Stephen Schwarzman is 73, he's been the Chairman of the Board, Chief Executive Officer, and Founder of The Blackstone since 2007. The word "Schwarz" in German stands for "Black" whereas the word "Peter" in Greek stands for "Stone". Initially a boutique merger-and-acquisition advisory business, Blackstone grew into the world's largest buyout firm, with over $370 billion in assets. The most active insiders traders include James Breyer, Hamilton E James, and International Group Incaig .... He is one of the billionaires who have come all the way without any failure since he formed his own firm in 1985. She was recently divorced from Austin Hearst, grandson of newspaper tycoon Randolph Hearst. In 2004, Schwarzman donated a new football stadium to Abington Senior High School—the Stephen A. Schwarzman Stadium. He briefly served in the U.S. Army Reserve before attending Business school. Stephen A. Schwarzman serves as Chairman of the Board, Chief Executive Officer, Founder of the Company. She is an intellectual property lawyer. Schwarzman met his first wife, Ellen Philips, during his second year at Harvard Business School, where she worked as a researcher and helped grade essays. On average, The Blackstone executives and independent directors trade stock every 74 days with the average trade being worth of $29,753,235. In February, 2017, he had lavish 70th birthday party in Florida, estimated to have cost $5–7 million. In 1985, Schwarzman and his boss Peter Peterson started Blackstone, which originally focused on mergers and acquisitions. By using WikiNetworth.com you agree to our Terms of Use and Privacy Policy. In spring 2015 Peter Salovey, the President of Yale University, announced that Schwarzman contributed $150 million to fund a campus center in the university's historic "Commons" dining facility. There are 1 executives at The Blackstone getting paid more, with Jonathan Gray having the highest compensation of $98,994,200. In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. The son of a dry goods store owner, Stephen Schwarzman founded private equity firm Blackstone with fellow billionaire Peter Peterson in … Over the last 13 years, insiders at The Blackstone have traded over $769,726,366 worth of The Blackstone stock and bought 863,500 units worth $25,764,710 They were married in 1971 and divorced in 1990. Mr. Schwarzman both the Légion d’Honneur and the Ordre des Arts et des Lettres at the Commandeur level. In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of the year. While Peter Peterson retired shortly after Blackstone's 2007 IPO, Schwarzman still presides over the business as chairman and CEO. Last updated: 27 August 2020 at 7:16pm EST. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. Stephen was born in 1947 in Philadelphia, Pennsylvania as a Stephen A. Schwarzman. The central reference building on 42nd Street and Fifth Avenue was renamed The Stephen A. Schwarzman Building. As the CEO of the Blackstone Group, Stephen gathered $786.5 million as his salary including compensation, rewards, and others in 2017. The climax of the evening was a half-hour live performance by Rod Stewart, for which he was reportedly paid $1 million.
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