The Real Deal New York

Editor’s note: The $800 million man

By Stuart Elliott | May 02, 2016 03:15PM


Stuart Elliott

From the May issue: Talk about an embarrassment of riches.

Blackstone Group CEO Stephen Schwarzman raked in nearly $800 million last year —from his salary and his massive ownership stake in the private equity giant.

That’s more than the GDP of some small countries. But perhaps it’s not surprising given that Blackstone just recently passed the $100 billion mark in real estate assets under management and has been the largest acquirer of Manhattan real estate over the past five years. [more]