Core Insights - Blackstone's distributable earnings surged by 25% in Q2, driven by contributions from retail and perpetual funds [1][3] - The company's performance was bolstered by a 167% year-over-year increase in fee-related performance income, amounting to $472 million [2][3] - The total distributable earnings reached $1.57 billion, translating to earnings per share of $1.21, exceeding market expectations of $1.10 [3] Fund Performance - Blackstone raised $52 billion in new capital during the quarter, with approximately 20% coming from private wealth channels [4] - The firm manages $280 billion in assets for private wealth clients, representing about a quarter of its total $1.2 trillion in managed assets [4] - The private equity segment saw a 12% year-over-year increase in net realizations, while the real estate segment experienced a 37% decline [4] Market Environment - The perpetual fund business has become a strong growth driver for the company amid a challenging transaction environment [3][4] - The credit and insurance segments continue to thrive, accounting for over half of the company's net flows during the quarter [4] - Despite a slowdown in transaction channels following tariff impositions, there are signs of expansion in the current market [4]

黑石集团第二季度每股可分配收益1.21美元，上年同期0.96美元，预估1.10美元。 黑石集团第二季度管理资产1.21万亿美元，同比增加13%，预估1.19万亿美元。 ...

[Earnings Release Overview](index=1&type=section&id=Blackstone%20Reports%20Second%20Quarter%202025%20Results) Blackstone reported strong Q2 2025 results, achieving significant earnings growth and a record $1.2 trillion in Assets Under Management, driven by broad business expansion and fund appreciation [Performance Summary](index=1&type=section&id=Performance%20Summary) Blackstone achieved outstanding Q2 2025 results, with AUM growing 13% to over $1.2 trillion and strong fund appreciation across key businesses - Total Assets Under Management (AUM) increased **13% year-over-year** to a new industry record of over **$1.2 trillion**[2](index=2&type=chunk) - The firm experienced significant growth in its private wealth, credit and insurance, and infrastructure businesses[2](index=2&type=chunk) - Despite market volatility, Blackstone achieved its highest overall fund appreciation in nearly four years, indicating strong investment performance[2](index=2&type=chunk) [Dividend and Investor Information](index=1&type=section&id=Dividend%20and%20Investor%20Information) Blackstone declared a quarterly dividend of $1.03 per share for Q2 2025, payable on August 11, 2025, with an investor call scheduled for July 24, 2025 Q2 2025 Dividend Information | Metric | Details | | :--- | :--- | | **Dividend per Share** | $1.03 | | **Record Date** | August 4, 2025 | | **Payment Date** | August 11, 2025 | - An investor conference call and webcast to discuss the Q2 2025 results was scheduled for July 24, 2025[4](index=4&type=chunk) [Financial Performance](index=5&type=section&id=Financial%20Performance) Blackstone demonstrated robust financial performance in Q2 2025, marked by significant increases in GAAP net income, Fee Related Earnings, and Distributable Earnings [GAAP Results](index=5&type=section&id=BLACKSTONE%27S%20SECOND%20QUARTER%202025%20GAAP%20RESULTS) For Q2 2025, Blackstone reported GAAP Net Income of $1.6 billion, with Net Income Attributable to Blackstone Inc. reaching $764 million, significantly increasing Diluted Net Income Per Share GAAP Financial Summary (Q2 2025 vs Q2 2024) | Metric ($ in thousands, except per share) | 2Q'25 | 2Q'24 | | :--- | :--- | :--- | | **Total Revenues** | $3,711,900 | $2,796,381 | | **Net Income** | $1,626,133 | $948,363 | | **Net Income Attributable to Blackstone Inc.** | $764,244 | $444,414 | | **Diluted Net Income Per Share** | $0.98 | $0.58 | [Key Financial Highlights (Non-GAAP)](index=6&type=section&id=BLACKSTONE%27S%20SECOND%20QUARTER%202025%20HIGHLIGHTS) Blackstone's key non-GAAP financial metrics showed strong performance in Q2 2025, with Fee Related Earnings at $1.5 billion and Distributable Earnings at $1.6 billion, contributing to record AUM Q2 2025 & LTM Non-GAAP Financial Metrics | Metric | Q2 2025 | LTM | | :--- | :--- | :--- | | **Fee Related Earnings (FRE)** | $1.5B ($1.19/share) | $5.7B ($4.68/share) | | **Distributable Earnings (DE)** | $1.6B ($1.21/share) | $6.4B ($5.00/share) | | **Inflows** | $52.1B | $211.8B | | **Deployment** | $33.1B | $145.1B | | **Realizations** | $23.4B | $97.5B | - Net Accrued Performance Revenues stood at **$6.6 billion**, or **$5.37 per share**[14](index=14&type=chunk) [Segment Earnings](index=7&type=section&id=BLACKSTONE%27S%20SECOND%20QUARTER%202025%20SEGMENT%20EARNINGS) In Q2 2025, Total Segment Distributable Earnings increased 26% year-over-year to $1.8 billion, driven by a 31% rise in Fee Related Earnings, primarily from a 167% surge in Fee Related Performance Revenues Segment Earnings Summary (Q2 2025 vs Q2 2024) | Metric ($ in thousands) | 2Q'25 | 2Q'24 | % Change | | :--- | :--- | :--- | :--- | | **Fee Related Earnings** | $1,459,503 | $1,110,970 | 31% | | **Total Segment Distributable Earnings** | $1,785,421 | $1,419,374 | 26% | | **DE per Common Share** | $1.21 | $0.96 | 26% | - Fee Related Performance Revenues saw a substantial increase of **167% YoY**, reaching **$472 million** in Q2 2025[15](index=15&type=chunk) [Investment Performance](index=8&type=section&id=Investment%20Performance) Blackstone's investment performance was strong in Q2 2025, with appreciation across nearly all strategies, notably Corporate Private Equity, contributing to a rise in Net Accrued Performance Revenues - Net Accrued Performance Revenues rose to **$6.6 billion** (**$5.37/share**) due to appreciation across most strategies[17](index=17&type=chunk) Q2 2025 Investment Performance (Appreciation / Gross Returns) | Strategy | 2Q'25 | 2Q'25 LTM | | :--- | :--- | :--- | | **Corporate Private Equity** | 5.1% | 17.2% | | **Secondaries** | 6.6% | 10.9% | | **Infrastructure** | 2.9% | 19.1% | | **Private Credit** | 3.0% | 13.3% | | **Real Estate (Opportunistic)** | 0.1% | (3.6)% | [Capital and Asset Management](index=9&type=section&id=Capital%20and%20Asset%20Management) Blackstone significantly expanded its capital base and assets under management in Q2 2025, driven by substantial inflows and strategic deployments [Capital Metrics](index=9&type=section&id=CAPITAL%20METRICS%20%E2%80%93%20ADDITIONAL%20DETAIL) In Q2 2025, Blackstone attracted $52.1 billion in inflows, deployed $33.1 billion, and realized $23.4 billion, with Credit & Insurance being the largest contributor to inflows and deployment Capital Metrics by Segment - Q2 2025 ($ in millions) | Segment | Inflows | Capital Deployed | Realizations | | :--- | :--- | :--- | :--- | | **Real Estate** | $7,222 | $6,168 | $5,249 | | **Private Equity** | $15,323 | $11,759 | $7,316 | | **Credit & Insurance** | $26,818 | $14,098 | $9,962 | | **Multi-Asset Investing** | $2,714 | $1,055 | $825 | | **Total Blackstone** | **$52,077** | **$33,080** | **$23,352** | - The firm committed an additional **$19.5 billion** during the quarter that was not yet deployed[24](index=24&type=chunk) [Assets Under Management (AUM)](index=10&type=section&id=ASSETS%20UNDER%20MANAGEMENT) Blackstone's