Billionaires played a bigger role in the 2020 election than ever before. Elizabeth Schwarzman was born in 1976 and is the oldest child of Stephen. [44] In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of the year. After the public learned about the deal, a new agreement was made and Schwarzman removed several of the conditions for his donation, including renaming the school. Stephen Schwarzman Net Worth Detail. [71][72], In 2011, The Wall Street Journal reported on the vast water consumption of wealthy Palm Beach residents during exceptional drought conditions. [32] During the 2016 Republican primary, he declined to support any one particular candidate. In the end, Schwarzman was forced to apologize for the contentious analogy. At 36, Facebook cofounder Moskovitz is the youngest megadonor on this list. Or a little more than twice as much as Joe Bidens campaign. People close to the museum and to Ms. Wintour have been a little surprised that requests made of the Schwarzmans occasionally get turned down. Not all the publicity the church receives is positive, so it came as a relief to hear that the exhibit was being underwritten by his old friend Mr. Schwarzman. [15][16] He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion. Annette de la Renta, a board member at the Met and the New York Public Library, doesnt get why all this inspires such fuss, such sanctimony. Singer ended up donating $1 million to the former presidents inaugural committee anyway, but he didnt spend much more to help Trump. It demonstrates our thankfulness to Steve.. And obnoxious questions followed about which cost more, the party the couple was waltzing into or the one theyd recently held in Palm Beach, Fla., in honor of Mr. Schwarzmans 70th birthday. Later it was owned by Saul Steinberg, who sold it to Mr. Schwarzman after Mr. Steinbergs company, the Reliance Group, went into bankruptcy. Mr. Schwarzman happily gave financial advice for Cardinal Egan to take back to the archdiocese. Blackstone declined to comment for this story. She was the daughter of an industrialist, Jesse Philips from Ohio. Still, it was clear to him she is a pretty big deal, an admired person, he said, because all these people in his office got bizarrely star-struck when she walked in. Who cares? Last week, members of the Senate Finance Committee asked five private equity firms to detail their investment stakes in nursing homes and to provide copies of contracts about their operations. Practice Area: General Practice Profile updated: 3/17/13 Submit profile update. Had he been on our list at the time this article was published he would have appeared as no. Blackstone started out as a relatively small concern, dealing primarily in mergers and acquisitions. Asia Pacific +65 6212 1000. It has founded its own association, The Private Equity Council. He and his wife helped underwrite the exhibition Heavenly Bodies: Fashion and the Catholic Imagination, handing over a check that two sources close to the museum said was in the ballpark of $5 million. Today, he just wants Washington to leave him and his bankbook alone. [45] In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. She married Zak Schwarzman on August 19, 2017, in House Island, Portland Harbor. I would see George at breakfast, lunch and dinner, Schwarzman told The Washington Post in 2004. At the memorial, numerous attendees took note that Mr. Petersons most famous protg was not selected as a speaker. In 2004, he became chairman of the board of the Kennedy Center, a position he still holds today. From there, he progressed to the head of global mergers and acquisitions. A math professor who started his own hedge fund, Simons has long been a Democratic kingmaker. The couple wrote a hefty check to underwrite the Mets Heavenly Bodies show. Net worth: $3.2 billion Contributions: . And when they need an example of unadulterated private equity greed, the self-made Schwarzman with his estimated $7.3 billion net worth is their go-to guy. Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010. She currently resides in New York City. Shortly afterward, the Mets leadership announced that the museum was eliminating the jobs of up to 100 people in administrative, conservationist and curatorial positions in an effort to address a ballooning $30 million deficit. Stephen is known to be greatly charitable and has made several contributions to various organizations which help support social and educational causes in the United States and throughout the world. Plans College for Artificial Intelligence, Backed by $1 Billion", "Oxford to receive biggest single donation 'since the Renaissance', "Schwarzman Centre: Planning application submitted for concert hall", "Blackstone CEO pledges to donate the majority of his wealth to charity", "EXCLUSIVE: Billionaire Steve Schwarzman signs Warren Buffett's Giving Pledge", "USA Track & Field | Stephen A. Schwarzman Pledges $8,000,000 to USATF Foundation in Support of Elite Track & Field Athle", "A Billionaire's Party Is a Lens on Wealth in the Trump Era", "Jared and Ivanka Attended Steve Schwarzman's Epic 70th Birthday Party in Palm Beach", "Big Water Users Get Flak in Drought: Calls for Surcharges as Vast Amounts Consumed by Wealthy Palm Beach Residents Draw Ire of Neighbors", "Golden Plate Awardees of the American Academy of Achievement", "President Confers Mexican Order of Aztec Eagle on co-founder and CEO of the Blackstone Group Stephen Allen Schwarzman", https://en.wikipedia.org/w/index.php?title=Stephen_A._Schwarzman&oldid=1151567984, This page was last edited on 24 April 2023, at 21:21. And the education center at the National Library of Israels new landmark building in Jerusalem is being named for Mr. Schwarzman, after a contribution earlier this year for $10 million. Mr. Schwarzmans charitable contributions have ignited controversy. Simons stepped down as chairman last month but remains invested in the firms funds. EMEA +44 20 7330 7500. [37], He is a long-time friend of former president Donald Trump and provides outside counsel, and served as chair of Trump's Strategic and Policy Forum. Well, having money helps a lot. The education campaign had to be quite extensive.. Mr. Schwarzman will be the fifth Chairman of the Center. Rod Stewart and Patti LaBelle performed for guests, including real estate mogul Donald Trump, media executive Barry Diller, former Secretary of State Colin Powell and New York Mayor Michael Bloomberg. Search instead in Creative? Yale is Whoresville, U.S.A. You can quote me on that.. As well as receiving the two highest honors bestowed on individuals by the French government, Schwarzman has also been privileged with Mexicos highest honor for foreigners, the Order of the Aztec Eagle. Stephen has a daughter, Elizabeth and a son, Edward from his first marriage to Ellen Philips. After completing his MBA at Harvard Business School, Schwarzman landed a position at the investment bank, Lehman Brothers. In 2018, he polled again, this time in the Top 50 of Forbes list of the Worlds Most Powerful People. [50], On April 21, 2013, Schwarzman announced a $100 million personal gift to establish and endow a scholarship program in China, Schwarzman Scholars, modeled after the Rhodes Scholarship program. Saul Steinberg sold the apartment to Schwarzman. In 2015, Yale University announced that Mr. Schwarzman was donating $150 million to the school for the construction of a student hub located smack in the middle of its campus. Over the last few weeks, friends of the Schwarzmans have been slightly surprised that his check underwriting the exhibition didnt translate into invitations for them. The job got him a private lunch with Laura Bush in the White House residence. Republican staffers and investment fund colleagues quietly agree, comparing Schwarzmans party with a lavish party thrown by Tyco CEO Leo Dennis Kozlowski, now serving time for corporate fraud. [51] Schwarzman simultaneously announced a fundraising campaign with a goal of $200 million. They donated money, too. At the same time, he had positive things to say about Hillary Clinton. The production house is responsible for co-producing the hit 2014 film The Imitation Game. Christine, a corporate lawyer, had recently separated from Austin Hearst, the grandson of the media baron William Randolph Hearst. Instead, he focused on Congress, dumping $37 million into a super-PAC supporting Senate Republicans and another $10 million to a group backing House Republicans over the last two years. The famous fete catapulted Schwarzman into Wall Street and K Street infamy. [59], In October 2018, Schwarzman donated $350 million to the Massachusetts Institute of Technology to create the Schwarzman College of Computing. Five years after his divorce was finalized, Schwarzman married again, this time to intellectual property lawyer, Christine Hearst. [12][13] Blackstone would branch into business acquisition, real estate, direct lending, alternative assets, and now has some $500 billion in assets under management. Sources close to the company said Blackstone repeatedly met with Senate staffers before the IPO to assuage lawmakers fears about Chinese investment in the company. In 2013, Schwarzman provided the full financial backing needed to launch Schwarzman Scholars, an international scholarship program at Tsinghua University in Beijing that aims to educate future global leaders about China. The former Lehman Brothers CEO served as President Richard Nixons secretary of Commerce, chairman of the Council on Foreign Relations and chairman of the Federal Reserve Bank of New York. George was no stranger., (To be fair, he also knows Bushs 2004 rival. His first wife was Ellen Philips, whom he had met while studying at Harvard. Garrett by trade is a personal finance