Stephen Schwarzman
Occupation: Investments
Gender: Male
Age: 73 years old
Birth Day: February 14, 1947
Birth Place: New York, New York
Nationality: United States
Zodiac Sign: Pisces

Stephen Schwarzman Social Accounts

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    Stephen Schwarzman Net Worth

    Stephen Schwarzman is a famous 73 years old Investments. He was born on February 14, 1947 in New York, New York, United States. Stephen Schwarzman Net Worth 2020: $18.4 Billion.
    Zodiac sign: Pisces. Nationality: United States.

    With the net worth of $18.4 Billion, Stephen Schwarzman is the #81 richest person on earth all the time.

    Physique

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    Net Worth

    Stephen Schwarzman Net Worth 2020

    $18.4 Billion

    Salary 2020

    Not known.

    Stephen Schwarzman Net Worth Detail

    According to Forbes, he had a net worth of $12.4 billion as of August 2018, increasing to $19 billion as of October 2020. In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of the year. In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. In 2004, Schwarzman donated a new football stadium to Abington Senior High School—the Stephen A. Schwarzman Stadium. In 2007, Schwarzman was listed among Time's 100 Most Influential People in The World.

    Stephen Schwarzman Cars

    Not Known.

    Stephen Schwarzman Real Estate

    Not Known.

    Biography

    Biography Timeline

    1965

    Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965. He attended Yale University, where he was a member of senior society Skull and Bones. After graduating in 1969, he briefly served in the U.S. Army Reserve before attending Harvard Business School, where he graduated in 1972.

    1971

    Schwarzman married his first wife Ellen Philips in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center, and they divorced in 1990. They have three children together, including film producer Teddy Schwarzman and writer and podcaster Zibby Owens.

    1995

    Schwarzman married his second wife Christine Hearst in 1995, an intellectual-property lawyer who grew up on Long Island, New York. She has one child from a previous marriage.

    1999

    In 1999, Schwarzman received the American Academy of Achievement's Golden Plate Award.

    2000

    Schwarzman's first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank which merged with Credit Suisse in 2000. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions. In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions. Blackstone would branch into business acquisition, real estate, direct lending, alternative assets, and now has some $500 billion in assets under management.

    2007

    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.

    In June 2007, Schwarzman described his view on financial markets with the statement: "I want war, not a series of skirmishes... I always think about what will kill off the other bidder."

    2008

    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. The central reference building on 42nd Street and Fifth Avenue was renamed The Stephen A. Schwarzman Building. In 2018, Schwarzman donated 10 million to another library, the Israeli National Library.

    2010

    In August 2010, Schwarzman compared the Obama administration's plan to raise the tax rate on carried interest to a war and Hitler's invasion of Poland in 1939, stating, "It's a war. It's like when Hitler invaded Poland in 1939." Schwarzman later apologized for the analogy. In 2012, Obama called Schwarzman and requested his assistance in brokering a budget agreement with Republicans in congress to avoid a fiscal cliff. Eventually a deal was brokered with Schwarzman's help. The new tax plan added $1 trillion of additional revenue by raising taxes, closing loopholes, and ending deductions. Obama later drafted a formal message of support for Schwarzman Scholars, an education initiative undertaken by Schwarzman.

    2011

    In September 2011, Schwarzman was listed as a member of the International Advisory Board of the Russian Direct Investment Fund.

    In 2011, The Wall Street Journal reported on the vast water consumption of wealthy Palm Beach residents during exceptional drought conditions. Schwarzman was listed as a top-five water user, having consumed 7,409,688 gallons between June 2010 and May 2011. The average Palm Beach resident consumes 108,000 gallons per year.

    2013

    On April 21, 2013, Schwarzman announced a $100 million personal gift to establish and endow a scholarship program in China, Schwarzman Scholars, modeled after the Rhodes Scholarship program. Schwarzman simultaneously announced a fundraising campaign with a goal of $200 million. The Schwarzman Scholars program is housed at Tsinghua University. Since its inception, the program has maintained ties to the United Front Work Department as well as other organizations and personnel affiliated with the Chinese Communist Party.

