Having developed a way to trim, By 2019 Veritas was humming, with all five of its buyout funds performing in the, Unfortunately, the Dyal deal upset Robert McKeons heirs. This is a BETA experience. With some $77 billion in assets, Vista is one of the best-performing private equity firms, posting annualized returns of 22% since inception. Why is late stage cancer rarely operable? The two companies have already signed a definitive . We're dedicated to helping turn aspirations into reality. He is understated but extremely effective, says David Solomon, CEO of Goldman Sachs. Roundup of 2022: GovCons Top 22 M&A Transactions With Business Leaders Strategic Outlook, Veritas Buys Sequa From Carlyle, Adds Chromalloy to Portfolio; Ramzi Musallam Quoted, Veritas Pushes Into Space Tech Sector With Buy of CAES Unit; Ramzi Musallam Quoted, DHS S&Ts Biometric Tech Rally Highlights Efficacy of Group Facial Recognition Systems, Col. Meredith Beg Leads the Way for SSCs Space Access, Mobility & Logistics Program, OMB Memo Requires Agencies to Remove TikTok From Federal Devices, Defense Logistics Agency Unit Develops Advanced Battery Technologies for Warfighters, Dawn Schaible Becomes Permanent Deputy Director of NASAs Glenn Research Center, Singapore to Buy 8 Additional Lockheeed-Built F-35B Jets, Aerojet Rocketdyne Logs Milestone in Patriot Missile Attitude Control Motor Delivery, Google to Help Modernize Digital Experience for Presidential Museum Visitors, 10 Teams Win DOE Contest for Energy Storage Innovations, Austin Pugh Named VP of Government Business Development at Aautonomy Tech Developer Merlin, Business Mission Edge Books Army HR IT Support Task Order, Maxar to Continue Work on Armys One World Terrain Program Under OTA Phase 3B; Tony Frazier Quoted. Stephen Burke - JPMorgan Chase. Asia Pacific +65 6212 1000. Image Title: Ramzi Musallam Source: Forbes Credit: PHOTO BY JAMEL TOPPIN . For most financiers, "government" is a four-letter word. Second, Musallam figured out that defense contractors would be fertile buyout targets for funds willing to deal with the idiosyncrasies of government contracting. Executive Mosaic is honored to announce Ramzi Musallam, CEO and managing partner of Veritas Capital, as an inductee into the 2019 edition of Wash100 "" Executive Mosaic"s annual selection of the most influential voices in the government contracting arena "" for leading the company"s mergers and acquisition . Vista Equity Partners founder Robert F. Smith. Minimum Fortune To Make the Cut Reaches A Record-Breaking $2.9 Billion And The Collective Net Worth Of The 2021 List Makers Surges To A Historic $4.5 Trillion. Behdad Eghbali Meet Ramzi Musallam, Wall Street's Top-Secret Billionaire Investor For most financiers, "government" is a four-letter word. The government contracting (GovCon) community, by comparison, is a relatively small segment of that. ), For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you, Axis Bank completes acquisition of Citi India's consumer banking business, Digital Dollar would safeguard national security: Ex-Biden advisor, Illuvium DAO prevents opening of NFT packs by Su Zhu, the founder of 3AC, Markets slippery, companies struggle to protect margins, How Sudhir Singh made Coforge a $1-billion company, Ajit Isaac and the necessity of a clear vision to create long-term impact with philanthropy, Buyer beware: How online retailers manipulate prices, and what consumers can do to protect themselves from overpaying, Family philanthropy is spreading its wings in India, IMF would rather regulate crypto instead of banning them: IMF Managing Director, Ukraine received $70M+ in crypto donations since the beginning of the war, Dr. Dutta talks about Cardiovascular Health : Congenital heart defects, Photo of the day: Mobile World Congress: Urban aircraft taxi, Giant Pinta tortoises to Catarina pupfish, 11 extinct-in-the-wild species are stuck in conservation limbo, From Balenciaga to Vivienne Westwood and Paco Rabanne, Paris Fashion Week coloured by scandal and grief, It was just so devastating, Musallam says. (This story appears in the 19 November, 2021 issue of Forbes India. As this week's UAE-Bahrain-Israel deal noticeably lacked a Palestinian perspective, the popular Palestinian diaspora band provides one with their latest albumand it may just make you want to dance. . On a more personal level, looking past the challenges of business, the intricacies of government and the volatility of the market, Musallam prioritizes enjoying the journey. returned to the Middle East; his second son, Ramzi, was born in 1968 in Amman, constantly. Veritas had BeyondTrust boost its R&D spending by, 44 percent to bolster its products, which stop both rogue employees and external, bad guys from hacking in. Following its premier at the UN General Assembly in New York, a new docu-series about sustainable fashion by creative agency Fashion 4 Change is hoping to go mainstream. When he graduated in 1998, Musallam headed to New York, where he, Perella & Co, the pioneering investment bank co-founded by Bruce Wasserstein and, immortalised in a 1989 Forbes story, Bid em Up Bruce, which described how the, firms clients were often coaxed into overpaying for targets. That is not Ramzi. COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED. PUBLISHED Get premium, high resolution news photos at Getty Images While Veritas higher purpose is protecting and bettering American assets, the firm is, at its core, a financial institution beholden to its investors, as Musallam mentioned. In the second spot, with a net worth of $9.9 billion, is Leon Black, the former chairman and CEO of private equity firm Apollo Global Management, which manages over $470 billion in assets. He is one of a handful of financiers with top government security clearance. You may opt-out by, He traveled across America to meet with Veritas investors, ultimately convincing every one of them, to stick with him and his team, partly by cutting Veritas management fees. $350 million just from DynCorp, a military contractor that was sold in 2010. Musallam renamed the Thomson Reuters unit Truven Health Analytics and initiated $165 million of new capital expenditures to help transform the company from a mere data provider into a business that could help customers learn how to provide better care while reducing costs and waste. His only partner was Thomas Campbell, a fellow banker who, had left Wasserstein Perella with him to start Veritas and who McKeon would shove, to move beyond his deal-by-deal approach and raise private equity funds from, institutional investors that would lock up cash for years. If the Supreme Court adopts the governments position, government officials can violate theConstitutionwithout consequence. Related by origin of wealth: private equity. He is the Founding Member of the Firm's first institutional fundraised in 1998. He was, Health care is a broken system, Musallam says. That gave them flexibility and helped the business grow. Veritas had BeyondTrust boost its R&D spending by 44% to bolster its products, which stop both rogue employees and external bad guys from hacking in. He estimates the value around $60,000-$70,000. Veritas Pushes Into Space Tech Sector With Buy of CAES Unit; Ramzi Musallam Quoted. Sign Up Now! This question was originally answered on Quora by Ramzi Amri. Forbes India How Veritas Capital's Ramzi Musallam turned tragedy into the American dream Funding Round Mar 1, 2020 MUSA raised an undisclosed amount / Non Equity Assistance from SkyDeck Berkeley At the same time, Musallam had to persuade McKeons estate, controlled by one of his brothers and established for the benefit of his four children, to transfer McKeons Veritas ownership to him. Musallam had come onboard in 1998 and was Veritas second-highest-ranking, executive. With Handiss, a talent marketplace for construction professionals, Lebanon joins the freelance revolution. Enter your account data and we will send you a link to reset your password. Forbes lists 126 billionaires in New York. Simultaneously, the great bull market had outside investors lining up to own stakes in Wall Streets most successful firms, and in 2020, New Yorkbased Dyal Capital approached Musallam to buy a stake in the business. Leading the list this year is Stephen Schwarzman, chairman and CEO of Blackstone Group, with a net worth of $37.4 billion. In leading the 13 companies and 70,000 team members existent in Veritas private equity portfolio, Musallam takes seriously the sizable receipt of federal funds and the responsibilities that come with that privilege. In 2015 Veritas, together, StandardAero quickly expanded in Europe and Asia. For most financiers, government is a four-letter word. Musallam jumped in his car and raced the 40 miles from Midtown Manhattan to, Darien, Connecticut. Submit your news Absent Musallams efforts to get investor buy-ins, the, whole firm would have collapsed, so his negotiating position with the family was, exchange for 10 percent of the proceeds of any future sale of its management. Thepackage also includes a look atjust how philanthropic Americas richest are. He helped build Tesla. Americas +1 212 318 2000. Veritas . The funding was raised in two months after Veritas' first engagement with investors was oversubscribed. GovCon Wire provides you with Daily Updates and News Briefings about Technology. GovCon Wire is always on top of the most recent contracting sector activity and is updated in real time as the news breaks. Ramzi Musallam Found 4 people in New Jersey, New York and 5 other states. Despite the uncertainty and the ever-changing market economy, the 2021 Forbes 400 shows that Americas wealthiest have grown far richer, said Kerry A. Dolan, Assistant Managing Editor, Wealth at Forbes. We really havent patterned ourselves after anyone, posited Musallam. At 53, Musallam finds himself worth an estimated $4 billion, good enough for a debut appearance on this years Forbes 400. by-deal basis from a network of CEOs, including Chevrons George Keller and Fords, Harold Red Poling. But if you have a strategy without teams who can obviously execute against that, you dont really have anything.. I dont get stressed, Musallam says. After going public in 2010 and shifting from a partnership to a corporation in 2018, KKR now manages some $429 billion in assets. From the large infrastructure projects that the government is investing into, Egypt is on a new path of vast growth. If you continue to use this site, you consent to our use of cookies. Veritas specializes in acquiring companies in heavily regulated industries like national security, healthcare and . 