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Fortune
Fortune
Emma Burleigh

Blackstone CEO took home $1.2 billion last year after going ‘max everything’ with work—but he wouldn’t advise his children to put themselves under so much pressure

Blackstone CEO Stephen Schwarzman (Credit: Jason Alden—Bloomberg/Getty Images)

The world’s most powerful business leaders enjoyed eye-watering pay bumps in 2025. And Blackstone cofounder and CEO Stephen Schwarzman had a particularly great year, taking home $1.24 billion last year, thanks to the asset management titan’s record profits. 

It’s a 20% bump from the year before, the majority of which came from dividends, and almost reached his 2022 high of $1.27 billion. 

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