Economics
Peter G. Peterson, Blackstone's Co-Founder, Dies at 91
- Rebuilt Lehman Bros., then left amid power-sharing struggle
- He co-founded Blackstone, world’s largest private-equity firm
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Peter G. Peterson, the Wall Street rainmaker with global connections who emerged from a fight for control of Lehman Bros. to become a billionaire as co-founder of the private-equity firm Blackstone Group LP, has died. He was 91.
He died Tuesday at his home in New York City, according to an emailed statement from his family.