Stephen Schwarzman BIOGRAPHY | American Businessman | Donald Trump Friend | Lifestyle | Major Work

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Stephen Schwarzman BIOGRAPHY
Stephen Allen Schwarzman (born February 14, 1947) is an American businessman, investor, and philanthropist.
He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with former chairman and CEO of Lehman Brothers and US Secretary of Commerce Pete Peterson.
His personal fortune is estimated at $17.2 billion as of October 2019. As of 2019, Forbes ranked Schwarzman at 100th on its World's Billionaires List.
Schwarzman briefly served as Chairman of President Donald Trump's Strategic and Policy Forum.
Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman.
Schwarzman's first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank which merged with Credit Suisse in 2000.
When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion.
Schwarzman is a Republican. He is a long-time friend of President Donald Trump and provides outside counsel, and served as chair of Trump's Strategic and Policy Forum.
In early 2008, Schwarzman announced that he contributed $100 million toward the expansion of the New York Public Library, for which he serves as a trustee.
Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010.
In December 2018, Schwarzman was awarded the Order of the Aztec Eagle, Mexico's highest honor for foreigners, by President Enrique Peña Nieto in recognition of Schwarzman's work on behalf of the U.S. in support of the U.S.-Mexico-Canada Agreement.




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