internal
Jonathan D. Gray
President and Chief Operating Officer
Executive
7 yr
5 reports
Blackstone Inc. ·BX
Founder-led Blackstone with just four CEO direct reports
Financials · Fortune #321 · Holding structure · 5K employees · New York, New York
View as of:
4
CEO span
↓ tighter than peers (avg 8)
3.6
Avg span
moderate
3
Max depth
3 levels
6.8 yr
Avg tenure
stable vs FY2024
100%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$14.5B
Net income
$3.0B
Total assets
$47.7B
Shares out
742M
Sourced from Blackstone Inc. 10-K · filed 2026-02-27 ↗ View on SEC
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Blackstone Inc. organizational chart
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Founder Stephen Schwarzman runs Blackstone with only four direct reports, an unusually tight CEO span for a global alternative asset manager. This page maps Blackstone’s executive structure, key investment heads, leadership analysis and peer comparison.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Scenario views in the chart
- Add Chief AI Officer Create a Chief AI Officer role reporting to the CEO to coordinate data, AI and automation across investment platforms.
- Move platform heads to report to CEO Shift major investment platform heads to report directly to the CEO, increasing CEO span but reducing reliance on the COO.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
5 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Stephen A. Schwarzman
Chairman and Chief Executive Officer
Executive
39 yr
9 reports
internal
Michael S. Chae
Vice Chairman and Chief Financial Officer
Finance
8 yr
0 reports
internal
Vikrant Sawhney
Chief Administrative Officer and Global Head of Institutional Client Solutions
Administration
6 yr
0 reports
internal
John G. Finley
Chief Legal Officer
Legal
6 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 5 named executive officers disclosed. Bar length scales with total compensation.
Stephen A. Schwarzman $125.6M
- Base salary
- $350K
- Other
- $125.29M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Jonathan D. Gray $96.1M
- Base salary
- $350K
- Stock awards
- $36.81M
- Other
- $58.92M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Michael S. Chae $29.3M
- Base salary
- $350K
- Stock awards
- $20.84M
- Other
- $8.09M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
John G. Finley $23.7M
- Base salary
- $350K
- Bonus
- $3.42M
- Stock awards
- $16.74M
- Other
- $3.16M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Vikrant Sawhney $27.8M
- Base salary
- $350K
- Stock awards
- $16.85M
- Other
- $10.58M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The businesses
How Blackstone Inc. divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Real Estate
2K employees
Global Head of Real Estate (Kathleen McCarthy)
Blackstone’s largest platform investing across global property sectors.
Private Equity
900 employees
Global Head of Private Equity (Joe Baratta)
Flagship buyout and growth equity investing platform.
Credit
800 employees
Global Head of Credit (Dwight Scott)
Credit and insurance solutions across public and private markets.
The thesis
Why this org is unusual
Blackstone is distinctive for how few executives report directly to its founder-CEO.
Stephen Schwarzman has only four direct reports, concentrating authority at the top while delegating day-to-day investment platform control to the President/COO.
The President and COO role held by Jonathan Gray is the real operating nexus, overseeing the major investment businesses including real estate, private equity, credit, infrastructure and life sciences. This keeps the CEO focused on strategy, capital formation and external relationships.
Compared with most diversified financial firms, Blackstone’s structure is unusually flat at the top but highly federated below, with powerful global heads running asset-class platforms with significant autonomy.
- Founder CEO with minimal direct reports
- COO oversees all investment platforms
The comparison
How Blackstone Inc. stacks up
Relative to peers like Apollo, KKR and Carlyle, Blackstone stands out for its founder-centric model and limited CEO span. Many peers have broader C-suites with more direct CEO reports. Blackstone’s reliance on a strong President/COO contrasts with firms such as Apollo, where business heads often report directly to the …
C-suite size
Reporting depth
Blackstone Inc.
3 levels
Apollo Global Management
4 levels
4 levels
Carlyle Group
5 levels
Brookfield Asset Management
5 levels
Avg C-suite tenure
Blackstone Inc.
7 yr
Apollo Global Management
6 yr
7 yr
Carlyle Group
4 yr
Brookfield Asset Management
8 yr
Has COO / Has CAIO
Blackstone Inc. ✓ COO — no CAIO
Apollo Global Management ✓ COO — no CAIO
Carlyle Group ✓ COO — no CAIO
Brookfield Asset Management — no COO — no CAIO
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
10-K filed 2026-02-27
- CEO
- Stephen A. Schwarzman
- CEO span
- 4
- C-suite
- 5
- Avg tenure
- 6.8 yr
Founder-led structure with a small, stable executive team.
Named executive officers (5)
- Stephen A. Schwarzman - CEO since 1985
- Jonathan D. Gray - President & COO since 2018
- Michael S. Chae - CFO since 2018
- John G. Finley - Chief Legal Officer since 2019
- Vikrant Sawhney - Chief Administrative Officer since 2019
FY2024
10-K filed 2025-02-28
- CEO
- Stephen A. Schwarzman
- CEO span
- 4
- C-suite
- 5
- Avg tenure
- 6.2 yr
No change in top leadership roles year over year.
Named executive officers (5)
- Stephen A. Schwarzman - CEO since 1985
- Jonathan D. Gray - President & COO since 2018
- Michael S. Chae - CFO since 2018
- John G. Finley - Chief Legal Officer since 2019
- Vikrant Sawhney - Chief Administrative Officer since 2019
FY2023
10-K filed 2024-02-23
- CEO
- Stephen A. Schwarzman
- CEO span
- 4
- C-suite
- 5
- Avg tenure
- 5.6 yr
Continuation of a highly stable executive lineup.
Named executive officers (5)
- Stephen A. Schwarzman - CEO since 1985
- Jonathan D. Gray - President & COO since 2018
- Michael S. Chae - CFO since 2018
- John G. Finley - Chief Legal Officer since 2019
- Vikrant Sawhney - Chief Administrative Officer since 2019
Year-over-year changes
Leadership roles and reporting lines remained unchanged, with increasing tenure.
- CEO span: 4 → 4
- C-suite size: 5 → 5
- Avg tenure: 5.6 → 6.2 yr
Blackstone maintained a stable, founder-centric leadership structure.
- CEO span: 4 → 4
- C-suite size: 5 → 5
- Avg tenure: 6.2 → 6.8 yr
Frequently Asked Questions
Who is the CEO of Blackstone?
Stephen A. Schwarzman is Chairman and CEO of Blackstone and has led the firm since its founding in 1985.
What type of organizational structure does Blackstone use?
Blackstone operates a holding-company structure with autonomous investment platforms overseen by a central executive team.
How many direct reports does Blackstone's CEO have?
Stephen Schwarzman has four direct reports: the President/COO, CFO, Chief Legal Officer and Chief Administrative Officer.
How has Blackstone's leadership changed recently?
There have been no major C-suite changes disclosed in recent SEC filings through fiscal year 2025.
Does Blackstone have a COO?
Yes. Jonathan D. Gray serves as President and Chief Operating Officer and oversees all major investment businesses.
Sources
- www.blackstone.com/leadership/
- SEC EDGAR: Blackstone Inc. DEF 14A Proxy Statement
- SEC EDGAR: Blackstone Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Blackstone Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/blackstone/MLA 9th
"Blackstone Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/blackstone/. Accessed .Chicago 17
Creately. "Blackstone Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/blackstone/.Original SEC source View on SEC ↗
Blackstone Inc.. 10-K. Filed 2026-02-27. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1393818/000119312526082531/d48618d10k.htmPermanent URL: https://creately.com/org-chart/fortune-500/blackstone/ · last updated 2026-04-01