New York | Blackstone chief executive Steve Schwarzman collected just over $US1 billion ($1.6 billion) in pay and dividends in 2024, putting the spotlight on the billionaire’s wealth just as Washington takes aim at how private equity profits are taxed.
Most of Schwarzman’s annual windfall came in dividends, not fund profits. He is the single largest holder of Blackstone stock with a stake of almost 20 per cent in the world’s largest alternative asset manager worth roughly $US37 billion, according to an annual filing on Friday.
