The Face in Charge of the Blackstone Group’s Unprecedented Success
October 14th, 2009Here is Stephen A. Schwarzman’s story. Forbes ranked him as the 53rd most well-to-do individual in the US recently, yet it isn’t only money which makes this story so fascinating but Steve’s unbelievable rise to power in the financial sector and his generosity to society. His incredible story has affected people globally and it serves as a reminder that anyone may be a success with only a bit of commitment. In the 1980’s he established the Blackstone Group with his business partner Peter Peterson; initially it was a private-equity management and financial advisory business. The business has grown from strength to strength and these days is a world leader in m&a.
Spending many of his early years in Pennsylvania, Steve got his schooling in the Abingdon school district. Subsequent to finishing high school he chose undergraduate study at Yale. Harvard Business School was the very next stop on his fast track to success, here he received his Master’s degree in Business Administration in 1972. After concluding his higher education, Steve started a job in investment banking at Lehman Brothers. By the age of thirty one, he had already been appointed one of their managing directors. Steve Schwarzman gives financial support to a variety of liberal arts as well as serving as an associate professor at the esteemed Yale School of Management. He is the Chairman of the Board of Trustees of the John F. Kennedy Center for the Performing Arts in New York City. In addition, he told the media in March of 2008 that he was gifting $100 million to the New York Public Library to assist their construction plans. In fact, the library named their new extension after him. So it comes as no surprise that, the elite of America look to Stephen A. Schwarzman for encouragement — As one of Times Magazine’s 100 Most Influential People on the planet, Steve is nowadays in the center of media attention and influencing people globally. His rise in the financial sector has been astounding, not to mention the fact that his unceasing support of music and the liberal arts has doubtlessly been an encouragement to everyone around him. When you consider all his knowledge and experience, it appears as if there is nothing he can’t achieve. So, to summarize, Steve is an individual who has taken each opportunity offered to him, however, in return he has at the same time used his money as a means to bolster his community.
