Blackstone (BX) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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		701,780,900

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and Cash Equivalents	$ 3,480,003	$ 2,119,738
Cash Held by Blackstone Funds and Other	94,358	79,994
Investments (including assets pledged of $313,138 and $63,044 at September 30, 2022 and December 31, 2021, respectively)	26,256,148	28,665,043
Accounts Receivable	835,529	636,616
Due from Affiliates	4,029,490	4,656,867
Intangible Assets, Net	232,096	284,384
Goodwill	1,890,202	1,890,202
Other Assets	785,794	492,936
Right-of-Use Assets	887,832	788,991
Deferred Tax Assets	1,767,869	1,581,637
Total Assets	40,259,321	41,196,408
Liabilities and Equity
Loans Payable	9,263,080	7,748,163
Due to Affiliates	2,060,891	1,906,098
Accrued Compensation and Benefits	6,732,507	7,905,070
Securities Sold, Not Yet Purchased	26,783	27,849
Repurchase Agreements	313,138	57,980
Operating Lease Liabilities	985,632	908,033
Accounts Payable, Accrued Expenses and Other Liabilities	1,141,905	937,169
Total Liabilities	20,523,936	19,490,362
Commitments and Contingencies
Redeemable Non-Controlling Interests in Consolidated Entities	1,344,188	68,028
Stockholders' Equity of Blackstone Inc.
Common Stock, $0.00001 par value, 90 billion shares authorized, (709,040,610 shares issued and outstanding as of September 30, 2022; 704,339,774 shares issued and outstanding as of December 31, 2021)	7	7
Additional Paid-in-Capital	5,791,006	5,794,727
Retained Earnings	1,869,463	3,647,785
Accumulated Other Comprehensive Loss	(74,800)	(19,626)
Total Stockholders' Equity of Blackstone Inc.	7,585,676	9,422,893
Non-Controlling Interests in Consolidated Entities	5,357,148	5,600,653
Non-Controlling Interests in Blackstone Holdings	5,448,373	6,614,472
Total Equity	18,391,197	21,638,018
Total Liabilities and Equity	40,259,321	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	Sep. 30, 2022	Dec. 31, 2021
Investments assets pledged	$ 313,138	$ 63,044
Assets	40,259,321	41,196,408
Liabilities	$ 20,523,936	$ 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	709,040,610	704,339,774
Common shares outstanding	709,040,610	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	$ 4,027,294	$ 2,177,502
Liabilities	147,878	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	30,627	101
Securities Sold, Not Yet Purchased | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	22,971	23,557
Investments | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	3,828,497	2,018,829
Accounts Receivable | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	92,499	64,680
Cash Held by Funds and Other | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	94,358	79,994
Due from Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	11,655	13,748
Other Assets | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	285	251
Due to Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	69,715	95,204
Accounts Payable, Accrued Expenses and Other Liabilities | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	$ 24,565	$ 10,420

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Performance Allocations
Realized	$ 725,888	$ 1,522,495	$ 4,946,043	$ 2,865,482
Unrealized	(771,637)	2,724,366	(2,946,255)	7,886,033
Principal Investments
Realized	193,228	325,414	743,493	832,512
Unrealized	(1,069,697)	183,754	(1,496,226)	1,151,904
Total Investment Income (Loss)	(922,218)	4,756,029	1,247,055	12,735,931
Interest and Dividend Revenue	52,420	35,048	168,980	97,477
Other	199,382	64,187	427,839	152,387
Total Revenues	1,058,114	6,224,265	6,813,614	16,814,491
Expenses
Compensation and Benefits Compensation	600,273	536,199	1,942,790	1,585,941
Incentive Fee Compensation	50,355	21,007	136,737	48,763
Performance Allocations Compensation
Realized	313,930	631,632	2,067,447	1,192,082
Unrealized	(359,590)	1,193,853	(1,273,849)	3,394,041
Total Compensation and Benefits	604,968	2,382,691	2,873,125	6,220,827
General, Administrative and Other	270,369	217,995	800,331	608,174
Interest Expense	80,507	52,413	216,896	141,718
Fund Expenses	5,517	1,260	12,144	7,417
Total Expenses	961,361	2,654,359	3,902,496	6,978,136
Other Income (Loss)
Change in Tax Receivable Agreement Liability	0	(37,321)	748	(34,803)
Net Gains (Losses) from Fund Investment Activities	1,178	132,312	(52,272)	379,781
Total Other Income (Loss)	1,178	94,991	(51,524)	344,978
Income Before Provision for Taxes	97,931	3,664,897	2,859,594	10,181,333
Provision for Taxes	94,231	458,904	614,026	746,707
Net Income	3,700	3,205,993	2,245,568	9,434,626
Net Income Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	25,773	1,550	56,700	2,816
Net Income (Loss) Attributable to Non-Controlling Interests in Consolidated Entities	(62,093)	486,907	(62,425)	1,305,273
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings	37,724	1,315,641	1,061,516	3,667,618
Net Income Attributable to Blackstone Inc.	$ 2,296	$ 1,401,895	$ 1,189,777	$ 4,458,919
Net Income Per Share of Common Stock
Basic	$ 0	$ 1.94	$ 1.61	$ 6.21
Diluted	$ 0	$ 1.94	$ 1.61	$ 6.21
Weighted-Average Shares of Common Stock Outstanding
Basic	742,345,646	722,229,117	739,963,370	717,516,302
Diluted	742,495,532	722,433,099	740,272,247	717,918,415
Management and Advisory Fees, Net
Revenues
Revenues	$ 1,617,754	$ 1,320,795	$ 4,654,877	$ 3,711,159
Incentive Fees
Revenues
Revenues	$ 110,776	$ 48,206	$ 314,863	$ 117,537

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net Income	$ 3,700	$ 3,205,993	$ 2,245,568	$ 9,434,626
Other Comprehensive Income (Loss), Currency Translation Adjustment	(156,610)	(8,689)	(226,076)	1,366
Comprehensive Income (Loss)	(152,910)	3,197,304	2,019,492	9,435,992
Comprehensive Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	(76,820)	1,550	(78,623)	2,816
Comprehensive Income (Loss) Attributable to Non-Controlling Interests in Consolidated Entities	(62,093)	486,907	(62,425)	1,305,273
Comprehensive Income Attributable to Non-Controlling Interests in Blackstone Holdings	16,282	1,312,064	1,025,937	3,668,510
Comprehensive Income (Loss) Attributable to Non-Controlling Interests	(122,631)	1,800,521	884,889	4,976,599
Comprehensive Income (Loss) Attributable to Blackstone Inc.	$ (30,279)	$ 1,396,783	$ 1,134,603	$ 4,459,393

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total	Common Stock		Additional Paid-in Capital	[1]	Retained Earnings (Deficit)	[1]	Accumulated Other Comprehensive Income (Loss)	[1]	Parent	[1]	Noncontrolling Interest Consolidated Entities	Noncontrolling Interest Blackstone Holdings
Beginning Balance at Dec. 31, 2020		$ 14,525,348	$ 7	[1]	$ 6,332,105		$ 335,762		$ (15,831)		$ 6,652,043		$ 4,042,157	$ 3,831,148
Beginning Balance, Units at Dec. 31, 2020	[1]	683,875,544
Net Income (Loss)		$ 9,431,810					4,458,919				4,458,919		1,305,273	3,667,618
Currency Translation Adjustment		1,366							474		474			892
Capital Contributions		1,028,696											1,020,950	7,746
Capital Distributions		(3,937,461)					(1,762,916)				(1,762,916)		(726,075)	(1,448,470)
Transfer of Non-Controlling Interests in Consolidated Entities		(3,693)											(3,693)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		30,448			30,448						30,448
Equity-Based Compensation		429,077			250,222						250,222			178,855
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		$ (49,642)			(49,642)						(49,642)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]	3,802,879
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		$ (644,908)			(644,908)						(644,908)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]	(6,049,598)
Change in Blackstone Inc.'s Ownership Interest		$ (10,494)			10,494						10,494			(10,494)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					108,909						108,909			(108,909)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]	11,983,873
Ending Balance at Sep. 30, 2021		$ 20,811,041	7	[1]	6,037,628		3,031,765		(15,357)		9,054,043		5,638,612	6,118,386
Ending Balance, Units at Sep. 30, 2021	[1]	693,612,698
Beginning Balance at Dec. 31, 2020		$ 65,161
Net Income (Loss)		2,816
Capital Distributions		(1,153)
Ending Balance at Sep. 30, 2021		66,824
Beginning Balance at Jun. 30, 2021		$ 18,481,446	7	[1]	6,282,600		2,133,794		(10,245)		8,406,156		4,860,442	5,214,848
Beginning Balance, Units at Jun. 30, 2021	[1]	691,093,463
Net Income (Loss)		$ 3,204,443					1,401,895				1,401,895		486,907	1,315,641
Currency Translation Adjustment		(8,689)							(5,112)		(5,112)			(3,577)
Capital Contributions		611,207											608,720	2,487
Capital Distributions		(1,245,094)					(503,924)				(503,924)		(317,357)	(423,813)
Transfer of Non-Controlling Interests in Consolidated Entities		(100)											(100)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		10,734			10,734						10,734
Equity-Based Compensation		139,530			81,616						81,616			57,914
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		$ (26,583)			(26,583)						(26,583)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]	1,815,907
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		$ (355,853)			(355,853)						(355,853)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]	(2,875,000)
Change in Blackstone Inc.'s Ownership Interest					6,617						6,617			(6,617)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					38,497						38,497			(38,497)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]	3,578,328
Ending Balance at Sep. 30, 2021		$ 20,811,041	7	[1]	6,037,628		3,031,765		(15,357)		9,054,043		5,638,612	6,118,386
Ending Balance, Units at Sep. 30, 2021	[1]	693,612,698
Beginning Balance at Jun. 30, 2021		$ 65,568
Net Income (Loss)		1,550
Capital Distributions		(294)
Ending Balance at Sep. 30, 2021		66,824
Beginning Balance at Dec. 31, 2021		21,638,018	$ 7	[1]	5,794,727		3,647,785		(19,626)		9,422,893		5,600,653	6,614,472
Beginning Balance, Units at Dec. 31, 2021	[1]		704,339,774
Net Income (Loss)		2,188,868					1,189,777				1,189,777		(62,425)	1,061,516
Currency Translation Adjustment		(90,753)							(55,174)		(55,174)			(35,579)
Capital Contributions		728,353											720,930	7,423
Capital Distributions		(6,244,077)					(2,968,099)				(2,968,099)		(905,773)	(2,370,205)
Transfer of Non-Controlling Interests in Consolidated Entities		3,763											3,763
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		13,091			13,091						13,091
Equity-Based Compensation		615,693			370,519						370,519			245,174
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(69,791)			(69,791)						(69,791)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		5,203,342
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(391,968)			(391,968)						(391,968)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(3,804,545)
Change in Blackstone Inc.'s Ownership Interest		(28,846)			28,846						28,846			(28,846)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					45,582						45,582			(45,582)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		3,302,039
Ending Balance at Sep. 30, 2022		18,391,197	$ 7	[1]	5,791,006		1,869,463		(74,800)		7,585,676		5,357,148	5,448,373
Ending Balance, Units at Sep. 30, 2022	[1]		709,040,610
Beginning Balance at Dec. 31, 2021		68,028
Transfer In Due to Consolidation of Fund Entities		1,146,410
Transfer of Non-Controlling Interests in Consolidated Entities		(13,343)
Net Income (Loss)		56,700
Currency Translation Adjustment		(135,323)
Capital Contributions		285,767
Capital Distributions		(64,051)
Ending Balance at Sep. 30, 2022		1,344,188
Beginning Balance at Jun. 30, 2022		20,058,607	$ 7	[1]	5,870,285		2,803,100		(42,225)		8,631,167		5,281,244	6,146,196
Beginning Balance, Units at Jun. 30, 2022	[1]		706,476,877
Net Income (Loss)		(22,073)					2,296				2,296		(62,093)	37,724
Currency Translation Adjustment		(54,017)							(32,575)		(32,575)			(21,442)
Capital Contributions		270,625											268,165	2,460
Capital Distributions		(1,854,305)					(935,933)				(935,933)		(142,675)	(775,697)
Transfer of Non-Controlling Interests in Consolidated Entities		12,507											12,507
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		5,562			5,562						5,562
Equity-Based Compensation		201,351			121,264						121,264			80,087
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(30,418)			(30,418)						(30,418)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		2,938,303
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(196,642)			(196,642)						(196,642)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(1,954,545)
Change in Blackstone Inc.'s Ownership Interest					80						80			(80)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock					20,875						20,875			(20,875)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		1,579,975
Ending Balance at Sep. 30, 2022		18,391,197	$ 7	[1]	$ 5,791,006		$ 1,869,463		$ (74,800)		$ 7,585,676		$ 5,357,148	$ 5,448,373
Ending Balance, Units at Sep. 30, 2022	[1]		709,040,610
Beginning Balance at Jun. 30, 2022		1,275,491
Transfer In Due to Consolidation of Fund Entities		0
Transfer of Non-Controlling Interests in Consolidated Entities		(13,343)
Net Income (Loss)		25,773
Currency Translation Adjustment		(102,593)
Capital Contributions		180,300
Capital Distributions		(21,440)
Ending Balance at Sep. 30, 2022		$ 1,344,188
[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.

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Equity (Parenthetical)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities
Net Income	$ 2,245,568	$ 9,434,626
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Net Realized Gains on Investments	(5,869,897)	(3,851,756)
Changes in Unrealized (Gains) Losses on Investments	1,712,735	(1,411,164)
Non-Cash Performance Allocations	2,946,255	(7,886,033)
Non-Cash Performance Allocations and Incentive Fee Compensation	914,965	4,619,216
Equity-Based Compensation Expense	636,454	454,110
Amortization of Intangibles	52,288	56,174
Other Non-Cash Amounts Included in Net Income	(923,678)	62,730
Cash Flows Due to Changes in Operating Assets and Liabilities
Cash Acquired with Consolidation of Fund Entities	31,791	0
Accounts Receivable	(190,786)	437,030
Due from Affiliates	661,934	(419,569)
Other Assets	(142,410)	(54,140)
Accrued Compensation and Benefits	(1,562,779)	(677,951)
Securities Sold, Not Yet Purchased	30	(14,924)
Accounts Payable, Accrued Expenses and Other Liabilities	149,678	(4,020)
Repurchase Agreements	255,159	(40,263)
Due to Affiliates	93,669	63,888
Investments Purchased	(3,783,564)	(4,175,221)
Cash Proceeds from Sale of Investments	8,393,706	8,207,202
Net Cash Provided by Operating Activities	5,621,118	4,799,935
Investing Activities
Purchase of Furniture, Equipment and Leasehold Improvements	(186,783)	(44,456)
Net Cash Used in Investing Activities	(186,783)	(44,456)
Financing Activities
Distributions to Non-Controlling Interest Holders in Consolidated Entities	(969,606)	(727,228)
Contributions from Non-Controlling Interest Holders in Consolidated Entities	989,963	1,016,285
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	(461,759)	(694,550)
Proceeds from Loans Payable	2,036,264	1,973,969
Repayment and Repurchase of Loans Payable	(250,101)	0
Dividends/Distributions to Shareholders and Unitholders	(5,330,882)	(3,203,640)
Net Cash Used in Financing Activities	(4,033,001)	(1,686,530)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	(26,705)	(8,241)
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other
Net Increase	1,374,629	3,060,708
Beginning of Period	2,199,732	2,064,456
End of Period	3,574,361	5,125,164
Supplemental Disclosure of Cash Flows Information
Payments for Interest	221,155	154,162
Payments for Income Taxes	604,137	454,212
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Non-Cash Contributions from Non-Controlling Interest Holders	14,410	8,636
Notes Issuance Costs	18,423	16,991
Transfer of Interests to Non-Controlling Interest Holders	3,764	(3,693)
Change in Blackstone Inc.'s Ownership Interest	28,846	10,494
Net Settlement of Vested Common Stock	364,976	199,325
Conversion of Blackstone Holdings Units to Common Stock	45,582	108,909
Acquisition of Ownership Interests from Non-Controlling Interest Holders
Deferred Tax Asset	(102,947)	(278,795)
Due to Affiliates	89,856	248,347
Equity	$ 13,091	$ 30,448

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Cash and Cash Equivalents	$ 3,480,003	$ 2,119,738
Cash Held by Blackstone Funds and Other	94,358	79,994
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	$ 3,574,361	$ 2,199,732	$ 5,125,164	$ 2,064,456

Organization

Organization	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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. 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 certain 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 Investments, at Fair Value Generally, 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.” 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. The election is reassessed each reporting period to determine whether investments under the measurement alternative have readily determinable fair values, in which case they would no longer be eligible for this election. 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. 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 Strategic Partners’ results presented in Blackstone’s financial statements are reported on a three month 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 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 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 “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	9 Months Ended
	Sep. 30, 2022
Intangible Assets	3. Intangible Assets Intangible Assets, Net consists of the following: September 30, December 31, 2022 2021 Finite-Lived Intangible Assets/Contractual Rights $ 1,745,376 $ 1,745,376 Accumulated Amortization (1,513,280 ) (1,460,992 ) Intangible Assets, Net $ 232,096 $ 284,384 Amortization expense associated with Blackstone’s intangible assets was $14.9 million and $52.3 million for the three and nine month periods ended September 30, 2022, respectively, and $18.7 million and $56.2 million for the three and nine month periods ended September 30, 2021, respectively. Amortization of Intangible Assets held at September 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 September 30, 2022 are expected to amortize over a weighted-average period of 7.2 years.

