Blackstone CEO Schwarzman's pay tops $1 billion in 2024, Bloomberg News reports

Business and FinanceBusiness and Finance

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Blackstone CEO Schwarzman's pay tops $1 billion in 2024, Bloomberg News reports

^{Published on 2025-03-01 05:00:55 - Reuters}

Alternative asset manager Blackstone's CEO Steve Schwarzman collected over $1 billion in pay and dividends last year, Bloomberg News reported on Friday.

Stephen Schwarzman, CEO of Blackstone Inc., is set to receive a compensation package exceeding $1 billion in 2024, according to Bloomberg News. This substantial payout is primarily due to the firm's robust performance, with Schwarzman's earnings largely stemming from his 20% stake in Blackstone, which has seen significant growth. The report highlights that this compensation includes dividends, carried interest, and other incentives, reflecting Blackstone's successful navigation through economic challenges and its expansion into various sectors like real estate, private equity, and credit. The news underscores the lucrative nature of private equity leadership roles and the alignment of Schwarzman's interests with those of the firm's investors.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/blackstone-ceo-schwarzmans-pay-tops-1-billion-in-2024-bloomberg-news-reports/ar-AA1A1egW ]

N@N

Blackstone CEO Schwarzman's pay tops $1 billion in 2024, Bloomberg News reports