Blackstone (BX) 10-Q 2 Aug 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 26, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
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		720,076,731

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and Cash Equivalents	$ 2,381,436	$ 2,955,866
Cash Held by Blackstone Funds and Other	219,393	316,197
Investments	26,426,289	26,146,622
Accounts Receivable	247,538	193,365
Due from Affiliates	$ 4,868,069	$ 4,466,521
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Intangible Assets, Net	$ 183,246	$ 201,208
Goodwill	1,890,202	1,890,202
Other Assets	1,083,400	944,848
Right-of-Use Assets	995,524	841,307
Deferred Tax Assets	2,289,932	2,331,394
Total Assets	40,585,029	40,287,530
Liabilities and Equity
Loans Payable	10,688,193	11,304,059
Due to Affiliates	$ 2,364,099	$ 2,393,410
Other Liability, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Accrued Compensation and Benefits	$ 5,703,156	$ 5,247,766
Operating Lease Liabilities	1,142,317	989,823
Accounts Payable, Accrued Expenses and Other Liabilities	2,012,969	2,277,258
Total Liabilities	21,910,734	22,212,316
Commitments and Contingencies
Redeemable Non-Controlling Interests in Consolidated Entities	888,868	1,179,073
Stockholders' Equity of Blackstone Inc.
Common Stock, $0.00001 par value, 90 billion shares authorized, (722,540,712 shares issued and outstanding as of June 30, 2024; 719,358,114 shares issued and outstanding as of December 31, 2023)	7	7
Additional Paid-in-Capital	6,260,619	6,175,190
Retained Earnings	607,564	660,734
Accumulated Other Comprehensive Loss	(34,617)	(19,133)
Total Stockholders' Equity of Blackstone Inc.	6,833,573	6,816,798
Non-Controlling Interests in Consolidated Entities	5,682,606	5,177,255
Non-Controlling Interests in Blackstone Holdings	5,269,248	4,902,088
Total Equity	17,785,427	16,896,141
Total Liabilities and Equity	40,585,029	40,287,530
Series I Preferred Stock
Stockholders' Equity of Blackstone Inc.
Preferred Stock, Value, Issued	0	0
Series II Preferred Stock
Stockholders' Equity of Blackstone Inc.
Preferred Stock, Value, Issued	$ 0	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets	$ 40,585,029	$ 40,287,530
Liabilities	$ 21,910,734	$ 22,212,316
Common stock par value	$ 0.00001	$ 0.00001
Common shares authorized	90,000,000,000	90,000,000,000
Common shares issued	722,540,712	719,358,114
Common shares outstanding	722,540,712	719,358,114
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	$ 3,860,100	$ 4,656,207
Liabilities	337,991	1,202,203
Consolidated Blackstone Funds | Loans Payable | Variable Interest Entity, Primary Beneficiary
Liabilities	130,321	687,122
Investments | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	3,621,676	4,319,483
Accounts Receivable | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	4,762	6,995
Cash Held by Funds and Other | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	219,393	316,197
Due from Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	9,509	12,762
Other Assets | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	4,760	770
Due to Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	152,900	123,909
Accounts Payable, Accrued Expenses and Other Liabilities | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	$ 54,770	$ 391,172

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Performance Allocations
Realized	$ 531,641	$ 502,084	$ 1,184,158	$ 1,148,978
Unrealized	122,229	114,395	568,172	(644,817)
Principal Investments
Realized	74,045	54,835	152,642	162,893
Unrealized	(31,776)	164,089	429,847	(327,328)
Total Investment Income	696,139	835,403	2,334,819	339,726
Interest and Dividend Revenue	104,999	148,505	202,838	238,990
Other	19,631	(31,664)	64,451	(45,818)
Total Revenues	2,796,381	2,814,691	6,484,209	4,196,536
Expenses
Compensation	766,647	737,017	1,561,450	1,453,302
Incentive Fee Compensation	77,139	64,227	150,846	127,508
Performance Allocations Compensation
Realized	260,736	205,196	519,630	501,990
Unrealized	101,680	54,155	282,580	(259,094)
Total Compensation and Benefits	1,206,202	1,060,595	2,514,506	1,823,706
General, Administrative and Other	311,928	275,034	681,878	548,428
Interest Expense	108,616	108,096	216,819	212,537
Fund Expenses	5,960	31,585	9,910	79,984
Total Expenses	1,632,706	1,475,310	3,423,113	2,664,655
Other Income
Change in Tax Receivable Agreement Liability	0	7,095	0	1,887
Net Gains from Fund Investment Activities	44,934	80,500	27,167	151,564
Total Other Income	44,934	87,595	27,167	153,451
Income Before Provision for Taxes	1,208,609	1,426,976	3,088,263	1,685,332
Provision for Taxes	260,246	223,269	543,917	270,944
Net Income	948,363	1,203,707	2,544,346	1,414,388
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	258	17,688	(39,411)	10,988
Net Income Attributable to Non-Controlling Interests in Consolidated Entities	100,583	89,436	203,410	164,305
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings	403,108	495,309	1,088,547	552,009
Net Income Attributable to Blackstone Inc.	$ 444,414	$ 601,274	$ 1,291,800	$ 687,086
Net Income Per Share of Common Stock
Basic	$ 0.58	$ 0.79	$ 1.69	$ 0.91
Diluted	$ 0.58	$ 0.79	$ 1.69	$ 0.91
Weighted-Average Shares of Common Stock Outstanding
Basic	769,187,351	758,479,943	764,492,944	752,306,729
Diluted	769,234,677	758,548,248	764,746,162	752,630,385
Management and Advisory Fees, Net
Revenues
Revenues	$ 1,787,313	$ 1,709,370	$ 3,514,461	$ 3,367,685
Incentive Fees
Revenues
Revenues	$ 188,299	$ 153,077	$ 367,640	$ 295,953

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Income	$ 948,363	$ 1,203,707	$ 2,544,346	$ 1,414,388
Other Comprehensive Income (Loss) – Currency Translation Adjustment	(8,403)	16,892	(44,968)	46,292
Comprehensive Income	939,960	1,220,599	2,499,378	1,460,680
Comprehensive Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	(2,757)	30,519	(59,242)	44,529
Comprehensive Income Attributable to Non-Controlling Interests in Consolidated Entities	100,583	89,436	203,410	164,305
Comprehensive Income Attributable to Non-Controlling Interests in Blackstone Holdings	401,055	494,242	1,078,894	554,490
Comprehensive Income Attributable to Non-Controlling Interests	498,881	614,197	1,223,062	763,324
Comprehensive Income Attributable to Blackstone Inc.	$ 441,079	$ 606,402	$ 1,276,316	$ 697,356

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total	Consolidated Entities	Common Units	Common Stock	[1]	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, 2022		$ 17,966,061			$ 7		$ 5,935,273		$ 1,748,106		$ (27,475)		$ 7,655,911		$ 5,056,480	$ 5,253,670
Beginning Balance, Units at Dec. 31, 2022	[1]			710,276,923
Beginning Balance at Dec. 31, 2022		1,715,006
Transfer Out Due to Consolidation of Fund Entities		(53,713)
Net Income (Loss)		1,403,400							687,086				687,086		164,305	552,009
Net Income (Loss)		10,988
Currency Translation Adjustment		12,751									10,270		10,270			2,481
Currency Translation Adjustment		33,541
Capital Contributions		312,162													307,303	4,859
Capital Contributions		92,280
Capital Distributions		(2,545,272)							(1,274,914)				(1,274,914)		(350,332)	(920,026)
Capital Distributions		(171,753)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		(2,795)													(2,795)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		3,919					3,919						3,919
Equity-Based Compensation		513,136					310,772						310,772			202,364
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(23,101)					(23,101)						(23,101)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]			2,673,204
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(176,131)					(176,131)						(176,131)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]			(2,000,000)
Change in Blackstone Inc.'s Ownership Interest		3,009					(3,009)						(3,009)			3,009
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock							28,644						28,644			(28,644)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]			2,601,732
Ending Balance at Jun. 30, 2023		17,464,130			7		6,076,367		1,160,278		(17,205)		7,219,447		5,174,961	5,069,722
Ending Balance, Units at Jun. 30, 2023	[1]			713,551,859
Ending Balance at Jun. 30, 2023		1,626,349
Beginning Balance at Mar. 31, 2023		17,069,128			7		5,957,054		1,156,109		(22,333)		7,090,837		5,058,090	4,920,201
Beginning Balance, Units at Mar. 31, 2023	[1]			712,794,968
Beginning Balance at Mar. 31, 2023		1,644,697
Net Income (Loss)		1,186,019							601,274				601,274		89,436	495,309
Net Income (Loss)		17,688
Currency Translation Adjustment		4,061									5,128		5,128			(1,067)
Currency Translation Adjustment		12,831
Capital Contributions		185,763													183,351	2,412
Capital Contributions		41,188
Capital Distributions		(1,210,619)							(597,105)				(597,105)		(155,466)	(458,048)
Capital Distributions		(90,055)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		(450)													(450)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		1,918					1,918						1,918
Equity-Based Compensation		319,441					193,545						193,545			125,896
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(5,097)					(5,097)						(5,097)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]			529,948
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(86,034)					(86,034)						(86,034)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]			(1,000,000)
Change in Blackstone Inc.'s Ownership Interest							1,918						1,918			(1,918)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock							13,063						13,063			(13,063)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]			1,226,943
Ending Balance at Jun. 30, 2023		17,464,130			7		6,076,367		1,160,278		(17,205)		7,219,447		5,174,961	5,069,722
Ending Balance, Units at Jun. 30, 2023	[1]			713,551,859
Ending Balance at Jun. 30, 2023		1,626,349
Beginning Balance at Dec. 31, 2023		16,896,141			7		6,175,190		660,734		(19,133)		6,816,798		5,177,255	4,902,088
Beginning Balance, Units at Dec. 31, 2023	[1]			719,358,114
Beginning Balance at Dec. 31, 2023		1,179,073
Transfer In Due to Consolidation of Fund Entities		1,065
Net Income (Loss)		2,583,757							1,291,800				1,291,800		203,410	1,088,547
Net Income (Loss)		(39,411)
Currency Translation Adjustment		(25,137)									(15,484)		(15,484)			(9,653)
Currency Translation Adjustment		(19,831)
Capital Contributions		519,127													514,185	4,942
Capital Contributions		12,233
Capital Distributions		(2,543,963)							(1,344,970)				(1,344,970)		(274,410)	(924,583)
Capital Distributions		(175,170)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		62,032	$ 62,166				(134)						(134)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		(69,091)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		68,544					68,544						68,544
Equity-Based Compensation		609,788					373,119						373,119			236,669
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(52,169)					(52,169)						(52,169)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]			3,049,774
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(332,693)					(332,693)						(332,693)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]			(2,700,000)
Change in Blackstone Inc.'s Ownership Interest		2,794					(2,794)						(2,794)			2,794
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock							31,556						31,556			(31,556)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]			2,832,824
Ending Balance at Jun. 30, 2024		17,785,427			7		6,260,619		607,564		(34,617)		6,833,573		5,682,606	5,269,248
Ending Balance, Units at Jun. 30, 2024	[1]			722,540,712
Ending Balance at Jun. 30, 2024		888,868
Beginning Balance at Mar. 31, 2024		17,542,429			7		6,190,142		796,201		(31,282)		6,955,068		5,381,678	5,205,683
Beginning Balance, Units at Mar. 31, 2024	[1]			722,263,433
Beginning Balance at Mar. 31, 2024		935,005
Transfer Out Due to Consolidation of Fund Entities		1,065
Net Income (Loss)		948,105							444,414				444,414		100,583	403,108
Net Income (Loss)		258
Currency Translation Adjustment		(5,388)									(3,335)		(3,335)			(2,053)
Currency Translation Adjustment		(3,015)
Capital Contributions		348,881													346,416	2,465
Capital Contributions		7,732
Capital Distributions		(1,236,551)							(633,051)				(633,051)		(146,010)	(457,490)
Capital Distributions		(52,177)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		(43)					18						18		(61)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		60,975					60,975						60,975
Equity-Based Compensation		375,513					229,862						229,862			145,651
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(4,206)					(4,206)						(4,206)			0
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]			430,121
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(244,288)					(244,288)						(244,288)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]			(2,000,000)
Change in Blackstone Inc.'s Ownership Interest							7,097						7,097			(7,097)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock							21,019						21,019			(21,019)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]			1,847,158
Ending Balance at Jun. 30, 2024		17,785,427			$ 7		$ 6,260,619		$ 607,564		$ (34,617)		$ 6,833,573		$ 5,682,606	$ 5,269,248
Ending Balance, Units at Jun. 30, 2024	[1]			722,540,712
Ending Balance at Jun. 30, 2024		$ 888,868
[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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Series I Preferred Stock
Conversion of stocks	one share outstanding	one share outstanding	one share outstanding	one share outstanding
Series II Preferred Stock
Conversion of stocks	one share outstanding	one share outstanding	one share outstanding	one share outstanding

