Stephen Schwarzman

Stephen A. Schwarzman, Blackstone’s cofounder, chairman, and CEO, has built the firm into the world’s largest alternative investment manager. Since its founding in 1985, Blackstone has grown to manage more than $1.17 trillion in assets and generated $13.2 billion in revenue in 2024, up from $8 billion in 2023. In June 2025, Schwarzman announced that Blackstone will invest up to $500 billion in Europe over the next decade, marking a significant escalation in the firm’s European presence. Beyond his leadership in finance, Schwarzman is also a major force in AI. In July 2025, Blackstone announced a $25 billion investment to develop digital and energy infrastructure in Pennsylvania, aimed at supporting America’s AI future. This initiative is expected to catalyze an additional $60 billion in investments and create thousands of jobs. Though Schwarzman’s likely successor, Jonathan Gray, has eased closer to leading the firm, Schwarzman, now in his late seventies, remains a powerful presence on Wall Street.