Managing director, Carlyle Group
Rank change: New
NEXT: 36. Phillip Lim and Wen Zhou
Palmer joined Carlyle in 1996 and focused on the industries that put the firm on the map -- aerospace, defense, and government services. The skilled navigator of Wall Street and
Capitol Hill was discovered while working at Lehman Brothers by Carlyle co-founder Bill Conway (Palmer was working on an IPO for Carlyle). His deals have been consistent hits, and
insiders say he could someday be part of the elite team that leads the firm.
Sibling bailout: Finance has been kindest to Palmer, whose brother and sisters worked, respectively, at now defunct Lehman, Bear Stearns, and Merrill Lynch.