An American Success Story: Stephen Schwarzman

Posted on Monday 26 October 2009

This is the captivating story of Stephen A. Schwarzman. Last year Stephen Schwarzman placed number fifty three on the list of America’s most wealthy people, still it is his generosity to non profit organizations and his spectacular business success that show him to be such a absorbing individual. Stephen’s biography has motivated individuals from every walk of life additionally it serves as a reminder that everyone can be financially successful through hard work and determination. In 1985 Steve co-founded the Blackstone Group with his business partner Peter Peterson, at first it was a private equity and financial advice business. The Blackstone Group has since expanded apace and nowadays is a world leader in M&A.

Having called Philadelphia home for much of his childhood, Stephen A. Schwarzman went to high school in the Abington School District. He graduated from Abington Senior High School, after that he got his bachelor’s degree from Yale University in 1969. He took on an Master’s degree in Business Administration at the well acclaimed Harvard Business school near Boston, Massachusetts. Then he joined with Lehman Brothers investment bank, located in New York, NY. Before he celebrated his 32nd birthday Stephen was already on the board of directors. Not only does Stephen offer his time to a variety of not for profit organizations, but additionally he has also served as a non-faculty professor at Yale. Moreover, he is the Chairman to the Board of Trustees of the John F. Kennedy Center for the Performing Arts. On top of all that, Stephen recently gifted to the New York Public Library a hundred million dollars to assist in their construction plans. Stephen is also one of the trustees of the library. You won’t be surprised to learn, America’s elite look at Stephen as a role model: last year he was described as one of Time Magazine’s 100 Most Influential People on earth in acknowledgement of his many achievements. His swift rise in the business and financial sectors is nothing short of spectacular, not to mention the fact that his unstinting support of the liberal arts and educational projects has inspired the business community generally.

With his knowledge, experience, and commitment, it looks like there isn’t anything he can’t attain. Stephen Schwarzman is no doubt an interesting business person who has left his mark on the USA and the financial community all over the world.

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