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How did Stephen Schwarzman make his money?

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How did Stephen Schwarzman make his money?

Stephen Schwarzman became a billionaire by managing money for other people. Dissatisfied by the level of transparency offered by the stock market, Schwarzman co-founded The Blackstone Group, a private equity firm, in the mid-1980s. Today, Blackstone is one of the world’s largest alternative asset managers.

Is Stephen Schwarzman a billionaire?

According to Bloomberg Billionaires Index, he had a net worth of $34.3 billion as of October 2, 2021. In 2014, Schwarzman was named as one of Bloomberg’s 50 Most Influential people of the year.

How much of Blackstone does Steve Schwarzman own?

Schwarzman owns about 20\% of the firm, which comprises three-quarters of his overall net worth. Blackstone also holds one of the world’s largest real estate portfolios, with $196 billion of investor capital under management.

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Who is Blackstone CEO?

Stephen A. Schwarzman (1985–)
The Blackstone Group/CEO

Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with $731 billion Assets Under Management (as of September 30, 2021). Mr. Schwarzman has been involved in all phases of Blackstone’s development since its founding in 1985.

What is Steve Schwarzman net worth?

40.3 billion USD (2021)
Stephen A. Schwarzman/Net worth

Can I invest in Blackstone?

Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Blackstone Group ten years ago, you’re likely feeling pretty good about your investment today.

How much does Steve Schwarzman make?

(Reuters) – Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20\% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed.

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Who owns Blackstone that bought ancestry?

New York, December 4, 2020 – Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have completed their previously announced acquisition of Ancestry® from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion.

How old is Steve Schwarzman?

74 years (February 14, 1947)
Stephen A. Schwarzman/Age