The Face in Charge of the Blackstone Group’s Unprecedented Financial Growth

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If you haven’t come across Stephen A. Schwarzman, you must have been hiding beneath a rock for the last few years. Forbes named him the fifty-third most well-to-do individual in the US just last year, but it’s his significant achievements in the world of business and also his donations to the arts that set this business man apart. Steve’s biography is an inspiration to people worldwide additionally it serves as a reminder that no matter what your specific background is you may be a success through hard work and dedication. In 1985 Steve and his co-founder established their very first business extending financial advice. The Blackstone Group has since grown from strength to strength and today is an internationally renowned specialist in M & A.

Steve spent his formative years in surburban Philadelphia. He graduated from Abington Senior High School, his next step was to get his bachelor’s degree from the renowned Connecticut University, Yale in 1969. He opted to further his education at the venerable Harvard Business School, graduating in 1972. Next he would become part of the team at the leading investment bank Lehman Brothers. By his thirty second birthday he was already a managing director.

Not only does Steve give his time to a wide range of charitable organizations, but additionally he has also volunteered as a non-faculty professor at Yale. To further illustrate his wide range of engagement, he is the 5th Chairman of the Board of Trustees at the John F. Kennedy Center for the Performing Arts. Additionally, he told the media on March 11, 2008 that he was bequeathing $100 million to the New York Public Library to help finance their expansion. They also named one of their new buildings the “Stephen A. Schwarzman Building”. So of course it will hardly come as a surprise that, the elite of America look to Steve for encouragement — he was cited as one of Time Magazine’s 100 Most Influential People in the World in acknowledgement of his world-wide influence on business and finance. His swift rise to power in the financial world is certainly spectacular, and without a shadow of a doubt his willingness to donate to the community has given America a brand-new standard to live by.

So the US awaits Steve’s next project. On the whole, we find a person who has grasped every last business opportunity given to him, yet in return he has in the same stride made exemplary use of his status as a way to better the lives of his fellow Americans.

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