Friday, March 1, 2024
Business News

Blackstone CEO Schwarzman earned record ₹10,530 crore in 2022

In 2022, Steve Schwarzman, the CEO of Blackstone, had a really good year. He earned a massive $1.27 billion, which is about ₹10,532 crore! That’s a record amount of money for him.

Now, you might be wondering how someone can earn so much money in just one year. Well, it turns out that Schwarzman owns a 20% stake in Blackstone. That means he’s one of the company’s biggest shareholders. And in 2022, Blackstone did really well, which means the company paid out big dividends to its shareholders. Schwarzman got about $1 billion of those dividends, which is a huge amount of money.

But that’s not all. Schwarzman also got paid a lot of money in salary and other compensation. In total, he earned $253.1 million just for being the CEO of Blackstone. That’s a lot more than most people make in a lifetime!

It’s worth noting that Schwarzman is one of the highest-paid people on Wall Street. In fact, he’s one of the highest-paid CEOs in the world. He’s been the CEO of Blackstone since the company was founded in 1985, and he’s done a really good job of growing the company over the years.

So, what does Schwarzman do with all that money? Well, he’s got a net worth of $30.6 billion, so he’s definitely not hurting for cash. He’s known for being a big philanthropist, which means he gives a lot of money to charity. He’s donated millions of dollars to causes like education, healthcare, and the arts.

Of course, not everyone is happy about Schwarzman’s massive income. Some people think that CEOs like him are paid way too much money, especially when so many people are struggling to get by. But others argue that Schwarzman deserves his massive income because he’s been so successful at running Blackstone.

Either way, it’s clear that Schwarzman had a really good year in 2022. Who knows how much money he’ll make this year?