Blackstone (BX) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Trading Symbol	BX
Entity Registrant Name	Blackstone Inc.
Entity Central Index Key	0001393818
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Transition Report	false
Document Quarterly Report	true
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity File Number	001-33551
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8875684
Entity Address, Address Line One	345 Park Avenue
Local Phone Number	583-5000
Entity Address, State or Province	NY
Entity Address, City or Town	New York
City Area Code	212
Entity Address, Postal Zip Code	10154
Entity Common Stock, Shares Outstanding		701,673,387

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and Cash Equivalents	$ 4,183,380	$ 2,119,738
Cash Held by Blackstone Funds and Other	129,276	79,994
Investments (including assets pledged of $152,529 and $63,044 at June 30, 2022 and December 31, 2021, respectively)	27,323,758	28,665,043
Accounts Receivable	774,137	636,616
Due from Affiliates	3,891,958	4,656,867
Intangible Assets, Net	246,988	284,384
Goodwill	1,890,202	1,890,202
Other Assets	658,298	492,936
Right-of-Use Assets	886,911	788,991
Deferred Tax Assets	1,646,400	1,581,637
Total Assets	41,631,308	41,196,408
Liabilities and Equity
Loans Payable	9,365,274	7,748,163
Due to Affiliates	2,001,391	1,906,098
Accrued Compensation and Benefits	6,765,492	7,905,070
Securities Sold, Not Yet Purchased	27,029	27,849
Repurchase Agreements	152,529	57,980
Operating Lease Liabilities	993,875	908,033
Accounts Payable, Accrued Expenses and Other Liabilities	991,620	937,169
Total Liabilities	20,297,210	19,490,362
Commitments and Contingencies
Redeemable Non-Controlling Interests in Consolidated Entities	1,275,491	68,028
Stockholders' Equity of Blackstone Inc.
Common Stock, $0.00001 par value, 90 billion shares authorized, (706,476,877 shares issued and outstanding as of June 30, 2022; 704,339,774 shares issued and outstanding as of December 31, 2021)	7	7
Additional Paid-in-Capital	5,870,285	5,794,727
Retained Earnings	2,803,100	3,647,785
Accumulated Other Comprehensive Loss	(42,225)	(19,626)
Total Stockholders' Equity of Blackstone Inc.	8,631,167	9,422,893
Non-Controlling Interests in Consolidated Entities	5,281,244	5,600,653
Non-Controlling Interests in Blackstone Holdings	6,146,196	6,614,472
Total Equity	20,058,607	21,638,018
Total Liabilities and Equity	41,631,308	41,196,408
Series I Preferred Stock [Member]
Stockholders' Equity of Blackstone Inc.
Preferred Stock, Value, Issued	0	0
Series II Preferred Stock [Member]
Stockholders' Equity of Blackstone Inc.
Preferred Stock, Value, Issued	$ 0	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments assets pledged	$ 152,529	$ 63,044
Assets	41,631,308	41,196,408
Liabilities	$ 20,297,210	$ 19,490,362
Common stock par value	$ 0.00001	$ 0.00001
Common shares authorized	90,000,000,000	90,000,000,000
Common shares issued	706,476,877	704,339,774
Common shares outstanding	706,476,877	704,339,774
Series I Preferred Stock
Preferred shares par value	$ 0.00001	$ 0.00001
Preferred shares authorized	999,999,000	999,999,000
Preferred shares issued	1	1
Preferred shares outstanding	1	1
Series II Preferred Stock
Preferred shares par value	$ 0.00001	$ 0.00001
Preferred shares authorized	1,000	1,000
Preferred shares issued	1	1
Preferred shares outstanding	1	1
Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	$ 4,000,150	$ 2,177,502
Liabilities	129,535	145,262
Consolidated Blackstone Funds | Repurchase Agreements | Variable Interest Entity, Primary Beneficiary
Liabilities	0	15,980
Consolidated Blackstone Funds | Loans Payable | Variable Interest Entity, Primary Beneficiary
Liabilities	0	101
Securities Sold, Not Yet Purchased | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	23,063	23,557
Investments | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	3,764,850	2,018,829
Accounts Receivable | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	89,725	64,680
Cash Held by Funds and Other | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	129,276	79,994
Due from Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	16,026	13,748
Other Assets | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	273	251
Due to Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	84,116	95,204
Accounts Payable, Accrued Expenses and Other Liabilities | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	$ 22,356	$ 10,420

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Performance Allocations
Realized	$ 2,453,769	$ 808,620	$ 4,220,155	$ 1,342,987
Unrealized	(3,467,668)	2,697,170	(2,174,618)	5,161,667
Principal Investments
Realized	265,161	152,060	550,265	507,098
Unrealized	(500,490)	328,835	(426,529)	968,150
Total Investment Income (Loss)	(1,249,228)	3,986,685	2,169,273	7,979,902
Interest and Dividend Revenue	62,075	31,017	116,560	62,429
Other	155,588	27,896	228,457	88,200
Total Revenues	629,220	5,291,354	5,755,500	10,590,226
Expenses
Compensation and Benefits Compensation	686,012	507,104	1,342,517	1,049,742
Incentive Fee Compensation	45,363	14,431	86,382	27,756
Performance Allocations Compensation
Realized	1,035,916	347,423	1,753,517	560,450
Unrealized	(1,386,543)	1,150,219	(914,259)	2,200,188
Total Compensation and Benefits	380,748	2,019,177	2,268,157	3,838,136
General, Administrative and Other	289,288	205,057	529,962	390,179
Interest Expense	69,642	44,322	136,389	89,305
Fund Expenses	4,435	3,774	6,627	6,157
Total Expenses	744,113	2,272,330	2,941,135	4,323,777
Other Income (Loss)
Change in Tax Receivable Agreement Liability	(13)	(392)	748	2,518
Net Gains (Losses) from Fund Investment Activities	(104,326)	127,116	(53,450)	247,469
Total Other Income (Loss)	(104,339)	126,724	(52,702)	249,987
Income (Loss) Before Provision for Taxes	(219,232)	3,145,748	2,761,663	6,516,436
Provision for Taxes	36,514	288,250	519,795	287,803
Net Income (Loss)	(255,746)	2,857,498	2,241,868	6,228,633
Net Income Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	25,875	637	30,927	1,266
Net Income (Loss) Attributable to Non-Controlling Interests in Consolidated Entities	(216,707)	431,516	(332)	818,366
Net Income (Loss) Attributable to Non-Controlling Interests in Blackstone Holdings	(35,521)	1,116,193	1,023,792	2,351,977
Net Income (Loss) Attributable to Blackstone Inc.	$ (29,393)	$ 1,309,152	$ 1,187,481	$ 3,057,024
Net Income (Loss) Per Share of Common Stock
Basic	$ (0.04)	$ 1.82	$ 1.61	$ 4.27
Diluted	$ (0.04)	$ 1.82	$ 1.61	$ 4.27
Weighted-Average Shares of Common Stock Outstanding
Basic	707,382,293	721,141,954	738,752,489	715,121,029
Diluted	707,382,293	721,265,180	739,140,862	715,622,208
Management and Advisory Fees, Net
Revenues
Revenues	$ 1,561,187	$ 1,212,549	$ 3,037,123	$ 2,390,364
Incentive Fees
Revenues
Revenues	$ 99,598	$ 33,207	$ 204,087	$ 69,331

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net Income (Loss)	$ (255,746)	$ 2,857,498	$ 2,241,868	$ 6,228,633
Other Comprehensive Income (Loss), Currency Translation Adjustment	(60,067)	2,124	(69,466)	10,055
Comprehensive Income (Loss)	(315,813)	2,859,622	2,172,402	6,238,688
Comprehensive Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	(6,855)	637	(1,803)	1,266
Comprehensive Income (Loss) Attributable to Non-Controlling Interests in Consolidated Entities	(216,707)	431,516	(332)	818,366
Comprehensive Income (Loss) Attributable to Non-Controlling Interests in Blackstone Holdings	(46,387)	1,117,108	1,009,655	2,356,446
Comprehensive Income (Loss) Attributable to Non-Controlling Interests	(269,949)	1,549,261	1,007,520	3,176,078
Comprehensive Income (Loss) Attributable to Blackstone Inc.	$ (45,864)	$ 1,310,361	$ 1,164,882	$ 3,062,610

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total	Common Stock		Additional Paid-in Capital		Retained Earnings (Deficit)		Accumulated Other Comprehensive Income (Loss)		Parent		Noncontrolling Interest Consolidated Entities	Noncontrolling Interest Blackstone Holdings
Beginning Balance at Dec. 31, 2020		$ 14,525,348	$ 7	[1]	$ 6,332,105	[1]	$ 335,762	[1]	$ (15,831)	[1]	$ 6,652,043	[1]	$ 4,042,157	$ 3,831,148
Beginning Balance, Units at Dec. 31, 2020	[1]		683,875,544
Net Income (Loss)		6,227,367					3,057,024	[1]			3,057,024	[1]	818,366	2,351,977
Currency Translation Adjustment		10,055							5,586	[1]	5,586	[1]		4,469
Capital Contributions		417,489											412,230	5,259
Capital Distributions		(2,692,367)					(1,258,992)	[1]			(1,258,992)	[1]	(408,718)	(1,024,657)
Transfer of Non-Controlling Interests in Consolidated Entities		(3,593)											(3,593)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		19,714			19,714	[1]					19,714	[1]
Equity-Based Compensation		289,547			168,606	[1]					168,606	[1]		120,941
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(23,059)			(23,059)	[1]					(23,059)	[1]
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		1,986,972
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(289,055)			(289,055)	[1]					(289,055)	[1]
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(3,174,598)
Change in Blackstone Inc.'s Ownership Interest		(3,877)			3,877	[1]					3,877	[1]		(3,877)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					70,412	[1]					70,412	[1]		(70,412)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		8,405,545
Ending Balance at Jun. 30, 2021		18,481,446	$ 7	[1]	6,282,600	[1]	2,133,794	[1]	(10,245)	[1]	8,406,156	[1]	4,860,442	5,214,848
Ending Balance, Units at Jun. 30, 2021	[1]		691,093,463
Beginning Balance at Dec. 31, 2020		65,161
Net Income (Loss)		1,266
Capital Distributions		(859)
Ending Balance at Jun. 30, 2021		65,568
Beginning Balance at Mar. 31, 2021		16,759,642	$ 7	[1]	6,446,829	[1]	1,408,768	[1]	(11,454)	[1]	7,844,150	[1]	4,390,594	4,524,898
Beginning Balance, Units at Mar. 31, 2021	[1]		690,569,563
Net Income (Loss)		2,856,861					1,309,152	[1]			1,309,152	[1]	431,516	1,116,193
Currency Translation Adjustment		2,124							1,209	[1]	1,209	[1]		915
Capital Contributions		207,484											204,933	2,551
Capital Distributions		(1,192,331)					(584,126)	[1]			(584,126)	[1]	(166,518)	(441,687)
Transfer of Non-Controlling Interests in Consolidated Entities		(83)											(83)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		9,535			9,535	[1]					9,535	[1]
Equity-Based Compensation		132,129			77,083	[1]					77,083	[1]		55,046
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(4,860)			(4,860)	[1]					(4,860)	[1]
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		273,659
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(289,055)			(289,055)	[1]					(289,055)	[1]
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(3,174,598)
Change in Blackstone Inc.'s Ownership Interest					11,322	[1]					11,322	[1]		(11,322)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					31,746	[1]					31,746	[1]		(31,746)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		3,424,839
Ending Balance at Jun. 30, 2021		18,481,446	$ 7	[1]	6,282,600	[1]	2,133,794	[1]	(10,245)	[1]	8,406,156	[1]	4,860,442	5,214,848
Ending Balance, Units at Jun. 30, 2021	[1]		691,093,463
Beginning Balance at Mar. 31, 2021		65,546
Net Income (Loss)		637
Capital Distributions		(615)
Ending Balance at Jun. 30, 2021		65,568
Beginning Balance at Dec. 31, 2021		21,638,018	$ 7	[2]	5,794,727	[2]	3,647,785	[2]	(19,626)	[2]	9,422,893	[2]	5,600,653	6,614,472
Beginning Balance, Units at Dec. 31, 2021	[2]		704,339,774
Net Income (Loss)		2,210,941					1,187,481	[2]			1,187,481	[2]	(332)	1,023,792
Currency Translation Adjustment		(36,736)							(22,599)	[2]	(22,599)	[2]		(14,137)
Capital Contributions		457,729											452,766	4,963
Capital Distributions		(4,389,773)					(2,032,166)	[2]			(2,032,166)	[2]	(763,099)	(1,594,508)
Transfer of Non-Controlling Interests in Consolidated Entities		(8,744)											(8,744)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		7,529			7,529	[2]					7,529	[2]
Equity-Based Compensation		414,342			249,255	[2]					249,255	[2]		165,087
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(39,373)			(39,373)	[2]					(39,373)	[2]
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[2]		2,265,039
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(195,326)			(195,326)	[2]					(195,326)	[2]
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[2]		(1,850,000)
Change in Blackstone Inc.'s Ownership Interest		(28,766)			28,766	[2]					28,766	[2]		(28,766)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					24,707	[2]					24,707	[2]		(24,707)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[2]		1,722,064
Ending Balance at Jun. 30, 2022		20,058,607	$ 7	[2]	5,870,285	[2]	2,803,100	[2]	(42,225)	[2]	8,631,167	[2]	5,281,244	6,146,196
Ending Balance, Units at Jun. 30, 2022	[2]		706,476,877
Beginning Balance at Dec. 31, 2021		68,028
Transfer In Due to Consolidation of Fund Entities		1,146,410
Net Income (Loss)		30,927
Currency Translation Adjustment		(32,730)
Capital Contributions		105,467
Capital Distributions		(42,611)
Ending Balance at Jun. 30, 2022		1,275,491
Beginning Balance at Mar. 31, 2022		22,199,597	$ 7	[2]	5,879,796	[2]	3,805,918	[2]	(25,754)	[2]	9,659,967	[2]	5,747,698	6,791,932
Beginning Balance, Units at Mar. 31, 2022	[2]		707,180,830
Net Income (Loss)		(281,621)					(29,393)	[2]			(29,393)	[2]	(216,707)	(35,521)
Currency Translation Adjustment		(27,337)							(16,471)	[2]	(16,471)	[2]		(10,866)
Capital Contributions		262,905											260,428	2,477
Capital Distributions		(2,176,397)					(973,425)	[2]			(973,425)	[2]	(510,253)	(692,719)
Transfer of Non-Controlling Interests in Consolidated Entities		78											78
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		4,257			4,257	[2]					4,257	[2]
Equity-Based Compensation		279,763			168,354	[2]					168,354	[2]		111,409
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(7,312)			(7,312)	[2]					(7,312)	[2]
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[2]		372,867
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(195,326)			(195,326)	[2]					(195,326)	[2]
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[2]		(1,850,000)
Change in Blackstone Inc.'s Ownership Interest					9,247	[2]					9,247	[2]		(9,247)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					11,269	[2]					11,269	[2]		(11,269)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[2]		773,180
Ending Balance at Jun. 30, 2022		20,058,607	$ 7	[2]	$ 5,870,285	[2]	$ 2,803,100	[2]	$ (42,225)	[2]	$ 8,631,167	[2]	$ 5,281,244	$ 6,146,196
Ending Balance, Units at Jun. 30, 2022	[2]		706,476,877
Beginning Balance at Mar. 31, 2022		41,430
Transfer In Due to Consolidation of Fund Entities		1,146,410
Net Income (Loss)		25,875
Currency Translation Adjustment		(32,730)
Capital Contributions		105,467
Capital Distributions		(10,961)
Ending Balance at Jun. 30, 2022		$ 1,275,491
[1]During the period presented, Blackstone also had one share outstanding of each of Series I and Series II preferred stock, with par value of each less than one cent.[2]During the period presented, Blackstone also had [one] share outstanding of each of Series I and Series II preferred stock, with par value of each less than one cent.

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Equity (Parenthetical)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Series I Preferred Stock [Member]
Conversion Of Stocks	one share outstanding	one share outstanding	one share outstanding	one share outstanding
Series II Preferred Stock [Member]
Conversion Of Stocks	one share outstanding	one share outstanding	one share outstanding	one share outstanding

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net Income	$ 2,241,868	$ 6,228,633
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Net Realized Gains on Investments	(4,983,098)	(1,949,167)
Changes in Unrealized (Gains) Losses on Investments	612,064	(1,140,654)
Non-Cash Performance Allocations	2,174,618	(5,161,667)
Non-Cash Performance Allocations and Incentive Fee Compensation	923,083	2,780,561
Equity-Based Compensation Expense	429,868	305,422
Amortization of Intangibles	37,396	37,476
Other Non-Cash Amounts Included in Net Income	(517,979)	(153,350)
Cash Flows Due to Changes in Operating Assets and Liabilities
Cash Acquired with Consolidation of Fund Entities	31,791	0
Accounts Receivable	(118,151)	346,505
Due from Affiliates	844,394	109,163
Other Assets	(83,592)	(55,225)
Accrued Compensation and Benefits	(1,532,679)	(440,034)
Securities Sold, Not Yet Purchased	28	(14,925)
Accounts Payable, Accrued Expenses and Other Liabilities	(14,460)	13,373
Repurchase Agreements	94,549	(19,562)
Due to Affiliates	75,291	19,836
Investments Purchased	(2,361,680)	(2,718,024)
Cash Proceeds from Sale of Investments	6,784,881	5,007,907
Net Cash Provided by Operating Activities	4,638,192	3,196,268
Investing Activities
Purchase of Furniture, Equipment and Leasehold Improvements	(101,396)	(34,811)
Net Cash Used in Investing Activities	(101,396)	(34,811)
Financing Activities
Distributions to Non-Controlling Interest Holders in Consolidated Entities	(805,688)	(409,577)
Contributions from Non-Controlling Interest Holders in Consolidated Entities	544,204	407,738
Payments Under Tax Receivable Agreement	(46,880)	(51,366)
Net Settlement of Vested Common stock and Repurchase of Common Stock and Blackstone Holdings Partnership Units	(234,699)	(312,114)
Proceeds from Loans Payable	2,006,150	0
Repayment and Repurchase of Loans Payable	(250,101)	0
Dividends/Distributions to Shareholders and Unitholders	(3,621,712)	(2,278,390)
Net Cash Used in Financing Activities	(2,408,726)	(2,643,709)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	(15,146)	(5,084)
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other
Net Increase	2,112,924	512,664
Beginning of Period	2,199,732	2,064,456
End of Period	4,312,656	2,577,120
Supplemental Disclosure of Cash Flows Information
Payments for Interest	123,915	102,524
Payments for Income Taxes	499,136	289,244
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Non-Cash Contributions from Non-Controlling Interest Holders	10,276	6,076
Notes Issuance Costs	18,423	0
Transfer of Interests to Non-Controlling Interest Holders	(8,744)	(3,593)
Change in Blackstone Inc.'s Ownership Interest	28,766	3,877
Net Settlement of Vested Common Stock	199,977	124,386
Conversion of Blackstone Holdings Units to Common Stock	24,707	70,412
Acquisition of Ownership Interests from Non-Controlling Interest Holders
Deferred Tax Asset	(58,673)	(167,433)
Due to Affiliates	51,144	147,719
Equity	$ 7,529	$ 19,714

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Cash and Cash Equivalents	$ 4,183,380	$ 2,119,738
Cash Held by Blackstone Funds and Other	129,276	79,994
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	$ 4,312,656	$ 2,199,732	$ 2,577,120	$ 2,064,456

Organization

Organization	6 Months Ended
	Jun. 30, 2022
Organization	1. Organization Blackstone Inc., together with its consolidated subsidiaries (“Blackstone” or the “Company”), is one of the world’s leading investment firms. Blackstone’s asset management business includes investment vehicles focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets and secondary funds, all on a global basis. “Blackstone Funds” refers to the funds and other vehicles that are managed by Blackstone. Blackstone’s business is organized into four segments: Real Estate, Private Equity, Hedge Fund Solutions and Credit & Insurance. Effective August 6, 2021, The Blackstone Group Inc. changed its name to Blackstone Inc. Blackstone Inc. was initially formed as The Blackstone Group L.P., a Delaware limited partnership, on March 12, 2007. Prior to its conversion (effective July 1, 2019) to a Delaware corporation, Blackstone Inc. was managed and operated by Blackstone Group Management L.L.C., which is wholly owned by Blackstone’s senior managing directors and controlled by one of Blackstone’s founders, Stephen A. Schwarzman (the “Founder”). Effective February 26, 2021, the Certificate of Incorporation of Blackstone Inc. was amended and restated to rename Blackstone’s Class A common stock as “common stock” and reclassify Blackstone’s Class B common stock and Class C common stock into a new Series I preferred stock and a new Series II preferred stock, respectively. All references to common stock, Series I preferred stock and Series II preferred stock prior to such date refer to Class A, Class B and Class C common stock, respectively. See Note 13. “Income Taxes” and Note 14. “Earnings Per Share and Stockholders’ Equity — Stockholders’ Equity.” The activities of Blackstone are conducted through its holding partnerships: Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. (collectively, “Blackstone Holdings,” “Blackstone Holdings Partnerships” or the “Holding Partnerships”). Blackstone, through its wholly owned subsidiaries, is the sole general partner of each of the Holding Partnerships. Generally, holders of the limited partner interests in the Holding Partnerships may, four times each year, exchange their limited partnership interests (“Partnership Units”) for Blackstone common stock, on a one-to-one

