Stephen A. (Steve) Schwarzman

Stephen A. (Steve) Schwarzman
Co-Founder, Chairman and CEO, Blackstone Group LP

Last Updated: 06/14/2018

Executive Summary

Steve Schwarzman serves as the Chairman, CEO and Co-Founder of The Blackstone Group, a New York City-based private equity, investment banking, alternative asset management and financial services firm. Schwarzman has been involved in all phases of the firm’s development since he founded it in

Personal Attributes and Interests

  • Schwarzman is married, to Christine Hearst, an intellectual-property lawyer who grew up on Long Island. They wed in 1995. She has one child from a previous marriage and is the ex-wife of Austin Hea

Current Focus

  • Mantra: Schwarzman, who co-founded Blackstone in 1985, wanted the firm to be in the business of starting new businesses to stay ahead of the pack, a principle he learned as a young

Key Challenges

  • Anticipating the Next Crisis: "After the financial crisis, a focus on safety and soundness was good medicine for the financial system," Schwarzman wrote in the Wall Stree

Biographical Highlights

  • Born February 14, 1947 in Philadelphia, Pennsylvania.
  • Schwarzman earned a Bachelor of Arts degree from Yale University in 1965 and an MBA from Harvar

Other Boards and Organizations

  • Former Member, National Advisory Board, JPMorgan Chase & Co
  • Former Member, Dean’s Advisory Board, Harvard Business School

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