Investments

Investments	9 Months Ended
	Sep. 30, 2022
Investments	4. Investments Investments consist of the following: September 30, December 31, 2022 2021 Investments of Consolidated Blackstone Funds $ 3,828,497 $ 2,018,829 Equity Method Investments Partnership Investments 5,566,645 5,635,212 Accrued Performance Allocations 12,938,888 17,096,873 Corporate Treasury Investments 799,016 658,066 Other Investments 3,123,102 3,256,063 $ 26,256,148 $ 28,665,043 Blackstone’s share of Investments of Consolidated Blackstone Funds totaled $444.5 million and $375.8 million at September 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Gains $ 17,083 $ 37,697 $ 128,952 $ 99,692 Net Change in Unrealized Gains (Losses) (30,603 ) 86,303 (216,198 ) 259,259 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds (13,520 ) 124,000 (87,246 ) 358,951 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 14,698 8,312 34,974 20,830 Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities $ 1,178 $ 132,312 $ (52,272 ) $ 379,781 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 $19.8 million and $469.0 million for the three months ended September 30, 2022 and 2021, respectively. Blackstone recognized net gains (losses) related to its equity method investments of $217.4 m 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 2,576,432 (544,705 ) 82,702 74,207 2,188,636 Foreign Exchange Loss (187,767 ) — — — (187,767 ) Impact of Consolidation 2,066 — — — 2,066 Fund Distributions (4,855,678 ) (1,095,032 ) (61,347 ) (148,863 ) (6,160,920 ) Accrued Performance Allocations, September 30, 2022 $ 6,006,807 $ 5,910,731 $ 477,760 $ 543,590 $ 12,938,888 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Gains (Losses) $ (2,857 ) $ (359 ) $ (23,474 ) $ 5,526 Net Change in Unrealized Gains (Losses) (16,196 ) 3,196 (63,779 ) 42,648 $ (19,053 ) $ 2,837 $ (87,253 ) $ 48,174 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 lock-up carrying value of $362.7 million as of September 30, 2022. In the period of acquisition and upon remeasurement in connection with an observable transaction, such investments are reported at fair value. See Note 8. “Fair Value Measurements of Financial Instruments” for additional detail. The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Gains $ 83,269 $ 100,289 $ 200,610 $ 129,711 Net Change in Unrealized Gains (Losses) (970,654 ) (51,380 ) (1,121,924 ) 234,187 $ (887,385 ) $ 48,909 $ (921,314 ) $ 363,898

Net Asset Value as Fair Value

Net Asset Value as Fair Value	9 Months Ended
	Sep. 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 September 30, 2022 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value (if currently eligible) Notice Period Equity $ 414,240 (b) (b) Real Estate 113,527 (c) (c) Credit Driven 26,790 (d) (d) Commodities 1,119 (e) (e) Diversified Instruments 17 (f) (f) $ 555,693 (a) As of September 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. Investments representing 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 52% of the fair value of the investments in this category are redeemable as 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 of Blackstone’s investments in the category. (c) The Real Estate category includes investments in funds that primarily invest in real estate assets. Investments representing 100% of fair value of the investments in this category are redeemable as of the reporting date. (d) The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. Investments representing 84% of the fair value of the investments in this category are in liquidation. The remaining 16% 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	9 Months Ended
	Sep. 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. September 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 $ 768,540 $ 235,304 $ 613,000 $ 72,813 $ 609,132 $ 143,349 $ 692,442 $ 138,677 Foreign Currency Contracts 350,407 20,472 518,732 20,804 217,161 1,858 572,643 6,143 Total Return Swaps 31,665 1,092 — — — — — — Credit Default Swaps 2,007 396 9,463 1,487 2,007 194 9,916 1,055 1,152,619 257,264 1,141,195 95,104 828,300 145,401 1,275,001 145,875 Investments of Consolidated Blackstone Funds Foreign Currency Contracts 115,331 3,094 — — 20,764 339 54,300 370 Interest Rate Contracts 551,842 78,200 — — — — 14,000 764 Credit Default Swaps 132 23 3,545 615 3,401 321 22,865 799 667,305 81,317 3,545 615 24,165 660 91,165 1,933 $ 1,819,924 $ 338,581 $ 1,144,740 $ 95,719 $ 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts $ 7,740 $ (4,181 ) $ 13,018 $ (2,883 ) Foreign Currency Contracts (2,206 ) (4,812 ) (6,981 ) (389 ) Credit Default Swaps (115 ) 10 13 (980 ) Total Return Swaps — 161 — (1,254 ) Other — — — (40 ) 5,419 (8,822 ) 6,050 (5,546 ) Net Change in Unrealized Gains (Losses) Interest Rate Contracts 113,623 27,025 221,300 72,210 Foreign Currency Contracts (22,626 ) 6,807 (25,232 ) 3,431 Credit Default Swaps 131 106 (289 ) 948 Total Return Swaps 526 — 526 2,130 Other — — — (20 ) 91,654 33,938 196,305 78,699 $ 97,073 $ 25,116 $ 202,355 $ 73,153 As of September 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	9 Months Ended
	Sep. 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: September 30, December 31, 2022 2021 Assets Loans and Receivables $ 543,397 $ 392,732 Equity and Preferred Securities 1,551,593 516,539 Debt Securities 144,010 183,877 $ 2,239,000 $ 1,093,148 Liabilities Corporate Treasury Commitments $ 9,872 $ 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 September 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 $ (3,246 ) $ 1,050 $ (2,631 ) $ (509 ) Equity and Preferred Securities 3,719 (45,301 ) 989 2,914 Debt Securities (5,056 ) (4,418 ) 909 (2,303 ) $ (4,583 ) $ (48,669 ) $ (733 ) $ 102 Liabilities Corporate Treasury Commitments $ — $ (1,175 ) $ — $ 80 Nine Months Ended September 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 $ (6,663 ) $ (4,309 ) $ (10,527 ) $ 4,574 Equity and Preferred Securities 16,020 (58,239 ) 19,433 43,315 Debt Securities (9,423 ) (32,627 ) 10,879 (6,538 ) $ (66 ) $ (95,175 ) $ 19,785 $ 41,351 Liabilities Corporate Treasury Commitments $ — $ (9,236 ) $ — $ (113 ) The following table presents information for those financial instruments for which the fair value option was elected: September 30, 2022 December 31, 2021 For Financial Assets For Financial Assets Past Due Past Due (Deficiency) (Deficiency) (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 $ (7,061 ) $ — $ — $ (2,748 ) $ — $ — Debt Securities (63,609 ) 1,830 (244 ) (29,475 ) — — $ (70,670 ) $ 1,830 $ (244 ) $ (32,223 ) $ — $ — As of September 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	9 Months Ended
	Sep. 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: September 30, 2022 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 296,066 $ — $ — $ — $ 296,066 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 44,358 113,964 2,670,684 550,304 3,379,310 Debt Instruments 936 214,839 152,095 — 367,870 Freestanding Derivatives — 81,317 — — 81,317 Total Investments of Consolidated Blackstone Funds 45,294 410,120 2,822,779 550,304 3,828,497 Corporate Treasury Investments 113,924 680,925 4,167 — 799,016 Other Investments (b) 1,460,605 1,272,568 35,028 5,389 2,773,590 Total Investments 1,619,823 2,363,613 2,861,974 555,693 7,401,103 Accounts Receivable - Loans and Receivables — — 543,397 — 543,397 Other Assets - Freestanding Derivatives 2,084 254,088 1,092 — 257,264 $ 1,917,973 $ 2,617,701 $ 3,406,463 $ 555,693 $ 8,497,830 Liabilities Securities Sold, Not Yet Purchased $ 3,812 $ 22,971 $ — $ — $ 26,783 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 615 — — 615 Freestanding Derivatives 260 94,844 — — 95,104 Corporate Treasury Commitments (c) — — 9,872 — 9,872 Total Accounts Payable, Accrued Expenses and Other Liabilities 260 95,459 9,872 — 105,591 $ 4,072 $ 118,430 $ 9,872 $ — $ 132,374 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 (b) 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 (c) — — 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) Other Investments includes Blackstone’s ownership of common stock of (c) Corporate Treasury Commitments are measured using third party pricing. The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of September 30, 2022: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Equity Securities, Partnership and LLC Interests $ 2,670,684 Discounted Cash Flows Discount Rate 4.1 % - 37.9 % 8.6 % Lower Exit Multiple - EBITDA 4.0 x - 31.4 x 15.1 x Higher Exit Capitalization Rate 2.8 % - 14.5 % 4.5 % Lower Debt Instruments 152,095 Third Party Pricing n/a Transaction Price n/a Total Investments of Consolidated Blackstone Funds 2,822,779 Corporate Treasury Investments 4,167 Third Party Pricing n/a Loans and Receivables 543,397 Discounted Cash Flows Discount Rate 6.6 % - 11.6 % 9.6 % Lower Other Investments (b) 36,120 Third Party Pricing n/a Transaction Price n/a $ 3,406,463 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. (b) As of September 30, 2022, Other Investments includes Level III Freestanding Derivatives. For the nine months ended September 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 ha non-recurring Level III Financial Assets at Fair Value Three Months Ended September 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 $ 2,791,812 $ 534,105 $ 38,603 $ 3,364,520 $ 982,984 $ 223,796 $ 73,475 $ 1,280,255 Transfer In Due to Consolidation and Acquisition — — — — — — — — Transfer Into Level III (b) 2,466 — 1,610 4,076 — — 8,018 8,018 Transfer Out of Level III (b) (6,293 ) — (4,043 ) (10,336 ) (18,239 ) — (14,400 ) (32,639 ) Purchases 195,133 229,502 1,124 425,759 85,581 326,937 191,610 604,128 Sales (2,280 ) (217,173 ) (51 ) (219,504 ) (56,063 ) (333,041 ) (13,250 ) (402,354 ) Issuances — 6,437 — 6,437 — 24,138 — 24,138 Settlements — (12,688 ) 566 (12,122 ) — (1,093 ) — (1,093 ) Changes in Gains (Losses) Included in Earnings (158,059 ) 3,214 1,577 (153,268 ) 104,691 (971 ) 1,950 105,670 Balance, End of Period $ 2,822,779 $ 543,397 $ 39,386 $ 3,405,562 $ 1,098,954 $ 239,766 $ 247,403 $ 1,586,123 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (53,588 ) $ (3,010 ) $ 1,591 $ (55,007 ) $ 96,160 $ (3,732 ) $ 1,940 $ 94,368 Level III Financial Assets at Fair Value Nine Months Ended September 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) 2,518 — 2,517 5,035 302 — 8,018 8,320 Transfer Out of Level III (b) (111,824 ) — (4,043 ) (115,867 ) (105,547 ) — (14,400 ) (119,947 ) Purchases 522,941 674,286 8,622 1,205,849 265,947 683,700 225,070 1,174,717 Sales (169,710 ) (522,198 ) (2,864 ) (694,772 ) (178,397 ) (1,034,253 ) (19,414 ) (1,232,064 ) Issuances — 30,336 — 30,336 — 43,478 — 43,478 Settlements (c) — (34,706 ) 566 (34,140 ) — (46,649 ) — (46,649 ) Changes in Gains (Losses) Included in Earnings (156,632 ) 2,947 (9,399 ) (163,084 ) 258,339 12,411 1,971 272,721 Balance, End of Period $ 2,822,779 $ 543,397 $ 39,386 $ 3,405,562 $ 1,098,954 $ 239,766 $ 247,403 $ 1,586,123 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (41,596 ) $ (10,940 ) $ (9,476 ) $ (62,012 ) $ 222,541 $ (6,842 ) $ 1,919 $ 217,618 (a) Represents freestanding derivatives, 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. (c) For Freestanding Derivatives included within Other Investments, Settlements includes all ongoing contractual cash payments made or received over the life of the instrument.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 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 lo non-consolidated erfo non-consolidated September 30, December 31, 2022 2021 Investments $ 3,290,254 $ 3,337,757 Due from Affiliates 374,215 179,939 Potential Clawback Obligation 53,776 44,327 Maximum Exposure to Loss $ 3,718,245 $ 3,562,023 Amounts Due to Non-Consolidated $ 107 $ 105

Repurchase Agreements

Repurchase Agreements	9 Months Ended
	Sep. 30, 2022
Repurchase Agreements	10. Repurchase Agreements At September 30, 2022 and December 31, 2021, Blackstone pledged securities with a carrying value of $313.1 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: September 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 $ — $ 170,879 $ 142,259 $ — $ 313,138 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities” $ 313,138 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 $ —

Offsetting of Assets And Liabil

Offsetting of Assets And Liabilities	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021: September 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 $ 338,336 $ 153,019 $ 163,357 $ 21,960 September 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 $ 95,719 $ 78,779 $ 2,082 $ 14,858 Repurchase Agreements 313,138 313,138 — — $ 408,857 $ 391,917 $ 2,082 $ 14,858 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: September 30, December 31, 2022 2021 Furniture, Equipment and Leasehold Improvements, Net $ 387,066 $ 244,608 Prepaid Expenses 123,646 92,359 Freestanding Derivatives 257,264 145,401 Other 17,818 10,568 $ 785,794 $ 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 September 30, 2022, the aggregate cash balance on deposit relating to the cash pooling arrangements was $1.3 billion, which was offset and reported net of the accompanying overdraft of $1.3 billion.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2022
Borrowings	12. Borrowings On November 3, 2022, Blackstone, through its indirect subsidiary Blackstone Holdings Finance Co. L.L.C. (the “Issuer”), issued $600 million aggregate principal amount of 5.900% 6.200% (the “2033 Notes” and, together with the 2027 Notes, the “Notes”). The Notes accrue All of Blackstone’s outstanding senior notes, including the 2027 Notes and the 2033 Notes, 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 are capitalized and are amortized over the life of each respective note. Blackstone, through the Issuer, has a billion revolving credit facility with Citibank, N.A., as administrative agent, and the lenders party thereto that matures on The following table presents the general characteristics of each of Blackstone’s notes as of September 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. September 30, 2022 December 31, 2021 Carrying Fair Carrying Fair Senior Notes Value Value (a) Value Value (a) 4.750%, Due 2/15/2023 $ 399,518 $ 400,004 $ 398,581 $ 415,880 2.000%, Due 5/19/2025 297,850 284,103 338,275 362,078 1.000%, Due 10/5/2026 588,643 527,555 675,867 700,892 3.150%, Due 10/2/2027 298,009 269,586 297,738 317,610 1.625%, Due 8/5/2028 644,221 526,682 643,251 629,265 1.500%, Due 4/10/2029 591,300 498,802 678,085 720,062 2.500%, Due 1/10/2030 492,367 408,570 491,662 507,350 1.600%, Due 3/30/2031 495,877 368,685 495,541 467,750 2.000%, Due 1/30/2032 787,785 592,639 786,690 767,920 2.550%, Due 3/30/2032 495,093 393,590 — — 3.500%, Due 6/1/2034 461,319 429,450 — — 6.250%, Due 8/15/2042 239,109 251,298 238,914 361,775 5.000%, Due 6/15/2044 489,638 446,945 489,446 648,500 4.450%, Due 7/15/2045 344,514 289,174 344,412 426,195 4.000%, Due 10/2/2047 290,883 235,596 290,730 347,370 3.500%, Due 9/10/2049 392,216 286,052 392,089 431,240 2.800%, Due 9/30/2050 393,923 240,148 393,818 382,880 2.850%, Due 8/5/2051 543,123 334,945 542,963 531,355 3.200%, Due 1/30/2052 987,065 647,630 — — $ 9,232,453 $ 7,431,454 $ 7,498,062 $ 8,018,122 (a) Effective September 30, 2022, fair value is determined by third party pricing services. Prior to this date, fair value was determined by broker quote and under both techniques, these notes would be classified as Level II within the fair value hierarchy. Scheduled principal payments for borrowings as of September 30, 2022 were as follows: Operating Blackstone Fund Total Borrowings Facilities Borrowings 2022 $ — $ — $ — 2023 400,000 — 400,000 2024 — — — 2025 294,060 30,627 324,687 2026 588,120 — 588,120 Thereafter 8,078,220 — 8,078,220 $ 9,360,400 $ 30,627 $ 9,391,027