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies​​​​​​​ Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Blackstone have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Form 10-Q. Form 10-K The condensed consolidated financial statements include the accounts of Blackstone, its wholly owned or majority owned subsidiaries, the consolidated entities which are considered to be variable interest entities and for which Blackstone is considered the primary beneficiary, and certain partnerships or similar entities which are not considered variable interest entities but in which the general partner is determined to have control. All intercompany balances and transactions have been eliminated in consolidation.​​​​​​​ Consolidation Blackstone consolidates all entities that it controls through a majority voting interest or otherwise, including those Blackstone Funds in which the general partner has a controlling financial interest. Blackstone has a controlling financial interest in Blackstone Holdings because the limited partners do not have the right to dissolve the partnerships or have substantive kick-out non-controlling In addition, Blackstone consolidates all variable interest entities (“VIE”) for which it is the primary beneficiary. An enterprise is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation guidance requires an analysis to determine (a) whether an entity in which Blackstone holds a variable interest is a VIE and (b) whether Blackstone’s involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests, would give it a controlling financial interest. Performance of that analysis requires the exercise of judgment. Blackstone determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a variable interest entity and continuously reconsiders that conclusion. In determining whether Blackstone is the primary beneficiary, Blackstone evaluates its control rights as well as economic interests in the entity held either directly or indirectly by Blackstone. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that Blackstone is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by Blackstone, affiliates of Blackstone or third parties) or amendments to the governing documents of the respective Blackstone Funds could affect an entity’s status as a VIE or the determination of the primary beneficiary. At each reporting date, Blackstone assesses whether it is the primary beneficiary and will consolidate or deconsolidate accordingly. Assets of consolidated VIEs that can only be used to settle obligations of the consolidated VIE and liabilities of a consolidated VIE for which creditors (or beneficial interest holders) do not have recourse to the general credit of Blackstone are presented in a separate section in the Condensed Consolidated Statements of Financial Condition. Blackstone’s other disclosures regarding VIEs are discussed in Note 9. “Variable Interest Entities.” Revenue Recognition Revenues primarily consist of management and advisory fees, incentive fees, investment income, interest and dividend revenue and other. Management and advisory fees and incentive fees are accounted for as contracts with customers. Under the guidance for contracts with customers, an entity is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. See Note 18. “Segment Reporting” for a disaggregated presentation of revenues from contracts with customers. Management and Advisory Fees, Net Blackstone earns base management fees from its customers, at a fixed percentage of a calculation base which is typically assets under management, net asset value, gross asset value, total assets, committed capital or invested capital. Blackstone identifies its customers on a fund by fund basis in accordance with the terms and circumstances of the individual fund. Generally, the customer is identified as the investors in its managed funds and investment vehicles, but for certain widely held funds or vehicles, the fund or vehicle itself may be identified as the customer. These customer contracts require Blackstone to provide investment management services, which represents a performance obligation that Blackstone satisfies over time. Management fees are a form of variable consideration because the fees Blackstone is entitled to vary based on fluctuations in the basis for the management fee. The amount recorded as revenue is generally determined at the end of the period because these management fees are payable on a regular basis (typically quarterly) and are not subject to clawback once paid. Transaction, advisory and other fees are principally fees charged to the investors of funds indirectly through the managed funds and portfolio companies. The investment advisory agreements generally require that the investment adviser reduce the amount of management fees payable by the investors to Blackstone (“management fee reductions”) by an amount equal to a portion of the transaction and other fees paid to Blackstone by the portfolio companies. The amount of the reduction varies by fund, the type of fee paid by the portfolio company and the previously incurred expenses of the fund. These fees and associated management fee reductions are a component of the transaction price for Blackstone’s performance obligation to provide investment management services to the investors of funds and are recognized as changes to the transaction price in the period in which they are charged and the services are performed. Management fee offsets are reductions to management fees payable by the investors of the Blackstone Funds, which are based on the amount such investors reimburse the Blackstone Funds or Blackstone primarily for placement fees. Providing investment management services requires Blackstone to arrange for services on behalf of its customers. In those situations where Blackstone is acting as an agent on behalf of the investors of funds, it presents the cost of services as net against management fee revenue. In all other situations, Blackstone is primarily responsible for fulfilling the services and is therefore acting as a principal for those arrangements. As a result, the cost of those services is presented as Compensation or General, Administrative and Other expense, as appropriate, with any reimbursement from the investors of the funds recorded as Management and Advisory Fees, Net. In cases where the investors of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract. Capitalized placement fees are amortized over the life of the customer contract, are recorded within Other Assets in the Condensed Consolidated Statements of Financial Condition and amortization is recorded within General, Administrative and Other within the Condensed Consolidated Statements of Operations. Accrued but unpaid Management and Advisory Fees, net of management fee reductions and management fee offsets, as of the reporting date are included in Accounts Receivable or Due from Affiliates in the Condensed Consolidated Statements of Financial Condition. Incentive Fees Investment Income (Loss) In carry fund structures, Blackstone, through its subsidiaries, invests alongside its limited partners in a partnership and is entitled to its pro-rata “pro-rata pro-rata Performance Allocations are made to the general partner based on cumulative fund performance to date, subject to a preferred return to limited partners. At the end of each reporting period, Blackstone calculates the balance of accrued Performance Allocations (“Accrued Performance Allocations”) that would be due to Blackstone for each fund, pursuant to the fund agreements, as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as Accrued Performance Allocations to reflect either (a) positive performance resulting in an increase in the Accrued Performance Allocation to the general partner or (b) negative performance that would cause the amount due to Blackstone to be less than the amount previously recognized as revenue, resulting in a negative adjustment to the Accrued Performance Allocation to the general partner. In each scenario, it is necessary to calculate the Accrued Performance Allocation on cumulative results compared to the Accrued Performance Allocation recorded to date and make the required positive or negative adjustments. Blackstone ceases to record negative Performance Allocations once previously Accrued Performance Allocations for such fund have been fully reversed. Blackstone is not obligated to pay guaranteed returns or hurdles, and therefore, cannot have negative Performance Allocations over the life of a fund. Accrued Performance Allocations as of the reporting date are reflected in Investments in the Condensed Consolidated Statements of Financial Condition. Performance Allocations are realized when an underlying investment is profitably disposed of and the fund’s cumulative returns are in excess of the preferred return or, in limited instances, after certain thresholds for return of capital are met. Performance Allocations are subject to clawback to the extent that the Performance Allocation received to date exceeds the amount due to Blackstone based on cumulative results. As such, the accrual for potential repayment of previously received Performance Allocations, which is a component of Due to Affiliates, represents all amounts previously distributed to Blackstone Holdings and non-controlling Principal Investments include the unrealized and realized gains and losses on Blackstone’s principal investments, including its investments in Blackstone Funds that are not consolidated and receive pro-rata Interest and Dividend Revenue Other Revenue Fair Value of Financial Instruments GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: ● Level I – Quoted prices are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments in Level I include listed equities, listed derivatives and mutual funds with quoted prices. Blackstone does not adjust the quoted price for these investments, even in situations where Blackstone holds a large position and a sale could reasonably impact the quoted price. ● Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Financial instruments which are generally included in this category include corporate bonds and loans, including corporate bonds and loans held within CLO vehicles, government and agency securities, less liquid and restricted equity securities, and certain over-the-counter ● Level III – Pricing inputs are unobservable for the financial instruments and includes situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value require significant management judgment or estimation. Financial instruments that are included in this category generally include general and limited partnership interests in private equity and real estate funds, credit-focused funds, distressed debt and non-investment over-the-counter In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the determination of which category within the fair value hierarchy is appropriate for any given financial instrument is based on the lowest level of input that is significant to the fair value measurement. Blackstone’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. Level II Valuation Techniques Financial instruments classified within Level II of the fair value hierarchy comprise of debt instruments, including debt securities sold, not yet purchased and certain equity securities and derivative instruments valued using observable inputs. The valuation techniques used to value financial instruments classified within Level II of the fair value hierarchy are as follows: ● Debt Instruments and Equity Securities are valued on the basis of prices from an orderly transaction between market participants provided by reputable dealers or pricing services. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrices and market transactions in comparable investments and various relationships between investments. The valuation of certain equity securities is based on an observable price for an identical security adjusted for the effect of a restriction. ● Freestanding Derivatives are valued using contractual cash flows and observable inputs comprising yield curves, foreign currency rates and credit spreads. Level III Valuation Techniques In the absence of observable market prices, Blackstone values its investments using valuation methodologies applied on a consistent basis. For some investments little market activity may exist; management’s determination of fair value is then based on the best information available in the circumstances, and may incorporate management’s own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors, including the appropriate risk adjustments for non-performance Real Estate Investments – Private Equity Investments – Credit-Focused Investments The market approach is generally used to determine the enterprise value of the issuer of a credit investment, and considers valuation multiples of comparable companies or transactions. The resulting enterprise value will dictate whether or not such credit investment has adequate enterprise value coverage. In cases of distressed credit instruments, the market approach may be used to estimate a recovery value in the event of a restructuring. Investments, at Fair Value The Blackstone Funds are accounted for as investment companies under the American Institute of Certified Public Accountants Accounting and Auditing Guide, Investment Companies Blackstone’s principal investments are presented at fair value with unrealized appreciation or depreciation and realized gains and losses recognized in the Condensed Consolidated Statements of Operations within Investment Income (Loss). For certain instruments, Blackstone has elected the fair value option. Such election is irrevocable and is applied on an investment by investment basis at initial recognition or other eligible election dates. Blackstone has applied the fair value option for certain loans and receivables, unfunded loan commitments and certain investments in private debt securities that otherwise would not have been carried at fair value with gains and losses recorded in net income. The methodology for measuring the fair value of such investments is consistent with the methodology applied to private equity, real estate, credit-focused and funds of hedge funds investments. Changes in the fair value of such instruments are recognized in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. Interest income on interest bearing loans and receivables and debt securities on which the fair value option has been elected is based on stated coupon rates adjusted for the accretion of purchase discounts and the amortization of purchase premiums. This interest income is recorded within Interest and Dividend Revenue. Blackstone has elected the fair value option for certain proprietary investments that would otherwise have been accounted for using the equity method of accounting. The fair value of such investments is based on quoted prices in an active market or using the discounted cash flow method. Changes in fair value are recognized in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. Further disclosure on instruments for which the fair value option has been elected is presented in Note 7. “Fair Value Option.” The investments of consolidated Blackstone Funds in funds of hedge funds (“Investee Funds”) are valued at net asset value (“NAV”) per share of the Investee Fund. In limited circumstances, Blackstone may determine, based on its own due diligence and investment procedures, that NAV per share does not represent fair value. In such circumstances, Blackstone will estimate the fair value in good faith and in a manner that it reasonably chooses, in accordance with the requirements of GAAP. Certain investments of Blackstone and of the consolidated Blackstone funds of hedge funds and credit-focused funds measure their investments in underlying funds at fair value using NAV per share without adjustment. The terms of the investee’s investment generally provide for minimum holding periods or lock-ups, Security and loan transactions are recorded on a trade date basis. Blackstone may elect to measure certain proprietary investments in equity securities without readily determinable fair values under the measurement alternative, which reflects cost less impairment, with adjustments in value resulting from observable price changes arising from orderly transactions of the same or a similar security from the same issuer. If the measurement alternative election is not made, the equity security is measured at fair value. The measurement alternative election is made on an instrument by instrument basis. Equity Method Investments Investments in which Blackstone is deemed to exert significant influence, but not control, are accounted for using the equity method of accounting except in cases where the fair value option has been elected. Blackstone has significant influence over all Blackstone Funds in which it invests but does not consolidate. Therefore, its investments in such Blackstone Funds, which include both a proportionate and disproportionate allocation of the profits and losses (as is the case with carry funds that include a Performance Allocation), are accounted for under the equity method. Under the equity method of accounting, Blackstone’s share of earnings (losses) from equity method investments is included in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. In cases where Blackstone’s equity method investments provide for a disproportionate allocation of the profits and losses (as is the case with carry funds that include a Performance Allocation), Blackstone’s share of earnings (losses) from equity method investments is determined using a balance sheet approach referred to as the hypothetical liquidation at book value (“HLBV”) method. Under the HLBV method, at the end of each reporting period, Blackstone calculates the Accrued Performance Allocations that would be due to Blackstone for each fund pursuant to the fund agreements as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as Accrued Performance Allocations to reflect either (a) positive performance resulting in an increase in the Accrued Performance Allocation to the general partner, or (b) negative performance that would cause the amount due to Blackstone to be less than the amount previously recognized as revenue, resulting in a negative adjustment to the Accrued Performance Allocation to the general partner. In each scenario, it is necessary to calculate the Accrued Performance Allocation on cumulative results compared to the Accrued Performance Allocation recorded to date and make the required positive or negative adjustments. Blackstone ceases to record negative Performance Allocations once previously Accrued Performance Allocations for such fund have been fully reversed. Blackstone is not obligated to pay guaranteed returns or hurdles, and therefore, cannot have negative Performance Allocations over the life of a fund. The carrying amounts of equity method investments are reflected in Investments in the Condensed Consolidated Statements of Financial Condition. Strategic Partners’ results presented in Blackstone’s financial statements are reported on a three month lag from Strategic Partners’ fund financial statements, which report the performance of underlying investments generally on a same quarter basis, if available. Therefore, Strategic Partners’ results presented herein do not reflect the impact of economic and market activity in the current quarter. Current quarter market activity of Strategic Partners’ underlying investments is expected to affect Blackstone’s reported results in upcoming periods. Effective September 30, 2021, Strategic Partners’ fund financial reporting process was updated to report the performance of underlying fund investments generally on a same-quarter basis, if available. Previously, such fund financial reporting in Strategic Partners’ fund financial statements generally reported on a three month lag. This update to Strategic Partners’ fund financial reporting process has permitted Strategic Partners’ appreciation to be reported in Blackstone’s financial statements on a more current basis. Compensation and Benefits Compensation and Benefits Compensation Compensation and Benefits — Incentive Fee Compensation — Compensation and Benefits — Performance Allocations Compensation — in-kind). Non-Controlling Non-Controlling non-controlling Redeemable Non-Controlling Investors in certain consolidated funds may be granted redemption rights that allow for quarterly or monthly redemption, as outlined in the relevant fund governing documents. Such redemption rights may include limitations on the amounts that may be redeemed in a given period, may only allow for redemption following the expiration of a specified period of time, or may be withdrawn subject to a redemption fee during the period when capital may not be withdrawn. As a result, amounts relating to third party interests in such consolidated funds are presented as Redeemable Non-Controlling non-controlling Non-Controlling Non-Controlling Non-Controlling Certain costs and expenses are borne directly by the Holdings Partnerships. Income (Loss), excluding those costs directly borne by and attributable to the Holdings Partnerships, is attributable to Non-Controlling Income Taxes Provision of Income Taxes Income taxes are provided for using the asset and liability method under which deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities, resulting in all pretax amounts being appropriately tax effected in the period, irrespective of which tax return year items will be reflected. Blackstone reports interest expense and tax penalties related to income tax matters in provision for income taxes. Deferred Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are established to reduce the deferred tax assets to the amount that is more likely than not to be realized. Deferred tax assets are separately stated, and deferred tax liabilities are included in Accounts Payable, Accrued Expenses, and Other Liabilities in the financial statements. Unrecognized Tax Benefits Blackstone recognizes tax positions in the condensed consolidated financial statements when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit what will more likely than not be realized on settlement. A liability is established for differences between positions taken in the return and amounts recognized in the condensed consolidated financial statements. Net Income (Loss) Per Share of Common Stock Basic Income (Loss) Per Share of Common Stock is calculated by dividing Net Income (Loss) Attributable to Blackstone Inc. by the weighted-average shares of common stock, unvested participating shares of common stock outstanding for the period and vested deferred restricted shares of common stock that have been earned for which issuance of the related shares of common stock is deferred until future periods. Diluted Income (Loss) Per Share of Common Stock reflects the impact of all dilutive securities. Unvested participating shares of common stock are excluded from the computation in periods of loss as they are not contractually obligated to share in losses. Blackstone applies the treasury stock method to determine the dilutive weighted-average common shares outstanding for certain equity-based compensation awards. Blackstone applies the “if-converted” Reverse Repurchase and Repurchase Agreements Securities purchased under agreements to resell (“reverse repurchase agreements”) and securities sold under agreements to repurchase (“repurchase agreements”), comprised primarily of U.S. and non-U.S. Blackstone manages credit exposure arising from reverse repurchase agreements and repurchase agreements by, in appropriate circumstances, entering into master netting agreements and collateral arrangements with counterparties that provide Blackstone, in the event of a counterparty default, the right to liquidate collateral and the right to offset a counterparty’s rights and obligations. Blackstone takes possession of securities purchased under reverse repurchase agreements and is permitted to repledge, deliver or otherwise use such securities. Blackstone also pledges its financial instruments to counterparties to collateralize repurchase agreements. Financial instruments pledged that can be repledged, delivered or otherwise used by the counterparty are recorded in Investments in the Condensed Consolidated Statements of Financial Condition. Additional disclosures relating to repurchase agreements are discussed in Note 10. “Repurchase Agreements.” Blackstone does not offset assets and liabilities relating to reverse repurchase agreements and repurchase agreements in its Condensed Consolidated Statements of Financial Condition. Additional disclosures relating to offsetting are discussed in Note 11. “Offsetting of Assets and Liabilities.” Securities Sold, Not Yet Purchased Securities Sold, Not Yet Purchased consist of equity and debt securities that Blackstone has borrowed and sold. Blackstone is required to “cover” its short sale in the future by purchasing the security at prevailing market prices and delivering it to the counterparty from which it borrowed the security. Blackstone is exposed to loss in the event that the price at which a security may have to be purchased to cover a short sale exceeds the price at which the borrowed security was sold short. Securities Sold, Not Yet Purchased are recorded at fair value in the Condensed Consolidated Statements of Financial Condition. Derivative Instruments Blackstone recognizes all derivatives as assets or liabilities on its Condensed Consolidated Statements of Financial Condition at fair value. On the date Blackstone enters into a derivative contract, it designates and documents each derivative contract as one of the following: (a) a hedge of a recognized asset or liability (“fair value hedge”), (b) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), (c) a hedge of a net investment in a foreign operation, or (d) a derivative instrument not designated as a hedging instrument (“freestanding derivative”). For freestanding derivative contracts, Blackstone presents changes in fair value in current period earnings. Changes in the fair value of derivative instruments held by consolidated Blackstone Funds are reflected in Net Gains from Fund Investment Activities or, where derivative instruments are held by Blackstone, within Investment Income (Loss) in the Condensed Consolidated Statements of Operations. The fair value of freestanding derivative assets of the consolidated Blackstone Funds are recorded within Investments, the fair value of freestanding derivative assets that are not part of the consolidated Blackstone Funds are recorded within Other Assets and the fair value of freestanding derivative liabilities are recorded within Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. Blackstone has elected to not offset derivative assets and liabilities or financial assets in its Condensed Consolidated Statements of Financial Condition, including cash, that may be received or paid as part of collateral arrangements, even when an enforceable master netting agreement is in place that provides Blackstone, in the event of counterparty default, the right to liquidate collateral and the right to offset a counterparty’s rights and obligations. Blackstone’s other disclosures regarding derivative financial instruments are discussed in Note 6. “Derivative Financial Instruments.” Blackstone’s disclosures regarding offsetting are discussed in Note 11. “Offsetting of Assets and Liabilities.” Affiliates Blackstone considers its Founder, senior managing directors, employees, the Blackstone Funds and the Portfolio Companies to be affiliates. Dividends Dividends are reflected in the condensed consolidated financial statements when declared.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2022
Intangible Assets	3. Intangible Assets Intangible Assets, Net consists of the following: June 30, December 31, 2022 2021 Finite-Lived Intangible Assets/Contractual Rights $ 1,745,376 $ 1,745,376 Accumulated Amortization (1,498,388 ) (1,460,992 ) Intangible Assets, Net $ 246,988 $ 284,384 Amortization expense associated with Blackstone’s intangible assets was $18.7 million and $37.4 million for the three and six month periods ended June 30, 2022, respectively, and $18.7 million and $37.5 million for the three and six month periods ended June 30, 2021, respectively. Amortization of Intangible Assets held at June 30, 2022 is expected to be $67.1 million, $38.1 million, $30.5 million, $30.5 million, and $30.4 million for each of the years ending December 31, 2022, 2023, 2024, 2025 and 2026, respectively. Blackstone’s Intangible Assets as of June 30, 2022 are expected to amortize over a weighted-average period of 7.2 years.

Investments

Investments	6 Months Ended
	Jun. 30, 2022
Investments	4. Investments Investments consist of the following: June 30, December 31, 2022 2021 Investments of Consolidated Blackstone Funds $ 3,764,850 $ 2,018,829 Equity Method Investments Partnership Investments 5,446,688 5,635,212 Accrued Performance Allocations 13,544,855 17,096,873 Corporate Treasury Investments 810,672 658,066 Other Investments 3,756,693 3,256,063 $ 27,323,758 $ 28,665,043 Blackstone’s share of Investments of Consolidated Blackstone Funds totaled million at June 30, 2022 and December 31, 2021, respectively. Where appropriate, the accounting for Blackstone’s investments incorporates the changes in fair value of those investments as determined under GAAP. The significant inputs and assumptions required to determine the change in fair value of the investments of Consolidated Blackstone Funds, Corporate Treasury Investments and Other Investments are discussed in more detail in Note 8. “Fair Value Measurements of Financial Instruments.” Investments of Consolidated Blackstone Funds The following table presents the Realized and Net Change in Unrealized Gains (Losses) on investments held by the consolidated Blackstone Funds and a reconciliation to Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities in the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Gains $ 94,181 $ 33,001 $ 111,869 $ 61,995 Net Change in Unrealized Gains (Losses) (213,436 ) 88,489 (185,595 ) 172,956 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds (119,255 ) 121,490 (73,726 ) 234,951 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 14,929 5,626 20,276 12,518 Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities $ (104,326 ) $ 127,116 $ (53,450 ) $ 247,469 28 Equity Method Investments Blackstone’s equity method investments include Partnership Investments, which represent the pro-rata Partnership Investments Blackstone recognized net gains (losses) related to its Partnership Investments accounted for under the equity method of $(138.7) million and $423.3 million for the three months ended June 30, 2022 and 2021, respectively. Blackstone recognized net gains related to its equity method investments of $197.6 million and $1.1 billion for the six months ended June 30, 2022 and 2021, respectively. Accrued Performance Allocations Accrued Performance Allocations to Blackstone were as follows: Real Private Hedge Fund Credit & Estate Equity Solutions Insurance Total Accrued Performance Allocations, December 31, 2021 $ 8,471,754 $ 7,550,468 $ 456,405 $ 618,246 $ 17,096,873 Performance Allocations as a Result of Changes in Fund Fair Values 2,440,870 (353,970 ) 56,264 5,454 2,148,618 Foreign Exchange Loss (97,153 ) — — — (97,153 ) Impact of Consolidation (10,393 ) — — — (10,393 ) Fund Distributions (4,591,348 ) (815,886 ) (58,754 ) (127,102 ) (5,593,090 ) Accrued Performance Allocations, $ 6,213,730 $ 6,380,612 $ 453,915 $ 496,598 $ 13,544,855 Corporate Treasury Investments The portion of corporate treasury investments included in Investments represents Blackstone’s investments into primarily fixed income securities, mutual fund interests, and other fund interests. These strategies are managed by a combination of Blackstone personnel and third party advisors. The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Gains (Losses) $ (18,655 ) $ (1,049 ) $ (20,617 ) $ 5,885 Net Change in Unrealized Gains (Losses) (19,980 ) 29,523 (47,583 ) 39,452 $ (38,635 ) $ 28,474 $ (68,200 ) $ 45,337 Other Investments Other Investments consist of equity method investments where Blackstone has elected the fair value option and other proprietary investment securities held by Blackstone, including equity securities carried at fair value, equity investments without readily determinable fair values, and subordinated notes in non-consolidated reported Unrealized Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Gains $ 15,992 $ 29,309 $ 117,341 $ 29,422 Net Change in Unrealized Gains (Losses) (70,785 ) 1,065 (151,270 ) 285,567 $ (54,793 ) $ 30,374 $ (33,929 ) $ 314,989

Net Asset Value as Fair Value

Net Asset Value as Fair Value	6 Months Ended
	Jun. 30, 2022
Net Asset Value as Fair Value	5. Net Asset Value as Fair Value A summary of fair value by strategy type and ability to redeem such investments as of June 30, 2022 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value (if currently eligible) Notice Period Equity $ 433,281 (b) (b) Real Estate 118,606 (c) (c) Credit Driven 25,778 (d) (d) Commodities 1,119 (e) (e) Diversified Instruments 17 (f) (f) $ 578,801 (a) As of June 30, 2022, Blackstone had no unfunded commitments. (b) The Equity category includes investments in hedge funds that invest primarily in domestic and international equity securities. Investment representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. Investments representing less than 1% of the fair value of the investments in this category are in liquidation. As of the reporting date, the investee fund manager had elected to side-pocket less than 1% of Blackstone’s investments in the category. (c) The Real Estate category includes estate (d) The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. Investments representing 83% of the fair value of the investments in this category are in liquidation. The remaining 17% of investments in this category may not be redeemed at, or within three months of, the reporting date. (e) The Commodities category includes investments in commodities-focused funds that primarily invest in futures and physical-based commodity driven strategies. Investments representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. (f) Diversified Instruments include investments in funds that invest across multiple strategies. Investments representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
Derivative Financial Instruments	6. Derivative Financial Instruments Blackstone and the consolidated Blackstone Funds enter into derivative contracts in the normal course of business to achieve certain risk management objectives and for general investment purposes. Blackstone may enter into derivative contracts in order to hedge its interest rate risk exposure against the effects of interest rate changes. Additionally, Blackstone may also enter into derivative contracts in order to hedge its foreign currency risk exposure against the effects of a portion of its non-U.S. Freestanding Derivatives Freestanding derivatives are instruments that Blackstone and certain of the consolidated Blackstone Funds have entered into as part of their overall risk management and investment strategies. These derivative contracts are not designated as hedging instruments for accounting purposes. Such contracts may include interest rate swaps, foreign exchange contracts, equity swaps, options, futures and other derivative contracts. The table below summarizes the aggregate notional amount and fair value of the derivative financial instruments. The notional amount represents the absolute value amount of all outstanding derivative contracts. June 30, 2022 December 31, 2021 Assets Liabilities Assets Liabilities Fair Fair Fair Fair Notional Value Notional Value Notional Value Notional Value Freestanding Derivatives Blackstone Interest Rate Contracts $ 690,840 $ 139,430 $ 614,600 $ 42,341 $ 609,132 $ 143,349 $ 692,442 $ 138,677 Foreign Currency Contracts 891,070 12,874 1,008,220 14,653 217,161 1,858 572,643 6,143 Credit Default Swaps 2,007 349 9,463 1,433 2,007 194 9,916 1,055 1,583,917 152,653 1,632,283 58,427 828,300 145,401 1,275,001 145,875 Investments of Consolidated Blackstone Funds Foreign Currency Contracts 132,289 2,405 506 2 20,764 339 54,300 370 Interest Rate Contracts 596,327 26,577 — — — — 14,000 764 Credit Default Swaps 3,401 585 6,814 1,173 3,401 321 22,865 799 732,017 29,567 7,320 1,175 24,165 660 91,165 1,933 $ 2,315,934 $ 182,220 $ 1,639,603 $ 59,602 $ 852,465 $ 146,061 $ 1,366,166 $ 147,808 The table below summarizes the impact to the Condensed Consolidated Statements of Operations from derivative financial instruments: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts $ 1,379 $ (348 ) $ 5,278 $ 1,298 Foreign Currency Contracts (8,767 ) 2,887 (4,775 ) 4,423 Credit Default Swaps 33 (8 ) 128 (990 ) Total Return Swaps — (65 ) — (1,415 ) Other — — — (40 ) (7,355 ) 2,466 631 3,276 Net Change in Unrealized Gains (Losses) Interest Rate Contracts 72,721 39,484 107,677 45,185 Foreign Currency Contracts 6,766 (3,249 ) (2,606 ) (3,376 ) Credit Default Swaps (433 ) — (420 ) 842 Total Return Swaps — — — 2,130 Other — — — (20 ) 79,054 36,235 104,651 44,761 $ 71,699 $ 38,701 $ 105,282 $ 48,037 As of June 30, 2022 and December 31, 2021, Blackstone had not designated any derivatives as fair value, cash flow or net investment hedges.

Fair Value Option

Fair Value Option	6 Months Ended
	Jun. 30, 2022
Fair Value Option	7. Fair Value Option The following table summarizes the financial instruments for which the fair value option has been elected: June 30, December 31, 2022 2021 Assets Loans and Receivables $ 534,105 $ 392,732 Equity and Preferred Securities 1,236,517 516,539 Debt Securities 155,105 183,877 $ 1,925,727 $ 1,093,148 Liabilities Corporate Treasury Commitments $ 8,697 $ 636 The following tables present the Realized and Net Change in Unrealized Gains (Losses) on financial instruments on which the fair value option was elected: Three Months Ended June 30, 2022 2021 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains Assets Loans and Receivables $ (1,964 ) $ (6,805 ) $ (3,065 ) $ 7,012 Equity and Preferred Securities 13,023 (19,774 ) 18,444 9,530 Debt Securities (3,415 ) (19,227 ) 1,303 1,923 $ 7,644 $ (45,806 ) $ 16,682 $ 18,465 Liabilities Corporate Treasury Commitments $ — $ (6,868 ) $ — $ 7 Six Months Ended June 30, 2022 2021 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) Assets Loans and Receivables $ (3,417 ) $ (5,359 ) $ (7,896 ) $ 5,083 Equity and Preferred Securities 12,301 (12,938 ) 18,444 40,401 Debt Securities (4,367 ) (28,209 ) 9,970 (4,235 ) $ 4,517 $ (46,506 ) $ 20,518 $ 41,249 Liabilities Corporate Treasury Commitments $ — $ (8,061 ) $ — $ (193 ) The following table presents information for those financial instruments for which the fair value option was elected: June 30, 2022 December 31, 2021 For Financial Assets For Financial Assets Past Due Past Due (Deficiency) Excess (Deficiency) Excess of Fair Value Fair of Fair Value of Fair Value Fair of Fair Value Over Principal Value Over Principal Over Principal Value Over Principal Loans and Receivables $ (8,906 ) $ — $ — $ (2,748 ) $ — $ — Debt Securities (58,938 ) — — (29,475 ) — — $ (67,844 ) $ — $ — $ (32,223 ) $ — $ — As of June 30, 2022 and December 31, 2021, no Loans and Receivables for which the fair value option was elected were past due or in non-accrual

