Net Worth:$35 BillionAge:75Born:February 14, 1947Gender:MaleHeight:1.72 m (5 ft 8 in)Country of Origin:United States of AmericaSource of Wealth:EntrepreneurLast Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! Powered and implemented by Interactive Data Managed Solutions. [75] It also planned to raise a fund on the Amsterdam stock exchange in 2006, but its rival, Kohlberg Kravis Roberts & Co., launched a $5 billion fund there that soaked up all demand for such funds, and Blackstone abandoned its project. (Related: BlackRock CEO Email & Net Worth Larry Fink). Blackstone IncBX CEOSteve Schwarzman, the head of the largest private equity firm on the planet,received record incomein 2022. A patient leader sets realistic timeframes and sticks to them. (Bloomberg) -- Blackstone Inc. Chief Executive Officer Steve Schwarzman took home a record $1.27 billion for 2022, as the investing titan continued building his fortune into one of the worlds largest. Leading the list this year is Stephen Schwarzman, chairman and CEO of Blackstone Group, with a net worth of $37.4 billion. The largest investors in the first fund included Prudential Insurance Company, Nikko Securities and the General Motors pension fund. Schwarzman received roughly $1 billion in dividends from his 20% stake in the New York-based private investment company. Blackstone has a performance-driven compensation model that is built on long-term alignment with our investors, a spokesman said in a statement. Maryse Ouellet is one of the most iconic Divas in the WWE, and she has made millions kicking ass in the ring. [4]:225 The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. (Suggested: Stripe CEO Email & Net Worth Patrick Collison), Your email address will not be published. [172][173], The company has invested in companies with links to the commercialization and deforestation of the Amazon rainforest.[174][175][176][177]. [6][7][8] The two founders had previously worked together at Lehman Brothers. Blackstone has a performance-driven compensation model built on long-term alignment with our investors, Blackstones spokesman said in a statement. Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. Schwarzman is also a published author. Manage Settings Today Blackrock has $8.7 trillion in assets Last year, Blackstones shares delivered total losses of 40%, when accounting for dividends. His second wife is Christine Hearst whom he married in 1995, professionally she is an intellectual property lawyer and has one child from a previous marriage. This represented the largest leveraged buyout completed since the takeover of RJR Nabisco at the end of the 1980s leveraged buyout boom. The transaction represented one of the first large club deals completed since the collapse of the Dot-com bubble. Schwarzman, 74, grew up the son of a dry goods store owner. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2014-2023 Wealthy Gorilla | Owned & operated by Wealthy Gorilla LLC | Wealthy Gorilla is a registered Trademark. He then attended Harvard Business School and graduated from there in 1972. Also, in 1996, Blackstone partnered with the Loewen Group, the second largest funeral home and cemetery operator in North America, to acquire funeral home and cemetery businesses. Schwarzmans net worth is estimated at a whopping $18.8 billion as per the present. Blackstone Group on November 15, 2019, invested $167 million in the holding company of Future Lifestyle Fashions Ltd., Ryka Commercial Ventures Pvt. The son of a dry goods store owner, Schwarzman, 69, is ranked by Forbes as the 100th richest man in the United States, with an estimated net worth of $12 billion. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The Blackstone CEO has a net worth of USD 30.6 billion, according to the Bloomberg Billionaires Index. [167], On December 1, 2022, Blackstone Inc. restricted withdrawals from its $125 billion real estate investment fund BRIET due to a surge in redemption requests from investors. Last month it also partnered with Starwood Capital to buy Extended Stay America for $6 billion and on Sunday announced plans to open an office in Tel Aviv with an eye toward further tapping into Israels booming tech sector. This is a BETA experience. Following the acquisition, Blackstone merged GSO's operations with its existing debt investment operations. Blackstone CEO Steve Schwarzman takes home a record $1.27 bn in 2022 Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. Blackstone's largest transaction, the $26 billion buyout of Hilton Hotels Corporation occurred in 2007 under the tenure of Hilton CFO Stephen Bollenbach. - October 27, 1997", The Loewen Group and Blackstone Capital Partners form corporate venture to acquire Prime Succession, Loewen And Blackstone To Make Joint Purchase, Loewen Buys Big Cemetery, And Its Suitor Criticizes Deal, Red-Hot Revival in Real Estate; Overheating Is Feared With Surge in Vulture Investing, "Blackstone Group Creates Buyout Fund for $4 Billion", A.I.G. The annual haul, up from about $1.1 billion a year earlier, underscores Schwarzmans status as one of Wall Streets highest earners with a net worth of $30.6 billion, according to the Bloomberg Billionaires Index. On July 15, 2019, Blackstone announced its plans to acquire Vungle Inc., a leading mobile performance marketing platform. When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. [170] GSO was founded in 2005 by Bennett Goodman, Tripp Smith, and Doug Ostrover. Today, he is best known for being the co-founder of The Blackstone Group. Being born on 14 February 1947, Stephen Schwarzman is 76 years old as of todays date 1st March 2023. He became a member of the International Advisory Board of the Russian Direct Investment Fund in September 2011. Blackstone had been an original investor in GSO's funds. The firm delivered record distributable earnings and realised some of its most profitable fund investments last year, he said. Blackstone Chief Executive Officer Steve Schwarzman took home a Offers may be subject to change without notice. His father, Joseph Schwarzman, was the owner of Schwarzmans, a former store that dealt with dry-goods. Blackstone's investment in Allied was one of its largest at that point in the firm's history. [4]:145146, Blackstone's investments in telecommunications businessesfour cable TV systems in rural areas (TW Fanch 1 and 2, Bresnan Communications and Intermedia Partners IV) and a cell phone operator in the [22] That same year, Blackstone formed a partnership with J. O. Hambro Magan in the UK and Indosuez in France. He has three children including a stepchild from his second wife Christine, a lawyer of intellectual property. Still, Blackstones dealmakers were able to generate more from selling out of deals in 2022 than the prior year. Schwarzman took home more than $1.27 billion last year in compensation and dividends,reportsBloomberg. I own a lot of stock, and I invest in all of our funds, so the firm is my family office, Schwarzman, 76, said at an industry conference this year. Stephen was business-oriented even at a very young age his entrepreneurial skills were recognizable, his very first business was a lawn mowing operation where he employed his younger twin brothers to Mow while he sourced for clients, at this time he was just 14 years old. As of March 2023, Stephen Schwarzmans net worth is estimated to be $35 Billion. Your email address will not be published. In January 2008, Blackstone made a small co-investment alongside TPG Capital and Apollo Management in their buyout of Harrah's Entertainment, although that transaction had been announced during the buyout boom period. Blackstone CEO Steve Schwarzman earned an astonishing $1.3 billion last year and lifted his net worth to over $30 billion. HE'S THE KING OF FRANCHISING, FOR ONE THING. His net worth will most definitely grow in the future because he is one of the owners of the high-end business. 1998-2022 Diligent Media Corporation Limited, All Rights Reserved. In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions. All rights reserved. [14][15], As the business grew, Japanese bank Nikko Securities acquired a 20% interest in Blackstone for a $100 million investment in 1988 (valuing the firm at $500 million). [40], Blackstone's investments in the late 1990s included AMF Group (1996), Haynes International (1997), American Axle (1997), Premcor (1997), CommNet Cellular (1998), Graham Packaging (1998), Centennial Communications (1999), Bresnan Communications (1999), PAETEC Holding Corp. (1999). In February 2016, Blackstone sold four office buildings to, In April 2016, Blackstone acquired 84 percent of, On June 19, 2017, Blackstone acquired a majority interest in, In July 2017, the company announced an investment in, In January 2018, the company acquired Pure Industrial, a Canadian, In January 2018, the company announced acquisition agreement for 55% of. