Blackstone Inc Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed.
Schwarzman owns about 230 million shares in Blackstone according to a filing from February, and the company paid $4.40 in annual dividend, filings showed.
The world's largest private equity firm has been dealing with rising redemptions at its flagship real estate income trust , prompting it to exercise its right to block investor withdrawals at 5% of the quarterly net asset value of the fund. Blackstone ended the quarter with $974.7 billion of total assets under management and declared a quarterly dividend of 91 cents per share. Blackstone had set a target of reaching $1 trillion in assets by the end of 2022, an ambition it had brought forward from 2026.
Reporting by Rhea Binoy and Jose Joseph in Bengaluru; additional reporting by Shivani Tanna; Editing by Sandra Maler
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