The Most Powerful Private Equity CEO In The World Uses A Cheap Flip Phone


Nokia 6530AmazonHere's a Nokia 6350 like Schwarzman's.


As I was leaving the Dealbook Conference at One World Trade Thursday, I ended up in an elevator with the CEO of private equity behemoth Blackstone Group.

Schwarzman, who has an estimated net-worth $10.7 billion, pulled out a gray flip phone from his coat pocket.


I was shocked.


He actually prefers just a regular cell phone, according to a spokesperson. 


"Steve uses his flip phone to make and get phone calls. It does that better and more easily than any other device. He has an iPad for everything else," a spokesperson for Schwarzman told Business Insider.


Schwarzman, Steve Schwarzman,Stephen Schwarzman Getty Images/ Rob KimSteve Schwarzman prefers flip phones. He uses an iPad for everything else.


He was right-the reception was terrible. I could barely make a call with my iPhone 5S (Only one went through).

Luckily, though, the wifi in the building was working great. 
