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Billionaire Profile
Michael Chae
Global Rank
#3196

Image: Charles J. Sharp | CC BY-SA 4.0 | via Wikimedia Commons

Michael Chae

CEO, Private equity
UNITED STATES
Real-Time Net Worth
$0.997B
Estimated based on Private equity stock value as of March 6, 2026
-4.73% (24h)
Age
57
Source
Private Equity
Industry
Finance & Investments
Citizenship
UNITED STATES

Biography

Michael Chae is the Vice Chairman and Chief Financial Officer of Blackstone, a leading global investment firm. With a net worth of $176 million as of January 2026, his wealth stems from his prominent role in the private equity industry. Chae's career at Blackstone began in 1997, and he has since held various leadership positions, including Head of International Private Equity and Head of Private Equity for Asia Pacific. His achievements include playing a central role in some of Blackstone's largest private equity investments. He was named Vice Chairman in January 2025. Chae's expertise extends beyond finance, as he also serves on boards such as the Harvard Management Company, the Robin Hood Foundation, and the Asia Society.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Michael Chae was born in the United States. He graduated from Harvard College with an AB degree, earned an MPhil in International Relations from Cambridge University, and holds a JD from Yale Law School. Prior to law school, Chae worked at investment firms Dillon, Read & Co. and the Carlyle Group, L.P..

Rise to Success

Chae joined Blackstone in 1997 and advanced through increasingly senior roles within the firm's businesses and regions. He played a central role in some of Blackstone's largest and most significant private equity investments. He has served as the Chief Financial Officer of Blackstone since 2015. He was named Vice Chairman in January 2025.

Key Business Strategies

As CFO and Vice Chairman, Chae is a member of Blackstone's Management Committee and investment committees across most of the firm's businesses. He has been instrumental in expanding Blackstone's footprint globally. Blackstone has been focusing on AI, exploring opportunities in various markets, including private credit, infrastructure, and life sciences.

Philanthropy

Michael Chae is involved in philanthropy. He founded the Chae Initiative in Private Sector Leadership at Yale Law School.

Career Milestones

1997

Joined Blackstone

Began his career at Blackstone, taking on increasingly senior roles.

2015

Chief Financial Officer

Appointed Chief Financial Officer of Blackstone.

2025

Vice Chairman

Named Vice Chairman of Blackstone in January 2025.

Philanthropy & Social Impact

Education

Chae Initiative in Private Sector Leadership

Undisclosed

Founded the Chae Initiative in Private Sector Leadership at Yale Law School.

Business Philosophy & Leadership

Notable Quotes

"“If you seek the truth and tell the truth, you can't go wrong in the end,” said Chae, Chief Financial Officer of Blackstone, the world's largest alternative asset management firm. “If you take that basic approach, and then as a leader try to instill in people a sense of shared opportunity in the service of something worthwhile that is bigger than oneself, you can accomplish a lot.”"

Leadership Principles

Uncompromising rigor and honesty

Chae emphasizes the importance of intellectual and personal rigor and honesty for leaders and professionals.

Seeking Truth

Chae describes his work in private equity as a search for truth, striving to understand how companies and industries function.

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