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Elite international scholarship program successfully raises $275 million and increases endowment target to $350 million Opens Beijing and New York offices and makes key hires One year ago today, Blackstone founder Stephen A. Schwarzman announced a $100 million personal gift and $200 million fundraising campaign to build and endow Schwarzman Scholars, an elite international scholarship…

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Blackstone founder Stephen A. Schwarzman announced at a groundbreaking ceremony for Schwarzman College at Tsinghua University in Beijing today that $260 million (¥1.6 billion) has been raised for Schwarzman Scholars, the elite international scholarship program in China, which was announced in April of this year. Schwarzman Scholars was inspired by the Rhodes Scholarship, and designed…

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Blackstone founder Stephen A. Schwarzman today announced a $100 million (¥600 million) personal gift to build and endow an elite scholarship program in China inspired by the prestigious Rhodes Scholarship program created in 1902 by British statesman Cecil J. Rhodes.  A simultaneous fundraising campaign with a goal of raising $200 million (¥1.2 billion) will make…

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