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Blackstone Dealmakers Doubled Pay to $1.6 Billion on Asset Sales

  • The firm brought in a record $77 billion from exits last year
  • Surging values have allowed Blackstone to sell at high prices
Bloomberg business news
WATCH: Blackstone President Gray discusses 4Q results, the impact of inflation on the firm’s investment strategy, and Fed policy.Source: Bloomberg

The good times keep rolling for executives at the world’s biggest alternative asset manager.

Blackstone Inc., which saw its share price double last year, paid out a record $1.6 billion in performance allocations to its dealmakers and executives in 2021. That comes during a year of record exits for the firm: Blackstone cashed out of $77 billion worth of investments during the period. The spoils will be shared among hundreds of senior dealmakers.