Fair Value Measurements of Fina

Fair Value Measurements of Financial Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Measurements of Financial Instruments	8. Fair Value Measurements of Financial Instruments The following tables summarize the valuation of Blackstone’s financial assets and liabilities by the fair value hierarchy: June 30, 2022 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 1,425,552 $ — $ — $ — $ 1,425,552 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 42,980 122,867 2,724,955 573,284 3,464,086 Debt Instruments 452 203,888 66,857 — 271,197 Freestanding Derivatives — 29,567 — — 29,567 Total Investments of Consolidated Blackstone Funds 43,432 356,322 2,791,812 573,284 3,764,850 Corporate Treasury Investments 296,608 508,042 6,022 — 810,672 Other Investments 313,295 927,460 53,649 5,517 1,299,921 Total Investments 653,335 1,791,824 2,851,483 578,801 5,875,443 Accounts Receivable - Loans and Receivables — — 534,105 — 534,105 Other Assets - Freestanding Derivatives 606 152,047 — — 152,653 $ 2,079,493 $ 1,943,871 $ 3,385,588 $ 578,801 $ 7,987,753 Liabilities Securities Sold, Not Yet Purchased $ 3,966 $ 23,063 $ — $ — $ 27,029 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 1,175 — — 1,175 Freestanding Derivatives 81 58,346 — — 58,427 Corporate Treasury Commitments (b) — — 8,697 — 8,697 Total Accounts Payable, Accrued Expenses and Other Liabilities 81 59,521 8,697 — 68,299 $ 4,047 $ 82,584 $ 8,697 $ — $ 95,328 December 31, 2021 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 173,408 $ — $ — $ — $ 173,408 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 70,484 122,068 1,170,362 382,267 1,745,181 Debt Instruments 642 242,393 29,953 — 272,988 Freestanding Derivatives — 660 — — 660 Total Investments of Consolidated Blackstone Funds 71,126 365,121 1,200,315 382,267 2,018,829 Corporate Treasury Investments 86,877 570,712 477 — 658,066 Other Investments (c) 478,892 210,752 2,518,032 4,845 3,212,521 Total Investments 636,895 1,146,585 3,718,824 387,112 5,889,416 Accounts Receivable - Loans and Receivables — — 392,732 — 392,732 Other Assets - Freestanding Derivatives 113 145,288 — — 145,401 $ 810,416 $ 1,291,873 $ 4,111,556 $ 387,112 $ 6,600,957 Liabilities Securities Sold, Not Yet Purchased $ 4,292 $ 23,557 $ — $ — $ 27,849 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 1,933 — — 1,933 Freestanding Derivatives 323 145,552 — — 145,875 Corporate Treasury Commitments (b) — — 636 — 636 Total Accounts Payable, Accrued Expenses and Other Liabilities 323 147,485 636 — 148,444 $ 4,615 $ 171,042 $ 636 $ — $ 176,293 LLC Limited Liability Company. (a) Equity Securities, Partnership and LLC Interest includes investments in investment funds. Prior period amounts have been reclassified to this presentation. (b) Corporate Treasury Commitments are measured using third party pricing. (c) Level III Other Investments includes Blackstone’s $2.2 billion equity interest in Corebridge and other investments that were remeasured as the result of an observable transaction. These fair value measurements are nonrecurring and are measured as of either the date of acquisition, which was November 2, 2021 for Corebridge, or as of the date of the observable transaction. The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of June 30, 2022: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests $ 2,724,955 Discounted Cash Flows Discount Rate 4.1% - 40.0% 8.2% Lower Exit Multiple - EBITDA 4.0x - 31.4x 14.9x Higher Exit Capitalization Rate 2.8% - 17.3% 4.4% Lower Debt Instruments 66,857 Discounted Cash Flows Discount Rate 6.5% - 19.3% 12.0% Lower Third Party Pricing n/a Transaction Price n/a Total Investments of Consolidated Blackstone Funds 2,791,812 Corporate Treasury Investments 6,022 Discounted Cash Flows Discount Rate 14.5% n/a Lower Third Party Pricing n/a Loans and Receivables 534,105 Discounted Cash Flows Discount Rate 6.8% - 11.3% 9.1% Lower Other Investments 53,649 Third Party Pricing n/a Transaction Price n/a $ 3,385,588 The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of December 31, 2021: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests $ 1,170,362 Discounted Cash Flows Discount Rate 1.3% - 43.3% 10.4% Lower Exit Multiple - EBITDA 3.7x - 31.4x 14.7x Higher Exit Capitalization Rate 1.3% - 17.3% 4.9% Lower Debt Instruments 29,953 Discounted Cash Flows Discount Rate 6.5% - 19.3% 9.0% Lower Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 1,200,315 Corporate Treasury Investments 477 Discounted Cash Flows Discount Rate 9.4% n/a Lower Third Party Pricing n/a Loans and Receivables 392,732 Discounted Cash Flows Discount Rate 6.5% - 12.2% 7.6% Lower Other Investments 2,518,032 Third Party Pricing n/a Transaction Price n/a $ 4,111,556 n/a Not applicable. EBITDA Earnings before interest, taxes, depreciation and amortization. Exit Multiple Ranges include the last twelve months EBITDA and forward EBITDA multiples. Third Party Pricing Third Party Pricing is generally determined on the basis of unadjusted prices between market participants provided by reputable dealers or pricing services. Transaction Price Includes recent acquisitions or transactions. (a) Unobservable inputs were weighted based on the fair value of the investments included in the range. For the six months ended June 30, 2022, there have been no changes in valuation techniques within Level II and Level III that have had a material impact on the valuation of financial instruments. The following tables summarize the changes in financial assets and liabilities measured at fair value for which Blackstone has used Level III inputs to determine fair value and does not include gains or losses that were reported in Level III in prior years or for instruments that were transferred out of Level III prior to the end of the respective reporting period. These tables also exclude financial assets and liabilities measured at fair value on a non-recurring Level III Financial Assets at Fair Value Three Months Ended June 30, 2022 2021 Investments Investments of Loans Other of Loans Other Consolidated and Investments Consolidated and Investments Funds Receivables (a) Total Funds Receivables (a) Total Balance, Beginning of Period $ 1,208,252 $ 286,199 $ 43,214 $ 1,537,665 $ 885,228 $ 604,611 $ 41,160 $ 1,530,999 Transfer In Due to Consolidation and Acquisition 1,535,171 — — 1,535,171 — — — — Transfer Into Level III (b) 4,692 — 907 5,599 1,266 — — 1,266 Transfer Out of Level III (b) (56,268 ) — — (56,268 ) (12,187 ) — — (12,187 ) Purchases 269,788 441,687 4,752 716,227 99,223 33,434 33,458 166,115 Sales (103,118 ) (186,532 ) (2,748 ) (292,398 ) (79,993 ) (408,488 ) (1,014 ) (489,495 ) Issuances — 14,125 — 14,125 — 12,594 — 12,594 Settlements — (17,165 ) — (17,165 ) — (28,155 ) — (28,155 ) Changes in Gains (Losses) Included in Earnings (66,705 ) (4,209 ) (7,522 ) (78,436 ) 89,447 9,800 (129 ) 99,118 Balance, End of Period $ 2,791,812 $ 534,105 $ 38,603 $ 3,364,520 $ 982,984 $ 223,796 $ 73,475 $ 1,280,255 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (73,347 ) $ (8,097 ) $ (7,517 ) $ (88,961 ) $ 68,862 $ 746 $ (128 ) $ 69,480 Level III Financial Assets at Fair Value Six Months Ended June 30, 2022 2021 Investments Investments of Loans Other of Loans Other Consolidated and Investments Consolidated and Investments Funds Receivables (a) Total Funds Receivables (a) Total Balance, Beginning of Period $ 1,200,315 $ 392,732 $ 43,987 $ 1,637,034 $ 858,310 $ 581,079 $ 46,158 $ 1,485,547 Transfer In Due to Consolidation and Acquisition 1,535,171 — — 1,535,171 — — — — Transfer Into Level III (b) 4,696 — 907 5,603 1,804 — — 1,804 Transfer Out of Level III (b) (110,176 ) — — (110,176 ) (88,841 ) — — (88,841 ) Purchases 327,810 444,784 7,498 780,092 186,080 356,763 33,459 576,302 Sales (167,431 ) (305,025 ) (2,812 ) (475,268 ) (127,985 ) (701,212 ) (6,163 ) (835,360 ) Issuances — 23,899 — 23,899 — 19,340 — 19,340 Settlements — (22,018 ) — (22,018 ) — (45,555 ) — (45,555 ) Changes in Gains (Losses) Included in Earnings 1,427 (267 ) (10,977 ) (9,817 ) 153,616 13,381 21 167,018 Balance, End of Period $ 2,791,812 $ 534,105 $ 38,603 $ 3,364,520 $ 982,984 $ 223,796 $ 73,475 $ 1,280,255 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (20,852 ) $ (7,883 ) $ (10,971 ) $ (39,706 ) $ 125,918 $ (3,110 ) $ (71 ) $ 122,737 (a) Represents corporate treasury investments and Other Investments. (b) Transfers in and out of Level III financial assets and liabilities were due to changes in the observability of inputs used in the valuation of such assets and liabilities.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2022
Variable Interest Entities	9. Variable Interest Entities Pursuant to GAAP consolidation guidance, Blackstone consolidates certain VIEs for which it is the primary beneficiary either directly or indirectly, through a consolidated entity or affiliate. VIEs include certain private equity, real estate, credit-focused or funds of hedge funds entities and CLO vehicles. The purpose of such VIEs is to provide strategy specific investment opportunities for investors in exchange for management and performance-based fees. The investment strategies of the Blackstone Funds differ by product; however, the fundamental risks of the Blackstone Funds are similar, including loss of invested capital and loss of management fees and performance-based fees. In Blackstone’s role as general partner, collateral manager or investment adviser, it generally considers itself the sponsor of the applicable Blackstone Fund. Blackstone does not provide performance guarantees and has no other financial obligation to provide funding to consolidated VIEs other than its own capital commitments. The assets of consolidated variable interest entities may only be used to settle obligations of these entities. In addition, there is no recourse to Blackstone for the consolidated VIEs’ liabilities. Blackstone holds variable interests in certain VIEs which are not consolidated as it is determined that Blackstone is not the primary beneficiary. Blackstone’s involvement with such entities is in the form of direct and indirect equity interests and fee arrangements. The maximum exposure to loss represents the loss of assets recognized by Blackstone relating to non-consolidated non-consolidated June 30, December 31, 2022 2021 Investments $ 3,432,284 $ 3,337,757 Due from Affiliates 205,960 179,939 Potential Clawback Obligation 51,888 44,327 Maximum Exposure to Loss $ 3,690,132 $ 3,562,023 Amounts Due to Non-Consolidated $ 95 $ 105

Repurchase Agreements

Repurchase Agreements	6 Months Ended
	Jun. 30, 2022
Repurchase Agreements	10. Repurchase Agreements At June 30, 2022 and December 31, 2021, Blackstone pledged securities with a carrying value of $152.5 million and $63.0 million, respectively, and cash to collateralize its repurchase agreements. Such securities can be repledged, delivered or otherwise used by the counterparty. The following tables provide information regarding Blackstone’s Repurchase Agreements obligation by type of collateral pledged: June 30, 2022 Remaining Contractual Maturity of the Agreements Overnight Greater and Up to 30 - 90 than Continuous 30 Days Days 90 days Total Repurchase Agreements Loans $ — $ — $ — $ 152,529 $ 152,529 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities” $ 152,529 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities” $ — December 31, 2021 Remaining Contractual Maturity of the Agreements Overnight Greater and Up to 30 - 90 than Continuous 30 Days Days 90 days Total Repurchase Agreements Asset-Backed Securities $ — $ 15,980 $ — $ — $ 15,980 Loans — — 42,000 — 42,000 $ — $ 15,980 $ 42,000 $ — $ 57,980 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities” $ 57,980 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities” $ —

Offsetting of Assets And Liabil

Offsetting of Assets And Liabilities	6 Months Ended
	Jun. 30, 2022
Offsetting of Assets and Liabilities	11. Offsetting of Assets and Liabilities The following tables present the offsetting of assets and liabilities as of June 30, 2022 and December 31, 2021: June 30, 2022 Gross and Net Amounts of Gross Amounts Not Offset Assets Presented in the Statement of in the Statement Financial Condition of Financial Financial Cash Collateral Condition Instruments (a) Received Net Amount Assets Freestanding Derivatives $ 181,875 $ 73,799 $ 103,923 $ 4,153 June 30, 2022 Gross and Net Amounts of Liabilities Gross Amounts Not Offset Presented in the in the Statement of Statement of Financial Condition Financial Financial Cash Collateral Condition Instruments (a) Pledged Net Amount Liabilities Freestanding Derivatives $ 59,602 $ 53,834 $ 2,239 $ 3,529 Repurchase Agreements 152,529 152,529 — — $ 212,131 $ 206,363 $ 2,239 $ 3,529 December 31, 2021 Gross and Net Amounts of Gross Amounts Not Offset Assets Presented in the Statement of in the Statement Financial Condition of Financial Financial Cash Collateral Condition Instruments (a) Received Net Amount Assets Freestanding Derivatives $ 146,061 $ 137,265 $ 41 $ 8,755 December 31, 2021 Gross and Net Amounts of Liabilities Gross Amounts Not Offset Presented in the in the Statement of Statement of Financial Condition Financial Financial Cash Collateral Condition Instruments (a) Pledged Net Amount Liabilities Freestanding Derivatives $ 147,666 $ 118,552 $ 1,347 $ 27,767 Repurchase Agreements 57,980 57,980 — — $ 205,646 $ 176,532 $ 1,347 $ 27,767 (a) Amounts presented are inclusive of both legally enforceable master netting agreements, and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net balance sheet exposure. Repurchase Agreements are presented separately in the Condensed Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Condensed Consolidated Statements of Financial Condition. The following table presents the components of Other Assets: June 30, December 31, 2022 2021 Furniture, Equipment and Leasehold Improvements, Net $ 316,389 $ 244,608 Prepaid Expenses 183,518 92,359 Freestanding Derivatives 152,653 145,401 Other 5,738 10,568 $ 658,298 $ 492,936 Freestanding Derivative liabilities are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. Notional Pooling Arrangements Blackstone has notional cash pooling arrangements with financial institutions for cash management purposes. These arrangements allow for cash withdrawals based upon aggregate cash balances on deposit at the same financial institution. Cash withdrawals cannot exceed aggregate cash balances on deposit. The net balance of cash on deposit and overdrafts is used as a basis for calculating net interest expense or income. As of June 30, 2022, the aggregate cash balance on deposit relating to the cash pooling arrangements wa billion.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2022
Borrowings	12. Borrowings On June 1, 2022, Blackstone , € All of Blackstone’s outstanding senior notes as of June 30, 2022 are unsecured and unsubordinated obligations of the Issuer that are fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. (the “Guarantors”). The guarantees are unsecured and unsubordinated obligations of the Guarantors. Transaction costs related to senior note issuances have been capitalized and are amortized over the life of each respective note. On June 3, 2022, Blackstone, through the Issuer, entered into an amended and restate date The following table presents the general characteristics of each of Blackstone’s notes as of June 30, 2022 and December 31, 2021, as well as their carrying value and fair value. The notes are included in Loans Payable within the Condensed Consolidated Statements of Financial Condition. Each of the notes were issued at a discount, accrue interest from the issue date thereof, and pay interest in arrears on a semi-annual basis or annual basis. June 30, 2022 December 31, 2021 Carrying Fair Carrying Fair Senior Notes Value Value (a) Value Value (a) 4.750 %, Due 2/15/2023 $ 399,202 $ 399,760 $ 398,581 $ 415,880 2.000 %, Due 5/19/2025 311,967 310,368 338,275 362,078 1.000 %, Due 10/5/2026 624,380 582,051 675,867 700,892 3.150 %, Due 10/2/2027 297,918 280,830 297,738 317,610 1.625 %, Due 8/5/2028 643,987 547,105 643,251 629,265 1.500 %, Due 4/10/2029 625,225 551,416 678,085 720,062 2.500 %, Due 1/10/2030 492,130 432,050 491,662 507,350 1.600 %, Due 3/30/2031 495,764 390,750 495,541 467,750 2.000 %, Due 1/30/2032 787,491 636,321 786,690 767,920 2.550 %, Due 3/30/2032 494,980 417,600 — — 3.500 %, Due 6/1/2034 512,158 494,373 — — 6.250 %, Due 8/15/2042 239,043 272,725 238,914 361,775 5.000 %, Due 6/15/2044 489,573 487,800 489,446 648,500 4.450 %, Due 7/15/2045 344,480 317,730 344,412 426,195 4.000 %, Due 10/2/2047 290,831 253,170 290,730 347,370 3.500 %, Due 9/10/2049 392,174 311,000 392,089 431,240 2.800 %, Due 9/30/2050 393,888 271,960 393,818 382,880 2.850 %, Due 8/5/2051 543,085 375,760 542,963 531,355 3.200 %, Due 1/30/2052 986,998 722,800 — — $ 9,365,274 $ 8,055,569 $ 7,498,062 $ 8,018,122 (a) Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy. Scheduled principal payments for borrowings as of June 30, 2022 were as follows: Total Borrowings 2022 $ — 2023 400,000 2024 — 2025 314,520 2026 629,040 Thereafter 8,153,240 $ 9,496,800

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Taxes	13. Income Taxes Blackstone’s net deferred tax assets relate primarily to basis differences resulting from a step-up Blackstone is subject to examination by the U.S. Internal Revenue Service and other taxing authorities where Blackstone has significant business operations such as the United Kingdom, and various state and local jurisdictions such as New York State and New York City. The tax years under examination vary by jurisdiction. Blackstone does not expect the completion of these audits to have a material impact on its financial condition, but it may be material to operating results for a particular period, depending on the operating results for that period. Blackstone believes the liability established for unrecognized tax benefits is adequate in relation to the potential for additional assessments. It is reasonably possible that changes in the balance of unrecognized tax benefits may occur within the next 12 months; however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and the impact on Blackstone’s effective tax rate over the next 12 months. As of June 30, 2022, the major jurisdictions and the earliest tax years that remain subject to examination are U.S. federal 2018, New York State 2015, New York City 2009, and the United Kingdom 2011.

Earnings Per Share and Stockhol

Earnings Per Share and Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Earnings Per Share and Stockholders' Equity	14. Earnings Per Share and Stockholders’ Equity Earnings Per Share Basic and diluted net income per share of common stock for the three and six months ended June 30, 2022 and 2021 was calculated as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net Income (Loss) for Per Share of Common Stock Calculations Net Income (Loss) Attributable to Blackstone Inc., Basic and Diluted $ (29,393 ) $ 1,309,152 $ 1,187,481 $ 3,057,024 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 707,382,293 721,141,954 738,752,489 715,121,029 Weighted-Average Shares of Unvested Deferred Restricted Common Stock — 123,226 388,373 501,179 Weighted-Average Shares of Common Stock Outstanding, Diluted 707,382,293 721,265,180 739,140,862 715,622,208 Net Income (Loss) Per Share of Common Stock Basic $ (0.04 ) $ 1.82 $ 1.61 $ 4.27 Diluted $ (0.04 ) $ 1.82 $ 1.61 $ 4.27 Dividends Declared Per Share of Common Stock (a) $ 1.32 $ 0.82 $ 2.77 $ 1.78 (a) Dividends declared reflects the calendar date of the declaration for each distribution. In computing the dilutive effect that the exchange of Blackstone Holdings Partnership Units would have on Net Income Per Share of Common Stock, Blackstone considered that net income available to holders of shares of common stock would increase due to the elimination of non-controlling non-controlling The following table summarizes the anti-dilutive securities for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 35,883,883 — — — Weighted-Average Blackstone Holdings Partnership Units 466,817,529 488,569,471 467,303,495 490,857,143 Stockholders’ Equity In connection with the share reclassification, effective February 26, 2021, the Certificate of Incorporation of Blackstone was amended and restated to: (a) rename the Class A common stock as “common stock,” which has the same rights and powers (including, without limitation, with respect to voting) that Blackstone’s Class A common stock formerly had, (b) reclassify the “Class B common stock” into a new “Series I preferred stock,” which has the same rights and powers that the Class B common stock formerly had, and (c) reclassify the Class C common stock into a new “Series II preferred stock,” which has the same rights and powers that the Class C common stock formerly had. In connection with such share reclassification, Blackstone authorized 10 billion shares of preferred stock with a par value of $0.00001, of which (a) 999,999,000 shares are designated as Series I preferred stock and (b) 1,000 shares are designated as Series II preferred stock. The remaining 9 billion shares may be designated from time to time in accordance with Blackstone’s certificate of incorporation. There was 1 share of Series I preferred stock and 1 share of Series II preferred stock issued and outstanding as of June 30, 2022. Under Blackstone’s certificate of incorporation and Delaware law, holders of Blackstone’s common stock are entitled to vote, together with holders of Blackstone’s Series I preferred stock, voting as a single class, on a number of significant matters, including certain sales, exchanges or other dispositions of all or substantially all of Blackstone’s assets, a merger, consolidation or other business combination, the removal of the Series II Preferred Stockholder and forced transfer by the Series II Preferred Stockholder of its shares of Series II preferred stock and the designation of a successor Series II Preferred Stockholder. The Series II Preferred Stockholder elects Blackstone’s directors. Holders of Blackstone’s Series I preferred stock and Series II preferred stock are not entitled to dividends from Blackstone, or receipt of any of Blackstone’s assets in the event of any dissolution, liquidation or winding up. Blackstone Partners L.L.C. is the sole holder of the Series I preferred stock and Blackstone Group Management L.L.C. is the sole holder of the Series II preferred stock. Share Repurchase Program On December 7, 2021, Blackstone’s board of directors authorized the repurchase of up to $2.0 billion of common stock and Blackstone Holdings Partnership Units. Under the repurchase program, repurchases may be made from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual numbers repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. The repurchase program may be changed, suspended or discontinued at any time and does not have a specified expiration date. During the three and six months ended June 30, 2022, Blackstone repurchased 1.9 million shares of common stock at a total cost of $195.3 million. During the three and six months ended June 30, 2021, Blackstone repurchased 3.2 million shares of common stock at a total cost of $289.1 million. As of June 30, 2022, the amount remaining available for repurchases under the program was $1.3 billion. Shares Eligible for Dividends and Distributions As of June 30, 2022, the total shares of common stock and Blackstone Holdings Partnership Units entitled to participate in dividends and distributions were as follows: Shares/Units Common Stock Outstanding 706,476,877 Unvested Participating Common Stock 35,710,961 Total Participating Common Stock 742,187,838 Participating Blackstone Holdings Partnership Units 466,568,377 1,208,756,215

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Jun. 30, 2022
Equity-Based Compensation	15. Equity-Based Compensation Blackstone has granted equity-based compensation awards to Blackstone’s senior managing directors, non-partner non-professionals For the three and six months ended June 30, 2022, Blackstone recorded compensation expense of $210.8 million and $429.9 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $12.2 million and $72.9 million, respectively. For the three and six months ended June 30, 2021, Blackstone recorded compensation expense of $ As of June 30, 2022, there was $2.1 billion of estimated unrecognized compensation expense related to unvested awards, including compensation with performance conditions where it is probable that the performance condition will be met. This cost is expected to be recognized over a weighted-average period of 3.4 years. Total vested and unvested outstanding shares, including common stock, Blackstone Holdings Partnership Units and deferred restricted shares of common stock, were 1,208,883,091 as of June 30, 2022. Total outstanding phantom shares were 62,405 as of June 30, 2022. A summary of the status of Blackstone’s unvested equity-based awards as of June 30, 2022 and of changes during the period January 1, 2022 through June 30, 2022 is presented below: Blackstone Holdings Blackstone Inc. Equity Settled Awards Cash Settled Awards Weighted- Weighted- Weighted- Average Deferred Average Average Partnership Grant Date Restricted Shares Grant Date Phantom Grant Date Unvested Shares/Units Units Fair Value of Common Stock Fair Value Shares Fair Value Balance, December 31, 2021 17,344,328 $ 37.37 26,537,813 $ 58.34 73,581 $ 137.65 Granted — — 11,210,550 127.77 28,037 126.03 Vested (1,262,132 ) 34.82 (2,818,889 ) 70.94 (1,980 ) 130.22 Forfeited (116,197 ) 38.24 (656,754 ) 71.25 (46,412 ) 130.22 Balance, June 30, 2022 15,965,999 $ 37.57 34,272,720 $ 79.89 53,226 $ 121.71 Shares/Units Expected to Vest The following unvested shares and units, after expected forfeitures, as of June 30, 2022, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 15,473,779 1.6 Deferred Restricted Shares of Common Stock 29,650,267 3.3 Total Equity-Based Awards 45,124,046 2.7 Phantom Shares 41,966 3.4

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions	16. Related Party Transactions Affiliate Receivables and Payables Due from Affiliates and Due to Affiliates consisted of the following: June 30, December 31, 2022 2021 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated $ 3,053,633 $ 3,519,945 Due from Certain Non-Controlling 795,987 1,099,899 Accrual for Potential Clawback of Previously Distributed Performance Allocations 42,338 37,023 $ 3,891,958 $ 4,656,867 June 30, December 31, 2022 2021 Due to Affiliates Due to Certain Non-Controlling $ 1,561,842 $ 1,558,393 Due to Non-Consolidated 185,689 181,341 Due to Certain Non-Controlling 151,183 77,664 Accrual for Potential Repayment of Previously Received Performance Allocations 102,677 88,700 $ 2,001,391 $ 1,906,098 Interests of the Founder, Senior Managing Directors, Employees and Other Related Parties The Founder, senior managing directors, employees and certain other related parties invest on a discretionary basis in the consolidated Blackstone Funds both directly and through consolidated entities. These investments generally are subject to preferential management fee and performance allocation or incentive fee arrangements. As of June 30, 2022 and December 31, 2021, such investments aggregated $1.6 billion and $1.6 billion, respectively. Their share of the Net Income Attributable to Redeemable Non-Controlling Non-Controlling Loans to Affiliates Loans to affiliates consist of interest bearing advances to certain Blackstone individuals to finance their investments in certain Blackstone Funds. These loans earn interest at Blackstone’s cost of borrowing and such interest totaled $1.4 million and $1.0 million for the three months ended June 30, 2022 and 2021, respectively, and $3.8 million and $3.3 million for the six months ended June 30, 2022 and 2021, respectively. Contingent Repayment Guarantee Blackstone and its personnel who have received Performance Allocation distributions have guaranteed payment on a several basis (subject to a cap) to the carry funds of any clawback obligation with respect to the excess Performance Allocation allocated to the general partners of such funds and indirectly received thereby to the extent that either Blackstone or its personnel fails to fulfill its clawback obligation, if any. The Accrual for Potential Repayment of Previously Received Performance Allocations represents amounts previously paid to Blackstone Holdings and non-controlling Tax Receivable Agreements Blackstone used a portion of the proceeds from the IPO and other sales of shares to purchase interests in the predecessor businesses from the predecessor owners. In addition, holders of Blackstone Holdings Partnership Units may exchange their Blackstone Holdings Partnership Units for shares of Blackstone common stock on a one-for-one Blackstone has entered into tax receivable agreements with each of the predecessor owners and additional tax receivable agreements have been executed, and will continue to be executed, with newly-admitted senior managing directors and others who acquire Blackstone Holdings Partnership Units. The agreements provide for the payment by the corporate taxpayer to such owners of 85% of the amount of cash savings, if any, in U.S. federal, state and local income tax that the corporate taxpayers actually realize as a result of the aforementioned increases in tax basis and of certain other tax benefits related to entering into these tax receivable agreements. For purposes of the tax receivable agreements, cash savings in income tax will be computed by comparing the actual income tax liability of the corporate taxpayers to the amount of such taxes that the corporate taxpayers would have been required to pay had there been no increase to the tax basis of the tangible and intangible assets of Blackstone Holdings as a result of the exchanges and had the corporate taxpayers not entered into the tax receivable agreements. Assuming no future material changes in the relevant tax law and that the corporate taxpayers earn sufficient taxable income to realize the full tax benefit of the increased amortization of the assets, the expected future payments under the tax receivable agreements (which are taxable to the recipients) will aggregate $1.6 billion over the next 15 years. The after-tax pre-IPO Amounts related to the deferred tax asset resulting from the increase in tax basis from the exchange of Blackstone Holdings Partnership Units to shares of Blackstone common stock, the resulting remeasurement of net deferred tax assets at the Blackstone ownership percentage at the balance sheet date, the due to affiliates for the future payments resulting from the tax receivable agreements and resulting adjustment to partners’ capital are included as Acquisition of Ownership Interests from Non-Controlling Non-Cash Other Blackstone does business with and on behalf of some of its Portfolio Companies; all such arrangements are on a negotiated basis. Additionally, please see Note 17. “Commitments and Contingencies — Contingencies — Guarantees” for information regarding guarantees provided to a lending institution for certain loans held by employees.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies	17. Commitments and Contingencies Commitments Investment Commitments Blackstone had $5.7 billion of investment commitments as of June 30, 2022 representing general partner capital funding commitments to the Blackstone Funds, limited partner capital funding to other funds and Blackstone principal investment commitments, including loan commitments. The consolidated Blackstone Funds had signed investment commitments of $206.8 million as of June 30, 2022, which includes $68.4 million of signed investment commitments for fund investments in the process of closing. Contingencies Guarantees Certain of Blackstone’s consolidated real estate funds guarantee payments to third parties in connection with the ongoing business activities and/or acquisitions of their Portfolio Companies. There is no direct recourse to Blackstone to fulfill such obligations. To the extent that underlying funds are required to fulfill guarantee obligations, Blackstone’s invested capital in such funds is at risk. Total investments at risk in respect of guarantees extended by consolidated real estate funds was $36.0 million as of June 30, 2022. The Blackstone Holdings Partnerships provided guarantees to a lending institution for certain loans held by employees either for investment in Blackstone Funds or for members’ capital contributions to The Blackstone Group International Partners LLP. The amount guaranteed as of June 30, 2022 was $86.0 million. Litigation Blackstone may from time to time be involved in litigation and claims incidental to the conduct of its business. Blackstone’s businesses are also subject to extensive regulation, which may result in regulatory proceedings against Blackstone. Blackstone accrues a liability for legal proceedings only when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. Although there can be no assurance of the outcome of such legal actions, based on information known by management, Blackstone does not have a potential liability related to any current legal proceeding or claim that would individually or in the aggregate materially affect its results of operations, financial position or cash flows. Blackstone continues to believe that the following suits against Blackstone are totally without merit and intends to defend them vigorously. In December 2017, eight pension plan members of the Kentucky Retirement System (“KRS”) filed a derivative lawsuit on behalf of KRS in the Franklin County Circuit Court of the Commonwealth of Kentucky (the “Mayberry Action”). The Mayberry Action alleged various breaches of fiduciary duty and other violations of Kentucky state law in connection with KRS’s investment in three hedge funds of funds, including a fund managed by Blackstone Alternative Asset Management L.P. (“BLP”). The suit named more than 30 defendants, including, among others, The Blackstone Group L.P. (now Blackstone Inc.); BLP; Stephen A. Schwarzman, as Chairman and CEO of Blackstone; and J. Tomilson Hill, as then-CEO Over the objection of the Blackstone Defendants and others, in December 2020, the Circuit Court permitted the Attorney General of the Commonwealth of Kentucky (the “AG”) to intervene in the Mayberry Action. Motions to dismiss are currently pending in the Mayberry Action and discovery has begun. The Blackstone Defendants and others are also pursuing an interlocutory appeal asserting that the Circuit Court did not have jurisdiction to continue the Mayberry Action after the ruling of the Kentucky Supreme Court. In January 2021, certain former plaintiffs in the Mayberry Action filed a separate action (“Taylor I”), against the Blackstone Defendants and other defendants named in the Mayberry Action, asserting allegations substantially similar to those made in the Mayberry Action, and in July 2021 they amended their complaint to add class action allegations. Defendants removed Taylor I to the U.S. District Court for the Eastern District of Kentucky, and in March 2022, the District Court stayed Taylor I pending the resolution of the AG’s suit in the Mayberry Action. In August 2021, a group of KRS members—including those that filed Taylor I—filed a new action in Franklin County Circuit Court (“Taylor II”), against the Blackstone Defendants, other defendants named in the Mayberry Action, and other KRS officials. The filed complaint is substantially similar to that filed in Taylor I and the Mayberry Action. Motions to dismiss are pending. In May 2022, the presiding judge recused himself from the Mayberry Action and Taylor II and the cases were reassigned to another judge in the Franklin County Circuit Court. In April 2021, the AG filed an action (the “Declaratory Judgment Action”), against BLP and the other fund manager defendants from the Mayberry Action in Franklin County Circuit Court. The action sought to have certain provisions in the subscription agreements between KRS and the fund managers declared to be in violation of the Kentucky Constitution. In March 2022, the Circuit Court granted summary judgment to the AG. BLP’s appeal is currently pending. In July 2021, BLP filed a breach of contract action against defendants affiliated with KRS alleging that the Mayberry Action and the Declaratory Judgment Action breach the parties’ subscription agreements governing KRS’s investment with BLP. The action seeks damages, including legal fees and expenses incurred in defending against the above actions. In April 2022, the Circuit Court dismissed BLP’s complaint without prejudice to refiling, on the grounds that the action was not yet ripe for adjudication. BLP’s appeal is currently pending. Contingent Obligations (Clawback) Performance Allocations are subject to clawback to the extent that the Performance Allocations received to date with respect to a fund exceeds the amount due to Blackstone based on cumulative results of that fund. The actual clawback liability, however, generally does not become realized until the end of a fund’s life except for certain Blackstone real estate funds, multi-asset class investment funds and credit-focused funds, which may have an interim clawback liability. The lives of the carry funds, including available contemplated extensions, for which a liability for potential clawback obligations has been recorded for financial reporting purposes, are currently anticipated to expire at various points through 2032. Further extensions of such terms may be implemented under given circumstances. For financial reporting purposes, when applicable, the general partners record a liability for potential clawback obligations to the limited partners of some of the carry funds due to changes in the unrealized value of a fund’s remaining investments and where the fund’s general partner has previously received Performance Allocation distributions with respect to such fund’s realized investments. The following table presents the clawback obligations by segment: June 30, 2022 December 31, 2021 Current and Current and Blackstone Former Blackstone Former Segment Holdings Personnel (a) Total (b) Holdings Personnel (a) Total (b) Real Estate $ 36,220 $ 21,200 $ 57,420 $ 34,080 $ 20,186 $ 54,266 Private Equity 11,591 6,421 18,012 5,158 2,196 7,354 Credit & Insurance 12,559 14,686 27,245 12,439 14,641 27,080 $ 60,370 $ 42,307 $ 102,677 $ 51,677 $ 37,023 $ 88,700 (a) The split of clawback between Blackstone Holdings and Current and Former Personnel is based on the performance of individual investments held by a fund rather than on a fund by fund basis. (b) Total is a component of Due to Affiliates. See Note 16. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.” For Private Equity, Real Estate, and certain Credit & Insurance Funds, a portion of the Performance Allocations paid to current and former Blackstone personnel is held in segregated accounts in the event of a cash clawback obligation. These segregated accounts are not included in the Condensed Consolidated Financial Statements of Blackstone, except to the extent a portion of the assets held in the segregated accounts may be allocated to a consolidated Blackstone fund of hedge funds. At June 30, 202 In the Credit & Insurance segment, payment of Performance Allocations to Blackstone by the majority of the stressed/distressed, mezzanine and credit alpha strategies funds are substantially deferred under the terms of the partnership agreements. This deferral mitigates the need to hold funds in segregated accounts in the event of a cash clawback obligation. If, at June 30, 2022, all of the investments held by Blackstone’s carry funds were deemed worthless, a possibility that management views as remote, the amount of Performance Allocations subject to potential clawback would be $6.2 billion, on an after-tax

