Corrects headline to clarify that $1 billion includes pay and dividends
Feb 28 (Reuters) - Alternative asset manager Blackstone's BX.N CEO Steve Schwarzman collected over $1 billion in pay and dividends last year, Bloomberg News reported on Friday.
The company paid $84 million to Schwarzman for 2024, including a base salary of $350,000, it said in a regulatory filing. He earned $916 million in dividends, according to the Bloomberg News report.
A key figure in private equity, Schwarzman has helped turn Blackstone into a financial heavyweight with over $1.1 trillion in assets under management.
Last month, the asset manager beat estimates for fourth-quarter profit, driven by a pickup in dealmaking. Distributable earnings, which represent cash used to pay dividends to shareholders, surged 56% to $2.2 billion or $1.69 per share.
(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)
((Niket.Nishant@thomsonreuters.com))
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