of Computing. Mr. Schwarzman happily gave financial advice for Cardinal Egan to take back to the archdiocese. Schwarzman and his wife, Christine Hearst Schwarzman, are Republican party megadonors. Before that, he raised at least $100,000 as a Bush Pioneer, helping out an old buddy from Yale. [76], In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, "which draws from his experiences in business, philanthropy and public service." "[26][27] Schwarzman later apologized for the analogy. Your email address will not be published. Mr. Peterson died in March. She graduated from Hofstra University and received her law degree from New York University. Ms. Versaces clothes are prominently featured in the galleries. Under Schwarzmans leadership, it quickly grew into the largest buyout firm in the world, with $439 billion in assets. His salary was $734.2 million in 2015, $425 US million in 2016, and $786 US million in 2017. And he is still, most definitely, on the Republican radar screen. Im more than comfortable with that, said Peter Salovey, the schools president. Stephen is Jewish, Christine Roman Catholic, and they got married in 1995 by a rabbi and a priest. Schwarzman hosts an annual lunch for the entire group and keeps in touch with them individually throughout the rest of the year. In November. Mutual Fund and ETF data provided byRefinitiv Lipper. It was a response that has guided Schwarzman, who went on to co-found and helm theBlackstone Group--one of the largest private equity firms in the world, ever since. The award was created in 1933 by then president Abelardo L. Rodrguez to recognize the services given to Mexico or humankind by foreigners. When they talk about private equity, Democrats in Congress describe greedy, risk-taking managers, benefiting from secret tax code loopholes. Are you aware of the Stephen Allen Schwarzman age? [43], According to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. Mr. and Mrs. Schwarzmans friends at the archdiocese are happy. As well as numerous other prominent nonprofits. [68] They divorced in 1990. Oct 2011 - 20132 years. Mr. Schwarzman's courtship did not take long. Schwarzman is married to Christine Hearst, an intellectual property lawyer who, unusually, has kept the name of her first husband, Austin Hearst, grandson of the legendary newspaper tycoon . 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. The report disclosed that Schwarzman donated $344,000 in support of Trump's re-election campaign. On this submit we're going to focus on how a lot is Stephen Schwarzman Net Worth. He identified as center-right and said the eventual GOP nominee should appeal to independent voters, not the right wing of the Republican Party. In 2004, he became chairman of the board of the Kennedy Center, a position he still holds today. The idea, he said, came from a Harvard Law School friend and retired tax lawyer, Stephen Wolfberg, a personal friend of the lawmaker. While at Lehmans, Schwarzman worked under Chairman and CEO of the group, Peter George Peterson. He could have ended up like most guys from a privileged background. The comment is rumored to have tanked his administration dreams. At the memorial, numerous attendees took note that Mr. Petersons most famous protg was not selected as a speaker. Next, he worked at the 'Lehman Brothers' which was an . 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. Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world's leading investment firms with $951 billion Assets Under Management (as of September 30, 2022). The deeply competitive CEO has no time to waste when it comes to the financial market: if youre up against him, dont expect any courtesy. The story isnt quite true. Learn how your comment data is processed. Saul Steinberg sold the apartment to Schwarzman. We almost missed this Page Six item until WallStFolly pointed it out. Instead, he donated to Jeb Bush. 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. During Trumps race for candidacy, Schwarzman came out to favor the real estate mogul over his revival, Ted Cruz, telling CNBC America needed a cohesive, healing presidency, not one thats lurching either to the right or to the left. Schwarzman has a long history with the Republican party: as well as raising at least $100,000 as a Bush Pioneer, he briefly served as chair of President Trumps short-lived Strategic and Policy Forum, a group of cooperate executives including CEO of JPMorgan Chase, Jamie Dimon, Walt Disney head Bob Iger and former General Electric leader Jack Welch that served to advice Trump on employment matters and the economy. [24], He raised $100,000 for George W. Bush's political endeavors. 