Dividends amount to 916 million as the manager owns 20% of Blackstone, the world’s largest alternative manager
Steve A. Schwarzman
In 2024, Steve Schwarzman, the ceo and founder of giant NYSE-listed alternative asset manager Blackstone, received more than one billion US Dollars in salary (0.35 million), carried interest (83.7 milion) and dividends (916 million), Bloomberg reported.
Schwarzman owns little below than 20% of Blackstone, the world’s largest alternative manager that has a market capitalization in the regio of 183 billion. Bloomberg Billionaires Index says that the 78 years old ceo’s personal wealth amounts to 51.3 billion.
Blackstone paid its 55 years old president & chief operating officer Jon Gray a total of 247 million (169.7 million dividends and 44 million in carried interest).
Donald Trump‘s administration is reportedly mulling to end the special status of carried interests that in USA generally pay a lower tax rate than wages. The impact of such an eventual change on Schwarzman’s income and wealth would be weaker than for those of managers with operational roles such as Gray that could end up paying more taxes (see here a previous post by BeBeez).
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