Story perspectives

Blackstone's Schwarzman to Fund Education and Innovation Posthumously

2/16/2026

Summary

Story summary

Stephen A. Schwarzman, chairman and CEO of Blackstone, plans to expand his foundation to fund education, culture, medical innovation, and artificial intelligence (AI).
His wealth from Blackstone is estimated at $43.2 billion, and he intends to transfer assets to the foundation after his death.
Schwarzman, a 1965 graduate of Abington Senior High School, appears in the U.S. Department of Justice’s Epstein Files, but faces no allegations related to Jeffrey Epstein.

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Story summary

Stephen A. Schwarzman, chairman and CEO of Blackstone, plans to expand his foundation to fund education, culture, medical innovation, and artificial intelligence (AI).
His wealth from Blackstone is estimated at $43.2 billion, and he intends to transfer assets to the foundation after his death.
Schwarzman, a 1965 graduate of Abington Senior High School, appears in the U.S. Department of Justice’s Epstein Files, but faces no allegations related to Jeffrey Epstein.