A Bit of an Eye-Opener Concerning Blackstone Groups’ Co-Founder, Stephen Schwarzman
Saturday, November 7th, 2009The story of Stephen A. Schwarzman is one of generosity and a willingness to put in the hours. In 2008 Stephen was named as the fifty-third most well-to-do person in America by Forbes Magazine, but it’s not simply money that makes this story fascinating but his unbelievable accomplishments in the business world and his generosity to education and the liberal arts. This Blackstone Group co-founder is inspiring and his life exemplifies the fact that commitment and hard work are crucial in achieving success. In the mid-eighties Stephen A. Schwarzman and his co-founder launched their company offering up sound financial advice. These days the Blackstone Group is known internationally with investments as widely spread as, for example, Universal Studios Parks and Apria Healthcare.
Stephen spent his childhood years in the suburbs of Philadelphia. Then he went on to acquire his degree from Yale University in 1969. He set about taking a program of post graduate study at the famous Harvard Business school in Cambridge, Massachusetts. Then he started his career with Lehman Brothers investment bank, based in Manhattan. By the extremely young age of thirty-one, he was already a director. Stephen A. Schwarzman gives financial support to a variety of liberal arts as well as consulting as an ancillary professor at the renowned Yale School of Management. To name but another example of his engagement, he is the most recently appointed Chairman to the Board of Trustees of the John F. Kennedy Center for the Performing Arts in Manhattan. In addition, to give back even more, he announced in March of 2008 that he was contributing $100 million to the New York Public Library to assist their building plan. They also named their new extension the “Stephen A. Schwarzman Building” in his honor.
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This is why, the elite of America look to Stephen Schwarzman as a role model — he was mentioned amongst Time Magazine’s 100 Most Influential People in the World in recognition of his worldwide influence on finance. His supremacy in the business community has been spectacular, and coupled with his readiness to donate to the community through his lavish donations to the arts and education encourages those who are inspired by him.
Considering his experience and his generosity of spirit, it appears as if there isn’t anything he cannot conquer. All in all, Stephen A. Schwarzman has been an important influence on both the business community and to the world generally.
