Stephen Schwarzman, with his wife Christine in 2018, has a net worth of $23 billionThe boss of the world’s largest private equity firm took home at least $610.5 million last year. Stephen Schwarzman, the billionaire co-founder of Blackstone Group, received more than any other private equity executive in dividends and compensation in 2020, according to regulatory filings. Jonathan Gray, his right-hand man and the firm’s president, received at least $216.1 million. SponsoredMost of Schwarzman’s payout was generated by his 19 per cent stake in Blackstone, which produced $524.1 million in dividends. Blackstone was set up almost four decades ago by Schwarzman, 74, and Peter Peterson, a former US commerce secretary and chief executive and chairman of Lehman Brothers, who died in 2018.

Source: The Times March 03, 2021 00:04 UTC