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2022
Segment Reporting	18. Segment Reporting Blackstone conducts its alternative asset management businesses through four segments: • Real Estate – Blackstone’s Real Estate segment primarily comprises its management of opportunistic real estate funds, Core+ real estate funds, high-yield real estate debt funds and liquid real estate debt funds. • Private Equity – Blackstone’s Private Equity segment includes its management of flagship corporate private equity funds, sector and geographically-focused corporate private equity funds, core private equity funds, an opportunistic investment platform, a secondary fund of funds business, infrastructure-focused funds, a life sciences investment platform, a growth equity investment platform, a multi-asset investment program for eligible high net worth investors and a capital markets services business. • Hedge Fund Solutions – The largest component of Blackstone’s Hedge Fund Solutions segment is Blackstone Alternative Asset Management, which manages a broad range of commingled and customized hedge fund of fund solutions. The segment also includes a GP Stakes business and investment platforms that invest directly, as well as investment platforms that seed new hedge fund businesses and create alternative solutions through daily liquidity products. • Credit & Insurance – Blackstone’s Credit & Insurance segment consists principally of Blackstone Credit, which is organized into two overarching strategies: private credit (which includes mezzanine and direct lending funds, private placement strategies and energy strategies, including our sustainable resources platform) and liquid credit (which consists of CLOs, closed-ended funds, open-ended funds and separately managed accounts). In addition, the segment includes an insurer-focused platform, an asset-based finance platform and publicly traded master limited partnership investment platform. These business segments are differentiated by their various investment strategies. Each of the segments primarily earns its income from management fees and investment returns on assets under management. Segment Distributable Earnings is Blackstone’s segment profitability measure used to make operating decisions and assess performance across Blackstone’s four segments. Segment Distributable Earnings represents the net realized earnings of Blackstone’s segments and is the sum of Fee Related Earnings and Net Realizations for each segment. Blackstone’s segments are presented on a basis that deconsolidates Blackstone Funds, eliminates non-controlling For segment reporting purposes, Segment Distributable Earnings is presented along with its major components, Fee Related Earnings and Net Realizations. Fee Related Earnings is used to assess Blackstone’s ability to generate profits from revenues that are measured and received on a recurring basis and not subject to future realization events. Net Realizations is the sum of Realized Principal Investment Income and Realized Performance Revenues less Realized Performance Compensation. Performance Allocations and Incentive Fees are presented together and referred to collectively as Performance Revenues or Performance Compensation. Segment Presentation The following tables present the financial data for Blackstone’s segments for the three months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 611,751 $ 433,459 $ 145,077 $ 306,589 $ 1,496,876 Transaction, Advisory and Other Fees, Net 46,974 27,551 3,450 7,117 85,092 Management Fee Offsets (689 ) (23,157 ) (40 ) (1,165 ) (25,051 ) Total Management and Advisory Fees, Net 658,036 437,853 148,487 312,541 1,556,917 Fee Related Performance Revenues 265,507 — — 81,086 346,593 Fee Related Compensation (273,893 ) (152,622 ) (57,863 ) (137,035 ) (621,413 ) Other Operating Expenses (88,329 ) (83,233 ) (26,066 ) (63,882 ) (261,510 ) Fee Related Earnings 561,321 201,998 64,558 192,710 1,020,587 Realized Performance Revenues 1,997,720 122,884 7,197 78,973 2,206,774 Realized Performance Compensation (831,402 ) (57,380 ) (2,083 ) (36,109 ) (926,974 ) Realized Principal Investment Income (Loss) 29,116 8,904 (1,530 ) 7,019 43,509 Total Net Realizations 1,195,434 74,408 3,584 49,883 1,323,309 Total Segment Distributable Earnings $ 1,756,755 $ 276,406 $ 68,142 $ 242,593 $ 2,343,896 Three Months Ended June 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 453,664 $ 364,606 $ 155,244 $ 166,537 $ 1,140,051 Transaction, Advisory and Other Fees, Net 38,080 32,272 1,558 6,215 78,125 Management Fee Offsets (493 ) (3,601 ) (203 ) (1,137 ) (5,434 ) Total Management and Advisory Fees, Net 491,251 393,277 156,599 171,615 1,212,742 Fee Related Performance Revenues 33,776 — — 15,113 48,889 Fee Related Compensation (121,957 ) (136,767 ) (38,638 ) (78,023 ) (375,385 ) Other Operating Expenses (54,760 ) (61,041 ) (21,873 ) (44,504 ) (182,178 ) Fee Related Earnings 348,310 195,469 96,088 64,201 704,068 Realized Performance Revenues 351,053 383,010 17,056 41,819 792,938 Realized Performance Compensation (154,928 ) (159,375 ) (5,626 ) (18,342 ) (338,271 ) Realized Principal Investment Income 28,129 27,796 2,125 5,082 63,132 Total Net Realizations 224,254 251,431 13,555 28,559 517,799 Total Segment Distributable Earnings $ 572,564 $ 446,900 $ 109,643 $ 92,760 $ 1,221,867 The following tables present the financial data for Blackstone’s four segments as of June 30, 2022 and for the six months ended June 30, 2022 and 2021: June 30, 2022 and the Six Months Then Ended Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 1,191,937 $ 854,931 $ 290,123 $ 599,034 $ 2,936,025 Transaction, Advisory and Other Fees, Net 87,459 40,209 4,919 16,514 149,101 Management Fee Offsets (1,649 ) (50,299 ) (109 ) (2,784 ) (54,841 ) Total Management and Advisory Fees, Net 1,277,747 844,841 294,933 612,764 3,030,285 Fee Related Performance Revenues 757,024 (648 ) — 148,282 904,658 Fee Related Compensation (618,735 ) (303,672 ) (105,098 ) (264,379 ) (1,291,884 ) Other Operating Expenses (154,332 ) (150,977 ) (49,250 ) (121,049 ) (475,608 ) Fee Related Earnings 1,261,704 389,544 140,585 375,618 2,167,451 Realized Performance Revenues 2,800,636 573,122 36,110 109,716 3,519,584 Realized Performance Compensation (1,121,433 ) (264,083 ) (11,083 ) (49,495 ) (1,446,094 ) Realized Principal Investment Income 83,091 74,342 13,371 29,800 200,604 Total Net Realizations 1,762,294 383,381 38,398 90,021 2,274,094 Total Segment Distributable Earnings $ 3,023,998 $ 772,925 $ 178,983 $ 465,639 $ 4,441,545 Segment Assets $ 14,267,173 $ 14,636,045 $ 2,777,317 $ 6,979,467 $ 38,660,002 Six Months Ended June 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 880,850 $ 742,266 $ 305,777 $ 328,448 $ 2,257,341 Transaction, Advisory and Other Fees, Net 64,099 74,979 5,904 11,783 156,765 Management Fee Offsets (2,116 ) (17,520 ) (261 ) (3,262 ) (23,159 ) Total Management and Advisory Fees, Net 942,833 799,725 311,420 336,969 2,390,947 Fee Related Performance Revenues 189,168 — — 28,889 218,057 Fee Related Compensation (310,449 ) (277,364 ) (77,488 ) (155,194 ) (820,495 ) Other Operating Expenses (99,122 ) (112,096 ) (41,045 ) (91,339 ) (343,602 ) Fee Related Earnings 722,430 410,265 192,887 119,325 1,444,907 Realized Performance Revenues 439,691 638,855 48,629 67,086 1,194,261 Realized Performance Compensation (177,690 ) (270,584 ) (12,534 ) (28,387 ) (489,195 ) Realized Principal Investment Income 128,949 143,199 37,675 51,465 361,288 Total Net Realizations 390,950 511,470 73,770 90,164 1,066,354 Total Segment Distributable Earnings $ 1,113,380 $ 921,735 $ 266,657 $ 209,489 $ 2,511,261 Reconciliations of Total Segment Amounts The following tables reconcile the Total Segment Revenues, Expenses and Distributable Earnings to their equivalent GAAP measure for the three and six months ended June 30, 2022 and 2021 along with Total Assets as of June 30, 2022: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Revenues Total GAAP Revenues $ 629,220 $ 5,291,354 $ 5,755,500 $ 10,590,226 Less: Unrealized Performance Revenues (a) 3,467,668 (2,697,170 ) 2,174,618 (5,161,667 ) Less: Unrealized Principal Investment (Income) Loss (b) 203,288 (104,658 ) 176,530 (528,592 ) Less: Interest and Dividend Revenue (c) (66,143 ) (32,931 ) (120,628 ) (64,343 ) Less: Other Revenue (d) (155,704 ) (27,870 ) (228,523 ) (88,143 ) Impact of Consolidation (e) 75,099 (312,076 ) (102,497 ) (581,392 ) Transaction-Related Charges (f) (237 ) 12 (1,450 ) (3,611 ) Intersegment Eliminations 602 1,040 1,581 2,075 Total Segment Revenue (g) $ 4,153,793 $ 2,117,701 $ 7,655,131 $ 4,164,553 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Expenses Total GAAP Expenses $ 744,113 $ 2,272,330 $ 2,941,135 $ 4,323,777 Less: Unrealized Performance Allocations Compensation (h) 1,386,543 (1,150,219 ) 914,259 (2,200,188 ) Less: Equity-Based Compensation (i) (195,644 ) (121,422 ) (397,189 ) (265,694 ) Less: Interest Expense (j) (69,425 ) (44,132 ) (136,027 ) (88,472 ) Impact of Consolidation (e) (11,394 ) (6,647 ) (19,200 ) (11,747 ) Amortization of Intangibles (k) (17,044 ) (17,044 ) (34,088 ) (34,168 ) Transaction-Related Charges (f) (25,378 ) (35,521 ) (51,924 ) (67,032 ) Administrative Fee Adjustment (l) (2,476 ) (2,551 ) (4,961 ) (5,259 ) Intersegment Eliminations 602 1,040 1,581 2,075 Total Segment Expenses (m) $ 1,809,897 $ 895,834 $ 3,213,586 $ 1,653,292 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Other Income Total GAAP Other Income $ (104,339 ) $ 126,724 $ (52,702 ) $ 249,987 Impact of Consolidation (e) 104,339 (126,724 ) 52,702 (249,987 ) Total Segment Other Income $ — $ — $ — $ — Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Income (Loss) Before Provision for Taxes Total GAAP Income (Loss) Before Provision for Taxes $ (219,232 ) $ 3,145,748 $ 2,761,663 $ 6,516,436 Less: Unrealized Performance Revenues (a) 3,467,668 (2,697,170 ) 2,174,618 (5,161,667 ) Less: Unrealized Principal Investment (Income) Loss (b) 203,288 (104,658 ) 176,530 (528,592 ) Less: Interest and Dividend Revenue (c) (66,143 ) (32,931 ) (120,628 ) (64,343 ) Less: Other Revenue (d) (155,704 ) (27,870 ) (228,523 ) (88,143 ) Plus: Unrealized Performance Allocations Compensation (h) (1,386,543 ) 1,150,219 (914,259 ) 2,200,188 Plus: Equity-Based Compensation (i) 195,644 121,422 397,189 265,694 Plus: Interest Expense (j) 69,425 44,132 136,027 88,472 Impact of Consolidation (e) 190,832 (432,153 ) (30,595 ) (819,632 ) Amortization of Intangibles (k) 17,044 17,044 34,088 34,168 Transaction-Related Charges (f) 25,141 35,533 50,474 63,421 Administrative Fee Adjustment (l) 2,476 2,551 4,961 5,259 Total Segment Distributable Earnings $ 2,343,896 $ 1,221,867 $ 4,441,545 $ 2,511,261 As of June 30, 2022 Total Assets Total GAAP Assets $ 41,631,308 Impact of Consolidation (e) (2,971,306 ) Total Segment Assets $ 38,660,002 Segment basis presents revenues and expenses on a basis that deconsolidates the investment funds Blackstone manages and excludes the amortization of intangibles and Transaction-Related Charges. (a) This adjustment removes Unrealized Performance Revenues on a segment basis. (b) This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis. (c) This adjustment removes Interest and Dividend Revenue on a segment basis. (d) This adjustment removes Other Revenue on a segment basis. For the three months ended June 30, 2022 and 2021, Other Revenue on a GAAP basis was $155.6 million and $27.9 million, and included $155.5 million and $27.3 million of foreign exchange gains, respectively. For the six months ended June 30, 2022 and 2021, Other Revenue on a GAAP basis was $228.5 million and $88.2 million, and included $228.2 million and $86.9 million of foreign exchange gains, respectively. (e) This adjustment reverses the effect of consolidating Blackstone Funds, which are excluded from Blackstone’s segment presentation. This adjustment includes the elimination of Blackstone’s interest in these funds, the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling (f) This adjustment removes Transaction-Related Charges, which are excluded from Blackstone’s segment presentation. Transaction-Related Charges arise from corporate actions including acquisitions, divestitures, and Blackstone’s initial public offering. They consist primarily of equity-based compensation charges, gains and losses on contingent consideration arrangements, changes in the balance of the Tax Receivable Agreement resulting from a change in tax law or similar event, transaction costs and any gains or losses associated with these corporate actions. (g) Total Segment Revenues is comprised of the following: Three Months Ended Six Months Ended June 30, 2022 2021 2022 2021 Total Segment Management and Advisory Fees, Net $ 1,556,917 $ 1,212,742 $ 3,030,285 $ 2,390,947 Total Segment Fee Related Performance Revenues 346,593 48,889 904,658 218,057 Total Segment Realized Performance Revenues 2,206,774 792,938 3,519,584 1,194,261 Total Segment Realized Principal Investment Income 43,509 63,132 200,604 361,288 Total Segment Revenues $ 4,153,793 $ 2,117,701 $ 7,655,131 $ 4,164,553 (h) This adjustment removes Unrealized Performance Allocations Compensation. (i) This adjustment removes Equity-Based Compensation on a segment basis. (j) This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the Tax Receivable Agreement. (k) This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation. (l) This adjustment adds an amount equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units. The administrative fee is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (m) Total Segment Expenses is comprised of the following: Three Months Ended Six Months Ended June 30, 2022 2021 2022 2021 Total Segment Fee Related Compensation $ 621,413 $ 375,385 $ 1,291,884 $ 820,495 Total Segment Realized Performance Compensation 926,974 338,271 1,446,094 489,195 Total Segment Other Operating Expenses 261,510 182,178 475,608 343,602 Total Segment Expenses $ 1,809,897 $ 895,834 $ 3,213,586 $ 1,653,292 Reconciliations of Total Segment Components The following tables reconcile the components of Total Segments to their equivalent GAAP measures, reported on the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Management and Advisory Fees, Net GAAP $ 1,561,187 $ 1,212,549 $ 3,037,123 $ 2,390,364 Segment Adjustment (a) (4,270 ) 193 (6,838 ) 583 Total Segment $ 1,556,917 $ 1,212,742 $ 3,030,285 $ 2,390,947 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees $ 99,598 $ 33,207 $ 204,087 $ 69,331 Investment Income - Realized Performance Allocations 2,453,769 808,620 4,220,155 1,342,987 GAAP 2,553,367 841,827 4,424,242 1,412,318 Total Segment Less: Realized Performance Revenues (2,206,774 ) (792,938 ) (3,519,584 ) (1,194,261 ) Total Segment $ 346,593 $ 48,889 $ 904,658 $ 218,057 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation $ 686,012 $ 507,104 $ 1,342,517 $ 1,049,742 Incentive Fee Compensation 45,363 14,431 86,382 27,756 Realized Performance Allocations Compensation 1,035,916 347,423 1,753,517 560,450 GAAP 1,767,291 868,958 3,182,416 1,637,948 Total Segment Less: Realized Performance Compensation (926,974 ) (338,271 ) (1,446,094 ) (489,195 ) Less: Equity-Based Compensation - Fee Related Compensation (191,769 ) (119,491 ) (392,156 ) (261,165 ) Less: Equity-Based Compensation - Performance Compensation (3,875 ) (1,931 ) (5,033 ) (4,529 ) Segment Adjustment (b) (23,260 ) (33,880 ) (47,249 ) (62,564 ) Total Segment $ 621,413 $ 375,385 $ 1,291,884 $ 820,495 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 GAAP General, Administrative Total GAAP $ 289,288 $ 205,057 $ 529,962 $ 390,179 Segment Adjustment (c) (27,778 ) (22,879 ) (54,354 ) (46,577 ) Total Segment $ 261,510 $ 182,178 $ 475,608 $ 343,602 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Performance Revenues GAAP Incentive Fees $ 99,598 $ 33,207 $ 204,087 $ 69,331 Investment Income - Realized Performance 2,453,769 808,620 4,220,155 1,342,987 GAAP 2,553,367 841,827 4,424,242 1,412,318 Total Segment Less: Fee Related Performance Revenues (346,593 ) (48,889 ) (904,658 ) (218,057 ) Total Segment $ 2,206,774 $ 792,938 $ 3,519,584 $ 1,194,261 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Performance Compensation GAAP Incentive Fee Compensation $ 45,363 $ 14,431 $ 86,382 $ 27,756 Realized Performance Allocation Compensation 1,035,916 347,423 1,753,517 560,450 GAAP 1,081,279 361,854 1,839,899 588,206 Total Segment Less: Fee Related Performance Compensation (d) (150,430 ) (21,652 ) (388,772 ) (94,482 ) Less: Equity-Based Compensation - Performance Compensation (3,875 ) (1,931 ) (5,033 ) (4,529 ) Total Segment $ 926,974 $ 338,271 $ 1,446,094 $ 489,195 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Principal Investment Income GAAP $ 265,161 $ 152,060 $ 550,265 $ 507,098 Segment Adjustment (e) (221,652 ) (88,928 ) (349,661 ) (145,810 ) Total Segment $ 43,509 $ 63,132 $ 200,604 $ 361,288 Segment basis presents revenues and expenses on a basis that deconsolidates the investment funds Blackstone manages and excludes the amortization of intangibles, the expense of equity-based awards and Transaction-Related Charges. (a) Represents (1) the add back of net management fees earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures. (b) Represents the removal of Transaction-Related Charges that are not recorded in the Total Segment measures. (c) Represents the (1) removal of amortization of transaction-related intangibles, (2) removal of certain expenses reimbursed by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and (3) a reduction equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units which is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (d) Fee related performance compensation may include equity-based compensation based on fee related performance revenues. (e) Represents (1) the add back of Principal Investment Income, including general partner income, earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events	19. Subsequent Events There have been no events since June 30, 2022 that require recognition or disclosure in the Condensed Consolidated Financial Statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Blackstone have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Form 10-Q. Form 10-K The condensed consolidated financial statements include the accounts of Blackstone, its wholly owned or majority owned subsidiaries, the consolidated entities which are considered to be variable interest entities and for which Blackstone is considered the primary beneficiary, and certain partnerships or similar entities which are not considered variable interest entities but in which the general partner is determined to have control. All intercompany balances and transactions have been eliminated in consolidation.​​​​​​​
Consolidation	Consolidation Blackstone consolidates all entities that it controls through a majority voting interest or otherwise, including those Blackstone Funds in which the general partner has a controlling financial interest. Blackstone has a controlling financial interest in Blackstone Holdings because the limited partners do not have the right to dissolve the partnerships or have substantive kick-out non-controlling In addition, Blackstone consolidates all variable interest entities (“VIE”) for which it is the primary beneficiary. An enterprise is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation guidance requires an analysis to determine (a) whether an entity in which Blackstone holds a variable interest is a VIE and (b) whether Blackstone’s involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests, would give it a controlling financial interest. Performance of that analysis requires the exercise of judgment. Blackstone determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a variable interest entity and continuously reconsiders that conclusion. In determining whether Blackstone is the primary beneficiary, Blackstone evaluates its control rights as well as economic interests in the entity held either directly or indirectly by Blackstone. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that Blackstone is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by Blackstone, affiliates of Blackstone or third parties) or amendments to the governing documents of the respective Blackstone Funds could affect an entity’s status as a VIE or the determination of the primary beneficiary. At each reporting date, Blackstone assesses whether it is the primary beneficiary and will consolidate or deconsolidate accordingly. Assets of consolidated VIEs that can only be used to settle obligations of the consolidated VIE and liabilities of a consolidated VIE for which creditors (or beneficial interest holders) do not have recourse to the general credit of Blackstone are presented in a separate section in the Condensed Consolidated Statements of Financial Condition. Blackstone’s other disclosures regarding VIEs are discussed in Note 9. “Variable Interest Entities.”
Revenue Recognition	Revenue Recognition Revenues primarily consist of management and advisory fees, incentive fees, investment income, interest and dividend revenue and other. Management and advisory fees and incentive fees are accounted for as contracts with customers. Under the guidance for contracts with customers, an entity is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. See Note 18. “Segment Reporting” for a disaggregated presentation of revenues from contracts with customers. Management and Advisory Fees, Net Blackstone earns base management fees from its customers, at a fixed percentage of a calculation base which is typically assets under management, net asset value, gross asset value, total assets, committed capital or invested capital. Blackstone identifies its customers on a fund by fund basis in accordance with the terms and circumstances of the individual fund. Generally, the customer is identified as the investors in its managed funds and investment vehicles, but for certain widely held funds or vehicles, the fund or vehicle itself may be identified as the customer. These customer contracts require Blackstone to provide investment management services, which represents a performance obligation that Blackstone satisfies over time. Management fees are a form of variable consideration because the fees Blackstone is entitled to vary based on fluctuations in the basis for the management fee. The amount recorded as revenue is generally determined at the end of the period because these management fees are payable on a regular basis (typically quarterly) and are not subject to clawback once paid. Transaction, advisory and other fees are principally fees charged to the investors of funds indirectly through the managed funds and portfolio companies. The investment advisory agreements generally require that the investment adviser reduce the amount of management fees payable by the investors to Blackstone (“management fee reductions”) by an amount equal to a portion of the transaction and other fees paid to Blackstone by the portfolio companies. The amount of the reduction varies by fund, the type of fee paid by the portfolio company and the previously incurred expenses of the fund. These fees and associated management fee reductions are a component of the transaction price for Blackstone’s performance obligation to provide investment management services to the investors of funds and are recognized as changes to the transaction price in the period in which they are charged and the services are performed. Management fee offsets are reductions to management fees payable by the investors of the Blackstone Funds, which are based on the amount such investors reimburse the Blackstone Funds or Blackstone primarily for placement fees. Providing investment management services requires Blackstone to arrange for services on behalf of its customers. In those situations where Blackstone is acting as an agent on behalf of the investors of funds, it presents the cost of services as net against management fee revenue. In all other situations, Blackstone is primarily responsible for fulfilling the services and is therefore acting as a principal for those arrangements. As a result, the cost of those services is presented as Compensation or General, Administrative and Other expense, as appropriate, with any reimbursement from the investors of the funds recorded as Management and Advisory Fees, Net. In cases where the investors of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract. Capitalized placement fees are amortized over the life of the customer contract, are recorded within Other Assets in the Condensed Consolidated Statements of Financial Condition and amortization is recorded within General, Administrative and Other within the Condensed Consolidated Statements of Operations. Accrued but unpaid Management and Advisory Fees, net of management fee reductions and management fee offsets, as of the reporting date are included in Accounts Receivable or Due from Affiliates in the Condensed Consolidated Statements of Financial Condition. Incentive Fees Investment Income (Loss) In carry fund structures, Blackstone, through its subsidiaries, invests alongside its limited partners in a partnership and is entitled to its pro-rata “pro-rata pro-rata Performance Allocations are made to the general partner based on cumulative fund performance to date, subject to a preferred return to limited partners. At the end of each reporting period, Blackstone calculates the balance of accrued Performance Allocations (“Accrued Performance Allocations”) that would be due to Blackstone for each fund, pursuant to the fund agreements, as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as Accrued Performance Allocations to reflect either (a) positive performance resulting in an increase in the Accrued Performance Allocation to the general partner or (b) negative performance that would cause the amount due to Blackstone to be less than the amount previously recognized as revenue, resulting in a negative adjustment to the Accrued Performance Allocation to the general partner. In each scenario, it is necessary to calculate the Accrued Performance Allocation on cumulative results compared to the Accrued Performance Allocation recorded to date and make the required positive or negative adjustments. Blackstone ceases to record negative Performance Allocations once previously Accrued Performance Allocations for such fund have been fully reversed. Blackstone is not obligated to pay guaranteed returns or hurdles, and therefore, cannot have negative Performance Allocations over the life of a fund. Accrued Performance Allocations as of the reporting date are reflected in Investments in the Condensed Consolidated Statements of Financial Condition. Performance Allocations are realized when an underlying investment is profitably disposed of and the fund’s cumulative returns are in excess of the preferred return or, in limited instances, after certain thresholds for return of capital are met. Performance Allocations are subject to clawback to the extent that the Performance Allocation received to date exceeds the amount due to Blackstone based on cumulative results. As such, the accrual for potential repayment of previously received Performance Allocations, which is a component of Due to Affiliates, represents all amounts previously distributed to Blackstone Holdings and non-controlling Principal Investments include the unrealized and realized gains and losses on Blackstone’s principal investments, including its investments in Blackstone Funds that are not consolidated and receive pro-rata Interest and Dividend Revenue Other Revenue
Fair Value of Financial Instruments	Fair Value of Financial Instruments GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: ● Level I – Quoted prices are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments in Level I include listed equities, listed derivatives and mutual funds with quoted prices. Blackstone does not adjust the quoted price for these investments, even in situations where Blackstone holds a large position and a sale could reasonably impact the quoted price. ● Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Financial instruments which are generally included in this category include corporate bonds and loans, including corporate bonds and loans held within CLO vehicles, government and agency securities, less liquid and restricted equity securities, and certain over-the-counter ● Level III – Pricing inputs are unobservable for the financial instruments and includes situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value require significant management judgment or estimation. Financial instruments that are included in this category generally include general and limited partnership interests in private equity and real estate funds, credit-focused funds, distressed debt and non-investment over-the-counter In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the determination of which category within the fair value hierarchy is appropriate for any given financial instrument is based on the lowest level of input that is significant to the fair value measurement. Blackstone’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. Level II Valuation Techniques Financial instruments classified within Level II of the fair value hierarchy comprise of debt instruments, including debt securities sold, not yet purchased and certain equity securities and derivative instruments valued using observable inputs. The valuation techniques used to value financial instruments classified within Level II of the fair value hierarchy are as follows: ● Debt Instruments and Equity Securities are valued on the basis of prices from an orderly transaction between market participants provided by reputable dealers or pricing services. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrices and market transactions in comparable investments and various relationships between investments. The valuation of certain equity securities is based on an observable price for an identical security adjusted for the effect of a restriction. ● Freestanding Derivatives are valued using contractual cash flows and observable inputs comprising yield curves, foreign currency rates and credit spreads. Level III Valuation Techniques In the absence of observable market prices, Blackstone values its investments using valuation methodologies applied on a consistent basis. For some investments little market activity may exist; management’s determination of fair value is then based on the best information available in the circumstances, and may incorporate management’s own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors, including the appropriate risk adjustments for non-performance Real Estate Investments – Private Equity Investments – Credit-Focused Investments The market approach is generally used to determine the enterprise value of the issuer of a credit investment, and considers valuation multiples of comparable companies or transactions. The resulting enterprise value will dictate whether or not such credit investment has adequate enterprise value coverage. In cases of distressed credit instruments, the market approach may be used to estimate a recovery value in the event of a restructuring.
Investments, at Fair Value	Investments, at Fair Value The Blackstone Funds are accounted for as investment companies under the American Institute of Certified Public Accountants Accounting and Auditing Guide, Investment Companies Blackstone’s principal investments are presented at fair value with unrealized appreciation or depreciation and realized gains and losses recognized in the Condensed Consolidated Statements of Operations within Investment Income (Loss). For certain instruments, Blackstone has elected the fair value option. Such election is irrevocable and is applied on an investment by investment basis at initial recognition or other eligible election dates. Blackstone has applied the fair value option for certain loans and receivables, unfunded loan commitments and certain investments in private debt securities that otherwise would not have been carried at fair value with gains and losses recorded in net income. The methodology for measuring the fair value of such investments is consistent with the methodology applied to private equity, real estate, credit-focused and funds of hedge funds investments. Changes in the fair value of such instruments are recognized in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. Interest income on interest bearing loans and receivables and debt securities on which the fair value option has been elected is based on stated coupon rates adjusted for the accretion of purchase discounts and the amortization of purchase premiums. This interest income is recorded within Interest and Dividend Revenue. Blackstone has elected the fair value option for certain proprietary investments that would otherwise have been accounted for using the equity method of accounting. The fair value of such investments is based on quoted prices in an active market or using the discounted cash flow method. Changes in fair value are recognized in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. Further disclosure on instruments for which the fair value option has been elected is presented in Note 7. “Fair Value Option.” The investments of consolidated Blackstone Funds in funds of hedge funds (“Investee Funds”) are valued at net asset value (“NAV”) per share of the Investee Fund. In limited circumstances, Blackstone may determine, based on its own due diligence and investment procedures, that NAV per share does not represent fair value. In such circumstances, Blackstone will estimate the fair value in good faith and in a manner that it reasonably chooses, in accordance with the requirements of GAAP. Certain investments of Blackstone and of the consolidated Blackstone funds of hedge funds and credit-focused funds measure their investments in underlying funds at fair value using NAV per share without adjustment. The terms of the investee’s investment generally provide for minimum holding periods or lock-ups, Security and loan transactions are recorded on a trade date basis. Blackstone may elect to measure certain proprietary investments in equity securities without readily determinable fair values under the measurement alternative, which reflects cost less impairment, with adjustments in value resulting from observable price changes arising from orderly transactions of the same or a similar security from the same issuer. If the measurement alternative election is not made, the equity security is measured at fair value. The measurement alternative election is made on an instrument by instrument basis.
Equity Method Investments	Equity Method Investments Investments in which Blackstone is deemed to exert significant influence, but not control, are accounted for using the equity method of accounting except in cases where the fair value option has been elected. Blackstone has significant influence over all Blackstone Funds in which it invests but does not consolidate. Therefore, its investments in such Blackstone Funds, which include both a proportionate and disproportionate allocation of the profits and losses (as is the case with carry funds that include a Performance Allocation), are accounted for under the equity method. Under the equity method of accounting, Blackstone’s share of earnings (losses) from equity method investments is included in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. In cases where Blackstone’s equity method investments provide for a disproportionate allocation of the profits and losses (as is the case with carry funds that include a Performance Allocation), Blackstone’s share of earnings (losses) from equity method investments is determined using a balance sheet approach referred to as the hypothetical liquidation at book value (“HLBV”) method. Under the HLBV method, at the end of each reporting period, Blackstone calculates the Accrued Performance Allocations that would be due to Blackstone for each fund pursuant to the fund agreements as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as Accrued Performance Allocations to reflect either (a) positive performance resulting in an increase in the Accrued Performance Allocation to the general partner, or (b) negative performance that would cause the amount due to Blackstone to be less than the amount previously recognized as revenue, resulting in a negative adjustment to the Accrued Performance Allocation to the general partner. In each scenario, it is necessary to calculate the Accrued Performance Allocation on cumulative results compared to the Accrued Performance Allocation recorded to date and make the required positive or negative adjustments. Blackstone ceases to record negative Performance Allocations once previously Accrued Performance Allocations for such fund have been fully reversed. Blackstone is not obligated to pay guaranteed returns or hurdles, and therefore, cannot have negative Performance Allocations over the life of a fund. The carrying amounts of equity method investments are reflected in Investments in the Condensed Consolidated Statements of Financial Condition. Strategic Partners’ results presented in Blackstone’s financial statements are reported on a three month lag from Strategic Partners’ fund financial statements, which report the performance of underlying investments generally on a same quarter basis, if available. Therefore, Strategic Partners’ results presented herein do not reflect the impact of economic and market activity in the current quarter. Current quarter market activity of Strategic Partners’ underlying investments is expected to affect Blackstone’s reported results in upcoming periods. Effective September 30, 2021, Strategic Partners’ fund financial reporting process was updated to report the performance of underlying fund investments generally on a same-quarter basis, if available. Previously, such fund financial reporting in Strategic Partners’ fund financial statements generally reported on a three month lag. This update to Strategic Partners’ fund financial reporting process has permitted Strategic Partners’ appreciation to be reported in Blackstone’s financial statements on a more current basis.
Compensation and Benefits	Compensation and Benefits Compensation and Benefits Compensation Compensation and Benefits — Incentive Fee Compensation — Compensation and Benefits — Performance Allocations Compensation — in-kind).
Non-Controlling Interests in Consolidated Entities	Non-Controlling Non-Controlling non-controlling
Redeemable Non-Controlling Interests in Consolidated Entities	Redeemable Non-Controlling Investors in certain consolidated funds may be granted redemption rights that allow for quarterly or monthly redemption, as outlined in the relevant fund governing documents. Such redemption rights may include limitations on the amounts that may be redeemed in a given period, may only allow for redemption following the expiration of a specified period of time, or may be withdrawn subject to a redemption fee during the period when capital may not be withdrawn. As a result, amounts relating to third party interests in such consolidated funds are presented as Redeemable Non-Controlling non-controlling Non-Controlling
Non-Controlling Interests in Blackstone Holdings	Non-Controlling Non-Controlling Certain costs and expenses are borne directly by the Holdings Partnerships. Income (Loss), excluding those costs directly borne by and attributable to the Holdings Partnerships, is attributable to Non-Controlling
Income Taxes	Income Taxes Provision of Income Taxes Income taxes are provided for using the asset and liability method under which deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities, resulting in all pretax amounts being appropriately tax effected in the period, irrespective of which tax return year items will be reflected. Blackstone reports interest expense and tax penalties related to income tax matters in provision for income taxes. Deferred Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are established to reduce the deferred tax assets to the amount that is more likely than not to be realized. Deferred tax assets are separately stated, and deferred tax liabilities are included in Accounts Payable, Accrued Expenses, and Other Liabilities in the financial statements. Unrecognized Tax Benefits Blackstone recognizes tax positions in the condensed consolidated financial statements when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit what will more likely than not be realized on settlement. A liability is established for differences between positions taken in the return and amounts recognized in the condensed consolidated financial statements.
Net Income (Loss) Per Share of Common Stock	Net Income (Loss) Per Share of Common Stock Basic Income (Loss) Per Share of Common Stock is calculated by dividing Net Income (Loss) Attributable to Blackstone Inc. by the weighted-average shares of common stock, unvested participating shares of common stock outstanding for the period and vested deferred restricted shares of common stock that have been earned for which issuance of the related shares of common stock is deferred until future periods. Diluted Income (Loss) Per Share of Common Stock reflects the impact of all dilutive securities. Unvested participating shares of common stock are excluded from the computation in periods of loss as they are not contractually obligated to share in losses. Blackstone applies the treasury stock method to determine the dilutive weighted-average common shares outstanding for certain equity-based compensation awards. Blackstone applies the “if-converted”
Reverse Repurchase and Repurchase Agreements	Reverse Repurchase and Repurchase Agreements Securities purchased under agreements to resell (“reverse repurchase agreements”) and securities sold under agreements to repurchase (“repurchase agreements”), comprised primarily of U.S. and non-U.S. Blackstone manages credit exposure arising from reverse repurchase agreements and repurchase agreements by, in appropriate circumstances, entering into master netting agreements and collateral arrangements with counterparties that provide Blackstone, in the event of a counterparty default, the right to liquidate collateral and the right to offset a counterparty’s rights and obligations. Blackstone takes possession of securities purchased under reverse repurchase agreements and is permitted to repledge, deliver or otherwise use such securities. Blackstone also pledges its financial instruments to counterparties to collateralize repurchase agreements. Financial instruments pledged that can be repledged, delivered or otherwise used by the counterparty are recorded in Investments in the Condensed Consolidated Statements of Financial Condition. Additional disclosures relating to repurchase agreements are discussed in Note 10. “Repurchase Agreements.” Blackstone does not offset assets and liabilities relating to reverse repurchase agreements and repurchase agreements in its Condensed Consolidated Statements of Financial Condition. Additional disclosures relating to offsetting are discussed in Note 11. “Offsetting of Assets and Liabilities.”
Securities Sold, Not Yet Purchased	Securities Sold, Not Yet Purchased Securities Sold, Not Yet Purchased consist of equity and debt securities that Blackstone has borrowed and sold. Blackstone is required to “cover” its short sale in the future by purchasing the security at prevailing market prices and delivering it to the counterparty from which it borrowed the security. Blackstone is exposed to loss in the event that the price at which a security may have to be purchased to cover a short sale exceeds the price at which the borrowed security was sold short. Securities Sold, Not Yet Purchased are recorded at fair value in the Condensed Consolidated Statements of Financial Condition.
Derivative Instruments	Derivative Instruments Blackstone recognizes all derivatives as assets or liabilities on its Condensed Consolidated Statements of Financial Condition at fair value. On the date Blackstone enters into a derivative contract, it designates and documents each derivative contract as one of the following: (a) a hedge of a recognized asset or liability (“fair value hedge”), (b) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), (c) a hedge of a net investment in a foreign operation, or (d) a derivative instrument not designated as a hedging instrument (“freestanding derivative”). For freestanding derivative contracts, Blackstone presents changes in fair value in current period earnings. Changes in the fair value of derivative instruments held by consolidated Blackstone Funds are reflected in Net Gains from Fund Investment Activities or, where derivative instruments are held by Blackstone, within Investment Income (Loss) in the Condensed Consolidated Statements of Operations. The fair value of freestanding derivative assets of the consolidated Blackstone Funds are recorded within Investments, the fair value of freestanding derivative assets that are not part of the consolidated Blackstone Funds are recorded within Other Assets and the fair value of freestanding derivative liabilities are recorded within Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. Blackstone has elected to not offset derivative assets and liabilities or financial assets in its Condensed Consolidated Statements of Financial Condition, including cash, that may be received or paid as part of collateral arrangements, even when an enforceable master netting agreement is in place that provides Blackstone, in the event of counterparty default, the right to liquidate collateral and the right to offset a counterparty’s rights and obligations. Blackstone’s other disclosures regarding derivative financial instruments are discussed in Note 6. “Derivative Financial Instruments.” Blackstone’s disclosures regarding offsetting are discussed in Note 11. “Offsetting of Assets and Liabilities.”
Affiliates	Affiliates Blackstone considers its Founder, senior managing directors, employees, the Blackstone Funds and the Portfolio Companies to be affiliates.
Dividends	Dividends Dividends are reflected in the condensed consolidated financial statements when declared.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Intangible Assets, Net	Intangible Assets, Net consists of the following: June 30, December 31, 2022 2021 Finite-Lived Intangible Assets/Contractual Rights $ 1,745,376 $ 1,745,376 Accumulated Amortization (1,498,388 ) (1,460,992 ) Intangible Assets, Net $ 246,988 $ 284,384

