Stephen Schwarzman

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Sunday, May 02, 2010

Transcript

Stephen Schwarzman heads one of Wall Street’s most successful private equity firms, The Blackstone Group, which he launched together with Peter Peterson in 1985. Today with assets under management in excess of $98 billion, it is the largest firm in its field. According to Forbes Magazine, Schwarzman himself is a multibillionaire.

How Schwarzman learned classical music was unique. While in college, he had a fatalistic injury playing touch football that would trigger an encounter with classical music. Laid up over the summer, he set out “to listen to literally every composer”. In this revealing discussion with host Gilbert Kaplan, Schwarzman recounts that experience and also talks about:

  • His attempt at the violin as a child that lasted only three months when it became clear “I had no talent.”
  • How he became an impresario while attending Yale, launching a ballet program on campus for the first time.
  • Although he was once sighted reading financial reports throughout a concert at Carnegie Hall, he usually cannot work when music is on in the background.
  • He “got close” to making a gift to a New York musical institution, a “very, very large one and for whatever reason that one didn’t go forward.” Earlier he had made a $100 million gift to the New York Public Library.
  • His musical choices include works by Tchaikovsky, Brahms and Beethoven, “a very difficult character, probably the most muscular of the composers.”
  • In his fantasy he’d have been a star conductor.

Guests:

Stephen Schwarzman

Comments [2]

John Dixon from Old Greenwich, CT

I've been addicted to WQXR's Classical repertoire for over 50 years. Love it! And listen many hours a day.
BUT I was delighted to hear Rod Stewart's "Maggie" on tonight's Mad About Music. I know it's flawed, but for me, too, it epitomizes the early 1970s, and I'm very pleased that WQXR gave a few minutes to it tonight.

May. 02 2010 09:53 PM
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Gerry DeChaves

As I write, I am listening to "Mad About Music", quite honestly "for the first time" and in the process, heard a reference to Blackstone, a group that I had heard of. It grabbed my attention and I must say that I find it super gratifying that a person who is so successful in the business world finds time to pay this much attention to music. I only wish that more people in the position of a Stephen Schwarzman would emulate him.

Well done Mr. Schwarzman!

May. 02 2010 09:53 PM
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