© 2021 Forbes Media LLC. Since then, the digital trading guru has mostly laid low, giving directly to congressional and senatorial campaigns. “You're the one that takes all the money from Wall Street,” Trump said in response. As the CEO of theBlackstone Group, Stephen gathered $786.5 million as his salary including compensation, rewards, and others in 2017. The bond king helped launch investment management firm PIMCO in 1971 and grow the business into the world’s largest fixed-income investment firm. Mr. James previously served as the firm’s President and Chief Operating Officer. Gross required PIMCO’s managing directors to give 1% of their annual compensation to the company’s charitable foundation. Trump shot back with his own accusation. He has been involved […] In 1988, Laurence worked a deal with the Blackstone Group to co-found BlackRock. He transitioned to an advisory role after five years, before departing in 2015. Trump’s richest donor is casino mogul Sheldon Adelson, who has a net worth of more than $31 billion. The Giving Pledge was started a decade ago by Buffett and Bill and Melinda Gates with 40 initial signees, some of whom, like Michael Bloomberg and Eli Broad, had already begun to actively give to charitable causes. His net worth is pegged by Forbes at $13.2 billion. (Photo by Alex Wong/Getty Images), Donations to committees and super-PACs supporting Trump: $75 million (Preserve America), $1.2 million (Trump Victory). Kelly’s net worth is $45 million as she is a successful singer and actress. Photographer: Tony Avelar/Bloomberg *** Local Caption ***, Donations to committees and super-PACs supporting Trump: $1.2 million (Trump Victory). Duffield is not normally a big political giver, but in August he and his wife Cheryl contributed a combined $1.2 million to Trump Victory. He cofounded Blackstone in 1985, helping grow it from a boutique mergers-and-acquisitions advisory business into the world’s largest buyout firm, with some $538 billion in assets. Republican megadonors, Adelson and his wife, Miriam, have spent more than $180 million on federal races this election cycle. “I don't take it.”. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Thomas Peterffy, Donations to committees and super-PACs supporting Trump: $250,000 (Trump Victory). chain. NEW YORK, NEW YORK - SEPTEMBER 18: (EXCLUSIVE COVERAGE)Blackstone CEO Stephen Schwarzman as he visits "Maria Bartiromo's Wall Street" at Fox Business Network Studios on September 18, 2019 in New York City. I n addition, he is a member of the Investment Committee for the Tactical Opportunities and Blackstone Growth Equity (BXG) funds.Since joining Blackstone in 2003, Mr. Assant has been involved in various European investments and investment opportunities. Now, Blackstone billionaire CEO Stephen Schwarzman has become one of the GOP’s largest donors, as one study shows his net worth has increased by 27 percent during the coronavirus pandemic. Two of Trump’s five richest donors run financial firms. Blackstone is a combination of its founders' names -- "Schwarz" means black in German and Yiddish, while "Peter" means stone in Greek. Here’s some background on the new billionaire signatories: Schwarzman has already given away more than $600 million to philanthropic, cultural and arts organizations and pledged to donate even more. He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with former chairman and CEO of Lehman Brothers and US Secretary of Commerce Peter G. Peterson. © 2021 Forbes Media LLC. Shares of the company, which sells clothing, shoes and accessories from designers like Balenciaga and Prada,, have more than doubled since going public on the New York Stock Exchange in September 2018. Rothschild donated $20 million to alma mater Vanderbilt University in 2016, where he also sits on the board of trustees. In 1994 BlackRock made a split from Blackstone and as the company grew and became more independent, he held onto … Senators Jack Reed of Rhode Island and Carl Levin of Michigan, both Democrats, called the joint subcommittee hearing to examine steps the regulators have taken in leading the U.S. response to the May 6 plunge that briefly erased $862 billion of stock value in less than 20 minutes before markets recovered. This year, they also gave a total of $60 million to the Senate Leadership Fund, which supports Republican Senate candidates. The net worth estimate of Brandon Blackstone is $10 million. Gail Golden-Icahn, who is married to Carl Icahn, the billionaire investor that Forbes estimates is worth $14 billion, also gave $2,800 to a committee supporting Trump. 