Friday, 26 December 2014
Last updated 2 days ago
Mar 3 2014 | 12:57pm ET
Blackstone Group founder and CEO Steven Schwarzman earned nearly $375 million last year as his firm sold off $38 billion in assets last year.
The lion's share of Schwarzman's money in 2013 came from cash distributions totaling $352.2 million—his share of Blackstone's investing success, stemming from his investments in Blackstone's fund. Schwarzman also received $21.6 million in carried interest and a $350,000 salary, Blackstone said in a Securities and Exchange Commission filing.
The total amounts to a 76% increase in Schwarzman's take-home from 2012.
Blackstone posted $3.5 billion in economic net income last year, also a 76% jump from the prior year. Distributable earnings were up 66%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.