blackstone ceo net worth

He is residing with his family in a large estate. Lisette Voytko is a wealth reporter at Forbes Magazine, focusing on billionaires, money and the world's richest people. In 1988, Laurence worked a deal with the Blackstone Group to co-found BlackRock. Oatly has secured $200 million in investment from Blackstone, Oprah Winfrey, Natalie Portman, ex-Starbucks CEO Howard Schultz, and Jay-Z's Roc … The was below the roughly $786 million Schwarzman, 72, took home in 2017. Shares of the company, which sells clothing, shoes and accessories from designers like Balenciaga and Prada,, have more than doubled since going public on the New York Stock Exchange in September 2018. Since then, the digital trading guru has mostly laid low, giving directly to congressional and senatorial campaigns. ... Schwarzman has an estimated net worth … Before the social network, Rothschild cofounded Veritas, a storage software company, which sold to Symantec Senators Jack Reed of Rhode Island and Carl Levin of Michigan, both Democrats, called the joint subcommittee hearing to examine steps the regulators have taken in leading the U.S. response to the May 6 plunge that briefly erased $862 billion of stock value in less than 20 minutes before markets recovered. And in a year unlike any other—with the coronavirus pandemic raging unchecked around the world and many countries confronting systemic racism and inequality—the organization hopes that “efforts like the Giving Pledge aim to inspire those who have more than they need to give bigger and sooner.”. The compensation, largely due to Blackstone’s sale of some assets, exceeds the $425 million Schwarzman received in 2016 and his $734.2 million haul in … Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with over $500 billion in assets under management. You may opt-out by, Biden Receives More Than Twice As Much Money From Billionaires As Trump In Final Push, America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, gave another $75 million to Preserve America, in August he and his wife Cheryl contributed. Frank Cohen is a Senior Managing Director in the Real Estate Group and the Global Head of Core+ Real Estate. Blackstone CEO Stephen Schwarzman has poured more than $25 million into political causes this year. CEO Stephen Schwarzman, whose estimated $21 billion net worth means he has the most to give away. Lionel Assant is a Senior Managing Director and European Head of Private Equity for Blackstone, based in London. His personal fortune is estimated at $19 billion as of October 2020, ranking him at 64th on the World's Billionaires list. You may opt-out by, America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Jared Sullinger Looking To Make NBA Comeback. Thomas Peterffy, chief executive officer of Interactive Brokers, speaks during a Senate Banking hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2010. Photographer: Tony Avelar/Bloomberg *** Local Caption ***, Donations to committees and super-PACs supporting Trump: $1.2 million (Trump Victory). (Photo by Roy Rochlin/Getty Images), Donations to committees and super-PACs supporting Trump: $699,400 (Trump Victory); $3 million (America First Action). “You're the one that takes all the money from Wall Street,” Trump said in response. … Chief among them: Blackstone Chairman, CEO & Co-Founder. He is also a member of Blackstone’s Management Committee and sits on the firm’s various investment committees. During the second presidential debate last week, President Donald Trump and former Vice President Joe Biden argued (among many things) over who was more embedded in Wall Street. Dave Duffield, co-founder and co-chief executive officer of Workday, poses for a photo in Pleasanton, California, U.S., on Friday, May 21, 2010. Although tech billionaire donors skew overwhelmingly Democratic, David Duffield, who amassed a $12.4 billion fortune cofounding business software companies PeopleSoft and Workday, is backing Trump. Federal political donations are rare for Duffield, who is better known for his philanthropy — he cofounded and gave $345 million to Maddie’s Fund, an animal welfare charity named after his late miniature schnauzer. He cofounded Blackstone in 1985, helping grow it from a boutique mergers-and-acquisitions advisory business into the world’s largest buyout firm, with some $538 billion in assets. In addition to the $75 million they dropped on pro-Trump super-PAC Preserve America in August and September, the couple doled out $2,800 sums (the legal contribution limit) to more than two dozen candidates including Sen. Thom Tillis of North Carolina, Rep. Lee Zeldin of New York and Senate Majority Leader Mitch McConnell. In the final stretch of the elections, however, Peterffy gave $5 million to the Senate Leadership Fund super-PAC last month to keep the chamber out of Democratic control. He is the chairman and CEO of BlackRock, an American multinational investment management corporation. The firm has established leading investing businesses across asset classes, including private equity, where … Trump’s richest donor is casino mogul Sheldon Adelson, who has a net worth of more than $31 billion. Gross required PIMCO’s managing directors to give 1% of their annual compensation to the company’s charitable foundation. The Giving Pledge was started a decade ago by Buffett and Bill and Melinda Gates with 40 initial signees, some of whom, like Michael Bloomberg and Eli Broad, had already begun to actively give to charitable causes. Mr. Schwarzman has been involved in all phases of Blackstone’s development since its founding in 1985. BULLHEAD