Stephen Schwarzman Net Worth : $10 Billion
Stephen Schwarzman is an American businessman and a self-made billionaire. He has been serving as the Chairman of Blackstone Group, which he co-founded in the year 1985 with $400,000 as the only capital in the balance sheet. Currently, the firm manages up to $266 billion in assets. For the first time since 2007, the shares soared in a year, beating the company’s IPO price of $31 billion.
This helped to push Schwarzman’s fortune by $2 billon. Schwarzman has invested in properties, including a palatial estate in the Hamptons, Tropez, a Park Avenue apartment, a Villa in Jamaica and Palm Beach.
In 2008, this avid philanthropist donated a total of $100 million for the New York Public library. He currently plans to spend another $100 million towards starting a Rhodes Scholar-like program.
This is aimed at sending at least 200 students every year from all over the world to China to study at Tsinghua University. In addition to that, Schwarzman is helping to raise another $200 million for the program which earned the approval of President Obama and Chinese President Xi Jinping.
Schwarzman has a Master of Business Administration from Harvard University and a Bachelor of Arts / Science from Yale University. The billionaire and philanthropist is married with three children. Together with his wife, they send hundreds of children to schools within New York each year.
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