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net Income	$ 2,544,346	$ 1,414,388
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Net Realized Gains on Investments	(1,481,780)	(1,495,744)
Changes in Unrealized (Gains) Losses on Investments	(485,306)	286,350
Non-Cash Performance Allocations	(568,172)	644,827
Non-Cash Performance Allocations and Incentive Fee Compensation	948,128	370,185
Equity-Based Compensation Expense	621,681	537,781
Amortization of Intangibles	17,963	22,062
Other Non-Cash Amounts Included in Net Income	(193,577)	(429,942)
Cash Flows Due to Changes in Operating Assets and Liabilities
Cash Acquired With Consolidation Of Fund Entities	6,845
Cash Relinquished with Deconsolidation of Fund Entities	(113,224)	(113,588)
Accounts Receivable	(87,957)	(317,147)
Due from Affiliates	(183,990)	68,804
Other Assets	(143,741)	(21,998)
Accrued Compensation and Benefits	(515,761)	(544,006)
Accounts Payable, Accrued Expenses and Other Liabilities	132,969	(61,119)
Due to Affiliates	(113,830)	(17,375)
Investments Purchased	(957,895)	(1,598,446)
Cash Proceeds from Sale of Investments	2,671,708	3,333,272
Net Cash Provided by Operating Activities	2,098,407	2,078,304
Investing Activities
Purchase of Furniture, Equipment and Leasehold Improvements	(30,136)	(130,236)
Net Cash Paid for Acquisitions, Net of Cash Acquired		(5,420)
Net Cash Used in Investing Activities	(30,136)	(135,656)
Financing Activities
Distributions to Non-Controlling Interest Holders in Consolidated Entities	(454,107)	(449,225)
Contributions from Non-Controlling Interest Holders in Consolidated Entities	519,358	391,813
Payments Under Tax Receivable Agreement	(87,508)	(64,634)
Net Settlement of Vested Common Stock and Repurchase of Common Stock and Blackstone Holdings Partnership Units	(384,862)	(199,232)
Repayment and Repurchase of Loans Payable	(60,791)	(429,698)
Dividends/Distributions to Stockholders and Unitholders	(2,264,611)	(2,190,081)
Net Cash Used in Financing Activities	(2,732,521)	(2,941,057)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	(6,984)	342
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other
Net Decrease	(671,234)	(998,067)
Beginning of Period	3,272,063	4,493,715
End of Period	2,600,829	3,495,648
Supplemental Disclosure of Cash Flows Information
Payments for Interest	171,744	216,813
Payments for Income Taxes	413,957	330,654
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Non-Cash Contributions from Non-Controlling Interest Holders	4,942	11,241
Non-Cash Distributions to Non-Controlling Interest Holders	(415)	(72,861)
Transfer of Interests to Non-Controlling Interest Holders	(6,925)	(2,795)
Change in Blackstone Inc.'s Ownership Interest	(2,794)	(3,009)
Net Settlement of Vested Common Stock	358,981	267,519
Conversion of Blackstone Holdings Units to Common Stock	31,556	28,644
Acquisition of Ownership Interests from Non-Controlling Interest Holders
Deferred Tax Asset	(153,044)	(58,780)
Due to Affiliates	84,500	54,861
Equity	$ 68,544	$ 3,919

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents	$ 2,381,436	$ 2,955,866
Cash Held by Blackstone Funds and Other	219,393	316,197
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	$ 2,600,829	$ 3,272,063	$ 3,495,648	$ 4,493,715

Organization

Organization	6 Months Ended
	Jun. 30, 2024
Organization	1.   Organization Blackstone Inc., together with its consolidated subsidiaries (“Blackstone” or the “Company”), is the world’s largest alternative asset manager. Blackstone’s asset management business includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. “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, Credit & Insurance and Multi-Asset Investing. Blackstone Inc. was initially formed as The Blackstone Group L.P., a Delaware limited partnership, on March 12, 2007. Prior to its conversion on 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”). The activities of Blackstone are conducted through its holding partnerships: Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. (collectively, “Blackstone Holdings,” “Blackstone Holdings Partnerships” or the “Holding Partnerships”). Blackstone, through its wholly owned subsidiaries, is the sole general partner of each of the Holding Partnerships. Generally, holders of the limited partner interests in the Holding Partnerships may, four times each year, exchange their limited partnership interests (“Partnership Units”) for Blackstone common stock, on a one-to-one

