The top 20 collectively spent $2.3 billion. Exactly. Edward Norton. Check the full bio for relationship details. By contrast, the entrance of the private equity guru Stephen A. Schwarzman and his wife, Christine, was inconspicuous. During an address to the board members of a non-profit in 2010, Schwarzman let loose his feelings about the Obamas administrations increased taxation of private equity firms. Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010. Blackstone . Richard Ferlauto, director of investment policy at the American Federation of State, County and Municipal Employee, called into question the favorable tax breaks that had allowed the Blackstone CEO to accrue his wealth, and worried the CEO was setting a precedent in huge bonuses and incentives that would damage other businesses. The previous chairmen are Roger L. Stevens, Ralph P. Davidson, James D . He is married. [44] In 2014, Schwarzman was named as one of Bloomberg 's 50 Most Influential people of the year. Last Valentines Day, Schwarzman reportedly spent $3 million on a lavish birthday bash. One thing is certain: The issue has spiraled far beyond Schwarzman and the so-called Blackstone bill. EMEA +44 20 7330 7500. Required fields are marked *. Stephen Schwarzman was born on February 14, 1947 in New York, New York, United States, is Chairman and CEO, Blackstone Group. Julia La Roche for Business Insider. While a student, Schwarzman was a member of the same Skull and Bones secret society as George W. Bush. Thats why Im not going to my 60th reunion, he said. She has . This cool friendly mysterious economist originating from Philadelphia, Pennsylvania, United States has a thin body & round face type. Christine Hearst Schwarzman is an intellectual-property lawyer. [49] In 2018, Schwarzman donated $10 million to another library, the National Library of Israel. The former intellectual property lawyer was married to publishing heir Austin Chilton Hearst before tying the knot with financier Steve Schwarzman in 1995. It is scheduled to open in 2020 and will be called the Schwarzman Center. Following his election, Trump appointed Schwarzman as the chairman of the White House Strategic and Policy Forum. [44] In 2014, Schwarzman was named as one of Bloomberg's 50 Most Influential people of the year. Make no mistake about it, while the world of Televangelism has a 24/7 global reach, virtually all of the TV, Read More Dissecting the Multi Billion Dollar Business of TelevangelismContinue, Menards is a successful chain of home improvement centers that is comparable to Lowes, Home Depot and other supply retailers. After his naming as one of the magazines 100 Most Influential People in 2007, Schwarzman had to wait a few years before his prowess was recognized for a 2nd time; this time around, it was Forbes that did the recognizing, given him poll position on their 2017 list of the most influential people in finance. He grew Blackstone into the worlds biggest buyout firm, 6. has more residents worth at least $30 million than any metropolis on planet Earth. Covid-19 hasnt been kind to the gambling business, but you wouldnt know that looking at the Adelsons 2020 donations. Between 2013 and 2017, it provided more than $400 million to the troubled real estate projects of Mr. Trumps son-in-law, Jared Kushner. Today, he just wants Washington to leave him and his bankbook alone. In December 2018, Schwarzman was awarded the Order of the Aztec Eagle, Mexico's highest honor for foreigners, by President Enrique Pea Nieto in recognition of Schwarzman's work on behalf of the U.S. in support of the U.S.-Mexico-Canada Agreement. Schwarzman and his wife, Christine Hearst (yes,. Stephen Schwarzman Facts & Wiki As well as receiving the two highest honors bestowed on individuals by the French government, Schwarzman has also been privileged with Mexicos highest honor for foreigners, the Order of the Aztec Eagle. Down came the red vinyl walls, which really would not have been the way to showcase Mr. Schwarzmans Monets and Cy Twomblys. After the public learned about the deal, a new agreement was made and Schwarzman removed several of the conditions for his donation, including renaming the school. Nevertheless, journalists called out their names. Levin claims he never heard of Blackstone before he started working on his bill this past spring. Five years after his divorce was finalized, Schwarzman married again, this time to intellectual property lawyer, Christine Hearst. Hes a recipient of the Order of the Aztec Eagle, 16. Second: Mr. Schwarzman is famously brash, a 5-foot-6-inch bundle of testosterone who in 2008 described his business philosophy by saying, I want war not a series of skirmishes. This has extended not only to his rivals at competing firms, but also at times to those closest to him. Stephen married for a second time in 1995 to his current wife, Christine Hearst. [68] They divorced in 1990. [30] Eventually a deal was brokered with Schwarzman's help. Read More 10 Things You Didnt Know about Rachel MaddowContinue. That group spent big on congressional races in New Mexico, Virginia, California and Oklahoma. He is currently married to Christine Hearst in 1995. [74], In 1999, Schwarzman received the American Academy of Achievement's Golden Plate Award.