Blackstone’s Gray withdraws from consideration for Treasury

He says he still has "work to do" at private equity giant

TRD New York /
Nov.November 23, 2016 11:08 AM
Jonathan Gray

Jonathan Gray

Blackstone Group’s Jonathan Gray will not be the next U.S. Treasury secretary.

“I had a terrific meeting and robust policy discussion with the president-elect,” he told CNBC Wednesday. “It was an honor to be considered for Treasury secretary but I still have much work to do at Blackstone.”

With Gray TRData LogoTINY out of the picture, Trump adviser Steven Mnuchin could emerge as the favorite for the post.

Gray met with Trump’s team on Saturday.  He reportedly has a good relationship with Trump’s son-in-law and key adviser Jared Kushner. Earlier this year, Blackstone’s debt division funded Kushner’s acquisition of the Watchtower building in Dumbo with a $376 million loan package in partnership with SL Green Realty.

But Gray also donated the maximum allowed amount to Hillary Clinton’s campaign, and her campaign finance director Dennis Cheng called him an admirer of Clinton’s in a leaked email. [CNBC] Konrad Putzier

Related Articles


Make Greenland Great Again? Trump wants to buy Arctic territory

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Trump’s tax returns, Amazon gets into proptech: Daily digest

These real estate billionaires made Forbes’ list of richest Americans

Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

What you should know about Greenland and its real estate

From left: Prabal Gurung, Dana Lorenz and Stephen Ross (Credit: Getty Images)

Stephen Ross backlash hits Hudson Yards

Tom Barrack’s Middle Eastern connections run deep. Here’s how they’ve boosted his real-estate business