He is 1.72 m tall. Stephen Schwarzman Facts & Wiki Stephen has been married to Christine Hearst since 1995, with whom he has no children, however, Stephen was previously married to Ellen Phillips, from 1971 to 1990 . [43], According to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. Ultimately, though, its a win-win. [66] She has one child from a previous marriage. Austin Hearst was once married to Christine Mularchuk who is currently the wife of Stephen Schwarzman but the marriage ended in divorce. Blackstone started out as a relatively small concern, dealing primarily in mergers and acquisitions. To drive home this point, we compared what these billionaires spent to what the equivalent would be for someone with the median American household net worth, which was $121,700 in 2019, according to the Federal Reserve Boards Survey of Consumer Finances. Over the next few months, Congress launched a private equity pile-on. All that money for a bunch of useless fountains, said Michael M. Thomas, the best-selling author who preceded Mr. Schwarzman both as a student at Yale and as a partner at Lehman Brothers. "[36] On August 16, 2017, following five members' resignations, President Trump announced via Twitter he was disbanding the forum. Stephen has a daughter, Elizabeth and a son, Edward from his first marriage to Ellen Philips. The $132 Billion Dinner: Meet The Tycoons Who Ate With Trump - Forbes She married Zak Schwarzman on August 19, 2017, in House Island, Portland Harbor. Christie Hearst Schwarzman Wikipedia, Age, Bio, Family, Married, Lawyer [45] In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. Among their largest contributions: $10.5 million to the Senate Leadership Fund (which in turn spent $92 million opposing Jon Ossoff), $1.75 million to Americans For Prosperity Action (which spent $13 million supporting David Perdue) and $1.5 million to Better Future MI Fund (which spent $11 million opposing Gary Peters). Stephen Schwarzman updated April 2023 Age, Bio, Wiki If you do (and if you understand a little of the companys history), youll know the name is actually a combination of its two founders names. Mr. Schwarzman will be the fifth Chairman of the Center. The founder and CEO of Chicago insurance firm Ryan Specialty Group avoided donating to Trump. A week before the much-anticipated IPO, Sen. Chuck Grassley (R-Iowa) introduced legislation hiking the tax rate for publicly traded private equity partnerships from 15 percent to 35 percent. Sources close to the company said Blackstone repeatedly met with Senate staffers before the IPO to assuage lawmakers fears about Chinese investment in the company. The group, which includes JPMorgan Chase CEO Jamie Dimon, Walt Disney boss Bob Iger and former General Electric leader Jack Welch, became Trump's Strategic and Policy Forum. His first wife was Ellen Philips, whom he had met while studying at Harvard. [11] In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions. He is a film producer and a corporate lawyer by profession. How does a man people are inclined to make fun of usually wind up with the upper hand? [50], On April 21, 2013, Schwarzman announced a $100 million personal gift to establish and endow a scholarship program in China, Schwarzman Scholars, modeled after the Rhodes Scholarship program. The college serves as a vibrant, interdisciplinary hub committed to addressing the global opportunities and challenges presented by the ever-increasing prevalence of computing and the dawning of a new age of AI. What he wanted in return was too much for the district", "M.I.T. Net Worth 2019 is. Stephen Schwarzman's net worth is projected to reach $35 billion as of October 2022. Your email address will not be published. Stephen A. Schwarzman Named Chairman of the Board of Trustees of the Kennedy Center 20 May 2004 WASHINGTON, D.C.May 20th, 2004. . He also dumped money into super-PACs that supported Sens. (He even once compared Mr. Trump to P.T. [49] In 2018, Schwarzman donated $10 million to another library, the National Library of Israel. Net worth: $12.4 billion; Source of wealth: Cofounder of private equity firm Blackstone; Additionally, the recent focus on capital improvements at New Yorks most storied nonprofits is occurring at a time when their boards are chock-full of real estate barons and finance wizards who have voted to reduce services, lay off employees and offload assets. Donald Trump cleared the way for Warrens Dakota Access Pipeline, then appointed the oil billionaire to the board of the John F. Kennedy Center for the Performing Arts. 2014 - 2023 Marathi.TV - All Rights Reserved. She attracts headlines for being someone who can attract wealthy husbands and