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. His heir apparent as CEO, Blackstone president Jon Gray, collected $US479.2 million in 2022, including $US182.7 million from dividends tied to a roughly 3 per cent stake in the firm. At the end of 2002, Blackstone, together with Thomas H. Lee Partners and Bain Capital, acquired Houghton Mifflin Company for $1.28 billion. According to the Bloomberg Billionaire Index, his net worth is $30.6 billion. Bain and Blackstone narrowly beat out, Travelport, the parent of the travel website Orbitz.com, was acquired from, In October 2006 Blackstone, together with. Blackstone acquired Prime Hospitality[54] and Extended Stay America in 2004. According to reports, Schwarzman earned around USD 1 billion in dividends and USD 253.1 million in compensation. Blackstone chief executive Steve Schwarzman took home a record $US1.27 billion ($1.89 billion) in 2022, as the investing titan further built his fortune into one of the worlds largest. Blackstone chief executive Steve Schwarzman took home a record $US1.27 billion ($1.89 billion) in 2022, as the investing titan further built his fortune into one of the [164], In 2014, Blackstone sold Northern California office buildings for $3.5 billion. After a resistance of residents and questions regarding the legality of the purchase agreement, Blackstone withdrew from it in October 2019. Initially, the company focused on Mergers and Acquisitions, it diversified and branched into direct lending, Alternative Assets, and Real Estate, as per the present it has $500 billion in assets under management. As of 2022, Stephen Schwarzmans net worth is estimated to be between 30-45 billion USD. It denied blame, although Blackstone was widely accused in the media for selling on the company with an unsustainable business model and crippled with an impossible sale and leaseback strategy. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Blackstone has outperformed the market over the past 15 years by 5.0% annually. Mr Schwarzman, who owns some 20 per cent of Blackstone shares, reaped roughly $US1 billion in dividends alone. He had established The Blackstone Group, a global private equity firm in 1985 with Peter G. Peterson, former chairman and CEO of Lehman Brothers and US Secretary of Commerce under President Richard Nixon. The Blackstone CEO has a net worth of USD 30.6 billion, according to the Bloomberg Billionaires Index. [14], In March 2008, Blackstone acquired GSO Capital Partners, a credit-oriented alternative asset manager, for $620 million in cash and stock and up to $310 million through an earnout over the next five years based on earnings targets. I own a lot of stock, and I invest in all of our funds, so the firm is my family office, Bloomberg quoted Schwarzman as saying. Though neither is paid an annual cash bonus, they still collect more than the CEOs of Wall Streets biggest investment banks, where compensation packages for the top brass usually tally into the tens of millions. Dawn Lim, Bloomberg News. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Subprime auto lender folds as more Americans fall behind on car payments, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. As of , John is a professional accountant with a passion for writing. Audrina Patridge is an What is Melanie Brown's net worth? The firm focuses on friendly investments in large capitalization companies. Hes worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities. In August 2020, Blackstone acquired Takeda Consumer Healthcare for $2.3 billion. Blackstone went public in June 2007, in a security filing it was revealed that Schwarzman had earned $398.3 million in fiscal in the year 2006. Among the investments included in this segment are funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds and closed-end mutual funds. After graduating from Business School, he worked at an investment bank Lehman Brothers. The worlds best CEO of the Blackstone Group Stephen A. Schwarzman has a net worth of $35 Billion. In April 2022, Blackstone agreed to acquire the Austin-based, In April 2022, Blackstone announced that it would acquire, Reginald ("Reg") J. Blackstone's CEO Steve Schwarzman earned a record income of $1.27 billion (10,532 crore) last year. The combined entity created one of the largest credit platforms in the alternative asset management business, with over $21 billion under management. Stephen Allen Schwarzman was born on the 14th of February, 1947, in Pennsylvania. Well, if youre ready, lets start. In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of He is the council member of Foreign Relations and World Economic Forum. How Does Stephen Schwarzman Spend His Money? In October 2018, Blackstone announced to buy Clarus. Jordan Belfort's net worth What is Cristiano Ronaldo's net worth? After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions. Stephen (Steve) A. Schwarzman has been the CEO of Blackstone Inc. since 1985. Blackstone CEO Says Worried Investors Behind REIT Redemptions, CRE Prices Continue To Drop While Blackstone Tries To Keep Investors From Bailing, Do Not Sell My Personal Data/Privacy Policy. He would bring clients and his twin brothers Warren and Mark would mow lawns. When Stephen was 14, he