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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 17. “Segment Reporting” for a disaggregated presentation of revenues from contracts with customers. Management and Advisory Fees, Net Blackstone earns base management fees from its customers at a fixed percentage of a calculation base which is typically assets under management, net asset value, gross asset value, total assets, committed capital or invested capital. Blackstone identifies its customers on a fund by fund basis in accordance with the terms and circumstances of the individual fund. Generally the customer is identified as the investors in its managed funds and investment vehicles, but for certain widely held funds or vehicles, the fund or vehicle itself may be identified as the customer. These customer contracts require Blackstone to provide investment management services, which represents a performance obligation that Blackstone satisfies over time. Management fees are a form of variable consideration because the fees Blackstone is entitled to vary based on fluctuations in the basis for the management fee. The amount recorded as revenue is generally determined at the end of the period because these management fees are payable on a regular basis (typically quarterly) and are not subject to clawback once paid. Transaction, advisory and other fees are principally fees charged to the investors of funds indirectly through the managed funds and portfolio companies. The investment advisory agreements generally require that the investment adviser reduce the amount of management fees payable by the investors to Blackstone (“management fee reductions”) by an amount equal to a portion of the transaction and other fees paid to Blackstone by the portfolio companies. The amount of the reduction varies by fund, the type of fee paid by the portfolio company and the previously incurred expenses of the fund. These fees and associated management fee reductions are a component of the transaction price for Blackstone’s performance obligation to provide investment management services to the investors of funds and are recognized as changes to the transaction price in the period in which they are charged and the services are performed. Management fee offsets are reductions to management fees payable by the investors of the Blackstone Funds, which are based on the amount such investors reimburse the Blackstone Funds or Blackstone primarily for placement fees. Providing investment management services requires Blackstone to arrange for services on behalf of its customers. In those situations where Blackstone is acting as an agent on behalf of the investors of funds, it presents the cost of services as net against management fee revenue. In all other situations, Blackstone is primarily responsible for fulfilling the services and is therefore acting as a principal for those arrangements. As a result, the cost of those services is presented as Compensation or General, Administrative and Other expense, as appropriate, with any reimbursement from the investors of the funds recorded as Management and Advisory Fees, Net. In cases where the investors of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract. Capitalized placement fees are amortized over the life of the customer contract, are recorded within Other Assets in the Consolidated Statements of Financial Condition and amortization is recorded within General, Administrative and Other within the Consolidated Statements of Operations. Accrued but unpaid Management and Advisory Fees, net of management fee reductions and management fee offsets, as of the reporting date are included in Due from Affiliates in the Condensed Consolidated Statements of Financial Condition. Incentive Fees Investment Income (Loss) In carry fund structures and certain open-ended 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 in carry fund structures are made to the general partner based on cumulative fund performance to date, subject to a preferred return to limited partners. Performance Allocations in open-ended structures are based on vehicle performance over a period of time, subject to a high water mark and preferred return to investors. 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 in carry fund structures 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 in carry fund structures are subject to clawback to the extent that the Performance Allocation received to date exceeds the amount due to Blackstone based on cumulative results. As such, the accrual for potential repayment of previously received Performance Allocations, which is a component of Due to Affiliates, represents all amounts previously distributed to Blackstone Holdings and non-controlling Principal Investments include the unrealized and realized gains and losses on Blackstone’s principal investments, including its investments in Blackstone Funds that are not consolidated and receive pro-rata Interest and Dividend Revenue Other Revenue Fair Value of Financial Instruments GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: ● Level I – Quoted prices are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments in Level I include listed equities, listed derivatives and mutual funds with quoted prices. Blackstone does not adjust the quoted price for these investments, even in situations where Blackstone holds a large position and a sale could reasonably impact the quoted price. ● Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Financial instruments which are generally included in this category include corporate bonds and loans, including corporate bonds and loans held within consolidated collateralized loan obligations (“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, real estate funds and credit-focused funds, distressed debt and non-investment non-consolidated 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 debt instruments, 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 including those 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. ● Notes issued by consolidated CLO vehicles are measured based on the more observable fair value of CLO assets less (a) the fair value of any beneficial interests held by Blackstone, and (b) the carrying value of any beneficial interests that represent compensation for services. 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 non-consolidated Real Estate Investments Private Equity Investments Credit-Focused Investments The market approach is generally used to determine the enterprise value of the issuer of a credit investment, and considers valuation multiples of comparable companies or transactions. The resulting enterprise value will dictate whether or not such credit investment has adequate enterprise value coverage. In cases of distressed credit instruments, the market approach may be used to estimate a recovery value in the event of a restructuring. Investments, at Fair Value Generally, the Blackstone Funds are accounted for as investment companies under the American Institute of Certified Public Accountants Audit and Accounting 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 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 the assets of consolidated CLO vehicles. As permitted under GAAP, Blackstone measures notes issued by consolidated CLO vehicles as (a) the sum of the fair value of the consolidated CLO assets and the carrying value of any non-financial Non-Controlling Condensed Consolidated Statements of Financial Condition and notes payable within Loans Payable for the amounts due to unaffiliated third parties. Changes in the fair value of consolidated CLO assets and liabilities and related interest, dividend and other income are presented within Net Gains (Losses) from Fund Investment Activities. Expenses of consolidated CLO vehicles are presented in Fund Expenses. 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, quoted prices that are published on a regular basis and are the basis for current transactions 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 generally include both a proportionate and disproportionate allocation of the profits and losses (as is the case with carry funds that include a Performance Allocation), are accounted for under the equity method. Under the equity method of accounting, Blackstone’s share of earnings (losses) from equity method investments is included in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. In cases where Blackstone’s equity method investments provide for a disproportionate allocation of the profits and losses (as is the case with funds that include a Performance Allocation), Blackstone’s share of earnings (losses) from equity method investments is determined using a balance sheet approach referred to as the hypothetical liquidation at book value (“HLBV”) method. Under the HLBV method, at the end of each reporting period, Blackstone calculates the Accrued Performance Allocations that would be due to Blackstone for each fund pursuant to the fund agreements as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as Accrued Performance Allocations to reflect either (a) positive performance resulting in an increase in the Accrued Performance Allocation to the general partner, or (b) negative performance that would cause the amount due to Blackstone to be less than the amount previously recognized as revenue, resulting in a negative adjustment to the Accrued Performance Allocation to the general partner. In each scenario, it is necessary to calculate the Accrued Performance Allocation on cumulative results compared to the Accrued Performance Allocation recorded to date and make the required positive or negative adjustments. Blackstone ceases to record negative Performance Allocations once previously Accrued Performance Allocations for such fund have been fully reversed. Blackstone is not obligated to pay guaranteed returns or hurdles, and therefore, cannot have negative Performance Allocations over the life of a fund. The carrying amounts of equity method investments are reflected in Investments in the Condensed Consolidated Statements of Financial Condition. Strategic Partners’ results presented in Blackstone’s condensed consolidated financial statements are reported on a three-month lag from Strategic Partners’ fund financial statements, which report the performance of underlying investments generally on a same quarter basis, if available. Therefore, Strategic Partners’ results presented herein do not reflect the impact of economic and market activity in the current quarter. Current quarter market activity of Strategic Partners’ underlying investments is expected to affect Blackstone’s reported results in upcoming periods. 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 vehicles may be granted redemption rights that allow for quarterly or monthly redemption, as outlined in the relevant governing documents. Such redemption rights may be subject to certain limitations, including limits on the aggregate amount of interests 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 vehicles are presented as Redeemable Non-Controlling non-controlling Non-Controlling Non-Controlling Non-Controlling Certain costs and expenses are borne directly by the Holdings Partnerships. Income (Loss), excluding those costs directly borne by and attributable to the Holdings Partnerships, is attributable to Non-Controlling Income Taxes Provision for Income Taxes Income taxes are provided for using the asset and liability method under which deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities, resulting in all pretax amounts being appropriately tax effected in the period, irrespective of which tax return year items will be reflected. Blackstone reports interest expense and tax penalties related to income tax matters in provision for income taxes. Deferred Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are established to reduce the deferred tax assets to the amount that is more likely than not to be realized. Deferred tax assets are separately stated, and deferred tax liabilities are included in Accounts Payable, Accrued Expenses, and Other Liabilities in the condensed consolidated 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 that 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. Accrued interest and penalties related to unrecognized tax benefits are reported on the related liability line in the condensed consolidated financial statements. Net Income (Loss) Per Share of Common Stock Basic Income (Loss) Per Share of Common Stock is calculated by dividing Net Income (Loss) Attributable to Blackstone Inc. by the weighted-average shares of common stock, unvested participating shares of common stock outstanding for the period and vested deferred restricted shares of common stock that have been earned for which issuance of the related shares of common stock is deferred until future periods. Diluted Income (Loss) Per Share of Common Stock reflects the impact of all dilutive securities. Unvested participating shares of common stock are excluded from the computation in periods of loss as they are not contractually obligated to share in losses. Blackstone applies the treasury stock method to determine the dilutive weighted-average common shares outstanding for certain equity-based compensation awards. Blackstone applies the “if-converted” Reverse Repurchase and Repurchase Agreements Securities purchased under agreements to resell (“reverse repurchase agreements”) and securities sold under agreements to repurchase (“repurchase agreements”), generally comprised 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. 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 10. “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 within Accounts Payable, Accrued Expenses and Other Liabilities 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 (Losses) 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 nettin

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Intangible Assets	3. Intangible Assets Intangible Assets, Net consists of the following: June 30, December 31, 2024 2023 Finite-Lived Intangible Assets/Contractual Rights  $ 1,769,372  $ 1,769,372 Accumulated Amortization (1,586,126 ) (1,568,164 ) Intangible Assets, Net  $ 183,246  $ 201,208 Amortization expense associated with Blackstone’s intangible assets was $9.0 million and $18.0 million for the three and six months ended June 30, 2024, respectively, and $9.1 million and $22.1 million for the three and six months ended June 30, 2023, respectively. Amortization of Intangible Assets held at June 30, 2024 is expected to be $35.9 million, $35.9 million, $35.7 million, $34.6 million, and $17.8 million for each of the years ending December 31, 2024, 2025, 2026, 2027, and 2028, respectively. Blackstone’s Intangible Assets as of June 30, 2024 are expected to amortize over a weighted-average period of 5.7 years.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments	4.  Investments Investments consist of the following: June 30, December 31, 2024 2023 Investments of Consolidated Blackstone Funds  $ 3,621,676  $ 4,319,483 Equity Method Investments Partnership Investments 6,107,429 5,924,275 Accrued Performance Allocations 11,132,801 10,775,355 Corporate Treasury Investments 176,330 803,870 Other Investments 5,388,053 4,323,639  $ 26,426,289  $ 26,146,622 Blackstone’s share of Investments of Consolidated Blackstone Funds totaled $404.7 million and $1.0 billion at June 30, 2024 and December 31, 2023, respectively. Where appropriate, the accounting for Blackstone’s investments incorporates the changes in fair value of those investments as determined under GAAP. The significant inputs and assumptions required to determine the change in fair value of the investments of Consolidated Blackstone Funds, Corporate Treasury Investments and Other Investments are discussed in more detail in Note 8. “Fair Value Measurements of Financial Instruments.” Investments of Consolidated Blackstone Funds The following table presents the Realized and Net Change in Unrealized Gains (Losses) on investments held by the consolidated Blackstone Funds and a reconciliation to Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities in the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ 17,966  $ 3,653  $ (40,446)  $ 20,808 Net Change in Unrealized Gains 20,393 58,104 55,518 40,950 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds 38,359 61,757 15,072 61,758 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 6,575 18,743 12,095 89,806 Other Income – Net Gains from Fund Investment Activities  $ 44,934  $ 80,500  $ 27,167  $ 151,564 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 $141.1 million and $91.4 million for the three months ended June 30, 2024 and 2023, respectively. Blackstone recognized net gains (losses) related to its equity method investments of $297.1 million and $160.5 million for the six months ended June 30, 2024 and 2023, respectively. Accrued Performance Allocations Accrued Performance Allocations to Blackstone were as follows: Real Private Credit & Multi-Asset Estate Equity Insurance Investing Total Accrued Performance Allocations, December 31, 2023  $ 2,990,602  $ 7,093,920  $ 599,779  $ 91,054  $ 10,775,355 Performance Allocations as a Result of Changes in Fund Fair Values 38,242 1,403,303 260,900 108,571 1,811,016 Foreign Exchange Gain 1,321 — — — 1,321 Fund Distributions (351,760 ) (857,362 ) (155,617 ) (90,152 ) (1,454,891 )  $ Accrued Performance Allocations, June 30, 2024  $ 2,678,405  $ 7,639,861  $ 705,062  $ 109,473  $ 11,132,801 Corporate Treasury Investments The portion of corporate treasury investments included in Investments represents Blackstone’s investments into primarily fixed income securities, mutual fund interests, and other fund interests. These strategies are managed by a combination of Blackstone personnel and third party advisors. The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ (1,028 )  $  (2,297 )  $ (2,649 )  $ 77 Net Change in Unrealized Gains 4,036 791 2,776 8,586  $ 3,008  $ (1,506 )  $ 127  $    8,663   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 senior secured and subordinated notes in non-consolidated Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ 2,349  $ (18,109 )  $ 4,816    $ (16,185 ) Net Change in Unrealized Gains (Losses) (8,432 ) 157,968 447,368 (155,185 )  $ (6,083 )  $ 139,859  $ 452,184  $ (171,370 )