[75]. Connecticut hedge fund mogul Mandel and his wife, Susan, poured millions into supporting Joe Bidens election, directly and through super-PACs. His enormous wealth has seen him rank #100 on Forbes Billionaires 2019, #34 on Forbes 400 2018, and #42 on Forbes Powerful People 2018. Im more than comfortable with that, said Peter Salovey, the schools president. Stephen Allen Schwarzman (born February 14, 1947) is an American billionaire businessman. The idea, he said, came from a Harvard Law School friend and retired tax lawyer, Stephen Wolfberg, a personal friend of the lawmaker. "[26][27] Schwarzman later apologized for the analogy. In 1984, Schwarzman oversaw the sale of Lehman Brothers to American Express and interviewed for a position in Ronald Reagans White House. Tags: CEO of the Blackstone Group. Zibby Owens , Christine Schwarzman and guests attend Literacy Partners Evening Of Readings Gala & Dinner at Cipriani Wall Street on April 11, 2022 in. A math professor who started his own hedge fund, Simons has long been a Democratic kingmaker. In 2017 former World Wrestling Entertainment CEO Linda McMahon took a cabinet position in the Trump White House, serving as head of the Small Business Administration. After Mr. Peterson lost control of Lehman in 1984 and left the company, Mr. Schwarzman was behind the putsch that drove their enemies from power. When his company, Blackstone Group went public in 2006, it revealed that Stephen had earned about $ 398.3 million in fiscal 2006. The hedge fund billionaire spent $342 million on his own presidential campaign, plus another $73 million supporting left-leaning causes and voter-registration efforts. [32] During the 2016 Republican primary, he declined to support any one particular candidate. Here are the donors Forbes found, ranked in order of how much they spent and listed with their donation converted to an equivalent sum based on the median household income. [48], In early 2008, Schwarzman announced that he contributed $100 million toward the expansion of the New York Public Library, for which he serves as a trustee. When they talk about private equity, Democrats in Congress describe greedy, risk-taking managers, benefiting from secret tax code loopholes. On the guest list that night were dignitaries such as Colin Powell, Donald Trump and mayor Michael Bloomberg, as well as celebrities such as Patti LaBelle and Rod Stewart, both of whom treated their host to private performances. Soon, Mr. and Mrs. Schwarzman began dining tte--tte with Cardinal Edward Egan, the late archbishop of New York. Hes one of TIMEs most influential people, 12. Net worth: $12.4 billion; Source of wealth: Cofounder of private equity firm Blackstone; Learn how your comment data is processed. [7][8][9] After graduating in 1969, he briefly served in the U.S. Army Reserve before attending Harvard Business School, where he graduated in 1972. Net worth: $3.2 billion Contributions: . Stephen A. Schwarzman's Net Worth And Career. Mr. Schwarzman will be the fifth Chairman of the Center. The richest man in private equity, Schwarzman put $35 million into a super-PAC called the Senate Leadership Fund supporting Republican senators. I always think about what will kill off the other bidder. 816 Christine Schwarzman Photos and Premium High Res Pictures - Getty Images CREATIVE EDITORIAL VIDEO All Sports Entertainment News Archival Browse 816 christine schwarzman photos and images available, or start a new search to explore more photos and images. [50], On April 21, 2013, Schwarzman announced a $100 million personal gift to establish and endow a scholarship program in China, Schwarzman Scholars, modeled after the Rhodes Scholarship program. In fact, a number of the donations are relatively modest in comparison to their outsize fortunes. Asia Pacific +65 6212 1000. His second wife, Christine is an intellectual-property lawyer from Long Island, . Cardinal Dolan still cant entirely remember who they were. In June, Schwarzman completed Blackstones $4.75 billion initial public offering, the largest so far this year. Schwarzman's wealth is derived from the Blackstone Group, a private equity firm that had $941 billion in assets under management as of June 30, 2022, according to the company's website.. When he turned 60, Schwarzman outdid even himself. Cameras continued to flash. What happened to Christie Hearst Schwarzman? [12][13] Blackstone would branch into business acquisition, real estate, direct lending, alternative assets, and now has some $500 billion in assets under management. According to Forbes, he had a net worth of $12.4 billion as of August 2018, increasing to $19 billion as of October 2020. . As a subscriber, you have 10 gift articles to give each month. Rod Stewart and Patti LaBelle performed. Others, meanwhile, stand in admiration of his financial acumen, political influence, and philanthropic endeavors. 