Finance
Blackstone CEO Schwarzman Collected $896.7 Million Last Year
- Total is down 30% from a record $1.27 billion a year earlier
- Dividends of $777 million made up bulk of his annual windfall
Steve Schwarzman
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Blackstone Inc. Chief Executive Officer Steve Schwarzman took home $896.7 million last year, a 30% drop from a year earlier, yet still one of the biggest annual payouts on record in high finance.
Schwarzman, 77, collected $777 million in dividends alone from his roughly 20% stake in the alternative-asset manager, according to a regulatory filing Friday. He earned an additional $120 million mostly through incentive fees and the share of fund profits known as carried interest. He received a record $1.27 billion in 2022.