Net Asset Value as Fair Value

Net Asset Value as Fair Value	6 Months Ended
	Jun. 30, 2024
Net Asset Value as Fair Value	5.  Net Asset Value as Fair Value A summary of fair value by strategy type and ability to redeem such investments as of June 30, 2024 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value  (if currently eligible)  Notice Period Equity  $ 351,071 (b) (b) Real Estate 111,920 (c) (c) Other 6,602 (d) (d)  $    469,593 (a) As of June 30, 2024, 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 75% 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 25% of the fair value of the investments in this category are redeemable as of the reporting date. (c) The Real Estate category includes investments in funds that primarily invest in real estate assets. All investments in this category are redeemable as of the reporting date. (d) Other is composed of the Credit Driven category, the Commodities category and the Diversified Instruments category. The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. The Commodities category includes investments in commodities-focused funds that primarily invest in futures and physical-based commodity driven strategies. The Diversified Instruments category includes investments in funds that invest across multiple strategies. All investments in these categories may not be redeemed at, or within three months of, the reporting date.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2024
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 and business purposes. Blackstone may enter into derivative contracts in order to hedge its interest rate risk exposure against the effects of interest rate changes. Additionally, Blackstone may also enter into derivative contracts in order to hedge its foreign currency risk exposure against the effects of a portion of its non-U.S. Freestanding Derivatives Freestanding derivatives are instruments that Blackstone and certain of the consolidated Blackstone Funds have entered into as part of their overall risk management and investment strategies. These derivative contracts are not designated as hedging instruments for accounting purposes. Such contracts may include interest rate swaps, foreign exchange contracts, equity swaps, options, futures and other derivative contracts. The table below summarizes the aggregate notional amount and fair value of the derivative financial instruments. The notional amount represents the absolute value amount of all outstanding derivative contracts. June 30, 2024 December 31, 2023 Assets Liabilities Assets Liabilities Fair Fair Fair Fair Notional Value Notional Value Notional Value Notional Value Freestanding Derivatives Blackstone Interest Rate Contracts  $ 626,740  $ 172,793  $ 600,000  $ 107,468  $ 634,840  $ 145,798  $ 607,000  $ 86,589 Foreign Currency Contracts 334,736 3,405 287,390 1,233 387,102 11,442 334,228 3,538 Credit Default Swaps — — 640 7 3,108 479 3,748 508 Total Return Swaps 45,878 12,848 — — 63,158 13,171 — — Equity Options — — 1,137,377 751,513 — — 1,110,490 563,986 1,007,354 189,046 2,025,407 860,221 1,088,208 170,890 2,055,466 654,621 Investments of Consolidated Blackstone Funds Interest Rate Contracts 836,703 30,389 — — 855,683 19,189 — — 836,703 30,389 — — 855,683 19,189 — —  $  1,844,057  $  219,435  $  2,025,407  $  860,221  $  1,943,891  $  190,079  $  2,055,466  $  654,621 The table below summarizes the impact to the Condensed Consolidated Statements of Operations from derivative financial instruments: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts  $ —  $ (189 )  $ (614 )  $ 147 Foreign Currency Contracts (2,223 ) 4,433 3,302 10,023 Credit Default Swaps — (362 ) 75 (413 ) Total Return Swaps 4,550 6,373 12,870 11,025 2,327 10,255 15,633 20,782 Net Change in Unrealized Gains (Losses) Interest Rate Contracts 21,072 4,897 22,096 2,777 Foreign Currency Contracts 2,607 (4,655 ) (5,615 ) (7,838 ) Credit Default Swaps 2 592 (52 ) 364 Total Return Swaps 2,181 (2,164 ) (3,338 ) (2,177 ) Equity Options (105,511 ) (18,038 ) (187,527 ) (172,876 ) (79,649 ) (19,368 ) (174,436 ) (179,750 )  $ (77,322 )  $ (9,113 )  $ (158,803 )  $ (158,968 ) As of June 30, 2024 and December 31, 2023, Blackstone had not designated any derivatives as fair value, cash flow or net investment hedges.

Fair Value Option

Fair Value Option	6 Months Ended
	Jun. 30, 2024
Fair Value Option	7.  Fair Value Option The following table summarizes the financial instruments for which the fair value option has been elected: June 30, December 31, 2024 2023 Assets Loans and Receivables  $ 135,577  $ 60,738 Equity and Preferred Securities 3,176,005 2,894,302 Debt Securities 61,365 63,486 Assets of Consolidated CLO Vehicles Corporate Loans 106,268 938,801  $   3,479,215  $   3,957,327 Liabilities CLO Notes Payable  $ 130,321  $ 687,122 Corporate Treasury Commitments 1,486 1,264  $ 131,807  $ 688,386 The following tables present the Realized and Net Change in Unrealized Gains (Losses) on financial instruments on which the fair value option was elected: Three Months Ended June 30, 2024 2023 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) Assets Loans and Receivables  $ (1,418 )  $ 220  $ (5,232 )  $ 4,227 Equity and Preferred Securities 2,907 (19,080 ) (2,878 ) 26,812 Debt Securities — (1,392 ) — (876 ) Assets of Consolidated CLO Vehicles Corporate Loans 242 (1,001 ) (3,070 ) 4,150  $ 1,731  $ (21,253 )  $ (11,180 )  $ 34,313 Liabilities CLO Notes Payable  $ —  $ 1,175  $ —  $ (1,541 ) Corporate Treasury Commitments — (599 ) — 2,147  $ —  $ 576  $ —  $ 606 Six Months Ended June 30, 2024 2023 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) Assets Loans and Receivables  $ (3,022 )  $ (188 )  $ (5,995 )  $ 3,924 Equity and Preferred Securities 5,188 (1,351 ) (1,182 ) (18,301 ) Debt Securities — (2,121 ) — (2,707 ) Assets of Consolidated CLO Vehicles Corporate Loans (2,604 ) 1,455 (6,199 ) 4,632  $ (438 )  $ (2,205 )  $ (13,376 )  $ (12,452 ) Liabilities CLO Notes Payable  $ —  $ 1,775  $ —  $ 923 Corporate Treasury Commitments — (222 ) — 4,373  $ —  $ 1,553  $ —  $ 5,296 The following table presents information for those financial instruments for which the fair value option was elected: June 30, 2024 December 31, 2023 For Financial Assets For Financial Assets Past Due (a) Past Due (a) Excess (Deficiency) Excess Excess Excess (Deficiency) 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  $ 489  $ —  $ —  $ 675  $ —  $ — Debt Securities (55,267 ) — — (52,577 ) — — Assets of Consolidated CLO Vehicles Corporate Loans (4,198 ) 1,313 — (8,751 ) 1,345 —  $ (58,976 )  $ 1,313  $ —  $ (60,653 )  $ 1,345  $ — (a) Assets are classified as past due if contractual payments are more than 90 days past due. As of June 30, 2024 and December 31, 2023, no Loans and Receivables for which the fair value option was elected were past due or in non-accrual non-accrual