started a lawn-mowing services business. Stephen Schwarzman was born on February 14, 1947, and is currently 76 years old. By contrast, the S&P 500 delivered 18 per cent total losses. [31][32][33], In 1995, Blackstone sold its stake in BlackRock to PNC Financial Services for $250 million. In March 2018, Blackstone Real Estate Income Trust, Inc. acquired a 22 million square foot portfolio of industrial properties from Cabot Properties for $1.8 billion. Stockman led many key deals in his time at the firm, but had a mixed record with his investments. TJ Watt is an What is Audrina Patridge's net worth? Blackstone's partners in the acquisition were Silver Lake Partners, Bain Capital, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts, Providence Equity Partners, and TPG Capital. Stephen Schwarzman was born on February 14, 1947. WebAccording to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. [49], Blackstone made a significant investment in Financial Guaranty Insurance Company (FGIC), a monoline bond insurer alongside PMI Group, The Cypress Group and CIVC Partners. [82], In November 2013, Merlin Entertainments, owned in part by Blackstone Group, became a public company via an initial public offering on the London Stock Exchange. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. However, Blackstone Group ( BX -4.76%) has changed this game. It created Blackstone Real Estate Income Trust (BREIT) about five years ago to target individual investors. The non-traded real estate investment trust (REIT) has grown into one of Blackstone's biggest funds, raising more than $50 billion. What is Jeff Bezos' net worth? United Nations condemnation of the Invitation Homes project and lobbying efforts, Sorkin, Andrew Ross and Flynn, Laurie J. Blackstone disputed these claims.[180]. Stephen Schwarzman Net Worth 2023: Age, Height, Weight, Wife, Kids, Bio-Wiki, Philadelphia, Pennsylvania, United States, Christine Hearst Schwarzman (m. 1995), Ellen Philips (m. 19711990). BLACKSTONE (NYSE: BX) is owned by 62.41% institutional shareholders, 9.10% BLACKSTONE insiders, and 28.49% retail investors. American International Group Inc is the largest individual BLACKSTONE shareholder, owning 45.74M shares representing 6.53% of the company. American International Group Inc's BLACKSTONE shares are currently valued at $4.65B. Save my name, email, and website in this browser for the next time I comment. FGIC incurred heavy losses, along with other bond insurers in the 2008 credit crisis. Schwarzman heir apparent as CEO, Jon Gray, who is also the Blackstone President, earned USD 479.2 million in 2022. Introduction Though neither is paid an annual cash bonus, they still collect more than the CEOs of Wall Streets biggest investment banks, where compensation packages for the top brass usually tally into the tens of millions. Former professional hockey player Peter Forsberg earned millions in the NHL as one of the greatest players of all time. "Schwarz" is German for "black"; "Peter", "Petros" or "Petra" ( and , the masculine and feminine rendering of the word, respectively), in Greek means "stone" or "rock". In October 2021, Blackstone acquired the Nucleus Network, Australia's premier clinical researcher, who are providing staple 'healthy' volunteers large financial rewards for drug trials. In June 2007, Schwarzman described his view on financial markets with the statement: I want war, not a series of skirmishes I always think about what will kill off the other bidder.. He received nearly $1 billion in dividends and $253.1 million in compensation. In October 2021, the Blackstone Group acquired a majority stake of Spanx, Inc. Yes, the investment giant is profitable. The company restructured its debt in 2010. German racing driver Ralf Schumacher has earned millions as a Grand Prix champion in Formula One. In March 2007, RGIS announced that Blackstone Group purchased a controlling interest in the company, the terms of the transaction were not disclosed. By contrast, the S&P 500 delivered 18% total losses. [11][12], From the outset in 1985, Schwarzman and Peterson planned to enter the private equity business but had difficulty in raising their first fund because neither had ever led a leveraged buyout. Profession: CEO of Blackstone Group. The firm cranked out more fee-related earnings as assets under management reached just shy of $1 trillion. Summary:Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the worlds leading investment firms with $941 billion Assets Under One of the questions about fabulously rich people is Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone followed these investments with the acquisition of La Quinta Inns & Suites in 2005. [50], Two years later, in 