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Stephen Schwarzman Can't Help But Making Money Hand Over Fist: A Continuing Series

2014 Stephen Schwarzman was a regular pauper compared to 2015 Stephen Schwarzman.
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In related news: suck it, Hank Kravis.

The Blackstone co-founder received $645 million in dividends on his stock ownership in 2015, according to calculations based on the firm’s annual report filed Friday with U.S. regulators. Including his cut of deal profits, salary and other compensation, Schwarzman, who owns about 20 percent of the company, took home $734 million, up from $656 million the previous year...Schwarzman, 69, is poised to widen his gap as the wealthiest of the firms’ founders as New York-based Blackstone pays out more of its profits to shareholders than some peers. KKR, run by billionaire founders George Roberts and Henry Kravis, in October instituted a fixed quarterly dividend of 16 cents a share, instead of a payout policy that rises with profits, in an effort to grow its market value by investing more of its earnings in deals and new investment offerings.

Schwarzman Gets $734 Million in 2015 on Record Blackstone Profit [Bloomberg]


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Blacktone Dealmaker: It's Way Harder To Make Money Hand Over Fist These Days

Joe Baratta isn't even sure why he gets up in the morning anymore.

Stephen Schwarzman Supposedly Not Interested In 'Mommy Porn'

50 Shades of Grey is the first book in a trilogy about the relationship between a recent college graduate, Anastasia Steele, and a "young business magnate," Christian Grey, the former being employed as a sex slave of the latter, who has a room in his apartment called the "Red Room of Pain," where his sadomasichistic directives go down. The books have been dubbed "mommy porn" and are apparently huge among married women over thirty who are using the "tantalizing tale to spice up their sex lives." Naturally, the subject came up last night at a party attended by some billionaires and their wives. Stephen Schwarzman [attended the event] with his wife, Christine Schwarzman, who said she's just finished reading the novel "50 Shades of Grey," which is "definitely not for Steve," who likes the thriller writer Lee Child. While the Blackstone CEO maybe be (allegedly) too good for billionaire BDSM tales, we're pretty sure most of his peers have found themselves unable to put the page-turners down and don't care who knows it. To that end, we've sent out detailed questionaires to top CEO and hedge fund managers to find out how many other "out and proud" readers of erotic literature there are among Wall Street's elite. Apparently Jimmy Cayne went through the trilogy in "less than a week." Bill Cunningham on Borrowed Dresses, Charity Galas, Astor [Bloomberg]