Fair Value Measurements of Fina

Fair Value Measurements of Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Measurements of Financial Instruments	8. Fair Value Measurements of Financial Instruments The following tables summarize the valuation of Blackstone’s financial assets and liabilities by the fair value hierarchy: June 30, 2024 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents  $ 51,874  $ —  $ —  $ —  $ 51,874 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 9,678 130,690 2,866,172 462,991 3,469,531 Debt Instruments — 106,375 15,381 — 121,756 Freestanding Derivatives — 30,389 — — 30,389 Total Investments of Consolidated Blackstone Funds 9,678 267,454 2,881,553 462,991 3,621,676 Corporate Treasury Investments 69,053 103,278 3,999 — 176,330 Other Investments 2,017,359 2,828,209 198,096 6,602 5,050,266 Total Investments 2,096,090 3,198,941 3,083,648 469,593 8,848,272 Accounts Receivable - Loans and Receivables — — 135,577 — 135,577 Other Assets - Freestanding Derivatives — 176,198 12,848 — 189,046  $ 2,147,964  $ 3,375,139  $ 3,232,073  $ 469,593  $ 9,224,769 Liabilities Loans Payable - CLO Notes Payable  $ —  $ 130,321  $ —  $ —  $ 130,321 Accounts Payable, Accrued Expenses and Other Liabilities Freestanding Derivatives — 108,708 751,513 — 860,221 Contingent Consideration — — 504 — 504 Corporate Treasury Commitments — — 1,486 — 1,486 Securities Sold, Not Yet Purchased 3,873 — — — 3,873 Total Accounts Payable, Accrued Expenses and Other Liabilities 3,873 108,708 753,503 — 866,084  $ 3,873  $ 239,029  $ 753,503  $ —  $ 996,405 December 31, 2023 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents  $ 263,574  $ —  $ —  $ —  $ 263,574 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 11,118 123,022 2,653,246 558,259 3,345,645 Debt Instruments — 924,264 30,385 — 954,649 Freestanding Derivatives — 19,189 — — 19,189 Total Investments of Consolidated Blackstone Funds 11,118 1,066,475 2,683,631 558,259 4,319,483 Corporate Treasury Investments 72,071 435,430 296,369 — 803,870 Other Investments 1,564,112 2,355,423 223,441 7,275 4,150,251 Total Investments 1,647,301 3,857,328 3,203,441 565,534 9,273,604 Accounts Receivable - Loans and Receivables — — 60,738 — 60,738 Other Assets - Freestanding Derivatives 90 157,629 13,171 — 170,890  $ 1,910,965  $ 4,014,957  $ 3,277,350  $ 565,534  $ 9,768,806 Liabilities Loans Payable - CLO Notes Payable  $ —  $ 687,122  $ —  $ —  $ 687,122 Accounts Payable, Accrued Expenses and Other Liabilities Freestanding Derivatives 436 90,199 563,986 — 654,621 Contingent Consideration — — 387 — 387 Corporate Treasury Commitments — — 1,264 — 1,264 Securities Sold, Not Yet Purchased 3,886 — — — 3,886 Total Accounts Payable, Accrued Expenses and Other Liabilities 4,322 90,199 565,637 — 660,158  $ 4,322  $ 777,321  $ 565,637  $ —  $ 1,347,280 LLC Limited Liability Company. (a) Equity Securities, Partnership and LLC Interest includes investments in investment funds. Within Investments of Consolidated Blackstone Funds and Other Investments, Blackstone held equity securities subject to sale restrictions with a fair value of $1.4 billion as of June 30, 2024. The nature of such restrictions are contractual or legal in nature and deemed an attribute of the holder rather than the investment. Contractual restrictions include certain phased restrictions on sale or transfer, underwriter lock-ups The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of June 30, 2024. Consistent with presentation in these Notes to Condensed Consolidated Financial Statements, this table presents the Level III Investments only of Consolidated Blackstone Funds and therefore does not reflect any other Blackstone Funds. Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests  $ 2,866,172 Discounted Cash Flows Discount Rate 3.4% - 38.8% 10.4% Lower Exit Multiple - EBITDA 4.0x - 30.6x 15.5x Higher Exit Capitalization Rate 3.1% - 13.7% 5.1% Lower Debt Instruments 15,381 Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 2,881,553 Corporate Treasury Investments 3,999 Third Party Pricing n/a Loans and Receivables 135,577 Discounted Cash Flows Discount Rate 8.5% - 10.1% Lower Other Investments (b) 210,944 Discounted Cash Flows Discount Rate 7.1% - 7.5% 7.3% Lower Third Party Pricing n/a  $ 3,232,073 Financial Liabilities Freestanding Derivatives (c)  $ 751,513 Option Pricing Model Volatility 6.1% n/a Higher Other Liabilities (d) 1,990 Third Party Pricing n/a Other n/a  $ 753,503 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, 2023: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests  $ 2,653,246 Discounted Cash Flows Discount Rate 3.3% - 38.0% 9.7% Lower Exit Multiple - EBITDA 4.0x - 30.6x 15.0x Higher Exit Capitalization Rate 3.1% - 12.8% 5.1% Lower Debt Instruments 30,385 Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 2,683,631 Corporate Treasury Investments 296,369 Discounted Cash Flows Discount Rate 11.2% - 22.4% 17.1% Lower Transaction Price n/a Loans and Receivables 60,738 Discounted Cash Flows Discount Rate 8.8% - 14.9% 10.3% Lower Other Investments (b) 236,612 Third Party Pricing n/a Transaction Price n/a  $ 3,277,350 Financial Liabilities Freestanding Derivatives (c)  $ 563,986 Option Pricing Model Volatility 6.3% n/a Higher Other Liabilities (d) 1,651 Third Party Pricing n/a Other n/a  $ 565,637 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 June 30, 2024 and December 31, 2023, Other Investments includes Level III Freestanding Derivatives. (c) The volatility of the historical performance of the underlying reference entity is used to project the expected returns relevant for the fair value of the derivative. (d) As of June 30, 2024 and December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments. For the six months ended June 30, 2024, there have been no changes in valuation techniques within Level II and Level III that have had a material impact on the valuation of financial instruments. The following tables summarize the changes in financial assets and liabilities measured at fair value for which Blackstone has used Level III inputs to determine fair value and does not include gains or losses that were reported in Level III in prior years or for instruments that were transferred out of Level III prior to the end of the respective reporting period. These tables also exclude financial assets and liabilities measured at fair value on a non-recurring Level III Financial Assets at Fair Value Three Months Ended June 30, 2024 2023 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  $ 2,703,592  $ 95,532  $ 77,142  $ 2,876,266  $ 4,338,509  $ 307,288  $ 74,604  $ 4,720,401 Transfer Into Level III (b) 2,726 — 109,347 112,073 124 — — 124 Transfer Out of Level III (b) (19,577 ) — (58 ) (19,635 ) (4,751 ) — — (4,751 ) Purchases 205,898 169,649 — 375,547 121,526 116,897 2,291 240,714 Sales (27,503 ) (118,391 ) (5,038 ) (150,932 ) (53,152 ) (349,787 ) (1,523 ) (404,462 ) Issuances — 7,519 — 7,519 — 6,319 — 6,319 Settlements (c) — (21,280 ) 306 (20,974 ) — (19,292 ) (5,225 ) (24,517 ) Changes in Gains Included in Earnings 16,417 2,548 1,978 20,943 37,595 15,436 3,465 56,496 Balance, End of Period  $ 2,881,553  $ 135,577  $ 183,677  $ 3,200,807  $ 4,439,851  $ 76,861  $ 73,612  $ 4,590,324 Changes in Unrealized Gains Earnings Related  $ 19,505  $ (546 )  $ 1,875  $ 20,834  $ 70,082  $ 19,577  $ 1,181  $ 90,840 Level III Financial Assets at Fair Value Six Months Ended June 30, 2024 2023 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  $ 2,683,631  $ 60,738  $ 373,024  $ 3,117,393  $ 4,249,832  $ 315,039  $ 30,971  $ 4,595,842 Transfer Out Due to Deconsolidation (14,237 ) — — (14,237 ) (3,837 ) — — (3,837 ) Transfer Into Level III (b) 6,160 — 109,347 115,507 13,997 — 898 14,895 Transfer Out of Level III (b) (22,123 ) — (58 ) (22,181 ) (5,064 ) — (2,725 ) (7,789 ) Purchases 339,014 319,288 5,675 663,977 170,869 171,967 51,693 394,529 Sales (61,818 ) (229,557 ) (295,030 ) (586,405 ) (121,707 ) (436,512 ) (1,703 ) (559,922 ) Issuances — 17,080 — 17,080 — 57,008 — 57,008 Settlements (c) — (35,392 ) (9,855 ) (45,247 ) — (53,088 ) (4,696 ) (57,784 ) Changes in Gains (Losses) Included in Earnings (49,074 ) 3,420 574 (45,080 ) 135,761 22,447 (826 ) 157,382 Balance, End of Period  $ 2,881,553  $ 135,577  $ 183,677  $ 3,200,807  $ 4,439,851  $ 76,861  $ 73,612  $ 4,590,324 Changes in Unrealized Gains Earnings  $ (19,789 )  $ (1,340 )  $ 3,088  $ (18,041 )  $ 89,027  $ 17,839  $ 4,653  $ 111,519 Level III Financial Liabilities at Fair Value Three Months Ended June 30, 2024 2023 Freestanding Other Freestanding Other Derivatives Liabilities Total Derivatives Liabilities Total Balance, Beginning of Period  $ 646,002  $ 1,391  $ 647,393  $ 203,419  $ 8,218  $ 211,637 Transfer In (Out) Due to Consolidation and Acquisition — — — — (1,500 ) (1,500 ) Changes in Losses (Gains) Included in Earnings 105,511 599 106,110 18,038 (2,147 ) 15,891 Balance, End of Period  $ 751,513  $ 1,990  $ 753,503  $ 221,457  $ 4,571  $ 226,028 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 105,511  $ 599  $ 106,110  $ 18,038  $ (2,147 )  $ 15,891 Level III Financial Liabilities at Fair Value Six Months Ended June 30, 2024 2023 Freestanding Other Freestanding Other Derivatives Liabilities Total Derivatives Liabilities Total Balance, Beginning of Period  $ 563,986  $ 1,651  $ 565,637  $ 48,581  $ 8,144  $ 56,725 Transfer In (Out) Due to Consolidation and Acquisition — — — — 800 800 Changes in Losses (Gains) Included in Earnings 187,527 339 187,866 172,876 (4,373 ) 168,503 Balance, End of Period  $ 751,513  $ 1,990  $ 753,503  $ 221,457  $ 4,571  $ 226,028 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 187,527  $ 339  $ 187,866  $ 172,876  $ (4,373 )  $ 168,503 (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	6 Months Ended
	Jun. 30, 2024
Variable Interest Entities	9.  Variable Interest Entities Pursuant to GAAP consolidation guidance, Blackstone consolidates certain VIEs for which it is the primary beneficiary either directly or indirectly, through a consolidated entity or affiliate. VIEs include certain private equity, real estate, credit-focused or funds of hedge funds entities and CLO vehicles. The purpose of such VIEs is to provide strategy specific investment opportunities for investors in exchange for management and performance-based fees. The investment strategies of the Blackstone Funds differ by product; however, the fundamental risks of the Blackstone Funds are similar, including loss of invested capital and loss of management fees and performance-based fees. In Blackstone’s role as general partner, collateral manager or investment adviser, it generally considers itself the sponsor of the applicable Blackstone Fund. Blackstone does not provide performance guarantees and has no other financial obligation to provide funding to consolidated VIEs other than its own capital commitments. The assets of consolidated variable interest entities may only be used to settle obligations of these entities. In addition, there is no recourse to Blackstone for the consolidated VIEs’ liabilities. Blackstone holds variable interests in certain VIEs which are not consolidated as it is determined that Blackstone is not the primary beneficiary. Blackstone’s involvement with such entities is in the form of direct and indirect equity interests and fee arrangements. The maximum exposure to loss represents the loss of assets recognized by Blackstone relating to non-consolidated non-consolidated June 30, December 31, 2024 2023 Investments  $ 4,282,078  $ 3,751,591 Due from Affiliates 262,347 203,187 Potential Clawback Obligation 83,537 72,119 Maximum Exposure to Loss  $  4,627,962  $  4,026,897 Amounts Due to Non-Consolidated  $ 256  $ 223

Offsetting of Assets And Liabil

Offsetting of Assets And Liabilities	6 Months Ended
	Jun. 30, 2024
Offsetting of Assets and Liabilities	10. Offsetting of Assets and Liabilities The following tables present the offsetting of assets and liabilities as of June 30, 2024 and December 31, 2023: June 30, 2024 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  $ 219,435  $ 137,905  $ 65,225  $ 16,305 June 30, 2024 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  $ 108,708  $ 108,507  $ 13  $ 188 Repurchase Agreements 9,562 9,562 — —  $ 118,270  $ 118,069  $ 13  $ 188 December 31, 2023 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  $ 190,079  $ 107,330  $ 49,532  $ 33,217 December 31, 2023 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  $ 90,635  $ 87,777  $ 625  $ 2,233 (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. As of June 30, 2024, Blackstone pledged assets with a carrying value of $9.6 million and a remaining contractual maturity greater than 90 days to collateralize its repurchase agreements. As of December 31, 2023, Blackstone had no repurchase agreements and hence no pledged securities or collateral outstanding. Freestanding Derivative liabilities and repurchase agreements are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Condensed Consolidated Statements of Financial Condition. The following table presents the components of Other Assets: June 30, December 31, 2024 2023 Furniture, Equipment and Leasehold Improvements  $ 964,586  $ 937,355 Less: Accumulated Depreciation (442,651) (394,602) Furniture, Equipment and Leasehold Improvements, Net 521,935 542,753 Prepaid Expenses 343,534 207,886 Freestanding Derivatives 189,046 170,890 Other 28,885 23,319  $   1,083,400  $   944,848 Notional Pooling Arrangements Blackstone has notional cash pooling arrangements with financial institutions for cash management purposes. These arrangements allow for cash withdrawals based upon aggregate cash balances on deposit at the same financial institution. Cash withdrawals cannot exceed aggregate cash balances on deposit. The net balance of cash on deposit and overdrafts is used as a basis for calculating net interest expense or income. As of June 30, 2024, the aggregate cash balance on deposit relating to the cash pooling arrangements was $1.1 billion, which was offset and reported net of the accompanying overdraft of $1.1 billion.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Borrowings	11. Borrowings The following table presents each of Blackstone’s borrowings as of June 30, 2024 and December 31, 2023, as well as their carrying value and fair value. The borrowings are included in Loans Payable within the Condensed Consolidated Statements of Financial Condition. Each of the Senior Notes were issued at a discount through Blackstone’s indirect subsidiary, Blackstone Holdings Finance Co. L.L.C. The Senior Notes accrue interest from the issue date thereof and pay interest in arrears on a semi-annual basis or annual basis. The Secured Borrowings were issued at par, accrue interest from the issue date thereof and pay interest in arrears on a quarterly basis. CLO Notes Payable pay interest in arrears on a quarterly basis. June 30, 2024 December 31, 2023 Carrying Fair Carrying Fair Description Value Value Value Value Blackstone Operating Borrowings Senior Notes (a) 2.000 5/19/2025  $ 326,438  $ 316,643  $ 336,005  $ 324,778 1.000 10/5/2026 645,084 606,778 664,085 620,864 3.150 10/2/2027 298,669 281,307 298,476 283,059 5.900 11/3/2027 595,950 612,414 595,411 625,158 1.625 8/5/2028 645,888 567,853 645,406 566,508 1.500 4/10/2029 647,358 589,423 666,655 601,272 2.500 1/10/2030 494,067 435,685 493,573 431,005 1.600 3/30/2031 496,678 394,050 496,447 391,955 2.000 1/30/2032 789,891 631,368 789,283 633,153 2.550 3/30/2032 495,907 414,395 495,670 410,755 6.200 4/22/2033 892,225 946,970 891,899 962,037 3.500 6/1/2034 506,384 527,546 521,549 536,319 6.250 8/15/2042 239,604 258,883 239,457 263,270 5.000 6/15/2044 490,116 459,190 489,975 464,560 4.450 7/15/2045 344,765 295,155 344,691 297,486 4.000 10/2/2047 291,260 231,543 291,149 233,685 3.500 9/10/2049 392,526 281,848 392,436 294,608 2.800 9/30/2050 394,177 239,220 394,103 252,008 2.850 8/5/2051 543,397 336,969 543,317 352,457 3.200 1/30/2052 987,539 660,130 987,401 696,740 10,517,923 9,087,370 10,576,988 9,241,677 Other (b) Secured Borrowing, Due 10/27/2033 19,949 19,949 19,949 19,949 Secured Borrowing, Due 1/29/2035 20,000 20,000 20,000 20,000 10,557,872 9,127,319 10,616,937 9,281,626 Borrowings of Consolidated Blackstone Funds CLO Notes Payable (c) 130,321 130,321 687,122 687,122 130,321 130,321 687,122 687,122  $ 10,688,193  $ 9,257,640  $ 11,304,059  $ 9,968,748 (a) Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy. (b) The Secured Borrowing, Due 10/27/2033 7.64 1/29/2035 7.64 48.5 (c) CLO Notes Payable have maturity dates ranging from June 2025 to January 2037 8.67 Scheduled principal payments for borrowings as of June 30, 2024 were as follows: Blackstone  Borrowings of  Operating Consolidated Total 2024  $ —  $ —  $ — 2025 329,614 — 329,614 2026 648,827 — 648,827 2027 911,589 — 911,589 2028 664,090 — 664,090 Thereafter 8,128,430 141,792 8,270,222  $ 10,682,550  $ 141,792  $ 10,824,342

