The Unbelievable Story of Stephen A. Schwarzman
Here in brief, is Stephen A. Schwarzman’s story. In 2008 Steve was ranked the fifty third wealthiest in the United States issued by Forbes Magazine, nonetheless it’s not money which makes this tale gripping but also Steve’s unbelievable accomplishments in the business and finance world and his patronage of the liberal arts. Steve’s astounding story has inspired many individuals worldwide additionally he has made exemplary use of his riches to improve the lives of numerous people as well.
In 1985 Steve co-founded the Blackstone Group with his partner Peter Peterson, to begin with it was a private equity management and financial advisory business. Of course, the Blackstone Group is today among the most lucrative mergers and acquistions companies in the U.S..
After calling suburban Philadelphia home for much of his young life, Steve Schwarzman attended school in the Abington School District. He graduated from Abington Senior High School; afterwards he received his bachelor’s degree from Yale University in 1969. He took on a master’s degree at the elevated Harvard Business school in Cambridge, MA. Eventually he became part of the investment team at Lehman Brothers investment bank. Before reaching his 32nd birthday, Steve was already on the board.
Not only does Steve give of his time and money to a wide range of not-for-profit organizations, but in addition he has also volunteered as a part-time professor at Yale. What’s more, he is the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in New York City. On top of all that, Steve recently donated to the New York Public Library $100 million to help fund their recent construction project. In fact the NYPL called one of their recently renovated buildings the “Stephen A. Schwarzman Building”. Steve is setting the standard for successful financiers: last year he was mentioned as one of Time Magazine’s 100 Most Influential People on earth in acknowledgement of his attainments and influence in the financial world. His quick rise to power in the financial world is certainly spectacular, not to mention the fact that his support of music and the liberal arts has encouraged the business world in general.
It would seem that at present, Steve has it all. To sum up, Steve has had a significant influence on both the financial space and to the world as a whole.
