Blackstone’s Schwarzman Collects $1.1 Billion in Dividends, Pay

Blackstone Inc. Chief Executive Officer Steve Schwarzman took home $1.1 billion in dividends and compensation in 2021, in what amounts to one of Wall Street’s biggest annual payouts on record.

It was the first time that Schwarzman, 75, collected more than $1 billion in a year. He generated $941.6 million through dividends from his 19% stake in New York-based Blackstone, according to a regulatory filing Friday. He also earned $160.3 million from compensation, which is mostly profit tied to funds on top of a $350,000 salary.

Stephen Schwarzman

Photographer: David ‘Dee’ Delgado/Bloomberg

The haul is a reminder of how Schwarzman’s grip atop the private equity ...