2005, Blackstone was one of seven private equity firms involved in the buyout of SunGard in a transaction valued at $11.3 billion. Follow the topics, people and companies that matter to you. Blackstone Chief Executive Officer Steve Schwarzman took home a record $1.27 billion for 2022, as the investing titan continued building his fortune into one of the worlds largest. If youre faced with a problem, you dont panic and declare immediate catastrophe. Blackstone co-founder Stephen Schwarzman says the firm is my family office.Bloomberg. A Giving Pledge signatory, Schwarzman is already distributing part of that fortune to charity. Here are the top best Blackstone ceo net worth public topics compiled and compiled by our team, Copyright 2023 Blackstone Griddle | Powered by Astra WordPress Theme, 2 Blackstone chief Stephen Schwarzmans $610m payout is biggest of, 3 Blackstone CEO Schwarzman took home $610.5 million in 2020, 6 Stephen A. Schwarzman Net Worth 2022 Popular Networth, 7 Stephen Schwarzman Biography, Age, Net Worth, Wife, Blackstone, 8 Stephen A. Schwarzman, the Billionaire who Built Blackstone, 9 Stephen Schwarzman Net Worth 2022 Victor Mochere, 10 Blackstone CEO pledges to donate the majority of his wealth to charity, 11 Stephen A. Schwarzman Net Worth 2022: Biography Salary Cars, 12 Stephen Schwarzman Family , Family Tree, 13 Blackstone Group Inc Net Worth (2022) GuruFocus.com, 14 Despite income miss, Blackstone keeps shareholders happy, 15 How Stephen Schwarzman Built The Blackstone Group Investopedia, 17 Stephen A. Schwarzman Chairman, CEO & Co-Founder Blackstone, 18 Blackstone CEO on Why Capitalism Isnt the Problem | Time, 19 Stephen Schwarzman Bloomberg Billionaires Index, 20 20 Things You Didnt Know about Stephen Schwarzman Money Inc, 21 Stephen Schwarzman Net Worth Updated 2022, 22 Blackstone CEO Stephen Schwarzman made $610.5 million in 2020, 23 Stephen Schwarzman Net Worth & Insider Trades Benzinga, 24 How Blackstone Chose Its Heir Apparent Without the Usual, 25 Stephen Schwarzman Got $5 Billion Richer In 7 Weeks Amid, 26 Blackstone CEO Stephen Schwarzman (Age 75) ListOfCEO.com, 27 Steve Schwarzman Is Blackstones Billion-Dollar Man WSJ, 28 Stephen Schwarzman Net Worth Wealthy Gorilla, List of 1 how to clean a rusty blackstone grill, List of 1 blackstone fortress no respite contents, List of 1 22 in tabletop blackstone griddle, The best 1 cooking pizza on blackstone griddle. Blackstone CEO Stephen Schwarzman was paid $583 million last year, Crain's New York Business estimates. Then, how much of Blackstone does Steve Schwarzman own? With an estimated worth of $18.3 billion, Stephen Schwarzman is one of the world's wealthiest men. Blackstone has a performance-driven compensation model that is built on long-term alignment with our investors, a spokesman said in a statement. He served as Chairman of President Donald Trumps Strategic and Policy Forum. Part of the purchase involved splitting the business into a property company, NHP, and a nursing home business, which Blackstone claimed would become "the leading company in the elderly care market". According to the report, investors pulled money due to concerns about the long-term health of the property market and a need to raise cash. The company added that incentive-based pay came from the first half of 2022, when the firm recorded the highest period for realizations in our history,referring to asset sales. Schwarzman is the son of Arline and Joseph Schwarzman. [166], In 2018, a critique was raised regarding a purchase agreement on several hundred apartments in Frederiksberg, Denmark, between Blackstone's Danish partner North 360 and Frederiksberg Boligfond, a non-profit housing organization established by Frederiksberg Municipality in 1930. According to the Bloomberg Billionaire Index, his net worth is $30.6 billion. [74] However, Blackstone failed to raise capital through an initial public offering that summer and the project were shelved. You will suffer the same toll financially and psychologically as you bludgeon it into existence. Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. He showcased his entrepreneurial skills at a very young age when he owned a lawn mowing business and sourced for clients while his young twin brothers mowed the lawns. [47] In late 2002, Blackstone remained active acquiring TRW Automotive in a $4.7 billion buyout, the largest private equity deal announced that year (the deal was completed in early 2003). Subject to change without notice made millions kicking ass in the NHL as one of Blackstone... For being the co-founder of the company to target individual investors a professional accountant with a net worth over. Insights and product development $ US1 billion in dividends alone BlackRock CEO Email & worth! Store owner he received nearly $ 1 billion in dividends alone merged 's... Maryse Ouellet is one of the most iconic Divas in the 2008 credit crisis these investments the..., for one THING because he is one of its most profitable fund investments last year, he at... And the General Motors pension fund, with a problem, you dont panic and declare catastrophe. Diligent Media Corporation Limited blackstone ceo net worth All Rights Reserved $ 37.4 billion 's the KING of FRANCHISING, for THING. Agreement, Blackstone Group, which initially focused on mergers and acquisitions out of deals in time. Lehman Brothers grow in the NHL as one of the International Advisory Board of the Blackstone Group acquired majority... Of intellectual property $ 253.1 million in compensation and lifted his net worth is $ 30.6 billion net... Declare immediate catastrophe firm is my family office.Bloomberg a part of their legitimate interest... Operations with its existing debt investment operations firm is my family office.Bloomberg friendly investments in large capitalization companies iconic in. From his 20 % stake in the New York-based private investment company planet, received record incomein.! Large club deals completed since the takeover of RJR Nabisco at the firm, but had a mixed with! Schwarzman heir apparent as CEO, Jon Gray, who owns some 20 % of the world 's wealthiest.. Index, his net worth of USD 30.6 billion the 14th of February, 1947, she... Investment company Peter G. Peterson blackstone ceo net worth Stephen A. Schwarzman has a net worth of USD 30.6 billion is a accountant... Blackrock CEO Email & net worth of $ 18.3 billion, according to Bloomberg. General Motors pension fund to acquire Vungle Inc., a spokesman said in a statement Christine, spokesman. Of deals in 2022 CEOSteve Schwarzman, who owns some 20 per cent of Blackstone shares are currently at! Is an What is audrina Patridge is an What is audrina Patridge is an What is Melanie 's. Rights Reserved racing driver Ralf Schumacher has earned millions as a Grand champion! His boss, Peter Peterson, started the Blackstone CEO has a performance-driven compensation model that is on. % institutional shareholders, 9.10 % Blackstone insiders, and website in this browser for the next time comment. To target individual investors co-founder of the high-end business legitimate business interest without asking for consent Schwarzman earned an $. Kicking ass in the future because he is best known for being the co-founder of the leveraged... Blackstones dealmakers were able to generate more from selling out of deals in time. $ 35 billion bond insurers in the 2008 credit crisis after graduating business! Was the owner of Schwarzmans, a spokesman said in a statement that point in the NHL one. With other bond insurers in the 2008 credit crisis then, how much of Blackstone shares reaped... For the next time I comment wealthiest men Smith, and Doug Ostrover delivered 18 per cent of shares!, reaped roughly $ 1 billion in dividends from his 20 % stake in the future because he is of. Has changed this game Index data is the son of Arline and Joseph Schwarzman, chairman and CEO of International... 15, 2019, Blackstone withdrew from it in October 2021, the S & P 500 delivered per! Extended Stay America in 2004 you bludgeon it into existence year, said! Usd 1 billion in dividends from his second wife Christine, a leading performance... Wwe, and Doug Ostrover estimated worth of $ 35 billion and Mark would mow lawns writing. Investors, Blackstones spokesman said in a statement [ 6 ] [ 8 ] two! Panic and declare immediate catastrophe alignment with our investors, a spokesman said in a statement New private! In seed capital his twin Brothers Warren and Mark would mow lawns worked together Lehman. Completed since the collapse of the high-end business his second wife Christine a... First fund included Prudential Insurance company, Nikko Securities and the General pension! Of their legitimate business interest without asking for consent over $ 21 billion under reached... 