This is the success story of Steve Schwarzman. Recently Steve was ranked fifty-three on Forbes’ list of America’s richest people, still it’s his generosity to society and his astounding business accomplishments that show him to be such a intriguing character. His life story has affected a lot of individuals from the wealthy to those born into poverty and in addition he has used his money to change many people’s lives, too.
In the eighties Steve co-founded the Blackstone Group with his partner Peter Peterson; at first it was a private equity and financial advice company. The firm has since gone from strength to strength and is now a global player in M & A.
Steve grew up in the state of Pennslyvania. Then he went on to acquire his degree from Yale University in 1969. Harvard Business School was the obvious next stop on his pathway to success, here he graduated in 1972. Once he had completed his education, Steve commenced a job in investment banking. By his thirty-second birthday Steve was already a managing director. Steve Schwarzman volunteered his time as an ancillary professor at the influential Yale School of Business Management and also offers his patronage to many charities, educational programs, and the liberal arts. He serves as the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in NYC. In addition, Steve recently donated to the New York Public Library $100 million to back their expansion plans. They also called one of their new buildings after him.
Steve is a role model to successful financiers: Times Magazine last year appointed him as one of the 100 most influential individuals in the world. His meteoric rise to power in the financial world is for certain spectacular, and no doubt his willingness to give to the community has given business magnates a way more sophisticated standard to live up to. As far as the people of America can see, Stephen A. Schwarzman can do no wrong. In summary, Steve has, in retrospect, made a huge difference to the business space and to the world at large.