2. Instead, Musallam persuaded them to bet on him. He persevered, eventually earning, a civil engineering degree from the University of Missouri before settlingand, prosperingin Effingham, Illinois. He is also Manager for Pgsi Manager LLC and Managing Member at Pgsi Holdings LLC and on the board of 21 other companies. This is not to say that the []. Photo Of The Day: Hope, faith, and victory. Forbes champions success by celebrating those who have made it, and those who aspire to make it. Black, who still owns 23% of Apollo, left the private equity giant in March 2021 after a board investigation found he had paid $158 million in fees to Jeffrey Epstein, the deceased financier who was charged with sex trafficking in 2019. Despite his ease navigating Washington and Wall Street, Musallam shuns publicity. Veritas' funds have generated mind-boggling internal rates of . Chief Executive Officer & Managing Partner. Mr. Ramzi Musallam is a Founding Member and serves as Chief Executive Officer and Managing Partner at Veritas Capital. Veritas Capital, a New York City-based multi-strategy investment firm run byRamzi Musallam, is the parent company behind some of the largest, fastest-growing government technology companies, including Peraton, Cubic, Guidehouse and others. Tied with Smith is Michael Kim, cofounder of Seoul-based private equity firm MBK Partners. When one looked particularly promising, McKeon would take a cue from Bruce Wasserstein and grab more of the riches for himself. The artist formerly known as Withings may be up for sale with Google-owned Nest in the running. As the son of a civil engineer for the U.S. Army Corps of Engineers, Musallam grew up in emerging markets around the world, and he attributes much of his enterprising approach to his family. Shleifer helped cofound the private equity practice at Tiger Global in 2003, which he currently manageswith some of his best investments for the firm coming in China. The acquisition comes in the same week that Peraton announced plans to acquire Perspecta for $7.1 billion. Ramzi Musallam, Veritas Capital CEO & Managing Partner, Receives 2022 Wash100 Recognition for Asset Growth Strategy and Fund Management Leadership . The fortunes of Americas richest private equity tycoons have risen in tandem. The 22 members on the latest Forbes 400 list who made their fortunes in private equity are now worth a combined $153.7 billion. Net worth = $3.3 billion. In court, Musallam claimed he stayed true to the contract. Six persons, including Lois Harris, Lea Musallam, Lea S Musallam, Ramzi M Musallam, Ramzi L Musallam, Lea R Musallam, listed the phone number (908) 918-0134 as their own, various documents indicated. Fifty-one people dropped off since last years list, including former president Donald Trump, media mogul Oprah Winfrey and Boston Beer cofounder Jim Koch. Let's go! Paul Zimmerman/Getty Images 19. In 2014, Musallam bought a busted security startup called BeyondTrust, putting up $145 million of equity in a $310 million buyout. Ramzi Musallam, CEO and managing partner of Veritas Capital, recently participated in an exclusive interview with GovConWire, the leading publication for breaking news in the GovCon industry, to . In a statement published Tuesday, Ramzi Musallam, CEO and managing partner of Veritas, highlighted Chromalloys position in the engine aftermarket, Veritas Capital has agreed to acquire a CAES division that manufactures radiation-hardened microelectronic products and subsystems intended for space operations. Ramzi Musallam. to cheat them out of their right to 10 percent of the proceeds of any sale of the firm, some $20 million. Since Musallam took over, Veritas' assets under management have grown . While many buyout firms try to avoid investing in areas affected by government interference, Musallams strategy hinges on understanding what the most influential player in the global economy will do next. The archbishop claims he had several items stolen from his car: crosses, his crown, $4,000 in cash, his laptop, and several other items. While dealing with McKeons family, Musallam worked from a desk near a large picture of his father, Samih, who died a decade ago. Private equity giant, Ramzi Musallam, makes the # ForbesList.The achievement honors the legacy of Robert McKeon, the # wasserella alumnus who mentored him. While much