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Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’

Posted on June 9, 2026
By Fortune
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1 min read

Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’

Blackstone billionaire Stephen Schwarzman has given over $1 billion to charity. He credits his grandfather—and now plans a top-10 AI-focused foundation.