Published by Global Banking & Finance Review®
Posted on March 1, 2025
1 min readLast updated: January 25, 2026
Blackstone CEO Steve Schwarzman earned over $1 billion in 2024, combining pay and dividends, as Blackstone's assets exceed $1.1 trillion.
(Corrects headline to clarify that $1 billion includes pay and dividends)
(Reuters) -Alternative asset manager Blackstone's CEO Steve Schwarzman collected over $1 billion in pay and dividends last year, Bloomberg News reported on Friday.
The company paid $84 million to Schwarzman for 2024, including a base salary of $350,000, it said in a regulatory filing. He earned $916 million in dividends, according to the Bloomberg News report.
A key figure in private equity, Schwarzman has helped turn Blackstone into a financial heavyweight with over $1.1 trillion in assets under management.
Last month, the asset manager beat estimates for fourth-quarter profit, driven by a pickup in dealmaking. Distributable earnings, which represent cash used to pay dividends to shareholders, surged 56% to $2.2 billion or $1.69 per share.
(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)
Steve Schwarzman earned over $1 billion in pay and dividends in 2024, according to Bloomberg News.
Schwarzman's base salary for 2024 was $350,000, with total earnings including dividends reaching $1 billion.
Distributable earnings represent cash used to pay dividends to shareholders and surged 56% for Blackstone last month.
Blackstone has over $1.1 trillion in assets under management, making it a significant player in private equity.
Blackstone's fourth-quarter profit was driven by a pickup in dealmaking, exceeding estimates.
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