Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone and the Chairman of the board of directors of its general partner, Blackstone Group Management L.L.C. He has been involved in all phases of the firm’s development since its founding in 1985.
Mr. Schwarzman began his career at Lehman Brothers, where he was elected Managing Director in 1978 at the age of 31. He was engaged principally in the firm’s mergers and acquisitions business from 1977 to 1984, and served as Chairman of the firm’s Mergers & Acquisitions Committee in 1983 and 1984.
Mr. Schwarzman is Chairman of the Board of The John F. Kennedy Center for the Performing Arts. He is a member of The Council on Foreign Relations and The Business Council. He is on the board of The New York Public Library, and The Asia Society. He serves on The JP Morgan Chase National Advisory Board, The New York City Partnership Board of Directors and The Advisory Board of the School of Economics and Management, Tsinghua University, Beijing. Mr. Schwarzman is a Trustee of The Frick Collection in New York City. He also was awarded the Légion d’honneur by President Jacques Chirac.
Mr. Schwarzman holds a BA from Yale University and an MBA from Harvard Business School. He has served as an adjunct professor at the Yale School of Management and on the Harvard Business School Board of Dean’s Advisors.
Stephen Schwarzman, Chairman and CEO of the financial services corporation, The Blackstone Group L.P., talks about directing $300 million to an international scholarship program in China, and his views on the state of the US economy.
Stephen Schwarzman heads one of Wall Street’s most successful private equity firms, The Blackstone Group, which he launched together with Peter Peterson in 1985. Today with assets under management in excess of $98 billion, it is the largest firm in its field. According to Forbes Magazine, Schwarzman himself is a multibillionaire.