Income Taxes

Income Taxes	9 Months Ended
	Sep. 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 September 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2022 and 2021 was calculated as follows: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted $ 2,296 $ 1,401,895 $ 1,189,777 $ 4,458,919 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 742,345,646 722,229,117 739,963,370 717,516,302 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 149,886 203,982 308,877 402,113 Weighted-Average Shares of Common Stock Outstanding, Diluted 742,495,532 722,433,099 740,272,247 717,918,415 Net Income Per Share of Common Stock Basic $ — $ 1.94 $ 1.61 $ 6.21 Diluted $ — $ 1.94 $ 1.61 $ 6.21 Dividends Declared Per Share of Common Stock (a) $ 1.27 $ 0.70 $ 4.04 $ 2.48 (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 nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Weighted-Average Blackstone Holdings Partnership Units 465,522,745 484,991,263 466,703,389 488,880,363 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 September 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 nine months ended September 30, 2022, Blackstone repurchased 2.0 million and 3.9 million shares of common stock at a total cost of $196.6 million and $392.0 million, respectively. During the three and nine months ended September 30, 2021, Blackstone repurchased 2.9 million and 6.0 million million and $644.9 million, respectively. Shares Eligible for Dividends and Distributions As of September 30, 2022, the total shares of common stock and Blackstone Holdings Partnership Units entitled distributions Shares/Units Common Stock Outstanding (a) 708,995,155 Unvested Participating Common Stock 32,557,230 Total Participating Common Stock 741,552,385 Participating Blackstone Holdings Partnership Units 464,951,386 1,206,503,771 (a) Common Stock Outstanding differs from the Condensed Consolidated Statement of Financial Condition due to effect of share repurchases that were initiated before September 30, 2022, but were not retired until after September 30, 2022.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 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 nine months ended September 30, 2022, Blackstone recorded compensation expense of $206.6 million and $636.5 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $54.6 million and $127.5 million, respectively. For the three and nine months ended September 30, 2021, Blackstone recorded compensation expense of $148.7 million and $454.1 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $19.4 million and $60.1 million, respectively. As of September 30, 2022, there was $2.0 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 3.7 years. Total vested and unvested outstanding shares, including common stock, Blackstone Holdings Partnership Units and deferred restricted shares of common stock, were 1,206,688,359 as of September 30, 2022. Total outstanding phantom shares were 60,899 as of September 30, 2022. A summary of the status of Blackstone’s unvested equity-based awards as of September 30, 2022 and of changes during the period January 1, 2022 through September 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 — — 11,465,069 126.99 28,130 125.93 Vested (4,784,333 ) 36.35 (5,973,900 ) 61.10 (4,111 ) 62.72 Forfeited (116,197 ) 38.24 (808,862 ) 75.67 (46,412 ) 130.22 Balance, September 30, 2022 12,443,798 $ 37.71 31,220,120 $ 82.66 51,188 $ 94.15 Shares/Units Expected to Vest The following unvested shares and units, after expected forfeitures, as of September 30, 2022, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 11,968,951 1.4 Deferred Restricted Shares of Common Stock 27,060,245 3.2 Total Equity-Based Awards 39,029,196 2.7 Phantom Shares 41,021 3.2

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions	16. Related Party Transactions Affiliate Receivables and Payables Due from Affiliates and Due to Affiliates consisted of the following: September 30, December 31, 2022 2021 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated $ 3,160,945 $ 3,519,945 Due from Certain Non-Controlling 824,535 1,099,899 Accrual for Potential Clawback of Previously Distributed Performance Allocations 44,010 37,023 $ 4,029,490 $ 4,656,867 September 30, December 31, 2022 2021 Due to Affiliates Due to Certain Non-Controlling $ 1,600,749 $ 1,558,393 Due to Non-Consolidated 166,191 181,341 Due to Certain Non-Controlling 191,135 77,664 Accrual for Potential Repayment of Previously Received Performance Allocations 102,816 88,700 $ 2,060,891 $ 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 September 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 $1.9 million and $1.0 million for the three months ended September 30, 2022 and 2021, respectively, and $5.7 million and $4.2 million for the nine months ended September 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	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies	17. Commitments and Contingencies Commitments Investment Commitments Blackstone had $5.0 billion of investment commitments as of September 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 $198.2 million as of September 30, 2022, which includes $49.8 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 $16.7 million as of September 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 September 30, 2022 was $82.5 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. On August 25, 2022, KRS was ordered to disclose, and on September 6, 2022, did disclose, a report prepared in 2021 by a law firm retained by KRS to conduct an investigation into the investment activities underlying the lawsuit. According to the report, the investigators “did not find any violations of fiduciary duty or illegal activity by [BLP]” related to KRS’s due diligence and retention of BLP or KRS’s continued investment with BLP. The report quotes contemporaneous communications by KRS staff during the period of the investment recognizing that BLP was exceeding KRS’s returns benchmark, that BLP was providing KRS with “far fewer negative months than any liquid market comparable,” and that BLP “[h]as killed it.” 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 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 s u investments. The following table presents the clawback obligations by segment: September 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 $ 32,831 $ 19,106 $ 51,937 $ 34,080 $ 20,186 $ 54,266 Private Equity 13,401 10,142 23,543 5,158 2,196 7,354 Credit & Insurance 12,605 14,731 27,336 12,439 14,641 27,080 $ 58,837 $ 43,979 $ 102,816 $ 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 September 30, 2022, $1.2 billion was held in segregated accounts for the purpose of meeting any clawback obligations of current and former personnel if such payments are required. 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 September 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 $6.0 billion, on an after-tax remote.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 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 • 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 Blackstone’s 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 Segment Presentation The following tables present the financial data for Blackstone’s four segments for the three months ended Three Months Ended September 30, 2022 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 610,606 $ 466,474 $ 138,818 $ 312,663 $ 1,528,561 Transaction, Advisory and Other Fees, Net 54,342 24,313 581 10,629 89,865 Management Fee Offsets (1,842 ) (3,634 ) (57 ) (1,323 ) (6,856 ) Total Management and Advisory Fees, Net 663,106 487,153 139,342 321,969 1,611,570 Fee Related Performance Revenues 260,003 — — 112,128 372,131 Fee Related Compensation (239,572 ) (142,381 ) (40,895 ) (135,420 ) (558,268 ) Other Operating Expenses (74,701 ) (76,138 ) (26,599 ) (68,696 ) (246,134 ) Fee Related Earnings 608,836 268,634 71,848 229,981 1,179,299 Realized Performance Revenues 142,794 309,326 4,430 12,459 469,009 Realized Performance Compensation (33,464 ) (164,531 ) (3,237 ) (4,992 ) (206,224 ) Realized Principal Investment Income 45,297 38,015 9,460 46,993 139,765 Total Net Realizations 154,627 182,810 10,653 54,460 402,550 Total Segment Distributable Earnings $ 763,463 $ 451,444 $ 82,501 $ 284,441 $ 1,581,849 Three Months Ended September 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 485,308 $ 370,083 $ 154,884 $ 197,591 1,207,866 Transaction, Advisory and Other Fees, Net 53,876 50,241 2,535 8,132 114,784 Management Fee Offsets (446 ) 10 (255 ) (1,884 ) (2,575 ) Total Management and Advisory Fees, Net 538,738 420,334 157,164 203,839 1,320,075 Fee Related Performance Revenues 35,625 — — 37,688 73,313 Fee Related Compensation (137,313 ) (139,211 ) (35,092 ) (107,865 ) (419,481 ) Other Operating Expenses (61,398 ) (56,792 ) (25,476 ) (51,276 ) (194,942 ) Fee Related Earnings 375,652 224,331 96,596 82,386 778,965 Realized Performance Revenues 495,727 988,331 7,271 6,148 1,497,477 Realized Performance Compensation (199,100 ) (417,386 ) (1,443 ) (1,145 ) (619,074 ) Realized Principal Investment Income 42,677 77,570 14,943 15,820 151,010 Total Net Realizations 339,304 648,515 20,771 20,823 1,029,413 Total Segment Distributable Earnings $ 714,956 $ 872,846 $ 117,367 $ 103,209 1,808,378 The following tables present the financial data for Blackstone’s four segments as of September 30, 2022 and for the nine months ended September 30, 2022 and 2021: September 30, 2022 and the Nine Months Then Ended Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 1,802,543 $ 1,321,405 $ 428,941 $ 911,697 $ 4,464,586 Transaction, Advisory and Other Fees, Net 141,801 64,522 5,500 27,143 238,966 Management Fee Offsets (3,491 ) (53,933 ) (166 ) (4,107 ) (61,697 ) Total Management and Advisory Fees, Net 1,940,853 1,331,994 434,275 934,733 4,641,855 Fee Related Performance Revenues 1,017,027 (648 ) — 260,410 1,276,789 Fee Related Compensation (858,307 ) (446,053 ) (145,993 ) (399,799 ) (1,850,152 ) Other Operating Expenses (229,033 ) (227,115 ) (75,849 ) (189,745 ) (721,742 ) Fee Related Earnings 1,870,540 658,178 212,433 605,599 3,346,750 Realized Performance Revenues 2,943,430 882,448 40,540 122,175 3,988,593 Realized Performance Compensation (1,154,897 ) (428,614 ) (14,320 ) (54,487 ) (1,652,318 ) Realized Principal Investment Income 128,388 112,357 22,831 76,793 340,369 Total Net Realizations 1,916,921 566,191 49,051 144,481 2,676,644 Total Segment Distributable Earnings $ 3,787,461 $ 1,224,369 $ 261,484 $ 750,080 $ 6,023,394 Segment Assets $ 14,156,922 $ 14,185,968 $ 2,709,389 $ 6,147,667 $ 37,199,946 Nine Months Ended September 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 1,366,158 $ 1,112,349 $ 460,661 $ 526,039 $ 3,465,207 Transaction, Advisory and Other Fees, Net 117,975 125,220 8,439 19,915 271,549 Management Fee Offsets (2,562 ) (17,510 ) (516 ) (5,146 ) (25,734 ) Total Management and Advisory Fees, Net 1,481,571 1,220,059 468,584 540,808 3,711,022 Fee Related Performance Revenues 224,793 — — 66,577 291,370 Fee Related Compensation (447,762 ) (416,575 ) (112,580 ) (263,059 ) (1,239,976 ) Other Operating Expenses (160,520 ) (168,888 ) (66,521 ) (142,615 ) (538,544 ) Fee Related Earnings 1,098,082 634,596 289,483 201,711 2,223,872 Realized Performance Revenues 935,418 1,627,186 55,900 73,234 2,691,738 Realized Performance Compensation (376,790 ) (687,970 ) (13,977 ) (29,532 ) (1,108,269 ) Realized Principal Investment Income 171,626 220,769 52,618 67,285 512,298 Total Net Realizations 730,254 1,159,985 94,541 110,987 2,095,767 Total Segment Distributable Earnings $ 1,828,336 $ 1,794,581 $ 384,024 $ 312,698 $ 4,319,639 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 nine months ended September 30, 2022 and 2021 along with Total Assets as of September 30, 2022: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Revenues Total GAAP Revenues $ 1,058,114 $ 6,224,265 $ 6,813,614 $ 16,814,491 Less: Unrealized Performance Revenues (a) 771,637 (2,724,366 ) 2,946,255 (7,886,033 ) Less: Unrealized Principal Investment Loss (b) 996,105 2,343 1,172,635 (526,249 ) Less: Interest and Dividend Revenue (c) (57,462 ) (35,535 ) (178,090 ) (99,878 ) Less: Other Revenue (d) (198,546 ) (64,109 ) (427,069 ) (152,252 ) Impact of Consolidation (e) 23,373 (398,786 ) (79,124 ) (980,178 ) Transaction-Related Charges (f) (1,264 ) 36,797 (2,714 ) 33,186 Intersegment Eliminations 518 1,266 2,099 3,341 Total Segment Revenue (g) $ 2,592,475 $ 3,041,875 $ 10,247,606 $ 7,206,428 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Expenses Total GAAP Expenses $ 961,361 $ 2,654,359 $ 3,902,496 $ 6,978,136 Less: Unrealized Performance Allocations Compensation (h) 359,590 (1,193,853 ) 1,273,849 (3,394,041 ) Less: Equity-Based Compensation (i) (190,197 ) (129,254 ) (587,386 ) (394,948 ) Less: Interest Expense (j) (80,312 ) (51,773 ) (216,339 ) (140,245 ) Impact of Consolidation (e) (14,125 ) (5,320 ) (33,325 ) (17,067 ) Amortization of Intangibles (k) (13,238 ) (17,044 ) (47,326 ) (51,212 ) Transaction-Related Charges (f) (10,511 ) (22,396 ) (62,435 ) (89,428 ) Administrative Fee Adjustment (l) (2,460 ) (2,488 ) (7,421 ) (7,747 ) Intersegment Eliminations 518 1,266 2,099 3,341 Total Segment Expenses (m) $ 1,010,626 $ 1,233,497 $ 4,224,212 $ 2,886,789 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Other Income Total GAAP Other Income $ 1,178 $ 94,991 $ (51,524 ) $ 344,978 Impact of Consolidation (e) (1,178 ) (94,991 ) 51,524 (344,978 ) Total Segment Other Income $ — $ — $ — $ — Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes $ 97,931 $ 3,664,897 $ 2,859,594 $ 10,181,333 Less: Unrealized Performance Revenues (a) 771,637 (2,724,366 ) 2,946,255 (7,886,033 ) Less: Unrealized Principal Investment Loss (b) 996,105 2,343 1,172,635 (526,249 ) Less: Interest and Dividend Revenue (c) (57,462 ) (35,535 ) (178,090 ) (99,878 ) Less: Other Revenue (d) (198,546 ) (64,109 ) (427,069 ) (152,252 ) Plus: Unrealized Performance Allocations Compensation (h) (359,590 ) 1,193,853 (1,273,849 ) 3,394,041 Plus: Equity-Based Compensation (i) 190,197 129,254 587,386 394,948 Plus: Interest Expense (j) 80,312 51,773 216,339 140,245 Impact of Consolidation (e) 36,320 (488,457 ) 5,725 (1,308,089 ) Amortization of Intangibles (k) 13,238 17,044 47,326 51,212 Transaction-Related Charges (f) 9,247 59,193 59,721 122,614 Administrative Fee Adjustment (l) 2,460 2,488 7,421 7,747 Total Segment Distributable Earnings $ 1,581,849 $ 1,808,378 $ 6,023,394 $ 4,319,639 As of September 30, 2022 Total Assets Total GAAP Assets $ 40,259,321 Impact of Consolidation (e) (3,059,375 ) Total Segment Assets $ 37,199,946 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 September 30, 2022 and 2021, Other Revenue on a GAAP basis was $199.4 million and $64.2 million, and included $198.4 million and $63.5 million of foreign exchange gains, respectively. For the nine months ended September 30, 2022 and 2021, Other Revenue on a GAAP basis was $427.8 million and $152.4 million, and included $426.7 million and $150.4 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Total Segment Management and Advisory Fees, Net $ 1,611,570 $ 1,320,075 $ 4,641,855 $ 3,711,022 Total Segment Fee Related Performance Revenues 372,131 73,313 1,276,789 291,370 Total Segment Realized Performance Revenues 469,009 1,497,477 3,988,593 2,691,738 Total Segment Realized Principal Investment Income 139,765 151,010 340,369 512,298 Total Segment Revenues $ 2,592,475 $ 3,041,875 $ 10,247,606 $ 7,206,428 (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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Total Segment Fee Related Compensation $ 558,268 $ 419,481 $ 1,850,152 $ 1,239,976 Total Segment Realized Performance Compensation 206,224 619,074 1,652,318 1,108,269 Total Segment Other Operating Expenses 246,134 194,942 721,742 538,544 Total Segment Expenses $ 1,010,626 $ 1,233,497 $ 4,224,212 $ 2,886,789 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 s Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Management and Advisory Fees, Net GAAP $ 1,617,754 $ 1,320,795 $ 4,654,877 $ 3,711,159 Segment Adjustment (a) (6,184 ) (720 ) (13,022 ) (137 ) Total Segment $ 1,611,570 $ 1,320,075 $ 4,641,855 $ 3,711,022 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees $ 110,776 $ 48,206 $ 314,863 $ 117,537 Investment Income - Realized Performance Allo c 725,888 1,522,495 4,946,043 2,865,482 GAAP 836,664 1,570,701 5,260,906 2,983,019 Total Segment Less: Realized Performance Revenues (469,009 ) (1,497,477 ) (3,988,593 ) (2,691,738 ) Segment Adjustment 4,476 89 4,476 89 Total Segment $ 372,131 $ 73,313 $ 1,276,789 $ 291,370 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation 600,273 536,199 1,942,790 1,585,941 Incentive Fee Compensation 50,355 21,007 136,737 48,763 Realized Performance Allocations Compensation 313,930 631,632 2,067,447 1,192,082 GAAP 964,558 1,188,838 4,146,974 2,826,786 Total Segment Less: Realized Performance Compensation (206,224 ) (619,074 ) (1,652,318 ) (1,108,269 ) Less: Equity-Based Compensation - Fee Related Compensation (187,873 ) (127,442 ) (580,029 ) (388,607 ) Less: Equity-Based Compensation - Performance Compensation (2,324 ) (1,812 ) (7,357 ) (6,341 ) Segment Adjustment (b) (9,869 ) (21,029 ) (57,118 ) (83,593 ) Total Segment 558,268 419,481 1,850,152 1,239,976 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP 270,369 217,995 800,331 608,174 Segment Adjustment (c) (24,235 ) (23,053 ) (78,589 ) (69,630 ) Total Segment 246,134 194,942 721,742 538,544 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Performance Revenues GAAP Incentive Fees 110,776 48,206 314,863 117,537 Investment Income - Realized Performance Allocations 725,888 1,522,495 4,946,043 2,865,482 GAAP 836,664 1,570,701 5,260,906 2,983,019 Total Segment Less: Fee Related Performance Revenu e (372,131 ) (73,313 ) (1,276,789 ) (291,370 ) Segment Adjustme n 4,476 89 4,476 89 Total Segment 469,009 1,497,477 3,988,593 2,691,738 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Performance Compensation GAAP Incentive Fee Compensation 50,355 21,007 136,737 48,763 Realized Performance Allocation Compensation 313,930 631,632 2,067,447 1,192,082 GAAP 364,285 652,639 2,204,184 1,240,845 Total Segment Less: Fee Related Performance Compensation (d) (155,737 ) (31,753 ) (544,509 ) (126,235 ) Less: Equity-Based Compensation - Performance Compensation (2,324 ) (1,812 ) (7,357 ) (6,341 ) Total Segment 206,224 619,074 1,652,318 1,108,269 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Principal Investment Income GAAP 193,228 325,414 743,493 832,512 Segment Adjustment (e) (53,463 ) (174,404 ) (403,124 ) (320,214 ) Total Segment 139,765 151,010 340,369 512,298 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	9 Months Ended
	Sep. 30, 2022
Subsequent Events	19. Subsequent Events On November 3, 2022, Blackstone issued $600 million aggregate principal amount of 5.900% 6.200%

