(Reuters) – Blackstone Group Chief Executive Stephen Schwarzman took home $690 million in 2014, more than any other private equity executive, as his firm and the wider industry benefited from the favorable conditions for cashing out on investments.
Schwarzman’s personal earnings were up 52 percent year-on-year, reflecting the bumper year his firm had by selling assets at high valuations. Blackstone’s distributable earnings were $3.1 billion in 2014, up from $1.9 billion in 2013.
Schwarzman, 68, received $85.9 million in compensation, $570 million in dividends from his Blackstone shares [fortune-stock symbol=”BX”], and $33.5 million from his investments in Blackstone funds in 2014, a regulatory filing showed on Friday. His net worth is currently pegged by Forbes at $12 billion.
Trailing Schwarzman was Leon Black, the CEO of Apollo Global Management LLC. In 2014, Black, 63, received almost $331 million, made up of $273,980 in compensation, $267.9 million in dividends from shares…
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