Total AUM grew 13% year-over-year to $1.211 trillion as of June 30, 2025, with Fee-Earning AUM increasing 10% and Perpetual Capital AUM rising 16% AUM Summary as of June 30, 2025 | AUM Category | Amount ($B) | YoY Change | | :--- | :--- | :--- | | **Total AUM** | $1,211.2 | +13% | | **Fee-Earning AUM** | $887.1 | +10% | | **Perpetual Capital AUM** | $484.6 | +16% | - Fee-Earning Perpetual Capital AUM increased to **$415.9 billion**, representing **47%** of total Fee-Earning AUM[27](index=27&type=chunk) [Additional Capital Detail](index=11&type=section&id=ADDITIONAL%20CAPITAL%20DETAIL) As of quarter-end, Blackstone maintained $181.2 billion in Total Dry Powder for future investments, while Invested Performance Eligible AUM grew 14% year-over-year to $604.4 billion - Total Dry Powder available for future investments stands at **$181.2 billion**[32](index=32&type=chunk) - Invested Performance Eligible AUM increased by **14% year-over-year** to **$604.4 billion**[32](index=32&type=chunk) [Segment Highlights](index=12&type=section&id=Segment%20Highlights) Blackstone's segments demonstrated varied performance in Q2 2025, with Private Equity and Credit & Insurance showing strong AUM and earnings growth [Real Estate](index=14&type=section&id=REAL%20ESTATE) The Real Estate segment reported a slight 3% YoY decrease in Total AUM to $325.0 billion, but saw a 10% increase in Segment Distributable Earnings to $566 million, driven by higher Fee Related Earnings Real Estate Segment Financials (Q2 2025 vs Q2 2024) | Metric ($ in thousands) | 2Q'25 | 2Q'24 | % Change | | :--- | :--- | :--- | :--- | | **Segment Distributable Earnings** | $565,870 | $516,511 | 10% | | **Fee Related Earnings** | $543,625 | $481,281 | 13% | | **Total AUM** | $324,994,725 | $336,100,271 | (3)% | - Key inflows included **$2.4 billion** in BREDS and **$1.1 billion** in BREIT, with capital deployment focused on commercial real estate loans and an industrial portfolio[40](index=40&type=chunk) [Private Equity](index=15&type=section&id=PRIVATE%20EQUITY) The Private Equity segment demonstrated robust growth, with Total AUM increasing 18% YoY to $388.9 billion and Segment Distributable Earnings surging 55% to $751 million, driven by strong fund appreciation Private Equity Segment Financials (Q2 2025 vs Q2 2024) | Metric ($ in thousands) | 2Q'25 | 2Q'24 | % Change | | :--- | :--- | :--- | :--- | | **Segment Distributable Earnings** | $751,419 | $485,811 | 55% | | **Fee Related Earnings** | $519,404 | $278,050 | 87% | | **Total AUM** | $388,907,242 | $330,589,586 | 18% | - Quarterly inflows of **$15.3 billion** were driven by fundraising for Infrastructure, a new Asia fund, and Secondaries, with **$11.8 billion** in capital deployed[43](index=43&type=chunk) - Corporate Private Equity appreciated **5.1%** in the quarter and **17.2%** over the LTM, while Infrastructure appreciated **2.9%** in the quarter and **19.1%** over the LTM[43](index=43&type=chunk) [Credit & Insurance](index=16&type=section&id=CREDIT%20%26%20INSURANCE) The Credit & Insurance segment's Total AUM grew 23% YoY to $407.3 billion, fueled by $26.8 billion in inflows and a 12% rise in Segment Distributable Earnings to $396 million Credit & Insurance Segment Financials (Q2 2025 vs Q2 2024) | Metric ($ in thousands) | 2Q'25 | 2Q'24 | % Change | | :--- | :--- | :--- | :--- | | **Segment Distributable Earnings** | $395,785 | $354,079 | 12% | | **Fee Related Earnings** | $333,025 | $297,059 | 12% | | **Total AUM** | $407,296,172 | $330,117,204 | 23% | - Inflows included **$8.9 billion** for the global direct lending strategy