INSUBCONTINENT EXCLUSIVE:
NEW YORK: Blackstone Group LP Chief Executive Stephen Schwarzman pocketed at least $567.8 million in 2018 dividends and compensation, making
Schwarzman, 72, took home in 2017
His net worth is pegged by Forbes at $13.2 billion.
The private equity veteran received $69.1 million in compensation from Blackstone in
2018, largely due to investment gains.
Blackstone no longer discloses the dividend payment to the class of stock Schwarzman owns, but based
on the $2.15 per common unit payout, he received almost $500 million in dividends
his successor as CEO.
In 2018, Gray received total compensation of $87.8 million
His bonus was $10 million, down from $25.8 million a year earlier
This is due to Gray opting to receive $30 million in stock which will vest over the course of 5-and-a-half years.
Schwarzman earned much
more than other co-founders of private equity firms
earnings from dividend payments.
KKR Co LP co-founders Henry Kravis and George Roberts received $99.5 million and $103.9 million,
This was more evenly distributed between compensation and dividends.
