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The story of Stephen A. Schwarzman is one of success and a strong work ethic. Forbes ranked him as the fifty-third most wealthy person in the U.S.A. last year, nevertheless it is his generosity to non profit organizations and his outstanding accomplishments that show him to be such a magnetic man. All this illustrate that the keys to thriving in business are working hard and, of course, focused determination.

The Blackstone Group was initially set up by Stephen A. Schwarzman and his business partner Peter Peterson as a company providing premium financial advice and private-equity management. As everyone knows, the Blackstone Group evolved into the ground breaking company it is today.

Spending many of his childhood years in near Philadelphia, Pennsylvania, Steve received his early education in the Abingdon school district. He graduated from Abington Senior High School, his next step was to obtain his bachelor’s degree from the Connecticut University, Yale in 1969. He set about taking a program of post-graduate study at the famous Harvard Business school near Boston, MA. After Yale he became part of the team at the leading investment bank Lehman Brothers. By the unusually young age of 31, he had been appointed a managing director. Steve Schwarzman served as an ancillary professor at the influential Yale School of Management in addition to supporting a number of charities, education, and the liberal arts. He serves as the Chairman of the Board of Trustees of the JFK Center for the Performing Arts in New York, NY. Furthermore, he told the American public on March 11, 2008 that he had presented a hundred million dollars to the New York Public Library to help fund their expansion. In fact the library called one of their recently constructed buildings after him. Steve is a role model to a new generation of business people – As one of Times Magazine’s 100 Most Influential People in the World, Steve is nowadays widely followed by the media and impacting markets all over the world. His swift rise in the financial world is for certain astounding, and without a shadow of a doubt his willingness to donate to the community has set business tycoons an entirely new standard to live up to.

With all his wisdom and dedication, it would seem that there isn’t anything he cannot achieve. On the whole, we see here an individual who has taken advantage of every last opportunity that came his way and he has also employed his money as a way to improve the lives of those around him.