The New Tycoons by Jason Kelly
Inside the Trillion Dollar Private Equity Industry That Owns Everything (Bloomberg)

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Synopsis

Inside the Trillion Dollar Industry That Owns Everything

What do Dunkin' Donuts, J. Crew, Toys "R" Us, and Burger King have in common? They are all currently or just recently were owned, operated, and controlled by private equity firms. The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything takes the reader behind the scenes of these firms: their famous billionaire founders, the overlapping stories of their creation and evolution, and the outsized ambitions that led a group of clever bankers from small shops operating in a corner of Wall Street into powerhouse titans of capital. This is the story of the money and the men who handle it.

Go inside the private worlds of founders Henry Kravis, Steve Schwarzman, David Bonderman, and more in The New Tycoons, and discover how these men have transformed the industry and built the some of the most powerful and most secretive houses of money in the world.

With numerous private equity firms going public for the first time, learn how these firms operate, where their money comes from and where it goes, and how every day millions of customers, employees, and retirees play a role in that complex tangle of moneyAuthor Jason Kelly tells the story of how thirty some years ago a group of colleagues with $120,000 of their own savings founded what would become one of the largest private equity shops in the world, completing the biggest buyout the world has ever seen, and making them all billionaires in the processPresents a never-before-seen look inside a secretive and powerful world on the verge of complete transformation as the industry and its leaders gain public profiles, scrutiny, and political positions

Analyzing the founders and the firms at a crucial moment, when they've elevated themselves beyond their already lofty ambitions into the world of public opinion and valuation, New Tycoons looks at one of the most important, yet least examined, trillion-dollar corners of the global economy and what it portends for these new tycoons.

 

About Jason Kelly

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JASON KELLY is a reporter with Bloomberg News based in New York. He covers the global private equity industry and is a frequent contributor to Bloomberg Television and Bloomberg Businessweek. During his ten years with Bloomberg, Kelly has also followed the technology industry and written about issues ranging from the aftermath of Hurricane Katrina to economic development during the war in Afghanistan. Prior to joining Bloomberg, he was the editor in chief of digitalsouth magazine, a publication focused on technology and finance in the Southeast and Texas.
 
Published August 2, 2012 by Bloomberg Press. 257 pages
Genres: Business & Economics, Professional & Technical. Non-fiction

Unrated Critic Reviews for The New Tycoons

Forbes

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Contrary to the Obama/Gingrich/Perry view, the real truth about private equity, and clearly the source of its profits, is that “private equity firms are rarely interested in companies firing on all cylinders.” Instead, they go after unattractive, poorly run companies with potential “where somethi...

Oct 28 2012 | Read Full Review of The New Tycoons: Inside the T...

Huntington News

With one of their own -- Mitt Romney -- running for President this year, it was inevitable that private equity firms like Bain Capital that he co-founded would be dissected by business journalists.

Oct 21 2012 | Read Full Review of The New Tycoons: Inside the T...

WND

The book, The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything by Jason Kelly has everything you ever wanted to know and even what you didn't even know you wanted to know, about the private equity business.

| Read Full Review of The New Tycoons: Inside the T...

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