and **$7.1 billion** for infrastructure and asset-based credit, alongside a new partnership with Legal & General (L&G)[46](index=46&type=chunk) [Multi-Asset Investing](index=17&type=section&id=MULTI-ASSET%20INVESTING) The Multi-Asset Investing segment's Total AUM increased 13% YoY to $90.0 billion, with Segment Distributable Earnings growing 15% to $72 million, and its Absolute Return Composite outperforming the HFRX Global Hedge Fund Index Multi-Asset Investing Segment Financials (Q2 2025 vs Q2 2024) | Metric ($ in thousands) | 2Q'25 | 2Q'24 | % Change | | :--- | :--- | :--- | :--- | | **Segment Distributable Earnings** | $72,347 | $62,973 | 15% | | **Fee Related Earnings** | $63,449 | $54,580 | 16% | | **Total AUM** | $90,009,202 | $79,564,750 | 13% | - The Absolute Return Composite's gross return of **2.8%** in Q2 (**11.8% LTM**) significantly outperformed the HFRX Global Hedge Fund Index's return of **1.8%** (**4.7% LTM**)[49](index=49&type=chunk) [Shareholder Returns](index=27&type=section&id=Shareholder%20Returns) Blackstone delivered increased shareholder returns in Q2 2025 through higher dividends per share and continued share repurchase activity [Dividends](index=27&type=section&id=SHAREHOLDER%20DIVIDENDS) Blackstone generated $1.21 of Distributable Earnings (DE) per common share in Q2 2025, a 26% increase, leading to a declared quarterly dividend of $1.03 per common share, also up 26% YoY Dividend and Earnings Per Share (Q2 2025 vs Q2 2024) | Per Share Data | 2Q'25 | 2Q'24 | % Change | | :--- | :--- | :--- | :--- | | **DE per Common Share** | $1.21 | $0.96 | 26% | | **Actual Dividend per Common Share** | $1.03 | $0.82 | 26% | [Share Repurchases and Outstanding Shares](index=28&type=section&id=Share%20Repurchases%20and%20Outstanding%20Shares) During Q2 2025, Blackstone repurchased 0.2 million common shares, with $1.8 billion remaining under its authorization, and total Distributable Earnings Shares Outstanding at 1.23 billion - Repurchased **0.2 million** common shares in Q2 2025 and **1.7 million** over the LTM[81](index=81&type=chunk) - The remaining share repurchase authorization was **$1.8 billion** as of June 30, 2025[81](index=81&type=chunk) Share Count Summary (as of Q2 2025) | Share Category | Number of Shares | | :--- | :--- | | **Participating Common Shares** | 782,567,390 | | **Participating Partnership Units** | 447,574,842 | | **Total DE Shares Outstanding** | 1,230,142,232 | [Supplemental Information and Disclosures](index=18&type=section&id=Supplemental%20Information%20and%20Disclosures) This section provides additional financial details, including balance sheet highlights, detailed performance revenues, investment records, and reconciliations of GAAP to non-GAAP measures [Balance Sheet Highlights](index=21&type=section&id=Balance%20Sheet%20Highlights) As of June 30, 2025, Blackstone maintained a strong and liquid balance sheet with $10.6 billion in total cash and investments, and $20.5 billion in total cash and net investments Balance Sheet Summary (Deconsolidated, as of June 30, 2025) | Item ($ in millions) | Amount | | :--- | :--- | | **Cash and Cash Equivalents** | $2,235 | | **Corporate Treasury and Other Investments** | $8,336 | | **Total Cash and Investments** | **$10,571** | | **Outstanding Debt (at par)** | $12,004 | | **Cash and Net Investments** | $20,468 | - The company maintains A+/A+ credit ratings and has a **$4.3 billion** credit revolver with **$3.6 billion** undrawn capacity[57](index=57&type=chunk) [Net Accrued Performance Revenues Detail](index=22&type=section&id=NET%20ACCURUED%20PERFORMANCE%20REVENUES%20%E2%80%93%20ADDITIONAL%20DETAIL) Net