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Jonathan Gray
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- 1Blackstone president explains stake in Royal Challengers cricket franchise▼"In an AI world, there's abundance and yet some assets remain scarce.Those assets include sports, beachfront property, and perhaps works of art. They’re finite," said Blackstone President Jonathan Gray explaining why the firm bought a stake in Royal Challen
Blackstone President Jonathan Gray explained the firm's purchase of a stake in the Royal Challengers cricket franchise by pointing to scarcity as a driver of value. He argued that in an AI world, where abundance becomes the norm, finite assets such as sports teams, beachfront property and works of art will hold lasting worth.