|Celebrated Name:||Stephen Schwarzman|
|Real Name/Full Name:||Stephen Allen Schwarzman|
|Age:||73 years old|
|Birth Date:||14 February 1947|
|Birth Place:||Philadelphia, Pennsylvania, United States|
|Wife/Spouse (Name):||Christine Hearst Schwarzman (m. 1995), Ellen Philips (m. 1971–1990)|
|Children/Kids (Son and Daughter):||Yes (3 and one stepchild)|
|Is Stephen Schwarzman Gay?:||No|
|Profession:||CEO of Blackstone Group|
|Net Worth in 2020:||$20 Billion|
|Last Updated:||August 2020|
Stephen Allen Schwarzman is undoubtedly among the few richest billionaire in the world, and he is a multi-billionaire who is the CEO of The Blackstone Group. The Blackstone Group is a private equity firm that operates globally; it was formed in 1985 with Peter Peterson, a former CEO and chairman of Lehman Brothers and US Secretary of Commerce.
In 2019, Schwarzman was ranked by Forbes at 100th on its World Billionaires List. Schwarzman’s net worth is estimated at a whopping $18.8 billion as per the present. Schwarzman also served as the Chairman of President Donald Trump’s Strategic and Policy Forum though it was short-lived.
Maybe you know about Stephen Schwarzman very well, but do you know how old and tall is he and what is his net worth in 2020? If you do not know, we have prepared this article about details of Stephen Schwarzman ’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
Early Life & Biography
Stephen Allen Schwarzman was born to Arline and Joseph Schwarzman on 14 February 1947 in Huntingdon Valley, Philadelphia. His father, Joseph Schwarzman, was the owner of “Schwarzman’s,” a former store that dealt with dry-goods.
Stephen was business-oriented even at a very young age his entrepreneurial skills were recognizable, his very first business was a lawn mowing operation where he employed his younger twin brothers to Mow while he sourced for clients, at this time he was just 14 years old.
He went to Abington School District and graduated from Abington Senior High School in the year 1965. He later joined Yale University and graduated in 1969, after which he joined the U.S Army Reserve and served briefly. He then attended Harvard Business School and graduated from there in 1972.
Schwarzman first wife is Ellen Philips, and they got married in 1971, she was a trustee of Northern, western University and also the Mount Sinai Medical Center. The couple divorced in 1990. The marriage was blessed with three children, one of them is film producer Teddy Schwarzman.
His second wife is Christine Hearst whom he married in 1995, professionally she is an intellectual property lawyer and has one child from a previous marriage.
Stephen resides in a duplex apartment at 740 Park Avenue, and the apartment was previously owned by John D. Rockefeller.
Age, Height, and Weight
Being born on 14 February 1947, Stephen Schwarzman is 73 years old as of today’s date 8th August 2020. His height is 1.72m tall, and his weight is 79kg.
Stephen’s career in the Financial Service started at Donaldson, Lufkin & Jenrette, and it was an investment bank that later merged with Credit Suisse in 2000. After graduating from Business School, he worked at an investment bank Lehman Brothers. He became the managing director at the age of 31 and then was later promoted to head of global mergers and acquisitions.
The year 1985 saw the birth of The Blackstone Group, it was started by Stephen Schwarzman and his boss Peter Peterson. Initially, the company focused on Mergers and Acquisitions, it diversified and branched into direct lending, Alternative Assets, and Real Estate, as per the present it has $500 billion in assets under management.
Blackstone went public in June 2007, in a security filing it was revealed that Schwarzman had earned $398.3 million in fiscal in the year 2006. He received $684 million as the Blackstone stake, which he sold in the IPO and kept a stake of $9.1 billion. He became a member of the International Advisory Board of the Russian Direct Investment Fund in September 2011.
Stephen Schwarzman is a Republican and a long-time friend of President Donald Trump, and he served as a chair of Trump’s Strategic and Policy Forum Shortly though still provides outside Counsel to him.
Awards & Achievement
Stephen Schwarzman has received a lot of awards and honors through is career. Here are some of them:
- In 1999, he was awarded the American Academy of Achievement Golden Plate Award.
- He was awarded the Order of the Aztec Eagle in December 2018, and this is the highest Mexico Honor of Foreigners, he was awarded by President Enrique Pena Nieto.
- Schwarzman is also a published author. His book “What It Takes: Lessons in the Pursuit of Excellence” became a New York Seller.
Net Worth & Salary of Stephen Schwarzman in 2020
As of August 2020, Stephen Schwarzman’s net worth is estimated at $20 billion. He has amerced this net worth from his company, The Blackstone Group. He earns an annual salary of approximately $60 million. Although he had worked for other companies before like he was the Managing Director at Lehman Brothers, “The Blackstone Group” is the largest contributor to his wealth. Stephen is also a published author of a book that was a best New York Seller.
Stephen Schwarzman is one of the most successful businessmen. He showcased his entrepreneurial skills at a very young age when he owned a lawn mowing business and sourced for clients while his young twin brothers mowed the lawns. This shows that he was just destined for greatness from a very young age. His net worth will most definitely grow in the future because he is one of the owners of the high-end business. The sky is the limit for him.