October 25, 2009
The Unbelievable Story of Stephen Schwarzman
Here is Stephen Schwarzman’s story. In 2008 Stephen was ranked the 53rd most wealthy in the US by Forbes Magazine, but it is his unbelievable generosity to non-profit organizations and his unbelievable business achivements that show him to be such a absorbing individual. Steve’s biography illustrates that the greatest things in winning in business are devotion to hard work and unflagging dedication. In the mid-eighties Stephen founded the Blackstone Group with his business partner Peter Peterson; at first it was a private-equity and financial advisory business. More recently, it has evolved into a world leader in M&A; but be aware that Stephen did not start out heading his own business. Having called the Philadelphia suburbs home for much of his childhood and adolescence, Stephen A. Schwarzman went to school in the Abington School District. After graduating from high school he went on to study at the well-known Yale University in Connecticut and received his bachelor’s degree in 1969. He set about taking a program of post-graduate study at the highly esteemed Harvard Business school near Boston, Massachusetts. Once he had completed his education, Stephen commenced a career at Lehman Brothers investment bank. By his thirty-second birthday, Stephen was already a managing director. Stephen A. Schwarzman donates to a diversity of liberal arts as well as teaching as an ancillary professor at the renowned Yale School of Management. To name another example of his activities, he is the Chairman to the Board of Trustees at the JFK Center for the Performing Arts in New York, New York. On top of all that, he announced on March 11, 2008 that he was presenting $100 million to the New York Public Library to sponsor their building project. Stephen is also one of the trustees of the library.
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Stephen is a role model to a new generation of Americans - As one of Times Magazine’s 100 Most Influential People alive today, Stephen is nowadays in the focus of media attention and influencing markets globally. His supremacy in the business world has definitely been dramatic, not to mention the fact that his ample support of music and the liberal arts has undoubtedly been an encouragement to the business community at large. With all his wisdom, experience, and commitment, it would seem that there isn’t anything he can’t achieve. Stephen Schwarzman is undoubtedly an intriguing person who has left his mark on the USA and the world in general.
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