Accrued Performance Revenues (NAPR) totaled $6.6 billion at the end of Q2 2025, with the Private Equity segment being the largest contributor at $5.2 billion Net Accrued Performance Revenues by Segment (as of June 30, 2025) | Segment ($ in millions) | Amount | Per Share | | :--- | :--- | :--- | | **Real Estate** | $923 | $0.75 | | **Private Equity** | $5,212 | $4.24 | | **Credit & Insurance** | $369 | $0.30 | | **Multi-Asset Investing** | $103 | $0.08 | | **Total** | **$6,608** | **$5.37** | - The QoQ increase in NAPR was driven by **$840 million** in net performance revenues, partially offset by **$631 million** in net realized distributions[59](index=59&type=chunk) [Investment Records](index=23&type=section&id=INVESTMENT%20RECORDS%20AS%20OF%20JUNE%2030%2C%202025%28a%29) This section details the performance of Blackstone's individual funds, providing key metrics like MOIC and Net IRR for drawdown and perpetual capital strategies - The Total Global BREP (Blackstone Real Estate Partners) funds show a total MOIC of **1.8x** and a total net IRR of **14%**[62](index=62&type=chunk) - The Total Corporate Private Equity funds show a total MOIC of **2.0x** and a total net IRR of **15%**[62](index=62&type=chunk) - Performance for selected perpetual capital strategies is also detailed, including BREIT (**9% total net return**), BIP (**17% total net return**), and BCRED (**10% total net return**)[66](index=66&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures](index=29&type=section&id=Reconciliations%20and%20Disclosures) This section provides detailed reconciliations of GAAP financial results to non-GAAP measures like Distributable Earnings and Fee Related Earnings, explaining key adjustments - Provides a full reconciliation from GAAP Net Income Attributable to Blackstone Inc. to Distributable Earnings (DE) and Fee Related Earnings (FRE)[86](index=86&type=chunk) - Details adjustments for non-cash or non-operational items such as unrealized gains/losses, amortization of intangibles, and equity-based compensation[86](index=86&type=chunk) - Includes reconciliation of GAAP shares outstanding to the Distributable Earnings shares outstanding used for per-share calculations[97](index=97&type=chunk) [Definitions and Dividend Policy](index=40&type=section&id=DEFINITIONS%20AND%20DIVIDEND%20POLICY) Blackstone defines its key non-GAAP metrics, including Segment Distributable Earnings, Distributable Earnings, Fee Related Earnings, and Adjusted EBITDA, and outlines its dividend policy of paying approximately 85% of Distributable Earnings quarterly - Defines key non-GAAP metrics: Distributable Earnings (DE) as a measure of realized earnings available for distribution, and Fee Related Earnings (FRE) as a measure of recurring profits[116](index=116&type=chunk) - The stated dividend policy is to pay holders of common stock a quarterly dividend of approximately **85%** of Blackstone Inc.'s share of Distributable Earnings[118](index=118&type=chunk) - The declaration and payment of dividends are at the sole discretion of the board of directors and the policy can be changed at any time[118](index=118&type=chunk)

Read This Next: Analysts expect the New York-based company to report quarterly earnings at $1.1 per share, up from 96 cents per share in the year-ago period. Blackstone is projected to report quarterly revenue of $2.81 billion, compared to $2.52 billion a year earlier, according to data from Benzinga Pro. Blackstone shares gained 1.5% to close at $171.96 on Wednesday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, ana ...

