Apropos — Steve Schwarzman
If you have not come across the incredible story of Stephen Schwarzman, this should interest you. In 2008 Stephen was named the 53rd most well-off in the United States of America collated by Forbes Magazine, even so it’s not simply money which makes this tale absorbing but Stephen’s undreamt of success in the finance sector and his generosity to society. The Blackstone Group co-founder is an inspiration and his life goes to prove that dedication and hard work are crucial in achieving success. The Blackstone Group was initially established by Stephen A. Schwarzman and his partner Peter Peterson as a business offering top of the market financial advice and private-equity. Today the Blackstone Group is an industry giant with investments as diversified as Pinnacle Foods and Catalent Pharma Solutions, to name only two of them.
Stephen spent his childhood in the suburbs of Philadelphia. He graduated from Abington Senior High School, after that he obtained his bachelor’s degree from Yale University in 1969. He opted to advance his education at the influential Harvard Business School, graduating in 1972. Eventually he became part of the team at Lehman Brothers investment bank. Before celebrating his 32nd birthday, he was already on the board of directors. Not only does Stephen give of his time to a wide range of charitable organizations, but in addition he has also volunteered as a non-faculty professor at Yale. As another example of his engagement, he is Chairman to the Board of Trustees of the JFK Center for the Performing Arts. On top of all that, he announced with pride in March of 2008 that he was gifting $100 million to the New York Public Library to help fund their construction project. In fact, the NYPL named their new extension the “Stephen A. Schwarzman Building” in his honor.
Hence, it can’t come as a surprise that, America’s elite look to Stephen for inspiration — As one of Times Magazine’s 100 Most Influential People alive, Stephen is these days in the center of media attention and shaping lives globally. His quick rise to power in the business and financial communities is certainly spectacular, and no doubt his willingness to give to the community has provided business moguls with an entirely new standard to emulate.
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Considering his commitment and his generous spirit, it looks like there’s nothing he can’t achieve. To summarize, Stephen has, in retrospect, made an astronomical difference to both the financial space and the world in general.