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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.
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. 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 certain 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
Investments, at Fair Value	Investments, at Fair Value Generally, 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.” 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. The election is reassessed each reporting period to determine whether investments under the measurement alternative have readily determinable fair values, in which case they would no longer be eligible for this election. 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.
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 Strategic Partners’ results presented in Blackstone’s financial statements are reported on a three month
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 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 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 “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)	9 Months Ended
	Sep. 30, 2022
Intangible Assets, Net	Intangible Assets, Net consists of the following: September 30, December 31, 2022 2021 Finite-Lived Intangible Assets/Contractual Rights $ 1,745,376 $ 1,745,376 Accumulated Amortization (1,513,280 ) (1,460,992 ) Intangible Assets, Net $ 232,096 $ 284,384

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Investments	Investments consist of the following: September 30, December 31, 2022 2021 Investments of Consolidated Blackstone Funds $ 3,828,497 $ 2,018,829 Equity Method Investments Partnership Investments 5,566,645 5,635,212 Accrued Performance Allocations 12,938,888 17,096,873 Corporate Treasury Investments 799,016 658,066 Other Investments 3,123,102 3,256,063 $ 26,256,148 $ 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Gains $ 17,083 $ 37,697 $ 128,952 $ 99,692 Net Change in Unrealized Gains (Losses) (30,603 ) 86,303 (216,198 ) 259,259 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds (13,520 ) 124,000 (87,246 ) 358,951 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 14,698 8,312 34,974 20,830 Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities $ 1,178 $ 132,312 $ (52,272 ) $ 379,781
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 2,576,432 (544,705 ) 82,702 74,207 2,188,636 Foreign Exchange Loss (187,767 ) — — — (187,767 ) Impact of Consolidation 2,066 — — — 2,066 Fund Distributions (4,855,678 ) (1,095,032 ) (61,347 ) (148,863 ) (6,160,920 ) Accrued Performance Allocations, September 30, 2022 $ 6,006,807 $ 5,910,731 $ 477,760 $ 543,590 $ 12,938,888
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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Gains (Losses) $ (2,857 ) $ (359 ) $ (23,474 ) $ 5,526 Net Change in Unrealized Gains (Losses) (16,196 ) 3,196 (63,779 ) 42,648 $ (19,053 ) $ 2,837 $ (87,253 ) $ 48,174
Realized and Net Change in Unrealized Gains in Other Investments	The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Gains $ 83,269 $ 100,289 $ 200,610 $ 129,711 Net Change in Unrealized Gains (Losses) (970,654 ) (51,380 ) (1,121,924 ) 234,187 $ (887,385 ) $ 48,909 $ (921,314 ) $ 363,898

Net Asset Value as Fair Value (

Net Asset Value as Fair Value (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value (if currently eligible) Notice Period Equity $ 414,240 (b) (b) Real Estate 113,527 (c) (c) Credit Driven 26,790 (d) (d) Commodities 1,119 (e) (e) Diversified Instruments 17 (f) (f) $ 555,693 (a) As of September 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. Investments representing 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 52% of the fair value of the investments in this category are redeemable as 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 of Blackstone’s investments in the category. (c) The Real Estate category includes investments in funds that primarily invest in real estate assets. Investments representing 100% of fair value of the investments in this category are redeemable as of the reporting date. (d) The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. Investments representing 84% of the fair value of the investments in this category are in liquidation. The remaining 16% 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)	9 Months Ended
	Sep. 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. September 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 $ 768,540 $ 235,304 $ 613,000 $ 72,813 $ 609,132 $ 143,349 $ 692,442 $ 138,677 Foreign Currency Contracts 350,407 20,472 518,732 20,804 217,161 1,858 572,643 6,143 Total Return Swaps 31,665 1,092 — — — — — — Credit Default Swaps 2,007 396 9,463 1,487 2,007 194 9,916 1,055 1,152,619 257,264 1,141,195 95,104 828,300 145,401 1,275,001 145,875 Investments of Consolidated Blackstone Funds Foreign Currency Contracts 115,331 3,094 — — 20,764 339 54,300 370 Interest Rate Contracts 551,842 78,200 — — — — 14,000 764 Credit Default Swaps 132 23 3,545 615 3,401 321 22,865 799 667,305 81,317 3,545 615 24,165 660 91,165 1,933 $ 1,819,924 $ 338,581 $ 1,144,740 $ 95,719 $ 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts $ 7,740 $ (4,181 ) $ 13,018 $ (2,883 ) Foreign Currency Contracts (2,206 ) (4,812 ) (6,981 ) (389 ) Credit Default Swaps (115 ) 10 13 (980 ) Total Return Swaps — 161 — (1,254 ) Other — — — (40 ) 5,419 (8,822 ) 6,050 (5,546 ) Net Change in Unrealized Gains (Losses) Interest Rate Contracts 113,623 27,025 221,300 72,210 Foreign Currency Contracts (22,626 ) 6,807 (25,232 ) 3,431 Credit Default Swaps 131 106 (289 ) 948 Total Return Swaps 526 — 526 2,130 Other — — — (20 ) 91,654 33,938 196,305 78,699 $ 97,073 $ 25,116 $ 202,355 $ 73,153

Fair Value Option (Tables)

Fair Value Option (Tables)	9 Months Ended
	Sep. 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: September 30, December 31, 2022 2021 Assets Loans and Receivables $ 543,397 $ 392,732 Equity and Preferred Securities 1,551,593 516,539 Debt Securities 144,010 183,877 $ 2,239,000 $ 1,093,148 Liabilities Corporate Treasury Commitments $ 9,872 $ 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 September 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 $ (3,246 ) $ 1,050 $ (2,631 ) $ (509 ) Equity and Preferred Securities 3,719 (45,301 ) 989 2,914 Debt Securities (5,056 ) (4,418 ) 909 (2,303 ) $ (4,583 ) $ (48,669 ) $ (733 ) $ 102 Liabilities Corporate Treasury Commitments $ — $ (1,175 ) $ — $ 80 Nine Months Ended September 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 $ (6,663 ) $ (4,309 ) $ (10,527 ) $ 4,574 Equity and Preferred Securities 16,020 (58,239 ) 19,433 43,315 Debt Securities (9,423 ) (32,627 ) 10,879 (6,538 ) $ (66 ) $ (95,175 ) $ 19,785 $ 41,351 Liabilities Corporate Treasury Commitments $ — $ (9,236 ) $ — $ (113 )
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: September 30, 2022 December 31, 2021 For Financial Assets For Financial Assets Past Due Past Due (Deficiency) (Deficiency) (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 $ (7,061 ) $ — $ — $ (2,748 ) $ — $ — Debt Securities (63,609 ) 1,830 (244 ) (29,475 ) — — $ (70,670 ) $ 1,830 $ (244 ) $ (32,223 ) $ — $ —

Fair Value Measurements of Fi_2

Fair Value Measurements of Financial Instruments (Tables)	9 Months Ended
	Sep. 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: September 30, 2022 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 296,066 $ — $ — $ — $ 296,066 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 44,358 113,964 2,670,684 550,304 3,379,310 Debt Instruments 936 214,839 152,095 — 367,870 Freestanding Derivatives — 81,317 — — 81,317 Total Investments of Consolidated Blackstone Funds 45,294 410,120 2,822,779 550,304 3,828,497 Corporate Treasury Investments 113,924 680,925 4,167 — 799,016 Other Investments (b) 1,460,605 1,272,568 35,028 5,389 2,773,590 Total Investments 1,619,823 2,363,613 2,861,974 555,693 7,401,103 Accounts Receivable - Loans and Receivables — — 543,397 — 543,397 Other Assets - Freestanding Derivatives 2,084 254,088 1,092 — 257,264 $ 1,917,973 $ 2,617,701 $ 3,406,463 $ 555,693 $ 8,497,830 Liabilities Securities Sold, Not Yet Purchased $ 3,812 $ 22,971 $ — $ — $ 26,783 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 615 — — 615 Freestanding Derivatives 260 94,844 — — 95,104 Corporate Treasury Commitments (c) — — 9,872 — 9,872 Total Accounts Payable, Accrued Expenses and Other Liabilities 260 95,459 9,872 — 105,591 $ 4,072 $ 118,430 $ 9,872 $ — $ 132,374 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 (b) 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 (c) — — 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) Other Investments includes Blackstone’s ownership of common stock of (c) Corporate Treasury Commitments are measured using third party pricing.
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 September 30, 2022: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Equity Securities, Partnership and LLC Interests $ 2,670,684 Discounted Cash Flows Discount Rate 4.1 % - 37.9 % 8.6 % Lower Exit Multiple - EBITDA 4.0 x - 31.4 x 15.1 x Higher Exit Capitalization Rate 2.8 % - 14.5 % 4.5 % Lower Debt Instruments 152,095 Third Party Pricing n/a Transaction Price n/a Total Investments of Consolidated Blackstone Funds 2,822,779 Corporate Treasury Investments 4,167 Third Party Pricing n/a Loans and Receivables 543,397 Discounted Cash Flows Discount Rate 6.6 % - 11.6 % 9.6 % Lower Other Investments (b) 36,120 Third Party Pricing n/a Transaction Price n/a $ 3,406,463 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. (b) As of September 30, 2022, Other Investments includes Level III Freestanding Derivatives.
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 September 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 $ 2,791,812 $ 534,105 $ 38,603 $ 3,364,520 $ 982,984 $ 223,796 $ 73,475 $ 1,280,255 Transfer In Due to Consolidation and Acquisition — — — — — — — — Transfer Into Level III (b) 2,466 — 1,610 4,076 — — 8,018 8,018 Transfer Out of Level III (b) (6,293 ) — (4,043 ) (10,336 ) (18,239 ) — (14,400 ) (32,639 ) Purchases 195,133 229,502 1,124 425,759 85,581 326,937 191,610 604,128 Sales (2,280 ) (217,173 ) (51 ) (219,504 ) (56,063 ) (333,041 ) (13,250 ) (402,354 ) Issuances — 6,437 — 6,437 — 24,138 — 24,138 Settlements — (12,688 ) 566 (12,122 ) — (1,093 ) — (1,093 ) Changes in Gains (Losses) Included in Earnings (158,059 ) 3,214 1,577 (153,268 ) 104,691 (971 ) 1,950 105,670 Balance, End of Period $ 2,822,779 $ 543,397 $ 39,386 $ 3,405,562 $ 1,098,954 $ 239,766 $ 247,403 $ 1,586,123 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (53,588 ) $ (3,010 ) $ 1,591 $ (55,007 ) $ 96,160 $ (3,732 ) $ 1,940 $ 94,368 Level III Financial Assets at Fair Value Nine Months Ended September 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) 2,518 — 2,517 5,035 302 — 8,018 8,320 Transfer Out of Level III (b) (111,824 ) — (4,043 ) (115,867 ) (105,547 ) — (14,400 ) (119,947 ) Purchases 522,941 674,286 8,622 1,205,849 265,947 683,700 225,070 1,174,717 Sales (169,710 ) (522,198 ) (2,864 ) (694,772 ) (178,397 ) (1,034,253 ) (19,414 ) (1,232,064 ) Issuances — 30,336 — 30,336 — 43,478 — 43,478 Settlements (c) — (34,706 ) 566 (34,140 ) — (46,649 ) — (46,649 ) Changes in Gains (Losses) Included in Earnings (156,632 ) 2,947 (9,399 ) (163,084 ) 258,339 12,411 1,971 272,721 Balance, End of Period $ 2,822,779 $ 543,397 $ 39,386 $ 3,405,562 $ 1,098,954 $ 239,766 $ 247,403 $ 1,586,123 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (41,596 ) $ (10,940 ) $ (9,476 ) $ (62,012 ) $ 222,541 $ (6,842 ) $ 1,919 $ 217,618 (a) Represents freestanding derivatives, 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. (c) For Freestanding Derivatives included within Other Investments, Settlements includes all ongoing contractual cash payments made or received over the life of the instrument.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Maximum Exposure to Loss Relating to Non-Consolidated VIEs	Blackstone’s maximum exposure to loss relating to non-consolidated September 30, December 31, 2022 2021 Investments $ 3,290,254 $ 3,337,757 Due from Affiliates 374,215 179,939 Potential Clawback Obligation 53,776 44,327 Maximum Exposure to Loss $ 3,718,245 $ 3,562,023 Amounts Due to Non-Consolidated $ 107 $ 105