Group 1 - Elon Musk remains the richest person in the world with a net worth of $414.9 billion, showing a slight increase of $125.3 million or 0.06% [2] - Larry Ellison ranks second with a net worth of $287.8 billion, increasing by $1.41 billion or 1.44% [2] - Mark Zuckerberg's net worth is $246.2 billion, up by $300 million or 1.23% [2] - Jeff Bezos holds the fourth position with a net worth of $241.2 billion, with a modest increase of $74.2 million or 0.31% [2] - Larry Page and Sergey Brin, co-founders of Google, have net worths of $156.8 billion and $149.7 billion respectively, both experiencing slight declines [2] Group 2 - Nvidia's CEO Jensen Huang has a net worth of $148.7 billion, increasing by $3.2 billion or 2.22% [2] - The Arnault family, associated with LVMH, has a net worth of $148.6 billion, up by $4.2 billion or 2.9% [2] - Warren Buffett's net worth is $144.4 billion, with an increase of $1.7 billion or 1.17% [2] - Steve Ballmer, former Microsoft CEO, has a net worth of $142.5 billion, increasing by $134 million or 0.09% [2] - Michael Dell's net worth stands at $127.2 billion, with an increase of $2 billion or 1.56% [2] Group 3 - Amancio Ortega has a net worth of $117.6 billion, increasing by $1.9 billion or 1.6% [3] - Bill Gates' net worth is $117.3 billion, with a slight increase of $36.8 million or 0.31% [3] - The Walton family members, Rob and Jim, have net worths of $114.9 billion and $113.8 billion respectively, both showing slight declines [3] - Mukesh Ambani's net worth is $107.7 billion, increasing by $895 million or 0.84% [3] - The Koch family has a net worth of $67.5 billion, remaining unchanged [3]

-- | 排名 | 名字 | 身价(美元) | 身价变化 | 公司 | | --- | --- | --- | --- | --- | | | 埃隆·马斯克 | 4146亿 | 1 20亿 0.49% | | | 2 | 拉里·埃里森 | 2838亿 | 4 -57亿 -1.97% | 甲骨文 | | | 马克·扎克伯格 | 2432亿 | + -28亿 -1.13% | Meta | | 4 | 杰夫·贝佐斯 | 2404亿 | + -17亿 -0.68% | 亚马逊 | | 5 | 拉里·佩奇 | 0 1575亿 | 1 8.54亿 0.55% | 谷歌 | | 6 | 谢尔盖·布林 | 1503亿 | 1 7.99亿 0.53% | 谷歌 | | 7 | 黄仁勋 | 1454亿 | + -37亿 -2.51% | 英伟达 | | 8 | 贝尔纳·阿尔诺家族 | 1441亿 | + -9.72亿 -0.67% | LVMH | | 9 | 沃伦·巴菲特 | 1428亿 | -1 7.35亿 0.52% | 伯克希尔哈撒韦 | | 10 | 史蒂夫·鲍尔默 | 1424亿 | + - 11亿 -0.74% ...

Core Viewpoint - The article highlights the successful IPO of Cirsa, a Spanish gaming giant, which resulted in a remarkable return of over €20 billion (approximately ¥170 billion) for Blackstone, showcasing a textbook example of a merger and acquisition strategy [2][4]. Summary by Sections IPO Success - Cirsa's IPO was initially delayed due to a sluggish European market but ultimately achieved significant oversubscription, with a first-day stock price increase of 6.7%, leading to a market capitalization of €2.7 billion [3][7]. - The successful listing is seen as a pivotal moment for the European IPO market, setting a positive tone for future listings [3]. Acquisition Details - Blackstone acquired 100% of Cirsa in April 2018 for approximately €2.1 billion, leveraging about €1.5 billion in debt, resulting in a net equity investment of around €500 million [5][6]. - Within a year of the acquisition, Blackstone recouped over half of its equity investment through a dividend recapitalization, followed by a significant one-time dividend of €230 million before the IPO [7][8]. Financial Performance - Cirsa's financial recovery post-COVID-19 was notable, with EBITDA nearly doubling and a debt-to-EBITDA ratio improving from 5.5 times to 2.8 times by the time of the IPO [10][17]. - The company's revenue reached €2.15 billion in 2024, reflecting an 8% year-on-year growth, while EBITDA grew by 11% to €699 million [17]. Strategic Management - Blackstone's management strategy involved minimal changes to Cirsa's existing leadership and operational strategies, allowing the company to continue its growth trajectory without major disruptions [12][11]. - The firm also facilitated Cirsa's expansion into online gaming, which became a significant growth driver, with online revenue increasing from 16.7% to 22.7% of total revenue [16]. Future Outlook - Cirsa plans to invest €400 to €500 million in acquisitions over the next three years, with a pipeline of up to 100 potential targets, indicating further growth potential for Blackstone's investment [17].

