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Wednesday, June 12, 2024
CEOWORLD magazine - Latest - CEO Journal - Blackstone Inc. CEO Steve Schwarzman Reports Compensation of $896.7 Million

CEO Journal

Blackstone Inc. CEO Steve Schwarzman Reports Compensation of $896.7 Million

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.

 

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CEOWORLD magazine - Latest - CEO Journal - Blackstone Inc. CEO Steve Schwarzman Reports Compensation of $896.7 Million

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Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz