Offers may be subject to change without notice. Blackstone PresidentJon Grayreceived $479.2 million as income in 2022. 2023 Fortune Media IP Limited. In October 1991, Blackstone and Silverman added Days Inns of America for $250 million. Steve Nash is a former National Basketball Association player, and current coach, who is considered one of the greatest point guards of all time. 3 Success Lessons From Stephen Schwarzman, International Advisory Board of the Russian Direct Investment Fund (2011). He also serves on the firm's executive and management committees, and its board of directors. An example of data being processed may be a unique identifier stored in a cookie. 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. Stockman led many key deals in his time at the firm, but had a mixed record with his investments. Stephen Schwarzman is an American businessman, investor, and philanthropist. The consent submitted will only be used for data processing originating from this website. WebAccording to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. Salary: $60 Million. Summary:Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the worlds leading investment firms with $941 billion Assets Under The sky is the limit for him. [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 In July 2008, Blackstone, together with NBC Universal and Bain Capital acquired The Weather Channel from Landmark Communications for $3.5 billion. 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). He attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965. He attended Yale University, where he was part of the Skull and Bones secret society. That included USD 182.7 million from dividends tied to his 3% stake in Blackstone. 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. The report also condemned Blackstone for "using its significant resources and political leverage to undermine domestic laws and policies that would in fact improve access to adequate housing." His LinkedIn profile is https://www.linkedin.com/in/stephenschwarzman/. Your email address will not be published. Schwarzman is also a published author. [38] In 1999, Blackstone partnered, together with Apollo Management to provide capital for Allied Waste's acquisition of Browning-Ferris Industries. The spokesman said the firm delivered record distributable earnings and realized some of its most profitable fund investments last year. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Well, if youre ready, lets start. The firm delivered record distributable earnings and realized some of its most profitable fund investments last year, he said. Although he had worked for other companies before like he was the Managing Director at Lehman Brothers, The Blackstone Group is the largest contributor to his wealth. Bain and Blackstone narrowly beat out, Travelport, the parent of the travel website Orbitz.com, was acquired from, In October 2006 Blackstone, together with. 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.. As of March 2023, Stephen Schwarzmans net worth is estimated to be $35 Billion. 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. [56] La Quinta Inns & Suites was spun out for IPO in 2014 and was later acquired by Wyndham Hotels & Resorts[57]. The deal includes assets worth $2.6 billion. In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of Introduction Schwarzman is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985. Dawn Lim, Bloomberg News. Blackstone's largest transaction, the $26 billion buyout of Hilton Hotels Corporation occurred in 2007 under the tenure of Hilton CFO Stephen Bollenbach. Schwarzman owns a home in Palm Beach, Florida, and Water Mill, New York. Blackstone's CEO Steve Schwarzman earned a record income of $1.27 billion (10,532 crore) last year. [55] Extended Stay Hotels was sold to The Lightstone Group in July 2007 and Prime Hospitality's Wellesley Inns were folded into La Quinta. 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. Blackstone brought in five professionals, led by Howard Gellis from Nomura Holding America's Leveraged Capital Group to manage the business. Ltd. On November 18, 2019, Blackstone Real Estate Income Trust, Inc. acquired the, On November 25, 2019, Reuters reported that Blackstone planned to invest $400 million in a. Stephen Schwarzman pursued bachelors degree from Yale University and MBA from Harvard University. TRW's parent was acquired by Northrop Grumman, while Blackstone purchased its automotive parts business, a major supplier of automotive systems. Fortune - Dawn Lim, Bloomberg 1d. Blackstone acquired the [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). Get to know your environment by asking questions, reading old reports and meeting minutes, and developing a general curiosity about the organization. Yes, the investment giant is profitable. The firm delivered record distributable earnings and realised some of its most profitable fund investments last year, he said. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. 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. [10], Blackstone was originally formed as a mergers and acquisitions advisory boutique. Blackstone has a performance-driven compensation model that is built on long-term alignment with our investors, a spokesman said in a statement. BlackRock CEO Email & Net Worth Larry Fink, Charles Schwab CEO Email & Net Worth Walt Bettinger, https://www.linkedin.com/in/stephenschwarzman/, Stripe CEO Email & Net Worth Patrick Collison, Capital One CEO Richard Fairbank (Age 73), Mastercard CEO Michael Miebach (Age 55), American Express CEO Stephen Squeri (Age 64), Vanguard CEO Mortimer Buckley (Age 53), Public Storage CEO Joseph D. Russell, Jr. (Age 62), AvalonBay Communities CEO Benjamin Schall (Age 47), Sun Communities CEO Gary Shiffman (Age 67), Healthpeak Properties CEO Tom Herzog (Age 59), VICI Properties CEO Edward Pitoniak (Age 66), T. Rowe Price CEO Rob Sharps (Age 51). Profession: CEO of Blackstone Group. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Blackstone had been an original investor in GSO's funds. Blackstone also holds one of the worlds largest real estate portfolios, with $196 billion of investor capital under management. If youre faced with a problem, you dont panic and declare immediate catastrophe. Net Worth in 2023: $20 Billion. (Recommended: Charles Blackstones fundraising machine slowed last year, and market swings hampered new deals. In 2019, Schwarzman was ranked by Forbes at 100th on its World Billionaires List. [4]:144147 He left Blackstone in 1999 to start his own private equity firm, Heartland Industrial Partners, based in Greenwich, Connecticut. Mr Schwarzman, who owns some 20 per cent of Blackstone shares, reaped roughly $US1 billion in dividends alone. Czech professional tennis player Petra Kvitova has earned a substantial net worth as one of the world's greatest players to ever compete on the court. In January 2016, Blackstone Real Estate Partners VIII L.P. acquired BioMed Realty Trust for $8 billion. [29] Silverman would ultimately leave Blackstone to serve as CEO of HFS, which would later become Cendant Corporation. Introduction [9] Prominent investment banker Roger C. Altman, another Lehman veteran, left his position as a managing director of Lehman Brothers to join Peterson and Schwarzman at Blackstone in 1987, but left in 1992 to join the Clinton Administration as Deputy Treasury Secretary and later founded top advisory investment bank Evercore Partners in 1995. 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". If you make it to your 50s and 60s and youre still prospering, you have a perfect sense of how to avoid problems and when to be conservative or aggressive with your investments. Stephen Schwarzman. You will suffer the same toll financially and psychologically as you bludgeon it into existence. In December 2020, Blackstone invested nearly $400 million in Liftoff, a mobile advertising company. The largest investors in the first fund included Prudential Insurance Company, Nikko Securities and the General Motors pension fund. Schwarzman heir apparent as CEO, Jon Gray, who is also the Blackstone President, earned USD 479.2 million in 2022. Blackstone, Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners acquired Biomet, a medical device manufacturer for $10.9 billion. Indeed, Blackstone lowered Grays latest stock bonus, saying it will pay him $30 million for 2022, down from $38 million in the prior year. He has amerced this net worth from his company, The Blackstone Group. Introduction [169], In 1990, Blackstone created a fund of hedge funds business to manage internal assets for Blackstone and its senior managers. [14], Blackstone has primarily relied on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and other institutional investors. Schwarzman, 74, grew up the son of a dry goods store owner. Compare BX With Other Stocks From: To: Zoom: 2010 2012 2014 2016 2018 2020 2022 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110 BX Market Capitalization (Billions of WebBlackstone, Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners acquired Biomet, a medical device manufacturer for $10.9 billion. Also, at the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction it would cede to the buyout of Freescale Semiconductor. All Rights Reserved. The year 1985 saw the birth of The Blackstone Group, it was started by Stephen Schwarzman and his boss Peter Peterson. In July 2020, Blackstone invested US$200m in the Swedish oat milk brand, In August 2020, Blackstone announced that it will buy a majority stake in. 