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 The hefty payout represented a 17 percent rise in Schwarzman's
earnings compared with 2014, in line with a solid rise in
Blackstone's cash earnings last year.
Blackstone's distributable earnings rose 25 percent on an annual
basis in 2015 to $3.8 billion.
Schwarzman received $89.5 million in compensation, $644.8 million in
dividends from his Blackstone shares, $65.6 million for his
investments in Blackstone funds, and $10.8 million for tax benefits
related to his stake in the company before its 2007 listing, a
regulatory filing showed on Friday.
Founded in 1985 by Schwarzman and Peter Peterson for $400,000,
Blackstone manages some $336 billion worth of assets.
The son of a dry goods store owner, Schwarzman, 69, is ranked by
Forbes as the 100th richest man in the United States, with an
estimated net worth of $12 billion.
Blackstone President Tony James took home $236.2 million last year,
the filing showed.
James' earnings comprised $75.9 million in compensation, $89.5
million in dividends from his Blackstone shares, $68.5 million for
his investments in Blackstone funds, and $2.3 million for tax
benefits related to his stake in Blackstone before the firm's
initial public offering.
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In contrast, the co-founders of Blackstone's rival, KKR & Co
<KKR.N>, collected less earnings last year as a decision to cap
KKR's dividend at 16 cents a share for each quarter reduced their
payouts.
Henry Kravis took home $165.1 million last year, down nearly a
quarter from 2014, with dividends accounting for $112.8 million, a
filing late on Friday showed.
The earnings of his co-founder and cousin George Roberts also fell
by a quarter to $172 million.
(Reporting by Koh Gui Qing in New York; Editing by Richard Chang and
Tom Hogue)
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