This is Stephen Schwarzman’s story. Forbes placed him as the fifty third most wealthy individual in the US recently, even so it is his astounding generosity to education and the arts and his incredible business success that show him to be such a magnetic person. The Blackstone Group co-founder is inspiring and his life goes to prove that success may be achieved by effort and being really dedicated to your business. Stephen A. Schwarzman and Peter Peterson launched the portfolio management and financial advisory firm Blackstone Group in the eighties. Obviously, the Blackstone Group evolved into the massive company it is nowadays.
Living for many of his formative years in near Philadelphia, Pennsylvania, Stephen got his early education in the Philadelphia suburbs. Then he went on to graduate from Yale University in 1969. Harvard Business School near Boston was the next step in his education, here he received his MBA in 1972. After Yale he would become part of the investment team at Lehman Brothers. By his thirty-second birthday he was already a managing director.
Stephen doesn’t solely offer his time and money to a broad range of non-profit organizations, but in addition he has also been a part-time professor at Yale. Further, he is the most recently appointed Chairman to the Board of Trustees at the John F. Kennedy Center for the Performing Arts in New York, NY. Additionally, Stephen recently contributed to the New York Public Library $100 million to fund their expansion project. He is also one of the trustees of the library. Stephen A. Schwarzman is nowadays setting the standard for successful Americans: last year he was cited amongst Time Magazine’s 100 Most Influential People in the World in acknowledgement of his world-wide influence in finance. His quick rise to power in the financial world is nothing short of miraculous, and without a shadow of a doubt his willingness to donate to his community has set business moguls a far more demanding benchmark to live by.
So the financial community waits with baited breath to see what Stephen will do next. Stephen Schwarzman is undoubtedly a fascinating business man whose influence can clearly be viewed in the United States and in the world in general.