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

(Reuters) - Alternative asset manager Blackstone (NYSE:BX)’s CEO Steve Schwarzman collected over $1 billion in pay and dividends last year, Bloomberg News reported on Friday.

The company paid $84 million to Schwarzman for 2024, including a base salary of $350,000, it said in a regulatory filing. He earned $916 million in dividends, according to the Bloomberg News report.

A key figure in private equity, Schwarzman has helped turn Blackstone into a financial heavyweight with over $1.1 trillion in assets under management.

Last month, the asset manager beat estimates for fourth-quarter profit, driven by a pickup in dealmaking. Distributable earnings, which represent cash used to pay dividends to shareholders, surged 56% to $2.2 billion or $1.69 per share.

(This story has been corrected to clarify that the $1 billion includes pay and dividends in the headline)

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