⬅ # 31 Changpeng Zhao|# 33 Phil Knight

# 32 Stephen Schwarzman 

$39.6B

Real Time Net Worth
as of 4/11/2024
$127.3M (0.32%)

# 32 Stephen Schwarzman 

$39.6B

Real Time Net Worth
as of 4/11/2024
$127.3M (0.32%)
OccupationChair and CEO, Blackstone Group
Source of WealthBlackstone, investments
Age77
ResidenceNew York, New York
Marital StatusMarried
Children3
EducationMBA, Harvard Business School; BS, Yale University
Age-Adjusted Net Worth$12.5B
Stephen Schwarzman
Stephen Schwarzman
United States
Net worth: $39.6B

Self-Made Score 

Wealth History

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Biography

Stephen Allen Schwarzman was born on February 14, 1947, in Philadelphia, Pennsylvania, USA.
He attended Yale University, where he earned a bachelor's degree in 1969.
Schwarzman later pursued an MBA at Harvard Business School, graduating in 1972.
In 1985, he co-founded The Blackstone Group, a global private equity firm, along with Peter G. Peterson.
Under Schwarzman's leadership, Blackstone became one of the world's largest and most successful investment firms.
He has served as the CEO and Chairman of Blackstone, contributing to the firm's significant growth and success.
Schwarzman is known for his philanthropy, making substantial donations to various causes, including education and healthcare.
He donated $100 million to the New York Public Library in 2008, which was named in his honor as the Stephen A. Schwarzman Building.
In 2018, Schwarzman donated $350 million to establish the Schwarzman Scholars program, a global leadership initiative at Tsinghua University in Beijing.
He authored a memoir titled 'What It Takes: Lessons in the Pursuit of Excellence,' sharing insights from his personal and professional life.
Schwarzman has been involved in various advisory roles, including serving on the President's Strategic and Policy Forum under President Donald Trump.

How long would it take you to become as rich as Stephen Schwarzman?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Stephen Schwarzman's net worth of $39.6B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

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Stephen Schwarzman is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Stephen Schwarzman, Blackstone and investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey