If you have never heard of Stephen A. Schwarzman, you should pay full attention. In 2008 Steve Schwarzman was placed fifty-three on Forbes’ list of the richest people in the United States, even so it’s his patronage of the arts and his spectacular business success that make him such a absorbing individual. His biography has been motivational to multitudes of individuals globally and in addition it serves as a reminder that no matter what your circumstances are you can become a success through hard work and dedication. The Blackstone Group was initially founded by Stephen A. Schwarzman and Peter Peterson as a company offering investment advice and private equity. At this point in time the Blackstone Group is an industry giant with ventures as qualified as Madame Tussauds and the Hilton Hotels Group, to name but a few. Spending many of his adolescent years in Pennsylvania, Steve attended school in suburban Philadelphia. After graduating from high school he went on to study at the venerable Yale University and was awarded his bachelor’s degree in 1969. Harvard Business School was the natural next stop on his fast track to success, here he received his Master’s degree in Business Administration in 1972. After concluding his MBA, Steve commenced a career in investment banking at Lehman Brothers. Before reaching his thirty second birthday, Steve was already on the board. Not only does Steve offer his time to a variety of charitable organizations, but he has also volunteered as a part-time professor at Yale. Further, he is Chairman of the Board of Trustees at the John F. Kennedy Center for the Performing Arts in New York City. On top of all that, Steve recently gifted to the New York Public Library a hundred million dollars to support their expansion project. In fact, the library named one of their new buildings after him. Steve is an inspiration to successful financiers — As one of Times Magazine’s 100 Most Influential People on the planet, Steve is now in the center of media attention and shaping business and finance globally. His swift rise to power in the financial sector is nothing short of astounding, and coupled with his willingness to give back to the community as illustrated by his liberal gifts to the arts and education projects stimulates individuals who are now following his example.
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So the financial industry waits in anticipation to see what Steve will do next. Stephen A. Schwarzman is undoubtedly a fascinating businessman who has made his mark on the United States and its business community.