Last Updated: 25 Mar, 2023 | Views: 949
Age: 77
Profession: CEO
Other Profession(s): Business Men
Famous For: Chief Executive Officer of the Blackstone Group
Higher Education: B.A. from Yale University and M.B.A. from Harvard Business School
Net Worth: $31.1 billion
About (Profile/Biography):
Stephen A. Schwarzman, a well-known American billionaire businessman, was born in Pennsylvania. Stephen Schwarzman is a legendary figure in business who is most known for co-founding and leading Blackstone. Blackstone is one of the top investment firms in the world in 2022, with $941 billion in assets under management. He acquired a taste for corporate finance during his six months with the company, but he quickly realized that he required additional education before he could pursue a career in the industry.
Career:
Mr. Schwarzman belongs to the World Economic Forum's International Business Council, the Business Committee, the Business Council, and the Council on International Policy.
In 1969: After graduating from Yale, Mr. Schwarzman met Bill Donaldson during a homecoming weekend.
Stephen A. Schwarzman joined Donaldson, Lufkin & Jenrette, an investment banking company.
In 1972: Mr. Schwarzman enrolled in Harvard Business School after completing his required military service in the Army Reserve, and he graduated.
Schwarzman secured roughly a billion dollars for Blackstone's first private equity fund because he wanted to start out big.
In 1991: Schwarzman entered the real estate market, right in the middle of a severe downturn.
Achievements and Awards:
Stephen Schwarzman has become a multi-billionaire as a result of his management of Blackstone's investments.
Schwarzman was making well over a million dollars every day from his own shares in The Blackstone Group, which had a $7.7 billion market value.
Unknown facts:
Schwarzman gave the New York Public Library $100 million in 2008 to help pay for the refurbishment of its main branch facility on Fifth Avenue and 42nd Street.
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