Blackstone’s Schwarzman Gets $500 Million Leading Buyout Titans

Steve Schwarzman, the billionaire co-founder of Blackstone Group LP, is pulling ahead as the richest man in private equity.

Schwarzman, 67, collected more than $500 million in dividends in 2014 as Blackstone had its most profitable year, according to data compiled by Bloomberg. The payout for Apollo Global Management LLC’s Leon Black, who received the most in dividends among peers the prior year, fell 27 percent to $268 million, based on shareholder distributions the firm announced on Thursday.