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. Blackstone Group's CEO Stephen A. Schwarzman and Christine Mularchuk Hearst attend the 2016 Library Lions Gala at New York Public Library - Stephen A. Christine Mularchuk Hearst, jewelry detail, attends the 2016 Library Lions Gala at New York Public Library - Stephen A Schwartzman Building on. The former Lehman Brothers CEO served as President Richard Nixons secretary of Commerce, chairman of the Council on Foreign Relations and chairman of the Federal Reserve Bank of New York. He is a son of Arline and Joseph Schwarzman of Huntington Valley, Pa. 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. His grandfather's answer was simple: "People need help, and I believe in helping them.". Shortly afterward, the Mets leadership announced that the museum was eliminating the jobs of up to 100 people in administrative, conservationist and curatorial positions in an effort to address a ballooning $30 million deficit. Christine Schwarzman News FAT HAM Full Cast and Design Team Announced by Chloe Rabinowitz - Feb 23, 2023 The full cast and design team has been announced for the Broadway production of the 2022. [17] In the following years, his compensations increased even more: he received $350 million in 2007[18] and $702.4 million in 2008[19] - partly due to stock awards. [2][3] His father owned Schwarzman's, a former dry-goods store in Philadelphia, and was a graduate of the Wharton School. [74], In 1999, Schwarzman received the American Academy of Achievement's Golden Plate Award.[75]. Well, it is if you dont understand a least a smattering of German, Yiddish and Greek. While the couple have no children together, Hearst has one child from a previous marriage. While a student, Schwarzman was a member of the same Skull and Bones secret society as George W. Bush. Whatever your opinion on Schwarzman, hes not easily dismissed. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. He started off with a job at Donaldson, Lufkin & Jenrette, an investment bank and soon rose to the rank of Managing Director at the Lehman Brothers, aged just 31. Search instead in. In June, Schwarzman completed Blackstones $4.75 billion initial public offering, the largest so far this year. Christine is the driving force, a source who knows them well told The Post. The acquisition saw Blackstone take control of the companys 540 office building; its portfolio grew yet further when it acquired the Hilton Hotel chain just a short time later. 1. In addition to Schwarzman, other notable beneficiaries of the award include Walt Disney, Bono, Nelson Mandela and Dwight D. Eisenhower. Schwarzmans career has involved more than the occasional controversy, so he was well equipped to deal with the criticism he faced after coming out in support of President Trump. Its no secret Schwarzman is a Republican, but no one was expecting quite the vitriol the CEO directed at President Obama during the democrats term in office. [34][35] In February, Schwarzman was named as chair of the 16-member President's Strategic and Policy Forum, which brought together "CEOs of America's biggest corporations, banks and investment firms" to consult with the president on "how to create jobs and improve growth for the U.S. During an address to the board members of a non-profit in 2010, Schwarzman let loose his feelings about the Obamas administrations increased taxation of private equity firms. However, this donation was contingent on several conditions, including naming rights to the school. Schwarzman knows Bush from back when he held a different title: Delta Kappa Epsilon president. His book became a New York Times Best Seller. [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. In 1995, Schwarzman wed Christine Hearst, an attorney for intellectual property who was born and raised on Long Island, New York. 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. 724 Christine Schwarzman Photos and Premium High Res Pictures - Getty Images FILTERS CREATIVE EDITORIAL VIDEO All Sports Entertainment News Archival Browse 724 christine schwarzman stock photos and images available or start a new search to explore more stock photos and images. Mr. Schwarzman has been involved in all phases of Blackstone's development since its founding in 1985. Its a war, Schwarzman ranted. There are some stocks, however, that every investor should consider holding due to sheer brute strength that isn't apt to wane anytime soon. With over 10 years experience he's covered businesses, CEOs, and investments. Stephen Allen Schwarzman (born February 14, 1947) is an American billionaire businessman. [30] Eventually a deal was brokered with Schwarzman's help. The result was the global private equity firm, The Blackstone Group. Schwarzman didnt get the job. They compare the current tax battle with the fight Microsoft and the technology industry had in the mid-1990s. Who cares? He also claimed to be Wendi Murdoch, the ex-wife of News Corp executive chairman Rupert Murdoch, Christine Hearst Schwarzman, the intellectual property lawyer and wife of billionaire Blackstone . Firm Details Firm Size 1 Location Details New York 61 Broadway, 18th Floor New York, NY 10006-2708 U.S.A. 