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Blackstone CEO Schwarzman's pay and dividends top $1 billion in 2024, Bloomberg News reports

Alternative asset manager Blackstone's CEO Steve Schwarzman collected over $1 billion in pay and dividends last year, Bloomberg News reported on Friday.
Blackstone CEO Stephen Schwarzman received a compensation package exceeding $1 billion in 2024, largely due to a significant increase in the value of his shares in the company, according to Bloomberg News. This compensation was primarily driven by Blackstone's stock price surge, which was influenced by the firm's strong financial performance, including a record distributable earnings of $5.3 billion in the previous year. Schwarzman's wealth is closely tied to Blackstone's performance, with his shares and unvested options accounting for the bulk of his compensation. This news comes amidst a backdrop of discussions on executive pay and its alignment with shareholder interests, highlighting the lucrative nature of private equity leadership roles.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/blackstone-ceo-schwarzmans-pay-tops-1-billion-2024-bloomberg-news-reports-2025-02-28/ ]