J. Tomilson Hill’s profile picture

J. Tomilson Hill

J. Tomilson Hill’s profile picture
Net worth 2018: $1.36 Billion
Residence: New York, New York
Country: United States
BirthDay: 1948
Children: 2
Education: Master of Business Administration, Harvard Business School; Bachelor of Arts / Science, Harvard University
BIOGRAPHY

J. Tomilson Hill was bornon 1948 in New York, New York, United States. J. Tomilson Hill is #1671 in List Billionaires People In The World. Mergers and acquisitions maven J. Tomilson "Tom" Hill worked for Lehman Brothers on high-profile deals during the LBO craze of the 1980s, including the famous RJR Nabisco deal as well as magazine firm Time Inc. 's $14 billion merger with cable TV powerhouse Warner. While at Lehman, Hill befriended Peter Peterson and Steve Schwarzman, and in 1993 -- after being ousted as co-CEO at Lehman -- he joined the pair at Blackstone Group. After the M&A market cooled in the 1990s, Hill transitioned to hedge funds at Blackstone, taking over its hedge fund group in 2000. Under him, the group has grown into the world's largest investor in hedge funds, with $71 billion in assets. The son of a New York corporate lawyer, Hill graduated from Harvard College and Harvard Business School before starting out at First Boston and Smith Barney. He's an avid art collector, with a collection that reportedly includes pieces by Andy Warhol and Francis Bacon. He sits on the board at the Metropolitan Museum of Art.

NET WORTH STATISTIC
2015

$1.2 Billion

2016

$1.1 Billion

2017

$1.2 Billion

2018

$1.36 Billion

TIMELINE
2017

In 2017, Hill will open a gallery on West 24th Street in Chelsea to exhibit his private collection

2014

In 2014, the Frick Collection presented "Renaissance and Baroque Bronzes from the Hill Collection", a group of thirty-three statuettes from Hill's personal collection that date from the mid-fifteenth to the eighteenth centuries

2013

3 billion in 2000 to $56 billion as of December 31, 2013

2007

The business's growth from 2007 to 2013, at a time when the industry generally contracted substantially, was featured in a June 2013 Harvard Business Review case study

2000

Since 2000, he has served as president and chief executive of Blackstone's hedge fund business, Blackstone Alternative Asset Management (BAAM), and has grown that business's assets under management from $1

1993

In 1993 Hill joined Blackstone, where he served as co-head of the corporate mergers and acquisitions advisory group

1982

In 1982, he joined Lehman Brothers as a partner in its M&A department and later became head of M&A, head of Investment Banking and co-CEO

1973

Hill started his career at First Boston in 1973, where he was one of the founding principals of its mergers and acquisitions department, and then moved to Smith Barney, where he served as the head of its mergers and acquisitions department

1948

James ("Tom") Tomilson Hill III (born 1948/49) is the vice chairman of the Blackstone Group, and president and CEO of Blackstone Alternative Asset Management (BAAM), the firm's hedge funds business

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