Wealth Rankings - Elon Musk remains the richest person with a net worth of $412.6 billion, experiencing a decrease of $6.53 million or 0.16% [2] - Larry Ellison ranks second with a net worth of $289.5 billion, down by $21 million or 0.72%, associated with Oracle [2] - Mark Zuckerberg's net worth increased by $130 million or 1.22%, bringing it to $246 billion, linked to Meta [2] - Jeff Bezos saw an increase of $290 million or 1.2%, with a net worth of $242.1 billion, related to Amazon [2] - Larry Page's wealth rose by $140 million or 2.61%, totaling $156.6 billion, connected to Google [2] - Sergey Brin's net worth increased by $137 million or 2.55%, reaching $149.5 billion, also associated with Google [2] - Nvidia's Jensen Huang's wealth decreased by $8.87 million or 0.59%, totaling $149.2 billion [2] - The Arnault family's net worth decreased by $12 million or 0.82%, amounting to $144.4 billion, linked to LVMH [2] - Steve Ballmer's wealth remained stable with a slight increase of $2.2 million, totaling $143.5 billion, associated with Microsoft [2] - Warren Buffett's net worth increased by $4.3 million, reaching $142 billion, connected to Berkshire Hathaway [2] Additional Notable Figures - Michael Dell's net worth rose by $28.2 million or 0.22%, totaling $128.6 billion, linked to Dell [3] - Bill Gates' wealth decreased by $4.5 million or 0.04%, amounting to $116.9 billion, associated with Microsoft [3] - Amancio Ortega's net worth decreased by $6.3 million or 0.06%, totaling $115 billion, linked to Inditex [3] - The Walton family's wealth saw slight increases, with Rob Walton at $114.8 billion and Jim Walton at $113.8 billion, both up by approximately $5.68 million and $5.67 million respectively [3] - Mukesh Ambani's net worth decreased by $3.2 billion or 2.86%, totaling $108.3 billion, associated with Reliance Industries [3] - The Koch family remains stable at $67.5 billion, with no change reported [3]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - Blackstone Inc. is expected to report quarterly earnings of $1.09 per share, reflecting a 13.5% increase year-over-year, with revenues projected at $2.77 billion, a 10.2% increase from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 0.6% in the last 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Segment Revenues- Realized Performance Revenues' at $440.09 million, down 18.9% year-over-year [5]. - 'Segment Revenues- Realized Principal Investment Income' is projected to reach $29.68 million, up 79.1% year-over-year [5]. - 'Segment Revenues- Total Management and Advisory Fees, Net' is expected to be $1.96 billion, a 9.9% increase from the prior year [6]. - 'Segment Revenues- Base Management Fees' is forecasted at $1.86 billion, reflecting a 12.6% year-over-year increase [6]. Assets Under Management - 'Fee-Earning Assets Under Management Rollforward - Private Equity' is estimated at $232.57 billion, up from $200.49 billion year-over-year [7]. - 'Fee-Earning Assets Under Management Rollforward - Real Estate' is projected at $282.23 billion, down from $299.07 billion year-over-year [7]. - 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' is expected to reach $287.34 billion, up from $237.29 billion year-over-year [8]. - Total 'Fee-Earning Assets Under Management' is estimated at $881.15 billion, compared to $808.66 billion year-over-year [8]. Total Assets Under Management - 'Total Assets Under Management - Credit & Insurance' is forecasted at $404.07 billion, up from $330.12 billion year-over-year [9]. - 'Total Assets Under Management - Real Estate' is expected to be $323.39 billion, down from $336.10 billion year-over-year [9]. - The consensus estimate for 'Total Assets Under Management' stands at $1195.69 billion, compared to $1076.37 billion in the same quarter last year [10]. - 'Total Assets Under Management - Private Equity' is projected at $379.44 billion, up from $330.59 billion year-over-year [10]. Stock Performance - Over the past month, Blackstone Inc. shares have increased by 22.5%, outperforming the Zacks S&P 500 composite, which rose by 5.4% [10].