Stephen Schwarzman Wiki
Stephen Schwarzman (Stephen Allen Schwarzman) is an American businessman and also a philanthropist. He is the Chairman and CEO of The Blackstone Group, a global private equity firm which he established in 1985 together with the former Chairman and CEO of Lehman Brothers and US Secretary of Commerce Pete Peterson.
Stephen Schwarzman Biography
His personal fortune is estimated to be at $12.4 billion as of December 2018. As of 2017, Forbes ranked him at 117th on its World’s Billionaires List. Schwarzman shortly served as Chairman of President Donald Trump’s Strategic and Policy Forum for 6 months before it was disolved.
Stephen Schwarzman Age
Stephen Schwarzman Family
Stephen was born to Joseph Schwarzman(father) who ran a former dry goods store and Arline(mother).
Stephen Schwarzman Married|Wife
Schwarzman tied a knot with his first wife Ellen Philips back in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center. The couple separated in 1990. Together they have two children together, one of whom is film producer named Teddy Schwarzman.
Later in 1995, Schwarzman remarried to his second wife Christine Hearst. She is an intellectual-property lawyer who grew up on Long Island, New York United States. Christine has one child from her previous marriage. Stephen lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Schwarzman purchased the apartment from Saul Steinberg.
Stephen Schwarzman Daughter
Stephen has one daughter named Elizabeth and a son, Edward who is from his first wife, Ellen Philips. Schwarzman is also the stepfather of a child that his second wife had from her previous marriage. Elizabeth Schwarzman was born in the year 1976. She is the oldest child of Stephen. Elizabeth is married to Andrew Curtis Right since 2005.
Stephen Schwarzman Height|Weight
He stands at a height of 5 feet 8 inches, and weighs 79 Kg.
Stephen Schwarzman Salary
Stephen Schwarzman Net Worth
Schwarzman has a net worth of 14.6 billion USD.
Stephen Schwarzman Blackstone
The Blackstone Group L.P. is an American multinational private equity, alternative asset management including financial services firm. Its based in New York City. Blackstone is the largest alternative investment firm in the world. It specializes in private equity, credit and also hedge fund investment strategies.
Blackstone’s private equity business has been one of the enormous investors in leveraged buyouts in the last decade, while it’s real estate business has actively received commercial real estate. Since its inception, Blackstone has invested in such notable companies such as Hilton Worldwide, Merlin Entertainments Group, Performance Food Group, EQ Office, Republic Services, AlliedBarton, United Biscuits, Freescale Semiconductor, Vivint, including Travelport.
Blackstone was founded back in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had formerly worked together at Lehman Brothers. Since then, Blackstone has become the world’s largest individual (private) equity investment firm. Earlier in 2007, Blackstone became a public company through a $4 billion initial public offering becoming one of the first major private equity firms to list shares in its management company on the public stock market.
Blackstone is headquartered at 345 Park Avenue in Manhattan, New York City, having eight additional offices in the United States, and other offices in London, Paris, Dublin, Düsseldorf, Luxembourg, Sydney, Tokyo, Hong Kong, Singapore, Beijing, Shanghai, Mumbai, including in Dubai.
As of 2019, the company’s total assets under management were around US$ 470 billion dollars. In April 2019, Blackstone disclosed it would convert to a corporation from a publicly traded partnership.
Stephen Schwarzman Library|Building
The Stephen A. Schwarzman Building is also part of The New York Public Library. It consists of four major research libraries and other 88 branch libraries located in the Bronx, Manhattan, and Staten Island.
Stephen Schwarzman House|Palm Beach House|New York
Stephen Schwarzman House Photo
Stephen Schwarzman Book
King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone. Authors include David Carey and John E. Morris.
Stephen Schwarzman Philanthropy
The Blackstone financier Stephen A. Schwarzman placed a big bet on the study of artificial intelligence landing at No. 4 on the Philanthropy 50, the Chronicle’s which ranked him of the top donors.
Stephen Schwarzman Blackstone Group
Schwarzman is Chairman, CEO and Co-Founder of Blackstone. Its one of the world’s leading investment firms worth $512 billion Assets Under Management as of March 31, 2019. Stephen has been involved in all phases of Blackstone’s development since it was founded in 1985.