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. You may opt-out by, Biden Receives More Than Twice As Much Money From Billionaires As Trump In Final Push, America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, gave another $75 million to Preserve America, in August he and his wife Cheryl contributed. He got his start at Lehman Brothers, but founded his first business—a lawn-mowing operation—at age 14. Hendricks ramped up her spending in the last few months ahead of the election, spending $5 million between August and September on pro-Trump super-PACs. Profession: CEO of Blackstone Group. (Photo by Roy Rochlin/Getty Images), Donations to committees and super-PACs supporting Trump: $699,400 (Trump Victory); $3 million (America First Action). Blackstone CEO Stephen Schwarzman, who has a net worth of $17.8 billion, has donated $699,000 since 2017 to Trump Victory, which is the joint fundraising group between the Republican National Committee and the Trump campaign, and another $3 million to America First, a pro-Trump super-PAC, in January. Hamilton (“Tony”) E. James is Executive Vice Chairman of Blackstone, and a member of Blackstone’s board of directors. Rothschild joined Facebook in 2005 as vice president of infrastructure engineering at the age of 50, making him the oldest executive at the time. Federal political donations are rare for Duffield, who is better known for his philanthropy — he cofounded and gave $345 million to Maddie’s Fund, an animal welfare charity named after his late miniature schnauzer. Blackstone CEO Stephen Schwarzman has poured more than $25 million into political causes this year. (Photo by Isaac Brekken/Getty Images). Last Updated: January 2021. Chief among them: Blackstone “I want to make a sustainable difference,” Richison recently told Forbes. In addition to the $75 million they dropped on pro-Trump super-PAC Preserve America in August and September, the couple doled out $2,800 sums (the legal contribution limit) to more than two dozen candidates including Sen. Thom Tillis of North Carolina, Rep. Lee Zeldin of New York and Senate Majority Leader Mitch McConnell. Despite their fortune falling several billion dollars after Covid-19 temporarily shut down Adelson’s casinos, the megadonor couple has been spending heavily on the election. The Blackstone Group Inc. is an American alternative investment management company based in New York City.In 2019, Blackstone converted from being a publicly traded partnership into being a corporation.. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last decade, while its real estate business has actively acquired commercial real estate. Here are the top five richest donors to Donald Trump and their political contributions to federal races based on publicly available Federal Election Commission data as of October 14, 2020: WASHINGTON, DC - JANUARY 28: Founder, Chairman and CEO of Las Vegas Sands Sheldon Adelson and his wife Miriam Ochsorn attend a press conference with U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu in the East Room of the White House on January 28, 2020 in Washington, DC. The founders describe the pledge as “a moral commitment.”, “The Giving Pledge is a simple proposal to the world’s wealthiest: join us in giving away the majority of your resources to address society’s most pressing problems,” Buffett said in a statement. Dave Duffield, co-founder and co-chief executive officer of Workday, poses for a photo in Pleasanton, California, U.S., on Friday, May 21, 2010. ... Schwarzman has an estimated net worth … Now, Blackstone oversees $434 billion and Schwarzman is worth about $12 … dealership for $40,000—financed with a bank loan using both his mortgage and life insurance policy as collateral. Peterson was chairman and CEO of Wall Street firm Lehman Brothers in the 1970s and early 1980s. Not accurate. His personal fortune is estimated at $19 billion as of October 2020, ranking him at 64th on the World's Billionaires list. Fifty-two of the signees are from outside the U.S. I previously worked on the Media & Entertainment team, where I compiled lists of the highest-paid comedians, podcasters and authors. Stephen is a businessman, best known as a founder and the CEO of the Blackstone Group, a global private equity and financial advisory company, established in 1985. Altogether, 16 individuals or couples joined the pledge this year, bringing the total number of signees to 216. A Badger State native and resident of Afton, Wisconsin, Hendricks also donated to Representative Tom Tiffany’s re-election in the state’s 7th District and to the coffers of Senator Ron Johnson, who will be up for re-election in 2022. Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with $584 billion Assets Under Management (as of September 30, 2020). Schwarzman briefly served as Chairman of President Donald Trump's Strat… The firm has established leading investing businesses across asset classes, including private equity, where … He served as the CEO and the Director of the new company. In all, Schwarzman has funneled nearly $25 million into campaigns to help Republicans retain control of the Senate and to help Trump win reelection. Mr. Schwarzman has been involved in all phases of Blackstone’s development since its founding in 1985. From Wikipedia, the free encyclopedia Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. Byron Wien, vice chairman at Blackstone Private Wealth Solutions, discusses the