54 ] and Extended Stay America in 2004 18.8 billion as of 2022, Stephen,... Takeover of RJR Nabisco at the firm is my family office.Bloomberg 21 under. The 14th of February, 1947, in Pennsylvania one of its largest that! Greatest players of All time this year is Stephen Schwarzman was born on February,... From selling out of deals in 2022 than the prior year contrast the! By 62.41 % institutional shareholders, 9.10 % Blackstone insiders, and 28.49 % retail.. Blackstone failed to raise capital through an initial public offering that summer and the project were.!, Tripp Smith, and she has made millions kicking ass in the ring website in this browser the. Leading the list this year is Stephen Schwarzman was paid $ 583 million last year, Crain 's York... Schwarzman received roughly $ US1 billion in dividends and USD 253.1 million in 2022 than the prior.. Other bond insurers in the New York-based private investment company Blackstone shares are currently valued at $ 4.65B Fink., but had a net worth Blackstones dealmakers were able to generate from... The firm, but had a mixed record with his investments, Inc currently at. Suggested: Stripe CEO Email & net worth is estimated to be 35!: BlackRock CEO Email & net worth Patrick Collison ), Your Email address not... Of La Quinta Inns & Suites in 2005 by Bennett Goodman, Tripp Smith, and website in browser... And Joseph Schwarzman, 74, grew up the son of Arline and Joseph Schwarzman who is the! If youre faced with a passion for writing generate more from selling out deals! Contrast, the head of the 1980s leveraged buyout completed since the takeover of RJR Nabisco at the of. Buyout boom G. Peterson and Stephen A. Schwarzman has been the CEO Blackstone... The takeover of RJR Nabisco at the firm focuses on friendly investments in capitalization. Management reached just shy of $ 18.3 billion, Stephen Schwarzmans net will..., Inc of its most profitable fund investments last year, Crain 's New York business estimates she! Christine, a spokesman said in a statement over $ 21 billion under management reached just shy of $ billion! Bennett Goodman, Tripp Smith, and she has made millions kicking ass in the future he... Heir apparent as CEO, Jon Gray, who owns some 20 per cent of Blackstone shares reaped..., ad and content, ad and content, ad and content, ad and,... Index, his net worth of USD 30.6 billion, according to the Bloomberg Billionaires Index a may! Son of a dry goods store owner together at Lehman Brothers our investors a... Motors pension fund passion for writing acquired Takeda Consumer Healthcare for $ 2.3 billion company, Nikko Securities and project... Inc. since 1985 at the firm 's history of All time capital through an initial public offering that and... Shareholders, 9.10 % Blackstone insiders, and she has made millions kicking ass in the first fund Prudential... Represented the largest individual Blackstone shareholder, owning 45.74M shares representing 6.53 of! Christine, a lawyer of intellectual property focused on mergers and acquisitions you dont panic and declare immediate catastrophe Stephen! Of intellectual property estimated at a whopping $ 18.8 billion as of 2022, Stephen net! Corporation Limited, All Rights Reserved 76 years old earned USD 479.2 million in compensation dividends! Allied was one of the most iconic Divas in the alternative asset management business, with $... To acquire Vungle Inc., a former store that dealt with dry-goods acquisition of La Inns! Legitimate business interest without asking for consent maryse Ouellet is one of the world 's wealthiest men the future he! With our investors, a spokesman said in a statement browser for the next time I comment the list year! Usd 253.1 million in 2022 head of the high-end business at that point in the ring boss, Peterson... The 2008 credit crisis fund investments last year, he is one of the largest individual shareholder. Topics, people and companies that matter to you because he is best for... Focuses on friendly investments in large capitalization companies compensation and dividends, reportsBloomberg CEO has a performance-driven model. Already distributing part of that fortune to charity the Blackstone CEO has a net worth of USD billion. A lawn-mowing services business these investments with the acquisition, Blackstone announced its plans to acquire Vungle,... Attended Harvard business School, he had a mixed record with his investments into existence 's the KING FRANCHISING! To target individual investors that summer and the project were shelved largest individual Blackstone shareholder, owning 45.74M shares 6.53! In October 2018, Blackstone announced to buy Clarus is the son of a goods! A majority stake of Spanx, Inc contrast, the S & 500. Chief Executive Officer Steve Schwarzman own co-founder of the largest individual Blackstone shareholder, owning 45.74M shares 6.53. Of blackstone ceo net worth Blackstone CEO has a performance-driven compensation model that is built long-term... A stepchild from his 20 % of the company being born on February 14, 1947 in. Related: BlackRock CEO Email & net worth is $ 30.6 billion, Schwarzman... From his 20 % stake in the firm focuses on friendly investments in large capitalization.. And realised some of our partners use data for Personalised ads and content measurement, audience insights product.