Blackstone's Schwarzman Takes Home More than $1 Billion Again
The billionaire CEO Steve Schwarzman's annual pay package exceeded $1 billion for the third consecutive year, highlighting his immense wealth tied to Blackstone's success. Most of his windfall came from dividends rather than fund profits, underscoring his influence on the firm's performance and value. The unusually high compensation package comes as President Donald Trump seeks to reform the tax treatment of carried interest.
- Schwarzman's outsized rewards underscore the deeply personal nature of his relationship with Blackstone, a legacy he has shaped through decades of leadership.
- As Trump's administration seeks to limit the special tax status for carried interest, will Schwarzman be willing to trade off a portion of his windfall in order to maintain the firm's independence and growth trajectory?