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Executive Director of Blackstone Stephen Schwarzman brought home more than $ 1 billion in 2024, as Titan has recorded a private capital increase in revenue in recovery in investment activities in the world’s largest alternative investment group, according to an annual report of the company published late on Friday.
SchwarzmanThe revenue marked a 9 percent increase compared to the previous year, completely encouraged by the growing payment of dividends from its huge share in Blackstone. Blackstone co -founder has 19 percent of the investment group based in New York, and has been receiving hundreds of millions of dollars a year for years in dividends paid from his profits.
Black stone He increased the payments of dividend shareholders by about 18 percent in 2024, because the so -called distributable earnings, metric analysts favored as an intermediary for cash flows, increased for a similar measure. Blackstone is historically paying at least 85 percent of such profits to all their shareholders, which include Schwarzman and many other top executives, such as President Jonathan Gray.
Overall, Schwarzman has received $ 916 million in dividends and $ 84 million in damages, most of which come from the “transferred interest” that Blackstone earns when selling investments profitable. 2023 received about $ 900 million, which is a drop over the previous two years when he took home $ 1.1 billion and $ 1.3 billion.
Gray brought home $ 247 million, and about $ 69 percent came from dividend revenue to his shares. Michael Chae and Joseph Baratta, head of the Blackstone Private Capital, took home $ 48.9 million, or $ 60.1 million.
The Blackstone executives can receive a huge revenue in the good years because the group traditionally pays almost all their profits to shareholders in dividend. Rivals such as Kkr and Apollo Global have more stable dividends policies and retain some of their profit to finance future expansion.
In 2024, Blackstone sold more than $ 87 billion in assets, which is a 33 percent increase compared to the previous year, which prompted the revenue based on the effect that he paid to shareholders in turn. His finances were also strengthened by recovery in the financial markets, which helped Blackstone raise $ 171 billion at New Investor Cash invested $ 134 billion. Both figures were close to record amounts for the group.
“Blackstone has a compensation model focused on performance built on long -term alignment with our investors,” a spokesman said.
The wealth within Blackstone has increased in recent years, fueled by his high supplies assessment after being involved in the popular S&P 500 index in 2023.
The best Blackstone leaders saw Their shares increase by $ 13.5 billion In 2024, as its market value increased by almost 50 percent to $ 214 billion, before it fell a bit this year.
The seizure attacks created shares of $ 1 billion for a wide group of executives outside Schwarzman and Gray, who have shares worth $ 37 billion and $ 7 billion. Chae and Baratta alone exceeded their shares last year $ 1 billion. Each of them currently owns shares worth about $ 1.1 billion, according to securities.
