Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed.
Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his Blackstone shares, a regulatory filing showed on Friday. His net worth is currently pegged by Forbes at $22.3 billion.
Blackstone President Jonathan Gray, Schwarzman’s No. 2, took home at least $216.1 million in 2020, consisting of $123.2 million in compensation and $92.8 million in dividends from the company’s shares he owns, the filing showed. Gray, 51, has a net worth of $4.5 billion, according to Forbes.
KKR & Co Inc co-founders and co-Chief Executives Henry Kravis and George Roberts collected at least $81.3 million and $85.4 million respectively, primarily from their holdings in the firm, a regulatory filing showed.
Source: Reuters
Reporting by Chibuike Oguh in New York; Editing by Dan Grebler
