Blackstone's Stephen Schwarzman Made More Than $406K Per Day Last Year

Stephen Schwarzman

Photo: YouTube

Billionaire private equity tycoon Stephen Schwarzman raked in $148.5 million in pay and cash dividends last year, according to Bloomberg. That works out to be just over $406,849 per day (including weekends and holidays).  It also works out to be   slightly more than $16,952 an hour even while he’s sleeping!

Bloomberg breaks down his pay here:

The Blackstone co-founder was paid a $350,000 salary and $4.6 million of his share of the firm’s profits, known as carried interest, the New York-based company said yesterday in a regulatory filing. He received $74 million in distributions from funds started before the company went public in 2007, and $69.6 million in cash dividends from his ownership of Blackstone stock.

Schwarzman has an estimated net-worth of $4.7 billion, according to Forbes.

SEE ALSO: Billionaire Steve Schwarzman Wishes More Poor People Would Pay Income Taxes >>

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