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	9 Months Ended
	Sep. 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: September 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 $ — $ 170,879 $ 142,259 $ — $ 313,138 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities” $ 313,138 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 $ —

Offsetting of Assets And Liab_2

Offsetting of Assets And Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Offsetting of Assets	The following tables present the offsetting of assets and liabilities as of September 30, 2022 and December 31, 2021: September 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 $ 338,336 $ 153,019 $ 163,357 $ 21,960 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	September 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 $ 95,719 $ 78,779 $ 2,082 $ 14,858 Repurchase Agreements 313,138 313,138 — — $ 408,857 $ 391,917 $ 2,082 $ 14,858 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	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: September 30, December 31, 2022 2021 Furniture, Equipment and Leasehold Improvements, Net $ 387,066 $ 244,608 Prepaid Expenses 123,646 92,359 Freestanding Derivatives 257,264 145,401 Other 17,818 10,568 $ 785,794 $ 492,936

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 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 September 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. September 30, 2022 December 31, 2021 Carrying Fair Carrying Fair Senior Notes Value Value (a) Value Value (a) 4.750%, Due 2/15/2023 $ 399,518 $ 400,004 $ 398,581 $ 415,880 2.000%, Due 5/19/2025 297,850 284,103 338,275 362,078 1.000%, Due 10/5/2026 588,643 527,555 675,867 700,892 3.150%, Due 10/2/2027 298,009 269,586 297,738 317,610 1.625%, Due 8/5/2028 644,221 526,682 643,251 629,265 1.500%, Due 4/10/2029 591,300 498,802 678,085 720,062 2.500%, Due 1/10/2030 492,367 408,570 491,662 507,350 1.600%, Due 3/30/2031 495,877 368,685 495,541 467,750 2.000%, Due 1/30/2032 787,785 592,639 786,690 767,920 2.550%, Due 3/30/2032 495,093 393,590 — — 3.500%, Due 6/1/2034 461,319 429,450 — — 6.250%, Due 8/15/2042 239,109 251,298 238,914 361,775 5.000%, Due 6/15/2044 489,638 446,945 489,446 648,500 4.450%, Due 7/15/2045 344,514 289,174 344,412 426,195 4.000%, Due 10/2/2047 290,883 235,596 290,730 347,370 3.500%, Due 9/10/2049 392,216 286,052 392,089 431,240 2.800%, Due 9/30/2050 393,923 240,148 393,818 382,880 2.850%, Due 8/5/2051 543,123 334,945 542,963 531,355 3.200%, Due 1/30/2052 987,065 647,630 — — $ 9,232,453 $ 7,431,454 $ 7,498,062 $ 8,018,122 (a) Effective September 30, 2022, fair value is determined by third party pricing services. Prior to this date, fair value was determined by broker quote and under both techniques, 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 September 30, 2022 were as follows: Operating Blackstone Fund Total Borrowings Facilities Borrowings 2022 $ — $ — $ — 2023 400,000 — 400,000 2024 — — — 2025 294,060 30,627 324,687 2026 588,120 — 588,120 Thereafter 8,078,220 — 8,078,220 $ 9,360,400 $ 30,627 $ 9,391,027

Earnings Per Share and Stockh_2

Earnings Per Share and Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Basic and Diluted Net Income Per Common Stock	Basic and diluted net income per share of common stock for the three and nine months ended September 30, 2022 and 2021 was calculated as follows: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted $ 2,296 $ 1,401,895 $ 1,189,777 $ 4,458,919 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 742,345,646 722,229,117 739,963,370 717,516,302 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 149,886 203,982 308,877 402,113 Weighted-Average Shares of Common Stock Outstanding, Diluted 742,495,532 722,433,099 740,272,247 717,918,415 Net Income Per Share of Common Stock Basic $ — $ 1.94 $ 1.61 $ 6.21 Diluted $ — $ 1.94 $ 1.61 $ 6.21 Dividends Declared Per Share of Common Stock (a) $ 1.27 $ 0.70 $ 4.04 $ 2.48 (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 nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Weighted-Average Blackstone Holdings Partnership Units 465,522,745 484,991,263 466,703,389 488,880,363
Schedule of Shares Eligible For Dividends and Distribution	As of September 30, 2022, the total shares of common stock and Blackstone Holdings Partnership Units entitled distributions Shares/Units Common Stock Outstanding (a) 708,995,155 Unvested Participating Common Stock 32,557,230 Total Participating Common Stock 741,552,385 Participating Blackstone Holdings Partnership Units 464,951,386 1,206,503,771 (a) Common Stock Outstanding differs from the Condensed Consolidated Statement of Financial Condition due to effect of share repurchases that were initiated before September 30, 2022, but were not retired until after September 30, 2022.

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 and of changes during the period January 1, 2022 through September 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 — — 11,465,069 126.99 28,130 125.93 Vested (4,784,333 ) 36.35 (5,973,900 ) 61.10 (4,111 ) 62.72 Forfeited (116,197 ) 38.24 (808,862 ) 75.67 (46,412 ) 130.22 Balance, September 30, 2022 12,443,798 $ 37.71 31,220,120 $ 82.66 51,188 $ 94.15
Unvested Shares and Units, After Expected Forfeitures	The following unvested shares and units, after expected forfeitures, as of September 30, 2022, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 11,968,951 1.4 Deferred Restricted Shares of Common Stock 27,060,245 3.2 Total Equity-Based Awards 39,029,196 2.7 Phantom Shares 41,021 3.2

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2022
Due from Affiliates and Due to Affiliates	Due from Affiliates and Due to Affiliates consisted of the following: September 30, December 31, 2022 2021 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated $ 3,160,945 $ 3,519,945 Due from Certain Non-Controlling 824,535 1,099,899 Accrual for Potential Clawback of Previously Distributed Performance Allocations 44,010 37,023 $ 4,029,490 $ 4,656,867 September 30, December 31, 2022 2021 Due to Affiliates Due to Certain Non-Controlling $ 1,600,749 $ 1,558,393 Due to Non-Consolidated 166,191 181,341 Due to Certain Non-Controlling 191,135 77,664 Accrual for Potential Repayment of Previously Received Performance Allocations 102,816 88,700 $ 2,060,891 $ 1,906,098

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Clawback Obligations by Segment	The following table presents the clawback obligations by segment: September 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 $ 32,831 $ 19,106 $ 51,937 $ 34,080 $ 20,186 $ 54,266 Private Equity 13,401 10,142 23,543 5,158 2,196 7,354 Credit & Insurance 12,605 14,731 27,336 12,439 14,641 27,080 $ 58,837 $ 43,979 $ 102,816 $ 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)	9 Months Ended
	Sep. 30, 2022
Financial Data of Segments	The following tables present the financial data for Blackstone’s four segments for the three months ended Three Months Ended September 30, 2022 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 610,606 $ 466,474 $ 138,818 $ 312,663 $ 1,528,561 Transaction, Advisory and Other Fees, Net 54,342 24,313 581 10,629 89,865 Management Fee Offsets (1,842 ) (3,634 ) (57 ) (1,323 ) (6,856 ) Total Management and Advisory Fees, Net 663,106 487,153 139,342 321,969 1,611,570 Fee Related Performance Revenues 260,003 — — 112,128 372,131 Fee Related Compensation (239,572 ) (142,381 ) (40,895 ) (135,420 ) (558,268 ) Other Operating Expenses (74,701 ) (76,138 ) (26,599 ) (68,696 ) (246,134 ) Fee Related Earnings 608,836 268,634 71,848 229,981 1,179,299 Realized Performance Revenues 142,794 309,326 4,430 12,459 469,009 Realized Performance Compensation (33,464 ) (164,531 ) (3,237 ) (4,992 ) (206,224 ) Realized Principal Investment Income 45,297 38,015 9,460 46,993 139,765 Total Net Realizations 154,627 182,810 10,653 54,460 402,550 Total Segment Distributable Earnings $ 763,463 $ 451,444 $ 82,501 $ 284,441 $ 1,581,849 Three Months Ended September 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 485,308 $ 370,083 $ 154,884 $ 197,591 1,207,866 Transaction, Advisory and Other Fees, Net 53,876 50,241 2,535 8,132 114,784 Management Fee Offsets (446 ) 10 (255 ) (1,884 ) (2,575 ) Total Management and Advisory Fees, Net 538,738 420,334 157,164 203,839 1,320,075 Fee Related Performance Revenues 35,625 — — 37,688 73,313 Fee Related Compensation (137,313 ) (139,211 ) (35,092 ) (107,865 ) (419,481 ) Other Operating Expenses (61,398 ) (56,792 ) (25,476 ) (51,276 ) (194,942 ) Fee Related Earnings 375,652 224,331 96,596 82,386 778,965 Realized Performance Revenues 495,727 988,331 7,271 6,148 1,497,477 Realized Performance Compensation (199,100 ) (417,386 ) (1,443 ) (1,145 ) (619,074 ) Realized Principal Investment Income 42,677 77,570 14,943 15,820 151,010 Total Net Realizations 339,304 648,515 20,771 20,823 1,029,413 Total Segment Distributable Earnings $ 714,956 $ 872,846 $ 117,367 $ 103,209 1,808,378 The following tables present the financial data for Blackstone’s four segments as of September 30, 2022 and for the nine months ended September 30, 2022 and 2021: September 30, 2022 and the Nine Months Then Ended Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 1,802,543 $ 1,321,405 $ 428,941 $ 911,697 $ 4,464,586 Transaction, Advisory and Other Fees, Net 141,801 64,522 5,500 27,143 238,966 Management Fee Offsets (3,491 ) (53,933 ) (166 ) (4,107 ) (61,697 ) Total Management and Advisory Fees, Net 1,940,853 1,331,994 434,275 934,733 4,641,855 Fee Related Performance Revenues 1,017,027 (648 ) — 260,410 1,276,789 Fee Related Compensation (858,307 ) (446,053 ) (145,993 ) (399,799 ) (1,850,152 ) Other Operating Expenses (229,033 ) (227,115 ) (75,849 ) (189,745 ) (721,742 ) Fee Related Earnings 1,870,540 658,178 212,433 605,599 3,346,750 Realized Performance Revenues 2,943,430 882,448 40,540 122,175 3,988,593 Realized Performance Compensation (1,154,897 ) (428,614 ) (14,320 ) (54,487 ) (1,652,318 ) Realized Principal Investment Income 128,388 112,357 22,831 76,793 340,369 Total Net Realizations 1,916,921 566,191 49,051 144,481 2,676,644 Total Segment Distributable Earnings $ 3,787,461 $ 1,224,369 $ 261,484 $ 750,080 $ 6,023,394 Segment Assets $ 14,156,922 $ 14,185,968 $ 2,709,389 $ 6,147,667 $ 37,199,946 Nine Months Ended September 30, 2021 Real Private Hedge Fund Credit & Total Estate Equity Solutions Insurance Segments Management and Advisory Fees, Net Base Management Fees $ 1,366,158 $ 1,112,349 $ 460,661 $ 526,039 $ 3,465,207 Transaction, Advisory and Other Fees, Net 117,975 125,220 8,439 19,915 271,549 Management Fee Offsets (2,562 ) (17,510 ) (516 ) (5,146 ) (25,734 ) Total Management and Advisory Fees, Net 1,481,571 1,220,059 468,584 540,808 3,711,022 Fee Related Performance Revenues 224,793 — — 66,577 291,370 Fee Related Compensation (447,762 ) (416,575 ) (112,580 ) (263,059 ) (1,239,976 ) Other Operating Expenses (160,520 ) (168,888 ) (66,521 ) (142,615 ) (538,544 ) Fee Related Earnings 1,098,082 634,596 289,483 201,711 2,223,872 Realized Performance Revenues 935,418 1,627,186 55,900 73,234 2,691,738 Realized Performance Compensation (376,790 ) (687,970 ) (13,977 ) (29,532 ) (1,108,269 ) Realized Principal Investment Income 171,626 220,769 52,618 67,285 512,298 Total Net Realizations 730,254 1,159,985 94,541 110,987 2,095,767 Total Segment Distributable Earnings $ 1,828,336 $ 1,794,581 $ 384,024 $ 312,698 $ 4,319,639
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 nine months ended September 30, 2022 and 2021 along with Total Assets as of September 30, 2022: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Revenues Total GAAP Revenues $ 1,058,114 $ 6,224,265 $ 6,813,614 $ 16,814,491 Less: Unrealized Performance Revenues (a) 771,637 (2,724,366 ) 2,946,255 (7,886,033 ) Less: Unrealized Principal Investment Loss (b) 996,105 2,343 1,172,635 (526,249 ) Less: Interest and Dividend Revenue (c) (57,462 ) (35,535 ) (178,090 ) (99,878 ) Less: Other Revenue (d) (198,546 ) (64,109 ) (427,069 ) (152,252 ) Impact of Consolidation (e) 23,373 (398,786 ) (79,124 ) (980,178 ) Transaction-Related Charges (f) (1,264 ) 36,797 (2,714 ) 33,186 Intersegment Eliminations 518 1,266 2,099 3,341 Total Segment Revenue (g) $ 2,592,475 $ 3,041,875 $ 10,247,606 $ 7,206,428 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Expenses Total GAAP Expenses $ 961,361 $ 2,654,359 $ 3,902,496 $ 6,978,136 Less: Unrealized Performance Allocations Compensation (h) 359,590 (1,193,853 ) 1,273,849 (3,394,041 ) Less: Equity-Based Compensation (i) (190,197 ) (129,254 ) (587,386 ) (394,948 ) Less: Interest Expense (j) (80,312 ) (51,773 ) (216,339 ) (140,245 ) Impact of Consolidation (e) (14,125 ) (5,320 ) (33,325 ) (17,067 ) Amortization of Intangibles (k) (13,238 ) (17,044 ) (47,326 ) (51,212 ) Transaction-Related Charges (f) (10,511 ) (22,396 ) (62,435 ) (89,428 ) Administrative Fee Adjustment (l) (2,460 ) (2,488 ) (7,421 ) (7,747 ) Intersegment Eliminations 518 1,266 2,099 3,341 Total Segment Expenses (m) $ 1,010,626 $ 1,233,497 $ 4,224,212 $ 2,886,789 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Other Income Total GAAP Other Income $ 1,178 $ 94,991 $ (51,524 ) $ 344,978 Impact of Consolidation (e) (1,178 ) (94,991 ) 51,524 (344,978 ) Total Segment Other Income $ — $ — $ — $ — Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes $ 97,931 $ 3,664,897 $ 2,859,594 $ 10,181,333 Less: Unrealized Performance Revenues (a) 771,637 (2,724,366 ) 2,946,255 (7,886,033 ) Less: Unrealized Principal Investment Loss (b) 996,105 2,343 1,172,635 (526,249 ) Less: Interest and Dividend Revenue (c) (57,462 ) (35,535 ) (178,090 ) (99,878 ) Less: Other Revenue (d) (198,546 ) (64,109 ) (427,069 ) (152,252 ) Plus: Unrealized Performance Allocations Compensation (h) (359,590 ) 1,193,853 (1,273,849 ) 3,394,041 Plus: Equity-Based Compensation (i) 190,197 129,254 587,386 394,948 Plus: Interest Expense (j) 80,312 51,773 216,339 140,245 Impact of Consolidation (e) 36,320 (488,457 ) 5,725 (1,308,089 ) Amortization of Intangibles (k) 13,238 17,044 47,326 51,212 Transaction-Related Charges (f) 9,247 59,193 59,721 122,614 Administrative Fee Adjustment (l) 2,460 2,488 7,421 7,747 Total Segment Distributable Earnings $ 1,581,849 $ 1,808,378 $ 6,023,394 $ 4,319,639 As of September 30, 2022 Total Assets Total GAAP Assets $ 40,259,321 Impact of Consolidation (e) (3,059,375 ) Total Segment Assets $ 37,199,946 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 September 30, 2022 and 2021, Other Revenue on a GAAP basis was $199.4 million and $64.2 million, and included $198.4 million and $63.5 million of foreign exchange gains, respectively. For the nine months ended September 30, 2022 and 2021, Other Revenue on a GAAP basis was $427.8 million and $152.4 million, and included $426.7 million and $150.4 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Total Segment Management and Advisory Fees, Net $ 1,611,570 $ 1,320,075 $ 4,641,855 $ 3,711,022 Total Segment Fee Related Performance Revenues 372,131 73,313 1,276,789 291,370 Total Segment Realized Performance Revenues 469,009 1,497,477 3,988,593 2,691,738 Total Segment Realized Principal Investment Income 139,765 151,010 340,369 512,298 Total Segment Revenues $ 2,592,475 $ 3,041,875 $ 10,247,606 $ 7,206,428 (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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Total Segment Fee Related Compensation $ 558,268 $ 419,481 $ 1,850,152 $ 1,239,976 Total Segment Realized Performance Compensation 206,224 619,074 1,652,318 1,108,269 Total Segment Other Operating Expenses 246,134 194,942 721,742 538,544 Total Segment Expenses $ 1,010,626 $ 1,233,497 $ 4,224,212 $ 2,886,789
Reconciliation of Total Segments to Reported on the Consolidated Statements of Operations	The following tables reconcile the components of Total Segments to their equivalent GAAP measures, reported on the Condensed Consolidated Statement s Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Management and Advisory Fees, Net GAAP $ 1,617,754 $ 1,320,795 $ 4,654,877 $ 3,711,159 Segment Adjustment (a) (6,184 ) (720 ) (13,022 ) (137 ) Total Segment $ 1,611,570 $ 1,320,075 $ 4,641,855 $ 3,711,022 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees $ 110,776 $ 48,206 $ 314,863 $ 117,537 Investment Income - Realized Performance Allo c 725,888 1,522,495 4,946,043 2,865,482 GAAP 836,664 1,570,701 5,260,906 2,983,019 Total Segment Less: Realized Performance Revenues (469,009 ) (1,497,477 ) (3,988,593 ) (2,691,738 ) Segment Adjustment 4,476 89 4,476 89 Total Segment $ 372,131 $ 73,313 $ 1,276,789 $ 291,370 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation 600,273 536,199 1,942,790 1,585,941 Incentive Fee Compensation 50,355 21,007 136,737 48,763 Realized Performance Allocations Compensation 313,930 631,632 2,067,447 1,192,082 GAAP 964,558 1,188,838 4,146,974 2,826,786 Total Segment Less: Realized Performance Compensation (206,224 ) (619,074 ) (1,652,318 ) (1,108,269 ) Less: Equity-Based Compensation - Fee Related Compensation (187,873 ) (127,442 ) (580,029 ) (388,607 ) Less: Equity-Based Compensation - Performance Compensation (2,324 ) (1,812 ) (7,357 ) (6,341 ) Segment Adjustment (b) (9,869 ) (21,029 ) (57,118 ) (83,593 ) Total Segment 558,268 419,481 1,850,152 1,239,976 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP 270,369 217,995 800,331 608,174 Segment Adjustment (c) (24,235 ) (23,053 ) (78,589 ) (69,630 ) Total Segment 246,134 194,942 721,742 538,544 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Performance Revenues GAAP Incentive Fees 110,776 48,206 314,863 117,537 Investment Income - Realized Performance Allocations 725,888 1,522,495 4,946,043 2,865,482 GAAP 836,664 1,570,701 5,260,906 2,983,019 Total Segment Less: Fee Related Performance Revenu e (372,131 ) (73,313 ) (1,276,789 ) (291,370 ) Segment Adjustme n 4,476 89 4,476 89 Total Segment 469,009 1,497,477 3,988,593 2,691,738 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Performance Compensation GAAP Incentive Fee Compensation 50,355 21,007 136,737 48,763 Realized Performance Allocation Compensation 313,930 631,632 2,067,447 1,192,082 GAAP 364,285 652,639 2,204,184 1,240,845 Total Segment Less: Fee Related Performance Compensation (d) (155,737 ) (31,753 ) (544,509 ) (126,235 ) Less: Equity-Based Compensation - Performance Compensation (2,324 ) (1,812 ) (7,357 ) (6,341 ) Total Segment 206,224 619,074 1,652,318 1,108,269 Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Realized Principal Investment Income GAAP 193,228 325,414 743,493 832,512 Segment Adjustment (e) (53,463 ) (174,404 ) (403,124 ) (320,214 ) Total Segment 139,765 151,010 340,369 512,298 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		9 Months Ended
	Sep. 30, 2022 Segment	Sep. 30, 2021 Segment	Sep. 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	Sep. 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	(1,513,280)	(1,460,992)
Intangible Assets, Net	$ 232,096	$ 284,384

