Stephen A. Schwarzman is Chairman, CEO, and Co-Founder of Blackstone. He has been involved in all phases of the firm’s development since its founding in 1985. The firm is now one of the world’s largest alternative asset managers with $310 billion assets under management. The firm invests on behalf of 36 million pensioners globally, as well as academic institutions, charitable organizations and governments around the world.
Mr. Schwarzman is an active philanthropist, with a history of supporting education and schools. Through his philanthropy, he attempts to find transformative solutions to major challenges.
In 2007, he donated $100 million to the New York Public Library, a gift that served as the anchor commitment in a $1 billion fundraising capital campaign to prepare the library to meet the challenges of the 21st century. In 2013, he committed $100 million and is personally leading a campaign to raise an additional $300 million to endow Schwarzman Scholars, a fully funded Master’s degree program at Tsinghua University in Beijing, one of China’s top academic institutions. Modeled on the Rhodes scholarship, Schwarzman Scholars is designed to prepare the next generation of leaders for the challenges of the 21st century and beyond. The program’s academic curriculum was crafted by some of the most talented academic leaders from prestigious universities globally, including Yale, Harvard, Oxford, Stanford, and Cambridge. Mr. Schwarzman also created an endowment to sponsor 200 children a year in perpetuity to attend Catholic schools in New York City, and has also supported international student scholarships.
Mr. Schwarzman is former Chairman of the Board of The John F. Kennedy Center for the Performing Arts. He is a member of The Council on Foreign Relations, Business Council, and Business Roundtable. He serves on the boards of the New York Public Library, Asia Society, The Frick Collection, and New York City Partnership.
International board memberships include: the Shanghai International Financial Advisory Council, China Development Bank International Advisory Committee, and the Advisory Board for the Qatar Foundation for Education, Science and Community Development. In 2007, Mr. Schwarzman was awarded the Légion d’Honneur of France and, in 2010, he was promoted to Officier.
Mr. Schwarzman holds a BA from Yale University and an MBA from Harvard Business School. He has served as an adjunct professor at the Yale School of Management and on the Visiting Committee of Harvard Business School. He currently serves as a member of Harvard’s Global Advisory Council and on the Advisory Board of the School of Economics and Management at Tsinghua University in Beijing.