Stephen A. Schwarzman — an Inspiration for America
October 9th, 2009If you have not heard the name Stephen A. Schwarzman, take some time and read this. Last year Stephen was named as the 53rd most well-to-do in America collated by Forbes Magazine, even so it’s his generosity to society and his outstanding success that show him to be such a magnetic individual. Stephen’s story is an inspiration to a lot of people from the children of the well-heeled to those born with very little and in addition it serves as a reminder that everyone may become a success with only a little hard work.
In 1985 Steve founded the Blackstone Group with his partner Peter Peterson; initially as a private equity management and financial advisory business. Obviously, the Blackstone Group is now among the world’s most profitable M & A companies.
Living for most of childhood and adolescence in near Philadelphia, Pennsylvania, Stephen went to school in the Philadelphia suburbs. He graduated from Abington Senior High School; after that he got his degree from the Connecticut University, Yale in 1969. He opted to further his training at the highly esteemed Harvard Business School, receiving his Master’s degree in Business Administration in 1972. Afterwards he became part of the team at the leading investment bank Lehman Brothers. By the age of 31, he had been appointed one of their managing directors. Stephen Schwarzman served as an adjunct professor at the well acclaimed Yale School of Management and also donates to many non-profit organizations, educational programs, and the liberal arts. Furthermore, he serves as the Chairman of the Board of Trustees of the John F. Kennedy Center for the Performing Arts in NYC. On top of all that, Stephen recently gave the New York Public Library a hundred million dollars to sponsor their recent construction plans. They also called their new extension after him.
For this reason, American high society looks at Stephen as a role model — he was identified as one of Time Magazine’s 100 Most Influential People in the World in acknowledgement of his many attainments and influence in the business world in general. His supremacy in the financial industry has definitely been miraculous, not to mention the fact that his continuous support of music and the liberal arts has undoubtedly encouraged everybody around him. It would seem that at the moment, Stephen A. Schwarzman can do no wrong. On the whole, Stephen has, in retrospect, had a positive influence on the business and financial communities and the world in general.
