Stephen Schwarzman, CEO and co-founder of Blackstone, earned more than one billion dollars in 2024 – an increase of 9 percent compared to the previous year. The majority of his income comes from dividend distributions, which the private equity giant increased by 18 percent. Schwarzman, who holds 19 percent of the company, received a total of 916 million dollars in dividends as well as 84 million dollars from compensation, mostly from "carried interest" earnings.

Blackstone benefited from a recovery in the financial markets and an increase in investment activity. The company sold $87 billion worth of assets in 2024—a 33 percent increase—and raised $171 billion in new investor money. At the same time, Blackstone invested $134 billion, almost at record levels. The increasing returns led the company to once again distribute a large portion of its profits to shareholders in the form of dividends.

Other executives also benefited significantly: President Jonathan Gray earned $247 million, 69 percent of which came from dividends. CFO Michael Chae received $48.9 million, while private equity chief Joseph Baratta took in $60.1 million. Blackstone traditionally relies on high profit distribution, unlike competitors such as KKR or Apollo Global, which retain parts of their profits for future growth.

The strong performance of the Blackstone stock has further increased the wealth of the company's management. In 2024, the market value rose by nearly 50 percent to 214 billion dollars, increasing Schwarzman’s stake to 37 billion dollars. Gray (7 billion dollars) as well as Chae and Baratta, whose shares exceeded the billion-dollar mark for the first time, also benefited from the appreciation.