The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything Free Audiobook Download by Jason Kelly

Private equity is a trillion dollar industry that has been quietly dominating the corporate world for nearly 30 years. For the first time, a new book reveals how private equity firms set up shop in every sector of the economy and take over entire companies. The New Tycoons outlines what private equity does, who runs these firms, and where they pull their money from.

This audiobook is about the trillion dollar private equity industry that owns everything. The New Tycoons has two narrators, Brett Barry and Mike Rogers. Brett Barry does most of the narration. I liked the way he narrated. He was very likable and easy to listen to. Mike Rogers reads a little more of the reading passages in this audiobook which are very detailed and technical.

This book is a well-researched and eye-opening look into the private equity industry. It provides insight on how private equity funds operate, looking primarily at the boom that occurred in 2004 to 2007. Private equity funds have been around for decades, but it wasn't until 2004 that they experienced rapid growth thanks in part to the strong liquidity of debt, which allowed them to invest heavily and offer high returns.

Private equity firms have been quietly buying up companies, restructuring them and then selling them for a profit for years. But what has not been as well understood is how leveraged buyout firms are financing their deals. There are huge fees to cover the debt pile that these corporations take on before being taken over, which is why these guys make so much money. This audiobook will tell the story of how private equity has become more powerful than finance in the modern world.

[Brett Barry] is an expert in the field of private equity and a managing partner at Cerberus Capital Management, one of America’s largest private equity firms. He has spent years mentoring and advising some of the most talented and successful entrepreneurs in the world. In The New Tycoons: Inside the Trillion-Dollar Private Equity Industry That Owns Everything, he reveals how private equity firms like Cerberus are changing the way business is done today.

Private equity firms have over the past 50 years been buying up strategic industries, and they are now worth a staggering $1.5 trillion, according to research by financial services company Boston Consulting Group. Private equity firms are launching an intense assault on all industries. They buy companies, change their products and squeeze them for every penny they can before selling them off for a huge profit. This ruthless strategy has created a large number of billionaires and millionaires with many more private equity bosses among the richest people in the world, but it has also led to some terrible consequences for workers across America who have seen their jobs outsourced or threatened with automation.