7) at the State University of New York at Stony Brook, Laufer joined his colleague at Renaissance Technologies, the hedge fund Simons founded. Among their largest contributions: $10.5 million to the Senate Leadership Fund (which in turn spent $92 million opposing Jon Ossoff), $1.75 million to Americans For Prosperity Action (which spent $13 million supporting David Perdue) and $1.5 million to Better Future MI Fund (which spent $11 million opposing Gary Peters). She left that gig in 2019 to lead the pro-Trump super-PAC America First Action and ended up pouring $15.7 million into the group. Hes also the newest Capitol Hill villain. When Mr. Schwarzman celebrated his 70th birthday in Florida in February 2017, Mr. Kushner and his wife, Ivanka Trump, were among the guests. The central reference building on 42nd Street and Fifth Avenue was renamed The Stephen A. Schwarzman Building. To the delight of Mr. Thomas, the donation still went through. Five years after his divorce was finalized, Schwarzman married again, this time to intellectual property lawyer, Christine Hearst. Support. New York Democratic Sen. Charles Schumer, a member of the Senate Finance Committee who is expected to introduce his own broad tax increase bill, received $8,000. In fact, many of them lately like to show off, 40/ 40Cardi Bs dream mansion in Atlanta rap-up.com After two years of house hunting Cardi B, 55/ 55Sean Penn $70,000,000 via bz-berlin.de Sean is a dinosaur in Hollywood, but he manages. Instead, he donated to Jeb Bush. Buying influence, for a regular American, would be incredibly expensive, says Robert Maguire, Citizens for Responsibility and Ethics in Washington research director. (He even once compared Mr. Trump to P.T. "[33] He had previously made a donation to Marco Rubio in 2014. That was its own kind of a leveraged buyout. After business school, Schwarzman worked at the investment bank Lehman Brothers, became a managing director at age 31, and then head of global mergers and acquisitions. How does a man people are inclined to make fun of usually wind up with the upper hand? Arkansas banker Stephens is a longtime Republican donor. A rundown of all his involvements would take an age to read and even longer to write to name just a select few, then, we have the Council on Foreign Relations, The Business Council, The Business Roundtable, and The International Business Council of the World Economic Forum. Part 2. He is also the stepfather of a child that his second wife had from her previous relationship. Shortly afterward, the Mets leadership announced that the museum was eliminating the jobs of up to 100 people in administrative, conservationist and curatorial positions in an effort to address a ballooning $30 million deficit. John D. Rockefeller Jr. once owned the duplex flat where he resides, which is located at 740 Park Avenue. It has founded its own association, The Private Equity Council. He identified as center-right and said the eventual GOP nominee should appeal to independent voters, not the right wing of the Republican Party. No wonder Warren was willing to spend more than $10 million to get Trump reelected. Mr. Schwarzmans charitable contributions have ignited controversy. On 14-2-1947 Stephen Schwarzman (nickname: Stephen ) was born in Philadelphia, Pennsylvania, United States. I would see George at breakfast, lunch and dinner, Schwarzman told The Washington Post in 2004. Blackstone points out that these sums reflect the fact that Schwarzman . Mr. Schwarzman and President Trump at a White House meeting with business leaders last year; Mr. Schwarzman is an adviser to the president. Residents at 740 Park Avenue began to float the theory that the conservative billionaire on the fourth floor was trying to one-up the conservative billionaire on 15. Christine Hearst Schwarzman: Spouse N/A N/A N/A Physique. And everyone Congress, Wall Street and K Street had better get ready. An adviser to President Trump who once compared Obama-era tax hikes on corporations to Hitler invading Poland is bound to have some enemies. and made jokes about guests like Mr. Trump. In November 1995, the couple married in Manhattan and gave a party to celebrate at the Frick Museum, where Mr. Schwarzman is a longtime board member. The Multi-millionaire businessman's net worth, . Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae lorem. A lawyer specializing in intellectual property, Christine was raised in Long Island, New York. . Schwarzman was born and raised in a Jewish family in Huntington Valley, Pennsylvania. The date of birth of Stephen Schwarzman is 14-feb-47. [22][23], Schwarzman is a Republican who favors lower taxes, lower government spending, and women's rights. When Schwarzmans earnings were revealed in 2007, critics were quick to attack what they considered his history of financial excess. Part 1. The total net worth of Stephen Schwarzman is $20 Billion. Schwarzman Spouse - Ellen Philips & Christine Mularchuk Hearst Stephen has been married a total of two times so far. Stephen & Christine Schwarzman Net worth: $22.5 billion Contributions: $48 million Equivalent donation for median American household: $256. The organization is based in the United States. This site uses Akismet to reduce spam. Stephen Schwarzman's net worth is projected to reach $35 billion as of October 2022. In 2004, he became chairman of the board of the Kennedy Center, a position he still holds today. [57], He has sat on the board of trustees of New York-Presbyterian Hospital since 2016. Edward Frank Teddy Schwarzman is the son of Stephen and he was born in 1979. When he turned 60, Schwarzman outdid even himself. With over 10 years experience he's covered businesses, CEOs, and investments. Julia La Roche. The often-pugnacious hedge fund titan, who has a history of supporting both conservative and LGBTQ political causes, staunchly opposed Donald Trump in 2016. Schwarzman attended school at Hofstra University and received her law degree from New York University. The award was created in 1933 by then president Abelardo L. Rodrguez to recognize the services given to Mexico or humankind by foreigners. . [4], Schwarzman's first business was a lawn-mowing operation when he was 14 years old, employing his younger twin brothers, Mark and Warren, to mow while Stephen brought in clients. She later remarried Steve Schwarzman in 1995, one of the worlds most powerful financiers and co-founder of Blackstone group. Since 1990, Schwarzman and his wife have given more than $283,000 to political candidates, according to the Center for Responsive Politics. When you work with the likes of Stephen and Christine, everyone benefits., So Mr. Schwarzman may be a flash point for income inequality, a man with more money than respect, but that seldom stops him from having the last laugh, or getting the multi-million-dollar tax write-off. Blackstone declined to comment for this story. Blackstone CEO Stephen Schwarzman, a private equity pioneer, is fantastically wealthy, politically generous and very well-connected in Washington. [34][35] In February, Schwarzman was named as chair of the 16-member President's Strategic and Policy Forum, which brought together "CEOs of America's biggest corporations, banks and investment firms" to consult with the president on "how to create jobs and improve growth for the U.S. [32], In late 2016, Schwarzman "helped put together" a team of corporate executives to advise Trump on jobs and the economy. It demonstrates our thankfulness to Steve.. The deeply competitive CEO has no time to waste when it comes to the financial market: if youre up against him, dont expect any courtesy. Christine Hearst Schwarzman: Spouse They say labor unions first suggested the tax hike to Congress. Update, April 16, 2021: After publication Forbes added Jeff Yass to the Worlds Billionaires list. [61][62], Schwarzman announced in February 2020 that he had signed The Giving Pledge, committing to give the majority of his wealth to philanthropic causes. Garrett by trade is a personal finance freelance writer and journalist. Christine Hearst Schwarzman is a smart, well-educated intellectual property lawyer. [10], Schwarzman's first job in financial services was with Donaldson, Lufkin & Jenrette, an investment bank that merged with Credit Suisse in 2000. [41], In 2020, Schwarzman donated $15 million to the Senate Leadership Fund,[42] a super-PAC tied to Mitch McConnell. Former President Trump got some love, too, with committees that support him receiving $3.7 million. More than 200 chipped in to support their favorite presidential candidates. Bloomberg poured about $150 million into other Democratic campaigns and causes, including $67 million that went into his own super-PAC, which spent more than three quarters of its funds supporting Joe Biden. I always think about what will kill off the other bidder. Consider yourself warned. Search instead in Creative? In 1995 he married a lawyer named Christine Hearst. Later it was owned by Saul Steinberg, who sold it to Mr. Schwarzman after Mr. Steinbergs company, the Reliance Group, went into bankruptcy. Login to ask a question about . Five years later, Mr. and Mrs. Schwarzman made their first real mark as a society couple by buying a 17,000-square-foot, three-floor penthouse apartment at 740 Park Avenue. Even still, the donations wont make much of a dent in the billionaires fortunes, which are growing at a faster rate than campaigns expenditures. [43], According to Bloomberg Billionaires Index, he had a net worth of $32 billion as of October 2022. (AP Photo/Alex Brandon) Stephen Schwarzman. However, he stopped short of criticizing Trump over the riot. A fourth, Howard Schultz, flirted with the idea. The total estimated net worth of Stephen A. Schwarzman is about $14 billion approximately. Currently, they reside at 740 Park Avenue in a triplex that cost