How rich is Stephen A. Schwarzman?
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Stephen Allen Schwarzman (created February 14, 1947) is an American business magnate and investor. His personal fortune is estimated at $12 billion, according to “Forbes”.
After business school, Stephen A. Schwarzman began working in the investment bank Lehman Brothers, where he attained the position of managing director at age 31. He finally became the head of Lehman Brothers’ international mergers and acquisitions team. In 1985, Schwarzman and his manager Peter Peterson began Blackstone, which initially focused on mergers and acquisitions. Having an estimated present net worth of around $4.7 billion, Schwarzman was rated by Forbes as the 52nd-wealthiest man in America in 2011. He lives in a big apartment on Park Avenue in The Big Apple, formerly possessed by the Mayflower descendent George Brewster and John D. Rockefeller Jr. Schwarzman purchased it from Saul Steinberg in 2000 for just under $30 million. Nevertheless, an article in The New Yorker asserts the flat was bought for $37 million. On 13 February 2007, Stephen A. Schwarzman celebrated his 60th birthday in the Armory on Park Avenue. The climax of the evening was a half hour live performance by Rod Stewart, that he was allegedly paid $1 million.