This guy earned $734m on the back of a record year

Pot Of Gold

It's not all doom and gloom in the financial markets (at least for some).

Steve Schwarzman is pulling ahead as the wealthiest man in private equity after a record year for Blackstone Group.

Bloomberg News reports that the Blackstone co-founder received $645m in dividends on his stock ownership in 2015, according to calculations based on the firm’s annual report filed Friday with U.S. regulators.

Including his cut of deal profits, salary and other compensation, Schwarzman, who owns about 20% of the company, took home $734m, up from $656m the previous year.

Private equity executives are among the wealthiest financiers, with Schwarzman, who grew up in Philadelphia as the son of a dry-goods store owner, ranking 44th in the U.S. on the Bloomberg Billionaires Index with an estimated net worth of $9.5bn. 

Carlyle co-founder David Rubenstein took in $102m in dividends last year, and co-founders Bill Conway and Dan D’Aniello got $97m apiece, according to the firm’s report filed last week with the Securities and Exchange Commission. 

To access the complete Bloomberg News article hit the link below:

Schwarzman Gets $734 Million in Record Year for Blackstone

Slater & Gordon Posts $683 Million Loss on U.K. Unit Writedown

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts