Still probably won more than 99% of professionals in the financial markets will earn in their lifetime.
Steve Schwarzman is private equity executive and co-founder of the Blackstone Group. This year earned 378 million dollars in dividends from his own shares. Including the salary gains from transactions and other compensations, Schwarzman took a total of 425 million dollars, which is 309 million less than last year's profit of 734.2 million dollars.
Executives of private equity are among the wealthiest financiers, as the majority of their income is in dividends from their ownership in companies. The founders of the largest management companies of private equity firms as Blackstone, Apollo Global Management LLC, Carlyle Group LP, KKR & Co., Oaktree Capital Group LLC, Fortress Investment Group LLC, Ares Management LP and TPG, are billionaires, according to the Bloomberg Billionaires Index.
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