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It’s Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity

Its members are so rich that, in rarefied corners of Wall Street, they seem less like actual people than vast investment empires. This unofficial list represents the first, rough cut of the most sought-after banking clients at JPMorgan Chase & Co., and it is by no means complete. Private equity—that lucrative and, at times, controversial force of modern finance—has become a playground of the new aristocracy.