PERSON: Stephen Schwarzman


Employer

Blackstone Group
Position

Chairman, CEO, & Co-Founder
Biography

Stephen Allen Schwarzman (born February 14, 1947) is an American businessman and philanthropist. He is the chairman and CEO of the Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson. Schwarzman was chairman of President Donald Trump’s Strategic and Policy Forum.

According to Forbes, Schwarzman has a net worth of US$43 billion as of May 2025.

Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman. His father owned Schwarzman’s, a former dry-goods store in Philadelphia, and was a graduate of the Wharton School.

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