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Global Network. Net worth over time $9.5B The Schwarzman Scholars program prides itself on its reputation for finding and nurturing students of demonstrated academic excellence from different countries, cultures and socioeconomic backgrounds. He is the founder of the Schwarzman Scholars program, which “gives the world’s best and brightest students the opportunity to develop their leadership skills and professional networks through a one-year Master’s Degree at Tsinghua University in Beijing.” All Rights Reserved, This is a BETA experience. They have, at time of press, $472 billion assets under management. Worth of The Schwarzman Scholars Scholarship. Stephen A. Schwarzman’s Net Worth And Career. 0. Click here for important Coronavirus updates. The donation will shape the way the oldest university in the English-speaking world will teach and research the humanities while also tackling new frontiers with the new Schwarzman Centre housing Oxford’s new Institute for Ethics in AI. Other gifts include the $100 million he gave to create a Rhodes Scholarship-like program called Schwarzman Scholars at Tsinghua University in Beijing to educate future global leaders about China in 2013. Back in 2008 he gave $100 million toward a $1 billion project to expand the New York Public Library’s lion-guarded Beaux Arts building on Fifth Avenue, renamed the Stephen A. Schwarzman Building. From our health and well-being to the future of work and manufacturing, AI will redefine the way we live, work, and interact.”. Stephen Schwarzman, the famously detail-oriented CEO and co-founder of the Blackstone Group, has placed a big bet on education -- and America's relationship with China. Every year, up to 200 Schwarzman Scholars will represent the world’s next generation of leaders — high-caliber individuals with open minds and limitless potential — a network of leaders who will serve as bridges between China and the rest of the world. Professor Louise Richardson, vice-chancellor of the university, said the donation, “will enable Oxford to remain at the forefront of both research and teaching while demonstrating the critical role the Humanities will play in helping human society navigate the technological changes of the 21st century.”, Oxford said Schwarzman's donation “recognises the essential role of the humanities in helping society confront and answer fundamental questions of the 21st century,” specifically artificial intelligence, which they claim “will challenge the very nature of what it means to be human and transform most aspects of our lives. Political and economic views. Apply for a one-year, fully-funded master’s program at Tsinghua University in Beijing, designed to build a global community of future leaders who will serve to deepen understanding between China and the rest of the world. I cover the work and wealth of Europe's richest. Schwarzman Scholars program is an international scholarship program founded by American financier Stephen A. Schwarzman. Schwarzman Scholars does not discriminate on the basis of race, color, sex, sexual orientation, gender identity, religion, age, national or ethnic origin, political beliefs, veteran status, or disability unrelated to job or course of study requirements. Schwarzman Scholars will prepare future leaders to interact in a constructive and collaborative way. It seems like a great program for recent US graduates with minimal or only a few years of work experience who want to gain exposure to China. Other gifts include the $100 million he gave to create a Rhodes Scholarship-like program called Schwarzman Scholars at Tsinghua University in Beijing to … Raised in Huntingdon Valley, Pennsylvania, Schwarzman is the son of a dry goods store owner and founded Blackstone with fellow billionaire Peter Peterson in 1985. The program launched in June 2016, upon the completion of Schwarzman College at Tsinghua University, located in Beijing, China Schwarzman Scholars’ world-class leadership curriculum was designed in collaboration with academic leaders from prestigious universities around the world. Schwarzman Scholars (Chinese: 苏世民学者; pinyin: Sūshìmín Xuézhě), founded by American financier Stephen A. Schwarzman, is a international postgraduate award program for students to study at Tsinghua University. The rank has been upgraded to 100th place on its list, as of April 2019. The Schwarzman Scholars program will pay all expenses for 200 students each year from around the world for a one-year master's program at Tsinghua University in Beijing. Schwarzman Scholars application. The rise of China presents both opportunities and challenges, as we become more intertwined economically and politically. Learn More. In 2015 he pledged $150 million to Yale to establish the Schwarzman Center, a cultural hub designed by A.M. Stern Architects that is slated to open in 2020. Chairman and CEO of the Blackstone Group Stephen A. Schwarzman (left) and PIMCO's co-founder William Gross (right) are among 13 billionaires who … Schwarzman Scholars/Yenching Academy - anyone applying? Transcripts/academic records from every degree-granting college or university attended (undergraduate or graduate – must be combined into one PDF and then uploaded). Revealing further details behind the donation, Schwarzman told Bloomberg TV that the link between the humanities, especially philosophy, and AI is the “second piece” of the puzzle going “beyond the technical.”. U.S. billionaire Stephen Schwarzman has donated $188.75 million (£150 million) to fund humanities research at the University of Oxford in what is the largest single donation to the British university “since the Renaissance.”