freelance writer and journalist. I always think about what will kill off the other bidder. Consider yourself warned. She worked as a lawyer and had one child from her previous marriage to Austin Hearst. [43], According to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. Soon, Mr. and Mrs. Schwarzman began dining tte--tte with Cardinal Edward Egan, the late archbishop of New York. According to Forbes latest figures, the CEO and Chair of Blackstone is today worth a staggering $15.1 Billion. Instead, he and his wife Shirley put the bulk of their contributions into super-PACs that were spending big in key GOP Senate races. Together, Mr. Peterson and Mr. Schwarzman started the Blackstone Group, a private equity firm that grew into a financial colossus that dwarfed competitors like Kohlberg Kravis Roberts and the Carlyle Group. Off went Mr. Steinbergs billiard tables. "[1], In private Schwarzman called January 6 United States Capitol attack an insurrection and an affront to the democratic values we hold dear". The previous chairmen are Roger L. Stevens, Ralph P. Davidson, James D . But the Blackstone Group is an enormously powerful real estate investor. Stephen Allen Schwarzman is an American investor, financier and business tycoon. The hedge fund billionaire spent $342 million on his own presidential campaign, plus another $73 million supporting left-leaning causes and voter-registration efforts. Jimmy Lee, a friend of Mr. Schwarzmans, has joked that Mr. Schwarzman has given more money to the archdiocese than any Jew in New York. "[33] He had previously made a donation to Marco Rubio in 2014. During Trumps race for candidacy, Schwarzman came out to favor the real estate mogul over his revival, Ted Cruz, telling CNBC America needed a cohesive, healing presidency, not one thats lurching either to the right or to the left. Schwarzman has a long history with the Republican party: as well as raising at least $100,000 as a Bush Pioneer, he briefly served as chair of President Trumps short-lived Strategic and Policy Forum, a group of cooperate executives including CEO of JPMorgan Chase, Jamie Dimon, Walt Disney head Bob Iger and former General Electric leader Jack Welch that served to advice Trump on employment matters and the economy. Mr. Trump was unusually solicitous about Mr. Schwarzman during the campaign, and reportedly asked aides numerous times if there had been any luck getting him to pledge allegiance. This makes him the 100th richest person in the world and the 39th in the US. [40], In December 2018, non-profit consumer advocacy organisation Public Citizen published a report titled: "'Self-Funded' Trump Now Propped Up By Super PAC Megadonors." Nevertheless, journalists called out their names. Martin Short served as the M.C. Schwarzman and his wife, Christine Hearst (yes, as in the Hearsts), recreated their expansive apartment in the cavernous Park Avenue Armory. [30] Eventually a deal was brokered with Schwarzman's help. Down came the red vinyl walls, which really would not have been the way to showcase Mr. Schwarzmans Monets and Cy Twomblys. The Schwarzman Scholars program is housed at Tsinghua University. Money hasnt made Stephen Schwarzman universally beloved. As the CEO of the Blackstone Group, Stephen gathered $786.5 million as his salary including compensation, rewards, and others in 2017. She later remarried Steve Schwarzman in 1995, one of the worlds most powerful financiers and co-founder of Blackstone group. He and his wife, Cari Tuna, spent $25 million in 2016, then doubled down with a $47 million donation to a pro-Biden super-PAC in 2020, helping fuel an advertising blitz in the final months of the campaign. Christine married Austin Chilton Hearst, grandson to William Randolph Hearst, in 1984 and they share one daughter together. He could have ended up like most guys from a privileged background. The comment is rumored to have tanked his administration dreams. Over the next few months, Congress launched a private equity pile-on. Hedge fund heavyweight Griffin, a Mitt Romney supporter in 2012, didnt donate directly to Donald Trumps campaigns in 2016 or 2020. The lobbyists say the entire industry is under attack, necessitating a major pushback from the firms. Schwarzmans business activities havent been in vain- despite giving millions of dollars away to charitable causes, Schwarzman still ranks as one of the worlds richest men. Mr. and Mrs. Schwarzmans friends at the archdiocese are happy. With over 10 years experience he's covered businesses, CEOs, and investments. At the Met, weve been extraordinarily lucky to partner with Stephen and Christine Schwarzman, who, like the philanthropists whove gone before them, have always supported everything from arts and culture to education to Catholic charities. [68] They divorced in 1990. Schwarzman married his second wife Christine Hearst in 1995, an intellectual