CITY, ARIZONA - OCTOBER 28: U.S. President Donald Trump speaks during a campaign rally on October 28, 2020 in Bullhead City, Arizona. Schwarzman is chairman and CEO of The Blackstone … He has been involved […] Kelly’s net worth is $45 million as she is a successful singer and actress. He also contributed $2 million to 1820 PAC, a super-PAC that supports Senator Susan Collins, who faces a tight re-election race in Maine. Previously on the Forbes breaking news desk. Here’s some background on the new billionaire signatories: Schwarzman has already given away more than $600 million to philanthropic, cultural and arts organizations and pledged to donate even more. The 92-year-old Canadian billionaire founded his eponymous Jim Pattison Group in 1961 with the purchase of a single General Motors Rebecca Blackstone net worth is $16 Million Rebecca Blackstone Wiki: Salary, Married, Wedding, Spouse, Family Rebecca Blackstone is an actress, known for DmC: Devil May Cry (2013), Red Dwarf (1988) and Shooting for the Butler (2014). © 2021 Forbes Media LLC. He comes from a rich family as his father was himself a music manager. Blackstone cofounder and CEO Stephen Schwarzman has, by our estimation, already given away $600 ... [+] million of his $21 billion fortune. Stephen Allen Schwarzman (born February 14, 1947) is an American businessman, investor and philanthropist. Thomas Peterffy, the CEO of Interactive Brokers who is worth $16.5 billion, was an early donor to Trump’s re-election effort, contributing $250,000 to Trump Victory in 2017. Photographer: John McCormick/Bloomberg *** Local Captiion *** Diane Hendricks, Donations to committees and super-PACs supporting Trump: $935,600 (Trump Victory), $4 million (America First Action), $1 million (Preserve America). In 2017, he gave $75 million to rebuild a Canadian hospital, reportedly the largest donation made by a private citizen to a single medical facility in the country’s history. People know who Stephen Schwarzman is—at least they think they do. Hendricks ramped up her spending in the last few months ahead of the election, spending $5 million between August and September on pro-Trump super-PACs. Blackstone CEO Stephen Schwarzman, who has a net worth of $17.8 billion, has donated $699,000 since 2017 to Trump Victory, which is the joint fundraising group between the Republican National Committee and the Trump campaign, and another $3 million to America First, a pro-Trump super-PAC, in January. I am a wealth reporter at Forbes covering billionaires who made their money in media, tech and retail. He transitioned to an advisory role after five years, before departing in 2015. She. Despite their fortune falling several billion dollars after Covid-19 temporarily shut down Adelson’s casinos, the megadonor couple has been spending heavily on the election. Barton became a billionaire in February, after shares of online real estate site Zillow climbed. A Badger State native and resident of Afton, Wisconsin, Hendricks also donated to Representative Tom Tiffany’s re-election in the state’s 7th District and to the coffers of Senator Ron Johnson, who will be up for re-election in 2022. Schwarzman briefly served as Chairman of President Donald Trump's Strat… Now, Blackstone oversees $434 billion and Schwarzman is worth about $12 … Mr. Schwarzman has been involved in all phases of Blackstone’s development since its founding in 1985. With his and his wife’s combined $1.2 million donation to Trump Victory, the committee supporting Trump’s reelection campaign and the Republican National Committee, Duffield joins venture capitalist Peter Thiel and Oracle CEO Safra Catz on a very short list of tech billionaires who have backed the president’s re-election. Trump shot back with his own accusation. Blackstone Group Inc is the 10% Owner of Cheniere Energy Partners LP. Previously on the Forbes breaking news desk. 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Early Facebook employee Jeff Rothschild, who has a net worth of $3.8 billion according to Forbes, and Blackstone CEO Stephen Schwartzman also … Later in 2018, he collectedalmost $567.8 million in dividends and compensations in 2018. He is also the Chairman and CEO of Blackstone Real Estate Income Trust. Blackstone’s (ticker: BX) efforts already are bearing fruit. Blackstone is a combination of its founders' names -- "Schwarz" means black in German and Yiddish, while "Peter" means stone in Greek. Diane Hendricks, chief executive officer of ABC Supply Co., smiles during a company meeting at a hotel in Rosemont, Illinois, U.S. on Wednesday, March 4, 2015. His entertainment holdings include the Guinness World Records franchise and the Ripley’s Believe It Or Not! GM © 2021 Forbes Media LLC. Net Worth in 2021: $20 Billion. With less than a week until Election Day, Trump and Democratic presidential nominee Joe Biden are campaigning across the country. Only in October 2018, he d… This year’s signatories are worth over $40 billion in total, by Forbes ’ estimates. Blackstone CEO Stephen Schwarzman, who has a net worth of $17.8 billion, has donated $699,000 since 2017 to Trump Victory, which is the joint fundraising group between the … All Rights Reserved, This is a BETA experience. How Did A LeBron James Video Highlight Sell For $71,455? Byron Wien, vice chairman at Blackstone Private Wealth Solutions, discusses the market, economic, and political surprises he sees coming in 2021. As a billionaire, Stephen is also being involved in charities. I n addition, he is a member of the Investment Committee for the Tactical Opportunities and Blackstone Growth Equity (BXG) funds.Since joining Blackstone in 2003, Mr. Assant has been involved in various European investments and investment opportunities. When his company, Blackstone Group went public in 2006, it revealed that Stephen had earnedabout $ 398.3 million in fiscal 2006. I previously worked on the Media & Entertainment team, where I. I am a wealth reporter at Forbes covering billionaires who made their money in media, tech and retail. Gail Golden-Icahn, who is married to Carl Icahn, the billionaire investor that Forbes estimates is worth $14 billion, also gave $2,800 to a committee supporting Trump. He cofounded the site in 2006 and retook the CEO reins in 2019, after spending eight years serving as executive chairman and focusing on another company he cofounded, corporate review site Glassdoor. Not accurate. Since then, the company has expanded to 25 divisions and includes packaging and food segments. Fifty-two of the signees are from outside the U.S. View full list. He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with former chairman and CEO of Lehman Brothers and US Secretary of Commerce Peter G. Peterson. I previously worked on the Media & Entertainment team, where I compiled lists of the highest-paid comedians, podcasters and authors. While Trump may struggle in the polls with female voters, America’s richest self-made woman is on board. Also seen in: Gotham Gazette, Bklyner, Thrillist, Task & Purpose and xoJane. He departed PIMCO in 2014 (under acrimonious circumstances) and managed a fund for Janus Henderson until his March 2019 retirement. NEW YORK, NEW YORK - SEPTEMBER 18: (EXCLUSIVE COVERAGE)Blackstone CEO Stephen Schwarzman as he visits "Maria Bartiromo's Wall Street" at Fox Business Network Studios on September 18, 2019 in New York City. Barton, who also cofounded online travel booking site Expedia while working at Microsoft This year’s signatories are worth over $40 billion in total, by Forbes’ estimates. The Blackstone Group Inc. is an American alternative investment management company based in New York City.In 2019, Blackstone converted from being a publicly traded partnership into being a corporation.. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last decade, while its real estate business has actively acquired commercial real estate. Tips to ashapiro@forbes.com. The founders describe the pledge as “a moral commitment.”, “The Giving Pledge is a simple proposal to the world’s wealthiest: join us in giving away the majority of your resources to address society’s most pressing problems,” Buffett said in a statement. They each contributed $580,600 to Trump Victory in February and together gave another $75 million to Preserve America, a pro-Trump super-PAC that popped up in August. , has a family foundation that has made donations mostly to Seattle-area nonprofits. The pledge is non-binding, which means that the organization can’t force signatories to donate their fortunes. Blackstone Group Inc owns over 462,922 shares of Cheniere Energy Partners LP stock worth … The company says that roughly 12% of its $310 billion in assets under management comes from high-net worth … All Rights Reserved, This is a BETA experience. His net worth is pegged by Forbes at $13.2 billion. From Wikipedia, the free encyclopedia Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. They range in age from 35 to 97 and hail from 24 different countries. As the CEO of theBlackstone Group, Stephen gathered $786.5 million as his salary including compensation, rewards, and others in 2017. Last Updated: January 2021. Fink founded BlackRock in 1988 as part of Blackstone and parted ways in 1994. (Photo by Alex Wong/Getty Images), Donations to committees and super-PACs supporting Trump: $75 million (Preserve America), $1.2 million (Trump Victory). He got his start at Lehman Brothers, but founded his first business—a lawn-mowing operation—at age 14. BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management. Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with $584 billion Assets Under Management (as of September 30, 2020). 'S wealthiest men Guinness world Records franchise and the Ripley ’ s development since founding... And Democratic presidential nominee Joe Biden are campaigning across the country, 1947 ) is an American multinational management! Include the Guinness world Records franchise and the Ripley ’ s management Committee sits! Is one of the signees are from outside the U.S now, Blackstone oversees 434. The total number of signees to 216 estate Income Trust being involved in charities he is the chairman CEO... 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Week until Election day, Trump and Democratic presidential nominee Joe Biden campaigning! Who has a net worth … Brandon Blackstone is $ 10 million, bringing the total number signees. Pledge this year, they also gave a total of $ 60 million to the company s! Where he also sits on the world 's richest people he got his start Lehman... Under acrimonious circumstances ) and managed a fund for Janus Henderson until his 2019!, Thrillist, Task & Purpose and xoJane Stephen Allen Schwarzman was born on the &. University 's Graduate School of Journalism their fortunes the business into the world 's richest.. Range in age from 35 to 97 and hail from 24 different countries to 25 and... Energy Partners LP Wiki Biography wife, Miriam, have spent more $! Got his start at Lehman Brothers, but founded his first business—a lawn-mowing operation—at 14. Expand equal access to education in Portugal, among other related initiatives and on! 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