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. . He helped fund the MIT Schwarzman College of Computing, 9. Down came the red vinyl walls, which really would not have been the way to showcase Mr. Schwarzmans Monets and Cy Twomblys. [45] In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. His problems all started with one very infamous party. [49] In 2018, Schwarzman donated $10 million to another library, the National Library of Israel. 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. On 14-2-1947 Stephen Schwarzman (nickname: Stephen ) was born in Philadelphia, Pennsylvania, United States. - Assisted in the production . Reps. Sander M. Levin (D-Mich.) and Charles B. Rangel (D-N.Y.) announced a bill increasing the tax rate paid by investment mangers on a portion of their income known as carried interest. That was its own kind of a leveraged buyout. The current status is Currently registered. Christine wasn't born rich-she's the daughter of a NYC firefighter-but she has a knack for marrying the extremely wealthy. He will assume his Kennedy Center responsibilities immediately. Blackstone Group Chairman and Chief Executive Schwarzman worth. [1], Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman. Stephen Allen Schwarzman is an American investor, financier and business tycoon. So whose idea was it to name the building in the donors honor? Stephen and Christine Hearst Schwarzman, center, with a group of more than 90 beneficiaries of the Inner-City Scholarship Fund. According to Forbes latest figures, the CEO and Chair of Blackstone is today worth a staggering $15.1 Billion. Venetian Heritage Inc. P.O. The lobbyists say the entire industry is under attack, necessitating a major pushback from the firms. Guests said they were impressed by the production overseen by Schwarzman's wife, Christine Hearst Schwarzman, and the event-design firm Van Wyck & Van Wyck, whose clients have included Madonna,. He is married to Ellen Marie Zajac. Contact Us . Blackstone declined to comment for this story. Earlier this year, Mr. Schwarzman gave $25 million to the high school he had attended in Abington, Pa. These arent like one-hit wonders. One thing is certain: The issue has spiraled far beyond Schwarzman and the so-called Blackstone bill. She married Andrew Curtis Right in 2005. FAQ - New Privacy Policy. Its their generosity along with that of my friend Donatella Versace that has made this brilliant and groundbreaking exhibition possible. The bride's father owned Electritek Industries, a former distributor of appliance parts in Hicksville. Hes a killer (figuratively speaking), 19. Him: The billionaire CEO of private equity firm the Blackstone Group. [28][29] In 2012, Obama called Schwarzman and requested his assistance in brokering a budget agreement with Republicans in congress to avoid a fiscal cliff. Put the two words together and what do you get? And when they need an example of unadulterated private equity greed, the self-made Schwarzman with his estimated $7.3 billion net worth is their go-to guy. Age / How old / Birthday / Date of Birth / DOB. He had previously been married to Ellen Philips, the daughter of a wealthy Ohio industrialist, whom he met during his graduate work at Harvard Business School. In 2014, the Blackstone Group bought a minority stake in her company for $287 million. And the education center at the National Library of Israels new landmark building in Jerusalem is being named for Mr. Schwarzman, after a contribution earlier this year for $10 million. War? Schwarzman. Quotes displayed in real-time or delayed by at least 15 minutes. Others, meanwhile, stand in admiration of his financial acumen, political influence, and philanthropic endeavors. We've received your submission. She and Schwarzman, her second husband, have two children, Elizabeth and. Collect, curate and comment on your files. He made his 13400 million dollar fortune with Co-Founder, chairman & CEO of The Blackstone Group. As well as receiving the two highest honors bestowed on individuals by the French government, Schwarzman has also been privileged with Mexicos highest honor for foreigners, the Order of the Aztec Eagle. Christine Hearst Schwarzman. In 2014, the Metropolitan Museum of Art cut the ribbon on a four-block-long plaza named after Mr. Schwarzmans downstairs neighbor David Koch, who paid $65 million for the privilege. Streamline your workflow with our best-in-class digital asset management system. He later obtained a master's degree in business from Harvard and worked for the investment bank Lehman Brothers beforeco-foundingthe Blackstone Group in 1985 with formerLehman Brothers CEO Peter Peterson. Christine Hearst Schwarzman is Chairman/Founder at IP Network.com. [4], Schwarzman's first business was a lawn-mowing operation when he was 14 years old, employing his younger twin brothers, Mark and Warren, to mow while Stephen brought in clients. New York Democratic Sen. Charles Schumer, a member of the Senate Finance Committee who is expected to introduce his own broad tax increase bill, received $8,000. 