Deals
Schwarzman Gets $734 Million in Record Year for Blackstone
- Co-founder, biggest shareholder has 12% jump in total payout
- Dividend policy diverges from KKR, founded by Kravis, Roberts
Steve Schwarzman.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Steve Schwarzman is pulling ahead as the wealthiest man in private equity after a record year for Blackstone Group LP.
The Blackstone co-founder received $645 million in dividends on his stock ownership in 2015, according to calculations based on the firm’s annual report filed Friday with U.S. regulators. Including his cut of deal profits, salary and other compensation, Schwarzman, who owns about 20 percent of the company, took home $734 million, up from $656 million the previous year.