. The Multi-millionaire businessman’s net worth, as of April 2019 is $14.6 billion. Schwarzman Scholars provides an international network of high-caliber global leaders, academics and innovators who will together serve as a bridge between China and the rest of the world. His goal was that the scholars would be like interpreters — helping explain Chinese culture and policies to the rest of the world, and vice versa. The 71-year-old co-founder and CEO of one of the giants of private equity, the Blackstone Group, and a friend to President Trump, Schwarzman has amassed an estimated net worth of $12 billion. Close. EDUCATION: Schwarzman’s giving as an individual has prioritized education. Whether in politics, business or science, the success of future leaders around the world will depend upon an understanding of China’s role in global trends. Back in start-up mode in 2014, building Schwarzman College at Tsinghua University in Beijing. Schwarzman is Co-Chair of the Board of Trustees of Schwarzman Scholars. Schwarzman established the scholarship in 2013, drawing inspiration from the Rhodes Scholarship at Oxford University. In any sector, the success of future leaders around the world depends upon an understanding of China’s role in global trends. Schwarzman is the chairman, CEO and cofounder of Blackstone, the world’s largest alternative investment firm. I am a wealth reporter at Forbes, based in London covering the business of billionaires, philanthropy, investing, tax, technology and lifestyle. Schwarzman, who in May donated $150 million to Yale for a new, state-of-the-art student center, is chairman and CEO of the private equity firm The Blackstone Group and has a net worth of $12.9 billion, according to Forbes. Information about the Schwarzman. The new facilities will include a 500-seat concert hall and a 250-seat auditorium as well as performance and exhibition spaces for music, dance and art. Schwarzman scholars, chosen from 3,000 applicants from around the world, spend a year studying for a master's degree and living in Beijing at Tsinghua University, which hosts the program. CEO and cofounder of Blackstone Stephen Schwarzman. China Admissions. He is a long-time friend of President Donald Trump and provides outside counsel, and served as chair of Trump's Strategic and Policy Forum. [In 2013, Schwarzman launched the Schwarzman Scholars program, roughly equivalent to Oxford’s Rhodes Scholars, for which he helped raise some $400 million.] Designed to prepare the next generation of global leaders, Schwarzman Scholars will give the world’s best and brightest students the opportunity to develop their leadership skills and professional networks through a year-long, fully-funded program. The Schwarzman Scholars admissions team has representatives all over the world to help potential candidates with inquiries. Here in Philadelphia, Schwarzman has been in the news a lot this spring. Archived. Connect with the team today. The Schwarzman Scholars program was inspired by the Rhodes Scholarship, which was founded in 1902 to promote international understanding and peace, and is designed to meet the challenges of the 21st century and beyond. The Schwarzman Scholars Program is a unique 1-year master’s program open to students regardless of nationality, major, or knowledge of China & Mandarin Chinese. Schwarzman Scholars offers one-of-a-kind perspectives that you can’t get from a book. He was ranked at 117th on Forbes’ World’s Billionaire List. Stephen A. Schwarzman College of Computing, it was announced, would create 50 new faculty positions and multiple fellowships for graduate students. What happens to the displacement of workers—all these unexpected consequences?” he said. Long story short, I'm a recent grad with some interest in China (took a couple years of the language and a few area courses in school). The M.I.T. We need to ensure that its insights and principles can be adapted to today’s dynamic world. US & Global Admissions. “For nearly 1,000 years, the study of the humanities at Oxford has been core to Western civilization and scholarship. Oxford’s longstanding global leadership in the humanities uniquely positions it to achieve this important objective,” said Schwarzman. Apply to join a globally interconnected community of Schwarzman Scholars. I studied at Goldsmiths, University of London and joined from Spear's Magazine, where I covered everything from the Westminster bubble to world of wealth management, private banking, divorce law, alternative assets, tax, tech and succession. Schwarzman Scholars is supported by a generous cohort of international Donors who have invested in the mission of the program and in the promise of our talented Scholars. An innovative leadership program will prepare students I am a wealth reporter at Forbes, based in London covering the business of billionaires, philanthropy, investing, tax, technology and lifestyle. In 2007, Mr. Schwarzman donated $100 million to the New York Public Library on whose board he serves. Schwarzman scholarship is one of the highly paid scholarships in the world. If transcripts are not in English, official translations must be included. Posted by 6 years ago. © 2020 Forbes Media LLC. admissions@sc.tsinghua.edu.cn. Tsinghua University is a major research university and one of the top universities in China. To receive occasional updates with news about the Schwarzman Scholars application process, curriculum, building and other program developments, please join our mailing list. Admissions Contacts. © 2020 Schwarzman Scholars. His Schwarzman Scholars, inspired by the Rhodes Scholarships, sends students from around the world to a one-year master's program at China's Tsinghua University. The Schwarzman Scholars program is the first scholarship created to respond to the geopolitical landscape of the 21st century by giving students the opportunity to develop leadership skills and professional networks through a one-year master’s degree at Tsinghua University in Beijing, China. Is it worth it? You may opt-out by. Schwarzman graduated from Yale in 1969. Stephen A. Schwarzman with President Donald Trump. “As I was learning about what Oxford was doing I realized that their capabilities in humanities played right into my concerns about what happens when you introduce AI globally. Former Prime Minister of Great Britain and Northern Ireland. Schwarzman College welcomes fifth cohort of scholars. Schwarzman’s donation to the British university is the latest in a series of mega-donations to academic institutions. In 2018 he made the largest-ever gift by a philanthropist to a public high school when he announced plans to donate $25 million to his alma mater, Abington High School, in suburban Philadelphia. The students chosen to become Schwarzman Scholars will get a comprehensive scholarship. Schwarzman Scholars/Yenching Academy - anyone applying? But after a community protest, plans to rename the school Abington Schwarzman High School were scotched. Our curriculum has been designed by leading academics and faculty to build students' leadership abilities and deepen their knowledge of China's role in global affairs. All rights reserved. The program's creation underlines the tremendous importance of China and its market to Wall Street financiers and corporate leaders, who have becom! Is it worth it? Those who will lead the future must understand China today. This field is for validation purposes and should be left unchanged. Schwarzman is a Republican. Schwarzman Campus Application Instructions 2017. I joined Forbes in May 2019. 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I studied at Goldsmiths. The program is intended to prepare the next generation of global leaders. admissions@schwarzmanscholars.org. Schwarzman College of Tsinghua University hosted an opening ceremony on September 10 for the class of 2020-2021, a group of 131 young talents from 40 countries and regions. They have been critical to the early and continued success of the program. Originally Answered: What do you think of Schwarzman Scholars? Schwarzman Scholars is the first scholarship created to respond to the geopolitical landscape of the 21st century. Oxford University also plans to use the donation to expand its roster of academic posts and scholarships in a bid to attract a new new generation of students to the humanities and tackle criticism it has failed to recruit a diverse student body. Designed to prepare the next generation of global leaders, Schwarzman Scholars is the first scholarship created to respond to the geopolitical landscape of the 21st Century. Notable bylines include an investigation into Switzerland's bi-lateral bonds to the European Union, and a journey through Bhutan - testing the hunger for democracy, and the love for their King. Because that’s where the leaders went, and so that was the right locus. Blackstone specializes in private equity, credit and hedge fund investment strategies. Instead, a new science and technology wing will carry his name. A year spent in China provides Scholars myriad experiences that create lifelong friendships and a valuable set of cross-cultural leadership skills. Awards are made to 100-200 applicants per year, worldwide. A year spent in China provides Scholars myriad experiences that create lifelong friendships and a valuable set of cross-cultural leadership skills. Schwarzman Scholars are future leaders: together they will create a more peaceful and prosperous future for all. In October last year, Schwarzman, donated $350 million for a new $1 billion college for the study of artificial intelligence at the Massachusetts Institute of Technology. Specialized instruction from Tsinghua University faculty and visiting scholars will be combined with mentoring and internships. Schwarzman says he donated $100 million to start Schwarzman Scholars at Tsinghua because he feared the rising tide of populism in the United States would ultimately lead to a backlash against China. Schwarzman Scholars offers one-of-a-kind perspectives that you can’t get from a book. At the time, the idea for Schwarzman Scholars was unproven, unprecedented, and, in many people’s eyes, impossible. What I did with MIT was try to deal with the impact of AI on society, which will be immense. Schwarzman Scholars isn’t just about what you learn – it’s about becoming a leader and forming global relationships that can be activated over a lifetime. The Schwarzman Scholars experience is anchored in a rigorous and immersive Master of Global Affairs degree program at Tsinghua University in Beijing. The Schwarzman Scholars Program is curated to prepare young leaders to deepen understanding between China and the rest of the world. The Schwarzman Scholar offers master degree scholarship to identify the most promising young leaders from around the world. The Schwarzman Scholars is the first fully funded masters scholarship created to respond to the geopolitical landscape of the 21st Century. This year 200 scholarships will be awarded to students to study in China for free. Schwarzman, who, according to Forbes’ 2018 rating, has a personal net worth of $13.8 billion, donated $100 million toward building Schwarzman College at Tsinghua. Official translations must be combined with mentoring and internships because that ’ s where the leaders went, and in! Universities in China for free that was the right locus, and, many! 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