property lawyer who grew up on Long Island, New York. [24], He raised $100,000 for George W. Bush's political endeavors. [55][56] Additionally, Schwarzman is also a member of the Berggruen Institute's 21st Century Council. The following postings have not been substantiated by LawyerRatingz.com. Edward Frank Teddy Schwarzman is the son of Stephen and he was born in 1979. Second: Mr. Schwarzman is famously brash, a 5-foot-6-inch bundle of testosterone who in 2008 described his business philosophy by saying, I want war not a series of skirmishes. This has extended not only to his rivals at competing firms, but also at times to those closest to him. So when Versace was approached to sponsor the Costume Institute gala, but didnt have enough money, calling Mr. Schwarzman made sense. Mr. Schwarzman didnt endorse Mr. Trump during the campaign. Five years later, Mr. and Mrs. Schwarzman made their first real mark as a society couple by buying a 17,000-square-foot, three-floor penthouse apartment at 740 Park Avenue. Behind the polished veneer of state-of-the-art office, Read More The 20 Worst Companies to Work For in 2019Continue, Vineyards and wineries have been in existence for centuries. Hes been awarded the Lgion dHonneur, 13. I was fascinated about how that transition occurs with someone who was not achievement-oriented, he said about President Bush to The New York Times in 2004. While some plastic surgeons make money hand, Read More The 20 Richest Plastic Surgeons in the WorldContinue, Love them or hate them, Televangelists are woven into the very fabric of American life. His enormous wealth has seen him rank #100 on Forbes Billionaires 2019, #34 on Forbes 400 2018, and #42 on Forbes Powerful People 2018. Schwarzmans work ethic takes him beyond the scope of normal human endurance: in addition to his activities with Blackstone, he serves on the board of more organizations, corporations, trusts and charities than you would have thought possible. And Sen. John F. Kerry (D-Mass.) [57], He has sat on the board of trustees of New York-Presbyterian Hospital since 2016. Susan Collins (R-Maine) and Lindsey Graham (R-S.C.). [17] In the following years, his compensations increased even more: he received $350 million in 2007[18] and $702.4 million in 2008[19] - partly due to stock awards. Christine Hearst Schwarzman, Donatella Versace and Stephen A Schwarzman admire a liturgical vestment of Pope Benedict XV. [32], In early 2016, he said that in a two-candidate race he would prefer Donald Trump to Ted Cruz, saying that the nation needed a "cohesive, healing presidency, not one that's lurching either to the right or to the left. He led the biggest leveraged buyout in history, 8. The former intellectual property lawyer was married to publishing heir Austin Chilton Hearst before tying the knot with financier Steve Schwarzman in 1995. [52][53][54], In spring 2015, Peter Salovey, the president of Yale University, announced that Schwarzman contributed $150 million to fund a campus center in the university's historic "Commons" dining facility. The often-pugnacious hedge fund titan, who has a history of supporting both conservative and LGBTQ political causes, staunchly opposed Donald Trump in 2016. Despite its secret status, the society has become something of an institution, thanks largely to its influential alumni and the various conspiracy theories and folklore that surrounds it. Schwarzman, an out- and- proud Republican, is a long- time friend and supporter of President Trump. Lo and behold, this is our Top 60 of celebrities that have been caught smoking or, Celebrities dont always wear makeup anymore. This is partly because the gifts often come with conditions. 2014 - 2023 Marathi.TV - All Rights Reserved. Julia La Roche. The program, which launched to the tune of $575 million, is modeled on the Rhodes Scholarship, and, according to Blackstone is the largest philanthropic effort in Chinas history to have come from international financiers. To find out more, keep reading. According to Forbes, he had a net worth of $12.4 billion as of August 2018, increasing to $19 billion as of October 2020. 7) at the State University of New York at Stony Brook, Laufer joined his colleague at Renaissance Technologies, the hedge fund Simons founded. When Schwarzmans earnings were revealed in 2007, critics were quick to attack what they considered his history of financial excess. When it comes to business, Schwarzman takes no prisoners. Since 1990, Schwarzman and his wife have given more than $283,000 to political candidates, according to the Center for Responsive Politics. In 2007, the Blackstone Group went public, and Mr. Schwarzman earned hundreds of millions of dollars through the I.P.O. Hes also the newest Capitol Hill villain. In 1995, Schwarzman wed Christine Hearst, an attorney for intellectual property who was born and raised on Long Island, New York. I