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Feb 24, 01:15 AM
Blackstone CEO Schwarzman's Income Falls 29% to Below $1bn in 2023
Economics
Business

Blackstone CEO Schwarzman's Income Falls 29% to Below $1bn in 2023

Authors
  • Financial Times
  • Entrepreneur
  • Reuters Business
8

Blackstone CEO Steve Schwarzman received $896.7 million in pay and dividends in 2023, marking a 29% decrease from his earnings the previous year, falling below $1bn. This decline in income comes amidst a backdrop where the world's largest private equity group saw a reduction in profits due to more than halving fees from asset sales. Additionally, a report by C-Suite Comp, analyzed by the Wall Street Journal, highlighted that the number of CEOs earning over $100 million in total compensation dropped to nine in 2022 from twenty in 2021.

Written with ChatGPT (GPT-4).

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