of the world is recovering from the financial impact of the Covid-19 pandemic, the members of The Forbes 400 are doing better than ever. His strategy is driven by a deep desire to make a positive impact in the vital areas Veritas focuses on. Previously, Ramzi was a Chief Executive Officer & Managing Partner at Capital Fund Management and also held positions at Capital Fund Management, Peraton, All Hands and Hearts, Salient CRGT, Amentum, MicroVault Form Alliance, Communications & Power . sued Musallam for breach of contract, claiming the $200 million loan was designed. Simultaneously, the great, bull market had outside investors lining up to own stakes in Wall Streets most, successful firms, and in 2020, New Yorkbased Dyal Capital approached Musallam, to buy a stake in the business. Regarding Veritas and its portfolio organizations responsive approach to the governments needs, Musallam said: Were good listeners, and thats not only amongst ourselves and our investment teams, but also our management teamsUnderstanding what those customers are trying to achieve, not today necessarily, but a year from now, five years from now, 10 years from now, is very important to us.. funneling most of his units profits to Bruce Wasserstein. He studied economics at Colgate University and started on Wall Street as a JPMorgan investment banker in 1990 before jumping two years later into private equity at a boutique firm, Berkshire Partners. Ramzi Musallam, CEO and managing partner of Veritas Capital, has been selected to receive a 2022 Wash100 Award.This marks his seventh consecutive selection to Executive Mosaic's prestigious . Meet Ramzi Musallam, Wall Street's Top-Secret Billionaire Investor - Forbes . The score ranks list members on a scale of 1 to 5, with 5 being the most philanthropic. Musallam was in shock. Read about how we use cookies and how you can control them on our Privacy Policy. Ramzi Musallam has a Bachelor of Arts in Mathematical Economics from Colgate University and a Master of Business Administration from University of Chicago - Booth School of Business. Defense deals would become Veritas bread, I was very focussed because I knew in my heart that we had a tremendous, He traveled across America to meet with Veritas investors, ultimately convincing, At the same time, Musallam had to persuade McKeons estate, controlled by one of, By January 2013, McKeons family agreed to transfer ownership of Veritas in, He was not just dealing with the investors and the firmhe was dealing with losing, For years, Musallam was obsessed with the digitisation of health records. Ramzi Musallam, CEO and Managing Partner, Veritas Capital. McKeons death tripped Veritas key-person provision, giving investors the right to walk away, destroying the firm. While private equity took a hit during the height of the pandemic in 2020as investors saw portfolio companies in battered industries strugglethings have since rebounded, with a frenetic pace of deal making in the first six months of this year, according to recent data from Pitchbook. Net worth = $4 billion. Hes overlooking and watching me., This is a BETA experience. "Over the course of our successful partnership with Bob and the management team, athenahealth has driven tremendous growth and transformation, reinforcing its position as the premier healthcare IT company supporting the largest nationwide network of healthcare providers," said Ramzi Musallam, CEO and managing partner of Veritas Capital, in a . like Weems, who controlled one of the largest budgets in the US government. Unfortunately, the Dyal deal upset Robert McKeons heirs. For as long as I had known him, we had worked together. Ramzi Musallam has grabbed limelight as he turned a tragedy into fortune. # wasserella alumnus who mentored him. Musallam had six months before the investor spigot would turn off. What Makes Some Forms Of Cancer Inoperable? We got, 100 percent approval from our investor base, which nobody thought we could get., his brothers and established for the benefit of his four children, to transfer McKeons, Veritas ownership to him. About us Over the course of theWash100 Awards nine years of actively recognizing the top names in the federal contracting industry, 40 executives have been or are currently associated with Veritas Capital. The aggregate wealth of The Forbes 400 reached a record-breaking $4.5 trillion, and the minimum net worth needed to make the cut for this years list rose to a record high of $2.9 billion, up from $2.1 billion last year. Latest Federal & Government Contracting Companies' News Coverage, by Since Musallam took over, Veritas' assets under management have grown from $2 billion to $39.5 billion. David Shaw But going even further than just delivering these stellar returns, Musallam wants to see the firm, its investors and its customers succeed, and hes personally willing to get his hands dirty to make it happen. He rarely speaks to the press. It would sell the company to General Dynamics four years later for a $350 million profit. Part of the firms strategy for accomplishing this goal is fostering, and in some ways, requiring collaboration among its portfolio companies, which are often situated in the same competitive markets. Despite his ease navigating Washington and Wall Street, Musallam shuns publicity. He then headed to the University of Chicago for business school, where he talked himself into a job with the investment operation of Jay Pritzker, the billionaire who built the Hyatt Hotels chain. Support. If you continue to use this site, you consent to our use of cookies. Ramzi Musallam, CEO of Veritas Capital since 2012. Forbes Medias brand extensions include real estate, education and financial services license agreements. Now he's gunning for it. My fundamental belief is that, In 2012, Musallam approached information giant Thomson Reuters about buying the, Musallam renamed the Thomson Reuters unit Truven Health Analytics and initiated. Calendar year 2021 . There was no iPad. When one looked particularly promising, McKeon would take a cue from, Bruce Wasserstein and grab more of the riches for himself. Veritas invests in technology-focused companies and is guided by an overarching mission of leveraging technology to effect positive change in three critical areas that impact each and every one healthcare, education and national security. This case was filed in New York County Courts, Supreme Court Civil Term located in Washington, New York. EMEA +44 20 7330 7500. Through executive interviews, policy spotlights and news stories on corporate activity, ExecutiveBiz stays on top of whats shaping the industry and how GovCon leaders are positioning their businesses to win the federal business of tomorrow. He was a force of nature. Years later, the hasty deal would produce bad bloodand a lawsuitbetween Musallam and McKeons family. Only eight members of the Forbes 400 have given away more than 20 percent of their net worth in their lifetime. For the most part, this decline was the product of the coronavirus-driven panic selling that occurred in the ensuing two weeks, which had the stock closing at just 95 cents on March 20. First, he helped convince McKeon to move beyond his deal-by-deal approach and raise private equity funds from institutional investors that would lock up cash for years. Instead, Musallam prefers to tap into decades of relationships. Now, Musallam makes up for the physical distance between New York City and Washington, D.C. with his top government security clearance an asset not many financial firms, nor their leaders, have. To speed things along, Truven was, Lockheed Martin that had already developed efficient algorithms to analyse, government customers such as Medicare for the first time. Financial terms of the deal were not disclosed and the pending acquisition of CAES Space Systems is expected to close in the first quarter of 2023, Veritas said Thursday. A Palestinian Christian born in Jerusalem, Ramzis father, Samih Musallam, landed in New York City in late 1950, shortly after the first Arab-Israeli war in 1948. speaks to the press. to government because government is at the forefront of all the complexities and issues that confront us," said Musallam, who was featured in the Forbes 400 list for 2021. She informed him that a call had come in aboutMusallams boss, Robert McKeon. Troy Somero - Spotify. Musallam was certain that Veritas needed to go big on health care dataand after putting up $465 million, Veritas was able to acquire the group in a $1.3 billion leveraged buyout, making it one of the firms largest bets. Articles & Insights Had enough of those investors, walked away, it would have destroyed the firm. His family was once held at gunpoint in Tanzania and shaken down by. But private equity billionaire Ramzi Musallam has turned tragedy into a Forbes 400 fortune by distilling the motivations of the largest . Since Musallam took over, Veritas' assets under management have grown from $2 billion to $43 billion. Ramzi Musallam, CEO of Veritas Capital since 2012. 15 Under 40: The Youngest Billionaires On The 2021 Forbes 400, Meet The 44 Newcomers Joining The Forbes 400 List Of America's Richest People, The Richest Women In America: 2021 Forbes 400, The 2021 Forbes 400 List Of Richest Americans: Facts AndFigures, Donald Trump Falls Off The Forbes 400 For First Time In 25Years, 2021 Forbes 400 Methodology: How We Crunch The Numbers, The Forbes 400 Self-Made Score 2021: From Silver Spooners To Bootstrappers, Video: Why This Billionaire-Owned Thoroughbred Horse Farm Is Worth $400 Million. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. CEO and managing partner, Veritas Capital. BeyondTrusts revenue swelled, growing 20 percent a. year, and in 2018 Veritas sold it for $755 million, making 3.8 times what it put in. When he graduated in 1997, Musallam headed to New York, where he was hired by Robert McKeon. with some co-investors, put down $845 million to buy flailing aerospace repair, company StandardAero from Dubai Aerospace in a $2.1 billion deal. In court filings, Musallam claimed he stayed true to the contract. BeyondTrusts revenue swelled, growing 20% a year, and in 2018 Veritas sold it for $755 million, making 3.8 times what it put in. Many in this arena are aware that the U.S. government is not known for speed; being a vendor in the federal market requires constant calibration around government budgets, processes and timeframes. Is it true that bananas are radioactive, and if you eat too many they can kill you? In this piece, Forbes presents private equity billionaire Ramzi Musallam and mentions that the most reliable data on private equity stems from HEC Paris Business School professor Oliver Gottschalg. Veritas Capital is at the center of the government contracting world with the investment companys stake in several different major government technology companies, includingPeraton andGuidehouse. In 2015 Veritas, together with some co-investors, put down $845 million to buy flailing aerospace repair company Standard-Aero from Dubai Aerospace in a $2.1 billion deal. The 2021 list features 44 newcomers, including: Melinda French Gates, co-chair of the Bill & Melinda Gates Foundation; bitcoin billionaires Cameron and Tyler Winklevoss; Noubar Afeyan, cofounder of the Covid-19 vaccine maker Moderna, among others. The price to rent a two bedroom unit in the zip code 07901 is around $2,060. Health care is a broken system, Musallam says. Donald Trumps real net worth? Ramzi M. Musallam is the managing partner of Fund IV LLC and Veritas Capital Partners III, L.L.C., a Delaware limited liability company ("Fund III LLC"), which is the general partner of The Veritas Capital Fund III, L.P., a Delaware limited partnership ("Fund III"), which is the managing member of KGS LLC. . In September, New York State Supreme Court Justice Jennifer Schecter agreed with Musallam and tossed out the case. Chapel director Archbishop Ramzi Musallam and his staff plan to honor the heroes of United Airlines Flight 93 with an ecumenical prayer service. In 2016 Truven sold to. For the complete Forbes 400 ranking, methodology and more, visit: www.forbes.com/forbes-400/. multiples of what the entire venture capital community investsdozens of different, federal agencies investing directly into companies, Musallam says. His family was once held at gunpoint in Tanzania and shaken down by bandits on a dirt road. "I, and the firm, maintain a very close proximity to government because government is at the forefront of all the complexities and issues that confront us.". For most financiers, government is a four-letter word. Each year as part of the Forbes 400 package, Forbes scores billionaires based on their respective philanthropic contributions. in Pine Brook, New Jersey. $2.5 billion, according to our most recent tally. In 2019, Musallam sold StandardAero to Carlyle Group for $5.3 billion. For Veritas, the federal contracting market is not a new one, and the firm has survived (and thrived) within its constantly changing landscape. After his close friend was killed that day, on the historic flight from Boston, Musallam was galvanized to make a difference in the world and serve as a steward of national assets. Schwarzman ranks 19th overall on The Forbes 400; His net worth is up nearly 96% from a year ago, thanks to shares of Blackstone rising 116% over that period. In 2012, Musallam approached information giant Thomson Reuters about buying the businesses it had cobbled together to provide data on insurance claims and health care expenditures to hospitals and insurance companies. Musallam, who is a member of the esteemed Forbes 400,also outlined his unique family history and business context. His first night at the YMCA, all his belongings were stolen. Musallam became CEO of private equity outfit Veritas Capital in 2012; he has since grown the firms assets under management from $2 billion to $30 billion. At 38, Robert McKeon was a Wall Street wunderkind doing big deals at Wasserstein Perella, such as a reported $300 million buyout of makeup company Maybelline in 1990. Musallam made a habit of staying close to people. The wealthiest Americans collectively saw a 40 percent increase over last year and nearly all are richer than they were last year.. Musallam had, just raised $1.9 billion for Veritas first new fund under his watch and wagered a big, chunk of it on the Scottsdale, Arizona, company. Ramzi Musallam. We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. He then headed to, the University of Chicago for business school, where he talked himself into a job, with the investment operation of Jay Pritzker, the, Hotels chain. We do this by providing consumers with the . He has spent much of his time in sensitive compartmented information facilities, known as SCIFs, meeting with military, intelligence and government officials and gaining a deeper understanding of the classified community.

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