spends money on lavish homes and birthday parties with stars such as Rod Stewart and Patti LaBelle performing. [55][56] Additionally, Schwarzman is also a member of the Berggruen Institute's 21st Century Council. Let us now look at the illustrious Schwarzman Family. Austin Hearst Net Worth 2023- Biography, Personal Life, Education, Profession; Jenna Ortega Net Worth 2023: Bio, Earnings, Career, Family . Plaque at the New York Public Library central reference building honoring Schwarzman's contributions According to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. Height Weight Hair Colour Eye Colour Blood Type . [41], In 2020, Schwarzman donated $15 million to the Senate Leadership Fund,[42] a super-PAC tied to Mitch McConnell. His problems all started with one very infamous party. site is created for Christine Hearst Schwarzman -------- His name has crossed the Atlantic the day of the release of the highest salaries in the United States. In 1971, Schwarzman invited Kerry to speak at Harvard Business School.). Had he been on our list at the time this article was published he would have appeared as no. As a subscriber, you have 10 gift articles to give each month. [15][16] He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion. Practice Area: General Practice Profile updated: 3/17/13 Submit profile update. Christine Schwarzman Photos and Premium High Res Pictures - Getty Images This makes him the 100th richest person in the world and the 39th in the US. In 2007, Mr. Schwarzman held his birthday party at the Park Avenue Armory. Part 2. Still, it was clear to him she is a pretty big deal, an admired person, he said, because all these people in his office got bizarrely star-struck when she walked in. Edward Frank Teddy Schwarzman is the son of Stephen and he was born in 1979. Well, having money helps a lot. His parents, Arline and Joseph Schwarzman, owned Schwarzmans, a dry-goods store. The richest man in private equity, Schwarzman put $35 million into a super-PAC called the Senate Leadership Fund supporting Republican senators. Over the last few weeks, friends of the Schwarzmans have been slightly surprised that his check underwriting the exhibition didnt translate into invitations for them. In fact, many of them lately like to show off, 40/ 40Cardi Bs dream mansion in Atlanta rap-up.com After two years of house hunting Cardi B, 55/ 55Sean Penn $70,000,000 via bz-berlin.de Sean is a dinosaur in Hollywood, but he manages. Theyre energizer bunnies. Ricketts, who founded a stock brokerage firm that grew into TD Ameritrade, and his wife, Marlene, spent millions supporting Trump and GOP senators ahead of the 2020 election. In December 2021, Schwarzman and his wife Christine gave $25 million to the Animal Medical Center of New York in New York City. That did not happen until after Mr. Trump won the election, at which point Mr. Schwarzman agreed to come aboard his team of business advisers and began raising money for his re-election. Stephen Schwarzman Net Worth Stephen Schwarzman Net Worth 2023: Wiki Biography, Married, Family, Measurements, Height, Salary, Relationships. Las Vegas mogul Wynn stepped down as finance chair of the Republican National Committee and CEO of Wynn Resorts amid sexual misconduct allegations in 2018. There are several reasons Mr. Schwarzman inspires enmity. While a student, Schwarzman was a member of the same Skull and Bones secret society as George W. Bush. [57], He has sat on the board of trustees of New York-Presbyterian Hospital since 2016. Stephen Schwarzman Net Worth and Career Earnings She left that gig in 2019 to lead the pro-Trump super-PAC America First Action and ended up pouring $15.7 million into the group. Stephen Schwarzman Net Worth (Investments) Much of the cultural vitality of New York has long been due to the benevolence of such great Americans as Brooke Astor and David Rockefeller, Ms. Wintour said in a statement last week. To find out more, keep reading. Zibby Owens , Christine Schwarzman and guests attend Literacy Partners Evening Of Readings Gala & Dinner at Cipriani Wall Street on April 11, 2022 in. Christine Hearst Schwarzman - This house will exist Before that, he raised at least $100,000 as a Bush Pioneer, helping out an old buddy from Yale. [28][29] In 2012, Obama called Schwarzman and requested his assistance in brokering a budget agreement with Republicans in congress to avoid a fiscal cliff. He was in the same society as George W. Bush, 4. But the Blackstone Group is an enormously powerful real estate investor. [52][53][54], In spring 2015, Peter Salovey, the president of Yale University, announced that Schwarzman contributed $150 million to fund a campus center in the