According to various reports, Schwarzman has earned around US$ 100 crore in company dividends alone. Shuvasmanera’s annual revenue in 2021 was 1.1 billion US dollars. He is one of the highest earners on Wall Street. According to the Bloomberg Billionaires Index, the Blackstone CEO’s net worth is 30.6 billion US dollars.
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The CEO of the company is not the only one behind the staggering net worth. He has investments in many stocks and funds. It invests in all funds of its own company. John Gray, the president of Blackstone, earned $47.92 million in 2022. Dividends from shares in Blackstone also made him extremely wealthy. Stephen Schumacher founded Blackstone Group, a global private equity firm, in 1985 with former chairman of Lehman Brothers and US Secretary of Commerce Peter G. Peterson. The company has been one of the largest investment firms in the US for the past three decades.
The company also has influence in the field of commercial real estate. The company has presence in the field of credit distribution, hedge funds and insurance. As of the third quarter of FY 2022, the company’s total assets under management are around US$ 951 billion. This makes the company one of the largest investment firms globally.
