Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Blackstone’s Stephen Schwarzman Takes Private Equity Prize for 2014

Private Equity was a winner for Blackstone, housing, not so much

Stephen Schwarzman

Blackstone chief Stephen Schwarzman took home the Wall Street award for most successful private equity boss, and made a cool $690 million, according to Fortune. This is 52% higher than the amount he took home last year.

The firm has had a winning strategy in the past year of successfully selling assets when the valuations were at their peak. Distributable earnings were $3.1 billion in 2014, compared to $1.9 billion in 2013. Schwarzman’s filing showed he took $85.9 in compensation, $570 million in dividends and $33.5 million from investments. In second and third place are Apollo’s Leon Black, who took home $331 million and Carlyle group, whose founders made $95 million each.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

In January, Schwarzman told the New York Times Blackstone saw a doubling in private equity but a decline in housing. The housing investments fell 38%, but that could have been due to the tough comparisons after Blackstone made money on the Hilton Worldwide IPO. He indicated that he might look at depressed oil assets, but the continued fall in the price of the commodity was troubling. Schwarzman told the NYT, “Looking forward, we see continued momentum across all of our businesses as the environment for both investing opportunistically and harvesting more seasoned assets becomes attractive.”

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.