In a significant financial disclosure, Blackstone Inc. Chief Executive Officer Steve Schwarzman reported earnings of $896.7 million last year, reflecting a 30% decrease compared to the previous year. Nonetheless, this payout remains one of the largest annual compensations recorded in high finance.
At the age of 77, Schwarzman garnered $777 million solely from dividends, attributable to his approximately 20% stake in the alternative-asset manager, as per a regulatory filing released on Friday. In addition, he accrued an extra $120 million, primarily through incentive fees and the share of fund profits, commonly referred to as carried interest. Notably, Schwarzman received a record $1.27 billion in compensation in 2022.
Have you read?
EXCLUSIVE: The Top 10 F1 drivers of 2023.
Report: Jordan Citizenship by Investment Programme, 2023.
Report: Malta Citizenship by Investment Programme, 2023.
Report: Saint Lucia Citizenship by Investment Programme, 2023.
Report: St Kitts and Nevis Citizenship by Investment Programme, 2023.
Report: Türkiye Citizenship by Investment Programme, 2023.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
