Billionaires
Stephen Schwarzman Net Worth
Stephen Allen Schwarzman's Net Worth as of 2024
$12,6 Billion
Stephen Allen Schwarzman was born on the 14th February 1947 in Philadelphia, Pennsylvania USA. Stephen is a businessman, best known as a founder and the CEO of the Blackstone Group, a global private equity and financial advisory company, established in 1985. Thanks to his firm, Shwarzman has become one of the most successful people in American, since Forbes ranked him as the 62nd most powerful person in the world, as of 2015. He has been active as a businessman since 1985.
Have you ever wondered how rich Stephen Schwarzman is? According to sources, it is estimated that Stephen Schwarzman`s overall net worth is $12.6 billion, an amount earned through his successful career as a businessman.
Stephen Schwarzman Net Worth $12.6 Billion
Stephen was brought up in a Jewish family; growing up in Huntington Valley, Pennsylvania, he attended the Abington Senior High School, from which he graduated in 1965. Stephen then enrolled at the prestigious Yale University – along with George W. Bush, who was one year ahead of him – and graduated with a Bachelor of Arts degree in science in 1969. Afterwards he attended the Harvard Business School, from which he received master of business degree in 1972.
Stephen`s professional career began even before he had finished his education, working in an investment bank, Donaldson, Luftkin and Jenrette (DLJ). However, after his studies he secured a job in Lehman Brothers, another investment bank. Schwarzman left his mark at the bank while working there, as he became managing director at age 31. Furthermore, Stephen was named the head of Lehman Brothers’ global mergers and acquisitions team, increasing his net worth to a large degree.
However, his net worth has been in constant growth since 1985, when he left the Lehman Brothers and founded his own investment group, Blackstone Group, alongside his former boss at the Lehman Brothers, Pete Peterson. Blackstone Group focused on mergers and acquisitions, but over the years has become much more, expanding its business to financial advisory projects.
In 2007, Blackstone went public, after Stephen reported a total earning of $398.3 million in 2006. Nowadays, The Blackstone Group is a large buyout company, with $333 billion in assets under management and record revenues in 2014 of $7.6 billion.
Some of the most successful acquisitions of the company include the German outdoor company Jack Wolfskin in 2011; in 2012, the Group bought G6 Hospitality, better known as Motel 6 & Studio 6 motels, for 1.9 billion; in 2014 Blackstone firstly secured a 20 percent stake in the Italian luxury brand Versace for €150 million, and then the Cosmopolitan of Las Vegas resort from Deutsche Bank for $1.73 billion. Most recently, in October 2015 Blackstone spent $8 billion in acquiring BioMed Realty Trust Inc.
The size of Stephen`s overall net worth reflects in the numerous assets he possesses; he has reportedly spent over $100 million buying a villa in Jamaica, and luxurious residences in the Hamptons, Palm Beach and St. Tropez.
However, Stephen is also recognized for his philanthropic acts, donating $150 million to his alma mater Yale in May 2015 to fund a new student commons. Furthermore, he has funded the expansion of the New York Public Library, with a wing now named by Stephen. Furthermore, Stephen has endorsed education of the less fortunate children through all New York.
Regarding his personal life, 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, and they have two children.
Billionaires
Warren Buffett Net Worth
Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage”, “Wizard” or “Oracle of Omaha”, as is currently ranked in the top three richest people in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.
So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in mid-2017 is estimated to be a very impressive $77 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company Berkshire Hathaway.
Warren Buffett Net Worth $77 Billion
Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.
Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.
Warren Buffett began his full-time working career as an investment salesman for Buffett-Falk & Co., then as a securities analyst in Graham-Newman Corp, and subsequently went on to work at Buffett Partnership, Ltd. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire – that year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.
Buffett’s first private investment was the department store Hochschild, Kohn and Co. However, it was Berkshire Hathaway that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all of Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world, and in 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.
In addition to the profits gained from his company, Buffett has accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the Bill and Melinda Gates Foundation co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as Nuclear Threat Initiative, Glide Foundation, and Buffett Foundation, created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.
Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Super Investors of Graham-and-Doddsville”.
In his personal life, Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.
Billionaires
Jefferey Hildebrand Net Worth
Jeffery Hildebrand is a successful American businessman, born in 1959, and best known as the founder, CEO and chairman of the Hilcorp Energy Company, which is now one of the largest oil and natural gas exploration and production companies privately-held in the US.
Have you ever wondered how rich Jeffery Hildebrand is? According to sources, it has been estimated that Jeffery Hildebrand’s overall net worth is $4.2 billion, accumulated through an outstandingly successful and lucrative career as an entrepreneur, since the early ‘90s. As he is still an active businessman, his net worth continues to increase.
Jeffery Hildebrand Net Worth $4.2 Billion
Jeffery attended the University of Texas at Austin, where he first earned a bachelor’s degree in geology in 1981 and then a master’s degree in petroleum engineering four years later. During his studies, Hildebrand was also a member of the Pi Epsilon Tau fraternity. His career beginnings were at the American Energy Capital Corporation, Exxon Company and the Dan A. Hughes Company.
However, his career really started moving upwards in 1989, when he founded Hilcorp Energy Company. This oil and gas exploration and production company, headquartered in Houston, soon became one of the leaders in the US. It now has operations in multiple states including the Rockies, the Gulf Coast and Northeast US, as well as Alaska. In 2011, the company sold its interests in Eagle Ford Shale to Marathon Oil for approximately $1.4 billion. Years after its foundation, it appeared on Fortune Magazine’s 100 Best Companies to Work For three years in a row – in 2013, 2014 and 2015. This proved to be true, as Jeffery gave each one of his 1400 employees a $100,000 bonus to thank them for their efforts in making his business the most profitable privately held oil and gas company in the US.
Apart from this, Hildebrand is a member of several other associations, including the Engineering Advisory Board, The National Petroleum Council, the Houston Energy Finance Group, the All American Wildcatters, the Independent Petroleum Association of America, the American Association of Petroleum Geologists, the Texas Independent Petroleum Royalty Owners Association, the Louisiana Independent Oil and Gas Association among many others. He was also appointed to the University of Texas Regent Wallace Hall in 2011.
The successful businessman that he is, Jeffery holds several other positions, on the boards of Central Houston, Inc. the Houston Livestock Show and Rodeo and the Houston Police Foundation. He is Vice-Chairman of the University of Texas Systems Board of Regents, chairman of the University of Texas Investment Management Company, and a member of the University Lands Advisory Board.
When it comes to his private life, Jeffery is married to Mindy; they have three children and reside in Houston, Texas. As for political involvement, since the beginning of the 2000s, Hildebrand has donated more than $360 000 to politician Rick Perry.
-
Rappers9 months ago
Yung Berg Net Worth
-
Singers1 year ago
Adam Lambert Net Worth
-
Models9 months ago
Kendra Wilkinson Net Worth
-
Producers1 month ago
Teddy Riley Net Worth
-
Lists1 day ago
Where are those from “Yukon Men” today?
-
Singers4 months ago
Justin Bieber Net Worth
-
Celebrity Money10 months ago
The 10 Best-Paid Musicians in the World
-
Rappers1 year ago
Lecrae Net Worth