Blackstone's Schwarzman Had Another $1 Billion Year -- WSJ

Dow Jones

Mar 01, 2025

By Miriam Gottfried

It's good to be Steve. Blackstone CEO Steve Schwarzman took home just over $1 billion in compensation and dividends in 2024, according to the firm's annual financial filing.

As in prior years, the bulk of that, some $916 million, came from dividends on Schwarzman's roughly 20% stake in Blackstone.

The private-equity titan, whose net worth Forbes pegs at $48.2 billion, also received $84 million from Blackstone. Virtually all of that was carried interest tied to the performance of Blackstone's investments.

Schwarzman is paid a $350,000 salary.

Blackstone pays out all of its distributable earnings to shareholders. Those were up 18% in 2024, helping Schwarzman's haul come in 11.5% higher than in 2023. His total earnings still fell short of the record $1.2 billion he got in 2022.

Blackstone's stock posted strong performance in 2024, returning 35% including dividends, compared with a 25% total return for the S&P 500. The firm's market capitalization of $197 billion now ranks it among the 50 biggest U.S. companies by that metric.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 28, 2025 17:09 ET (22:09 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Blackstone CEO Steve Schwarzman took home just over $1 billion in compensation and dividends in 2024, according to the firm's annual financial filing. \n</p>\n<p>\n     As in prior years, the bulk of that, some $916 million, came from dividends on Schwarzman's roughly 20% stake in Blackstone. \n</p>\n<p>\n     The private-equity titan, whose net worth Forbes pegs at $48.2 billion, also received $84 million from Blackstone. Virtually all of that was carried interest tied to the performance of Blackstone's investments. \n</p>\n<p>\n     Schwarzman is paid a $350,000 salary. \n</p>\n<p>\n     Blackstone pays out all of its distributable earnings to shareholders. Those were up 18% in 2024, helping Schwarzman's haul come in 11.5% higher than in 2023. His total earnings still fell short of the record $1.2 billion he got in 2022. \n</p>\n<p>\n     Blackstone's stock posted strong performance in 2024, returning 35% including dividends, compared with a 25% total return for the S&amp;P 500. 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Blackstone CEO Steve Schwarzman took home just over $1 billion in compensation and dividends in 2024, according to the firm's annual financial filing. \n</p>\n<p>\n     As in prior years, the bulk of that, some $916 million, came from dividends on Schwarzman's roughly 20% stake in Blackstone. \n</p>\n<p>\n     The private-equity titan, whose net worth Forbes pegs at $48.2 billion, also received $84 million from Blackstone. Virtually all of that was carried interest tied to the performance of Blackstone's investments. \n</p>\n<p>\n     Schwarzman is paid a $350,000 salary. \n</p>\n<p>\n     Blackstone pays out all of its distributable earnings to shareholders. Those were up 18% in 2024, helping Schwarzman's haul come in 11.5% higher than in 2023. His total earnings still fell short of the record $1.2 billion he got in 2022. \n</p>\n<p>\n     Blackstone's stock posted strong performance in 2024, returning 35% including dividends, compared with a 25% total return for the S&amp;P 500. The firm's market capitalization of $197 billion now ranks it among the 50 biggest U.S. companies by that metric. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 17:09 ET (22:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516130054","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516130054","pubTimestamp":1740780540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"It's good to be Steve. 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Blackstone CEO Steve Schwarzman took home just over $1 billion in compensation and dividends in 2024, according to the firm's annual financial filing. \n\n\n     As in prior years, the bulk of that, some $916 million, came from dividends on Schwarzman's roughly 20% stake in Blackstone. \n\n\n     The private-equity titan, whose net worth Forbes pegs at $48.2 billion, also received $84 million from Blackstone. Virtually all of that was carried interest tied to the performance of Blackstone's investments. \n\n\n     Schwarzman is paid a $350,000 salary. \n\n\n     Blackstone pays out all of its distributable earnings to shareholders. Those were up 18% in 2024, helping Schwarzman's haul come in 11.5% higher than in 2023. His total earnings still fell short of the record $1.2 billion he got in 2022. \n\n\n     Blackstone's stock posted strong performance in 2024, returning 35% including dividends, compared with a 25% total return for the S&P 500. The firm's market capitalization of $197 billion now ranks it among the 50 biggest U.S. companies by that metric. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  February 28, 2025 17:09 ET (22:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}