Blackstone CEO admits his first big investment loss nearly brought him to tears—but the lesson put him on a path to now being worth $47 billion
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Blackstone CEO admits his first big investment loss nearly brought him to tears—but the lesson put him on a path to now being worth $47 billion

May 10, 2026
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Like Jeff Bezos, Sam Altman, and Brad Smith, Stephen A. Schwarzman learned that “setbacks are terrible, but they also are great teachers.”

Blackstone CEO admits his first big investment loss nearly brought him to tears—but the lesson put him on a path to now being worth $47 billion
Fortune
Fortune

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