{"id":1004687653,"date":"2023-10-27T04:09:21","date_gmt":"2023-10-27T12:09:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004687653"},"modified":"2023-10-27T05:30:39","modified_gmt":"2023-10-27T13:30:39","slug":"visionary-investor-byron-wien-dies-at-90","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/","title":{"rendered":"Visionary Investor Byron Wien Dies at 90"},"content":{"rendered":"
\"\"<\/a>

Byron Wien served as Blackstone’s vice chairman of Private Wealth Solutions for 14 years. Image via screenshot from a Blackstone video, courtesy of Blackstone.<\/em><\/p><\/div>\n

Byron Wien, vice chairman of Blackstone<\/strong>\u2019s Private Wealth Solutions group and prominent Wall Street influencer, passed away on Wednesday, Oct. 25, at the age of 90. Many followed Wein\u2019s wisdom, especially through his annual \u2018Ten Surprises\u2019 list and his ’20 Life Lessons’, which helped forge investors\u2019 strategies and cultivate a collaborative business environment.<\/p>\n

Wien helped guide Blackstone\u2019s investment strategy<\/a> for 14 years. He played a critical role in growing the company\u2019s private wealth solutions business by sharing his market and macroeconomic observations and by drawing in clients with his deep insight.<\/p>\n

\u201cI am personally so grateful to have worked with Byron for so many years. He stretched my thinking about what was going on in the wider world and inspired me to live a life of endless learning, deep friendships and great generosity, which is how he lived his life,\u201d Global Head of Blackstone Private Wealth Solutions Joan Solotar, said in a statement.<\/p>\n

Byron Wien became an orphan at 14 and had to start working at 15. In an interview with Solotar from earlier this year, he said that this formative experience has shaped his independent nature. Wien graduated from Harvard Business School with distinction. After several other jobs, he had a 21-year career at Morgan Stanley<\/strong>, as chief U.S. investment strategist.<\/p>\n

Market mover<\/h2>\n

During his tenure at Morgan Stanley, Wien started his \u2018Ten Surprises\u2019 tradition, in 1986. This was a list of views and predictions that he made about the economy, financial markets and politics. He defined a surprise as an event which the average investor would only assign a one out of three chances of taking place, but which Wien believed was probable.<\/p>\n

His forecasts about the economy, politics and societal trends became widely read and shaped many investment strategies over the 38 years in which he published the lists. In 1995, Wien co-authored a book with legendary investor and philanthropist George Soros, called Soros on Soros \u2013 Staying Ahead of the Curve.<\/em><\/p>\n

In 1998, Wien was named the most widely read analyst on Wall Street by First Call (now Thomson ONE Analytics). In 2000, he was ranked the number one strategist by SmartMoney.com<\/em>, and in 2004, he was named to the 2004 Smart Money Power 30 list of Wall Street’s most influential investors, thinkers, enforcers, policy makers and market movers, in the \u201cThinker\u201d category. In 2006, New York Magazine <\/em>named Wien as one of Wall Street’s most influential people of all time.<\/p>\n

\u201cByron\u2019s legacy will be among the most consequential of all financial figures across Wall Street,\u201d said Todd Myers, Private Wealth Solutions COO, in a video about Wien. \u201cIt\u2019s the longevity of Byron\u2019s career, it\u2019s the decades\u2019 worth of loyalty that his fans have for him\u2014that is unparalleled in most instances,\u201d Myers added.<\/p>\n

Cultivating a network<\/h2>\n

One of Wien\u2019s core pieces of advice was to always treat a new acquaintance as a potential friend. This attitude helped him cultivate a wide network of like-minded individuals, mentors and mentees. He encouraged people to collaborate and share their experiences with each other, learn as much as possible and always read.<\/p>\n

\u201cYou should cheer other people\u2019s successes because they don\u2019t deprive you of opportunity. In fact, other people\u2019s successes may make greater opportunity for you,\u201d Wien said in an interview earlier this year.<\/p>\n

At Blackstone, Byron Wien is succeeded by Joseph Zidle, chief investment strategist & senior managing director at the company\u2019s private wealth solutions business. Zidle joined Wien in 2018 in co-authoring the 10 surprises list.<\/p>\n","protected":false},"excerpt":{"rendered":"

A look at the career of one of Wall Street\u2019s most influential voices.<\/p>\n","protected":false},"author":1284,"featured_media":1004687672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21744],"tags":[32892],"class_list":["post-1004687653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-people","tag-blackstone"],"acf":[],"yoast_head":"\nVisionary Investor Byron Wien Dies at 90 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Byron Wien, Blackstone vice chairman of Private Wealth Solutions, has died at the age of 90, after a decades-spanning career.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visionary Investor Byron Wien Dies at 90\" \/>\n<meta property=\"og:description\" content=\"Byron Wien, Blackstone vice chairman of Private Wealth Solutions, has died at the age of 90, after a decades-spanning career.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-27T12:09:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-27T13:30:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Byron-Wien.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"638\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/\",\"name\":\"Visionary Investor Byron Wien Dies at 90 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Byron-Wien.jpg\",\"datePublished\":\"2023-10-27T12:09:21+00:00\",\"dateModified\":\"2023-10-27T13:30:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"description\":\"Byron Wien, Blackstone vice chairman of Private Wealth Solutions, has died at the age of 90, after a decades-spanning career.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/visionary-investor-byron-wien-dies-at-90\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Byron-Wien.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Byron-Wien.jpg\",\"width\":638,\"height\":479,\"caption\":\"Byron Wien served as Blackstone's Vice Chairman of Private Wealth Solutions for 14 years. 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