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Stephen Schwarzman
  • Net Worth : $38 Billion
    0.00%
    Real Time Net Worth as of 2024/06/20
  • Wealth Source : Investments
  • Industry : Finance & Investments
  • Date of Birth : 1947/02/13
  • Age : 77
  • Gender : Male
  • Citizenship : United States
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Stephen Schwarzman
  • Net Worth : $38 Billion
    0.00%
  • Wealth Source : Investments
  • Industry : Finance & Investments
  • Date of Birth : 1947/02/13
  • Age : 77
  • Gender : Male
  • Citizenship : United States
People in Finance & Investments

Stephen Schwarzman Net Worth 2024

Year Net Worth

Like other wealthy men, Stephen Schwarzman’s net worth fluctuates constantly due to changes in asset value, investments, and other factors.

Recent statistics suggest Stephen Schwarzman’s net worth is $32 billion. Together with Peter Peterson, he founded the Blackstone Group in 1985.

Blackstone is one of the largest investment firms in the world, and Stephen has collected over 7 billion dollars from dividends and stock sales to date. This has been the primary source of his wealth over the years.

If you’re looking for one of the most prosperous people in business, then Stephen is the perfect example. His investment in several successful companies earned him a spot among the top 50 wealthiest billionaires in the world.

Who is Stephen Schwarzman?

Stephen Schwarzman was born in Philadelphia, Pennsylvania, on February 14, 1947. His parents were Arline and Joseph Schwarzman.

He graduated from high school in 1965 and attended the University of Yale, where he obtained his first degree in 1969. He proceeded to Harvard Business School and graduated in 1972. Here are other details about his life:

  • He ventured into business at 14, employing his brothers as mowers while he sourced for clients. 
  • He founded the Blackstone group along with Peter Peterson in 1985, where he works as the CEO.
  • He is married to Christine Mularchuk Hearst and has two children, Teddy and Zibby Schwarzman, with his ex-wife, Ellen Philips.
stephen schwarzman net worth - comparewise

What is Stephen Schwarzman’s net worth?

When calculating net worth, the liabilities and assets are calculated separately. Then, the liability is subtracted from the Assets. Mathematically, Net Worth = Assets – Liabilities.

We must be informed about our net worth because it helps in the following areas.

  • Financial Awareness: Knowing your net worth enables you to understand your assets and liabilities and make informed financial decisions.
  • Planning: net worth enables individuals and businesses to make plans relating to savings, expenditures, and investments to improve their status in the long run.
  • Goal Setting: Knowing your net worth enables you to establish targets, set goals, and manage your finances more efficiently.

Stephen Schwarzman’s net worth is $32 billion as of October 2023. If you want to calculate your net worth, you can easily do so by using our net worth calculator.

Conclusion

We’ve covered Stephen Schwarzman’s net worth, business, and family life. Aside from the fact that he’s a businessman, Stephen Schwarzman is a philanthropist and a Republican.

He wrote a book titled “What It Takes: Lessons in the Pursuit of Excellence,” in which he shared lessons and advice for achieving success in various aspects of life.

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FAQs about Stephen Schwarzman's Net Worth

What does Blackstone do?

Blackstone is a global investment company investing capital for individuals, insurance companies, pensioners, institutions, and private and public sectors.

How many companies does Blackstone own?

Blackstone has numerous investments in companies across different industries. With over 200 companies and about half a million employees worldwide, some notable investments by Blackstone include Rivinitiv, Bumble, Hilton Worldwide, and Vivint Smart Home.

How many children does Stephen Schwarzman have?

Stephen Schwarzman has two children, Teddy and Zibby Schwarzman, from his ex-wife, Ellen Philips.

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January 3, 2024
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