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets [Line Items]
Amortization Expense	$ 14,900	$ 18,700	$ 52,288	$ 56,174
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	Sep. 30, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Investments	$ 26,256,148	$ 28,665,043
Partnership Investments
Schedule of Investments [Line Items]
Investments	5,566,645	5,635,212
Accrued Performance Allocations
Schedule of Investments [Line Items]
Investments	12,938,888	17,096,873
Other Investments
Schedule of Investments [Line Items]
Investments	3,123,102	3,256,063
Consolidated Blackstone Funds
Schedule of Investments [Line Items]
Investments	3,828,497	2,018,829
Corporate Treasury Investments
Schedule of Investments [Line Items]
Investments	$ 799,016	$ 658,066

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Investments	$ 26,256,148		$ 26,256,148		$ 28,665,043
Recognized net gains (losses) related to equity method investments	19,800	$ 469,000	217,400	$ 1,600,000
Equity investments, carrying value	362,700		$ 362,700
Investment Maturity terms			five years
Consolidated Blackstone Funds | Blackstone
Schedule of Investments [Line Items]
Investments	$ 444,500		$ 444,500		$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Gain (Loss) on Securities [Line Items]
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	$ (922,218)	$ 4,756,029	$ 1,247,055	$ 12,735,931
Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds	52,420	35,048	168,980	97,477
Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities	1,178	132,312	(52,272)	379,781
Consolidated Blackstone Funds
Gain (Loss) on Securities [Line Items]
Realized Gains	17,083	37,697	128,952	99,692
Net Change in Unrealized Gains (Losses)	(30,603)	86,303	(216,198)	259,259
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	(13,520)	124,000	(87,246)	358,951
Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds	14,698	8,312	34,974	20,830
Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities	$ 1,178	$ 132,312	$ (52,272)	$ 379,781

Performance Fees Allocated to F

Performance Fees Allocated to Funds (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	$ 28,665,043
Ending Balance	26,256,148
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	2,188,636
Foreign Exchange Loss	(187,767)
Impact of Consolidation	2,066
Fund Distributions	(6,160,920)
Ending Balance	12,938,888
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	2,576,432
Foreign Exchange Loss	(187,767)
Impact of Consolidation	2,066
Fund Distributions	(4,855,678)
Ending Balance	6,006,807
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	(544,705)
Fund Distributions	(1,095,032)
Ending Balance	5,910,731
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	82,702
Fund Distributions	(61,347)
Ending Balance	477,760
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	74,207
Fund Distributions	(148,863)
Ending Balance	$ 543,590

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Gain (Loss) on Securities [Line Items]
Total realized and net change in unrealized gains (losses)	$ (922,218)	$ 4,756,029	$ 1,247,055	$ 12,735,931
Corporate Treasury Investments
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	(2,857)	(359)	(23,474)	5,526
Net Change in Unrealized Gains (Losses)	(16,196)	3,196	(63,779)	42,648
Total realized and net change in unrealized gains (losses)	$ (19,053)	$ 2,837	$ (87,253)	$ 48,174

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Gain (Loss) on Securities [Line Items]
Total Investment Income (Loss)	$ (922,218)	$ 4,756,029	$ 1,247,055	$ 12,735,931
Other Investments
Gain (Loss) on Securities [Line Items]
Realized Gains	83,269	100,289	200,610	129,711
Net Change in Unrealized Gains (Losses)	(970,654)	(51,380)	(1,121,924)	234,187
Total Investment Income (Loss)	$ (887,385)	$ 48,909	$ (921,314)	$ 363,898

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	Sep. 30, 2022 USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 555,693
Equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	414,240
Real Estate
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	113,527
Credit Driven
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	26,790
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)	9 Months Ended
	Sep. 30, 2022
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of investments redeemable as of reporting date	52%
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	84%
Percentage of investments redeemable as of reporting date	16%
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	48%
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	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	$ 1,819,924	$ 852,465
Derivative Liabilities, Notional	1,144,740	1,366,166
Derivative Assets, Fair Value	338,581	146,061
Derivative Liabilities, Fair Value	95,719	147,808
Freestanding Derivatives
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	667,305	24,165
Derivative Liabilities, Notional	3,545	91,165
Derivative Assets, Fair Value	81,317	660
Derivative Liabilities, Fair Value	615	1,933
Freestanding Derivatives | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	1,152,619	828,300
Derivative Liabilities, Notional	1,141,195	1,275,001
Derivative Assets, Fair Value	257,264	145,401
Derivative Liabilities, Fair Value	95,104	145,875
Freestanding Derivatives | Blackstone | Total Return Swaps
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	31,665
Derivative Assets, Fair Value	1,092
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	396	194
Derivative Liabilities, Fair Value	1,487	1,055
Freestanding Derivatives | Consolidated Blackstone Funds | Credit Default Swap
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	132	3,401
Derivative Liabilities, Notional	3,545	22,865
Derivative Assets, Fair Value	23	321
Derivative Liabilities, Fair Value	615	799
Freestanding Derivatives | Foreign Currency Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	350,407	217,161
Derivative Liabilities, Notional	518,732	572,643
Derivative Assets, Fair Value	20,472	1,858
Derivative Liabilities, Fair Value	20,804	6,143
Freestanding Derivatives | Foreign Currency Contracts | Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	115,331	20,764
Derivative Liabilities, Notional		54,300
Derivative Assets, Fair Value	3,094	339
Derivative Liabilities, Fair Value		370
Freestanding Derivatives | Interest Rate Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	768,540	609,132
Derivative Liabilities, Notional	613,000	692,442
Derivative Assets, Fair Value	235,304	143,349
Derivative Liabilities, Fair Value	72,813	138,677
Freestanding Derivatives | Interest Rate Contracts | Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	551,842
Derivative Liabilities, Notional		14,000
Derivative Assets, Fair Value	$ 78,200
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Unrealized Gain on Derivatives and Commodity Contracts	$ 97,073	$ 25,116	$ 202,355	$ 73,153
Freestanding Derivatives
Derivative [Line Items]
Realized Gains (Losses)	5,419	(8,822)	6,050	(5,546)
Net Change in Unrealized Gains (Losses)	91,654	33,938	196,305	78,699
Freestanding Derivatives | Total Return Swaps
Derivative [Line Items]
Realized Gains (Losses)		161		(1,254)
Net Change in Unrealized Gains (Losses)	526		526	2,130
Freestanding Derivatives | Credit Default Swap
Derivative [Line Items]
Realized Gains (Losses)	(115)	10	13	(980)
Net Change in Unrealized Gains (Losses)	131	106	(289)	948
Freestanding Derivatives | Interest Rate Contracts
Derivative [Line Items]
Realized Gains (Losses)	7,740	(4,181)	13,018	(2,883)
Net Change in Unrealized Gains (Losses)	113,623	27,025	221,300	72,210
Freestanding Derivatives | Foreign Currency Contracts
Derivative [Line Items]
Realized Gains (Losses)	(2,206)	(4,812)	(6,981)	(389)
Net Change in Unrealized Gains (Losses)	$ (22,626)	$ 6,807	$ (25,232)	3,431
Freestanding Derivatives | Other
Derivative [Line Items]
Realized Gains (Losses)				(40)
Net Change in Unrealized Gains (Losses)				$ (20)

Summary of Financial Instrument

Summary of Financial Instruments for Which Fair Value Option Has Been Elected (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans and Receivables	$ 543,397	$ 392,732
Assets	2,239,000	1,093,148
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	144,010	183,877
Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	1,551,593	516,539
Liabilities of Consolidated CLO Vehicles
Fair Value, Option, Quantitative Disclosures [Line Items]
Corporate Treasury Commitments	$ 9,872	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	$ (5,056)	$ 909	$ (9,423)	$ 10,879
Realized Gains (Losses) | Assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(4,583)	(733)	(66)	19,785
Realized Gains (Losses) | Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(3,246)	(2,631)	(6,663)	(10,527)
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	3,719	989	16,020	19,433
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	(4,418)	(2,303)	(32,627)	(6,538)
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	(48,669)	102	(95,175)	41,351
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	1,050	(509)	(4,309)	4,574
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	(45,301)	2,914	(58,239)	43,315
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	$ (1,175)	$ 80	$ (9,236)	$ (113)

Information for Financial Instr

Information for Financial Instruments on Which Fair Value Option was Elected (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
(Deficiency) of fair value over uncollected principal	$ (70,670)	$ (32,223)
Fair value of financial instruments more than one day past due	1,830
(Deficiency) of fair value more than one day past due over uncollected principal	(244)
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
(Deficiency) of fair value over uncollected principal	(63,609)	(29,475)
Fair value of financial instruments more than one day past due	1,830
(Deficiency) of fair value more than one day past due over uncollected principal	(244)
Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
(Deficiency) of fair value over uncollected principal	(7,061)	(2,748)
Fair value of financial instruments more than one day past due	$ 0	$ 0

Fair Value Option - Additional

Fair Value Option - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of financial instruments more than one day past due	$ 1,830
Loans and Receivables
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		Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable - Loans and Receivables		$ 543,397	$ 392,732
Assets		2,239,000	1,093,148
Securities Sold, Not Yet Purchased		26,783	27,849
Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets		338,336	146,061
Derivatives liabilities		95,719	147,666
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		3,406,463	4,111,556
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		296,066	173,408
Total Investments		7,401,103	5,889,416
Accounts Receivable - Loans and Receivables		543,397	392,732
Assets		8,497,830	6,600,957
Securities Sold, Not Yet Purchased		26,783	27,849
Total Accounts Payable, Accrued Expenses and Other Liabilities		105,591	148,444
Liabilities		132,374	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	[1]	9,872	636
Fair Value, Measurements, Recurring | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		95,104	145,875
Total Accounts Payable, Accrued Expenses and Other Liabilities		615	1,933
Fair Value, Measurements, Recurring | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	[2]	2,773,590	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		555,693	387,112
Assets		555,693	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	[2]	5,389	4,845
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,828,497	2,018,829
Derivatives assets		257,264	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		81,317	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]	3,379,310	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		367,870	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		550,304	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	[3]	550,304	382,267
Fair Value, Measurements, Recurring | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		799,016	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		296,066	173,408
Total Investments		1,619,823	636,895
Assets		1,917,973	810,416
Securities Sold, Not Yet Purchased		3,812	4,292
Total Accounts Payable, Accrued Expenses and Other Liabilities		260	323
Liabilities		4,072	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		260	323
Fair Value, Measurements, Recurring | Level 1 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	[2]	1,460,605	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		45,294	71,126
Derivatives assets		2,084	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	[3]	44,358	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		936	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		113,924	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		2,363,613	1,146,585
Assets		2,617,701	1,291,873
Securities Sold, Not Yet Purchased		22,971	23,557
Total Accounts Payable, Accrued Expenses and Other Liabilities		95,459	147,485
Liabilities		118,430	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		94,844	145,552
Total Accounts Payable, Accrued Expenses and Other Liabilities		615	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	[2]	1,272,568	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		410,120	365,121
Derivatives assets		254,088	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		81,317	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	[3]	113,964	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		214,839	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		680,925	570,712
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		2,861,974	3,718,824
Accounts Receivable - Loans and Receivables		543,397	392,732
Assets		3,406,463	4,111,556
Total Accounts Payable, Accrued Expenses and Other Liabilities		9,872	636
Liabilities		9,872	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	[1]	9,872	636
Fair Value, Measurements, Recurring | Level 3 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	[2]	35,028	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		2,822,779	1,200,315
Derivatives assets		1,092
Assets		2,822,779	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	[3]	2,670,684	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		152,095	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		$ 4,167	$ 477
[1]Corporate Treasury Commitments are measured using third party pricing.[2]Other Investments includes Blackstone’s ownership of common stock of Corebridge. Following Corebridge’s IPO in September 2022, a quoted price for Corebridge’s common shares exists and as such the investment will be measured at fair value on a recurring basis as a Level I investment. Blackstone’s investment in Corebridge was previously valued as a Level III investment on a nonrecurring basis using the measurement alternative.[3]Equity Securities, Partnership and LLC Interest includes investments in investment funds. Prior period amounts have been reclassified to this presentation.

