Five years after his divorce was finalized, Schwarzman married again, this time to intellectual property lawyer, Christine Hearst. Schwarzman has been married twice: his first marriage in 1971 was to Ellen Philips, a trustee of Northwestern University and the Mount Sinai Medical Center. In 2018, Schwarzman proved his philanthropic credentials once again when he donated a hefty $350 million sum to help found the MIT Schwarzman College of Computing. In 1984, Schwarzman oversaw the sale of Lehman Brothers to American Express and interviewed for a position in Ronald Reagans White House. In 2004, he became chairman of the board of the Kennedy Center, a position he still holds today. Hes a recipient of the Order of the Aztec Eagle, 16. They love dancing, and they love watching people.. Schwarzman has been married twice: his first marriage in 1971 was to Ellen Philips, a trustee of Northwestern University and the Mount Sinai Medical Center. [66] She has one child from a previous marriage. Christine Hearst, a lawyer, and Stephen A. Schwarzman, the investment banker, were married on Friday at the bridegroom's apartment in New York. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Big egos have impacted our industry adversely, Warren Hellman, chairman and co-founder of San Francisco-based private equity firm Hellman & Friedman, recently told Fortune. He wore a simple black tuxedo. Earlier this year, Mr. Schwarzman gave $25 million to the high school he had attended in Abington, Pa. 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He identified as center-right and said the eventual GOP nominee should appeal to independent voters, not the right wing of the Republican Party. When it comes to business, Schwarzman takes no prisoners. Jimmy Lee, a friend of Mr. Schwarzmans, has joked that Mr. Schwarzman has given more money to the archdiocese than any Jew in New York. Whether it was the party blow-out that led to testy relations in Washington, the media-loving Schwarzman has lowered his public profile since early summer. But plans to rename it after him were scrapped when people in the town nearly had a conniption. Schwarzman, who is known to joke about his interfaith marriage with Christine Hearst, a Roman Catholic, fund-raises for an array of Jewish and Catholic causes, such the Archdiocese of New York and . Christine Hearst Schwarzman, Donatella Versace and Stephen A Schwarzman admire a liturgical vestment of Pope Benedict XV. Theyre energizer bunnies. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Originally focused on the U.S., it went global three years later and has now garnered participants from 23 countries working to set "a new standard for generosity" among the ultra-wealthy. Mr. Schwarzman and his wife, Christine Hearst Schwarzman, have long been known for their themed Christmas parties. People who knew them both were shocked. Since 1990, Schwarzman and his wife have given more than $283,000 to political candidates, according to the Center for Responsive Politics. Over the last few weeks, friends of the Schwarzmans have been slightly surprised that his check underwriting the exhibition didnt translate into invitations for them. Together, Mr. Peterson and Mr. Schwarzman started the Blackstone Group, a private equity firm that grew into a financial colossus that dwarfed competitors like Kohlberg Kravis Roberts and the Carlyle Group. Additionally, the recent focus on capital improvements at New Yorks most storied nonprofits is occurring at a time when their boards are chock-full of real estate barons and finance wizards who have voted to reduce services, lay off employees and offload assets. [51] Schwarzman simultaneously announced a fundraising campaign with a goal of $200 million. At a September Senate Finance Committee hearing, Sen. Gordon Smith (R-Ore.) suggested the whole tax issue was sparked by the extravagant lifestyle of one man.. The result was the global private equity firm, The Blackstone Group. Christine Hearst Schwarzman (m. 1995), Ellen Philips (m. 1971-1990) Children: Yes (3 childrens) Dating/Girlfriend (Name): N/A: Is Stephen A. Schwarzman Gay? Michael Flaherty, "Blackstone Co-Founders to Get $2.3 Billion Post IPO", John F. Kennedy Center for the Performing Arts, Park Avenue: Money, Power and the American Dream, "Steve Schwarzman Explains Why He Counsels Trump", "Live From New York, It's Steve Schwarzman", "The world's 50 Richest Jews: 31-40 Jewish World , "WEDDINGS - Christine Hearst, S. A. Schwarzman", "The Birthday Party: How Stephen Schwarzman became private equity's designated villain", "Steve Schwarzman's