Stephen A. Schwarzman’s story is one of success and a willingness to work hard. Last year Steve placed number 53 on Forbes’ list of the richest people in the US, yet it’s his phenomenal accomplishments in the business and finance sector and his generosity to society that make this story fascinating. Stephen’s life shows the world that the keys to succeeding in business are devotion to work and, of course, focused persistence. Stephen A. Schwarzman and his business partner Peter Peterson founded the private-equity and financial advisory company Blackstone Group in the 1980’s. These days, it has evolved into a world leader in m&a, but he hasn’t always headed his own business.
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Steve grew up in surburban Philadelphia. He graduated from Abington Senior High School, his next step was to receive his degree from Yale University in 1969. He decided to advance his education at the well esteemed Harvard Business School, graduating in 1972. Next he became part of the team at Lehman Brothers investment bank. Before he reached his thirty-second birthday, he was already a managing director. Steve Schwarzman gives financial support to a diversity of educational programs as well as serving as an assistant professor at the influential Yale School of Management. He is the Chairman of the Board of Trustees of the John F. Kennedy Center for the Performing Arts in New York City. In addition, Steve recently gifted to the New York Public Library $100 million to help fund their recent building program. In fact the NYPL called one of their new buildings the “Stephen A. Schwarzman Building” to commemorate his generous gift.
As you’d anticipate Stephen A. Schwarzman is accepted as one of the United States’ elite – Times Magazine in 2008 appointed him as one of the 100 most influential people in the world. His supremacy in the business and financial communities has been nothing short of miraculous, and no doubt his willingness to donate to the community has set America a brand-new benchmark to mirror.
It would seem that at present, Steve Schwarzman has it all. In summary, we discover a person who has taken each opportunity offered to him, but he has at the same time used his fortune as a way to improve the lives of those around him.