Blackstone’s Stephen Schwarzman took home a record $1.27bn last year as the real estate-focused private equity firm celebrated a bumper year.
The payout to the firm’s co-founder and chief executive even topped the previous year’s record-breaking $1.1bn.
The payment is not only 272 times the amount earned by the average FTSE 100 boss, it is significantly higher than the $34.5m earned last year by JPMorgan boss Jamie Dimon.
Schwarzman, who founded in Blackstone in 1985 and built it into a global private equity firm managing $975bn of assets, owns 20% of its shares. He was handed a dividend that topped $1bn, with the remainder in incentive fees and $190m in carried interest.
