Stephen Schwarzman built one of the world’s largest private equity firms. Now he’s reportedly focused on building one of the biggest philanthropic foundations.
Schwarzman in 1985 cofounded Blackstone, which now has more than $1.3 trillion in assets under management, and he reportedly aims to build a top 10 philanthropy focused on AI and education. The private equity billionaire and his team are planning an expansion of his foundation, which had $65 million in total assets as of 2024.
