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PROFILE
Stephen Schwarzman
$40.4B
$432M (1.06%)
Real Time Net Worth
as of 10/7/26
Reflects change since 5 pm ET of prior trading day.
David 'Dee' Delgado/Bloomberg
From the Editor
Last Updated Sep 15, 2026, 6:30am EDT
- The son of a dry goods store owner, Stephen Schwarzman founded private equity firm Blackstone with fellow billionaire Peter Peterson in 1985.
- Initially a boutique merger-and-acquisition advisory business, Blackstone has grown into the world's largest alternative asset manager, with more than $1 trillion in assets under management.
- While Peter Peterson (d. 2018) retired shortly after Blackstone's 2007 IPO, Schwarzman still presides over the business as chairman and CEO.
- Schwarzman got his start on Wall Street at Lehman Brothers; he wrote in his 2019 memoir about mistakes by management at that firm.
- He started his first business, a lawn-mowing operation, at age 14, employing his younger twin brothers to mow while he brought in the clients.
Wealth History
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Forbes Lists
list appearances
37
Personal Stats
- Age
- 79
- Source of Wealth
- Investments, Self Made
- Residence
- New York, New York
- Citizenship
- United States
- Marital Status
- Married
- Children
- 3
- Education
- Bachelor of Arts/Science, Yale University; Master of Business Administration, Harvard Business School
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Another Billionaire Megadonor Defects From Trump After 2024 Launch—As Party Heavyweights Stray From Former President
Blackstone’s Stephen Schwarzman is at least the second billionaire GOP megadonor to cut ties with Trump in recent weeks.
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Another Billionaire Megadonor Defects From Trump After 2024 Launch—As Party Heavyweights Stray From Former President
Blackstone CEO Stephen Schwarzman will not support former President Donald Trump in the 2024 GOP presidential primary, Schwarzman told Axios.
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As Profits Rise, Private Equity Billionaires Have Huge Paydays
Blackstone’s Stephen Schwarzman raked in more than $1 billion in 2021, while KKR’s new co-CEOs both earned large nine-figure sums.
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These Billionaires Just Contributed $1.3 Million To Help Republicans Take Control Of The House In 2022
Among the donors: Blackstone cofounder Stephen Schwarzman and Omni Hotels owner Robert Rowling.
Feb 19, 2021
Here Are The Billionaires Who Donated To Donald Trump’s 2020 Presidential Campaign
Stephen Schwarzman, Diane Hendricks, Steve Wynn: About 14% of America’s billionaires donated to Donald Trump’s reelection campaign, according to an analysis of records filed with the Federal Election Commission.
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Mar 24, 2020
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Mar 5, 2020
Blackstone Now More Valuable Than Goldman Sachs And Morgan Stanley Amid The Coronavirus Chaos
Blackstone Group, co-founded by billionaire Stephen Schwarzman, overtook Goldman Sachs in market value, capping an epic regime change on Wall Street.
Jan 6, 2020
Blackstone’s Stephen Schwarzman Highlights What It Takes To Succeed At The Highest Levels Of Business
Stephen Schwarzman highlights several of the pivotal moments on his path to founding Blackstone.
Jun 20, 2019
Does The Most Interesting Teacher Pay Proposal Belong To A Billionaire Friend Of Trump?
Stephen Schwarzman might have an idea. Teachers are central to education, he says, so "we should make teachers pay no tax."
Jun 19, 2019
Why Universities And Billionaires Are Uniting To Keep AI In Check
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Billionaire Stephen Schwarzman Gifts $188 Million To Oxford University
U.S. billionaire Stephen Schwarzman has gifted $188.75 million to the University of Oxford marking the largest single donation to the British university “since the Renaissance.”
Dec 5, 2018
The Billionaire Perelmans Give Princeton $65m -- And It Doesn't Even Seem Like That Much Anymore
As billionaire donations to institutions of higher learning go, the $69 million pledge today from Ronald Perelman and his daughter Debra, pales in comparison to Michael Bloomberg’s November gift of $1.8 billion to Johns Hopkins and Stephen Schwarzman $350 million to MIT.
Sep 19, 2017
Stephen Schwarzman
To celebrate the 100th anniversary of Forbes we interviewed the 100 greatest living business minds, including Stephen Schwarzman, chairman, CEO, and cofounder of Blackstone Group.
Sep 19, 2017
Stephen Schwarzman: What I Learned From Stopping A Financial Crisis
To celebrate the 100th anniversary of Forbes we interviewed the 100 greatest living business minds, including Stephen Schwarzman, chairman, CEO, and cofounder of Blackstone Group.
Photography by Martin Schoeller