    2014

    According to Forbes, he had a net worth of $12.4 billion as of August 2018, increasing to $19 billion as of October 2020. In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of the year. In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. In 2004, Schwarzman donated a new football stadium to Abington Senior High School—the Stephen A. Schwarzman Stadium. In 2007, Schwarzman was listed among Time's 100 Most Influential People in The World.

    2015

    In spring 2015, Peter Salovey, the President of Yale University, announced that Schwarzman contributed $150 million to fund a campus center in the university's historic "Commons" dining facility. Additionally, Schwarzman is also a member of the Berggruen Institute's 21st Century Council.

    2016

    In early 2016, he said that in a two-candidate race he would prefer Donald Trump to Ted Cruz, saying that the nation needed a "cohesive, healing presidency, not one that's lurching either to the right or to the left." He had previously made a donation to Marco Rubio in 2014. He also endorsed and fundraised for Mitt Romney in 2012.

    In late 2016, Schwarzman "helped put together" a team of corporate executives to advise Trump on jobs and the economy. The group, which includes JPMorgan Chase CEO Jamie Dimon, Walt Disney boss Bob Iger and former General Electric leader Jack Welch, became Trump's Strategic and Policy Forum. In February, Schwarzman was named as chair of the 16-member President's Strategic and Policy Forum, which brings together "CEOs of America's biggest corporations, banks and investment firms" to consult with the President on "how to create jobs and improve growth for the U.S. economy." On August 16, 2017, following five members' resignations, President Trump announced via Twitter he was disbanding the forum.

    2018

    In December 2018, non-profit consumer advocacy organisation, Public Citizen, published a report titled: "'Self-Funded' Trump Now Propped Up By Super PAC Megadonors." The report disclosed that Schwarzman donated $344,000 to Trump’s re-election campaign. Following his election, Trump appointed Schwarzman as the chairman of the White House Strategic and Policy Forum.

    In early 2018, it was announced that Schwarzman gave $25 million to Abington High School, his alma mater. However, this donation was contingent on several conditions, including naming rights to the school. After the public learned about the deal, a new agreement was made and Schwarzman removed several of the conditions for his donation, including renaming the school.

    In October 2018, Schwarzman donated $350 million to the Massachusetts Institute of Technology to create the Schwarzman College of Computing.

    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.

    2019

    In 2019 and 2020, he made two contributions of $500,000 each to the 1820 PAC, a PAC created solely to support the re-election of Senator Susan Collins of Maine.

    In June 2019, the University of Oxford announced that Schwarzman had donated £150 million to establish the Schwarzman Centre for the Humanities.

    In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, "which draws from his experiences in business, philanthropy and public service." His book became a New York Times Best Seller.

    2020

    In August 2020 Schwarzman donated $10 million to the Senate Leadership Fund, a super-PAC tied to Mitch McConnell.

    Schwarzman announced in February 2020 that he had signed The Giving Pledge, committing to give the majority of his wealth to philanthropic causes.

    In October 2020, Schwarzman pledged to give $8 million to the USA Track and Field Foundation in the runup to the 2021 Tokyo and 2024 Paris Olympics.

    🎂 Upcoming Birthday

    Currently, Stephen Schwarzman is 73 years old. Stephen Schwarzman will celebrate 74th birthday on Monday, February 14, 2022. Below we countdown to Stephen Schwarzman upcoming birthday.

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    Birthday Highlights

    70th birthday - Tuesday, February 14, 2017

    Reports: Trump Economic Advisor Throws Multimillion-Dollar Birthday Bash With Camels and Gwen Stefani

    "It was extraordinary. Steve loves parties."

    Stephen Schwarzman 70th birthday timeline

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