Summary of Quantitative Inputs

Summary of Quantitative Inputs and Assumptions for Items Categorized in Level III of Fair Value Hierarchy (Detail) - USD ($) $ in Thousands		9 Months Ended		12 Months Ended
		Sep. 30, 2022		Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 2,239,000		$ 1,093,148
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,406,463		4,111,556
Fair Value, Measurements, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		8,497,830		6,600,957
Fair Value, Measurements, Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,406,463		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		$ 543,397		$ 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		6.60%		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		11.60%		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]	9.60%		7.60%
Fair Value, Measurements, Recurring | Level 3 | Other Investments | Transaction Price Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 36,120	[2]	$ 2,518,032
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		2,822,779		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		$ 2,670,684		$ 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		37.90%		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		14.50%		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]	8.60%		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]	4.50%		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]	15.1		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		$ 152,095		$ 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%
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%
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]			9%
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 4,167		$ 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				9.40%
[1]Unobservable inputs were weighted based on the fair value of the investments included in the range.[2]As of September 30, 2022, Other Investments includes Level III Freestanding Derivatives.

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	$ 3,364,520	$ 1,280,255	$ 1,637,034	$ 1,485,547
Transfer In Due to Consolidation and Acquisition			1,535,171
Transfer Into Level III	4,076	8,018	5,035	8,320
Transfer Out of Level III	(10,336)	(32,639)	(115,867)	(119,947)
Purchases	425,759	604,128	1,205,849	1,174,717
Sales	(219,504)	(402,354)	(694,772)	(1,232,064)
Issuances	6,437	24,138	30,336	43,478
Settlements	(12,122)	(1,093)	(34,140)	(46,649)
Changes in Gains (Losses) Included in Earnings	(153,268)	105,670	(163,084)	272,721
Balance, End of Period	3,405,562	1,586,123	3,405,562	1,586,123
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	(55,007)	94,368	(62,012)	217,618
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	38,603	73,475	43,987	46,158
Transfer Into Level III	1,610	8,018	2,517	8,018
Transfer Out of Level III	(4,043)	(14,400)	(4,043)	(14,400)
Purchases	1,124	191,610	8,622	225,070
Sales	(51)	(13,250)	(2,864)	(19,414)
Settlements	566		566
Changes in Gains (Losses) Included in Earnings	1,577	1,950	(9,399)	1,971
Balance, End of Period	39,386	247,403	39,386	247,403
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	1,591	1,940	(9,476)	1,919
Loans and Receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	534,105	223,796	392,732	581,079
Purchases	229,502	326,937	674,286	683,700
Sales	(217,173)	(333,041)	(522,198)	(1,034,253)
Issuances	6,437	24,138	30,336	43,478
Settlements	(12,688)	(1,093)	(34,706)	(46,649)
Changes in Gains (Losses) Included in Earnings	3,214	(971)	2,947	12,411
Balance, End of Period	543,397	239,766	543,397	239,766
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	(3,010)	(3,732)	(10,940)	(6,842)
Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	2,791,812	982,984	1,200,315	858,310
Transfer In Due to Consolidation and Acquisition			1,535,171
Transfer Into Level III	2,466		2,518	302
Transfer Out of Level III	(6,293)	(18,239)	(111,824)	(105,547)
Purchases	195,133	85,581	522,941	265,947
Sales	(2,280)	(56,063)	(169,710)	(178,397)
Changes in Gains (Losses) Included in Earnings	(158,059)	104,691	(156,632)	258,339
Balance, End of Period	2,822,779	1,098,954	2,822,779	1,098,954
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	$ (53,588)	$ 96,160	$ (41,596)	$ 222,541

Maximum Exposure to Loss Relati

Maximum Exposure to Loss Relating to Non-Consolidated VIEs (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
VIE Assets	$ 40,259,321	$ 41,196,408
VIE Liabilities	20,523,936	19,490,362
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	3,718,245	3,562,023
Variable Interest Entity, Not Primary Beneficiary | Investments
Variable Interest Entity [Line Items]
VIE Assets	3,290,254	3,337,757
Variable Interest Entity, Not Primary Beneficiary | Due from Affiliates
Variable Interest Entity [Line Items]
VIE Assets	374,215	179,939
Variable Interest Entity, Not Primary Beneficiary | Potential Clawback Obligation
Variable Interest Entity [Line Items]
VIE Liabilities	53,776	44,327
Variable Interest Entity, Not Primary Beneficiary | Amounts Due to Non-Consolidated VIEs
Variable Interest Entity [Line Items]
VIE Liabilities	$ 107	$ 105

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Securities Financing Transaction [Line Items]
Pledged securities with carrying value to collateralize its repurchase agreements	$ 313.1	$ 63

Schedule of Repurchase Agreemen

Schedule of Repurchase Agreements Obligation by Type of Collateral Pledged (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	$ 313,138	$ 57,980
Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. "Offsetting of Assets and Liabilities"	313,138	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	313,138	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	170,879	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	142,259	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	$ 0	$ 0

Offsetting of Assets and Liab_3

Offsetting of Assets and Liabilities (Detail) - USD ($) $ in Thousands	Sep. 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	$ 313,138	$ 57,980
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	313,138	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	408,857	205,646
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	391,917	176,532
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	2,082	1,347
Net Amount	14,858	27,767
Freestanding Derivatives
Offsetting Assets and Liabilities [Line Items]
Derivatives gross and Net Amounts of Assets Presented in the Statement of Financial Condition	338,336	146,061
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	153,019	137,265
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	163,357	41
Derivatives Net Amount	21,960	8,755
Derivatives gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	95,719	147,666
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	78,779	118,552
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	2,082	1,347
Derivatives Net Amount	$ 14,858	$ 27,767

Offsetting Of Assets And Liab_4

Offsetting Of Assets And Liabilities - Additional Information (Detail) - Cash Pooling Arrangement $ in Billions	Sep. 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	Sep. 30, 2022	Dec. 31, 2021
Schedule of Other Assets [Line Items]
Furniture, Equipment and Leasehold Improvements, Net	$ 387,066	$ 244,608
Prepaid Expenses	123,646	92,359
Freestanding Derivatives	257,264	145,401
Other	17,818	10,568
Total Other Assets	$ 785,794	$ 492,936

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($) $ in Millions	Nov. 03, 2022	Jun. 03, 2022
Amended and Restated [Member] | Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		$ 4,100
Amended and Restated [Member] | Maximum [Member] | Credit Facility
Debt Instrument [Line Items]
Line of credit expiration date		Jun. 03, 2027
Subsequent Event [Member] | Senior Notes Due November 3, 2027 Note [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 600
Debt instrument, maturity date	Nov. 03, 2027
Debt instrument, interest rate	5.90%
Debt instrument, payment terms	Interest on the 2027 Notes is payable semi-annually in arrears on May 3 and November 3 of each year commencing on May 3, 2023
Debt instrument, frequency of periodic payment	semi-annually
Subsequent Event [Member] | Senior Notes Due April 22, 2033 Note [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 900
Debt instrument, maturity date	Apr. 22, 2033
Debt instrument, interest rate	6.20%
Debt instrument, payment terms	Interest on the 2033 Notes is payable semi-annually in arrears on April 22 and October 22 of each year commencing on April 22, 2023
Debt instrument, frequency of periodic payment	semi-annually

Carrying Value and Fair Value o

Carrying Value and Fair Value of Blackstone Issued Notes (Detail) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Carrying Value		$ 9,232,453	$ 7,498,062
Debt instrument, fair value	[1]	7,431,454	8,018,122
4.750% Notes
Debt Instrument [Line Items]
Carrying Value		399,518	398,581
Debt instrument, fair value	[1]	400,004	415,880
2.000% Notes
Debt Instrument [Line Items]
Carrying Value		297,850	338,275
Debt instrument, fair value	[1]	284,103	362,078
1.000% Notes
Debt Instrument [Line Items]
Carrying Value		588,643	675,867
Debt instrument, fair value	[1]	527,555	700,892
3.150% Notes
Debt Instrument [Line Items]
Carrying Value		298,009	297,738
Debt instrument, fair value	[1]	269,586	317,610
1.625% Notes
Debt Instrument [Line Items]
Carrying Value		644,221	643,251
Debt instrument, fair value	[1]	526,682	629,265
1.500% Notes
Debt Instrument [Line Items]
Carrying Value		591,300	678,085
Debt instrument, fair value	[1]	498,802	720,062
2.500% Notes
Debt Instrument [Line Items]
Carrying Value		492,367	491,662
Debt instrument, fair value	[1]	408,570	507,350
1.600% Notes
Debt Instrument [Line Items]
Carrying Value		495,877	495,541
Debt instrument, fair value	[1]	368,685	467,750
2.000% Notes
Debt Instrument [Line Items]
Carrying Value		787,785	786,690
Debt instrument, fair value	[1]	592,639	767,920
2.550% Note
Debt Instrument [Line Items]
Carrying Value		495,093
Debt instrument, fair value	[1]	393,590
3.500% Notes
Debt Instrument [Line Items]
Carrying Value		461,319
Debt instrument, fair value	[1]	429,450
6.250% Notes
Debt Instrument [Line Items]
Carrying Value		239,109	238,914
Debt instrument, fair value	[1]	251,298	361,775
5.000% Notes
Debt Instrument [Line Items]
Carrying Value		489,638	489,446
Debt instrument, fair value	[1]	446,945	648,500
4.450% Notes
Debt Instrument [Line Items]
Carrying Value		344,514	344,412
Debt instrument, fair value	[1]	289,174	426,195
4.000% Notes
Debt Instrument [Line Items]
Carrying Value		290,883	290,730
Debt instrument, fair value	[1]	235,596	347,370
3.500% One Notes
Debt Instrument [Line Items]
Carrying Value		392,216	392,089
Debt instrument, fair value	[1]	286,052	431,240
2.800% Notes
Debt Instrument [Line Items]
Carrying Value		393,923	393,818
Debt instrument, fair value	[1]	240,148	382,880
2.850% Notes
Debt Instrument [Line Items]
Carrying Value		543,123	542,963
Debt instrument, fair value	[1]	334,945	$ 531,355
3.200% Note
Debt Instrument [Line Items]
Carrying Value		987,065
Debt instrument, fair value	[1]	$ 647,630
[1]Effective September 30, 2022, fair value is determined by third party pricing services. Prior to this date, fair value was determined by broker quote and under both techniques, 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	9 Months Ended
	Sep. 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	Sep. 30, 2022 USD ($)
Debt Instrument [Line Items]
2022	$ 0
2023	400,000
2024	0
2025	324,687
2026	588,120
Thereafter	8,078,220
Total	9,391,027
Operating Borrowings
Debt Instrument [Line Items]
2022	0
2023	400,000
2024	0
2025	294,060
2026	588,120
Thereafter	8,078,220
Total	9,360,400
Blackstone Fund Facilities CLO Vehicles
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	30,627
2026	0
Thereafter	0
Total	$ 30,627

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Line Items]
Net Income Attributable to Blackstone Inc., Basic and Diluted		$ 2,296	$ 1,401,895	$ 1,189,777	$ 4,458,919
Weighted-Average Shares of Common Stock Outstanding, Basic		742,345,646	722,229,117	739,963,370	717,516,302
Weighted-Average Shares of Unvested Deferred Restricted Common Stock		149,886	203,982	308,877	402,113
Weighted-Average Shares of Common Stock Outstanding, Diluted		742,495,532	722,433,099	740,272,247	717,918,415
Net Income Per Share of Common Stock, Basic		$ 0	$ 1.94	$ 1.61	$ 6.21
Net Income Per Share of Common Stock, Diluted		0	1.94	1.61	6.21
Dividends Declared Per Share of Common Stock	[1]	$ 1.27	$ 0.7	$ 4.04	$ 2.48
[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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Blackstone Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-Average Units	465,522,745	484,991,263	466,703,389	488,880,363

Schedule of Shares Eligible For

Schedule of Shares Eligible For Dividends and Distribution (Detail)	Sep. 30, 2022 shares
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	741,552,385
Shares eligible for dividends and distributions	1,206,503,771
Common Stock [Member]
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	708,995,155	[1]
Unvested Participating Common Stock [Member]
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	32,557,230
Participating Partnership Units [Member]
Stockholders Equity [Line Items]
Participating Blackstone Holdings Partnership Units	464,951,386
[1]Common Stock Outstanding differs from the Condensed Consolidated Statement of Financial Condition due to effect of share repurchases that were initiated before September 30, 2022, but were not retired until after September 30, 2022.

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	$ 1,100		$ 1,100
Share Reclassification
Stockholders Equity [Line Items]
Preferred shares authorized							9,000,000,000
Common Stock
Stockholders Equity [Line Items]
Common stock repurchased values	$ 196.6	$ 355.9	$ 392	$ 644.9
Common stock repurchased, units	2,000,000	2,900,000	3,900,000	6,000,000
Amount authorized to repurchase under unit repurchase program						$ 2,000
Common stock repurchased, cost	$ 196.6	$ 355.9	$ 392	$ 644.9
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	$ 206,600	$ 148,700	$ 636,454	$ 454,110
Tax benefits in relation to equity-based awards	54,600	$ 19,400	127,500	$ 60,100
Estimated unrecognized compensation expense related to unvested awards	$ 2,000,000		$ 2,000,000
Weighted-average period for recognized compensation expense related to unvested awards, years			3 years 8 months 12 days
Total vested and unvested outstanding units	1,206,688,359		1,206,688,359
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total outstanding unvested phantom units	60,899		60,899

Summary of Status of Partnershi

Summary of Status of Partnership's Unvested Equity-Based Awards (Detail)	9 Months Ended
	Sep. 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	(4,784,333)
Forfeited (Units) | shares	(116,197)
Ending Balance | shares	12,443,798
Beginning Balance | $ / shares	$ 37.37
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	36.35
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	38.24
Ending Balance | $ / shares	$ 37.71
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	11,465,069
Vested (Units) | shares	(5,973,900)
Forfeited (Units) | shares	(808,862)
Ending Balance | shares	31,220,120
Beginning Balance | $ / shares	$ 58.34
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	126.99
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	61.1
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	75.67
Ending Balance | $ / shares	$ 82.66
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	28,130
Vested (Units) | shares	(4,111)
Forfeited (Units) | shares	(46,412)
Ending Balance | shares	51,188
Beginning Balance | $ / shares	$ 137.65
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	125.93
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	62.72
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	130.22
Ending Balance | $ / shares	$ 94.15

Unvested Shares and Units, Afte

Unvested Shares and Units, After Expected Forfeitures (Detail)	9 Months Ended
	Sep. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Blackstone Holdings Partnership Units	11,968,951
Deferred Restricted Shares of Common Stock	27,060,245
Total Equity-Based Awards	39,029,196
Phantom Shares	41,021
Blackstone Holdings Partnership Units (Weighted-Average Service Period in Years)	1 year 4 months 24 days
Deferred Restricted Shares of Common Stock (Weighted-Average Service in Years)	3 years 2 months 12 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 2 months 12 days

Due from Affiliates and Due to

Due from Affiliates and Due to Affiliates (Detail) - USD ($) $ in Thousands	Sep. 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	$ 3,160,945	$ 3,519,945
Due from Certain Non-Controlling Interest Holders and Blackstone Employees	824,535	1,099,899
Accrual for Potential Clawback of Previously Distributed Performance Allocations	44,010	37,023
Due from Affiliates, total	4,029,490	4,656,867
Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements	1,600,749	1,558,393
Due to Non-Consolidated Entities	166,191	181,341
Due to Certain Non-Controlling Interest Holders and Blackstone Employees	191,135	77,664
Accrual for Potential Repayment of Previously Received Performance Allocations	102,816	88,700
Due to Affiliates, total	$ 2,060,891	$ 1,906,098

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Investments	$ 26,256,148		$ 26,256,148		$ 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	$ 461,300		$ 461,300
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	$ (10,000)	$ 137,700	$ (20,400)	$ 371,300
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	$ 1,900	$ 1,000	$ 5,700	$ 4,200

