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Blackstone boss’ boom year as he earns $213m
THE CO-FOUNDER of Blackstone has become the latest US private equity titan to win a bumper payout with a $213.5m (£133.88m) award in 2011.
Most of Stephen Schwarzman’s package, which rose by a third, came from dividends on his 21 per cent stake in the world’s largest private equity firm and realised investments from funds predating the company’s partial float in 2007.
It comes days after KKR revealed that co-founders Henry Kravis and George Roberts each received about $94m in compensation and cash dividends. Last month Carlyle Group said founders William Conway, Daniel D’Aniello and David Rubenstein received around $200m each.