HE'S got the biggest living room in the city, but for his coronation last night as the new king of Wall Street, buyout billionaire Stephen Schwarzman rented the cavernous Park Avenue Armory and felt right at home there - he decorated it as his palatial parlor.
Some 500 guests toasted Schwarzman on his 60th birthday, hailing him for reeling in the world's biggest buyout just four days earlier: the $39 billion deal involving commercial-building empire Equity Office Group. It broke the long-held record of financier Henry Kravis, who turned down his invite.
Those who came enjoyed a $1 million private concert by Rod Stewart, free-flowing wine and nonstop courses of gourmet feasting in a party said to top $3 million.
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