KKR co-founders Henry Kravis and George Roberts each earned more than $100mn in 2021 as buoyant financial markets caused the private equity group’s profits to soar.

The hauls of Kravis and Roberts disclosed in KKR’s annual report on Monday came from about $67mn in “carried interest” pay that each received and over $40mn in dividends because of their ownership of about 10 per cent of the group’s shares.

Their payout paled in comparison to Stephen Schwarzman, the founder of KKR rival Blackstone Group, who received a record $1.1bn in 2021. But it far surpassed the pay of bosses at top Wall Street banks, underscoring a shift in money and power towards fast-growing alternative asset management firms.

Read more: Financial Times