The Unbelievable Tale of Stephen Schwarzman
This is Stephen Schwarzman’s story. Forbes Magazine named him as the 53rd wealthiest individual in America last year, even so it is his remarkable rise to power in the business and finance sector and his contributions to the arts that make this story something wonderful. This Blackstone Group co-founder is an inspiration and his life goes to prove that dedication and hard work are key to achieving success. In the eighties Stephen set up the Blackstone Group with his business partner Peter Peterson; at the beginning it was a private equity and financial advisory firm. Now, the Blackstone Group is known internationally boasting holdings as diversified as Graham Packaging and Allied Waste. Stephen spent his early years in surburban Philadelphia. After finishing high school he opted for an undergraduate program of study at Yale University. He set about taking a program of post graduate study at the internationally renowned Harvard Business school near Boston, Massachusetts. After completing his higher education, Stephen began a career in investment banking. Before he celebrated his thirty-second birthday, Stephen was already on the board.
Stephen A. Schwarzman donates to a wide variety of educational programs as well as teaching as an assistant professor at the legendary Yale School of Management. Moreover, he is the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in NYC. Additionally, he proudly announced on March 11th, 2008 that he was bequeathing $100,000,000 to the New York Public Library to fund their construction plan. They also called their new extension the “Stephen A. Schwarzman Building” to commemorate his generous gift.
As you’d expect Stephen A. Schwarzman is acknowledged as one of America’s elite – he was cited as one of Time Magazine’s 100 Most Influential People on earth in acknowledgement of his numerous accomplishments and influence on the financial world. His meteoric rise in the business and financial sectors is surely stunning, and no doubt his generosity has set business tycoons a new class-of-its-own benchmark to attain to.
So the business space waits in anticipation to see what Stephen will do next. So, to summarize, Stephen Schwarzman is an individual who has taken advantage of every last opportunity which came his way, yet in return he has also employed his influence to give his best to bolster his community.
