BLACKSTONE chief govt Steve Schwarzman took residence US$896.7 million in pay and dividends final yr, a 29 per cent decline from his file absorb 2022, in keeping with a regulatory submitting on Friday (Feb 23).

Schwarzman reaped over US$1.26 billion in pay and dividends for 2022, together with greater than US$1 billion in dividends from his shares of Blackstone, the world’s largest personal fairness agency.

For 2023, dividend payouts accounted for US$777 million of Schwarzman’s whole. He additionally obtained US$119.8 million in compensation, down 53 per cent from the US$253.1 million he obtained in 2022, in keeping with the submitting.

Schwarzman owns about 231.9 million shares of Blackstone, and the corporate paid an annual dividend of US$3.35 per share, the submitting confirmed.

Blackstone didn’t instantly reply to a Reuters request for remark.

Last month, Blackstone reported a 4 per cent rise in its fourth-quarter distributable earnings, because it cashed out on extra of its belongings throughout actual property, credit score, and hedge funds.

Distributable earnings, which symbolize money used to pay dividends to shareholders, rose to just about US$1.4 billion within the three months to Dec 31, up from US$1.3 billion a yr earlier. RUETERS