Private equity firms' biggest earners last year
Blackstone Group CEO Stephen Schwarzman discusses what the Trump administration needs to accomplish with China on trade.
Blackstone's Stephen Schwarzman does it again.
According to a regulatory filing last week, the private equity chief was once again the highest earner for the industry, pocketing at least $567.8 million worth of dividends and compensation in 2018.
While that amount is a far cry from Schwarzman's 2017 take-home pay of around $785 million, he still tops his other counterparts by a lot.
For example, Schwarzman's right-hand man, Jonathan Gray, who became president and chief operating officer at Blackstone last year, earned around $87.8 million in 2018.
Here's a look at what other co-founders of private equity firms made last year, according to Reuters.
1. Apollo Global Managment LP CEO Leon Black
Received $252,617 in compensation and $169.7 million from dividends in 2018
FILE PHOTO: Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, May 1, 2018. REUTERS/Lucy Nicholson/File Photo - RC1B0605CF20
2. Carlyle Group LP's three co-founders David Rubenstein, William Conway and Daniel D'Aniello
Each took home $60 million, with the vast majority of earnings from dividend payments
3. KKR & Co. LP co-founder Henry Kravis
$99.5 million worth of compensation and dividends
4. KKR & Co. LP co-founder George Roberts
$103.9 million worth of compensation and dividends