Blackstone's assets under management reached $880.9bn by the end of the fourth quarter

Blackstone chief executive officer Stephen Schwarzman took home a record $1.1bn in 2021, underscoring the private-equity giant's growing dominance on Wall Street.

Dividends on his 19% stake in Blackstone accounted for the biggest chunk of Schwarzman’s haul, totalling $941.6m for the year. He also earned $160.3m in compensation, composed of profits tied to investment performance and a base salary of $350,000, according to a regulatory filing late on 25 February.

Blackstone boss Stephen Schwarzman takes home $1.1bn

Blackstone boss Stephen Schwarzman takes home $1.1bn pay cheque

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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