a cool $30 million in 2000. In 2014, the Metropolitan Museum of Art cut the ribbon on a four-block-long plaza named after Mr. Schwarzmans downstairs neighbor David Koch, who paid $65 million for the privilege. The title entailed raising at least $100,000 for the 2004 campaign. The grass may look greener on the other side, but appearances can be deceptive. She was the daughter of an industrialist, Jesse Philips from Ohio. The couple wrote a hefty check to underwrite the Mets Heavenly Bodies show. Height Weight Hair Colour Eye Colour Blood Type . [21], He lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Schwarzman purchased the apartment from Saul Steinberg. Your email address will not be published. Theyre energizer bunnies. Over the next few months, Congress launched a private equity pile-on. Put the two words together and what do you get? He wasnt a fan of Obamas presidency, The 20 Worst Companies to Work For in 2019, Napas Palmaz Vineyards is the Most Hi-Tech Winery in the World, The 20 Richest Plastic Surgeons in the World, Dissecting the Multi Billion Dollar Business of Televangelism, 10 Things You Didnt Know about Rachel Maddow, 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. Christine wasn't born rich-she's the daughter of a NYC firefighter-but she has a knack for marrying the extremely wealthy. These 10 Whopping Homes & Cars Of Celebrities Look Amazing! The founder and CEO of Chicago insurance firm Ryan Specialty Group avoided donating to Trump. Lo and behold, this is our Top 60 of celebrities that have been caught smoking or, Celebrities dont always wear makeup anymore. She had on a shimmering gray Versace gown. People who knew them both were shocked. In addition to Schwarzman, other notable beneficiaries of the award include Walt Disney, Bono, Nelson Mandela and Dwight D. Eisenhower. The report disclosed that Schwarzman donated $344,000 in support of Trump's re-election campaign. Im just thanking God for my beautiful wife and 6 kids by doing something to help everyone and help get the USA off Arab oil. It's like when Hitler invaded Poland in 1939. Republican presidential candidate John McCain received $11,200 from Schwarzman, the most of any individual candidate. They had two children: film producer Teddy Schwarzman[66][67] and writer and podcaster Zibby Owens. Peterson has been lobbying against the bill on the Hill and in the Treasury Department. They also gave about $1 million to the Republican National Committee; its records show those funds went into accounts used for putting on the RNC convention and paying for lawyers. Schwarzmans business activities havent been in vain- despite giving millions of dollars away to charitable causes, Schwarzman still ranks as one of the worlds richest men. To drive home this point, we compared what these billionaires spent to what the equivalent would be for someone with the median American household net worth, which was $121,700 in 2019, according to the Federal Reserve Boards Survey of Consumer Finances. In 2018, Schwarzman proved his philanthropic credentials once again when he donated a hefty $350 million sum to help found the MIT Schwarzman College of Computing. Its no secret Schwarzman is a Republican, but no one was expecting quite the vitriol the CEO directed at President Obama during the democrats term in office. Mr. Schwarzman didnt endorse Mr. Trump during the campaign. For 2008, Schwarzman has already maxed out on some of his contributions. Ms. Versaces clothes are prominently featured in the galleries. He and his wife, Andrea, put more money into the 2020 election than ever before, funneling over $10 million into super-PACs that spent big on the Georgia Senate race. Stephen Allen Schwarzman is an American investor, financier and business tycoon. He and his wife helped underwrite the exhibition Heavenly Bodies: Fashion and the Catholic Imagination, handing over a check that two sources close to the museum said was in the ballpark of $5 million. Born in 1953. What is the profession of Stephen Schwarzman? Theyre peas in a pod, said Ms. Bancroft, who often gets a Valentines Day card from Mr. Schwarzman thanking her for the introduction that has made him the happiest man in the world. Billionaires played a bigger role in the 2020 election than ever before. They also funneled more than $8 million into committees supporting Joe Biden. [66] She has one child from a previous marriage. In 2007, Mr. Schwarzman held his birthday party at the Park Avenue Armory. He started off with a job at Donaldson, Lufkin & Jenrette, an investment bank and soon rose to the rank of Managing Director at the Lehman Brothers, aged just 31. Over the summer, Warren told Forbes that the 2020 election would be the most important in a generation.. Barnum, when speaking to CNN in 2015.). Stephen A. Schwarzman Named Chairman of the Board of Trustees of the Kennedy Center 20 May 2004 WASHINGTON, D.C.May 20th, 2004. . And when they need an example of unadulterated private equity greed, the self-made