Stephen Schwarzman, the CEO of the world’s largest private equity firm, Blackstone, earned $896.7m in pay and dividends in 2023, an almost 30% decline from the record $1.26bn he took home in 2022, according to a report by Reuters.
The report cites a regulatory filing as revealing that dividend payouts in 2023 accounted for $777m of his earnings — down from more than $1bn in 2022. He also received $119.8m in compensation — 53% less than the $253.1m he received in 2022.
According to the filing, Schwarzman owns about 231.9m shares of Blackstone, and the company paid an annual dividend of $3.35 per share.
