A Market Spell

If you have never come across the story of Stephen Schwarzman, you should pay attention. Forbes named him as the fifty third wealthiest person in the U.S.A. recently, even so it is his incredible generosity to non-profit organizations and his outstanding business success that show him to be such a captivating character. His biography has affected a lot of people worldwide additionally he has used his wealth to better many people’s lives, too. In the 1980’s Stephen co-founded the Blackstone Group with Peter Peterson; to begin with it was an equity management and financial advice firm. These days the Blackstone Group is an industry giant enompassing investments as qualified as Allied Waste and Pinnacle Foods.

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Stephen spent his early years in the suburbs of Philadelphia. Subsequent to finishing high school he opted for an undergraduate degree at the well known Yale University in Connecticut. He then opted for a program of post-graduate study at the acclaimed Harvard Business school in Cambridge, Massachusetts. Next he would join the team at the renowned investment bank Lehman Brothers. Stephen was appointed a managing director at the age of only thirty one. Not only does Stephen give his time to a variety of not-for-profit organizations, but he has also served as a part-time professor at Yale. He is the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in New York City. In addition, Stephen only last spring contributed to the New York Public Library 100 million dollars to sponsor their recent expansion program. Stephen is also one of the trustees of the library. It’s not a surprise that Stephen Schwarzman is now one of America’s elite – Times Magazine last year named Stephen as one of the 100 most influential people in the world. His rise in the financial sector has certainly been nothing short of dramatic, and coupled with his willingness to donate to the community through his generous donations to the liberal arts and education programs encourages those who are inspired by him. As far as the people of the United States can see, Stephen can do no wrong. All in all, Stephen A. Schwarzman has had an important influence on both the business and financial communities and to the world in general.