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Fortune

Ryan Hogg

Inside Blackstone’s $500 billion bet on Europe

Blackstone Steve Schwarzman Europe European Union Jon Gray Warren Buffett Fortune Savoy United Kingdom London

Steve Schwarzman stands in front of a Blackstone labeled podium in London. (Credit: Courtesy of Blackstone)

Blackstone CEO and co-founder Steve Schwarzman would have a strong case to be in a circumspect mood as he visits the company’s European headquarters in London.

In addition to celebrating Blackstone’s 25th anniversary of European operations this week, the 78-year-old Schwarzman is on the cusp of tipping Warren Buffett to the mantle of the longest-running, still-serving Fortune 500 CEO, once the Berkshire Hathaway boss steps down at the end of the year.

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