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Blackstone’s Schwarzman Collects $1.1 Billion in Dividends, Pay

  • CEO has a record haul after private equity firm’s boom year
  • President Jon Gray brought in about $323.8 million in 2021
Stephen Schwarzman 
Stephen Schwarzman Photographer: David ‘Dee’ Delgado/Bloomberg

Blackstone Inc. Chief Executive Officer Steve Schwarzman took home $1.1 billion in dividends and compensation in 2021, in what amounts to one of Wall Street’s biggest annual payouts on record.

It was the first time that Schwarzman, 75, collected more than $1 billion in a year. He generated $941.6 million through dividends from his 19% stake in New York-based Blackstone, according to a regulatory filing Friday. He also earned $160.3 million from compensation, which is mostly profit tied to funds on top of a $350,000 salary.