Other Two Great Loves: Chicks And Ballet", "The 25 Most Successful Harvard Business School Graduates", "Blackstone's Chief Received $350 Million in Pay in 2007", "The top 10 highest paid CEOs are - Aug. 14, 2009", "Blackstone Group CEO Schwarzman took home $786 million in 2017", "Russian Direct Investment Fund Announces International Advisory Board", "In Trump, Stephen Schwarzman Found a Chance to Burnish His Legacy", "Schwarzman: 'It's a War' Between Obama, Wall St", "Blackstone billionaire is sorry for Nazi jab against Obama's tax policies", "Stephen Schwarzman's Bad Business Advice", "Blackstone CEO: GOP field way stronger than 2012's 'Seven Dwarfs', "Wall Street CEO: I'd pick Trump over Cruz", "Trump's 'America First' Infrastructure Plan: Let Saudi Arabia and Blackstone Take Care of It", "Trump Taps Steve Schwarzman, Jamie Dimon And Mary Barra For Advice On Job Creation, Growth", "Trump Dissolves Business Advisory Councils as CEOs Quit", "Trump reviews top White House staff after tumultuous start", "After Capitol Riots, Billionaire's 'Scholars' Confront Their Benefactor", "How the World Trade Organization Propelled the Rise of the Global Far-Right", "Organizations Disclosing Donations to Senate Leadership Fund, 2020 | OpenSecrets", "Senate Leadership Fund Gets $10 Million Boost From Schwarzman", "Bloomberg Billionaires Index: Stephen Schwarzman", "Most Influential 50 Are the Bankers, Investors Who Move Markets", "Stephen Schwarzman New York Public Library", "Billionaire Trump Adviser Donates to Israel National Library", "Billionaire Steve Schwarzman Has Donated $100 Million To Start His Own Version Of The Rhodes Scholarship", "Beijing welcomes scholars funded by U.S. tycoon", "Schwarzman Scholars plan raises doubts over Beijing interference", "YaleNews | $150 Million Gift by Stephen A. Schwarzman to Establish First-of-its-Kind Campus Center at Yale University", "Stephen A Schwarzman Gives $150 Million for Yale Cultural Hub", "Hospital Leadership - Board of Trustees", "Billionaire offered $25 million to high school alma mater. We almost missed this Page Six item until WallStFolly pointed it out. After his naming as one of the magazines 100 Most Influential People in 2007, Schwarzman had to wait a few years before his prowess was recognized for a 2nd time; this time around, it was Forbes that did the recognizing, given him poll position on their 2017 list of the most influential people in finance. In the end, Schwarzman was forced to apologize for the contentious analogy. Barnum, when speaking to CNN in 2015.). Required fields are marked *. The deeply competitive CEO has no time to waste when it comes to the financial market: if youre up against him, dont expect any courtesy. He helped fund the MIT Schwarzman College of Computing, 9. Zadie Smith . An adviser to President Trump who once compared Obama-era tax hikes on corporations to Hitler invading Poland is bound to have some enemies. He has given $4,600 to John McCain, $2,300 to fellow private equity titan Mitt Romney and $25,000 to the Republican National Committee. In November. He made his 13400 million dollar fortune with Co-Founder, chairman & CEO of The Blackstone Group. Schwarzman and his first wife Ellen Phillips were married from 1971 to 1990. However, they divorced nineteen years after their marriage. Im more than comfortable with that, said Peter Salovey, the schools president. The couple's $1.6 million donation to the Palm Beach . At the memorial, numerous attendees took note that Mr. Petersons most famous protg was not selected as a speaker. And obnoxious questions followed about which cost more, the party the couple was waltzing into or the one theyd recently held in Palm Beach, Fla., in honor of Mr. Schwarzmans 70th birthday. Ultimately, that desire translated into financial support for scores of U.S. track and field athletes, whose photos and notes of appreciation sit on a mantel inside Blackstone's New York headquarters. He and his wife also take the time to write notes to each childthey sponsor through the Inner-City Scholarship Fund,whichprovides tuition assistance to underprivileged students attending Catholic schools in the Archdiocese of New York. Schwarzman, an out- and- proud Republican, is a long- time friend and supporter of President Trump. Schwarzmans business activities havent been in vain- despite giving millions of dollars away to charitable causes, Schwarzman still ranks as one of the worlds richest men. Off went Mr. Steinbergs billiard tables. Last presidential season, Schwarzman, along with now-Treasury Secretary Henry Paulson, served as a Bush Pioneer. All