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Taxes	12.  Income Taxes Blackstone’s net deferred tax assets relate primarily to basis differences resulting from a step-up Blackstone is subject to examination by the U.S. Internal Revenue Service and other taxing authorities where Blackstone has significant business operations such as the United Kingdom, and various state and local jurisdictions such as New York State and New York City. The tax years under examination vary by jurisdiction. Blackstone does not expect the completion of these audits to have a material impact on its financial condition, but it may be material to operating results for a particular period, depending on the operating results for that period. Blackstone believes the liability established for unrecognized tax benefits is adequate in relation to the potential for additional assessments. It is reasonably possible that changes in the balance of unrecognized tax benefits may occur within the next 12 months; however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and the impact on Blackstone’s effective tax rate over the next 12 months. As of June 30, 2024, the following are the major filing jurisdictions and their respective earliest open tax period subject to examination: Jurisdiction Year Federal 2020 New York City 2009 New York State 2016 United Kingdom 2011

Earnings Per Share and Stockhol

Earnings Per Share and Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Earnings Per Share and Stockholders' Equity	13. Earnings Per Share and Stockholders’ Equity Earnings Per Share Basic and diluted net income per share of common stock for the three and six months ended June 30, 2024 and 2023 was calculated as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted  $ 444,414  $ 601,274  $ 1,291,800  $ 687,086 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 769,187,351 758,479,943 764,492,944 752,306,729 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 47,326 68,305 253,218 323,656 Weighted-Average Shares of Common Stock Outstanding, Diluted  769,234,677  758,548,248  764,746,162  752,630,385 Net Income Per Share of Common Stock Basic  $ 0.58  $ 0.79  $ 1.69  $ 0.91 Diluted  $ 0.58  $ 0.79  $ 1.69  $ 0.91 Dividends Declared Per Share of Common Stock (a)  $ 0.83  $ 0.82  $ 1.77  $ 1.73 (a) Dividends declared reflects the calendar date of the declaration for each distribution. In computing the dilutive effect that the exchange of Blackstone Holdings Partnership Units would have on Net Income Per Share of Common Stock, Blackstone considered that net income available to holders of shares of common stock would increase due to the elimination of non-controlling non-controlling The following table summarizes the anti-dilutive securities for the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Weighted-Average Blackstone Holdings Partnership Units 456,231,581 461,569,524 457,074,596 462,255,884 Share Repurchase Program During the three and six months ended June 30, 2024, Blackstone repurchased 2.0 million and 2.7 million shares of common stock at a total cost of $244.3 million and $332.7 million, respectively. During the three and six months ended June 30, 2023, Blackstone repurchased 1.0 million and 2.0 million shares of common stock at a total cost of $86.0 million and $176.1 million, respectively. As of June 30, 2024, prior to the July 16, 2024 authorization, the amount remaining available for repurchases under the program was $424.1 million. On July 16, 2024, Blackstone’s board of directors authorized the repurchase of up to $2.0 billion of common stock and Blackstone Holdings Partnership Units. This authorization replaced Blackstone’s prior $2.0 billion repurchase authorization. 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. Shares Eligible for Dividends and Distributions As of June 30, 2024, the total shares of common stock and Blackstone Holdings Partnership Units entitled to participate in dividends and distributions were as follows: Shares/Units Common Stock Outstanding 722,540,712 Unvested Participating Common Stock 45,683,693 Total Participating Common Stock 768,224,405 Participating Blackstone Holdings Partnership Units 455,642,926  1,223,867,331

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Jun. 30, 2024
Equity-Based Compensation	14.  Equity-Based Compensation Blackstone has granted equity-based compensation awards to Blackstone’s senior managing directors, non-partner non-professionals For the three and six months ended June 30, 2024, Blackstone recorded compensation expense of $301.0 million and $621.7 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $62.7 million and $127.9 million, respectively. For the three and six months ended June 30, 2023, Blackstone recorded compensation expense of $260.4 million and $537.8 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $43.8 million and $83.1 million, respectively. As of June 30, 2024, there was $2.6 billion of estimated unrecognized compensation expense related to unvested awards, including compensation with performance conditions where it is probable that the performance condition will be met. This cost is expected to be recognized over a weighted-average period of 3.4 years. Total vested and unvested outstanding shares, including common stock, Blackstone Holdings Partnership Units and deferred restricted shares of common stock, were 1,223,810,180 as of June 30, 2024. Total outstanding phantom shares were 109,643 as of June 30, 2024. A summary of the status of Blackstone’s unvested equity-based awards as of June 30, 2024 and of changes during the period January 1, 2024 through June 30, 2024 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, 2023 4,585,893 $ 38.94 36,456,644 $ 86.05 85,447 $ 114.50 Granted — — 11,274,360 130.88 38,819 121.94 Vested (704,040 ) 35.07 (3,914,003 ) 91.72 (7,100 ) 128.09 Forfeited (35,431 ) 46.58 (950,033 ) 93.35 (15,130 ) 128.09 Balance, June 30, 2024 3,846,422 $ 39.60 42,866,968 $ 97.28 102,036 $ 120.45 Shares/Units Expected to Vest The following unvested shares and units, after expected forfeitures, as of June 30, 2024, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 4,089,151 0.2 Deferred Restricted Shares of Common Stock 38,587,380 2.9 Total Equity-Based Awards   42,676,531 2.7 Phantom Shares 86,032 3.0

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions	15.  Related Party Transactions Affiliate Receivables and Payables Due from Affiliates and Due to Affiliates consisted of the following: June 30, December 31, 2024 2023 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated  $ 3,745,712  $ 3,638,948 Due from Certain Non-Controlling 1,003,299 720,743 Accrual for Potential Clawback of Previously Distributed Performance Allocations 119,058 106,830  $ 4,868,069  $ 4,466,521 June 30, December 31, 2024 2023 Due to Affiliates Due to Certain Non-Controlling  $ 1,679,102  $ 1,681,516 Due to Non-Consolidated 107,693 124,560 Due to Certain Non-Controlling 208,256 305,816 Accrual for Potential Repayment of Previously Received Performance Allocations 369,048 281,518  $ 2,364,099  $ 2,393,410 Interests of the Founder, Senior Managing Directors, Employees and Other Related Parties The Founder, senior managing directors, employees and certain other related parties invest on a discretionary basis in the consolidated Blackstone Funds both directly and through consolidated entities. These investments generally are subject to preferential management fee and performance allocation or incentive fee arrangements. As of June 30, 2024 and December 31, 2023, such investments aggregated $1.9 billion and $1.7 billion, respectively. Their share of the Net Income Attributable to Redeemable Non-Controlling Non-Controlling 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 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 $1.7 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 16. “Commitments and Contingencies — Contingencies — Guarantees” for information regarding guarantees provided to a lending institution for certain loans held by employees.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies	16. Commitments and Contingencies Commitments Investment Commitments Blackstone had $4.9 billion of investment commitments as of June 30, 2024 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 $359.6 million as of June 30, 2024, which includes $151.5 million of signed investment commitments for portfolio company acquisitions 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 $27.8 million as of June 30, 2024. 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 Blackstone Europe LLP. The amount guaranteed as of June 30, 2024 was $80.2 million. During the six months ended June 30, 2024, Blackstone entered into a short-term contingent guarantee arrangement with a third non-consolidated € non-consolidated non-consolidated Strategic Ventures In December 2022 and January 2023, Blackstone entered into long-term 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 any unaccrued 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. 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”). Plaintiffs 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. In April 2023, the Kentucky Court of Appeals held that the Circuit Court exceeded its authority in permitting the AG’s intervention in the Mayberry Action, and vacated all orders other than the order dismissing the original derivative complaint in the Mayberry Action. Additionally, around the time the AG moved to intervene in 2020, the AG separately filed an additional back-up Also on April 8, 2024, as a technicality the AG instituted a technical action asserting substantively the same claims against the same defendants for the stated purpose of satisfying a limitations statute (the “April 2024 Action”). On May 1, 2024, the Court consolidated the July 2020 Action and the April 2024 Action upon the AG’s motion. On June 17, 2024, the defendants moved to dismiss the consolidated actions. In August 2022, KRS was ordered to disclose, and in September 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 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 August 2021, a group of KRS members—including those that filed Taylor I—filed a new action in Franklin County Circuit Court (“Taylor II”), against the Blackstone Defendants, other defendants named in the Mayberry Action, and other KRS officials. The filed complaint is substantially similar to that filed in Taylor I and the Mayberry Action. In July 2022, most defendants (including the Blackstone Defendants) moved to dismiss. On May 1, 2024, the Court denied the Blackstone Defendants’ motion to dismiss, as well as most other defendants’ motions to dismiss. On July 3, 2024, Blackstone Defendants and the other fund manager defendants filed a petition for a writ of prohibition. On July 9, 2024, the Court stayed the action pending resolution of the writ of prohibition. 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 and the Court of Appeals affirmed in December 2023. On March 6, 2024, BLP filed a motion for discretionary review by the Kentucky Supreme Court, which is pending. Blackstone continues to believe that the preceding lawsuits against Blackstone are totally without merit and intends to defend them vigorously. 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. In May 2023, the Court of Appeals affirmed the Circuit Court’s dismissal, without prejudice, of BLP’s complaint on ripeness grounds. In August 2023, BLP filed a motion with the Kentucky Supreme Court for discretionary review, which was granted in February 2024. The appeal is fully briefed and pending. In October 2022, as part of a sweep of private equity and other investment advisory firms, the SEC sent us a request for information relating to the retention of certain types of electronic business communications, including text messages, that may be required to be preserved under certain SEC rules. We are continuing to cooperate with the SEC and are discussing a potential resolution of this inquiry. Our financial results for the six months ended June 30, 2024 include an accrual for the estimated liability related to this matter. 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 funds, which may have an interim clawback liability. The lives of the carry funds, including available contemplated extensions, for which a liability for potential clawback obligations has been recorded for financial reporting purposes, are currently anticipated to expire at various points through 2032. Further extensions of such terms may be implemented under given circumstances. For financial reporting purposes, when applicable, the general partners record a liability for potential clawback obligations to the limited partners of some of the carry funds due to changes in the unrealized value of a fund’s remaining investments and where the fund’s general partner has previously received Performance Allocation distributions with respect to such fund’s realized investments. The following table presents the clawback obligations by segment: June 30, 2024 December 31, 2023 Current and Current and Blackstone Former Blackstone Former Segment Holdings Personnel (a) Total (b) Holdings Personnel (a) Total (b) Real Estate  $ 221,220  $ 96,721  $ 317,941 $ 145,435  $ 90,337  $ 235,772 Private Equity 32,689 17,933 50,622 29,046 16,231 45,277 Credit & Insurance 214 271 485 207 262 469  $ 254,123  $ 114,925  $ 369,048  $ 174,688  $ 106,830  $ 281,518 (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 15. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.” For Private Equity, Real Estate, and certain Credit & Insurance Funds, a portion of the Performance Allocations paid to current and former Blackstone personnel is held in segregated accounts in the event of a cash clawback obligation. These segregated accounts are not included in the Condensed Consolidated Financial Statements of Blackstone, except to the extent a portion of the assets held in the segregated accounts may be allocated to a consolidated Blackstone fund of hedge funds. At June 30, 2024, $1.0 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 June 30, 2024, 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 $6.9 billion, on an after-tax