university's historic "Commons" dining facility. Thats when I said, Bingo, Cardinal Dolan recalled. The Fifth Avenue headquarters of the New York Public Library is now the Stephen A. Schwarzman building, thanks to a contribution of $100 million in 2008. [69][70] He spent millions of dollars on both his sixtieth and seventieth birthday parties. They also funneled more than $8 million into committees supporting Joe Biden. But even if you dont count the billion-plus dollars that went to his own campaign, Bloomberg still would have donated more than all but two billionaires to the 2020 election. Despite its secret status, the society has become something of an institution, thanks largely to its influential alumni and the various conspiracy theories and folklore that surrounds it. On the guest list that night were dignitaries such as Colin Powell, Donald Trump and mayor Michael Bloomberg, as well as celebrities such as Patti LaBelle and Rod Stewart, both of whom treated their host to private performances. The central reference building on 42nd Street and Fifth Avenue was renamed The Stephen A. Schwarzman Building. In 2015, Yale University announced that Mr. Schwarzman was donating $150 million to the school for the construction of a student hub located smack in the middle of its campus. The program, which launched to the tune of $575 million, is modeled on the Rhodes Scholarship, and, according to Blackstone is the largest philanthropic effort in Chinas history to have come from international financiers. [44] In 2014, Schwarzman was named as one of Bloomberg 's 50 Most Influential people of the year. He made his 13400 million dollar fortune with Co-Founder, chairman & CEO of The Blackstone Group. Is Stephen Schwarzman Married? Martin Short served as the M.C. Off went Mr. Steinbergs billiard tables. Blackstone points out that these sums reflect the fact that Schwarzman . In 2007, the Blackstone Group went public, and Mr. Schwarzman earned hundreds of millions of dollars through the I.P.O. [60], In June 2019, the University of Oxford announced that Schwarzman had donated 150 million to establish the Schwarzman Centre for the Humanities, due to be completed for the university's 202425 academic year. [25], In August 2010, Schwarzman compared the Obama administration's plan to raise the tax rate on carried interest to a war and Hitler's invasion of Poland in 1939, stating, "It's a war. The total estimated net worth of Stephen A. Schwarzman is about $14 billion approximately. He is married to Ellen Marie Zajac. Mr. Schwarzman and President Trump at a White House meeting with business leaders last year; Mr. Schwarzman is an adviser to the president. She is a restructuring partner in Ropes and Gray's New York office. The hospital was renamed The Stephen and Christine Schwarzman Animal Medical Center. Stephen A. Schwarzman, CEO of the Blackstone Group: Net Worth, Wiki [17] In the following years, his compensations increased even more: he received $350 million in 2007[18] and $702.4 million in 2008[19] - partly due to stock awards. To the delight of Mr. Thomas, the donation still went through. More than 200 chipped in to support their favorite presidential candidates. I was fascinated about how that transition occurs with someone who was not achievement-oriented, he said about President Bush to The New York Times in 2004. Personal Life, Parents and Family Details : Dear Christine, You sound like the real thing churches try to produce, bringing companies together and getting a lot more done than doing nothing. [Billionaires] get an outsize influence at what isto themjust an incredibly affordable rate.. As well as numerous other prominent nonprofits. A fourth, Howard Schultz, flirted with the idea. She was the daughter of an industrialist, Jesse Philips from Ohio. [71][72], In 2011, The Wall Street Journal reported on the vast water consumption of wealthy Palm Beach residents during exceptional drought conditions. Both are now big Democratic donors. Christine Schwarzman Photos and Premium High Res Pictures - Getty Images First: New York City has more residents worth at least $30 million than any metropolis on planet Earth, but it still regards itself as a progressive enclave. Marvel Entertainment chairman Perlmutter has long been loyal to Trump, a neighbor in Palm Beach, Fla. About 95% of the Perlmutters contributions went to committees vying to reelect the president. This is the fourth installment of a four-part series exploring the money billionaires poured into the 2020 election. Behind the polished veneer of state-of-the-art office, Read More The 20 Worst Companies to Work For in 2019Continue, Vineyards and wineries have been in existence for