Blackstone CEO is turning his $48 billion fortune into a huge philanthropic foundation for AI
Stephen Schwarzman built one of the world’s largest private-equity firms. Now, he’s reportedly focused on building one of the biggest philanthropic foundations. Schwarzman in 1985 cofounded Blackstone, which now has more than $1.3 trillion in assets under management, and now reportedly aims to build a top-10 philanthropy focused on AI and education. The private-equity billionaire…