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting	17.  Segment Reporting Blackstone conducts its alternative asset management businesses through four segments: • Real Estate – Blackstone’s Real Estate segment primarily comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. • 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 funds business and GP Stakes, infrastructure-focused funds, a life sciences investment platform, a growth equity investment platform, an investment platform offering eligible individual investors access to Blackstone’s private equity capabilities, a multi-asset investment program for eligible high net worth investors and a capital markets services business. • Credit & Insurance – Blackstone’s Credit & Insurance segment consists principally of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset based credit. In addition, the segment includes an insurer-focused platform. • Multi-Asset Investing – Multi-Asset Investing is organized into two primary platforms: Absolute Return and Multi-Strategy. In addition, the segment also includes a publicly traded energy infrastructure, renewables and master limited partnership investment platform. These business segments are differentiated by their various investment strategies. Each of the segments primarily earns its income from management fees and investment returns on assets under management. Segment Distributable Earnings is Blackstone’s segment profitability measure used to make operating decisions and assess performance across Blackstone’s four segments. Segment Distributable Earnings represents the net realized earnings of Blackstone’s segments and is the sum of Fee Related Earnings and Net Realizations for each segment. Blackstone’s segments are presented on a basis that deconsolidates Blackstone Funds, eliminates non-controlling Non-Recurring Non-Recurring non-recurring non-recurring period-to-period For segment reporting purposes, Segment Distributable Earnings is presented along with its major components, Fee Related Earnings and Net Realizations. Fee Related Earnings is used to assess Blackstone’s ability to generate profits from revenues that are measured and received on a recurring basis and not subject to future realization events. Net Realizations is the sum of Realized Principal Investment Income and Realized Performance Revenues less Realized Performance Compensation. Performance Allocations and Incentive Fees are presented together and referred to collectively as Performance Revenues or Performance Compensation. Effective for the three months ended June 30, 2024, GP Stakes is included in Blackstone’s Private Equity segment and Harvest is included in Blackstone’s Multi-Asset Investing segment. Previously, GP Stakes and Harvest were included in Blackstone’s Multi-Asset Investing and Credit & Insurance segments, respectively. All prior periods have been recast to reflect this reclassification. Segment Presentation The following tables present the financial data for Blackstone’s four segments for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 685,784  $ 468,237  $ 380,943  $ 116,602  $ 1,651,566 Transaction, Advisory and Other Fees, Net 75,140 46,238 10,250 908 132,536 Management Fee Offsets (3,467 ) 376 (993 ) (80 ) (4,164 ) Total Management and Advisory Fees, Net 757,457 514,851 390,200 117,430 1,779,938 Fee Related Performance Revenues 606 8,703 167,758 — 177,067 Fee Related Compensation (184,404 ) (158,068 ) (172,551 ) (37,890 ) (552,913 ) Other Operating Expenses (92,378 ) (87,436 ) (88,348 ) (24,960 ) (293,122 ) Fee Related Earnings 481,281 278,050 297,059 54,580 1,110,970 Realized Performance Revenues 53,472 381,797 91,247 16,373 542,889 Realized Performance Compensation (25,295 ) (179,761 ) (37,738 ) (8,263 ) (251,057 ) Realized Principal Investment Income 7,053 5,725 3,511 283 16,572 Total Net Realizations 35,230 207,761 57,020 8,393 308,404 Total Segment Distributable Earnings  $ 516,511  $ 485,811  $ 354,079  $ 62,973  $ 1,419,374 Three Months Ended June 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 709,977  $ 466,761  $ 326,066  $ 117,805  $ 1,620,609 Transaction, Advisory and Other Fees, Net 27,066 49,722 14,995 952 92,735 Management Fee Offsets (8,307 ) (794 ) (1,056 ) (1 ) (10,158 ) Total Management and Advisory Fees, Net 728,736 515,689 340,005 118,756 1,703,186 Fee Related Performance Revenues 131,299 — 135,439 — 266,738 Fee Related Compensation (199,006 ) (162,379 ) (165,147 ) (42,276 ) (568,808 ) Other Operating Expenses (71,949 ) (77,423 ) (80,443 ) (27,551 ) (257,366 ) Fee Related Earnings 589,080 275,887 229,854 48,929 1,143,750 Realized Performance Revenues 119,721 220,886 42,344 5,472 388,423 Realized Performance Compensation (69,593 ) (90,162 ) (17,572 ) (1,043 ) (178,370 ) Realized Principal Investment Income (Loss) (70 ) 11,708 (19,394 ) 295 (7,461 ) Total Net Realizations 50,058 142,432 5,378 4,724 202,592 Total Segment Distributable Earnings  $ 639,138  $ 418,319  $ 235,232  $ 53,653  $ 1,346,342 The following tables present the financial data for Blackstone’s four segments as of June 30, 2024 and for the six months ended June 30, 2024 and 2023: June 30, 2024 and the Six Months Then Ended Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 1,379,963  $ 942,828  $ 741,864  $ 231,641  $ 3,296,296 Transaction, Advisory and Other Fees, Net 104,330 73,129 20,036 1,979 199,474 Management Fee Offsets (6,397 ) 101 (1,885 ) (80 ) (8,261 ) Total Management and Advisory Fees, Net 1,477,896 1,016,058 760,015 233,540 3,487,509 Fee Related Performance Revenues 130,564 8,703 333,301 — 472,568 Fee Related Compensation (358,973 ) (320,627 ) (351,072 ) (76,318 ) (1,106,990 ) Other Operating Expenses (182,140 ) (177,471 ) (172,924 ) (49,565 ) (582,100 ) Fee Related Earnings 1,067,347 526,663 569,320 107,657 2,270,987 Realized Performance Revenues 103,439 831,671 106,367 37,805 1,079,282 Realized Performance Compensation (47,158 ) (400,242 ) (43,059 ) (13,622 ) (504,081 ) Realized Principal Investment Income (Loss) 9,246 28,154 7,072 (17,962 ) 26,510 Total Net Realizations 65,527 459,583 70,380 6,221 601,711 Total Segment Distributable Earnings  $ 1,132,874  $ 986,246  $ 639,700  $ 113,878  $ 2,872,698 Segment Assets  $ 12,927,964  $ 15,173,309  $ 7,763,104  $ 1,746,140  $ 37,610,517 Six Months Ended June 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 1,415,364  $ 942,246  $ 643,319  $ 239,227  $ 3,240,156 Transaction, Advisory and Other Fees, Net 47,627 65,319 23,443 2,056 138,445 Management Fee Offsets (18,764 ) (2,104 ) (2,157 ) (3 ) (23,028 ) Total Management and Advisory Fees, Net 1,444,227 1,005,461 664,605 241,280 3,355,573 Fee Related Performance Revenues 152,047 — 262,935 — 414,982 Fee Related Compensation (336,616 ) (330,105 ) (326,234 ) (84,824 ) (1,077,779 ) Other Operating Expenses (146,130 ) (157,174 ) (154,008 ) (51,702 ) (509,014 ) Fee Related Earnings 1,113,528 518,182 447,298 104,754 2,183,762 Realized Performance Revenues 130,817 721,893 167,525 9,714 1,029,949 Realized Performance Compensation (72,758 ) (323,759 ) (74,063 ) (3,814 ) (474,394 ) Realized Principal Investment Income (Loss) 2,154 45,876 (13,428 ) 1,628 36,230 Total Net Realizations 60,213 444,010 80,034 7,528 591,785 Total Segment Distributable Earnings  $ 1,173,741  $ 962,192  $ 527,332  $ 112,282  $ 2,775,547 Reconciliations of Total Segment Amounts The following tables reconcile the Total Segment Revenues, Expenses and Distributable Earnings to their equivalent GAAP measure for the three and six months ended June 30, 2024 and 2023 along with Total Assets as of June 30, 2024: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues Total GAAP Revenues  $ 2,796,381  $ 2,814,691  $ 6,484,209  $ 4,196,536 Less: Unrealized Performance Revenues (a) (122,239 ) (114,379 ) (568,175 ) 644,937 Less: Unrealized Principal Investment (Income) Loss (b) 38,125 (160,702 ) (404,851 ) 318,418 Less: Interest and Dividend Revenue (c) (104,999 ) (153,240 ) (202,838 ) (248,341 ) Less: Other Revenue (d) (19,541 ) 31,718 (64,288 ) 45,898 Impact of Consolidation (e) (71,159 ) (60,408 ) (178,033 ) (119,395 ) Transaction-Related and Non-Recurring (377 ) (7,461 ) (826 ) (2,673 ) Intersegment Eliminations 275 667 671 1,354 Total Segment Revenue (g)  $ 2,516,466  $ 2,350,886  $ 5,065,869  $ 4,836,734 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Expenses Total GAAP Expenses  $ 1,632,706  $ 1,475,310  $ 3,423,113  $ 2,664,655 Less: Unrealized Performance Allocations Compensation (h) (101,680 ) (54,155 ) (282,580 ) 259,094 Less: Equity-Based Compensation (i) (295,396 ) (249,755 ) (613,175 ) (517,889 ) Less: Interest Expense (j) (108,424 ) (107,130 ) (216,064 ) (211,339 ) Impact of Consolidation (e) (15,252 ) (40,879 ) (41,201 ) (97,553 ) Amortization of Intangibles (k) (7,333 ) (7,412 ) (14,666 ) (18,753 ) Transaction-Related and Non-Recurring (5,339 ) (9,689 ) (57,985 ) (13,522 ) Administrative Fee Adjustment (l) (2,465 ) (2,413 ) (4,942 ) (4,860 ) Intersegment Eliminations 275 667 671 1,354 Total Segment Expenses (m)  $ 1,097,092  $ 1,004,544  $ 2,193,171  $ 2,061,187 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Other Income Total GAAP Other Income (Loss)  $ 44,934  $ 87,595  $ 27,167  $ 153,451 Impact of Consolidation (e) (44,934 ) (87,595 ) (27,167 ) (153,451 ) Total Segment Other Income  $ —  $ —  $ —  $ — Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes  $ 1,208,609  $ 1,426,976  $ 3,088,263  $ 1,685,332 Less: Unrealized Performance Revenues (a) (122,239 ) (114,379 ) (568,175 ) 644,937 Less: Unrealized Principal Investment (Income) Loss (b) 38,125 (160,702 ) (404,851 ) 318,418 Less: Interest and Dividend Revenue (c) (104,999 ) (153,240 ) (202,838 ) (248,341 ) Less: Other Revenue (d) (19,541 ) 31,718 (64,288 ) 45,898 Plus: Unrealized Performance Allocations Compensation (h) 101,680 54,155 282,580 (259,094 ) Plus: Equity-Based Compensation (i) 295,396 249,755 613,175 517,889 Plus: Interest Expense (j) 108,424 107,130 216,064 211,339 Impact of Consolidation (e) (100,841 ) (107,124 ) (163,999 ) (175,293 ) Amortization of Intangibles (k) 7,333 7,412 14,666 18,753 Transaction-Related and Non-Recurring 4,962 2,228 57,159 10,849 Administrative Fee Adjustment (l) 2,465 2,413 4,942 4,860 Total Segment Distributable Earnings  $ 1,419,374  $ 1,346,342  $ 2,872,698  $ 2,775,547 As of  June 30,  2024 Total Assets Total GAAP Assets  $ 40,585,029 Impact of Consolidation (e) (2,974,512 ) Total Segment Assets  $ 37,610,517 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 and Non-Recurring (a) This adjustment removes Unrealized Performance Revenues on a segment basis. (b) This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis. (c) This adjustment removes Interest and Dividend Revenue on a segment basis. (d) This adjustment removes Other Revenue on a segment basis. For the three months ended June 30, 2024 and 2023, Other Revenue on a GAAP basis was $19.6 million and $( 31.7 (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 and Non-Recurring Non-Recurring non-recurring non-recurring period-to-period (g) Total Segment Revenues is comprised of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Total Segment Management and Advisory Fees, Net  $ 1,779,938  $ 1,703,186  $ 3,487,509  $ 3,355,573 Total Segment Fee Related Performance Revenues 177,067 266,738 472,568 414,982 Total Segment Realized Performance Revenues 542,889 388,423 1,079,282 1,029,949 Total Segment Realized Principal Investment Income (Loss) 16,572 (7,461 ) 26,510 36,230 Total Segment Revenues  $ 2,516,466  $ 2,350,886  $ 5,065,869  $ 4,836,734 (h) This adjustment removes Unrealized Performance Allocations Compensation. (i) This adjustment removes Equity-Based Compensation on a segment basis. (j) This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the Tax Receivable Agreement. (k) This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation. (l) This adjustment adds an amount equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units. The administrative fee is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (m) Total Segment Expenses is comprised of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Total Segment Fee Related Compensation  $ 552,913  $ 568,808  $ 1,106,990  $ 1,077,779 Total Segment Realized Performance Compensation 251,057 178,370 504,081 474,394 Total Segment Other Operating Expenses 293,122 257,366 582,100 509,014 Total Segment Expenses  $  1,097,092  $  1,004,544  $  2,193,171  $  2,061,187 Reconciliations of Total Segment Components The following tables reconcile the components of Total Segments to their equivalent GAAP measures, reported on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Management and Advisory Fees, Net GAAP  $ 1,787,313  $ 1,709,370  $ 3,514,461  $ 3,367,685 Segment Adjustment (a) (7,375 ) (6,184 ) (26,952 ) (12,112 ) Total Segment  $ 1,779,938  $ 1,703,186  $ 3,487,509  $ 3,355,573 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees  $ 188,299  $ 153,077  $ 367,640  $ 295,953 Investment Income - Realized Performance Allocations 531,641 502,084 1,184,158 1,148,978 GAAP 719,940 655,161 1,551,798 1,444,931 Total Segment Less: Realized Performance Revenues (542,889 ) (388,423 ) (1,079,282 ) (1,029,949 ) Segment Adjustment (b) 16 — 52 — Total Segment  $ 177,067  $ 266,738  $ 472,568  $ 414,982 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation  $ 766,647  $ 737,017  $ 1,561,450  $ 1,453,302 Incentive Fee Compensation 77,139 64,227 150,846 127,508 Realized Performance Allocations Compensation 260,736 205,196 519,630 501,990 GAAP 1,104,522 1,006,440 2,231,926 2,082,800 Total Segment Less: Realized Performance Compensation (251,057 ) (178,370 ) (504,081 ) (474,394 ) Less: Equity-Based Compensation - Fee Related Compensation (291,540 ) (246,445 ) (604,940 ) (511,599 ) Less: Equity-Based Compensation - Performance Compensation (3,856 ) (3,310 ) (8,235 ) (6,290 ) Segment Adjustment (c) (5,156 ) (9,507 ) (7,680 ) (12,738 ) Total Segment  $ 552,913  $ 568,808  $ 1,106,990  $ 1,077,779 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP  $ 311,928  $ 275,034  $ 681,878  $ 548,428 Segment Adjustment (d) (18,806 ) (17,668 ) (99,778 ) (39,414 ) Total Segment  $ 293,122  $ 257,366  $ 582,100  $ 509,014 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Performance Revenues GAAP Incentive Fees  $ 188,299  $ 153,077  $ 367,640  $ 295,953 Investment Income - Realized Performance Allocations 531,641 502,084 1,184,158 1,148,978 GAAP 719,940 655,161 1,551,798 1,444,931 Total Segment Less: Fee Related Performance Revenues (177,067 ) (266,738 ) (472,568 ) (414,982 ) Segment Adjustment (b) 16 — 52 — Total Segment  $ 542,889  $ 388,423  $ 1,079,282  $ 1,029,949 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Performance Compensation GAAP Incentive Fee Compensation  $ 77,139  $ 64,227  $ 150,846  $ 127,508 Realized Performance Allocation Compensation 260,736 205,196 519,630 501,990 GAAP 337,875 269,423 670,476 629,498 Total Segment Less: Fee Related Performance Compensation (e) (82,962 ) (87,743 ) (158,160 ) (148,814 ) Less: Equity-Based Compensation - Performance Compensation (3,856 ) (3,310 ) (8,235 ) (6,290 ) Total Segment  $   251,057  $   178,370  $   504,081  $   474,394 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Principal Investment Income GAAP  $    74,045  $    54,835  $   152,642  $ 162,893 Segment Adjustment (f) (57,473 ) (62,296 ) (126,132 ) (126,663 )  $ Total Segment   $ 16,572  $ (7,461 )  $ 26,510  $    36,230 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 and Non-Recurring (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 add back of Performance Revenues earned from consolidated Blackstone Funds which have been eliminated in consolidation. (c) Represents the removal of Transaction-Related and Non-Recurring (d) Represents the (1) removal of Transaction-Related and Non-Recurring (e) Fee related performance compensation may include equity-based compensation based on fee related performance revenues. (f) Represents (1) the add back of Principal Investment Income, including general partner income, earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events	18. Subsequent Events There have been no events since June 30, 2024 that require recognition or disclosure in the Condensed

