Blackstone’s Schwarzman Takes Home More Than $1 Billion Again

Blackstone Inc. Chief Executive Officer Steve Schwarzman collected just over $1 billion in pay and dividends in 2024, putting the spotlight on the billionaire’s wealth just as Washington takes aim at how private equity profits are taxed.

Most of Schwarzman’s annual windfall came in dividends, not fund profits. He is the single largest holder of Blackstone stock with a stake of almost 20% in the world’s largest alternative asset manager worth roughly $37 billion, according to an annual filing Friday.

Schwarzman took home about 11.5% more than what he reaped in 2023 because of his $916 million in dividends. ...