The narrow, 104-mile strait is the main choke point separating the Persian Gulf—and the daily flow of nearly 20 million barrels of oil—from the Indian Ocean and global energy markets. Nearly 20% of global oil and natural gas exports flow through the strait each day—until now. Saudi Arabia, Iraq, Iran, Kuwait, Qatar, and the United Arab Emirates all depend on the waterway for their exports.
Fast-forward four decades later, and the 79-year-old CEO and chairman is still at the helm of the financial giant. But looking back on his career, Schwarzman advised young professionals against a work habit that completely wrecked his nervous system.
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