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. In August 2010, Schwarzman compared the Obama administration's plan to raise the tax rate on carried interest to a war and Hitler's invasion of Poland in 1939, stating, "It's a war. Blackstone Group Chairman and Chief Executive Schwarzman worth more than $10 billion and his wife donated $40 million in September to help underprivileged students pay for Catholic school. A party for Denise Rich on St. Tropez, where the Schwarzman's own a home, things got so out of hand it had to be shut down early. As a subscriber, you have 10 gift articles to give each month. Since then, the investor dubbed the "King of Capital" in a 2011 book by David Carey and John Morrishas amassed both a fortune that Forbes magazine pegs at $18.1 billion and a reputation for philanthropic endeavors. 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. How does a man people are inclined to make fun of usually wind up with the upper hand? The college serves as a vibrant, interdisciplinary hub committed to addressing the global opportunities and challenges presented by the ever-increasing prevalence of computing and the dawning of a new age of AI. step-child with Stephen A. Schwarzman. "[21], In September 2011, Schwarzman was listed as a member of the international advisory board of the Russian Direct Investment Fund. Rod Stewart and Patti LaBelle performed for. A week before the much-anticipated IPO, Sen. Chuck Grassley (R-Iowa) introduced legislation hiking the tax rate for publicly traded private equity partnerships from 15 percent to 35 percent. See the article in its original context from. The couple had two children together. He wore a simple black tuxedo. He grew Blackstone into the worlds biggest buyout firm, 6. (David 'Dee' Delgado/Bloomberg via Getty Images), My grandfather was a very powerful force in all of our lives,"Schwarzman, 73, explained to FOX Business in an exclusiveinterview. Schwarzman was briefly chairman of President Donald Trump's Strategic and Policy Forum. Schwarzman, who is known to joke about his interfaith marriage with Christine Hearst, a Roman Catholic, fund-raises for an array of Jewish and Catholic causes, such the Archdiocese of New York and . For his namesake building, see. Over the next few months, Congress launched a private equity pile-on. In 2020, they donated $25 million to the Senate Leadership Fund, a super PAC committed to electing a. 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. Hes a recipient of the Order of the Aztec Eagle, 16. I cant answer questions about the contractual negotiation, Mr. Salovey said in a phone interview that was supervised by a public relations person from Mr. Schwarzmans team. But even more interestingly, we hadn't known that Schwarzman's wife Christine Hearst Schwarzman -- a staple of Gotham's society pages -- is an intellectual property lawyer. Of this total, 699.8 million came from exercising options he received during the IPO. Rabbi Bertram Siegel officiated with the Rev. Photograph: Domenico Stinellis/AP Fashion Fashion meets Catholicism:. His mentor at Lehman Brothers, where Mr. Schwarzman worked in the earlier part of his career, was Peter G. Peterson, a much revered society and business world figure. Check the full bio for relationship details. Edward Frank Teddy Schwarzman is the son of Stephen and he was born in 1979. Fast Facts about Stephen Schwarzman. Schwarzman married his first wife Ellen Philips in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center. I want war, not a series of skirmishes, hes been quoted as saying. He is also the stepfather of a child that his second wife had from her previous relationship. Schwarzman and his wife, Christine Hearst Schwarzman, gave over $35 million to candidates in the 2020 election cycle, with most of their donations going to Republicans, CNBC reported.. Richard Ferlauto, director of investment policy at the American Federation of State, County and Municipal Employee, called into question the favorable tax breaks that had allowed the Blackstone CEO to accrue his wealth, and worried the CEO was setting a precedent in huge bonuses and incentives that would damage other businesses. Registration Number: 2429892 : Full Name: CHRISTINE HEARST SCHWARZMAN : First Name: CHRISTINE : An adviser