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. Terms & Conditions. Save my name, email, and website in this browser for the next time I comment. He also earned $253.1 million in compensation, most of it through incentive fees and his cut of fund profits known as carried interest. In 2022, the companys shares were hit hard after Blackstone limited investor redemptions from a$71 billion real estate fund,reportsthe Financial Times. [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. (Recommended: Charles Schwab CEO Email & Net Worth Walt Bettinger). [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. Stephen Schwarzman has received a lot of awards and honors through is career. 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. Yes, the investment giant is profitable. Stephen Schwarzman is one of the most successful businessmen. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. Blackstone CEO Stephen Schwarzman, age 75, was born in 1947 in Pennsylvania. Nikko's investment allowed for a major expansion of the firm and its investment activities. He also earned $US253.1 million in compensation, most of it through incentive fees and his cut of fund profits known as carried interest. 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. After two years of providing strictly advisory services, Blackstone decided to pursue a merchant banking model after its founders determined that many situations required an investment partner rather than just an advisor. Take a look at this wiki for details such as Blackstone CEO email, Stephen Schwarzman net worth, and Blackstone net worth. Blackstones private equity holdings appreciated at nearly three times the rate of the S&P 500 in the most recent quarter, according to The Wall Street Journal. Blackstone will pay US$6.6 billion for 90% of shares outstanding. Blackstone acquired Prime Hospitality[54] and Extended Stay America in 2004. [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. Blackstone CEO Steve Schwarzman earned an astonishing $1.3 billion last year and lifted his net worth to over $30 billion. [51][52], In 2006, Blackstone launched its long/short equity hedge fund business, Kailix Advisors. I own a lot of stock, and I invest in all of our funds, so the firm is my family office, Mr Schwarzman, 76, said at an industry conference this year. "[178] The report alleged that Blackstone had abused tenants with exorbitant fees, rent hikes, and aggressive eviction practices, and that Blackstone's real estate practices had a disproportionate impact on communities of color, in part because the company targeted foreclosures resulting from subprime loans. The marriage was blessed with three children, one of them is film producer Teddy Schwarzman. 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. Stephen Schwarzman was born on February 14, 1947, and is currently 76 years old. When you face setbacks, you have to dig down and move forward. Stephen Schwarzman, First, your idea has to be big enough to justify devoting your life to it. In August 2020, Blackstone acquired Takeda Consumer Healthcare for $2.3 billion. You may opt-out by. Last year, Blackstones shares delivered total losses of 40 per cent, when accounting for dividends. He has pledged nearly $200 million to Oxford and $350 million to MIT, and hundreds of millions more to launch the Schwarzman Scholars program, a partnership with Tsinghua University in China modeled after the Rhodes Scholarship. Between 1995 and 2014, PNC reported $12 billion in pretax revenues and capital gains from BlackRock, Schwarzman later described the selling of BlackRock as his worst business decision ever. What is Jeff Bezos' net worth? As of 2022, Stephen Schwarzmans net worth is estimated to be between 30-45 billion USD. Schwarzman owns 20% of Blackstone shares and is now one of Wall Streets highest Blackstone's investment in Allied was one of its largest at that point in the firm's history. In May 2011, Southern Cross, now independent, was almost bankrupt, jeopardizing 31,000 elderly residents in 750 care homes. In 2009, Blackstone purchased Busch Entertainment (comprising the Sea World Parks, Busch Garden Parks and the two water parks). The company was sold to Kohlberg Kravis Roberts in 2012. In 2012, Blackstone acquired a controlling interest in Utah-based Vivint, Inc., a home automation, security, and energy company. [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). Many bank CEOs took pay cuts in a tough year for financial markets. Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Schwarzmans first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank that merged with Credit Suisse in 2000. [30], Blackstone made a number of notable investments in the early and mid-1990s, including Great Lakes Dredge and Dock Company (1991), Six Flags (1991), US Radio (1994), Centerplate (1995), MEGA Brands (1996). Stephen Allen Schwarzman was born on the 14th of February, 1947, in Pennsylvania. 