Real Estate Forum Podcast Bonus Episode with Jon Gray, Blackstone

Published on September 29, 2025

EP.06 - Blackstone President Jon Gray on Strategic Discipline, AI, and Leadership

Presented by the Paul Milstein Center for Real Estate at Columbia Business School, the Real Estate Forum podcast brings you insights into the evolving real estate landscape—from candid conversations with real estate thought leaders to cutting-edge research.

In this special episode of the Real Estate Forum, Jon Gray, President and Chief Operating Officer of Blackstone, joins Professor Brian Lancaster, Senior Lecturer in the Discipline of Finance, for a candid fireside chat hosted at Columbia Business School on April 29, 2025, as part of the Capital Markets series, co-sponsored by the Distinguished Speaker Series. The conversation traces Gray’s journey from joining Blackstone in 1992 to leading its evolution into a $1.2 trillion investment firm and explores the principles behind its long-term success, including a relentless focus on performance, talent, and strategic discipline. Gray shares insights on Blackstone’s early conviction in AI and digital infrastructure, the rise of private credit, and how real-time portfolio data informs investment decisions. He also offers practical advice on leadership, culture, and embracing an entrepreneurial mindset in any career path.

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The Real Estate Forum podcast is produced by The Podcast Consultant with special thanks to Executive Producer Maria Fera.