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Investments	Investments consist of the following: June 30, December 31, 2022 2021 Investments of Consolidated Blackstone Funds $ 3,764,850 $ 2,018,829 Equity Method Investments Partnership Investments 5,446,688 5,635,212 Accrued Performance Allocations 13,544,855 17,096,873 Corporate Treasury Investments 810,672 658,066 Other Investments 3,756,693 3,256,063 $ 27,323,758 $ 28,665,043
Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income (Loss) - Net Gains (Losses) from Fund Investment Activities in Consolidated Statements of Operations	The following table presents the Realized and Net Change in Unrealized Gains (Losses) on investments held by the consolidated Blackstone Funds and a reconciliation to Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities in the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Gains $ 94,181 $ 33,001 $ 111,869 $ 61,995 Net Change in Unrealized Gains (Losses) (213,436 ) 88,489 (185,595 ) 172,956 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds (119,255 ) 121,490 (73,726 ) 234,951 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 14,929 5,626 20,276 12,518 Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities $ (104,326 ) $ 127,116 $ (53,450 ) $ 247,469 28
Performance Fees Allocated to Funds	Accrued Performance Allocations to Blackstone were as follows: Real Private Hedge Fund Credit & Estate Equity Solutions Insurance Total Accrued Performance Allocations, December 31, 2021 $ 8,471,754 $ 7,550,468 $ 456,405 $ 618,246 $ 17,096,873 Performance Allocations as a Result of Changes in Fund Fair Values 2,440,870 (353,970 ) 56,264 5,454 2,148,618 Foreign Exchange Loss (97,153 ) — — — (97,153 ) Impact of Consolidation (10,393 ) — — — (10,393 ) Fund Distributions (4,591,348 ) (815,886 ) (58,754 ) (127,102 ) (5,593,090 ) Accrued Performance Allocations, $ 6,213,730 $ 6,380,612 $ 453,915 $ 496,598 $ 13,544,855
Realized and Net Change in Unrealized Gains (Losses) on Investments	The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Gains (Losses) $ (18,655 ) $ (1,049 ) $ (20,617 ) $ 5,885 Net Change in Unrealized Gains (Losses) (19,980 ) 29,523 (47,583 ) 39,452 $ (38,635 ) $ 28,474 $ (68,200 ) $ 45,337
Realized and Net Change in Unrealized Gains in Other Investments	. The following table presents Blackstone’s Realized and Net Change in Unrealized Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Gains $ 15,992 $ 29,309 $ 117,341 $ 29,422 Net Change in Unrealized Gains (Losses) (70,785 ) 1,065 (151,270 ) 285,567 $ (54,793 ) $ 30,374 $ (33,929 ) $ 314,989

Net Asset Value as Fair Value (

Net Asset Value as Fair Value (Tables)	6 Months Ended
	Jun. 30, 2022
Summary of Fair Value by Strategy Type Alongside Consolidated Funds of Hedge Funds' Remaining Unfunded Commitments and Ability to Redeem Such Investments	A summary of fair value by strategy type and ability to redeem such investments as of June 30, 2022 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value (if currently eligible) Notice Period Equity $ 433,281 (b) (b) Real Estate 118,606 (c) (c) Credit Driven 25,778 (d) (d) Commodities 1,119 (e) (e) Diversified Instruments 17 (f) (f) $ 578,801 (a) As of June 30, 2022, Blackstone had no unfunded commitments. (b) The Equity category includes investments in hedge funds that invest primarily in domestic and international equity securities. Investment representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. Investments representing less than 1% of the fair value of the investments in this category are in liquidation. As of the reporting date, the investee fund manager had elected to side-pocket less than 1% of Blackstone’s investments in the category. (c) The Real Estate category includes estate (d) The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. Investments representing 83% of the fair value of the investments in this category are in liquidation. The remaining 17% of investments in this category may not be redeemed at, or within three months of, the reporting date. (e) The Commodities category includes investments in commodities-focused funds that primarily invest in futures and physical-based commodity driven strategies. Investments representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. (f) Diversified Instruments include investments in funds that invest across multiple strategies. Investments representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Summary of Aggregate Notional Amount and Fair Value of Derivative Financial Instruments	The table below summarizes the aggregate notional amount and fair value of the derivative financial instruments. The notional amount represents the absolute value amount of all outstanding derivative contracts. June 30, 2022 December 31, 2021 Assets Liabilities Assets Liabilities Fair Fair Fair Fair Notional Value Notional Value Notional Value Notional Value Freestanding Derivatives Blackstone Interest Rate Contracts $ 690,840 $ 139,430 $ 614,600 $ 42,341 $ 609,132 $ 143,349 $ 692,442 $ 138,677 Foreign Currency Contracts 891,070 12,874 1,008,220 14,653 217,161 1,858 572,643 6,143 Credit Default Swaps 2,007 349 9,463 1,433 2,007 194 9,916 1,055 1,583,917 152,653 1,632,283 58,427 828,300 145,401 1,275,001 145,875 Investments of Consolidated Blackstone Funds Foreign Currency Contracts 132,289 2,405 506 2 20,764 339 54,300 370 Interest Rate Contracts 596,327 26,577 — — — — 14,000 764 Credit Default Swaps 3,401 585 6,814 1,173 3,401 321 22,865 799 732,017 29,567 7,320 1,175 24,165 660 91,165 1,933 $ 2,315,934 $ 182,220 $ 1,639,603 $ 59,602 $ 852,465 $ 146,061 $ 1,366,166 $ 147,808
Summary of Impact of Derivative Financial Instruments to Consolidated Statements of Operations	The table below summarizes the impact to the Condensed Consolidated Statements of Operations from derivative financial instruments: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts $ 1,379 $ (348 ) $ 5,278 $ 1,298 Foreign Currency Contracts (8,767 ) 2,887 (4,775 ) 4,423 Credit Default Swaps 33 (8 ) 128 (990 ) Total Return Swaps — (65 ) — (1,415 ) Other — — — (40 ) (7,355 ) 2,466 631 3,276 Net Change in Unrealized Gains (Losses) Interest Rate Contracts 72,721 39,484 107,677 45,185 Foreign Currency Contracts 6,766 (3,249 ) (2,606 ) (3,376 ) Credit Default Swaps (433 ) — (420 ) 842 Total Return Swaps — — — 2,130 Other — — — (20 ) 79,054 36,235 104,651 44,761 $ 71,699 $ 38,701 $ 105,282 $ 48,037

Fair Value Option (Tables)

Fair Value Option (Tables)	6 Months Ended
	Jun. 30, 2022
Summary of Financial Instruments for Which Fair Value Option Has Been Elected	The following table summarizes the financial instruments for which the fair value option has been elected: June 30, December 31, 2022 2021 Assets Loans and Receivables $ 534,105 $ 392,732 Equity and Preferred Securities 1,236,517 516,539 Debt Securities 155,105 183,877 $ 1,925,727 $ 1,093,148 Liabilities Corporate Treasury Commitments $ 8,697 $ 636
Realized and Net Change in Unrealized Gains (Losses) on Financial Instruments on Financial Instruments on Which Fair Value Option was Elected	The following tables present the Realized and Net Change in Unrealized Gains (Losses) on financial instruments on which the fair value option was elected: Three Months Ended June 30, 2022 2021 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains Assets Loans and Receivables $ (1,964 ) $ (6,805 ) $ (3,065 ) $ 7,012 Equity and Preferred Securities 13,023 (19,774 ) 18,444 9,530 Debt Securities (3,415 ) (19,227 ) 1,303 1,923 $ 7,644 $ (45,806 ) $ 16,682 $ 18,465 Liabilities Corporate Treasury Commitments $ — $ (6,868 ) $ — $ 7 Six Months Ended June 30, 2022 2021 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) Assets Loans and Receivables $ (3,417 ) $ (5,359 ) $ (7,896 ) $ 5,083 Equity and Preferred Securities 12,301 (12,938 ) 18,444 40,401 Debt Securities (4,367 ) (28,209 ) 9,970 (4,235 ) $ 4,517 $ (46,506 ) $ 20,518 $ 41,249 Liabilities Corporate Treasury Commitments $ — $ (8,061 ) $ — $ (193 )
Information for Financial Instruments on Which Fair Value Option was Elected	The following table presents information for those financial instruments for which the fair value option was elected: June 30, 2022 December 31, 2021 For Financial Assets For Financial Assets Past Due Past Due (Deficiency) Excess (Deficiency) Excess of Fair Value Fair of Fair Value of Fair Value Fair of Fair Value Over Principal Value Over Principal Over Principal Value Over Principal Loans and Receivables $ (8,906 ) $ — $ — $ (2,748 ) $ — $ — Debt Securities (58,938 ) — — (29,475 ) — — $ (67,844 ) $ — $ — $ (32,223 ) $ — $ —

Fair Value Measurements of Fi_2

Fair Value Measurements of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Financial Assets and Liabilities at Fair Value	The following tables summarize the valuation of Blackstone’s financial assets and liabilities by the fair value hierarchy: June 30, 2022 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 1,425,552 $ — $ — $ — $ 1,425,552 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 42,980 122,867 2,724,955 573,284 3,464,086 Debt Instruments 452 203,888 66,857 — 271,197 Freestanding Derivatives — 29,567 — — 29,567 Total Investments of Consolidated Blackstone Funds 43,432 356,322 2,791,812 573,284 3,764,850 Corporate Treasury Investments 296,608 508,042 6,022 — 810,672 Other Investments 313,295 927,460 53,649 5,517 1,299,921 Total Investments 653,335 1,791,824 2,851,483 578,801 5,875,443 Accounts Receivable - Loans and Receivables — — 534,105 — 534,105 Other Assets - Freestanding Derivatives 606 152,047 — — 152,653 $ 2,079,493 $ 1,943,871 $ 3,385,588 $ 578,801 $ 7,987,753 Liabilities Securities Sold, Not Yet Purchased $ 3,966 $ 23,063 $ — $ — $ 27,029 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 1,175 — — 1,175 Freestanding Derivatives 81 58,346 — — 58,427 Corporate Treasury Commitments (b) — — 8,697 — 8,697 Total Accounts Payable, Accrued Expenses and Other Liabilities 81 59,521 8,697 — 68,299 $ 4,047 $ 82,584 $ 8,697 $ — $ 95,328 December 31, 2021 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 173,408 $ — $ — $ — $ 173,408 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 70,484 122,068 1,170,362 382,267 1,745,181 Debt Instruments 642 242,393 29,953 — 272,988 Freestanding Derivatives — 660 — — 660 Total Investments of Consolidated Blackstone Funds 71,126 365,121 1,200,315 382,267 2,018,829 Corporate Treasury Investments 86,877 570,712 477 — 658,066 Other Investments (c) 478,892 210,752 2,518,032 4,845 3,212,521 Total Investments 636,895 1,146,585 3,718,824 387,112 5,889,416 Accounts Receivable - Loans and Receivables — — 392,732 — 392,732 Other Assets - Freestanding Derivatives 113 145,288 — — 145,401 $ 810,416 $ 1,291,873 $ 4,111,556 $ 387,112 $ 6,600,957 Liabilities Securities Sold, Not Yet Purchased $ 4,292 $ 23,557 $ — $ — $ 27,849 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 1,933 — — 1,933 Freestanding Derivatives 323 145,552 — — 145,875 Corporate Treasury Commitments (b) — — 636 — 636 Total Accounts Payable, Accrued Expenses and Other Liabilities 323 147,485 636 — 148,444 $ 4,615 $ 171,042 $ 636 $ — $ 176,293 LLC Limited Liability Company. (a) Equity Securities, Partnership and LLC Interest includes investments in investment funds. Prior period amounts have been reclassified to this presentation. (b) Corporate Treasury Commitments are measured using third party pricing. (c) Level III Other Investments includes Blackstone’s $2.2 billion equity interest in Corebridge and other investments that were remeasured as the result of an observable transaction. These fair value measurements are nonrecurring and are measured as of either the date of acquisition, which was November 2, 2021 for Corebridge, or as of the date of the observable transaction.
Summary of Quantitative Inputs and Assumptions for Items Categorized in Level III of Fair Value Hierarchy	The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of June 30, 2022: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests $ 2,724,955 Discounted Cash Flows Discount Rate 4.1% - 40.0% 8.2% Lower Exit Multiple - EBITDA 4.0x - 31.4x 14.9x Higher Exit Capitalization Rate 2.8% - 17.3% 4.4% Lower Debt Instruments 66,857 Discounted Cash Flows Discount Rate 6.5% - 19.3% 12.0% Lower Third Party Pricing n/a Transaction Price n/a Total Investments of Consolidated Blackstone Funds 2,791,812 Corporate Treasury Investments 6,022 Discounted Cash Flows Discount Rate 14.5% n/a Lower Third Party Pricing n/a Loans and Receivables 534,105 Discounted Cash Flows Discount Rate 6.8% - 11.3% 9.1% Lower Other Investments 53,649 Third Party Pricing n/a Transaction Price n/a $ 3,385,588 The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of December 31, 2021: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests $ 1,170,362 Discounted Cash Flows Discount Rate 1.3% - 43.3% 10.4% Lower Exit Multiple - EBITDA 3.7x - 31.4x 14.7x Higher Exit Capitalization Rate 1.3% - 17.3% 4.9% Lower Debt Instruments 29,953 Discounted Cash Flows Discount Rate 6.5% - 19.3% 9.0% Lower Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 1,200,315 Corporate Treasury Investments 477 Discounted Cash Flows Discount Rate 9.4% n/a Lower Third Party Pricing n/a Loans and Receivables 392,732 Discounted Cash Flows Discount Rate 6.5% - 12.2% 7.6% Lower Other Investments 2,518,032 Third Party Pricing n/a Transaction Price n/a $ 4,111,556 n/a Not applicable. EBITDA Earnings before interest, taxes, depreciation and amortization. Exit Multiple Ranges include the last twelve months EBITDA and forward EBITDA multiples. Third Party Pricing Third Party Pricing is generally determined on the basis of unadjusted prices between market participants provided by reputable dealers or pricing services. Transaction Price Includes recent acquisitions or transactions. (a) Unobservable inputs were weighted based on the fair value of the investments included in the range.
Summary of Changes in Financial Assets Measured at Fair Value for Which Level III Inputs Were Used	Level III Financial Assets at Fair Value Three Months Ended June 30, 2022 2021 Investments Investments of Loans Other of Loans Other Consolidated and Investments Consolidated and Investments Funds Receivables (a) Total Funds Receivables (a) Total Balance, Beginning of Period $ 1,208,252 $ 286,199 $ 43,214 $ 1,537,665 $ 885,228 $ 604,611 $ 41,160 $ 1,530,999 Transfer In Due to Consolidation and Acquisition 1,535,171 — — 1,535,171 — — — — Transfer Into Level III (b) 4,692 — 907 5,599 1,266 — — 1,266 Transfer Out of Level III (b) (56,268 ) — — (56,268 ) (12,187 ) — — (12,187 ) Purchases 269,788 441,687 4,752 716,227 99,223 33,434 33,458 166,115 Sales (103,118 ) (186,532 ) (2,748 ) (292,398 ) (79,993 ) (408,488 ) (1,014 ) (489,495 ) Issuances — 14,125 — 14,125 — 12,594 — 12,594 Settlements — (17,165 ) — (17,165 ) — (28,155 ) — (28,155 ) Changes in Gains (Losses) Included in Earnings (66,705 ) (4,209 ) (7,522 ) (78,436 ) 89,447 9,800 (129 ) 99,118 Balance, End of Period $ 2,791,812 $ 534,105 $ 38,603 $ 3,364,520 $ 982,984 $ 223,796 $ 73,475 $ 1,280,255 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (73,347 ) $ (8,097 ) $ (7,517 ) $ (88,961 ) $ 68,862 $ 746 $ (128 ) $ 69,480 Level III Financial Assets at Fair Value Six Months Ended June 30, 2022 2021 Investments Investments of Loans Other of Loans Other Consolidated and Investments Consolidated and Investments Funds Receivables (a) Total Funds Receivables (a) Total Balance, Beginning of Period $ 1,200,315 $ 392,732 $ 43,987 $ 1,637,034 $ 858,310 $ 581,079 $ 46,158 $ 1,485,547 Transfer In Due to Consolidation and Acquisition 1,535,171 — — 1,535,171 — — — — Transfer Into Level III (b) 4,696 — 907 5,603 1,804 — — 1,804 Transfer Out of Level III (b) (110,176 ) — — (110,176 ) (88,841 ) — — (88,841 ) Purchases 327,810 444,784 7,498 780,092 186,080 356,763 33,459 576,302 Sales (167,431 ) (305,025 ) (2,812 ) (475,268 ) (127,985 ) (701,212 ) (6,163 ) (835,360 ) Issuances — 23,899 — 23,899 — 19,340 — 19,340 Settlements — (22,018 ) — (22,018 ) — (45,555 ) — (45,555 ) Changes in Gains (Losses) Included in Earnings 1,427 (267 ) (10,977 ) (9,817 ) 153,616 13,381 21 167,018 Balance, End of Period $ 2,791,812 $ 534,105 $ 38,603 $ 3,364,520 $ 982,984 $ 223,796 $ 73,475 $ 1,280,255 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (20,852 ) $ (7,883 ) $ (10,971 ) $ (39,706 ) $ 125,918 $ (3,110 ) $ (71 ) $ 122,737 (a) Represents corporate treasury investments and Other Investments. (b) Transfers in and out of Level III financial assets and liabilities were due to changes in the observability of inputs used in the valuation of such assets and liabilities.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2022
Maximum Exposure to Loss Relating to Non-Consolidated VIEs	Blackstone’s maximum exposure to loss relating to non-consolidated June 30, December 31, 2022 2021 Investments $ 3,432,284 $ 3,337,757 Due from Affiliates 205,960 179,939 Potential Clawback Obligation 51,888 44,327 Maximum Exposure to Loss $ 3,690,132 $ 3,562,023 Amounts Due to Non-Consolidated $ 95 $ 105