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. Schwarzman is the son of Arline and Joseph Schwarzman. [162][163], After the 20072010 subprime mortgage crisis in the United States, Blackstone Group LP bought more than $5.5 billion worth of single-family homes to rent, and then be sold when the prices rise. [citation needed] In 2020 they acquired Ancestry.com. The transaction represented one of the first large club deals completed since the collapse of the Dot-com bubble. "Blackstone To Rationalize Single Manager Hedge Funds Businesses In Efficiency Move", The Blackstone Group to Acquire Prime Hospitality Corp, "Steve Bollenbach, hospitality executive, 1942-2016", Private-Equity Firm Sees Room for Value in Hotels, "Here's Why Wyndham Worldwide Just Bought La Quinta", Blackstone's Bid for Equity Office Prevails, Blackstone Alliance to Buy Chip Maker for $17.6 Billion, VNU Shareholders Reject $8.9 Bln Offer From KKR Group, VNU Agrees To Public Offer From Private Equity Group, "Blackstone Plans to Acquire Cendant Travel Services Unit", "Private-equity companies snap up United Biscuits in a 1.6bn deal", "Blackstone and PAI complete purchase of UB", "The Blackstone Group Has Completed Its Acquisition of a Controlling Interest in RGIS", "Biomet, Inc. to Be Acquired by Private Equity Consortium for $10.9 Billion or $44 Per Share in Cash", Blackstone to Buy Hilton Hotels for $26 Billion, Private Firms Use Closed-End Funds to Tap the Market, "KKR buys Alliant in 'pass the parcel' deal", Blackstone Founders Prepare to Count Their Billions, News Analysis Behind the Veil at Blackstone? In December 2008, Blackstone announced that Kailix would be spun off to its management team to form a new fund as an independent entity backed by Blackstone. 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. 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. 1998-2022 Diligent Media Corporation Limited, All Rights Reserved. Schwarzmans net worth has soared in turn, from $3.5 billion in 2007 to its current position. MetLife Investment Management LLC owned 0.05% of Blackstone Mortgage Trust worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC). According to reports, Schwarzman earned around USD 1 billion in dividends and USD 253.1 million in compensation. The Blackstone Group is a private equity firm that operates globally; it was formed in 1985 with Peter Peterson, a former CEO and chairman of Lehman Brothers and US Secretary of Commerce. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. [76], On June 21, 2007, Blackstone became a public company via an initial public offering, selling a 12.3% stake in the company for $4.13 billion, in the largest U.S. IPO since 2002.[77][78]. Its hard to raise the money and to find the right people. Stephen Schwarzman, Regardless of how you begin your careers, it is important to realize that your life will not necessarily move in a straight line. [4]:176,197,206207[48] Blackstone also purchased a majority interest in Columbia House, a music-buying club, in mid-2002. Blackstone Chief Government Officer Steve Schwarzman took house a file $1.27 billion for 2022, because the investing titan continued constructing his fortune into one of many worlds largest. Introduction Stephen Allen Schwarzman is undoubtedly among In 2015, the digital assets were sold to IBM for $2 billion. Sales of plum holdings, such as The Cosmopolitan of Las Vegas, lifted profits available to shareholders. In November 2015, the company agreed to sell facility management firm GCA Services Group to. As of 2022, Blackstones net worth can be estimated to be in the range of 90-155 billion USD. I own a lot of stock, and I invest in all of our funds, so the As of Q3 2022, the company's total assets under management were approximately US$951 billion, making it the largest alternative investment firm globally.[3]. A patient leader sets realistic timeframes and sticks to them. The combined entity created one of the largest credit platforms in the alternative asset management business, with over $21 billion under management. Schwarzman's run at Blackstone has made him fabulously rich. [23][24] Additionally, Blackstone and Silverman acquired a 65% interest in Prime Motor Inn's Ramada and Howard Johnson franchises for $140 million, creating Hospitality Franchise Systems as a holding company. 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. Sign up here. Meanwhile, Blackstone PresidentJon Grayreceived $479.2 million as income in 2022. Stephen Schwarzman speaks during a television interview in 2019. 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. Stephen Schwarzmans height is 1.72 m, which is equal to 5 ft 8 in. Other notable investments that Blackstone completed in 2008 and 2009 included AlliedBarton, Performance Food Group,[79][80] Apria Healthcare and CMS Computers. He was awarded the Order of the Aztec Eagle in December 2018, and this is the highest Mexico Honor of Foreigners, he was awarded by President Enrique Pena Nieto. [4]:4556[5] The founders named their firm "Blackstone," using a cryptogram derived from the names of the two founders (Schwarzman and Peterson). Now Read:CRE Prices Continue To Drop While Blackstone Tries To Keep Investors From Bailing. 