Chinh Chu is a popular American businessman who has gained a lot of name and fame. His business skills are inspiring and have impressed the younger generation. You will not be surprised to know that he has earned a big net worth in a short time. He is the Senior Managing Director & Co-Chair in the Private Equity Group at Blackstone Group LLC. Chinh Chu is a famous chairman, president, assistant Secretary and Chairman of the Compensation Committee.
The Graham Packaging Company is also under his supervision. In 2011 he became the board of directors at free scale Semiconductor. Chu is also a Compensation, Leadership Committee, and Finance Committee member that tells a lot about his personality. Here is all you need to know about him:
Bio and Early Life
Chinh Chu was born on April 23rd, 1996 in Vietnam. His family moved to America when he was young. He is an American national and his age is 55 years old currently. His business skills were evident since his young age. He earned his bachelor’s degree in Finance from the University of Buffalo. If this isn’t enough he also got graduated from summa cum laude. He started working at Salomon Brothers in the Mergers & Acquisitions Department. After few years of experience, he moved on to Blackstone in 1990.
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During recent years Chinh has linked the investments of Blackstone in Stiefel Laboratories, ReAble Therapeutics’ and the acquisition of DJ Orthopedics. He is also associated with Biomet, Catalent Pharma Solutions, Alliant, ReAble Therapeutics, and Celanese. The list goes on further as he is also lined with Nalco, SunGard Data Systems, Nycomed, and LIFFE.
As his business career has been on a rise he started associating himself with many other companies. He is involved in Blackstone’s investments and further enhanced it in FGIC, Graham Packaging, Sirius Satellite Radio, and StorageApps. Haynes International, Prime Succession/Rose Hills, Interstate Hotels, HFS, and Alco Holdings also received prime success thanks to his hard work.
Currently, he is serving as a Director of Alliant, Bank United, Bay View Financial, and Healthmarkets. It is not surprising that he is also dealing with DJO Incorporated, Catalent Pharma Solutions, SunGard, and Graham Packaging. In 2004, Blackstone was big enough to capture German chemical maker Celanes. As a result, the German layoffs were not associated with it anymore. The deal closed efficiently as the negotiations and business wisdom of Chu are appreciating. Chinh has his office based at the firm in New York. He has spent around $34 million for 89th floor and 90th floor at Trump World Tower.
The duplex penthouse he lives in is something to look out for. It includes 34 rooms and 12 bedrooms and 16.5 bathrooms. The property is spread on a wide area of 14,864 square feet. Chin wanted to purchase the whole 90th floor as he has only half of it. He even tried hard to get the full share of the 90th floor. However, his efforts to claim the apartment didn’t succeed.
Personal Relationships and Net Worth
The total net worth of Chinh happens to be around $1.1 billion. He has earned this big amount of money with his active business career. His love life is interesting as he has been loyal to one lady. He is a dedicated husband of Hà Phương who is a Vietnam singer. The couple is blessed with one daughter together.