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Blackstone (NYSE: BX) CEO Steve Schwarzman earned more than $1 billion in 2024, according to Bloomberg News. His compensation included an $84 million payout, with a base salary of $350,000, and $916 million in dividends, as detailed in a regulatory filing.
Schwarzman, a key figure in private equity, has played a pivotal role in transforming Blackstone into a global financial powerhouse, now managing over $1.1 trillion in assets.
The alternative asset manager recently exceeded Wall Street expectations with its fourth-quarter earnings, benefiting from a resurgence in dealmaking. Blackstone’s distributable earnings, used for shareholder dividends, soared 56% to $2.2 billion, or $1.69 per share.
With its strong financial performance, Blackstone continues to solidify its position as a dominant player in the private equity sector.