Schwarzman with his estimated $7.3 billion net worth is their go-to guy. This is partly because the gifts often come with conditions. Yale is Whoresville, U.S.A. You can quote me on that.. After all, the only thing worse than one angry billionaire is 10 angry multibillionaires. Schwarzman didnt get the job. At this point, it has hired just about every big firm in town. Dec 29, 2012, 9:00 AM. War? There was a guy named Andrew and this lady who edits a magazine, Cardinal Dolan said in an interview. Despite its secret status, the society has become something of an institution, thanks largely to its influential alumni and the various conspiracy theories and folklore that surrounds it. What is Stephen Schwarzman's net worth and salary? [45] In 2016, Schwarzman was again named as one of Bloomberg's 50 Most Influential people of the year. [28][29] In 2012, Obama called Schwarzman and requested his assistance in brokering a budget agreement with Republicans in congress to avoid a fiscal cliff. Elizabeth Schwarzman was born in 1976 and is the oldest child of Stephen. Had he been on our list at the time this article was published he would have appeared as no. He had previously been married to Ellen Philips, the daughter of a wealthy Ohio industrialist, whom he met during his graduate work at Harvard Business School. Formerly a senior associate at Cowan, Liebowitz & Latman specializing in intellectual property law, she now has the privilege of doing precious very little with her time. [63][64], In October 2020, Schwarzman pledged to give $8 million to the USA Track and Field Foundation in the runup to the 2021 Tokyo and 2024 Paris Olympics.[65]. Schwarzmans work ethic takes him beyond the scope of normal human endurance: in addition to his activities with Blackstone, he serves on the board of more organizations, corporations, trusts and charities than you would have thought possible. His mammoth salary and extravagant lifestyle have led some to name and shame him as the poster boy for financial excess. Edward has been a successful producer and has set up the Black Bear Pictures, where he serves as President and CEO. He made his 13400 million dollar fortune with Co-Founder, chairman & CEO of The Blackstone Group. These Are The 15 Hottest Wives And Girlfriends Of Hollywood! I think this one, Mr. Schwarzman said, although it was hard not to wonder if this guess was a measure of reality or wishful thinking. This makes him the 100th richest person in the world and the 39th in the US. Trump has been good to Perlmutter, tooreportedly giving him vast influence in the Department of Veterans Affairs, even though the comic book tycoon never had an official position in the administration. He spent $4.5 million to team up with a group of media firms and the Lincoln Project to produce digital ads criticizing Trump. Hitler? [76], In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, "which draws from his experiences in business, philanthropy and public service." (Courtesy of Blackstone Group) Anyone can read what you share. Last May, a familiar routine took place on the steps of the Metropolitan Museum of Art. He has, however, popped up on the Hill. [55][56] Additionally, Schwarzman is also a member of the Berggruen Institute's 21st Century Council. [59], In October 2018, Schwarzman donated $350 million to the Massachusetts Institute of Technology to create the Schwarzman College of Computing. Its like when Hitler invaded Poland in 1939. The attendees were understandably a little bemused. All that money for a bunch of useless fountains, said Michael M. Thomas, the best-selling author who preceded Mr. Schwarzman both as a student at Yale and as a partner at Lehman Brothers. In 2007, the Blackstone Group went public, and Mr. Schwarzman earned hundreds of millions of dollars through the I.P.O. She has an estimated net worth of around $100 Thousand - $1 Million. 18). And the education center at the National Library of Israels new landmark building in Jerusalem is being named for Mr. Schwarzman, after a contribution earlier this year for $10 million. Off went Mr. Steinbergs billiard tables. Stephen has been married to Christine Hearst since 1995, with whom he has no children, however, Stephen was previously married to Ellen Phillips, from 1971 to 1990 . More than 81 percent of his donations went to Republican parties and candidates. Lots of it. While the party lives in infamy, congressional curiosity wasnt caused entirely by it. Since its inception, the program has maintained ties to the United Front Work Department as well as other organizations and personnel affiliated with the Chinese Communist Party. His problems all started with one very infamous party. [69][70] He spent millions of dollars on both his sixtieth and seventieth birthday parties. His first wife was Ellen Philips, whom he had met while studying at Harvard. Annette de la Renta, a board member at the Met and the New York Public Library, doesnt get why all this inspires such fuss, such sanctimony.