Wealth
Blackstone CEO Schwarzman Reaped Record $1.27 Billion in 2022
- Co-founder’s annual haul rose from $1.1 billion in prior year
- Most was dividends, but his pay is also bigger than bank CEOs’
Stephen Schwarzman
Photographer: David Dee Delgado/BloombergThis article is for subscribers only.
Blackstone Inc. Chief Executive Officer Steve Schwarzman took home a record $1.27 billion for 2022, as the investing titan continued building his fortune into one of the world’s largest.
Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. He also earned $253.1 million in compensation, most of it through incentive fees and his cut of fund profits known as carried interest.