Reported about 16 hours ago
Steve Schwarzman, CEO of Blackstone Inc., earned more than $1 billion in pay and dividends in 2024, primarily from dividends rather than fund profits. As Blackstone's largest stockholder, with nearly 20% ownership, his wealth is closely tied to the firm, which manages $1.1 trillion in assets. Despite a decrease in incentive fees, Schwarzman remains one of Wall Street's top-paid executives, with a net worth of approximately $51.3 billion. Meanwhile, the firm is shifting under President Jon Gray's leadership, focusing on technological investments and retail branding.
Source: YAHOO