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
levels income wealth
My personal taxes are 53% of my taxable income. That's 36% on the federal level and 17% for state and local.
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.