Steve Schwarzman
Chairman, CEO and Co-Founder
Miami Connection
As a member of the Palm Beach Civic Association, Schwarzman contributes to civic and community initiatives in Palm Beach County, supporting local development and philanthropy. His presence bolsters South Florida's status as a hub for ultra-wealthy financiers, with Blackstone's Miami Beach office facilitating regional investments and economic activity. His residency among Palm Beach's top billionaires enhances the area's prestige and attracts further high-profile business talent.
About
Born in 1947 in Philadelphia, Stephen Schwarzman built a storied career in finance, starting at Donaldson Lufkin & Jenrette and Lehman Brothers before co-founding Blackstone in 1985 with Peter G. Peterson using $400,000 in initial capital. Under his leadership, Blackstone grew into a global powerhouse in private equity, real estate, and alternative assets, now overseeing $1.2 trillion in assets as of mid-2025. His career highlights include being named Barron’s “World’s Best CEOs” in 2019, Forbes’ most influential person in finance in 2016, and amassing a net worth exceeding $55 billion. Schwarzman maintains a strong Miami/South Florida connection as a Palm Beach Civic Association member and part of the region's elite 'Billionaire’s Beach' residents, with Blackstone operating a local office in Miami Beach. He remains actively involved in global business councils like the World Economic Forum's International Business Council. Currently, he serves as Chairman and CEO of Blackstone.