Here’s how much Blackstone’s heir apparent Jonathan Gray made last year

Pay gaps between top execs and the rest of the staff will be an item to watch as Gray takes over

New York Weekend Edition /
Mar.March 04, 2018 04:18 PM

Jonathan Gray. (Credit from back: Pixabay, University of Miami)

Jonathan Gray’s take-home compensation package was one of Blackstone’s biggest at $275 million, but Gray still pocketed far less than the group’s CEO Stephen Schwarzman.

As the leader of the group, which manages funds worth about $434 billion, Schwarzman’s compensation was about $800 million, according to The Financial Times.

Compensation is one of the key issues insiders are watching, the Times reports, now that Gray, the former head of the group’s real estate division, has been tapped to be the group’s president and COO, a step many see as affirmation that he will succeed Schwarzman. Staffers wonder whether huge differences between top executives’s pay and everyone else will persist under Gray.

For a point of comparison, Schwarzman’s long-time rival BlackRock’s Larry Fink was compensated $25 million in 2016 while that year the Blackstone CEO took home $425 million. [FT]Erin Hudson


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Triangle Equities' Lester Petracca with 533 Main Street (Triangle Equities, Getty)
Record East Orange project lands $317M financing
Record East Orange project lands $317M financing
From left: Trinity Place Holdings’ Matthew Messinger and Macquarie Group’s Shemara Wikramanayake along with 77 Greenwich Street (Getty, Trinity Place Holdings, Macquarie Group, Google Maps)
Trinity Place gets extension to finish pandemic-slowed 77 Greenwich
Trinity Place gets extension to finish pandemic-slowed 77 Greenwich
Estate Partners' David Aviram, FIA Capital Partners' David Goldwasser and Steve Croman (LinkedIn, Google Maps, Getty)
Steve Croman: I was duped by predatory lender
Steve Croman: I was duped by predatory lender
Blackstone's Jon Gray (Blackstone, Getty)
Blackstone limits REIT withdrawals
Blackstone limits REIT withdrawals
Blackstone's Stephen Schwarzman with MGM Grand Las Vegas and Mandalay Bay in Las Vegas (Getty)
Blackstone sells MGM Grand, Mandalay Bay stakes
Blackstone sells MGM Grand, Mandalay Bay stakes
Ivanhoé’s Nathalie Palladitcheff, Cohabs’ Youri Dauber and James Grasso with Cohabs NYC co-living spaces (Cohabs, LinkedIn, Twitter/@ydauber, Ivanhoe Cambridge)
Co-living firm Cohabs raises $450M to continue expansion
Co-living firm Cohabs raises $450M to continue expansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...