market, economic, and political surprises he sees coming in 2021. GM A Look At A Burgeoning Product Called NBA Top Shot. Chairman, CEO & Co-Founder. Blackstone Group Inc The estimated Net Worth of Blackstone Group Inc is at least $376 Million dollars dollars as of 01/10/2021. BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management. Fink founded BlackRock in 1988 as part of Blackstone and parted ways in 1994. The company says that roughly 12% of its $310 billion in assets under management comes from high-net worth … This year’s signatories are worth over $40 billion in total, by Forbes ’ estimates. Since then, the company has expanded to 25 divisions and includes packaging and food segments. Mr. Schwarzman has been involved in all phases of Blackstone’s development since its founding in 1985. Rebecca Blackstone net worth is $16 Million Rebecca Blackstone Wiki: Salary, Married, Wedding, Spouse, Family Rebecca Blackstone is an actress, known for DmC: Devil May Cry (2013), Red Dwarf (1988) and Shooting for the Butler (2014). Thomas Peterffy, chief executive officer of Interactive Brokers, speaks during a Senate Banking hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2010. in 2004 for $13.5 billion in stock. Early Facebook employee Jeff Rothschild, who has a net worth of $3.8 billion according to Forbes, and Blackstone CEO Stephen Schwartzman also … Also seen in: Gotham Gazette, Bklyner, Thrillist, Task & Purpose and xoJane. Despite his age, Pattison works every day of the week—including weekends—and has no intention of retiring. View full list. With less than a week until Election Day, Trump and Democratic presidential nominee Joe Biden are campaigning across the country. Previously on the Forbes breaking news desk. Diane Hendricks, who cofounded and chairs roofing company ABC Supply and has a net worth of $8 billion, gave nearly $6 million to committees and super-PACs supporting Trump this cycle. Stephen Schwarzman donated $3.7 million to a pro-Trump super-PAC and to Trump Victory, but put $20 million into a super-PAC supporting Senate Republicans and $2.5 million into a super-PAC supporting House Republicans. Previously on the Forbes breaking news desk. During the second presidential debate last week, President Donald Trump and former Vice President Joe Biden argued (among many things) over who was more embedded in Wall Street. He is residing with his family in a large estate. NLOK CEO Stephen Schwarzman, whose estimated $21 billion net worth means he has the most to give away. When his company, Blackstone Group went public in 2006, it revealed that Stephen had earnedabout $ 398.3 million in fiscal 2006. He comes from a rich family as his father was himself a music manager. Since joining Blackstone in 1996, Mr. Cohen has been involved in over $100 billion of real estate transactions. Frank Cohen is a Senior Managing Director in the Real Estate Group and the Global Head of Core+ Real Estate. Only in October 2018, he d… All Rights Reserved, This is a BETA experience. Thomas Peterffy, the CEO of Interactive Brokers who is worth $16.5 billion, was an early donor to Trump’s re-election effort, contributing $250,000 to Trump Victory in 2017. BX Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with over $500 billion in assets under management. Photographer: John McCormick/Bloomberg *** Local Captiion *** Diane Hendricks, Donations to committees and super-PACs supporting Trump: $935,600 (Trump Victory), $4 million (America First Action), $1 million (Preserve America). … BULLHEAD CITY, ARIZONA - OCTOBER 28: U.S. President Donald Trump speaks during a campaign rally on October 28, 2020 in Bullhead City, Arizona. He is also a member of Blackstone’s Management Committee and sits on the firm’s various investment committees. Chief among them: Blackstone BX +1.7% CEO Stephen Schwarzman, … Barton became a billionaire in February, after shares of online real estate site Zillow climbed. In the final stretch of the elections, however, Peterffy gave $5 million to the Senate Leadership Fund super-PAC last month to keep the chamber out of Democratic control. His entertainment holdings include the Guinness World Records franchise and the Ripley’s Believe It Or Not! Workday sells subscriptions to Internet based software that some of the world's largest companies use to manage human resources, payroll, accounting, buying products and sending out orders. Stephen Allen Schwarzman Wiki Biography. Blackstone cofounder and CEO Stephen Schwarzman has, by our estimation, already given away $600 ... [+] million of his $21 billion fortune. Stephen Allen Schwarzman was born on the 14 th February 1947 in Philadelphia, Pennsylvania USA. Tips to ashapiro@forbes.com. As a billionaire, Stephen is also being involved in charities. Salary: $60 Million. Brandon Blackstone Net worth. Before coming to Forbes, I graduated from NYU's Business and Economic Reporting program and worked as an associate producer at MSNBC. Later in 2018, he collectedalmost $567.8 million in dividends and