Forbes

STEPHEN SCHWARZMAN

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Rising capital markets have buoyed Schwarzman’s alternativ­e investment­s giant Blackstone, which has increased its assets under management from $564 billion to $684 billion in the past year. Its stock price has also doubled over that time, pushing his net worth up by $18.3 billion and putting him among the nation’s 20 richest for the rst time. Blackstone’s inaugural growth equity fund, which has invested in dating app Bumble and oat milk maker Oatly, raised $4.5 billion as of its close in March. Schwarzman, who cofounded the rm in 1985, is CEO and chairman.

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