Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#115 Steve Schwarzman $11.6B

Random fact: Second wife, Christine, is an intellectual property lawyer.


Schwarzman is chairman, co-founder and largest shareholder of Blackstone Group, a New York-based private equity firm. The publicly traded company manages $368 billion in assets, as of March 31, 2017. The billionaire has collected more than $4 billion from a combination of stock sales, dividends and compensation.

As of Aug. 21, 2017:
Last change -$17.2M (-0.1%)
YTD change +$1.50B (+14.8%)
Industry Finance
Biggest asset BX US Equity
Citizenship United States
Age 70
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Steve Schwarzman's net worth of $11.6B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Schwarzman owns about 40 percent of the Blackstone Group, a private equity firm that had $368 billion in assets under management as of March 31, 2017, according to the company's website. He sold about $675 million in Blackstone shares at the company's June 2007 initial public offering and has collected more than $4.2 billion in compensation, dividends and secondary share sales, according to data compiled by Bloomberg. He owns real estate valued at $150 million, based on the prices he paid for his properties in Manhattan, the Hamptons, Palm Beach and Jamaica.

Schwarzman owns almost 5.8 million shares and units of PJT Partners acquired as part of the company's spin-off from Blackstone, according to its March 2016 proxy statement. He gifted away his shares in Brixmor Property Group in 2016, according to data compiled by Bloomberg.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.

Peter Rose, a Blackstone spokesman, said the billionaire declined to comment on his net worth.


Birthdate: 2/14/1947
Family: Married, 2 children
Education: 1972, Harvard Business School, MBA 1969, Yale University, Bachelor's Degree

Stephen Schwarzman was born in 1947 to Arline and Joseph Schwarzman, who owned a dry-goods store in Philadelphia. After graduating from high school, Schwarzman enrolled at Yale University, where he was a member of the Skull & Bones society at the same time as George W. Bush.

He graduated from Harvard Business School in 1972 and took a job at Lehman Brothers, where he rose through the ranks to eventually become chairman of its global mergers and acquisitions department in 1983.

Schwarzman struck out on his own two years later. With former Lehman chief executive Peter G. Peterson, he founded the Blackstone Group. During the next two decades, the company evolved into the largest private-equity firm in the world. Blackstone sold shares in an initial public offering in 2007, at the height of the leveraged-buyout boom. He donated $100 million to the New York Public Library the following year.

Schwarzman, who serves as the company's CEO and chairman, has been married to Christine Hearst Schwarzman since 1995. He has two children from his first marriage.

  • 1947 Born in Philadelphia suburbs to Joseph and Arline Schwarzman.
  • 1969 Graduates from Yale University.
  • 1972 Graduates Harvard Business School. Starts at Lehman Brothers.
  • 1978 Becomes managing director at Lehman at age 31.
  • 1985 Founds the Blackstone Group with colleague Peter G. Peterson.
  • 2007 Buys Equity Office Properties for $39 billion.
  • 2007 Blackstone sells shares in an initial public offering.
  • 2008 Donates $100 million to the New York Public Library.