Stephen Schwarzman is an American businessman, investor, philanthropist, politician advisor. He is one most powerful men alive on earth. According to Forbes magazine, Schwarzman was the 42nd powerful man in 2018. He is most famous for co-founding the Blackstone Group.
Here we prepare an article about Schwarzman. Here we will talk about Stephen Schwarzman’s net worth, his yearly income, how much money he is holding, his little bio, and some other facts that you might enjoy.
What is Stephen Schwarzman’s Net Worth?
According to various online sources Schwarzman estimated net worth is about 20 billion dollars and his company maintains more than 550 billion dollars worth of assets.
|23 billion dollars
|20 billion dollars
|18.4 billion dollars
|16.7 billion dollars
|15 billion dollars
Stephen Schwarzman has earned a large amount of money from his career. His main source of income is The Blackstone Group. Every year Schwarzman earned about 600 million dollars.
Early Life & Education
Stephen Allen Schwarzman was born in Huntingdon Valley, Pennsylvania on February 14 in 1947. He is the son of Arline and Joseph Schwarzman. Schwarzman was raised in a Jewish religious family. His father owned a dry goods store where they sold their product. Schwarzman grew up with his younger twin brothers, Mark and Warren.
Schwarzman was a very intelligent boy. He first attempts business when he was just a kid of 14 years old. Schwarzman started a lawn-mowing business with his brothers. His brothers used to mow and Schwarzman brought the customer.
Schwarzman was a very talented and brilliant student. He took his first primary education from Abington School District and completed his high school graduation from Abington Senior High School in 1965. After completing his high school boundary Schwarzman went to Yale University and graduated in 1969. After graduation, Schwarzman served in the US Army for a short period of time and then joined Harvard University for Ph.D., and completed his education in 1972.
After finishing his study Schwarzman joined the investment bank Lehman Brothers. He was very good at his jobs and his boss found his performance very astonishing. So soon Schwarzman got the promotion and became the managing director at the age of 31.
In 1985, Schwarzman left the job at Lehman Brothers, we don’t know for sure why he left while he was very good with his jobs. Anyway leaving the Lehman Brothers company made a fortune for him, it changed his life as well as his economic condition. The same year Schwarzman left the company he co-founded The Blackstone Group with the CEO of Lehman Brothers, Peter Peterson.
The Blackstone Group is now one of the biggest alternative investment firms in the world. At first, the group used to work with Mergers and Acquisitions, later they diverse their area into direct lending, Alternative Assets ann Real Estate. They have more than 500 billion worth of assets under their management.
|Rеаl Nаmе/Full Nаmе:
|Ѕtерhеn Аllеn Ѕсhwаrzmаn
|74 уеаrѕ оld
|14 Fеbruаrу 1947
|Рhіlаdеlрhіа, Реnnѕуlvаnіа, Unіtеd Ѕtаtеѕ
|Сhrіѕtіnе Неаrѕt Ѕсhwаrzmаn (m. 1995), Еllеn Рhіlірѕ (m. 1971–1990)
|Сhіldrеn/Кіdѕ (Ѕоn аnd Dаughtеr):
|Yеѕ (3 аnd оnе ѕtерсhіld)
|Іѕ Ѕtерhеn Ѕсhwаrzmаn Gау?:
|СЕО оf Вlасkѕtоnе Grоuр
Stephen Schwarzman is one of the richest and wealthiest men alive on earth. He has made a huge amount of money from his business. Stephen is the 64th richest billionaire in 2022. Schwarzman does many social works and donates a lot of money to charity. He has announced a donation of 100 million dollars to the New York Public Library. Schwarzman helped children who can’t pay their tuition.