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The Secret behind Stephen Schwarzman, Blackstone Group’s Co-Founder November 4, 2009

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Stephen A. Schwarzman’s story is one of success and a strong work ethic. Forbes Magazine named him the fifty-third most well-heeled person in the US last year, but it is his remarkable rise to power in the business world in addition to his generosity to the arts which make this story something wonderful. Stephen’s biography illustrates that the keys to achieving success are work plus perseverance.

Stephen A. Schwarzman and his business partner Peter Peterson established the private-equity management and financial advisory company Blackstone Group in the eighties. Nowadays, it has become a world leader in m&a, but he didn’t initially own his own venture. After calling Philadelphia home for much of his childhood and adolescence, Stephen A. Schwarzman attended school in the Abington School District. He graduated from Abington Senior High School, next he received his bachelor’s degree from the well-known Connecticut University, Yale in 1969. He chose to further his business education at the legendary Harvard Business School, graduating in 1972. Afterwards he became part of the team at the leading investment bank Lehman Brothers. By his thirty-second birthday he was already on the board of directors.

Stephen doesn’t just give his time and money to a variety of not-for-profit organizations, but he has also been a part-time professor at Yale. To further illustrate his wide spectrum of activities, he is the 5th Chairman of the Board of Trustees of the JFK Center for the Performing Arts in New York, New York. Additionally, Stephen only last March gave the New York Public Library 100 million dollars to support their recent construction project. In fact the library called their new extension after him.

So you won’t be too surprised to learn, American high society looks at Stephen A. Schwarzman as a role model — Times Magazine in 2008 appointed Stephen as one of the 100 most influential individuals in the world. His swift rise in the business and financial sectors is surely spectacular, and coupled with his willingness to give to the community through his lavish gifts to the arts and education buoys those who are inspired by him.

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With all his knowledge and his generous spirit, it would seem that there isn’t anything he can’t achieve. To sum it up, Stephen has grasped every opportunity which came his way, but he has at the same time used his wealth and status to give his best to cultivate his community.

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