Blackstone CEO Schwarzman Collected $896.7 Million Last Year

Blackstone Inc. Chief Executive Officer Steve Schwarzman took home $896.7 million last year, a 30% drop from a year earlier, yet still one of the biggest annual payouts on record in high finance.

Schwarzman, 77, collected $777 million in dividends alone from his roughly 20% stake in the alternative-asset manager, according to a regulatory filing Friday. He earned an additional $120 million mostly through incentive fees and the share of fund profits known as carried interest. His compensation in 2022 was a record$1.27 billion.

Blackstone slowed its pace of cashing out of investments last year, as would-be buyers ...