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[13] [14] Blackstone branched into business acquisition, real estate, direct lending, alternative assets, and had $1.1 trillion in assets under management as of September 30, 2024. [15] [16] When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006.
Blackstone was originally formed as a mergers and acquisitions advisory boutique. It advised on the 1987 merger of investment banks E. F. Hutton & Co. and Shearson Lehman Brothers, collecting a $3.5 million fee. [8] [9] Blackstone co-founder Peter Peterson was the former chairman and CEO of Lehman Brothers.
Blackstone appeared as a guest on The Tonight Show, Donahue, The Today Show, Reading Rainbow and The Super Mario Bros. Super Show and 3-2-1 Contact. He also made occasional appearances as the mysterious Dr. Mephisto on the TV soap opera Santa Barbara and as fictitious magician Marcus the Magnificent on Hart to Hart in 1981.
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