STEPHEN A SCHWARZMAN

Schwarzman married his first wife Ellen Philips in 1971, a trustee of Northwestern University and the Mount Sinai Medical Center. They had two children: film producer Teddy Schwarzman and writer and podcaster Zibby Owens. They divorced in 1990.

Schwarzman married his second wife Christine Hearst in 1995, an intellectual property lawyer who grew up on Long Island, New York. She has one child from a previous marriage.

He lives in a duplex apartment at 740 Park Avenue previously owned by John D. Rockefeller Jr. Schwarzman purchased the apartment from Saul Steinberg. He spent millions of dollars on both his sixtieth and seventieth birthday parties.

In September 2011, Schwarzman was listed as a member of the international advisory board of the Russian Direct Investment Fund.

In late 2016, Schwarzman "helped put together" a team of corporate executives to advise Trump on jobs and the economy. The group, which includes JPMorgan Chase CEO Jamie Dimon, Walt Disney boss Bob Iger and former General Electric leader Jack Welch, became Trump's Strategic and Policy Forum. In February, Schwarzman was named as chair of the 16-member President's Strategic and Policy Forum, which brought together "CEOs of America's biggest corporations, banks and investment firms" to consult with the president on "how to create jobs and improve growth for the U.S. economy." On August 16, 2017, following five members' resignations, President Trump announced via Twitter he was disbanding the forum.

In 2020, Schwarzman donated $15 million to the Senate Leadership Fund, a super-PAC tied to Mitch McConnell.

In 2004, Schwarzman donated a new football stadium to Abington Senior High School—the Stephen A. Schwarzman Stadium. In 2007, Schwarzman was listed among Time's 100 Most Influential People in The World.

In early 2008, Schwarzman announced that he contributed $100 million toward the expansion of the New York Public Library, for which he serves as a trustee. The central reference building on 42nd Street and Fifth Avenue was renamed The Stephen A. Schwarzman Building. In 2018, Schwarzman donated $10 million to another library, the National Library of Israel.

On April 21, 2013, Schwarzman announced a $100 million personal gift to establish and endow a scholarship program in China, Schwarzman Scholars, modeled after the Rhodes Scholarship program. Schwarzman simultaneously announced a fundraising campaign with a goal of $200 million. The Schwarzman Scholars program is housed at Tsinghua University. Since its inception, the program has maintained ties to the United Front Work Department as well as other organizations and personnel affiliated with the Chinese Communist Party.

In spring 2015, Peter Salovey, the president of Yale University, announced that Schwarzman contributed $150 million to fund a campus center in the university's historic "Commons" dining facility. Additionally, Schwarzman is also a member of the Berggruen Institute's 21st Century Council.

He has sat on the board of trustees of New York-Presbyterian Hospital since 2016.In early 2018, it was announced that Schwarzman gave $25 million to Abington High School, his alma mater. However, this donation was contingent on several conditions, including naming rights to the school. After the public learned about the deal, a new agreement was made and Schwarzman removed several of the conditions for his donation, including renaming the school.

In October 2018, Schwarzman donated $350 million to the Massachusetts Institute of Technology to create the Schwarzman College of Computing.

In June 2019, the University of Oxford announced that Schwarzman had donated £150 million to establish the Schwarzman Centre for the Humanities, due to be completed for the university's 2024–25 academic year.

Schwarzman has been an adjunct professor at the Yale School of Management and was chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010. 

In October 2020, Schwarzman pledged to give $8 million to the USA Track and Field Foundation in the runup to the 2021 Tokyo and 2024 Paris Olympics.

In December 2021, Schwarzman and his wife Christine gave $25 million to the Animal Medical Center of New York in New York City. The hospital was renamed The Stephen and Christine Schwarzman Animal Medical Center.

In 2011, The Wall Street Journal reported on the vast water consumption of wealthy Palm Beach residents during exceptional drought conditions. Schwarzman was listed as a top-five water user, having consumed 7,409,688 gallons between June 2010 and May 2011. The average Palm Beach resident consumes 108,000 gallons per year.

In 2019, Schwarzman wrote his first book titled, What It Takes: Lessons in the Pursuit of Excellence, "which draws from his experiences in business, philanthropy and public service." His book became a New York Times Best Seller. However, the title was included with a dagger next to it, used to indicate that retailers reported receiving bulk purchases. 

In 1999, Schwarzman received the American Academy of Achievement's Golden Plate Award.

In December 2018, Schwarzman was awarded the Order of the Aztec Eagle, Mexico's highest honor for foreigners, by President Enrique Peña Nieto in recognition of Schwarzman's work on behalf of the U.S. in support of the U.S.-Mexico-Canada Agreement.