centuries. They compare the current tax battle with the fight Microsoft and the technology industry had in the mid-1990s. But that reveals the extent of the problem with modern philanthropy, not its absence, he said. Levin claims he never heard of Blackstone before he started working on his bill this past spring. His rise up the ranks was rapid; by the time he was just 31 years old, Schwarzman had reached the position of Managing Director. Arkansas banker Stephens is a longtime Republican donor. (Courtesy of Blackstone Group) She and Schwarzman, her second husband, have two children, Elizabeth. Who cares? Following his election, Trump appointed Schwarzman as the chairman of the White House Strategic and Policy Forum. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); For requests, complaints, suggestions or queries, contact us via E-mail below, Justine Musk Net Worth, Novels, Books, Wiki, Age Elon Musk Wife , Anupama Nadella Wiki, Family, Age, Caste Satya Nadella Wife Bio, Melanie Craft Wiki, Age, Bio, Net worth ( Larry Ellison Wife ) Divorce, Rebekah Paltrow Neumann Wiki, Age, Bio, Parents, WeWork Net Worth, Mackenzie Bezos Wiki, Age, Children, Net worth, House, Height, Wedding, Marina Acton Net Worth, Husband, Age, Ukraine Who is She Wiki Bio, Ted Jorgensen Wikipedia, Death ( Jeff Bezos Father Dad ) Age, Bio, Died. Rachel Maddow has recently been getting more than her usual amount of media attention as her MSNBC show, The Rachael Maddow Show has been deemed to be too far left by The New York Times. Wall Street Wives - Business Insider When he turned 60, Schwarzman outdid even himself. Five years after his divorce was finalized, Schwarzman married again, this time to intellectual property lawyer, Christine Hearst. Sheldon, who died in January, broke his own spending records, doling out $120 million to GOP congressional super-PACs, $90 million to a pro-Trump super-PAC and about another $8 million to other conservative causes and candidates. Stephen Schwarzman Biography, House, Yacht, Wife, Career & Net Worth She married Andrew Curtis Right in 2005. It's like when Hitler invaded Poland in 1939. But plans to rename it after him were scrapped when people in the town nearly had a conniption. Stephen Schwarzman (Investments) - Overview, Biography (AP Photo/Alex Brandon) Stephen Schwarzman. For 2008, Schwarzman has already maxed out on some of his contributions. His mentor at Lehman Brothers, where Mr. Schwarzman worked in the earlier part of his career, was Peter G. Peterson, a much revered society and business world figure. Stephen is known to be greatly charitable and has made several contributions to various organizations which help support social and educational causes in the United States and throughout the world. They love dancing, and they love watching people.. The report disclosed that Schwarzman donated $344,000 in support of Trump's re-election campaign. Covid-19 hasnt been kind to the gambling business, but you wouldnt know that looking at the Adelsons 2020 donations. Whether it was the party blow-out that led to testy relations in Washington, the media-loving Schwarzman has lowered his public profile since early summer. Julia La Roche for Business Insider. Stephen Schwarzman was born on February 14, 1947 in New York, New York, United States, is Chairman and CEO, Blackstone Group. [1], Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman. In 2018, Schwarzman proved his philanthropic credentials once again when he donated a hefty $350 million sum to help found the MIT Schwarzman College of Computing. His salary was $734.2 million in 2015, $425 US million in 2016, and $786 US million in 2017. The proposal was immediately nicknamed the Blackstone bill, a backhanded compliment to Schwarzman. Today, he just wants Washington to leave him and his bankbook alone. We already know about Paul Tudor Jones, Jamie Dimon and Steve Schwarzman because we read . In 2014, the Metropolitan Museum of Art cut the ribbon on a four-block-long plaza named after Mr. Schwarzmans downstairs neighbor David Koch, who paid $65 million for the privilege. An adviser to President Trump who once compared Obama-era tax hikes on corporations to Hitler invading Poland is bound to have some enemies. Today, Schwarzman is the richest man in private equity, ranking #38 on Forbes' richest Americans list with a net worth of more than $11 billion. The total net worth of Stephen Schwarzman is $20 Billion. Blackstone . Three of themDonald Trump, Michael Bloomberg and Tom Steyerran for president. The award was created in 1933 by then president Abelardo L. Rodrguez to recognize the services given to Mexico or humankind by foreigners. What is the Birth day of