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	6 Months Ended
	Jun. 30, 2022
Schedule of Repurchase Agreements Obligation by Type of Collateral Pledged	The following tables provide information regarding Blackstone’s Repurchase Agreements obligation by type of collateral pledged: June 30, 2022 Remaining Contractual Maturity of the Agreements Overnight Greater and Up to 30 - 90 than Continuous 30 Days Days 90 days Total Repurchase Agreements Loans $ — $ — $ — $ 152,529 $ 152,529 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities” $ 152,529 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities” $ — December 31, 2021 Remaining Contractual Maturity of the Agreements Overnight Greater and Up to 30 - 90 than Continuous 30 Days Days 90 days Total Repurchase Agreements Asset-Backed Securities $ — $ 15,980 $ — $ — $ 15,980 Loans — — 42,000 — 42,000 $ — $ 15,980 $ 42,000 $ — $ 57,980 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities” $ 57,980 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities” $ —

Offsetting of Assets And Liab_2

Offsetting of Assets And Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Offsetting of Assets	The following tables present the offsetting of assets and liabilities as of June 30, 2022 and December 31, 2021: June 30, 2022 Gross and Net Amounts of Gross Amounts Not Offset Assets Presented in the Statement of in the Statement Financial Condition of Financial Financial Cash Collateral Condition Instruments (a) Received Net Amount Assets Freestanding Derivatives $ 181,875 $ 73,799 $ 103,923 $ 4,153 December 31, 2021 Gross and Net Amounts of Gross Amounts Not Offset Assets Presented in the Statement of in the Statement Financial Condition of Financial Financial Cash Collateral Condition Instruments (a) Received Net Amount Assets Freestanding Derivatives $ 146,061 $ 137,265 $ 41 $ 8,755
Offsetting of Liabilities	June 30, 2022 Gross and Net Amounts of Liabilities Gross Amounts Not Offset Presented in the in the Statement of Statement of Financial Condition Financial Financial Cash Collateral Condition Instruments (a) Pledged Net Amount Liabilities Freestanding Derivatives $ 59,602 $ 53,834 $ 2,239 $ 3,529 Repurchase Agreements 152,529 152,529 — — $ 212,131 $ 206,363 $ 2,239 $ 3,529 December 31, 2021 Gross and Net Amounts of Liabilities Gross Amounts Not Offset Presented in the in the Statement of Statement of Financial Condition Financial Financial Cash Collateral Condition Instruments (a) Pledged Net Amount Liabilities Freestanding Derivatives $ 147,666 $ 118,552 $ 1,347 $ 27,767 Repurchase Agreements 57,980 57,980 — — $ 205,646 $ 176,532 $ 1,347 $ 27,767 (a) Amounts presented are inclusive of both legally enforceable master netting agreements, and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net balance sheet exposure.
Other Assets	The following table presents the components of Other Assets: June 30, December 31, 2022 2021 Furniture, Equipment and Leasehold Improvements, Net $ 316,389 $ 244,608 Prepaid Expenses 183,518 92,359 Freestanding Derivatives 152,653 145,401 Other 5,738 10,568 $ 658,298 $ 492,936

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2022
Carrying Value and Fair Value of Blackstone Issued Notes	The following table presents the general characteristics of each of Blackstone’s notes as of June 30, 2022 and December 31, 2021, as well as their carrying value and fair value. The notes are included in Loans Payable within the Condensed Consolidated Statements of Financial Condition. Each of the notes were issued at a discount, accrue interest from the issue date thereof, and pay interest in arrears on a semi-annual basis or annual basis. June 30, 2022 December 31, 2021 Carrying Fair Carrying Fair Senior Notes Value Value (a) Value Value (a) 4.750 %, Due 2/15/2023 $ 399,202 $ 399,760 $ 398,581 $ 415,880 2.000 %, Due 5/19/2025 311,967 310,368 338,275 362,078 1.000 %, Due 10/5/2026 624,380 582,051 675,867 700,892 3.150 %, Due 10/2/2027 297,918 280,830 297,738 317,610 1.625 %, Due 8/5/2028 643,987 547,105 643,251 629,265 1.500 %, Due 4/10/2029 625,225 551,416 678,085 720,062 2.500 %, Due 1/10/2030 492,130 432,050 491,662 507,350 1.600 %, Due 3/30/2031 495,764 390,750 495,541 467,750 2.000 %, Due 1/30/2032 787,491 636,321 786,690 767,920 2.550 %, Due 3/30/2032 494,980 417,600 — — 3.500 %, Due 6/1/2034 512,158 494,373 — — 6.250 %, Due 8/15/2042 239,043 272,725 238,914 361,775 5.000 %, Due 6/15/2044 489,573 487,800 489,446 648,500 4.450 %, Due 7/15/2045 344,480 317,730 344,412 426,195 4.000 %, Due 10/2/2047 290,831 253,170 290,730 347,370 3.500 %, Due 9/10/2049 392,174 311,000 392,089 431,240 2.800 %, Due 9/30/2050 393,888 271,960 393,818 382,880 2.850 %, Due 8/5/2051 543,085 375,760 542,963 531,355 3.200 %, Due 1/30/2052 986,998 722,800 — — $ 9,365,274 $ 8,055,569 $ 7,498,062 $ 8,018,122 (a) Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.
Scheduled Principal Payments for Borrowings	Scheduled principal payments for borrowings as of June 30, 2022 were as follows: Total Borrowings 2022 $ — 2023 400,000 2024 — 2025 314,520 2026 629,040 Thereafter 8,153,240 $ 9,496,800

Earnings Per Share and Stockh_2

Earnings Per Share and Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Basic and Diluted Net Income Per Common Stock	Basic and diluted net income per share of common stock for the three and six months ended June 30, 2022 and 2021 was calculated as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net Income (Loss) for Per Share of Common Stock Calculations Net Income (Loss) Attributable to Blackstone Inc., Basic and Diluted $ (29,393 ) $ 1,309,152 $ 1,187,481 $ 3,057,024 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 707,382,293 721,141,954 738,752,489 715,121,029 Weighted-Average Shares of Unvested Deferred Restricted Common Stock — 123,226 388,373 501,179 Weighted-Average Shares of Common Stock Outstanding, Diluted 707,382,293 721,265,180 739,140,862 715,622,208 Net Income (Loss) Per Share of Common Stock Basic $ (0.04 ) $ 1.82 $ 1.61 $ 4.27 Diluted $ (0.04 ) $ 1.82 $ 1.61 $ 4.27 Dividends Declared Per Share of Common Stock (a) $ 1.32 $ 0.82 $ 2.77 $ 1.78 (a) Dividends declared reflects the calendar date of the declaration for each distribution.
Summary of Anti-Dilutive Securities	The following table summarizes the anti-dilutive securities for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 35,883,883 — — — Weighted-Average Blackstone Holdings Partnership Units 466,817,529 488,569,471 467,303,495 490,857,143
Schedule of Shares Eligible For Dividends and Distribution	As of June 30, 2022, the total shares of common stock and Blackstone Holdings Partnership Units entitled to participate in dividends and distributions were as follows: Shares/Units Common Stock Outstanding 706,476,877 Unvested Participating Common Stock 35,710,961 Total Participating Common Stock 742,187,838 Participating Blackstone Holdings Partnership Units 466,568,377 1,208,756,215

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Summary of Status of Partnership's Unvested Equity-Based Awards	A summary of the status of Blackstone’s unvested equity-based awards as of June 30, 2022 and of changes during the period January 1, 2022 through June 30, 2022 is presented below: Blackstone Holdings Blackstone Inc. Equity Settled Awards Cash Settled Awards Weighted- Weighted- Weighted- Average Deferred Average Average Partnership Grant Date Restricted Shares Grant Date Phantom Grant Date Unvested Shares/Units Units Fair Value of Common Stock Fair Value Shares Fair Value Balance, December 31, 2021 17,344,328 $ 37.37 26,537,813 $ 58.34 73,581 $ 137.65 Granted — — 11,210,550 127.77 28,037 126.03 Vested (1,262,132 ) 34.82 (2,818,889 ) 70.94 (1,980 ) 130.22 Forfeited (116,197 ) 38.24 (656,754 ) 71.25 (46,412 ) 130.22 Balance, June 30, 2022 15,965,999 $ 37.57 34,272,720 $ 79.89 53,226 $ 121.71
Unvested Shares and Units, After Expected Forfeitures	The following unvested shares and units, after expected forfeitures, as of June 30, 2022, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 15,473,779 1.6 Deferred Restricted Shares of Common Stock 29,650,267 3.3 Total Equity-Based Awards 45,124,046 2.7 Phantom Shares 41,966 3.4

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
Due from Affiliates and Due to Affiliates	Due from Affiliates and Due to Affiliates consisted of the following: June 30, December 31, 2022 2021 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated $ 3,053,633 $ 3,519,945 Due from Certain Non-Controlling 795,987 1,099,899 Accrual for Potential Clawback of Previously Distributed Performance Allocations 42,338 37,023 $ 3,891,958 $ 4,656,867 June 30, December 31, 2022 2021 Due to Affiliates Due to Certain Non-Controlling $ 1,561,842 $ 1,558,393 Due to Non-Consolidated 185,689 181,341 Due to Certain Non-Controlling 151,183 77,664 Accrual for Potential Repayment of Previously Received Performance Allocations 102,677 88,700 $ 2,001,391 $ 1,906,098

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Clawback Obligations by Segment	The following table presents the clawback obligations by segment: June 30, 2022 December 31, 2021 Current and Current and Blackstone Former Blackstone Former Segment Holdings Personnel (a) Total (b) Holdings Personnel (a) Total (b) Real Estate $ 36,220 $ 21,200 $ 57,420 $ 34,080 $ 20,186 $ 54,266 Private Equity 11,591 6,421 18,012 5,158 2,196 7,354 Credit & Insurance 12,559 14,686 27,245 12,439 14,641 27,080 $ 60,370 $ 42,307 $ 102,677 $ 51,677 $ 37,023 $ 88,700 (a) The split of clawback between Blackstone Holdings and Current and Former Personnel is based on the performance of individual investments held by a fund rather than on a fund by fund basis. (b) Total is a component of Due to Affiliates. See Note 16. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.”

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2022
Financial Data of Segments	The following tables present the financial data for Blackstone’s segments for the three months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 611,751 $ 433,459 $ 145,077 $ 306,589 $ 1,496,876 Transaction, Advisory and Other Fees, Net 46,974 27,551 3,450 7,117 85,092 Management Fee Offsets (689 ) (23,157 ) (40 ) (1,165 ) (25,051 ) Total Management and Advisory Fees, Net 658,036 437,853 148,487 312,541 1,556,917 Fee Related Performance Revenues 265,507 — — 81,086 346,593 Fee Related Compensation (273,893 ) (152,622 ) (57,863 ) (137,035 ) (621,413 ) Other Operating Expenses (88,329 ) (83,233 ) (26,066 ) (63,882 ) (261,510 ) Fee Related Earnings 561,321 201,998 64,558 192,710 1,020,587 Realized Performance Revenues 1,997,720 122,884 7,197 78,973 2,206,774 Realized Performance Compensation (831,402 ) (57,380 ) (2,083 ) (36,109 ) (926,974 ) Realized Principal Investment Income (Loss) 29,116 8,904 (1,530 ) 7,019 43,509 Total Net Realizations 1,195,434 74,408 3,584 49,883 1,323,309 Total Segment Distributable Earnings $ 1,756,755 $ 276,406 $ 68,142 $ 242,593 $ 2,343,896 Three Months Ended June 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 453,664 $ 364,606 $ 155,244 $ 166,537 $ 1,140,051 Transaction, Advisory and Other Fees, Net 38,080 32,272 1,558 6,215 78,125 Management Fee Offsets (493 ) (3,601 ) (203 ) (1,137 ) (5,434 ) Total Management and Advisory Fees, Net 491,251 393,277 156,599 171,615 1,212,742 Fee Related Performance Revenues 33,776 — — 15,113 48,889 Fee Related Compensation (121,957 ) (136,767 ) (38,638 ) (78,023 ) (375,385 ) Other Operating Expenses (54,760 ) (61,041 ) (21,873 ) (44,504 ) (182,178 ) Fee Related Earnings 348,310 195,469 96,088 64,201 704,068 Realized Performance Revenues 351,053 383,010 17,056 41,819 792,938 Realized Performance Compensation (154,928 ) (159,375 ) (5,626 ) (18,342 ) (338,271 ) Realized Principal Investment Income 28,129 27,796 2,125 5,082 63,132 Total Net Realizations 224,254 251,431 13,555 28,559 517,799 Total Segment Distributable Earnings $ 572,564 $ 446,900 $ 109,643 $ 92,760 $ 1,221,867 The following tables present the financial data for Blackstone’s four segments as of June 30, 2022 and for the six months ended June 30, 2022 and 2021: June 30, 2022 and the Six Months Then Ended Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 1,191,937 $ 854,931 $ 290,123 $ 599,034 $ 2,936,025 Transaction, Advisory and Other Fees, Net 87,459 40,209 4,919 16,514 149,101 Management Fee Offsets (1,649 ) (50,299 ) (109 ) (2,784 ) (54,841 ) Total Management and Advisory Fees, Net 1,277,747 844,841 294,933 612,764 3,030,285 Fee Related Performance Revenues 757,024 (648 ) — 148,282 904,658 Fee Related Compensation (618,735 ) (303,672 ) (105,098 ) (264,379 ) (1,291,884 ) Other Operating Expenses (154,332 ) (150,977 ) (49,250 ) (121,049 ) (475,608 ) Fee Related Earnings 1,261,704 389,544 140,585 375,618 2,167,451 Realized Performance Revenues 2,800,636 573,122 36,110 109,716 3,519,584 Realized Performance Compensation (1,121,433 ) (264,083 ) (11,083 ) (49,495 ) (1,446,094 ) Realized Principal Investment Income 83,091 74,342 13,371 29,800 200,604 Total Net Realizations 1,762,294 383,381 38,398 90,021 2,274,094 Total Segment Distributable Earnings $ 3,023,998 $ 772,925 $ 178,983 $ 465,639 $ 4,441,545 Segment Assets $ 14,267,173 $ 14,636,045 $ 2,777,317 $ 6,979,467 $ 38,660,002 Six Months Ended June 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 880,850 $ 742,266 $ 305,777 $ 328,448 $ 2,257,341 Transaction, Advisory and Other Fees, Net 64,099 74,979 5,904 11,783 156,765 Management Fee Offsets (2,116 ) (17,520 ) (261 ) (3,262 ) (23,159 ) Total Management and Advisory Fees, Net 942,833 799,725 311,420 336,969 2,390,947 Fee Related Performance Revenues 189,168 — — 28,889 218,057 Fee Related Compensation (310,449 ) (277,364 ) (77,488 ) (155,194 ) (820,495 ) Other Operating Expenses (99,122 ) (112,096 ) (41,045 ) (91,339 ) (343,602 ) Fee Related Earnings 722,430 410,265 192,887 119,325 1,444,907 Realized Performance Revenues 439,691 638,855 48,629 67,086 1,194,261 Realized Performance Compensation (177,690 ) (270,584 ) (12,534 ) (28,387 ) (489,195 ) Realized Principal Investment Income 128,949 143,199 37,675 51,465 361,288 Total Net Realizations 390,950 511,470 73,770 90,164 1,066,354 Total Segment Distributable Earnings $ 1,113,380 $ 921,735 $ 266,657 $ 209,489 $ 2,511,261
Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes	The following tables reconcile the Total Segment Revenues, Expenses and Distributable Earnings to their equivalent GAAP measure for the three and six months ended June 30, 2022 and 2021 along with Total Assets as of June 30, 2022: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Revenues Total GAAP Revenues $ 629,220 $ 5,291,354 $ 5,755,500 $ 10,590,226 Less: Unrealized Performance Revenues (a) 3,467,668 (2,697,170 ) 2,174,618 (5,161,667 ) Less: Unrealized Principal Investment (Income) Loss (b) 203,288 (104,658 ) 176,530 (528,592 ) Less: Interest and Dividend Revenue (c) (66,143 ) (32,931 ) (120,628 ) (64,343 ) Less: Other Revenue (d) (155,704 ) (27,870 ) (228,523 ) (88,143 ) Impact of Consolidation (e) 75,099 (312,076 ) (102,497 ) (581,392 ) Transaction-Related Charges (f) (237 ) 12 (1,450 ) (3,611 ) Intersegment Eliminations 602 1,040 1,581 2,075 Total Segment Revenue (g) $ 4,153,793 $ 2,117,701 $ 7,655,131 $ 4,164,553 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Expenses Total GAAP Expenses $ 744,113 $ 2,272,330 $ 2,941,135 $ 4,323,777 Less: Unrealized Performance Allocations Compensation (h) 1,386,543 (1,150,219 ) 914,259 (2,200,188 ) Less: Equity-Based Compensation (i) (195,644 ) (121,422 ) (397,189 ) (265,694 ) Less: Interest Expense (j) (69,425 ) (44,132 ) (136,027 ) (88,472 ) Impact of Consolidation (e) (11,394 ) (6,647 ) (19,200 ) (11,747 ) Amortization of Intangibles (k) (17,044 ) (17,044 ) (34,088 ) (34,168 ) Transaction-Related Charges (f) (25,378 ) (35,521 ) (51,924 ) (67,032 ) Administrative Fee Adjustment (l) (2,476 ) (2,551 ) (4,961 ) (5,259 ) Intersegment Eliminations 602 1,040 1,581 2,075 Total Segment Expenses (m) $ 1,809,897 $ 895,834 $ 3,213,586 $ 1,653,292 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Other Income Total GAAP Other Income $ (104,339 ) $ 126,724 $ (52,702 ) $ 249,987 Impact of Consolidation (e) 104,339 (126,724 ) 52,702 (249,987 ) Total Segment Other Income $ — $ — $ — $ — Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Income (Loss) Before Provision for Taxes Total GAAP Income (Loss) Before Provision for Taxes $ (219,232 ) $ 3,145,748 $ 2,761,663 $ 6,516,436 Less: Unrealized Performance Revenues (a) 3,467,668 (2,697,170 ) 2,174,618 (5,161,667 ) Less: Unrealized Principal Investment (Income) Loss (b) 203,288 (104,658 ) 176,530 (528,592 ) Less: Interest and Dividend Revenue (c) (66,143 ) (32,931 ) (120,628 ) (64,343 ) Less: Other Revenue (d) (155,704 ) (27,870 ) (228,523 ) (88,143 ) Plus: Unrealized Performance Allocations Compensation (h) (1,386,543 ) 1,150,219 (914,259 ) 2,200,188 Plus: Equity-Based Compensation (i) 195,644 121,422 397,189 265,694 Plus: Interest Expense (j) 69,425 44,132 136,027 88,472 Impact of Consolidation (e) 190,832 (432,153 ) (30,595 ) (819,632 ) Amortization of Intangibles (k) 17,044 17,044 34,088 34,168 Transaction-Related Charges (f) 25,141 35,533 50,474 63,421 Administrative Fee Adjustment (l) 2,476 2,551 4,961 5,259 Total Segment Distributable Earnings $ 2,343,896 $ 1,221,867 $ 4,441,545 $ 2,511,261 As of June 30, 2022 Total Assets Total GAAP Assets $ 41,631,308 Impact of Consolidation (e) (2,971,306 ) Total Segment Assets $ 38,660,002 Segment basis presents revenues and expenses on a basis that deconsolidates the investment funds Blackstone manages and excludes the amortization of intangibles and Transaction-Related Charges. (a) This adjustment removes Unrealized Performance Revenues on a segment basis. (b) This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis. (c) This adjustment removes Interest and Dividend Revenue on a segment basis. (d) This adjustment removes Other Revenue on a segment basis. For the three months ended June 30, 2022 and 2021, Other Revenue on a GAAP basis was $155.6 million and $27.9 million, and included $155.5 million and $27.3 million of foreign exchange gains, respectively. For the six months ended June 30, 2022 and 2021, Other Revenue on a GAAP basis was $228.5 million and $88.2 million, and included $228.2 million and $86.9 million of foreign exchange gains, respectively. (e) This adjustment reverses the effect of consolidating Blackstone Funds, which are excluded from Blackstone’s segment presentation. This adjustment includes the elimination of Blackstone’s interest in these funds, the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling (f) This adjustment removes Transaction-Related Charges, which are excluded from Blackstone’s segment presentation. Transaction-Related Charges arise from corporate actions including acquisitions, divestitures, and Blackstone’s initial public offering. They consist primarily of equity-based compensation charges, gains and losses on contingent consideration arrangements, changes in the balance of the Tax Receivable Agreement resulting from a change in tax law or similar event, transaction costs and any gains or losses associated with these corporate actions. (g) Total Segment Revenues is comprised of the following: Three Months Ended Six Months Ended June 30, 2022 2021 2022 2021 Total Segment Management and Advisory Fees, Net $ 1,556,917 $ 1,212,742 $ 3,030,285 $ 2,390,947 Total Segment Fee Related Performance Revenues 346,593 48,889 904,658 218,057 Total Segment Realized Performance Revenues 2,206,774 792,938 3,519,584 1,194,261 Total Segment Realized Principal Investment Income 43,509 63,132 200,604 361,288 Total Segment Revenues $ 4,153,793 $ 2,117,701 $ 7,655,131 $ 4,164,553 (h) This adjustment removes Unrealized Performance Allocations Compensation. (i) This adjustment removes Equity-Based Compensation on a segment basis. (j) This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the Tax Receivable Agreement. (k) This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation. (l) This adjustment adds an amount equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units. The administrative fee is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (m) Total Segment Expenses is comprised of the following: Three Months Ended Six Months Ended June 30, 2022 2021 2022 2021 Total Segment Fee Related Compensation $ 621,413 $ 375,385 $ 1,291,884 $ 820,495 Total Segment Realized Performance Compensation 926,974 338,271 1,446,094 489,195 Total Segment Other Operating Expenses 261,510 182,178 475,608 343,602 Total Segment Expenses $ 1,809,897 $ 895,834 $ 3,213,586 $ 1,653,292
Reconciliation of Total Segments to Reported on the Consolidated Statement of Operations	The following tables reconcile the components of Total Segments to their equivalent GAAP measures, reported on the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Management and Advisory Fees, Net GAAP $ 1,561,187 $ 1,212,549 $ 3,037,123 $ 2,390,364 Segment Adjustment (a) (4,270 ) 193 (6,838 ) 583 Total Segment $ 1,556,917 $ 1,212,742 $ 3,030,285 $ 2,390,947 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees $ 99,598 $ 33,207 $ 204,087 $ 69,331 Investment Income - Realized Performance Allocations 2,453,769 808,620 4,220,155 1,342,987 GAAP 2,553,367 841,827 4,424,242 1,412,318 Total Segment Less: Realized Performance Revenues (2,206,774 ) (792,938 ) (3,519,584 ) (1,194,261 ) Total Segment $ 346,593 $ 48,889 $ 904,658 $ 218,057 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation $ 686,012 $ 507,104 $ 1,342,517 $ 1,049,742 Incentive Fee Compensation 45,363 14,431 86,382 27,756 Realized Performance Allocations Compensation 1,035,916 347,423 1,753,517 560,450 GAAP 1,767,291 868,958 3,182,416 1,637,948 Total Segment Less: Realized Performance Compensation (926,974 ) (338,271 ) (1,446,094 ) (489,195 ) Less: Equity-Based Compensation - Fee Related Compensation (191,769 ) (119,491 ) (392,156 ) (261,165 ) Less: Equity-Based Compensation - Performance Compensation (3,875 ) (1,931 ) (5,033 ) (4,529 ) Segment Adjustment (b) (23,260 ) (33,880 ) (47,249 ) (62,564 ) Total Segment $ 621,413 $ 375,385 $ 1,291,884 $ 820,495 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 GAAP General, Administrative Total GAAP $ 289,288 $ 205,057 $ 529,962 $ 390,179 Segment Adjustment (c) (27,778 ) (22,879 ) (54,354 ) (46,577 ) Total Segment $ 261,510 $ 182,178 $ 475,608 $ 343,602 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Performance Revenues GAAP Incentive Fees $ 99,598 $ 33,207 $ 204,087 $ 69,331 Investment Income - Realized Performance 2,453,769 808,620 4,220,155 1,342,987 GAAP 2,553,367 841,827 4,424,242 1,412,318 Total Segment Less: Fee Related Performance Revenues (346,593 ) (48,889 ) (904,658 ) (218,057 ) Total Segment $ 2,206,774 $ 792,938 $ 3,519,584 $ 1,194,261 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Performance Compensation GAAP Incentive Fee Compensation $ 45,363 $ 14,431 $ 86,382 $ 27,756 Realized Performance Allocation Compensation 1,035,916 347,423 1,753,517 560,450 GAAP 1,081,279 361,854 1,839,899 588,206 Total Segment Less: Fee Related Performance Compensation (d) (150,430 ) (21,652 ) (388,772 ) (94,482 ) Less: Equity-Based Compensation - Performance Compensation (3,875 ) (1,931 ) (5,033 ) (4,529 ) Total Segment $ 926,974 $ 338,271 $ 1,446,094 $ 489,195 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Realized Principal Investment Income GAAP $ 265,161 $ 152,060 $ 550,265 $ 507,098 Segment Adjustment (e) (221,652 ) (88,928 ) (349,661 ) (145,810 ) Total Segment $ 43,509 $ 63,132 $ 200,604 $ 361,288 Segment basis presents revenues and expenses on a basis that deconsolidates the investment funds Blackstone manages and excludes the amortization of intangibles, the expense of equity-based awards and Transaction-Related Charges. (a) Represents (1) the add back of net management fees earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures. (b) Represents the removal of Transaction-Related Charges that are not recorded in the Total Segment measures. (c) Represents the (1) removal of amortization of transaction-related intangibles, (2) removal of certain expenses reimbursed by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and (3) a reduction equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units which is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (d) Fee related performance compensation may include equity-based compensation based on fee related performance revenues. (e) Represents (1) the add back of Principal Investment Income, including general partner income, earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling

Organization - Additional Infor

Organization - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 Segment	Jun. 30, 2021 Segment	Jun. 30, 2022 Segment Person
Organization [Line Items]
Number of business segments | Segment	4	4	4
Number of Blackstone founders managing the Partnership | Person			1

Intangible Assets, Net (Detail)

Intangible Assets, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets/Contractual Rights	$ 1,745,376	$ 1,745,376
Accumulated Amortization	(1,498,388)	(1,460,992)
Intangible Assets, Net	$ 246,988	$ 284,384

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets [Line Items]
Amortization Expense	$ 18,700	$ 18,700	$ 37,396	$ 37,476
Expected amortization of intangibles, 2022	67,100		67,100
Expected amortization of intangibles, 2023	38,100		38,100
Expected amortization of intangibles, 2024	30,500		30,500
Expected amortization of intangibles, 2025	30,500		30,500
Expected amortization of intangibles, 2026	$ 30,400		$ 30,400
Intangible assets expected to amortize over a weighted-average period			7 years 2 months 12 days

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Investments	$ 27,323,758	$ 28,665,043
Partnership Investments
Schedule of Investments [Line Items]
Investments	5,446,688	5,635,212
Accrued Performance Allocations
Schedule of Investments [Line Items]
Investments	13,544,855	17,096,873
Other Investments
Schedule of Investments [Line Items]
Investments	3,756,693	3,256,063
Consolidated Blackstone Funds
Schedule of Investments [Line Items]
Investments	3,764,850	2,018,829
Corporate Treasury Investments
Schedule of Investments [Line Items]
Investments	$ 810,672	$ 658,066

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Investments	$ 27,323,758		$ 27,323,758		$ 28,665,043
Recognized net gains (losses) related to equity method investments	(138,700)	$ 423,300	197,600	$ 1,100,000
Equity investments, carrying value	2,500,000		2,500,000
Consolidated Blackstone Funds | Blackstone
Schedule of Investments [Line Items]
Investments	$ 377,000		$ 377,000		$ 375,800

Reconciliation of Realized and

Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income (Loss) - Net Gains (Losses) from Fund Investment Activities in Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Gain (Loss) on Securities [Line Items]
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	$ (1,249,228)	$ 3,986,685	$ 2,169,273	$ 7,979,902
Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds	62,075	31,017	116,560	62,429
Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities	(104,326)	127,116	(53,450)	247,469
Consolidated Blackstone Funds
Gain (Loss) on Securities [Line Items]
Realized Gains	94,181	33,001	111,869	61,995
Net Change in Unrealized Gains (Losses)	(213,436)	88,489	(185,595)	172,956
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	(119,255)	121,490	(73,726)	234,951
Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds	14,929	5,626	20,276	12,518
Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities	$ (104,326)	$ 127,116	$ (53,450)	$ 247,469

Performance Fees Allocated to F

Performance Fees Allocated to Funds (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	$ 28,665,043
Ending Balance	27,323,758
Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	17,096,873
Performance Allocations as a Result of Changes in Fund Fair Values	2,148,618
Foreign Exchange Loss	(97,153)
Impact Of Consolidation	(10,393)
Fund Distributions	(5,593,090)
Ending Balance	13,544,855
Real Estate Segment | Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	8,471,754
Performance Allocations as a Result of Changes in Fund Fair Values	2,440,870
Foreign Exchange Loss	(97,153)
Impact Of Consolidation	(10,393)
Fund Distributions	(4,591,348)
Ending Balance	6,213,730
Private Equity Segment | Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	7,550,468
Performance Allocations as a Result of Changes in Fund Fair Values	(353,970)
Fund Distributions	(815,886)
Ending Balance	6,380,612
Hedge Fund Solutions Segment | Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	456,405
Performance Allocations as a Result of Changes in Fund Fair Values	56,264
Fund Distributions	(58,754)
Ending Balance	453,915
Credit & Insurance Segment | Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	618,246
Performance Allocations as a Result of Changes in Fund Fair Values	5,454
Fund Distributions	(127,102)
Ending Balance	$ 496,598

Realized and Net Change in Unre

Realized and Net Change in Unrealized Gains (Losses) on Investments Held by Blackstone's Treasury Cash Management Strategies (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Gain (Loss) on Securities [Line Items]
Total realized and net change in unrealized gains (losses)	$ (1,249,228)	$ 3,986,685	$ 2,169,273	$ 7,979,902
Corporate Treasury Investments
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	(18,655)	(1,049)	(20,617)	5,885
Net Change in Unrealized Gains (Losses)	(19,980)	29,523	(47,583)	39,452
Total realized and net change in unrealized gains (losses)	$ (38,635)	$ 28,474	$ (68,200)	$ 45,337

Realized and Net Change in Un_2

Realized and Net Change in Unrealized Gains (Losses) in Other Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Gain (Loss) on Securities [Line Items]
Total Investment Income (Loss)	$ (1,249,228)	$ 3,986,685	$ 2,169,273	$ 7,979,902
Other Investments
Gain (Loss) on Securities [Line Items]
Realized Gains	15,992	29,309	117,341	29,422
Net Change in Unrealized Gains (Losses)	(70,785)	1,065	(151,270)	285,567
Total Investment Income (Loss)	$ (54,793)	$ 30,374	$ (33,929)	$ 314,989

Summary of Fair Value by Strate

Summary of Fair Value by Strategy Type Alongside Consolidated Funds of Hedge Funds' Remaining Unfunded Commitments and Ability to Redeem Such Investments (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 578,801
Equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	433,281
Real Estate
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	118,606
Credit Driven
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	25,778
Commodities
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	1,119
Diversified Instruments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 17

Summary of Fair Value by Stra_2

Summary of Fair Value by Strategy Type Alongside Consolidated Funds of Hedge Funds' Remaining Unfunded Commitments and Ability to Redeem Such Investments (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Diversified Instruments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of investments unable to be redeemed at, or within 3 months of reporting date	100%
Credit Driven
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of investments unable to be redeemed at, or within 3 months of reporting date	83%
Percentage of investments redeemable as of reporting date	17%
Equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of investments unable to be redeemed at, or within 3 months of reporting date		100%
Investee funds categorized as non redeemable, percentage	1%
Commodities
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of investments unable to be redeemed at, or within 3 months of reporting date	100%
Real Estate
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of investments redeemable as of reporting date	100%

Summary of Aggregate Notional A

Summary of Aggregate Notional Amount and Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	$ 2,315,934	$ 852,465
Derivative Liabilities, Notional	1,639,603	1,366,166
Derivative Assets, Fair Value	182,220	146,061
Derivative Liabilities, Fair Value	59,602	147,808
Freestanding Derivatives
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	732,017	24,165
Derivative Liabilities, Notional	7,320	91,165
Derivative Assets, Fair Value	29,567	660
Derivative Liabilities, Fair Value	1,175	1,933
Freestanding Derivatives | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	1,583,917	828,300
Derivative Liabilities, Notional	1,632,283	1,275,001
Derivative Assets, Fair Value	152,653	145,401
Derivative Liabilities, Fair Value	58,427	145,875
Freestanding Derivatives | Blackstone | Credit Default Swap
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	2,007	2,007
Derivative Liabilities, Notional	9,463	9,916
Derivative Assets, Fair Value	349	194
Derivative Liabilities, Fair Value	1,433	1,055
Freestanding Derivatives | Consolidated Blackstone Funds | Credit Default Swap
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	3,401	3,401
Derivative Liabilities, Notional	6,814	22,865
Derivative Assets, Fair Value	585	321
Derivative Liabilities, Fair Value	1,173	799
Freestanding Derivatives | Foreign Currency Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	891,070	217,161
Derivative Liabilities, Notional	1,008,220	572,643
Derivative Assets, Fair Value	12,874	1,858
Derivative Liabilities, Fair Value	14,653	6,143
Freestanding Derivatives | Foreign Currency Contracts | Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	132,289	20,764
Derivative Liabilities, Notional	506	54,300
Derivative Assets, Fair Value	2,405	339
Derivative Liabilities, Fair Value	2	370
Freestanding Derivatives | Interest Rate Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	690,840	609,132
Derivative Liabilities, Notional	614,600	692,442
Derivative Assets, Fair Value	139,430	143,349
Derivative Liabilities, Fair Value	42,341	138,677
Freestanding Derivatives | Interest Rate Contracts | Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	596,327
Derivative Liabilities, Notional		14,000
Derivative Assets, Fair Value	$ 26,577
Derivative Liabilities, Fair Value		$ 764

Summary of Impact of Derivative

Summary of Impact of Derivative Financial Instruments to Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative [Line Items]
Unrealized Gain on Derivatives and Commodity Contracts	$ 71,699	$ 38,701	$ 105,282	$ 48,037
Freestanding Derivatives
Derivative [Line Items]
Realized Gains (Losses)	(7,355)	2,466	631	3,276
Net Change in Unrealized Gain (Loss)	79,054	36,235	104,651	44,761
Freestanding Derivatives | Total Return Swaps
Derivative [Line Items]
Realized Gains (Losses)		(65)		(1,415)
Net Change in Unrealized Gain (Loss)				2,130
Freestanding Derivatives | Credit Default Swap
Derivative [Line Items]
Realized Gains (Losses)	33	(8)	128	(990)
Net Change in Unrealized Gain (Loss)	(433)		(420)	842
Freestanding Derivatives | Interest Rate Contracts
Derivative [Line Items]
Realized Gains (Losses)	1,379	(348)	5,278	1,298
Net Change in Unrealized Gain (Loss)	72,721	39,484	107,677	45,185
Freestanding Derivatives | Foreign Currency Contracts
Derivative [Line Items]
Realized Gains (Losses)	(8,767)	2,887	(4,775)	4,423
Net Change in Unrealized Gain (Loss)	$ 6,766	$ (3,249)	$ (2,606)	(3,376)
Freestanding Derivatives | Other
Derivative [Line Items]
Realized Gains (Losses)				(40)
Net Change in Unrealized Gain (Loss)				$ (20)

Summary of Financial Instrument

Summary of Financial Instruments for Which Fair Value Option Has Been Elected (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans and Receivables	$ 534,105	$ 392,732
Assets	1,925,727	1,093,148
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	155,105	183,877
Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	1,236,517	516,539
Liabilities of Consolidated CLO Vehicles
Fair Value, Option, Quantitative Disclosures [Line Items]
Corporate Treasury Commitments	$ 8,697	$ 636

Realized and Net Change in Un_3

Realized and Net Change in Unrealized Gains (Losses) on Financial Instruments on Financial Instruments on Which Fair Value Option was Elected (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Realized Gains (Losses) | Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	$ (3,415)	$ 1,303	$ (4,367)	$ 9,970
Realized Gains (Losses) | Assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	7,644	16,682	4,517	20,518
Realized Gains (Losses) | Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(1,964)	(3,065)	(3,417)	(7,896)
Realized Gains (Losses) | Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	13,023	18,444	12,301	18,444
Net Change In Unrealized Gains (Losses) | Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(19,227)	1,923	(28,209)	(4,235)
Net Change In Unrealized Gains (Losses) | Assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(45,806)	18,465	(46,506)	41,249
Net Change In Unrealized Gains (Losses) | Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(6,805)	7,012	(5,359)	5,083
Net Change In Unrealized Gains (Losses) | Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(19,774)	9,530	(12,938)	40,401
Net Change In Unrealized Gains (Losses) | Corporate Treasury Commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	$ (6,868)	$ 7	$ (8,061)	$ (193)

Information for Financial Instr

Information for Financial Instruments on Which Fair Value Option was Elected (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
(Deficiency) of fair value over uncollected principal	$ (67,844)	$ (32,223)
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
(Deficiency) of fair value over uncollected principal	(58,938)	(29,475)
Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
(Deficiency) of fair value over uncollected principal	$ (8,906)	$ (2,748)

Fair Value Option - Additional

Fair Value Option - Additional Information (Detail) - Loans and Receivables - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of financial instruments more than one day past due	$ 0	$ 0
Fair value of financial instruments with non-accrual status	$ 0	$ 0

Financial Assets and Liabilitie

Financial Assets and Liabilities at Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable - Loans and Receivables	$ 534,105	$ 392,732
Assets	1,925,727	1,093,148
Securities Sold, Not Yet Purchased	27,029	27,849
Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	181,875	146,061
Derivatives liabilities	59,602	147,666
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	3,385,588	4,111,556
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	1,425,552	173,408
Total Investments	5,875,443	5,889,416
Accounts Receivable - Loans and Receivables	534,105	392,732
Assets	7,987,753	6,600,957
Securities Sold, Not Yet Purchased	27,029	27,849
Total Accounts Payable, Accrued Expenses and Other Liabilities	68,299	148,444
Liabilities	95,328	176,293
Fair Value, Measurements, Recurring | Corporate Treasury Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Treasury Commitments	8,697	636
Fair Value, Measurements, Recurring | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities	58,427	145,875
Total Accounts Payable, Accrued Expenses and Other Liabilities	1,175	1,933
Fair Value, Measurements, Recurring | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	1,299,921	3,212,521
Fair Value, Measurements, Recurring | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	578,801	387,112
Assets	578,801	387,112
Fair Value, Measurements, Recurring | Net Asset Value | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	5,517	4,845
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	3,764,850	2,018,829
Derivatives assets	152,653	145,401
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	29,567	660
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	3,464,086	1,745,181
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds | Debt Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	271,197	272,988
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	573,284	382,267
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds | Net Asset Value | Equity Securities, Partnerships and LLC Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	573,284	382,267
Fair Value, Measurements, Recurring | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	810,672	658,066
Fair Value, Measurements, Recurring | Corporate Treasury Investments | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		0
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	1,425,552	173,408
Total Investments	653,335	636,895
Assets	2,079,493	810,416
Securities Sold, Not Yet Purchased	3,966	4,292
Total Accounts Payable, Accrued Expenses and Other Liabilities	81	323
Liabilities	4,047	4,615
Fair Value, Measurements, Recurring | Level 1 | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities	81	323
Fair Value, Measurements, Recurring | Level 1 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	313,295	478,892
Fair Value, Measurements, Recurring | Level 1 | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	43,432	71,126
Derivatives assets	606	113
Fair Value, Measurements, Recurring | Level 1 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	42,980	70,484
Fair Value, Measurements, Recurring | Level 1 | Consolidated Blackstone Funds | Debt Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	452	642
Fair Value, Measurements, Recurring | Level 1 | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	296,608	86,877
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		0
Total Investments	1,791,824	1,146,585
Assets	1,943,871	1,291,873
Securities Sold, Not Yet Purchased	23,063	23,557
Total Accounts Payable, Accrued Expenses and Other Liabilities	59,521	147,485
Liabilities	82,584	171,042
Fair Value, Measurements, Recurring | Level 2 | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities	58,346	145,552
Total Accounts Payable, Accrued Expenses and Other Liabilities	1,175	1,933
Fair Value, Measurements, Recurring | Level 2 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	927,460	210,752
Fair Value, Measurements, Recurring | Level 2 | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	356,322	365,121
Derivatives assets	152,047	145,288
Fair Value, Measurements, Recurring | Level 2 | Consolidated Blackstone Funds | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	29,567	660
Fair Value, Measurements, Recurring | Level 2 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	122,867	122,068
Fair Value, Measurements, Recurring | Level 2 | Consolidated Blackstone Funds | Debt Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	203,888	242,393
Fair Value, Measurements, Recurring | Level 2 | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	508,042	570,712
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	2,851,483	3,718,824
Accounts Receivable - Loans and Receivables	534,105	392,732
Assets	3,385,588	4,111,556
Total Accounts Payable, Accrued Expenses and Other Liabilities	8,697	636
Liabilities	8,697	636
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Treasury Commitments	8,697	636
Fair Value, Measurements, Recurring | Level 3 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	53,649	2,518,032
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	2,791,812	1,200,315
Assets	2,791,812	1,200,315
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	2,724,955	1,170,362
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Debt Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	66,857	29,953
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	$ 6,022	$ 477

Financial Assets and Liabilit_2

Financial Assets and Liabilities at Fair Value (Parenthetical) (Detail) $ in Billions	Nov. 02, 2021 USD ($)
Fair Value Disclosures [Abstract]
Other Investments	$ 2.2

Summary of Quantitative Inputs

Summary of Quantitative Inputs and Assumptions for Items Categorized in Level III of Fair Value Hierarchy (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2022	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 1,925,727	$ 1,093,148
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,385,588	4,111,556
Fair Value, Measurements, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		7,987,753	6,600,957
Fair Value, Measurements, Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,385,588	4,111,556
Fair Value, Measurements, Recurring | Level 3 | Loans and Receivables | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 534,105	$ 392,732
Fair Value, Measurements, Recurring | Level 3 | Minimum | Loans and Receivables | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		6.80%	6.50%
Fair Value, Measurements, Recurring | Level 3 | Maximum | Loans and Receivables | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		11.30%	12.20%
Fair Value, Measurements, Recurring | Level 3 | Weighted Average | Loans and Receivables | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	9.10%	7.60%
Fair Value, Measurements, Recurring | Level 3 | Other Investments | Transaction Price Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 53,649	$ 2,518,032
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		2,791,812	1,200,315
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 2,724,955	$ 1,170,362
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Minimum | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		4.10%	1.30%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Minimum | Discounted Cash Flows | Measurement Input, Cap Rate [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate		2.80%	1.30%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Minimum | Discounted Cash Flows | EBITDA Multiple Market
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Multiple - EBITDA		4	3.7
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Maximum | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		40%	43.30%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Maximum | Discounted Cash Flows | Measurement Input, Cap Rate [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate		17.30%	17.30%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Maximum | Discounted Cash Flows | EBITDA Multiple Market
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Multiple - EBITDA		31.4	31.4
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Weighted Average | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	8.20%	10.40%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Weighted Average | Discounted Cash Flows | Measurement Input, Cap Rate [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate	[1]	4.40%	4.90%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Weighted Average | Discounted Cash Flows | EBITDA Multiple Market
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Multiple - EBITDA	[1]	14.9	14.7
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 66,857	$ 29,953
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Debt Instruments | Minimum | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		6.50%	6.50%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Debt Instruments | Maximum | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		19.30%	19.30%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Debt Instruments | Weighted Average | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	12%	9%
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 6,022	$ 477
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		14.50%	9.40%
[1]Unobservable inputs were weighted based on the fair value of the investments included in the range.

Summary of Changes in Financial

Summary of Changes in Financial Assets Measured at Fair Value for Which Level III Inputs Were Used (Detail) - Level 3 - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	$ 1,537,665	$ 1,530,999	$ 1,637,034	$ 1,485,547
Transfer In Due to Consolidation and Acquisition	1,535,171		1,535,171
Transfer Into Level III	5,599	1,266	5,603	1,804
Transfer Out of Level III	(56,268)	(12,187)	(110,176)	(88,841)
Purchases	716,227	166,115	780,092	576,302
Sales	(292,398)	(489,495)	(475,268)	(835,360)
Issuances	14,125	12,594	23,899	19,340
Settlements	(17,165)	(28,155)	(22,018)	(45,555)
Changes in Gains (Losses) Included in Earnings	(78,436)	99,118	(9,817)	167,018
Balance, End of Period	3,364,520	1,280,255	3,364,520	1,280,255
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	(88,961)	69,480	(39,706)	122,737
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	43,214	41,160	43,987	46,158
Transfer Into Level III	907		907
Purchases	4,752	33,458	7,498	33,459
Sales	(2,748)	(1,014)	(2,812)	(6,163)
Changes in Gains (Losses) Included in Earnings	(7,522)	(129)	(10,977)	21
Balance, End of Period	38,603	73,475	38,603	73,475
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	(7,517)	(128)	(10,971)	(71)
Loans and Receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	286,199	604,611	392,732	581,079
Purchases	441,687	33,434	444,784	356,763
Sales	(186,532)	(408,488)	(305,025)	(701,212)
Issuances	14,125	12,594	23,899	19,340
Settlements	(17,165)	(28,155)	(22,018)	(45,555)
Changes in Gains (Losses) Included in Earnings	(4,209)	9,800	(267)	13,381
Balance, End of Period	534,105	223,796	534,105	223,796
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	(8,097)	746	(7,883)	(3,110)
Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	1,208,252	885,228	1,200,315	858,310
Transfer In Due to Consolidation and Acquisition	1,535,171		1,535,171
Transfer Into Level III	4,692	1,266	4,696	1,804
Transfer Out of Level III	(56,268)	(12,187)	(110,176)	(88,841)
Purchases	269,788	99,223	327,810	186,080
Sales	(103,118)	(79,993)	(167,431)	(127,985)
Changes in Gains (Losses) Included in Earnings	(66,705)	89,447	1,427	153,616
Balance, End of Period	2,791,812	982,984	2,791,812	982,984
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	$ (73,347)	$ 68,862	$ (20,852)	$ 125,918

Maximum Exposure to Loss Relati

Maximum Exposure to Loss Relating to Non-Consolidated VIEs (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
VIE Assets	$ 41,631,308	$ 41,196,408
VIE Liabilities	20,297,210	19,490,362
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	3,690,132	3,562,023
Variable Interest Entity, Not Primary Beneficiary | Investments
Variable Interest Entity [Line Items]
VIE Assets	3,432,284	3,337,757
Variable Interest Entity, Not Primary Beneficiary | Due from Affiliates
Variable Interest Entity [Line Items]
VIE Assets	205,960	179,939
Variable Interest Entity, Not Primary Beneficiary | Potential Clawback Obligation
Variable Interest Entity [Line Items]
VIE Liabilities	51,888	44,327
Variable Interest Entity, Not Primary Beneficiary | Amounts Due to Non-Consolidated VIEs
Variable Interest Entity [Line Items]
VIE Liabilities	$ 95	$ 105

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Securities Financing Transaction [Line Items]
Pledged securities with carrying value to collateralize its repurchase agreements	$ 152.5	$ 63

Schedule of Repurchase Agreemen

Schedule of Repurchase Agreements Obligation by Type of Collateral Pledged (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	$ 152,529	$ 57,980
Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. "Offsetting of Assets and Liabilities"	152,529	57,980
Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. "Offsetting of Assets and Liabilities"	0	0
Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		15,980
Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	152,529	42,000
Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		0
Overnight and Continuous | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		0
Overnight and Continuous | Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0	0
Up to 30 Days
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		15,980
Up to 30 Days | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		15,980
Up to 30 Days | Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0	0
30 - 90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		42,000
30 - 90 Days | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		0
30 - 90 Days | Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0	42,000
Greater than 90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		0
Greater than 90 Days | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements		0
Greater than 90 Days | Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	$ 152,529	$ 0

Offsetting of Assets and Liab_3

Offsetting of Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Offsetting Assets and Liabilities [Line Items]
Repurchase agreements gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	$ 152,529	$ 57,980
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	152,529	57,980
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	0	0
Repurchase agreements Net Amount	0	0
Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	212,131	205,646
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	206,363	176,532
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	2,239	1,347
Net Amount	3,529	27,767
Freestanding Derivatives
Offsetting Assets and Liabilities [Line Items]
Derivatives gross and Net Amounts of Assets Presented in the Statement of Financial Condition	181,875	146,061
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	73,799	137,265
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	103,923	41
Derivatives Net Amount	4,153	8,755
Derivatives gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	59,602	147,666
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	53,834	118,552
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	2,239	1,347
Derivatives Net Amount	$ 3,529	$ 27,767

Offsetting Of Assets And Liab_4

Offsetting Of Assets And Liabilities - Additional Information (Detail) - Cash Pooling Arrangement $ in Billions	Jun. 30, 2022 USD ($)
Offsetting Assets [Line Items]
Aggregate cash balance on deposit relating to the cash pooling arrangement	$ 1.3
Overdraft facility	$ 1.3

Components of Other Assets (Det

Components of Other Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule of Other Assets [Line Items]
Furniture, Equipment and Leasehold Improvements, Net	$ 316,389	$ 244,608
Prepaid Expenses	183,518	92,359
Freestanding Derivatives	152,653	145,401
Other	5,738	10,568
Total Other Assets	$ 658,298	$ 492,936

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) € in Millions, $ in Billions	Jun. 03, 2022 USD ($)	Jun. 01, 2022 EUR (€)
Senior Notes Due June 1, 2034 Note [Member]
Debt Instrument [Line Items]
Debt instrument, face amount | €		€ 500
Debt instrument, maturity date		Jun. 01, 2034
Debt instrument, interest rate		3.50%
Debt instrument, payment terms		Interest on the 2034 Notes is payable annually in arrears on June 1 of each year commencing on June 1, 2023.
Debt instrument, frequency of periodic payment		annually
Amended and Restated [Member] | Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity | $	$ 4.1
Amended and Restated [Member] | Minimum [Member] | Credit Facility
Debt Instrument [Line Items]
Line of credit expiration date	Nov. 24, 2025
Amended and Restated [Member] | Maximum [Member] | Credit Facility
Debt Instrument [Line Items]
Line of credit expiration date	Jun. 03, 2027

Carrying Value and Fair Value o

Carrying Value and Fair Value of Blackstone Issued Notes (Detail) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Carrying Value		$ 9,365,274	$ 7,498,062
Debt instrument, fair value	[1]	8,055,569	8,018,122
4.750% Notes
Debt Instrument [Line Items]
Carrying Value		399,202	398,581
Debt instrument, fair value	[1]	399,760	415,880
2.000% Notes
Debt Instrument [Line Items]
Carrying Value		311,967	338,275
Debt instrument, fair value	[1]	310,368	362,078
1.000% Notes
Debt Instrument [Line Items]
Carrying Value		624,380	675,867
Debt instrument, fair value	[1]	582,051	700,892
3.150% Notes
Debt Instrument [Line Items]
Carrying Value		297,918	297,738
Debt instrument, fair value	[1]	280,830	317,610
1.625% Notes
Debt Instrument [Line Items]
Carrying Value		643,987	643,251
Debt instrument, fair value	[1]	547,105	629,265
1.500% Notes
Debt Instrument [Line Items]
Carrying Value		625,225	678,085
Debt instrument, fair value	[1]	551,416	720,062
2.500% Notes
Debt Instrument [Line Items]
Carrying Value		492,130	491,662
Debt instrument, fair value	[1]	432,050	507,350
1.600% Notes
Debt Instrument [Line Items]
Carrying Value		495,764	495,541
Debt instrument, fair value	[1]	390,750	467,750
2.000% Notes
Debt Instrument [Line Items]
Carrying Value		787,491	786,690
Debt instrument, fair value	[1]	636,321	767,920
2.550% Note
Debt Instrument [Line Items]
Carrying Value		494,980
Debt instrument, fair value	[1]	417,600
3.500% Notes
Debt Instrument [Line Items]
Carrying Value		512,158
Debt instrument, fair value	[1]	494,373
6.250% Notes
Debt Instrument [Line Items]
Carrying Value		239,043	238,914
Debt instrument, fair value	[1]	272,725	361,775
5.000% Notes
Debt Instrument [Line Items]
Carrying Value		489,573	489,446
Debt instrument, fair value	[1]	487,800	648,500
4.450% Notes
Debt Instrument [Line Items]
Carrying Value		344,480	344,412
Debt instrument, fair value	[1]	317,730	426,195
4.000% Notes
Debt Instrument [Line Items]
Carrying Value		290,831	290,730
Debt instrument, fair value	[1]	253,170	347,370
3.500% One Notes
Debt Instrument [Line Items]
Carrying Value		392,174	392,089
Debt instrument, fair value	[1]	311,000	431,240
2.800% Notes
Debt Instrument [Line Items]
Carrying Value		393,888	393,818
Debt instrument, fair value	[1]	271,960	382,880
2.850% Notes
Debt Instrument [Line Items]
Carrying Value		543,085	542,963
Debt instrument, fair value	[1]	375,760	$ 531,355
3.200% Note
Debt Instrument [Line Items]
Carrying Value		986,998
Debt instrument, fair value	[1]	$ 722,800
[1]Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.