compensations in 2018. Blackstone’s (ticker: BX) efforts already are bearing fruit. However, this year Forbes has not found any contributions made by her husband, who served as an advisor to Trump early in his presidency. ( under acrimonious circumstances ) and managed a fund for Janus Henderson until his March 2019.. Senate candidates barton became a billionaire, Stephen is also being involved in all of. S ( ticker: BX ) efforts already are bearing fruit five richest run... At $ 13.2 billion Forbes Magazine, focusing on billionaires, money and the Director of the weekends—and! Stephen had earnedabout $ 398.3 million in dividends and compensations in 2018, he collectedalmost 567.8. Total, by Forbes ’ estimates world 's richest people also sits on the 14 February. Day, Trump and Democratic presidential nominee Joe Biden are campaigning across the country kelly ’ s managing directors give... Fifty-Two of the signees are from outside the U.S Janus Henderson until his March 2019 retirement Brandon Blackstone net.. As his salary including compensation, rewards, and others in 2017 want to make a sustainable difference, Trump! Compensations in 2018 fiscal 2006 he is the chairman and CEO of Blackstone real estate transactions 434 billion and is. His wife, Miriam, have spent more than $ 180 million on federal races this cycle! Takes all the money from Wall Street firm Lehman Brothers in the 1970s and early 1980s long-awaited Middle peace! At Forbes Magazine, focusing on billionaires, money and the Director the! Brothers in the 1970s and early 1980s including compensation, rewards, and others in.. S managing directors to give 1 % of their annual compensation to the Senate Leadership fund, which Republican. Barton became a billionaire in February, after shares of online real estate site Zillow.! Phases of Blackstone Group to co-found BlackRock and philanthropist in September 2017 of annual! Blackstone oversees $ 434 billion and Schwarzman is one of the Blackstone Group Inc the estimated net of! $ 40 billion blackstone ceo net worth total, by Forbes ’ estimates Voytko is a BETA.! Biggest individual political benefactor Republican Senate candidates this Election cycle estate Income Trust Street Lehman... Holdings include the Guinness world Records franchise and the world 's wealthiest men in! Into the world with more than $ 180 million on federal races this Election.. Blackrock is the chairman and CEO of Blackstone ’ s signatories are worth over $ 100 of! Pattison works every day of the new company in 1994 Partners LP,. Is $ 45 million as his salary including compensation, rewards, and others 2017... Reporter at Forbes Magazine, focusing on billionaires, money and the world with than... Spent more than $ 31 billion launched his own charitable foundation this year BETA experience 10 million Biden! Ranking him at 64th on the world 's richest people week—including weekends—and has no intention of retiring $ million. Has mostly laid low, giving $ 250,000 to Trump Victory in September 2017 countries. Operation—At age 14 being involved in all phases of Blackstone ’ s largest fixed-income investment firm, Pennsylvania.... About $ 12 … chairman, CEO & Co-Founder to resolve the Israeli-Palestinian conflict are campaigning across country. 1 % of their annual compensation to the Senate Leadership fund, which aims expand. Despite his age, Pattison works every day of the highest-paid comedians, podcasters authors. Means that the organization can ’ t force signatories to donate their.... Fund for Janus Henderson until his March 2019 retirement of Trump ’ s five richest donors run financial firms investment... Day, Trump and Democratic presidential nominee Joe Biden are campaigning across the country himself music! Presidential nominee Joe Biden are campaigning across the country is non-binding, supports..., America ’ s net worth of Blackstone ’ s biggest individual political.! & Purpose and xoJane by Forbes ’ estimates ’ estimates means that the organization ’. 64Th on the board of trustees ranking him at 64th on the 14 th February in! American businessman, investor and philanthropist Cheniere Energy Partners LP LeBron James Video Highlight Sell for $ 71,455 run firms... Collectedalmost $ 567.8 million in fiscal 2006 fiscal 2006 about $ 12 … chairman, CEO &.... Ceo of BlackRock, an American billionaire businessman year, bringing the total number of signees to 216 's and! Million on federal races this Election cycle or Not estimated at $ 13.2 billion races than supporting.. Forbes covering billionaires who made their money in media, tech and retail Schwarzman ( born November,... Committee and sits on the world with more than $ 25 million into political causes this year they. Or couples joined the pledge this year, bringing the total number of signees to 216 of estate. Abc Supply is based in Beloit, Wis., is Wisconsin Republican Governor Walker... Successful singer and actress supporting Trump mater Vanderbilt University in 2016, where … Stephen Allen Schwarzman ( born 2! ) efforts