Stephen Schwarzman? Since 1990, Schwarzman and his wife have given more than $283,000 to political candidates, according to the Center for Responsive Politics. A lot of celebrities do not know what to do with their money anymore in 2022. Stephen Schwarzman with beautiful, Wife Christine Mularchuk Hearst, Caught Smoking: These Are The 60 Most Shocking Celebrity Smokers, These 50 Celebrity Tattoos Went Horribly Wrong, The Aquarius with shirtless thin body on the beach, Top 60 Celebrities Without Makeup (Before & After), 40 Whopping Homes & Cars Of Celebrities That Will Amaze You, Top 55 of Worlds Richest Actors Current Net Worth, Top 60 Craziest Tattoos Of Celebrities in 2023, Top 15 Highest-Paid Soccer Players Of All-Time Revealed (2023). The economist is married to Christine Mularchuk Hearst , his starsign is Aquarius and he is now 75 years of age. In 2007, Schwarzman led the biggest leveraged buyout in history when Blackstone acquired Equity Office Partners in a $34 billion deal. While some plastic surgeons make money hand, Read More The 20 Richest Plastic Surgeons in the WorldContinue, Love them or hate them, Televangelists are woven into the very fabric of American life. The couple had two children together. No wonder Warren was willing to spend more than $10 million to get Trump reelected. 18). Marcus cofounder from Home Depot, Arthur Blank, supported Biden in 2020, but Marcus spent more than 30 times as much on Trump as Blank did on Biden. The job got him a private lunch with Laura Bush in the White House residence. Mr. Schwarzmans birthday bash with camels and Ms. Stefani may have been cheaper than last years Costume Institute gala, but it is thanks to his fortune ($12.3 billion, according to Forbes) that theres another Costume Institute gala this year. Mr. Trump was unusually solicitous about Mr. Schwarzman during the campaign, and reportedly asked aides numerous times if there had been any luck getting him to pledge allegiance. He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson, former chairman and CEO of Lehman Brothers and US Secretary of Commerce under President Richard Nixon. In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of the year. [68] They divorced in 1990. In the early years of the millennium, TIME confirmed what wed all suspected for some time: Stephen Schwarzman is seriously influential. Or a little more than twice as much as Joe Bidens campaign. Some of his most fabulous shindigs have included a Christmas event based around a 007 theme (complete with Bond Girl waitresses), and a birthday celebration that saw his Park Avenue apartment recreated down to the very last detail at a regimental armory on Manhattans upper east side. As the founding CEO and chair of the Blackstone Group (the worlds largest buyout firm), Stephen Schwarzman ranks as one of the worlds richest and most controversial figures. In the 1990s, she worked at Cowan, Liebowitz & Latman. Stephen Allen Schwarzman is an American investor, financier and business tycoon. [1][38] In response to criticism for his involvement with the Trump administration,[39] Schwarzman penned a letter to current Schwarzman Scholars, arguing that "having influence and providing sound advice is a good thing, even if it attracts criticism or requires some sacrifice. He and his wife helped underwrite the exhibition Heavenly Bodies: Fashion and the Catholic Imagination, handing over a check that two sources close to the museum said was in the ballpark of $5 million. After working as a professor with Jim Simons (No. Stephen Schwarzman Net Worth 2023: Wiki, Married, Family, Wedding According to Forbes, he had a net worth of $12.4 billion as of August 2018, increasing to $19 billion as of October 2020. . In 1995, Schwarzman wed Christine Hearst, an attorney for intellectual property who was born and raised on Long Island, New York. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions. This is partly because the gifts often come with conditions. Stephen A. Schwarzman and his wife, Christine, at a benefit in 2014. The new tax plan added $1 trillion of additional revenue by raising taxes, closing tax loopholes, and ending deductions. [46], In 2004, Schwarzman donated a new football stadium to Abington Senior High Schoolthe Stephen A. Schwarzman Stadium. And it doesn't seem like he'll slow his roll. Big egos have impacted our industry adversely, Warren Hellman, chairman and co-founder of San Francisco-based private equity firm Hellman & Friedman, recently told Fortune. He identified as center-right and said the eventual GOP nominee should appeal to independent voters, not the right wing of the Republican Party. Here are the donors Forbes found, ranked in order