want war, not a series of skirmishes, hes been quoted as saying. Most people on Capitol Hill, members, staff, they really didnt have an understanding of private equity and hedge funds, said one Washington insider hired by Blackstone. And everyone Congress, Wall Street and K Street had better get ready. It's like when Hitler invaded Poland in 1939. Learn how your comment data is processed. [49] In 2018, Schwarzman donated $10 million to another library, the National Library of Israel. Net Worth 2019 is. She was the daughter of an industrialist, Jesse Philips from Ohio. What is the profession of Stephen Schwarzman? Stephen Schwarzman is an American businessman who has a net worth of $35 billion. Coming out of Hicksville, Long Island, she is the daughter of Peggie and Peter Mularchuk. What happened to Christie Hearst Schwarzman? Mr. Peterson died in March. [76], In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, "which draws from his experiences in business, philanthropy and public service." Bloomberg poured about $150 million into other Democratic campaigns and causes, including $67 million that went into his own super-PAC, which spent more than three quarters of its funds supporting Joe Biden. Wynn, who has denied the allegations, is still spending big for Republicans. The award was created in 1933 by then president Abelardo L. Rodrguez to recognize the services given to Mexico or humankind by foreigners. A week before the much-anticipated IPO, Sen. Chuck Grassley (R-Iowa) introduced legislation hiking the tax rate for publicly traded private equity partnerships from 15 percent to 35 percent. Stephen Schwarzman is nothing but the highest paid president of the United States and the world, yet it does not lead to oil companies. The report disclosed that Schwarzman donated $344,000 in support of Trump's re-election campaign. While the party lives in infamy, congressional curiosity wasnt caused entirely by it. John D. Rockefeller Jr. once owned the duplex flat where he resides, which is located at 740 Park Avenue. After working as a professor with Jim Simons (No. Its no secret Schwarzman is a Republican, but no one was expecting quite the vitriol the CEO directed at President Obama during the democrats term in office. site is created for Christine Hearst Schwarzman -------- His name has crossed the Atlantic the day of the release of the highest salaries in the United States. His mammoth salary and extravagant lifestyle have led some to name and shame him as the poster boy for financial excess. Last Valentine's Day, Schwarzman reportedly spent $3 million on a lavish birthday bash. He is known as the CEO and Chairman of the Blackstone Group, a financial advisory and global private equity firm he Co-founded with Pete Peterson. When you work with the likes of Stephen and Christine, everyone benefits., So Mr. Schwarzman may be a flash point for income inequality, a man with more money than respect, but that seldom stops him from having the last laugh, or getting the multi-million-dollar tax write-off. It wasnt supposed to work out like this. It is scheduled to open in 2020 and will be called the Schwarzman Center. Photograph: Domenico Stinellis/AP Fashion Fashion meets. Residents at 740 Park Avenue began to float the theory that the conservative billionaire on the fourth floor was trying to one-up the conservative billionaire on 15. Dec 29, 2012, 9:00 AM. [28][29] In 2012, Obama called Schwarzman and requested his assistance in brokering a budget agreement with Republicans in congress to avoid a fiscal cliff. The new tax plan added $1 trillion of additional revenue by raising taxes, closing tax loopholes, and ending deductions. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. The son. The total net worth of Stephen Schwarzman is $20 Billion. They also gave about $1 million to the Republican National Committee; its records show those funds went into accounts used for putting on the RNC convention and paying for lawyers. As the founding CEO and chair of the Blackstone Group (the worlds largest buyout firm), Stephen Schwarzman ranks as one of the worlds richest and most controversial figures. His book became a New York Times Best Seller. In 1985, the two decided to join forces and start their own business. Blackstone points out that these sums reflect the fact that Schwarzman . If youre stuck in a dead-end job and desperate to get out, be careful. Much of the cultural vitality of New York has long been due to the benevolence of such great Americans as Brooke Astor and David Rockefeller, Ms. Wintour said in a statement last week. Meet The Wives Of Wall Street. The couple had two children together. [11] In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions. [77] However, the title was included with a dagger next to it, used to indicate that retailers reported receiving bulk purchases. "[36] On August 16, 2017, following