Blackstone’s Schwarzman Reaped Near-Record $1.24 Billion in 2025

Blackstone Inc. Chief Executive Officer Steve Schwarzman took home $1.24 billion last year, just shy of his record $1.27 billion in 2022.

He collected $1.1 billion in dividends alone from his roughly 20% stake in the world’s biggest alternative asset manager, according to an annual filing Friday. He earned an additional $125.6 million, mostly through incentive fees and the share of fund profits known as carried interest.

Schwarzman’s earnings from the firm he co-founded about four decades ago have made him one of the world’s richest people, with a net worth of about $44.2 billion, according to the Bloomberg Billionaires ...