The Face in Charge of the Astounding Success of the Blackstone Group
The story of Stephen A. Schwarzman is one of success and dedication. Forbes Magazine named Stephen the fifty third richest individual in the United States of America in 2008, nevertheless it’s his patronage of the liberal arts and his outstanding success that show him to be such a fascinating character. The Blackstone Group financial giant is an inspiration and further proof that dedication and hard work are pivotal in achieving success.
In the eighties Steve founded the Blackstone Group with his business partner Peter Peterson; initially as a private equity management and financial advisory business. Nowadays the Blackstone Group is a household name with investments as widely spread as, for example, the Hilton Hotels Group and Celanese, to name but a few.
After calling Philadelphia home for much of his childhood and adolescence, Stephen Schwarzman went to high school in the School District of Abington. When he finished high school he opted for an undergraduate program at Yale University. He set about taking a master’s degree at the well acclaimed Harvard Business school near Boston, Massachusetts. After completing his education, Stephen started his career in investment banking at Lehman Brothers. He was given the job title of managing director at the unusually early age of only thirty one.
Not only does Stephen give of his time and money to a variety of not for profit organizations, but he has also been a part-time professor at Yale. He is the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in New York, New York. In addition, he proudly announced on March 11, 2008 that he had bequeathed $100 million to the New York Public Library to support their building project. Stephen also serves on their board of trustees.
Stephen A. Schwarzman is nowadays a role model to a new generation of Americans: he was described as one of Time Magazine’s 100 Most Influential People in the World in acknowledgement of his many attainments and influence on the business world. His rise in the financial industry has certainly been nothing short of amazing, not to mention the fact that his continuous support of music and the liberal arts has encouraged the business community at large.
So the business community waits with interest breath to see what Stephen will do next. Stephen Schwarzman is doubtless a captivating business man who has made his mark on the United States and the business community all over the world.
