economy. When Schwarzmans earnings were revealed in 2007, critics were quick to attack what they considered his history of financial excess. Its like when Hitler invaded Poland in 1939. The attendees were understandably a little bemused. [34][35] In February, Schwarzman was named as chair of the 16-member President's Strategic and Policy Forum, which brought together "CEOs of America's biggest corporations, banks and investment firms" to consult with the president on "how to create jobs and improve growth for the U.S. He is known as the CEO and Chairman of the Blackstone Group, a financial advisory and global private equity firm he Co-founded with Pete Peterson. But even if you dont count the billion-plus dollars that went to his own campaign, Bloomberg still would have donated more than all but two billionaires to the 2020 election. He and his wife, Andrea, put more money into the 2020 election than ever before, funneling over $10 million into super-PACs that spent big on the Georgia Senate race. Schwarzman attended school at Hofstra University and received her law degree from New York University. What happened to Christie Hearst Schwarzman? Rachel Maddow has recently been getting more than her usual amount of media attention as her MSNBC show, The Rachael Maddow Show has been deemed to be too far left by The New York Times. In fact, a number of the donations are relatively modest in comparison to their outsize fortunes. Instead, he focused on Congress, dumping $37 million into a super-PAC supporting Senate Republicans and another $10 million to a group backing House Republicans over the last two years. As well as receiving the two highest honors bestowed on individuals by the French government, Schwarzman has also been privileged with Mexicos highest honor for foreigners, the Order of the Aztec Eagle. In recognition of his vast and varied contributions to business and philanthropy, Schwarzman has achieved what precious few Americans have: the dual honor of being awarded both the Lgion dHonneur and the Ordre des Arts et des Letters at the Commandeur level. Stephen Schwarzman Net Worth 2023: Wiki, Married, Family, Wedding Hes a killer (figuratively speaking), 19. One of its major lobbyists is fellow Pioneer and well-connected Ogilvy Managing Director Wayne Berman. Christine, a corporate lawyer, had recently separated from Austin Hearst, the grandson of the media baron William Randolph Hearst. Just three years ago, Schwarzman joked hed fancy a high-level appointment in the second Bush administration. Stephen was born on 14 February, 1947 in Philadelphia, Pennsylvania and went on to graduate from the prestigious Yale University and the Harvard Business School. [15][16] He ultimately received $684 million for the part of his Blackstone stake he sold in the IPO, keeping a stake then worth $9.1 billion. Let us now look at the illustrious Schwarzman Family. His mentor, Blackstone Senior Chairman Pete Peterson (estimated net worth: $2.5 billion), is even more connected in Washington. Both awards are presented only to those individuals who have significantly contributed to the French nation, making their award to a non-French citizen a vary rare and prized occurrence. Schwarzmans career has involved more than the occasional controversy, so he was well equipped to deal with the criticism he faced after coming out in support of President Trump. He also gave $2 million to a group supporting one particular Republican senator, Susan Collins of Maine. [22][23], Schwarzman is a Republican who favors lower taxes, lower government spending, and women's rights. A fourth, Howard Schultz, flirted with the idea. His first wife was Ellen Philips, whom he had met while studying at Harvard. Stephen Schwarzman Bio: One of New York's Wealthiest Businessmen In 1995 he married a lawyer named Christine Hearst. The group, which includes JPMorgan Chase CEO Jamie Dimon, Walt Disney boss Bob Iger and former General Electric leader Jack Welch, became Trump's Strategic and Policy Forum. Hedge fund heavyweight Griffin, a Mitt Romney supporter in 2012, didnt donate directly to Donald Trumps campaigns in 2016 or 2020. [45] Saul Steinberg sold the apartment to Schwarzman. They donated money, too. His salary was $734.2 million in 2015, $425 US million in 2016, and $786 US million in 2017. [Billionaires] get an outsize influence at what isto themjust an incredibly affordable rate.. She has a child from a previous marriage. You may also like. Andrew Clark, "The Guardian profile: Stephen Schwarzman". Mr. Schwarzman and President Trump at a White House meeting with business leaders last year; Mr. Schwarzman is an adviser to the president. The job puts him at the hub of the Washington social scene and traditionally serves as an entree into town. That was its own kind of a leveraged buyout. However, this donation was contingent on several conditions, including naming rights to the school. Stephen Schwarzman Facts & Wiki First: New York City has more residents worth at least $30 million than any metropolis on planet Earth, but it still regards itself as a progressive enclave. There was a guy named Andrew and this lady who edits a magazine, Cardinal Dolan said in an interview. [71][72], In 2011, The Wall Street Journal reported on the vast water consumption of wealthy Palm Beach residents during exceptional drought conditions. Obama later drafted a formal message of support for Schwarzman Scholars, an education initiative undertaken by Schwarzman. [7][8][9] After graduating in 1969, he briefly served in the U.S. Army Reserve before attending Harvard Business School, where he graduated in 1972. Net Worth 2019 is. Mr. Schwarzmans charitable contributions have ignited controversy. He started off with a job at Donaldson, Lufkin & Jenrette, an investment bank and soon rose to the rank of Managing Director at the Lehman Brothers, aged just 31. Some of his most fabulous shindigs have included a Christmas event based around a 007 theme (complete with Bond Girl waitresses), and a birthday celebration that saw his Park Avenue apartment recreated down to the very last detail at a regimental armory on Manhattans upper east side. Wall Street Wives - Business Insider Or a little more than twice as much as Joe Bidens campaign. However, he stopped short of criticizing Trump over the riot. Last Valentines Day, Schwarzman reportedly spent $3 million on a lavish birthday bash. He identified as center-right and said the eventual GOP nominee should appeal to independent voters, not the right wing of the Republican Party. Stephen and Christine Hearst Schwarzman, center, with a group of more than 90 beneficiaries of the Inner-City Scholarship Fund. 816 Christine Schwarzman Photos and Premium High Res Pictures - Getty Images CREATIVE EDITORIAL VIDEO All Sports Entertainment News Archival Browse 816 christine schwarzman photos and images available, or start a new search to explore more photos and images. The previous chairmen are Roger L. Stevens, Ralph P. Davidson, James D .