Carrying Value and Fair Value_2

Carrying Value and Fair Value of Blackstone Issued Notes (Parenthetical) (Detail) - Senior Secured Notes	6 Months Ended
	Jun. 30, 2022
4.750% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4.75%
Debt instrument, maturity date	Feb. 15, 2023
2.000% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2%
Debt instrument, maturity date	May 19, 2025
1.000% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1%
Debt instrument, maturity date	Oct. 05, 2026
3.150% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.15%
Debt instrument, maturity date	Oct. 02, 2027
1.625% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.625%
Debt instrument, maturity date	Aug. 05, 2028
1.500% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.50%
Debt instrument, maturity date	Apr. 10, 2029
2.500% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.50%
Debt instrument, maturity date	Jan. 10, 2030
1.600% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.60%
Debt instrument, maturity date	Mar. 30, 2031
2.000% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2%
Debt instrument, maturity date	Jan. 30, 2032
2.550% Note
Debt Instrument [Line Items]
Debt instrument, interest rate	2.55%
Debt instrument, maturity date	Mar. 30, 2032
3.500% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.50%
Debt instrument, maturity date	Jun. 01, 2034
6.250% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	6.25%
Debt instrument, maturity date	Aug. 15, 2042
5.000% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	5%
Debt instrument, maturity date	Jun. 15, 2044
4.450% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4.45%
Debt instrument, maturity date	Jul. 15, 2045
4.000% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4%
Debt instrument, maturity date	Oct. 02, 2047
3.500% One Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.50%
Debt instrument, maturity date	Sep. 10, 2049
2.800% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.80%
Debt instrument, maturity date	Sep. 30, 2050
2.850% Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.85%
Debt instrument, maturity date	Aug. 05, 2051
3.200% Note
Debt Instrument [Line Items]
Debt instrument, interest rate	3.20%
Debt instrument, maturity date	Jan. 30, 2052

Scheduled Principal Payments fo

Scheduled Principal Payments for Borrowings (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
2022	$ 0
2023	400,000
2024	0
2025	314,520
2026	629,040
Thereafter	8,153,240
Total	$ 9,496,800

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022
U.S. Federal | Tax Year 2018
Income Tax [Line Items]
Open Tax Year	2018
New York State | Tax Year 2015
Income Tax [Line Items]
Open Tax Year	2015
New York City | Tax Year 2009
Income Tax [Line Items]
Open Tax Year	2009
United Kingdom | Tax Year 2011
Income Tax [Line Items]
Open Tax Year	2011

Basic and Diluted Net Income Pe

Basic and Diluted Net Income Per Common Stock (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Blackstone Inc., Basic and Diluted		$ (29,393)	$ 1,309,152	$ 1,187,481	$ 3,057,024
Weighted-Average Shares of Common Stock Outstanding, Basic		707,382,293	721,141,954	738,752,489	715,121,029
Weighted-Average Shares of Unvested Deferred Restricted Common Stock		0	123,226	388,373	501,179
Weighted-Average Shares of Common Stock Outstanding, Diluted		707,382,293	721,265,180	739,140,862	715,622,208
Net Income (Loss) Per Share of Common Stock, Basic		$ (0.04)	$ 1.82	$ 1.61	$ 4.27
Net Income (Loss) Per Share of Common Stock, Diluted		(0.04)	1.82	1.61	4.27
Dividends Declared Per Share of Common Stock	[1]	$ 1.32	$ 0.82	$ 2.77	$ 1.78
[1]Dividends declared reflects the calendar date of the declaration for each distribution.

Summary of Anti-Dilutive Securi

Summary of Anti-Dilutive Securities (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Unvested Deferred Restricted Common Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-Average Units	35,883,883	0	0	0
Blackstone Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-Average Units	466,817,529	488,569,471	467,303,495	490,857,143

Schedule of Shares Eligible For

Schedule of Shares Eligible For Dividends and Distribution (Detail)	Jun. 30, 2022 shares
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	742,187,838
Shares eligible for dividends and distributions	1,208,756,215
Common Stock [Member]
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	706,476,877
Unvested Participating Common Stock [Member]
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	35,710,961
Participating Partnership Units [Member]
Stockholders Equity [Line Items]
Participating Blackstone Holdings Partnership Units	466,568,377

Earnings Per Share and Stockh_3

Earnings Per Share and Stockholder's Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 07, 2021	Feb. 26, 2021
Stockholders Equity [Line Items]
Preferred shares authorized							10,000,000,000
Preferred shares par value							$ 0.00001
Amount remaining available for repurchases	$ 1,300		$ 1,300
Share Reclassification
Stockholders Equity [Line Items]
Preferred shares authorized							9,000,000,000
Common Stock
Stockholders Equity [Line Items]
Common stock repurchased, units	1,900,000	3,200,000	1,900,000	3,200,000
Amount authorized to repurchase under unit repurchase program						$ 2,000
Common stock repurchased, cost	$ 195.3	$ 289.1	$ 195.3	$ 289.1
Series I Preferred Stock
Stockholders Equity [Line Items]
Preferred shares authorized	999,999,000		999,999,000		999,999,000
Preferred shares par value	$ 0.00001		$ 0.00001		$ 0.00001
Preferred shares issued	1		1		1
Preferred shares outstanding	1		1		1
Series I Preferred Stock | Share Reclassification
Stockholders Equity [Line Items]
Preferred shares authorized							999,999,000
Preferred shares issued	1		1
Preferred shares outstanding	1		1
Series II Preferred Stock
Stockholders Equity [Line Items]
Preferred shares authorized	1,000		1,000		1,000
Preferred shares par value	$ 0.00001		$ 0.00001		$ 0.00001
Preferred shares issued	1		1		1
Preferred shares outstanding	1		1		1
Series II Preferred Stock | Share Reclassification
Stockholders Equity [Line Items]
Preferred shares authorized							1,000
Preferred shares issued	1		1
Preferred shares outstanding	1		1

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jan. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Partnership grant units					171,096,250
Compensation expense in relation to equity-based awards	$ 210,800	$ 141,600	$ 429,868	$ 305,422
Tax benefits in relation to equity-based awards	12,200	$ 18,800	72,900	$ 40,700
Estimated unrecognized compensation expense related to unvested awards	$ 2,100,000		$ 2,100,000
Weighted-average period for recognized compensation expense related to unvested awards, years			3 years 4 months 24 days
Total vested and unvested outstanding units	1,208,883,091		1,208,883,091
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total outstanding unvested phantom units	62,405		62,405

Summary of Status of Partnershi

Summary of Status of Partnership's Unvested Equity-Based Awards (Detail)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Blackstone | Blackstone Partnership Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	17,344,328
Vested (Units) | shares	(1,262,132)
Forfeited (Units) | shares	(116,197)
Ending Balance | shares	15,965,999
Beginning Balance | $ / shares	$ 37.37
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	34.82
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	38.24
Ending Balance | $ / shares	$ 37.57
Blackstone Group Inc. [Member] | Equity Settled Awards Deferred Restricted Shares Of Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	26,537,813
Granted (Units) | shares	11,210,550
Vested (Units) | shares	(2,818,889)
Forfeited (Units) | shares	(656,754)
Ending Balance | shares	34,272,720
Beginning Balance | $ / shares	$ 58.34
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	127.77
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	70.94
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	71.25
Ending Balance | $ / shares	$ 79.89
Blackstone Group Inc. [Member] | Cash Settled Awards Phantom Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	73,581
Granted (Units) | shares	28,037
Vested (Units) | shares	(1,980)
Forfeited (Units) | shares	(46,412)
Ending Balance | shares	53,226
Beginning Balance | $ / shares	$ 137.65
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	126.03
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	130.22
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	130.22
Ending Balance | $ / shares	$ 121.71

Unvested Shares and Units, Afte

Unvested Shares and Units, After Expected Forfeitures (Detail)	6 Months Ended
	Jun. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Blackstone Holdings Partnership Units	15,473,779
Deferred Restricted Shares of Common Stock	29,650,267
Total Equity-Based Awards	45,124,046
Phantom Shares	41,966
Blackstone Holdings Partnership Units (Weighted-Average Service Period in Years)	1 year 7 months 6 days
Deferred Restricted Shares of Common Stock (Weighted-Average Service in Years)	3 years 3 months 18 days
Total Equity-Based Awards (Weighted-Average Service Period in Years)	2 years 8 months 12 days
Phantom Shares (Weighted-Average Service Period in Years)	3 years 4 months 24 days

Due from Affiliates and Due to

Due from Affiliates and Due to Affiliates (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated Entities and Portfolio Companies	$ 3,053,633	$ 3,519,945
Due from Certain Non-Controlling Interest Holders and Blackstone Employees	795,987	1,099,899
Accrual for Potential Clawback of Previously Distributed Performance Allocations	42,338	37,023
Due from Affiliates, total	3,891,958	4,656,867
Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements	1,561,842	1,558,393
Due to Non-Consolidated Entities	185,689	181,341
Due to Certain Non-Controlling Interest Holders and Blackstone Employees	151,183	77,664
Accrual for Potential Repayment of Previously Received Performance Allocations	102,677	88,700
Due to Affiliates, total	$ 2,001,391	$ 1,906,098

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Investments	$ 27,323,758		$ 27,323,758		$ 28,665,043
Cash saving in tax receivable agreements, percentage			85%
Expected future payments under the tax receivable agreements	1,600,000		$ 1,600,000
Expected future payments under the tax receivable agreements in years			15 years
After-tax net present value estimated payments	$ 438,400		$ 438,400
After-tax net present value discount rate assumption	15%		15%
Founder, senior managing directors, employees and certain other related parties
Related Party Transaction [Line Items]
Net Income Attributable to Non-Controlling Interests	$ (74,800)	$ 116,200	$ (10,400)	$ 233,600
Founder, senior managing directors, employees and certain other related parties | Consolidated Blackstone Funds
Related Party Transaction [Line Items]
Investments	1,600,000		1,600,000		$ 1,600,000
Affiliates
Related Party Transaction [Line Items]
Interest from loans to affiliates	$ 1,400	$ 1,000	$ 3,800	$ 3,300

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Schedule Of Commitments And Contingencies [Line Items]
General partner capital funding	$ 5,700
Total investments at risk in respect of guarantees extended	$ 36
Contingent obligations currently anticipated to expire end	2032
Provision for cash clawback	$ 1,200
Contingent Obligations (Clawback)	6,200
Blackstone Holdings
Schedule Of Commitments And Contingencies [Line Items]
Loans held By employees for investment guaranteed	86
Contingent Obligations (Clawback)	5,800
Consolidated Blackstone Funds
Schedule Of Commitments And Contingencies [Line Items]
Funds signed investment commitments	206.8
Consolidated Blackstone Funds | Portfolio Company Acquisition
Schedule Of Commitments And Contingencies [Line Items]
Signed investment commitments for portfolio company acquisitions in process of closing	$ 68.4

Clawback Obligations by Segment

Clawback Obligations by Segment (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Product Liability Contingency [Line Items]
Clawback obligations	$ 102,677	$ 88,700
Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	60,370	51,677
Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	42,307	37,023
Real Estate Segment
Product Liability Contingency [Line Items]
Clawback obligations	57,420	54,266
Real Estate Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	36,220	34,080
Real Estate Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	21,200	20,186
Private Equity Segment
Product Liability Contingency [Line Items]
Clawback obligations	18,012	7,354
Private Equity Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	11,591	5,158
Private Equity Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	6,421	2,196
Credit & Insurance
Product Liability Contingency [Line Items]
Clawback obligations	27,245	27,080
Credit & Insurance | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	12,559	12,439
Credit & Insurance | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	$ 14,686	$ 14,641

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - Segment	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022
Segment Reporting Information [Line Items]
Number of business segments	4	4	4

Financial Data of Segments (Det

Financial Data of Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Fee Related Performance Revenues	$ 346,593	$ 48,889	$ 904,658	$ 218,057
Realized Performance Revenues	2,553,367	841,827	4,424,242	1,412,318
Realized Performance Compensation	1,081,279	361,854	1,839,899	588,206
Operating Segments
Segment Reporting Information [Line Items]
Base Management Fees	1,496,876	1,140,051	2,936,025	2,257,341
Transaction, Advisory and Other Fees, Net	85,092	78,125	149,101	156,765
Management Fee Offsets	(25,051)	(5,434)	(54,841)	(23,159)
Total Management and Advisory Fees, Net	1,556,917	1,212,742	3,030,285	2,390,947
Fee Related Performance Revenues	346,593	48,889	904,658	218,057
Fee Related Compensation	(621,413)	(375,385)	(1,291,884)	(820,495)
Other Operating Expenses	(261,510)	(182,178)	(475,608)	(343,602)
Fee Related Earnings	1,020,587	704,068	2,167,451	1,444,907
Realized Performance Revenues	2,206,774	792,938	3,519,584	1,194,261
Realized Performance Compensation	(926,974)	(338,271)	(1,446,094)	(489,195)
Realized Principal Investment Income (Loss)	43,509	63,132	200,604	361,288
Total Net Realizations	1,323,309	517,799	2,274,094	1,066,354
Total Segment Distributable Earnings	2,343,896	1,221,867	4,441,545	2,511,261
Segment Assets	38,660,002		38,660,002
Operating Segments | Real Estate Segment
Segment Reporting Information [Line Items]
Base Management Fees	611,751	453,664	1,191,937	880,850
Transaction, Advisory and Other Fees, Net	46,974	38,080	87,459	64,099
Management Fee Offsets	(689)	(493)	(1,649)	(2,116)
Total Management and Advisory Fees, Net	658,036	491,251	1,277,747	942,833
Fee Related Performance Revenues	265,507	33,776	757,024	189,168
Fee Related Compensation	(273,893)	(121,957)	(618,735)	(310,449)
Other Operating Expenses	(88,329)	(54,760)	(154,332)	(99,122)
Fee Related Earnings	561,321	348,310	1,261,704	722,430
Realized Performance Revenues	1,997,720	351,053	2,800,636	439,691
Realized Performance Compensation	(831,402)	(154,928)	(1,121,433)	(177,690)
Realized Principal Investment Income (Loss)	29,116	28,129	83,091	128,949
Total Net Realizations	1,195,434	224,254	1,762,294	390,950
Total Segment Distributable Earnings	1,756,755	572,564	3,023,998	1,113,380
Segment Assets	14,267,173		14,267,173
Operating Segments | Private Equity Segment
Segment Reporting Information [Line Items]
Base Management Fees	433,459	364,606	854,931	742,266
Transaction, Advisory and Other Fees, Net	27,551	32,272	40,209	74,979
Management Fee Offsets	(23,157)	(3,601)	(50,299)	(17,520)
Total Management and Advisory Fees, Net	437,853	393,277	844,841	799,725
Fee Related Performance Revenues	0		(648)
Fee Related Compensation	(152,622)	(136,767)	(303,672)	(277,364)
Other Operating Expenses	(83,233)	(61,041)	(150,977)	(112,096)
Fee Related Earnings	201,998	195,469	389,544	410,265
Realized Performance Revenues	122,884	383,010	573,122	638,855
Realized Performance Compensation	(57,380)	(159,375)	(264,083)	(270,584)
Realized Principal Investment Income (Loss)	8,904	27,796	74,342	143,199
Total Net Realizations	74,408	251,431	383,381	511,470
Total Segment Distributable Earnings	276,406	446,900	772,925	921,735
Segment Assets	14,636,045		14,636,045
Operating Segments | Hedge Fund Solutions Segment
Segment Reporting Information [Line Items]
Base Management Fees	145,077	155,244	290,123	305,777
Transaction, Advisory and Other Fees, Net	3,450	1,558	4,919	5,904
Management Fee Offsets	(40)	(203)	(109)	(261)
Total Management and Advisory Fees, Net	148,487	156,599	294,933	311,420
Fee Related Compensation	(57,863)	(38,638)	(105,098)	(77,488)
Other Operating Expenses	(26,066)	(21,873)	(49,250)	(41,045)
Fee Related Earnings	64,558	96,088	140,585	192,887
Realized Performance Revenues	7,197	17,056	36,110	48,629
Realized Performance Compensation	(2,083)	(5,626)	(11,083)	(12,534)
Realized Principal Investment Income (Loss)	(1,530)	2,125	13,371	37,675
Total Net Realizations	3,584	13,555	38,398	73,770
Total Segment Distributable Earnings	68,142	109,643	178,983	266,657
Segment Assets	2,777,317		2,777,317
Operating Segments | Credit & Insurance Segment
Segment Reporting Information [Line Items]
Base Management Fees	306,589	166,537	599,034	328,448
Transaction, Advisory and Other Fees, Net	7,117	6,215	16,514	11,783
Management Fee Offsets	(1,165)	(1,137)	(2,784)	(3,262)
Total Management and Advisory Fees, Net	312,541	171,615	612,764	336,969
Fee Related Performance Revenues	81,086	15,113	148,282	28,889
Fee Related Compensation	(137,035)	(78,023)	(264,379)	(155,194)
Other Operating Expenses	(63,882)	(44,504)	(121,049)	(91,339)
Fee Related Earnings	192,710	64,201	375,618	119,325
Realized Performance Revenues	78,973	41,819	109,716	67,086
Realized Performance Compensation	(36,109)	(18,342)	(49,495)	(28,387)
Realized Principal Investment Income (Loss)	7,019	5,082	29,800	51,465
Total Net Realizations	49,883	28,559	90,021	90,164
Total Segment Distributable Earnings	242,593	$ 92,760	465,639	$ 209,489
Segment Assets	$ 6,979,467		$ 6,979,467

Reconciliation of Total Segment

Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total Revenues		$ 629,220	$ 5,291,354	$ 5,755,500	$ 10,590,226
Less: Unrealized Principal Investment Income		(500,490)	328,835	(426,529)	968,150
Total Expenses		744,113	2,272,330	2,941,135	4,323,777
Total Other Income		(104,339)	126,724	(52,702)	249,987
Total Other Income		0	0	0	0
Total GAAP Income (Loss) Before Provision for Taxes		(219,232)	3,145,748	2,761,663	6,516,436
Total Assets		41,631,308		41,631,308		$ 41,196,408
Less: Unrealized Principal Investment (Income) Loss		(500,490)	328,835	(426,529)	968,150
Operating Segments
Segment Reporting Information [Line Items]
Total Revenues	[1],[2]	4,153,793	2,117,701	7,655,131	4,164,553
Total Expenses	[1]	1,809,897	895,834	3,213,586	1,653,292
Total Segment Distributable Earnings		2,343,896	1,221,867	4,441,545	2,511,261
Total Assets		38,660,002		38,660,002
Segment Distributable Earnings		2,343,896	1,221,867	4,441,545	2,511,261
Consolidation Adjustments and Reconciling Items
Segment Reporting Information [Line Items]
Less: Unrealized Performance Revenues	[3]	3,467,668	(2,697,170)	2,174,618	(5,161,667)
Less: Unrealized Principal Investment Income	[4]	203,288	(104,658)	176,530	(528,592)
Less: Interest and Dividend Revenue	[5]	(66,143)	(32,931)	(120,628)	(64,343)
Less: Other Revenue	[6]	(155,704)	(27,870)	(228,523)	(88,143)
Impact of Consolidation	[7]	75,099	(312,076)	(102,497)	(581,392)
Transaction-Related Charges	[8]	(237)	12	(1,450)	(3,611)
Less: Unrealized Performance Allocations Compensation	[9]	1,386,543	(1,150,219)	914,259	(2,200,188)
Less: Equity-Based Compensation	[10]	(195,644)	(121,422)	(397,189)	(265,694)
Less: Interest Expense	[11]	(69,425)	(44,132)	(136,027)	(88,472)
Impact of Consolidation	[7]	(11,394)	(6,647)	(19,200)	(11,747)
Amortization of Intangibles	[12]	(17,044)	(17,044)	(34,088)	(34,168)
Transaction-Related Charges	[8]	(25,378)	(35,521)	(51,924)	(67,032)
Administrative Fee Adjustment	[10]	2,476	2,551	(4,961)	(5,259)
Less: Unrealized Performance Revenues	[3]	3,467,668	(2,697,170)	2,174,618	(5,161,667)
Less: Unrealized Principal Investment (Income) Loss	[4]	203,288	(104,658)	176,530	(528,592)
Less: Interest and Dividend Revenue	[5]	(66,143)	(32,931)	(120,628)	(64,343)
Less: Other Revenue	[6]	(155,704)	(27,870)	(228,523)	(88,143)
Plus: Unrealized Performance Allocations Compensation	[9]	(1,386,543)	1,150,219	(914,259)	2,200,188
Plus: Equity Based Compensation	[10]	195,644	121,422	397,189	265,694
Plus: Interest Expense	[11]	69,425	44,132	136,027	88,472
Amortization of Intangibles	[12]	17,044	17,044	34,088	34,168
Transaction-Related Charges	[8]	25,141	35,533	50,474	63,421
Administrative Fee Adjustment	[8]	2,476	2,551	4,961	5,259
Segment Adjustment
Segment Reporting Information [Line Items]
Intersegment Eliminations		602	1,040	1,581	2,075
Intersegment Eliminations		602	1,040	1,581	2,075
Impact of Consolidation
Segment Reporting Information [Line Items]
Total Other Income	[7]	104,339	(126,724)	52,702	(249,987)
Total Assets	[7]	(2,971,306)		(2,971,306)
Impact of Consolidation		$ 190,832	$ (432,153)	$ (30,595)	$ (819,632)
[1]Total Segment Expenses is comprised of the following:[2]Total Segment Revenues is comprised of the following:[3]This adjustment removes Unrealized Performance Revenues on a segment basis.[4]This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis.[5]This adjustment removes Interest and Dividend Revenue on a segment basis.[6]This adjustment removes Other Revenue on a segment basis. For the three months ended June 30, 2022 and 2021, Other Revenue on a GAAP basis was $155.6 million and $27.9 million, and included $155.5 million and $27.3 million of foreign exchange gains, respectively. For the six months ended June 30, 2022 and 2021, Other Revenue on a GAAP basis was $228.5 million and $88.2 million, and included $228.2 million and $86.9 million of foreign exchange gains, respectively.[7]This adjustment reverses the effect of consolidating Blackstone Funds, which are excluded from Blackstone’s segment presentation. This adjustment includes the elimination of Blackstone’s interest in these funds, the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests.[8]This adjustment removes Transaction-Related Charges, which are excluded from Blackstone’s segment presentation. Transaction-Related Charges arise from corporate actions including acquisitions, divestitures, and Blackstone’s initial public offering. They consist primarily of equity-based compensation charges, gains and losses on contingent consideration arrangements, changes in the balance of the Tax Receivable Agreement resulting from a change in tax law or similar event, transaction costs and any gains or losses associated with these corporate actions.[9]This adjustment removes Unrealized Performance Allocations Compensation.[10]This adjustment removes Equity-Based Compensation on a segment basis.[11]This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the Tax Receivable Agreement.[12]This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation.

Reconciliation of Total Segme_2

Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Parenthetical) (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total Segment Fee Related Performance Revenues		$ 346,593	$ 48,889	$ 904,658	$ 218,057
Total Segment Realized Performance Revenues		2,553,367	841,827	4,424,242	1,412,318
Total Segment Realized Performance Compensation		(1,081,279)	(361,854)	(1,839,899)	(588,206)
Other revenue		155,588	27,896	228,457	88,200
Foreign exchange gains		155,500	27,300	228,200	86,900
Operating Segments
Segment Reporting Information [Line Items]
Total Segment Management and Advisory Fees, Net		1,556,917	1,212,742	3,030,285	2,390,947
Total Segment Fee Related Performance Revenues		346,593	48,889	904,658	218,057
Total Segment Realized Performance Revenues		2,206,774	792,938	3,519,584	1,194,261
Total Segment Realized Principal Investment Income		43,509	63,132	200,604	361,288
Total Revenues	[1],[2]	4,153,793	2,117,701	7,655,131	4,164,553
Total Segment Fee Related Compensation		621,413	375,385	1,291,884	820,495
Total Segment Realized Performance Compensation		926,974	338,271	1,446,094	489,195
Total Segment Other Operating Expenses		261,510	182,178	475,608	343,602
Total Expenses	[1]	$ 1,809,897	$ 895,834	$ 3,213,586	$ 1,653,292
[1]Total Segment Expenses is comprised of the following:[2]Total Segment Revenues is comprised of the following:

Reconciliation of Total Segme_3

Reconciliation of Total Segments to Reported on the Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	[1]	$ (4,270)	$ 193	$ (6,838)	$ 583
Investment Income - Realized Performance Allocations		2,453,769	808,620	4,220,155	1,342,987
Realized Performance Revenues		346,593	48,889	904,658	218,057
Compensation and Benefits Compensation		686,012	507,104	1,342,517	1,049,742
Incentive Fee Compensation		45,363	14,431	86,382	27,756
Realized Performance Allocations Compensation		1,035,916	347,423	1,753,517	560,450
Realized Performance Revenues		2,553,367	841,827	4,424,242	1,412,318
Total Compensation and Benefits		1,767,291	868,958	3,182,416	1,637,948
General, Administrative and Other		289,288	205,057	529,962	390,179
General, Administrative and Other	[2]	(27,778)	(22,879)	(54,354)	(46,577)
Investment Income - Realized Performance Allocations		2,453,769	808,620	4,220,155	1,342,987
Realized Performance Revenues		2,553,367	841,827	4,424,242	1,412,318
Realized Performance Compensation		1,081,279	361,854	1,839,899	588,206
Investment Income Realized		265,161	152,060	550,265	507,098
Investment Income Realized	[3]	(221,652)	(88,928)	(349,661)	(145,810)
Segment Adjustment	[4]	(23,260)	(33,880)	(47,249)	(62,564)
Less: Fee Related Performance Compensation	[5]	(150,430)	(21,652)	(388,772)	(94,482)
Total Segment		(1,081,279)	(361,854)	(1,839,899)	(588,206)
Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		1,561,187	1,212,549	3,037,123	2,390,364
Incentive Fees
Segment Reporting Information [Line Items]
Revenues		99,598	33,207	204,087	69,331
Operating Segments
Segment Reporting Information [Line Items]
Revenues		1,556,917	1,212,742	3,030,285	2,390,947
Realized Performance Revenues		346,593	48,889	904,658	218,057
Realized Performance Revenues		2,206,774	792,938	3,519,584	1,194,261
Realized Performance Revenues		(346,593)	(48,889)	(904,658)	(218,057)
General, Administrative and Other		261,510	182,178	475,608	343,602
Realized Performance Revenues		2,206,774	792,938	3,519,584	1,194,261
Less: Realized Performance Revenues		(2,206,774)	(792,938)	(3,519,584)	(1,194,261)
Realized Performance Compensation		(926,974)	(338,271)	(1,446,094)	(489,195)
Investment Income Realized		43,509	63,132	200,604	361,288
Less: Equity-Based Compensation - Operating Compensation		(191,769)	(119,491)	(392,156)	(261,165)
Less: Equity-Based Compensation - Performance Compensation		(3,875)	(1,931)	(5,033)	(4,529)
Total Compensation and Benefits		621,413	375,385	1,291,884	820,495
Less: Equity-Based Compensation - Performance Compensation		(3,875)	(1,931)	(5,033)	(4,529)
Total Segment		926,974	338,271	1,446,094	489,195
Operating Segments | Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		$ 1,556,917	$ 1,212,742	$ 3,030,285	$ 2,390,947
[1]Represents (1) the add back of net management fees earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures.[2]Represents the (1) removal of amortization of transaction-related intangibles, (2) removal of certain expenses reimbursed by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and (3) a reduction equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units which is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation.[3]Represents (1) the add back of Principal Investment Income, including general partner income, earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests.[4]Represents the removal of Transaction-Related Charges that are not recorded in the Total Segment measures.[5]Fee related performance compensation may include equity-based compensation based on fee related performance revenues.