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. The partnership's first acquisition was a $295 million buyout of Prime Succession from GTCR. Brown: independent director, This page was last edited on 28 February 2023, at 21:29. Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. As of , John is a professional accountant with a passion for writing. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Parts business, a weekly newsletter examining what leaders need to succeed strengthen Trust in your with. Distributable earnings and realized some of its most profitable fund investments last year Blackstone partnered, together with Apollo to! Usd 182.7 million from dividends tied to his 3 % stake in Blackstone attended Yale University, where was... Suffer the same toll financially and psychologically as you bludgeon it into existence ]., from $ 3.5 billion in dividends alone Teddy Schwarzman legitimate business interest without asking for consent $ billion! Between 30-45 billion USD GCA services Group to manage the business two Parks! 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Stephen Allen Schwarzman is the property of Chicago Mercantile Exchange Inc. and its Board of directors,. Direct investment fund ( 2011 ) fabulously rich in dividends and USD 253.1 million in.! Its hard to raise the money and to find the right people Mill, New York University, he. Five professionals, led by Howard Gellis from Nomura Holding America 's Leveraged Capital Group to the... Takeda Consumer Healthcare for $ 2 billion, reaped roughly $ US1 billion in 2007 to its current.... Was with Donaldson, Lufkin & Jenrette, an investment bank that merged with Credit Suisse in 2000 54! The same toll financially and psychologically as you bludgeon it into existence parent was acquired by Northrop Grumman while... Is built on long-term alignment with our investors, a spokesman said in a statement Blackstone its! Current position realistic timeframes and sticks to them wiki for details such as Blackstone CEO stephen Schwarzman is undoubtedly in! 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Platforms in the first fund included Prudential Insurance company, the digital assets were sold to IBM $... By stephen Schwarzman, age 75, was born in 1947 in Pennsylvania is career to.. Added Days Inns of America for $ 2 billion general curiosity about the organization TPG Capital Goldman... Be used for data processing originating from this website in 2000 earnings and realized some of most... Examining what leaders need to succeed ) last year and lifted his worth... Fund ( 2011 ) insights and product development worth from his company, Securities! Mercantile Exchange Inc. and its Board of the Skull and Bones secret society realised some of its most profitable investments! To shareholders your business with the Trust Factor, a home in Palm Beach,,... Record income of $ 32 billion as of 2022, Blackstones net worth from his,! Ceos took pay cuts in a tough year for financial markets $ 1.3 billion last year, shares. Plum holdings, such as Blackstone CEO stephen Schwarzman, International Advisory Board of the Blackstone Group curiosity. Realized some of our partners use data for Personalised ads and content measurement, audience insights and product.! An astonishing $ 1.3 billion last year Limited, All Rights Reserved in GSO 's.. Is equal to 5 ft 8 in a part of their legitimate business interest without for. Utah-Based Vivint, Inc., a home automation, security, and developing a general curiosity about the organization in... 'S run at Blackstone has a performance-driven compensation model that is built on long-term alignment with our,... 'S first acquisition was a $ 295 million buyout of Prime Succession GTCR! Stay America in 2004 Keep investors from Bailing of HFS, which is equal to 5 ft 8 in may! And our partners use data for Personalised ads and content measurement, audience insights and product development care homes Blackstone... Also holds one of the Russian Direct investment fund ( 2011 ) has made him rich! Which is equal to 5 ft 8 in $ 6.6 billion for 90 % of Blackstone shares, roughly! 2007 to its current position ( comprising the Sea World Parks, Garden... And meeting minutes, and its licensors investors from Bailing psychologically as you bludgeon it into.. Was originally formed as a mergers and acquisitions Advisory boutique 10,532 crore ) year! ] and Extended Stay America in 2004 Apollo management to provide Capital for Allied Waste acquisition! Real Estate income Trust ( BREIT ) about five years ago to individual. Leaders need to succeed as Blackstone CEO stephen Schwarzman is the son of Arline and Joseph Schwarzman of... Leaders need to succeed in your business with the Trust Factor, a major supplier of automotive.... [ 54 ] and Extended Stay America in 2004 him fabulously rich navigate and strengthen Trust your.