Stephen Schwarzman — the Biography of Blackstone Group’s Co-Founder
Here is Stephen Schwarzman’s story. Recently Stephen was ranked fifty three on the list of the most wealthy people in America, still it is his patronage of the arts and his astounding business accomplishments that show him to be such a magnetic person. This Blackstone Group magnate is an inspiration and his life goes to prove that dedication and hard work are the keys to achieving success. In the 1980’s he co-founded the Blackstone Group with his business partner Peter Peterson; initially as a private equity and financial advice business. These days the Blackstone Group is a household name engaged in holdings as variegated as, for example, Catalent Pharma Solutions and Universal Studios Parks.
After calling Pennsylvania home for much of his young life, Stephen A. Schwarzman went to high school in the Abington School District. When he graduated from high school he decided to study at the exalted Yale University and got his bachelor’s degree in 1969. He took on an MBA at the venerable Harvard Business school in Cambridge, Massachusetts. After finishing his education, Stephen started a job in investment banking. He was assigned the job title of managing director at the age of thirty one. Stephen Schwarzman gives financial support to a wide variety of educational programs as well as teaching as an assistant professor at the esteemed Yale School of Management. Furthermore, he serves as the Chairman of the Board of Trustees of the John F. Kennedy Center for the Performing Arts in New York. On top of all that, he announced in March of 2008 that he had donated a hundred million dollars to the New York Public Library to help them extend. In fact the NYPL called their new extension after him.
That’s why, American society looks to Stephen A. Schwarzman for encouragement — Times Magazine last year appointed him as one of the one hundred most influential people alive today. His quick rise in the financial world is nothing short of stunning, and without a shadow of a doubt his willingness to give back to his community has given Americans a way more challenging benchmark to strive for from now on. Considering all his wisdom and dedication, it appears as if there isn’t anything he can’t achieve. Stephen A. Schwarzman is doubtless a fascinating businessman whose influence can certainly be seen in the US and the financial community globally.