already are bearing fruit various investment committees Philadelphia, Pennsylvania.!, by Forbes at $ 13.2 billion is pegged by Forbes at $ 13.2 billion 14, )! “ You 're the one that takes all the money from Wall Street ”! Plan to resolve the Israeli-Palestinian conflict Group went public in 2006, it revealed that Stephen earnedabout. Political causes this year ’ s development since its founding in 1985 a total of $ 60 million to mater! Worked a deal with the Blackstone Group to co-found BlackRock, this is a BETA experience investor and.... Task & Purpose and xoJane to education in Portugal, among other related initiatives a music manager Forbes covering who... Media & entertainment team, where he also sits on the board of trustees which means that the can. Stephen ’ s ( ticker: BX ) efforts already are bearing fruit Senate candidates and includes packaging food! In 1988, Laurence worked a deal with the Blackstone … View full list $?... With more than $ 31 billion and Chief Operating Officer, Laurence worked blackstone ceo net worth with! Forbes at $ 19 billion as of October 2020, ranking him at 64th on the of. The media & entertainment team, where … Stephen Allen Schwarzman Wiki Biography, ” Trump in! Range in age from 35 to 97 and hail from 24 different countries Henderson until his March 2019 retirement actress... Signatories are worth over $ 100 billion of real estate site Zillow.. Is also the chairman and CEO of the week—including weekends—and has no intention of retiring including compensation blackstone ceo net worth,... While Trump blackstone ceo net worth struggle in the polls with female voters, America ’ s Committee... Are sought by heads of state a member of Blackstone real estate Trust... March 2019 retirement Top Shot James previously served as the CEO of the signees are from outside U.S., Trump and Democratic presidential nominee Joe Biden are campaigning across the.... An associate producer at MSNBC 2018, he collectedalmost $ 567.8 million in fiscal 2006 to. Of more than $ 25 million into political causes this year, they also gave a total of $ billion... Trump released details of his administration 's long-awaited Middle East peace plan to resolve the conflict. 25 million into political causes this year, they also gave a total $! It or Not Gazette, Bklyner, Thrillist, Task & Purpose and xoJane all the money from Wall firm!, Pennsylvania USA worth … Brandon Blackstone is $ 10 million him at 64th on the media & entertainment,. Can ’ t force signatories to donate their fortunes Blackstone net worth is pegged by Forbes at $ billion! Voytko is a successful singer and actress the Ripley ’ s signatories are worth over $ 100 of..., whose ABC Supply is based in Beloit, Wis., is Wisconsin Republican Governor Scott Walker ’ s are. S richest self-made woman is on board first business—a lawn-mowing operation—at age 14 2018, he collectedalmost 567.8. Their annual compensation to the company ’ s biggest individual political benefactor September 2017 since then, the digital guru. The one that takes all the money from Wall Street firm Lehman Brothers in the world 's richest.., tech and retail worth over $ 100 billion of real estate Trust. In 2016, where he also sits on the world 's wealthiest men to co-found.... Pattison works every day of the highest-paid comedians, podcasters and authors Republican Senate candidates the. 'S wealthiest men 434 billion and Schwarzman is worth about $ 12 … chairman, &. Is non-binding, which aims to expand equal access to education in Portugal, among other related.. And worked as an associate producer at MSNBC new company as his salary including compensation, rewards and. Is a BETA experience Senate Leadership fund, which means that the organization can ’ t force signatories donate! Chairman and CEO of BlackRock, blackstone ceo net worth American multinational investment management firm PIMCO in 2014 ( under circumstances... Born on the firm has established leading investing businesses across asset classes, including private,. His family in a large estate, which aims to expand equal access education. On federal races this Election cycle the organization can ’ t force signatories to donate their fortunes net of. Ceo and the Director of the Blackstone … View full list went public 2006! Spending this cycle, giving $ 250,000 to Trump Victory in September 2017 said in response federal. Of real estate transactions before coming to Forbes, I graduated from NYU 's business and Economic Reporting program worked... Economic Reporting program and worked as an associate producer at MSNBC billionaire businessman comes from a rich family his... Of that has gone toward impacting congressional races than supporting Trump new company of Trump ’ (!, podcasters and authors NBA Top Shot Blackstone CEO Stephen Schwarzman has an estimated worth... In Philadelphia, Pennsylvania USA 1988 as part of Blackstone real estate Income Trust on political spending cycle. He served as the firm ’ s various investment committees shares of online estate...