Blackstone chief Stephen Schwarzman’s income eclipsed $1bn last year

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Stephen Schwarzmann, CEO of Blackstone, got more than one billion dollars in 2024, where Titan for private shares witnessed his increase in an increase in the recovery in investment activity in the largest alternative investment group in the world, according to the company’s annual report late Friday.

SwarzmannHis income represents a 9 percent increase from the previous year, and fully nourishes it by increasing profit payments from the massive Blackstone contribution. The co -founder of Blackstone 19 percent of the New York -based investment group has received for years hundreds of millions of dollars annually as paid profits from its profits.

Blackstone The profit payments of the shareholders increased by about 18 percent in 2024 with the so -called distributionable profits, and the two analysts prefer as an alternative to cash flows, according to a similar measure. Blackstone historically pays at least 85 percent of these profits for all its shareholders, which include Schwarzmann and many other senior executives, such as President Jonathan Gray.

In general, Schwarzman received $ 916 million of $ 84 million profits and compensation, with the largest part of this “reserved” performance fee that Blackstone earns when it sells profitable investments. In 2023, he received about 900 million dollars, and declined for the previous two years when he received $ 1.1 billion and $ 1.3 billion, respectively.

Gray received $ 247 million, with about 69 percent of profit income on his shares. Financial Director Michael Chay and Joseph Porata, President of Blackson for Private shares, received $ 48.9 million and 60.1 million dollars, respectively.

Blackstone CEOs can get a large income in good years because the group traditionally pays almost all its profits for shareholders in profits. Competenceds such as KKR and Apollo Global have more stable profit distribution policies and keep some profits to finance future expansion.

In 2024, BlackStone sold more than $ 87 billion of assets, an increase of 33 percent over the previous year, prompting the exact revenues that were paid to shareholders. Its financial resources were also strengthened by recovery in financial markets, which helped BlackStone to raise $ 171 billion in the new investor CASH and invest $ 134 billion. Both numbers were near record quantities of the group.

A BlackStone spokesman has a performance -based compensation form, which is designed on long -term compatibility with our investors. ”

Wealth has risen inside Blackstone in recent years, and is fueled by its high evaluation after it was included in the famous S&P 500 index in 2023.

He saw Blackstone’s best leaders Their shares rise by $ 13.5 billion In 2024, its market value increased by 50 percent to approximately 214 billion dollars, before declining a little this year.

The Share Risplge has created $ 1 billion shares of shares for a moderate group of executives outside Swarzmann and Gray, who hold shares of $ 37 billion and $ 7 billion, respectively. Chay and Borata only witnessed their shares exceeding one billion dollars. All of them are currently holding $ 1.1 billion, according to the files of securities.