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Analysis

Inside Blackstone's $1T in Assets Under Management

Of the total, $333.2 billion was in real estate.

The trillion-dollar market cap in equities had been elusive until Apple hit it in the summer of 2018. Now it’s topped $3 trillion, with Microsoft at almost $2.6 trillion, Alphabet just over $1.5 trillion, Amazon at $1.3 trillion, and Nvidia at just under $1.1 trillion. But Meta went to more than a trillion and 16 months later was back under it.

Now Blackstone has become the first alternative asset manager to hit just over $1 trillion in assets under management, according to its 2023 Q2 results. That was 6% over 2022 Q2’s AUM of $940.8 billion.

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Erik Sherman

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