The head of the US financial investor Blackstone, Steve Schwarzman, collected a billion-dollar salary last year despite a slump in profits. Schwarzman earned a total of $ 2022.1 billion in 26, the investment company announced on Saturday. The majority of the billionaire's income comes from dividend payments as a shareholder of the New York-based company.
The US investment bank Goldman Sachs, on the other hand, reduced the salary for its boss David Solomon by 29 percent to 25 million dollars. JPMorgan paid its boss Jamie Dimon $ 34.5 million, as in the previous year.
In the final quarter, Blackstone's distributable net profit fell 41 percent to $1.3 billion due to high interest rates and prices, recession fears and geopolitical uncertainties over the Ukraine war. At the end of the quarter, the company had $974.7 billion in assets under management.