Stephen A. Schwarzman
Stephen A. Schwarzman
Stephen Allen Schwarzmanis an American business magnate and financier. He is the chairman and CEO of the Blackstone Group, a global private equity and financial advisory firm he established in 1985 with former US Secretary of Commerce Pete Peterson. His personal fortune is estimated at $12.9 billion, according to Forbes. As of 2015, Forbes ranked Schwarzman at 100th on its World's Billionaires List...
NationalityAmerican
ProfessionBusinessman
CountryUnited States of America
economy periods assets
I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.
senior people levels
I love picking people. I started Blackstone, and we had no people, and now we have with our portfolio companies about 750,000 people all over the world. Everybody who is at a senior level has ultimately been picked by me.