that money for a bunch of useless fountains, said Michael M. Thomas, the best-selling author who preceded Mr. Schwarzman both as a student at Yale and as a partner at Lehman Brothers. Yale is Whoresville, U.S.A. You can quote me on that.. She's also quite the . FAQ - New Privacy Policy. Five years later, Mr. and Mrs. Schwarzman made their first real mark as a society couple by buying a 17,000-square-foot, three-floor penthouse apartment at 740 Park Avenue. How much incentive does he need, given his direct ownership of the company, to get him to produce more for his limited partners? he asked. Wedding & Marriage / Husband / Engaged / Spouse / Partner. Christine Hearst Schwarzman (m. 1995), Ellen Philips (m. 19711990) Son/Daughter: Yes (3 and one stepchild) Income: $60 Million: Net Worth: $20 Billion: Stephen Schwarzman Age and Birth Info. Who cares? "[33] He had previously made a donation to Marco Rubio in 2014. The couple has three children named Teddy Schwarzman, a producer by profession; Zibby Owens, an author and radio personality; and Elizabeth Schwarzman. In 2015, Yale University announced that Mr. Schwarzman was donating $150 million to the school for the construction of a student hub located smack in the middle of its campus. [41], In 2020, Schwarzman donated $15 million to the Senate Leadership Fund,[42] a super-PAC tied to Mitch McConnell. [32] During the 2016 Republican primary, he declined to support any one particular candidate. Blackstone started out as a relatively small concern, dealing primarily in mergers and acquisitions. I always think about what will kill off the other bidder. [45] In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. While the party lives in infamy, congressional curiosity wasnt caused entirely by it. The couple had two children together. Theyre meant to be part of my life. Stephen Allen Schwarzman (born February 14, 1947) is an American billionaire businessman. It wasnt supposed to work out like this. The Getty Images design is a trademark of Getty Images. He is the chairman and CEO of The Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson, former chairman and CEO of Lehman Brothers and US Secretary of Commerce under President Richard Nixon. His rise up the ranks was rapid; by the time he was just 31 years old, Schwarzman had reached the position of Managing Director. His enormous wealth has seen him rank #100 on Forbes Billionaires 2019, #34 on Forbes 400 2018, and #42 on Forbes Powerful People 2018. - Assisted in the production . Residents at 740 Park Avenue began to float the theory that the conservative billionaire on the fourth floor was trying to one-up the conservative billionaire on 15. Your email address will not be published. Of this total, 699.8 million came from exercising options he received during the IPO. January 7, 2015 10:13pm Mike Bloomberg toasted Teddy Schwarzman Wednesday night at a party for the Imitation Game producer thrown by his father, Blackstone Group CEO Stephen Schwarzman and. Stephen Schwarzman has first served at the 'Donaldson, Lufkin & Jenrette' as a financial serviceman. She rose from a troubled and traumatic childhood and landed a, Read More The Top 10 Inspirational Quotes by Oprah WinfreyContinue, David Herro is an American businessperson. They say labor unions first suggested the tax hike to Congress. While at Lehmans, Schwarzman worked under Chairman and CEO of the group, Peter George Peterson. Theyre a manufacturing company that maintains an operation of cutting edge and advanced manufacturing, Read More 10 Things You Didnt Know About Arconic CEO Charles BlankenshipContinue, Oprah Winfreys entire life and career are enough to motivate anyone, and during her time in the spotlight shes dropped some truly inspirational gems. But the subsequent negotiations around the retirement package of his mentor Mr. Peterson, then 81, were brutal. . Boards are the best place to save images and video clips. Knickerbockers guided guests to their tables, which were in a space designed to replicate the couples living room. Fun Fact: Today is . Her previous marriage, which produced one child, ended in. He graduated from Yale University and received his M.B.A. from Harvard University. [58], In early 2018, it was announced that Schwarzman gave $25 million to Abington High School, his alma mater. Christine Hearst-Schwarzman lawyer, wife of Stephen . The production house is responsible for co-producing the hit 2014 film The Imitation Game. Millions of high-quality images, video, and music options are waiting for you.

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