Blackstone, KKR Execs. Made Tens (Or Hundreds) Of Millions In '11

Feb 29 2012 | 4:31am ET

Last year was a good one to be the founder of a prominent private equity fund.

Blackstone Group founder Stephen Schwarzman took home almost $150 million in 2011, while two Kohlberg Kravis Roberts founders each pocketed just under $100 million. Word of those paydays comes a month after it was revealed that the Carlyle Group's three founders split more than $400 million last year.

Just $350,000 of Schwarzman's $148.5 million came in the form of salary. Most of Schwarzman's income came from distributions from Blackstone funds, which accounted for $74 million, and dividends from his stake in the firm, which totaled $69.6 million, Blackstone said in a regulatory filing.

Schwarzman also earned $4.6 million in carried interest, his share of Blackstone's profits.

Other top Blackstone execs. had to settle for a good deal less. President Tony James earned $41.1 million and real estate chief Jonathan Gray, a new member of the firm's board of directors, $36.5 million. Like Schwarzman, each earned just $350,000 in salary, with James pocketing a $26.2 million bonus and Gray $21.4 million.

KKR's Henry Kravis and George Roberts each took home $94 million in 2011, the New York-based firm said in its own Securities and Exchange Commission filing. About one-third of that, $29.9 million, was in the form of compensation: $300,000 in salary, $29.3 million in carried interest. The rest came from dividends.

The eight-figure payout amounts to a 30% raise for the two.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note