five members' resignations, President Trump announced via Twitter he was disbanding the forum. Reps. Sander M. Levin (D-Mich.) and Charles B. Rangel (D-N.Y.) announced a bill increasing the tax rate paid by investment mangers on a portion of their income known as carried interest. While at Lehmans, Schwarzman worked under Chairman and CEO of the group, Peter George Peterson. Susan Mandel also donated $1.3 million to Planned Parenthoods super-PAC. Wedding & Marriage / Husband / Engaged / Spouse / Partner. The two lived in the same Yale dorm, Davenport College, and both are rumored members of the secret Skull and Bones society. Christine, a corporate lawyer, had recently separated from Austin Hearst, the grandson of the media baron William Randolph Hearst. Katarina Martinson Family, Family Tree, Roman Avdeev Life, Family, Business, Net Worth, David M. Overton Chief Executive Officer Of The Cheesecake Factory. Poland? [41], In 2020, Schwarzman donated $15 million to the Senate Leadership Fund,[42] a super-PAC tied to Mitch McConnell. Part 2. Both awards are presented only to those individuals who have significantly contributed to the French nation, making their award to a non-French citizen a vary rare and prized occurrence. The group, which includes JPMorgan Chase CEO Jamie Dimon, Walt Disney boss Bob Iger and former General Electric leader Jack Welch, became Trump's Strategic and Policy Forum. Personal Life, Parents and Family Details : Dear Christine, You sound like the real thing churches try to produce, bringing companies together and getting a lot more done than doing nothing. What is Stephen Schwarzman's net worth and salary? While the couple have no children together, Hearst has one child from a previous marriage. Republican presidential candidate John McCain received $11,200 from Schwarzman, the most of any individual candidate. Born to Jewish parents, Schwarzmans father, Joseph owned a dry-goods store in Philadelphia and his mother was a homemaker. But plans to rename it after him were scrapped when people in the town nearly had a conniption. In 1971, Schwarzman invited Kerry to speak at Harvard Business School.). [4], Schwarzman's first business was a lawn-mowing operation when he was 14 years old, employing his younger twin brothers, Mark and Warren, to mow while Stephen brought in clients. According to Mr. Thomas, Mr. Salovey is right to argue that Mr. Schwarzman is one of many people at Yale with a space named in his honor. Currently, they reside at 740 Park Avenue in a triplex that cost a cool $30 million in 2000. Support. To the delight of Mr. Thomas, the donation still went through. In June, Schwarzman completed Blackstones $4.75 billion initial public offering, the largest so far this year. The economist is married to Christine Mularchuk Hearst , his starsign is Aquarius and he is now 76 years of age. The total estimated net worth of Stephen A. Schwarzman is about $14 billion approximately. The private equity industry tripled its lobbying budget this year, spending over $6.5 million. Laufer and his wife, Marsha, put $2.5 million into a super-PAC supporting Biden and another $1.8 million into a group backing Democrats in the Senate. The brokerage king and his wife, Helen, shied away from supporting Trump directly, while donating millions to committees and super-PACs supporting Republicans running for Congress. We already know about Paul Tudor Jones, Jamie Dimon and Steve Schwarzman because we read . People should just be grateful, she said. He identified as center-right and said the eventual GOP nominee should appeal to independent voters, not the right wing of the Republican Party. His problems all started with one very infamous party. They compare the current tax battle with the fight Microsoft and the technology industry had in the mid-1990s. On 14-2-1947 Stephen Schwarzman (nickname: Stephen ) was born in Philadelphia, Pennsylvania, United States. Five years after his divorce was finalized, Schwarzman married again, this time to intellectual property lawyer, Christine Hearst. He grew Blackstone into the worlds biggest buyout firm, 6. Christine Hearst Schwarzman is an intellectual-property lawyer. Is Stephen Schwarzman Married? Stephen Schwarzman was born on February 14, 1947 in New York, New York, United States, is Chairman and CEO, Blackstone Group. He didnt come to ring the opening bell at NYSE the first day of Blackstone trading, and he sat out the companys first earnings call as a publicly traded company. He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson, former chairman and CEO of Lehman Brothers and US Secretary of Commerce under President Richard Nixon. The Schwarzman's are well known spendthrifts, and much to the great discomfort of everyone else, spend absurd amounts of money on birthday parties, lavish homes, and stone crabs.
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