Blackstone's Schwarzman Plows $197 Million Back Into His Firm

Billionaire Steve Schwarzman dominates Wall Street with his annual payouts, collecting $787 million last year. He turned around and put a quarter of that back into Blackstone Group LP.

The asset manager disclosed Thursday that its co-founder, 71, invested $196.6 million in Blackstone funds during 2017. That compares with the $161.8 million that Carlyle Group LP’s Bill Conway invested in his firm’s offerings, $43.3 million by KKR & Co.’s Henry Kravis and $15 million by Apollo Global Management LLC’s Marc Rowan.