Blackstone CEO Schwarzman received US$896.7 million in pay, dividends in 2023
BLACKSTONE chief executive Steve Schwarzman took home US$896.7 million in pay and dividends last year, a 29 per cent decline from his record take in 2022, according to a regulatory filing on Friday (Feb 23).
Schwarzman reaped over US$1.26 billion in pay and dividends for 2022, including more than US$1 billion in dividends from his shares of Blackstone, the world’s largest private equity firm.
For 2023, dividend payouts accounted for US$777 million of Schwarzman’s total. He also received US$119.8 million in compensation, down 53 per cent from the US$253.1 million he received in 2022, according to the filing.
Schwarzman owns about 231.9 million shares of Blackstone, and the company paid an annual dividend of US$3.35 per share, the filing showed.
Blackstone did not immediately respond to a Reuters request for comment.
Last month, Blackstone reported a 4 per cent rise in its fourth-quarter distributable earnings, as it cashed out on more of its assets across real estate, credit, and hedge funds.
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Distributable earnings, which represent cash used to pay dividends to shareholders, rose to nearly US$1.4 billion in the three months to Dec 31, up from US$1.3 billion a year earlier. RUETERS
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