To trim our richest down to democratic size, we need to think big.
by Sam Pizzigati, Inequality.org
How rich have America’s super rich become? The annual compensation of Steve Schwarzman, the chief exec of the private-equity colossus Blackstone Inc., offers up one telling yardstick.
In 2023, we learned earlier this year, Schwarzman’s take-home actually fell some 30 percent off what he collected the year before. But Schwarzman’s overall payday for that year, even after that tanking, still amounted to a jaw-dropping $896.7 million.
The current personal net worth of Blackstone’s CEO? The Bloomberg Billionaires Index puts that figure at a sweet $42.3 billion.
Schwarzman’s current political net worth? That remains to be seen. In the 2020 presidential election cycle, this Wall Street titan spent over $27 million on donations to his favorite office-seekers, over five times what he spent in the 2016 election cycle. Since 2020, Schwarzman’s personal fortune — what he has available to shower down on his election-day favorites — has more than doubled.
Recent Posts
Elon Musk Is Vowing Utopia Driven by AI and Robotics. Bernie Sanders Has a Few Questions
Take Action Now “I look forward to hearing about how you and your other oligarch friends are going to provide working people with a magnificent life…
U.S. Military Willing To Attack “Designated Terrorist Organizations” Within America, General Says
Take Action Now “If I had no concerns and I was confident in the lawful order, I would definitely execute that order.”By Nick Turse, The……
DOJ Won’t Meet Friday Deadline To Release All The Epstein Files
Take Action Now The delay means the White House is in apparent conflict with a law President Donald Trump signed in November.By Gregory…
Privatize USPS? Mail Carriers Have A Better Idea
Take Action Now After battling for a fair contract, USPS workers face the threat of privatization, which they warn will harm all Americans.By Mel…