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Schedule Of Commitments And Contingencies [Line Items]
General partner capital funding	$ 5,000
Total investments at risk in respect of guarantees extended	$ 16.7
Contingent obligations currently anticipated to expire end	2032
Provision for cash clawback	$ 1,200
Contingent Obligations (Clawback)	6,000
Blackstone Holdings
Schedule Of Commitments And Contingencies [Line Items]
Loans held By employees for investment guaranteed	82.5
Contingent Obligations (Clawback)	5,600
Consolidated Blackstone Funds
Schedule Of Commitments And Contingencies [Line Items]
Funds signed investment commitments	198.2
Consolidated Blackstone Funds | Portfolio Company Acquisition
Schedule Of Commitments And Contingencies [Line Items]
Signed investment commitments for portfolio company acquisitions in process of closing	$ 49.8

Clawback Obligations by Segment

Clawback Obligations by Segment (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Product Liability Contingency [Line Items]
Clawback obligations	$ 102,816	$ 88,700
Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	58,837	51,677
Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	43,979	37,023
Real Estate Segment
Product Liability Contingency [Line Items]
Clawback obligations	51,937	54,266
Real Estate Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	32,831	34,080
Real Estate Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	19,106	20,186
Private Equity Segment
Product Liability Contingency [Line Items]
Clawback obligations	23,543	7,354
Private Equity Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	13,401	5,158
Private Equity Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	10,142	2,196
Credit & Insurance
Product Liability Contingency [Line Items]
Clawback obligations	27,336	27,080
Credit & Insurance | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	12,605	12,439
Credit & Insurance | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	$ 14,731	$ 14,641

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - Segment	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Fee Related Performance Revenues	$ 372,131	$ 73,313	$ 1,276,789	$ 291,370
Realized Performance Revenues	836,664	1,570,701	5,260,906	2,983,019
Realized Performance Compensation	364,285	652,639	2,204,184	1,240,845
Operating Segments
Segment Reporting Information [Line Items]
Base Management Fees	1,528,561	1,207,866	4,464,586	3,465,207
Transaction, Advisory and Other Fees, Net	89,865	114,784	238,966	271,549
Management Fee Offsets	(6,856)	(2,575)	(61,697)	(25,734)
Total Management and Advisory Fees, Net	1,611,570	1,320,075	4,641,855	3,711,022
Fee Related Performance Revenues	372,131	73,313	1,276,789	291,370
Fee Related Compensation	(558,268)	(419,481)	(1,850,152)	(1,239,976)
Other Operating Expenses	(246,134)	(194,942)	(721,742)	(538,544)
Fee Related Earnings	1,179,299	778,965	3,346,750	2,223,872
Realized Performance Revenues	469,009	1,497,477	3,988,593	2,691,738
Realized Performance Compensation	(206,224)	(619,074)	(1,652,318)	(1,108,269)
Realized Principal Investment Income (Loss)	139,765	151,010	340,369	512,298
Total Net Realizations	402,550	1,029,413	2,676,644	2,095,767
Total Segment Distributable Earnings	1,581,849	1,808,378	6,023,394	4,319,639
Segment Assets	37,199,946		37,199,946
Operating Segments | Real Estate Segment
Segment Reporting Information [Line Items]
Base Management Fees	610,606	485,308	1,802,543	1,366,158
Transaction, Advisory and Other Fees, Net	54,342	53,876	141,801	117,975
Management Fee Offsets	(1,842)	(446)	(3,491)	(2,562)
Total Management and Advisory Fees, Net	663,106	538,738	1,940,853	1,481,571
Fee Related Performance Revenues	260,003	35,625	1,017,027	224,793
Fee Related Compensation	(239,572)	(137,313)	(858,307)	(447,762)
Other Operating Expenses	(74,701)	(61,398)	(229,033)	(160,520)
Fee Related Earnings	608,836	375,652	1,870,540	1,098,082
Realized Performance Revenues	142,794	495,727	2,943,430	935,418
Realized Performance Compensation	(33,464)	(199,100)	(1,154,897)	(376,790)
Realized Principal Investment Income (Loss)	45,297	42,677	128,388	171,626
Total Net Realizations	154,627	339,304	1,916,921	730,254
Total Segment Distributable Earnings	763,463	714,956	3,787,461	1,828,336
Segment Assets	14,156,922		14,156,922
Operating Segments | Private Equity Segment
Segment Reporting Information [Line Items]
Base Management Fees	466,474	370,083	1,321,405	1,112,349
Transaction, Advisory and Other Fees, Net	24,313	50,241	64,522	125,220
Management Fee Offsets	(3,634)	10	(53,933)	(17,510)
Total Management and Advisory Fees, Net	487,153	420,334	1,331,994	1,220,059
Fee Related Performance Revenues			(648)
Fee Related Compensation	(142,381)	(139,211)	(446,053)	(416,575)
Other Operating Expenses	(76,138)	(56,792)	(227,115)	(168,888)
Fee Related Earnings	268,634	224,331	658,178	634,596
Realized Performance Revenues	309,326	988,331	882,448	1,627,186
Realized Performance Compensation	(164,531)	(417,386)	(428,614)	(687,970)
Realized Principal Investment Income (Loss)	38,015	77,570	112,357	220,769
Total Net Realizations	182,810	648,515	566,191	1,159,985
Total Segment Distributable Earnings	451,444	872,846	1,224,369	1,794,581
Segment Assets	14,185,968		14,185,968
Operating Segments | Hedge Fund Solutions Segment
Segment Reporting Information [Line Items]
Base Management Fees	138,818	154,884	428,941	460,661
Transaction, Advisory and Other Fees, Net	581	2,535	5,500	8,439
Management Fee Offsets	(57)	(255)	(166)	(516)
Total Management and Advisory Fees, Net	139,342	157,164	434,275	468,584
Fee Related Compensation	(40,895)	(35,092)	(145,993)	(112,580)
Other Operating Expenses	(26,599)	(25,476)	(75,849)	(66,521)
Fee Related Earnings	71,848	96,596	212,433	289,483
Realized Performance Revenues	4,430	7,271	40,540	55,900
Realized Performance Compensation	(3,237)	(1,443)	(14,320)	(13,977)
Realized Principal Investment Income (Loss)	9,460	14,943	22,831	52,618
Total Net Realizations	10,653	20,771	49,051	94,541
Total Segment Distributable Earnings	82,501	117,367	261,484	384,024
Segment Assets	2,709,389		2,709,389
Operating Segments | Credit & Insurance Segment
Segment Reporting Information [Line Items]
Base Management Fees	312,663	197,591	911,697	526,039
Transaction, Advisory and Other Fees, Net	10,629	8,132	27,143	19,915
Management Fee Offsets	(1,323)	(1,884)	(4,107)	(5,146)
Total Management and Advisory Fees, Net	321,969	203,839	934,733	540,808
Fee Related Performance Revenues	112,128	37,688	260,410	66,577
Fee Related Compensation	(135,420)	(107,865)	(399,799)	(263,059)
Other Operating Expenses	(68,696)	(51,276)	(189,745)	(142,615)
Fee Related Earnings	229,981	82,386	605,599	201,711
Realized Performance Revenues	12,459	6,148	122,175	73,234
Realized Performance Compensation	(4,992)	(1,145)	(54,487)	(29,532)
Realized Principal Investment Income (Loss)	46,993	15,820	76,793	67,285
Total Net Realizations	54,460	20,823	144,481	110,987
Total Segment Distributable Earnings	284,441	$ 103,209	750,080	$ 312,698
Segment Assets	$ 6,147,667		$ 6,147,667

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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total Revenues		$ 1,058,114	$ 6,224,265	$ 6,813,614	$ 16,814,491
Less: Unrealized Principal Investment Loss		(1,069,697)	183,754	(1,496,226)	1,151,904
Total Expenses		961,361	2,654,359	3,902,496	6,978,136
Total Other Income		1,178	94,991	(51,524)	344,978
Total Other Income		0	0	0	0
Total GAAP Income (Loss) Before Provision for Taxes		97,931	3,664,897	2,859,594	10,181,333
Total Assets		40,259,321		40,259,321		$ 41,196,408
Less: Unrealized Principal Investment Loss		(1,069,697)	183,754	(1,496,226)	1,151,904
Operating Segments
Segment Reporting Information [Line Items]
Total Revenues	[1]	2,592,475	3,041,875	10,247,606	7,206,428
Total Expenses	[2]	1,010,626	1,233,497	4,224,212	2,886,789
Total Segment Distributable Earnings		1,581,849	1,808,378	6,023,394	4,319,639
Total Assets		37,199,946		37,199,946
Segment Distributable Earnings		1,581,849	1,808,378	6,023,394	4,319,639
Consolidation Adjustments and Reconciling Items
Segment Reporting Information [Line Items]
Less: Unrealized Performance Revenues	[3]	771,637	(2,724,366)	2,946,255	(7,886,033)
Less: Unrealized Principal Investment Loss	[4]	996,105	2,343	1,172,635	(526,249)
Less: Interest and Dividend Revenue	[5]	(57,462)	(35,535)	(178,090)	(99,878)
Less: Other Revenue	[6]	(198,546)	(64,109)	(427,069)	(152,252)
Impact of Consolidation	[7]	23,373	(398,786)	(79,124)	(980,178)
Transaction-Related Charges	[8]	(1,264)	36,797	(2,714)	33,186
Less: Unrealized Performance Allocations Compensation	[9]	359,590	(1,193,853)	1,273,849	(3,394,041)
Less: Equity-Based Compensation	[10]	(190,197)	(129,254)	(587,386)	(394,948)
Less: Interest Expense	[11]	(80,312)	(51,773)	(216,339)	(140,245)
Impact of Consolidation	[7]	(14,125)	(5,320)	(33,325)	(17,067)
Amortization of Intangibles	[12]	(13,238)	(17,044)	(47,326)	(51,212)
Transaction-Related Charges	[8]	(10,511)	(22,396)	(62,435)	(89,428)
Administrative Fee Adjustment	[13]	2,460	2,488	(7,421)	(7,747)
Less: Unrealized Performance Revenues	[3]	771,637	(2,724,366)	2,946,255	(7,886,033)
Less: Unrealized Principal Investment Loss	[4]	996,105	2,343	1,172,635	(526,249)
Less: Interest and Dividend Revenue	[5]	(57,462)	(35,535)	(178,090)	(99,878)
Less: Other Revenue	[6]	(198,546)	(64,109)	(427,069)	(152,252)
Plus: Unrealized Performance Allocations Compensation	[9]	(359,590)	1,193,853	(1,273,849)	3,394,041
Plus: Equity Based Compensation	[10]	190,197	129,254	587,386	394,948
Plus: Interest Expense	[11]	80,312	51,773	216,339	140,245
Amortization of Intangibles	[12]	13,238	17,044	47,326	51,212
Transaction-Related Charges	[8]	9,247	59,193	59,721	122,614
Administrative Fee Adjustment	[13]	2,460	2,488	7,421	7,747
Segment Adjustment
Segment Reporting Information [Line Items]
Intersegment Eliminations		518	1,266	2,099	3,341
Intersegment Eliminations		518	1,266	2,099	3,341
Impact of Consolidation
Segment Reporting Information [Line Items]
Total Other Income	[7]	(1,178)	(94,991)	51,524	(344,978)
Total Assets	[7]	(3,059,375)		(3,059,375)
Impact of Consolidation	[7]	$ 36,320	$ (488,457)	$ 5,725	$ (1,308,089)
[1]Total Segment Revenues is comprised of the following:[2]Total Segment Expenses 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 September 30, 2022 and 2021, Other Revenue on a GAAP basis was $199.4 million and $64.2 million, and included $198.4 million and $63.5 million of foreign exchange gains, respectively. For the nine months ended September 30, 2022 and 2021, Other Revenue on a GAAP basis was $427.8 million and $152.4 million, and included $426.7 million and $150.4 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.[13]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.

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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total Segment Fee Related Performance Revenues		$ 372,131	$ 73,313	$ 1,276,789	$ 291,370
Total Segment Realized Performance Revenues		836,664	1,570,701	5,260,906	2,983,019
Total Segment Realized Performance Compensation		(364,285)	(652,639)	(2,204,184)	(1,240,845)
Other revenue		199,382	64,187	427,839	152,387
Foreign exchange gains		198,400	63,500	426,700	150,400
Operating Segments
Segment Reporting Information [Line Items]
Total Segment Management and Advisory Fees, Net		1,611,570	1,320,075	4,641,855	3,711,022
Total Segment Fee Related Performance Revenues		372,131	73,313	1,276,789	291,370
Total Segment Realized Performance Revenues		469,009	1,497,477	3,988,593	2,691,738
Total Segment Realized Principal Investment Income		139,765	151,010	340,369	512,298
Total Revenues	[1]	2,592,475	3,041,875	10,247,606	7,206,428
Total Segment Fee Related Compensation		558,268	419,481	1,850,152	1,239,976
Total Segment Realized Performance Compensation		206,224	619,074	1,652,318	1,108,269
Total Segment Other Operating Expenses		246,134	194,942	721,742	538,544
Total Expenses	[2]	$ 1,010,626	$ 1,233,497	$ 4,224,212	$ 2,886,789
[1]Total Segment Revenues is comprised of the following:[2]Total Segment Expenses is comprised of the following:

Reconciliation of Total Segme_3

Reconciliation of Total Segments to Reported on the Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenues	[1]	$ (6,184)	$ (720)	$ (13,022)	$ (137)
Investment Income - Realized Performance Allocations		725,888	1,522,495	4,946,043	2,865,482
Realized Performance Revenues		372,131	73,313	1,276,789	291,370
Compensation and Benefits Compensation		600,273	536,199	1,942,790	1,585,941
Incentive Fee Compensation		50,355	21,007	136,737	48,763
Realized Performance Allocations Compensation		313,930	631,632	2,067,447	1,192,082
Realized Performance Revenues		836,664	1,570,701	5,260,906	2,983,019
Segment Adjustment		4,476	89	4,476	89
Total Compensation and Benefits		964,558	1,188,838	4,146,974	2,826,786
General, Administrative and Other		270,369	217,995	800,331	608,174
General, Administrative and Other	[2]	(24,235)	(23,053)	(78,589)	(69,630)
Investment Income - Realized Performance Allocations		725,888	1,522,495	4,946,043	2,865,482
Realized Performance Revenues		836,664	1,570,701	5,260,906	2,983,019
Realized Performance Compensation		364,285	652,639	2,204,184	1,240,845
Investment Income Realized		193,228	325,414	743,493	832,512
Investment Income Realized	[3]	(53,463)	(174,404)	(403,124)	(320,214)
Segment Adjustment	[4]	(9,869)	(21,029)	(57,118)	(83,593)
Less: Fee Related Performance Compensation	[5]	(155,737)	(31,753)	(544,509)	(126,235)
Total Segment		(364,285)	(652,639)	(2,204,184)	(1,240,845)
Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		1,617,754	1,320,795	4,654,877	3,711,159
Incentive Fees
Segment Reporting Information [Line Items]
Revenues		110,776	48,206	314,863	117,537
Operating Segments
Segment Reporting Information [Line Items]
Revenues		1,611,570	1,320,075	4,641,855	3,711,022
Realized Performance Revenues		372,131	73,313	1,276,789	291,370
Realized Performance Revenues		469,009	1,497,477	3,988,593	2,691,738
Realized Performance Revenues		(372,131)	(73,313)	(1,276,789)	(291,370)
General, Administrative and Other		246,134	194,942	721,742	538,544
Realized Performance Revenues		469,009	1,497,477	3,988,593	2,691,738
Less: Realized Performance Revenues		(469,009)	(1,497,477)	(3,988,593)	(2,691,738)
Realized Performance Compensation		(206,224)	(619,074)	(1,652,318)	(1,108,269)
Investment Income Realized		139,765	151,010	340,369	512,298
Less: Equity-Based Compensation - Operating Compensation		(187,873)	(127,442)	(580,029)	(388,607)
Less: Equity-Based Compensation - Performance Compensation		(2,324)	(1,812)	(7,357)	(6,341)
Total Compensation and Benefits		558,268	419,481	1,850,152	1,239,976
Less: Equity-Based Compensation - Performance Compensation		(2,324)	(1,812)	(7,357)	(6,341)
Total Segment		206,224	619,074	1,652,318	1,108,269
Operating Segments | Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		$ 1,611,570	$ 1,320,075	$ 4,641,855	$ 3,711,022
[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.

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - Senior Notes [Member] $ in Millions	Nov. 03, 2022 USD ($)
Senior Notes Due 2027 Notes [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 600
Debt instrument, interest rate	5.90%
Senior Notes Due 2033 Notes [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 900
Debt instrument, interest rate	6.20%