I recognized that it was still pretty early in the development and there should be a lot of growth in these firms. The estimated Net Worth of Joseph Baratta is at least $181 Million dollars as of 1 April 2023. BARATTA: Patience. BARATTA: And, you know, philanthropy in the U.K. is at a different scale than in the U.S. Who cares about brown shoes? Im assuming that all these different names all come from different work products, different strategies, different funds, or is just everybody getting this wrong? By submitting this request, you consent to receive email from Blackstone. It is a rapidly growing economy, with a highly educated workforce, that with supply chain dynamics now moving toward Southeast Asia and India. Just like life gets in the way and I had, you know, a cool career going and I stuck with it. But thats not really investable for us. I mean, it was certainly not expected. It takes a long time to figure out like how you get good at something and the particular way you want to do it. But I cant explain it. BARATTA: No. BARATTA: Yeah, hes amazing. But youre not wrong, I mean, theres different names within the individual businesses, but we all work at Blackstone. RITHOLTZ: And then we talked about the companies that youre on the boards of, but youre also a trustee of the Tate Foundation, which I assume is related to the giant Tate Museum in London. And then, like I said, theyre very accessible. Mr. Baratta joined Blackstone in 1998 and in 2001 he moved to London to help establish Blackstones corporate private equity business in Europe. Thats why I joined Blackstone, it was one of the leading firms in that moment. BARATTA: We leaned into exiting what we could in that period. I have my way. Not to say like we executed on that vision perfectly, I mean, we would have made some mistakes, but we definitely became much more cautious when the bull market really ramped up, in particular, post COVID, when not only did you have the low rates which the Fed double down on, you had this huge transfer payment from the federal government . For information on our privacy practices see our Privacy Policy. Blackstone Group is talking to its biggest investors to create a "coalition of the willing" that can buy control of large companies outside its existing funds, according to Joe Baratta, head .
