Stephen Schwarzman, the CEO and co-founder of private equity giant Blackstone Group, had a remarkable year in 2020. This past year, he earned an astonishing $1.3 billion dollars in total compensation, making him one of the highest-paid executives in history. This news comes after two consecutive years of Schwarzman earning more than $1 billion—a feat
Stephen Schwarzman, the CEO and co-founder of private equity giant Blackstone Group, had a remarkable year in 2020. This past year, he earned an astonishing $1.3 billion dollars in total compensation, making him one of the highest-paid executives in history. This news comes after two consecutive years of Schwarzman earning more than $1 billion—a feat that few others have ever accomplished. But how has he managed to achieve such high pay? What has been driving his continued success within Blackstone? In this article, we’ll explore the details behind Schwarzman’s earnings and uncover what makes him one of the wealthiest CEOs alive today.
In 2017, Blackstone CEO Stephen Schwarzman earned a total of $786 million, making him the highest-paid CEO in the world. This is the second year in a row that Schwarzman has topped the list, and his earnings are more than double those of the second-highest-paid CEO.
The vast majority of Schwarzman’s earnings come from Blackstone’s performance-based compensation plan. In 2017, Schwarzman received $731 million in so-called “carried interest,” which is a share of the profits that Blackstone earns on its investments. This compensation arrangement has come under fire in recent years, with some critics arguing that it allows private equity firms to take excessive risks with other people’s money.
Despite the controversy surrounding his compensation, there’s no doubt that Schwarzman is one of the most successful investors in the world. His firm Blackstone has grown rapidly over the past decade, and today it has assets under management totaling nearly $500 billion.
According to Forbes, Schwarzman’s Blackstone Group earned him a spot on the ranking of the world’s billionaires for the second year in a row. Schwarzman’s net worth is estimated at $12.4 billion, making him the 122nd richest person in the world.
Blackstone Group is a leading global investment firm with over $540 billion in assets under management. The firm has investments in a wide range of sectors including real estate, private equity, credit, and hedge funds.
Under Schwarzman’s leadership, Blackstone has become one of the most successful and well-known investment firms in the world. The firm’s success can be attributed to Schwarzman’s keen understanding of global markets and his ability to identify and capitalize on opportunities.
In addition to his role at Blackstone, Schwarzman is also a member of the board of directors for several large corporations including The Goldman Sachs Group, Inc., Marriott International, Inc., and Alibaba Group Holding Limited. He is also a trustee of The Brookings Institution and a member of the Council on Foreign Relations.
Stephen Schwarzman, the CEO of Blackstone, is one of the world’s richest men. But he’s not just sitting on his wealth. He’s using it to make a difference in the world.
Schwarzman is a major philanthropist, donating millions of dollars to causes that he cares about. He has given money to education, medical research, and the arts. He even created a scholarship program for Chinese students to study abroad.
Schwarzman’s philanthropy is having a real impact on people’s lives. And it’s something that we can all learn from.
Although Schwarzman has been a controversial figure in the business world, his impressive success as the CEO of Blackstone is undeniable. He managed to achieve incredible results by transforming the company into one of the largest asset managers in the world and managing it during some very turbulent times. His relentless dedication to achieving excellence and creating shareholder value have ultimately paid off – making him one of the most successful businessmen alive today with an estimated net worth over $21 billion dollars.