Stephen Schwarzman, co-founder and chief executive officer of Blackstone Group, received $213.3m in pay and cash dividends last year, the private-equity firm reported yesterday in a filing, almost matching his payout of $213.5m a year earlier.
Bloomberg reports that Schwarzman, 66, was paid a $350,000 salary and $8.1m from his share of the firm’s profits, known as carried interest. He got $204m in cash dividends from his ownership of Blackstone stock, according to the filing.
The co-founder also received $800,000 in distributions from funds started before the company went public in 2007, called legacy funds. That amount was $74m in 2011.
Tony James, Blackstone’s president and chief operating officer, got $66m during the year. That included a $350,000 salary, a $30.1m bonus and $2.8m in carried interest, with the remainder coming from dividends on his stock ownership. Tom Hill, head of Blackstone’s asset-management business, known as BAAM, received $28.3m, including a $350,000 salary, a $7.2m bonus and a $6.1m stock award, with the remainder in the form of stock dividends.
Hit the link below to access to access the complete Bloomberg article: