It also demonstrates how tightly his fortune is tied to the firm he co-founded more than three decades ago.. Blackstone Chief Executive Officer Steve Schwarzman created history by earning a whopping USD 1.27 billion in 2022. The median estimated compensation for executives at The Blackstone Group including base salary and bonus is $233,571, or $112 per hour. Goldman Sachs Group Inc slashed compensation for CEO David Solomon by 29% to $25 million for 2022, while JPMorgan Chase & Co CEO Jamie Dimon's total compensation was unchanged at $34.5 million. - Diverse Teams Past performance is not indicative of future results. The Blackstone Group's highest paid executives include: Joan Solotar $7,054,325. Does Blackstone provide WLB for working mom? He had established The Blackstone Group, a global private equity firm in 1985 with Peter G. Peterson, former chairman and CEO of Lehman Brothers and US Secretary of Commerce under President Richard Nixon. WebChairman Emeritus & Former Chief Executive Officer, Ogilvy & Mather Worldwide The Right Honourable Brian Mulroney Partner at Norton Rose Fulbright and Former Prime Minister of Canada William G. Parrett Retired CEO and Senior Partner, Deloitte (Deloitte Touche Tohmatsu) Ruth Porat Chief Financial Officer of Alphabet Inc. and Google Inc Directory Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. WebChairman Emeritus & Former Chief Executive Officer, Ogilvy & Mather Worldwide The Right Honourable Brian Mulroney Partner at Norton Rose Fulbright and Former Prime Minister of Canada William G. Parrett Retired CEO and Senior Partner, Deloitte (Deloitte Touche Tohmatsu) Ruth Porat Chief Financial Officer of Alphabet Inc. and Google Inc Directory Great people to work with and for. This is 22.2% worse than the company average rating for salary and benefits. Blackstone Chief Executive Officer Steve Schwarzman took home a record $1.27 billion for 2022, as the investing titan continued building his fortune into one of the worlds largest. Some global heads do not respect EAs, - Free Lunch I mean, when people see you for the first time for the day and walk past your desk without saying a word, it saps away the team spirit. What should I know /ask during the interview? Extremely well-managed successful company with excellent ethics, good benefits and educational opportunities. Feb 25 (Reuters) - Blackstone Inc (BX.N) Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed. Blackstone Group Inc. co-founder Steve Schwarzman and his top two executives collected a combined $802.6 million in compensation and dividends last year. According to Blackstones latest annual report, it paid out $4.40 in dividends per share in 2022, meaning $1.02bn for Schwarzman alone. This is 13.7% worse than the company average rating for salary and benefits. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Executive Assistant professionals rate their compensation and benefits at The Blackstone Group with 3.4 out of 5 stars based on 15 anonymously submitted employee reviews. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Jonathan Grays take-home compensation package was one of Blackstones biggest at $275 million, but Gray still pocketed far less than the groups CEO Stephen Schwarzman. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Investing titan Schwarzman owns around 20% of Blackstone shares. According to a regulatory filing, Steve Schwarzman, the CEO of Blackstone Inc., earned nearly $1.26 billion in pay and dividends in 2022. Unusually high pay is the main attraction. Web1 Dividends since IPO include $0.59/share of value distributed to shareholders upon spin-off of PJT on October 1, 2015. Sign up here. Thoughts on ops role at PE firms like blackstone and kkr? The stock has since generated some 21.2% in total returns this year, outpacing the S&P. The Blackstone Group's highest paid executives include: Joan Solotar $7,054,325. - Exclusive at times. Respectful work culture. It's not easy to get a job at Blackstone. There really are no cons in my mind. Investing titan Schwarzman owns around 20% of Blackstone shares. Investing titan Schwarzman owns around 20% of Blackstone shares. Offers may be subject to change without notice. 2 Dividend yield based on most recent closing price and last twelve months dividends to shareholders of $4.40 per share. WebHow much do The Blackstone Group employees make? Blackstone Chief Executive Officer Steve Schwarzman took home a record $1.27 billion for 2022, as the investing titan continued building his fortune into one of the worlds largest. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. According to reports, Schwarzman earned around USD 1 billion in dividends and USD 253.1 million in compensation. Feb 25 (Reuters) - Blackstone Inc (BX.N) Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed. Schwarzman heir apparent as CEO, Jon Gray, who is also the Blackstone President, earned USD 479.2 million in 2022. The firm cranked out more fee-related earnings as assets under management reached just shy of $1 trillion.. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. WebBrowse Executive Salaries Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. He also earned $253.1 million in compensation, most of it through incentive fees and his cut of fund profits known as carried interest., The annual haul, up from about $1.1 billion a year earlier, underscores Schwarzmans status as one of Wall Streets highest earners with a net worth of $30.6 billion, according to the Bloomberg Billionaires Index. WION Video Team | Updated: Feb 27, 2023, 01:20 PM IST. WebChairman Emeritus & Former Chief Executive Officer, Ogilvy & Mather Worldwide The Right Honourable Brian Mulroney Partner at Norton Rose Fulbright and Former Prime Minister of Canada William G. Parrett Retired CEO and Senior Partner, Deloitte (Deloitte Touche Tohmatsu) Ruth Porat Chief Financial Officer of Alphabet Inc. and Google Inc Directory The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $91,251 to $118,734 with the average total cash compensation of $103,585. According to reports, Schwarzman earned around USD 1 billion in dividends and USD 253.1 million in compensation. - Benefits/Perks Very comfortable. Good infrastructure. Blackstone Chief Executive Officer Steve Schwarzman created history by earning a whopping USD 1.27 billion in 2022. Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. The median estimated compensation for executives at The Blackstone Group including base salary and bonus is $233,571, or $112 per hour. We work more hours than people outside of the industry. The cons depends on the team youre working with. WebBlackRock Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. That included USD 182.7 million from dividends tied to his 3% stake in Blackstone. Blackstone Chief Executive Officer Steve Schwarzman took home a record $1.27 billion for 2022, as the investing titan continued building his fortune into one of the worlds largest. Goldman Sachs Group Inc slashed compensation for CEO David Solomon by 29% to $25 million for 2022, while JPMorgan Chase & Co CEO Jamie Dimon's total compensation was unchanged at $34.5 million. Free lunch, holiday parties/social events, and brand recognition. According to Friday's report, Schwarzman received $253.1 million in pay in addition to more than $1 billion in dividends from his Blackstone I own a lot of stock, and I invest in all of our funds, so the firm is my family office, Schwarzman, 76, said at an industry conference this year. Partner site: Zee News 1998-2022 Diligent Media Corporation Limited, All Rights Reserved. Research & Science Based on 209 salaries Analyst 138 salaries Summer Analyst 28 salaries View More Finance & Accounting Based on 166 salaries Financial Analyst 26 salaries Private Equity This consisted of $123.2 million in compensation and $92.8 million in dividends. Is this considered PE? WebBrowse Executive Salaries Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. WebExceptional Talent. As partners to our portfolio companies, we provide both empathy and experience as we help our companies create and accelerate value. According to a regulatory filing, Steve Schwarzman, the CEO of Blackstone Inc., earned nearly $1.26 billion in pay and dividends in 2022. As partners to our portfolio companies, we provide both empathy and experience as we help our companies create and accelerate value. Open opportunities for growth. Management are exceptionally intelligent and ethical. FORTUNE may receive compensation for some links to products and services on this website. According to Friday's report, Schwarzman received $253.1 million in pay in addition to more than $1 billion in dividends from his Blackstone Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The dividend for 2022 rose to $4.40, up from $4.09 a year earlier. The cons are the workload, along with exponential personnel growth with limited HR infrastructure and or support/encouragement for staff. This consisted of $123.2 million in compensation and $92.8 million in dividends. CEO Name CEO Pay Median Employee Pay CEO Pay Ratio Stephen A. Schwarzman CEO Pay$86,380,331 Median Employee Pay$220,000 CEO Pay Ratio393:1 Browse Board of Directors By First Name A B C D E F G H I J K L M N O Everyone is compensated for the firms success. WebThe average The Blackstone Group executive compensation is $229,080 a year. Blackstone is on track to pay nearly $1.6m per head for 2022. Blackstones Portfolio Operations group along with our experienced advisor community is a team of nimble operating executives with expertise across all aspects of an enterprise. All rights reserved. According to Blackstones latest annual report, it paid out $4.40 in dividends per share in 2022, meaning $1.02bn for Schwarzman alone. Jonathan Grays take-home compensation package was one of Blackstones biggest at $275 million, but Gray still pocketed far less than the groups CEO Stephen Schwarzman. This consisted of $123.2 million in compensation and $92.8 million in dividends. That included $182.7 million from dividends tied to a roughly 3% stake in the firm. A crown jewel property fund for wealthy investors, the Blackstone Real Estate Income Trust, faced a line of investors wanting out, prompting it to limit redemptions. Past performance is not indicative of future results. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. His heir apparent as CEO, Blackstone President Jon Gray, collected $479.2 million in 2022. Blackstone Chief Executive Officer Steve Schwarzman created history by earning a whopping USD 1.27 billion in 2022. Schwarzmans annual earnings in 2021 was USD 1.1 billion. Tired of getting emails on Fridays that ruin my weekend. Research & Science Based on 209 salaries Analyst 138 salaries Summer Analyst 28 salaries View More Finance & Accounting Based on 166 salaries Financial Analyst 26 salaries Private Equity Blackstone Group Inc. co-founder Steve Schwarzman and his top two executives collected a combined $802.6 million in compensation and dividends last year. Executive Assistant professionals working at The Blackstone Group have rated their employer with 4 out of 5 stars in 15 Glassdoor reviews. I own a lot of stock, and I invest in all of our funds, so the firm is my family office, Schwarzman, 76, said at an industry conference this year. Blackstones president, Jonathan Gray received a total pay package of $216.1 million. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. 401k matching, daily meal stipend, bonus (depending on department), abusive managers, poor protocols re: COVID, bias/racism, poor pay structure, Great company and culture, beautiful offices, Does not pay well. Very smart people. Executive Assistant professionals rate their compensation and benefits at The Blackstone Group with 3.2 out of 5 stars based on 15 anonymously submitted employee reviews. Verify your email to use filters. Glassdoor has 617 The Blackstone Group reviews submitted anonymously by The Blackstone Group employees. Lots of admin support whether it be IT department, mail room, building facilities. Investing titan Schwarzman owns around 20% of Blackstone shares. This consisted of $123.2 million in compensation and $92.8 million in dividends. According to Blackstones latest annual report, it paid out $4.40 in dividends per share in 2022, meaning $1.02bn for Schwarzman alone. Schwarzmans annual earnings in It's not easy to get a job at Blackstone. , Blackstones fundraising machine slowed last year, and market swings hampered new deals. This is a lower than average score with the overall rating of The Blackstone Group employees being 4.1 out of 5 stars. Web1 Dividends since IPO include $0.59/share of value distributed to shareholders upon spin-off of PJT on October 1, 2015. That is an increase from the prior year., Though neither is paid an annual cash bonus, they still collect more than the CEOs of Wall Streets biggest investment banks, where compensation packages for the top brass usually tally into the tens of millions. Search open, Executive Assistant professionals rate their compensation and benefits at The Blackstone Group with 3.4 out of 5 stars based on 15 anonymously submitted employee reviews. WION Video Team | Updated: Feb 27, 2023, 01:20 PM IST. Having problems? By contrast, the S&P 500 delivered 18% total losses. Past performance is not indicative of future results. Past performance is not indicative of future results. CEO Name CEO Pay Median Employee Pay CEO Pay Ratio Stephen A. Schwarzman CEO Pay$86,380,331 Median Employee Pay$220,000 CEO Pay Ratio393:1 Browse Board of Directors By First Name A B C D E F G H I J K L M N O 1998-2022 Diligent Media Corporation Limited, All Rights Reserved. Reported By:| Edited By: DNA Web Team |Source: DNA webdesk |Updated: Feb 25, 2023, 01:59 PM IST. CEO Name CEO Pay Median Employee Pay CEO Pay Ratio Stephen A. Schwarzman CEO Pay$86,380,331 Median Employee Pay$220,000 CEO Pay Ratio393:1 Browse Board of Directors By First Name A B C D E F G H I J K L M N O Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. Find out more about Executive Assistant salaries and benefits at The Salary level, culture, etc. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. According to a regulatory filing, Steve Schwarzman, the CEO of Blackstone Inc., earned nearly $1.26 billion in pay and dividends in 2022. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Terms & Conditions. Jonathan Grays take-home compensation package was one of Blackstones biggest at $275 million, but Gray still pocketed far less than the groups CEO Stephen Schwarzman. In addition, Schwarzman collected $253mn in compensation as chief executive, mostly through incentive fees and a share of fund profits known as carried interest.