Blackstone CEO Schwarzman’s pay and dividends top $1 billion in 2024, Bloomberg News reports

(Reuters) – Alternative asset manager Blackstone’s Ceo Steve Schwarzman collected more than $ 1 billion salary and dividends last year, Bloomberg News reported.

The company paid $ 84 million to Schwarzman for 2024, including a basic salary of $ 350,000, according to a regulatory presentation. According to Bloomberg News Report, he scored a dividend of $ 916 million.

The main figure of the private capital, Schwarzman helped Blackstone to turn into severe financial weight, more than $ 1.1 trillion in control assets.

Last month, the asset manager is calculated according to the fourth quarter’s profit evaluation, which is done through pickup. Distributable earnings, which represents cash used to shareholders by 56% to $ 1.69 per share.

(This story has been corrected to clarify that $ 1 billion in Titles Payment and dividends)

(Report in “Nikett Nikhant” in Bengaluru. Editing by Shounak Dasgupta)