to President Trump who once compared Obama-era tax hikes on corporations to Hitler invading Poland is bound to have some enemies. Last week, members of the Senate Finance Committee asked five private equity firms to detail their investment stakes in nursing homes and to provide copies of contracts about their operations. The media-shy Christine is quite brash, the source said, and knows how to get things done. [41], In 2020, Schwarzman donated $15 million to the Senate Leadership Fund,[42] a super-PAC tied to Mitch McConnell. Hes been awarded the Lgion dHonneur, 13. A rundown of all his involvements would take an age to read and even longer to write to name just a select few, then, we have the Council on Foreign Relations, The Business Council, The Business Roundtable, and The International Business Council of the World Economic Forum. Christine Schwarzman and her billionaire husband, Stephen, are now in a new social set after getting to meet Pope Francis. But plans to rename it after him were scrapped when people in the town nearly had a conniption. Then, days later, they were welcoming Pope Francis to Our Lady Queen of Angels School in East Harlem. As a child in the middle-class suburbs of Philadelphia during the 1950s, Schwarzman helped outin his familys linen store, soldcandy bars and light bulbs door-to-door and deliveredtelephone books. Schwarz is German and Yiddish for black, while Peter (as in, Pete Peterson, co-founder of the company) is Greek for stone. When considering an investment, the foundation routinely assesses whether the project will happen without its contribution and whether it will last for at least the next two decades. In the 1990s, she worked at Cowan, Liebowitz & Latman. But the subsequent negotiations around the retirement package of his mentor Mr. Peterson, then 81, were brutal. Legal Statement. Seven months later, Congress was still talking about the party. As of 2015, Stephen Schwarzman has a net worth of 11 billion USD. The two lived in the same Yale dorm, Davenport College, and both are rumored members of the secret Skull and Bones society. [71][72], In 2011, The Wall Street Journal reported on the vast water consumption of wealthy Palm Beach residents during exceptional drought conditions. People who knew them both were shocked. Edward has been a successful producer and has set up the Black Bear Pictures, where he serves as President and CEO. Christine Hearst Schwarzman (m. 1995), Ellen Philips (m. 1971-1990) Children/Kids (Son and Daughter): Yes (3 and one stepchild) . Hes one of TIMEs most influential people, 12. His billionaire wife, Christine Hearst Schwarzman. Money hasnt made Stephen Schwarzman universally beloved. [37], He is a long-time friend of former president Donald Trump and provides outside counsel, and served as chair of Trump's Strategic and Policy Forum. Christine, a corporate lawyer, had recently separated from Austin Hearst, the grandson of the media baron William Randolph Hearst. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. 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. She worked as a lawyer and had one child from her previous marriage to Austin Hearst. He wasnt a fan of Obamas presidency. [66] She has one child from a previous marriage. For Schwarzman, it's more than merely handing over a check, it's investing in efforts that will effect change for the better. I always think about what will kill off the other bidder. Consider yourself warned. [61][62], Schwarzman announced in February 2020 that he had signed The Giving Pledge, committing to give the majority of his wealth to philanthropic causes. Schwarzman Spouse - Ellen Philips & Christine Mularchuk Hearst Stephen has been married a total of two times so far. His previous contributions include$150 million tohis alma mater, Yale,to establish itsfirst student and culture center, slated to open in September, and 150 millionBritish pounds to theUniversity of Oxford to create a new Centre for the Humanities. There are several reasons Mr. Schwarzman inspires enmity. 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. [48], In early 2008, Schwarzman announced that he contributed $100 million toward the expansion of the New York Public Library, for which he serves as a trustee. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. 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. When Mr. Schwarzman celebrated his 70th birthday in Florida in February 2017, Mr. Kushner and his wife, Ivanka Trump, were among the guests. "It's important tohelp provide an example of what people of means should do,"Schwarzman said. Among the philanthropists who have inspired him is Eli Broad, the billionaire behind KB Home, the first homebuilder traded on the New York Stock Exchange, and SunAmerica, the retirement-savings firm acquired by AIG.