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Luxurious

13 February 2017 By Lauren Silva Laughlin

Steve Schwarzman’s lavish 60th birthday in 2007 marked an LBO peak, and the business hit the skids as his firm went public. His star-studded 70th – where Gwen Stefani replaced Rod Stewart a decade ago – has leverage creeping up again, but today’s Blackstone is a tougher beast.

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