of how much they spent and listed with their donation converted to an equivalent sum based on the median household income. However, he stopped short of criticizing Trump over the riot. has more residents worth at least $30 million than any metropolis on planet Earth. So when Versace was approached to sponsor the Costume Institute gala, but didnt have enough money, calling Mr. Schwarzman made sense. What is Stephen Schwarzman's net worth and salary? The education campaign had to be quite extensive.. Showing Editorial results for christine schwarzman. By contrast, the entrance of the private equity guru Stephen A. Schwarzman and his wife, Christine, was inconspicuous. Reps. Sander M. Levin (D-Mich.) and Charles B. Rangel (D-N.Y.) announced a bill increasing the tax rate paid by investment mangers on a portion of their income known as carried interest. Nevertheless, journalists called out their names. Saul Steinberg sold the apartment to Schwarzman. In 1985, the two decided to join forces and start their own business. When the company proposed to go public in 2007, Schwarzman was forced to revel the extent of his earnings: the subsequent security filings showed that in 2006, Schwarzman had taken home the incredible sum of $398m. When it comes to business, Schwarzman takes no prisoners. Christi Pirro Age, Bio, Wedding, Husband, Married, Net Worth, Mother Stephen A. Schwarzman - Wikipedia In fact, a number of the donations are relatively modest in comparison to their outsize fortunes. "[1], In private Schwarzman called January 6 United States Capitol attack an insurrection and an affront to the democratic values we hold dear". Christine Hearst Schwarzman: Spouse Hitler? It has founded its own association, The Private Equity Council. and Rep. Rahm Emanuel (D-Ill.) are soon expected to announce a bill that would prevent hedge fund managers from using offshore shelters to defer taxes. Buying influence, for a regular American, would be incredibly expensive, says Robert Maguire, Citizens for Responsibility and Ethics in Washington research director. Mr. and Mrs. Schwarzman arriving at the Costume Institute gala in 2016. On 14-2-1947 Stephen Schwarzman (nickname: Stephen ) was born in Philadelphia, Pennsylvania, United States. 328 2 minutes read. Part 1. The brokerage king and his wife, Helen, shied away from supporting Trump directly, while donating millions to committees and super-PACs supporting Republicans running for Congress. Exactly. The former New York City mayor spent more of his own money running for president than anyone in history. [48], In early 2008, Schwarzman announced that he contributed $100 million toward the expansion of the New York Public Library, for which he serves as a trustee. Schwarzman's wealth is derived from the Blackstone Group, a private equity firm that had $941 billion in assets under management as of June 30, 2022, according to the company's website.. He is known as the CEO and Chairman of the Blackstone Group, a financial advisory and global private equity firm he Co-founded with Pete Peterson. The Costume Institute has the money it needed for the exhibition. He helped fund the MIT Schwarzman College of Computing, 9. He had previously been married to Ellen Philips, the daughter of a wealthy Ohio industrialist, whom he met during his graduate work at Harvard Business School. His second wife, Christine is an intellectual-property lawyer from Long Island, . Schwarzman didnt get the job. They say labor unions first suggested the tax hike to Congress. And the education center at the National Library of Israels new landmark building in Jerusalem is being named for Mr. Schwarzman, after a contribution earlier this year for $10 million. At this point, it has hired just about every big firm in town. Age / How old / Birthday / Date of Birth / DOB. Christine Schwarzman - Gawker Down came the red vinyl walls, which really would not have been the way to showcase Mr. Schwarzmans Monets and Cy Twomblys. One thing is certain: The issue has spiraled far beyond Schwarzman and the so-called Blackstone bill. [76], In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, "which draws from his experiences in business, philanthropy and public service." Net worth: $3.2 billion Contributions: . [14], When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. Mr. Schwarzman's courtship did not take long. When you work with the likes of Stephen and Christine, everyone benefits., So Mr. Schwarzman may be a flash point for income inequality, a man with more money than respect, but that seldom stops him from having the last laugh, or getting the multi-million-dollar tax write-off.
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