In 2017, Wall Street bosses earn pours. Steve Schwarzman, co-founder of Blackstone Group, earned more than Wall Street.
According to the Blackstone Group’s annual report to the Securities and Exchange Commission (SEC) on March 1, Schwarzman, the co-founder of Blackstone Group, received $ 786.5 million in revenue in 2017, the highest annual revenue he ever made.
Of this total, 661 million U.S. dollars in dividends and 123 million U.S. dollars in shareholding interests are the main reasons for his high income. In addition, his annual salary of 350,000 US dollars, other income of 1,345,000 US dollars.
Blackstone Group is a world-renowned private equity and investment management company, and Schwarzman owns a 19% stake in the company. Continue reading “Blackstone co-founder 2017 revenues nearly 800 million US dollars”