The son of Hungarian émigrés who left Hungary in 1944. A graduate of Cornell University as College Scholar and Columbia Graduate School. Balazs studied humanities at Cornell University, then got a masters degree in a joint journalism and business program at Columbia University. After college, he worked on a senate campaign and later founded a biotech company with his father. He subsequently became a developer and hotelier with the acquisition of famed Chateau Marmont in 1990.
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