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Blackstone have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Form 10-Q. Form 10-K The condensed consolidated financial statements include the accounts of Blackstone, its wholly owned or majority-owned subsidiaries, the consolidated entities which are considered to be variable interest entities and for which Blackstone is considered the primary beneficiary, and certain partnerships or similar entities which are not considered variable interest entities but in which the general partner is determined to have control. All intercompany balances and transactions have been eliminated in consolidation.
Consolidation	Consolidation Blackstone consolidates all entities that it controls through a majority voting interest or otherwise, including those Blackstone Funds in which the general partner has a controlling financial interest. Blackstone has a controlling financial interest in Blackstone Holdings because the limited partners do not have the right to dissolve the partnerships or have substantive kick-out non-controlling In addition, Blackstone consolidates all variable interest entities (“VIE”) for which it is the primary beneficiary. An enterprise is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation guidance requires an analysis to determine (a) whether an entity in which Blackstone holds a variable interest is a VIE and (b) whether Blackstone’s involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests, would give it a controlling financial interest. Performance of that analysis requires the exercise of judgment. Blackstone determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a variable interest entity and continuously reconsiders that conclusion. In determining whether Blackstone is the primary beneficiary, Blackstone evaluates its control rights as well as economic interests in the entity held either directly or indirectly by Blackstone. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that Blackstone is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by Blackstone, affiliates of Blackstone or third parties) or amendments to the governing documents of the respective Blackstone Funds could affect an entity’s status as a VIE or the determination of the primary beneficiary. At each reporting date, Blackstone assesses whether it is the primary beneficiary and will consolidate or deconsolidate accordingly. Assets of consolidated VIEs that can only be used to settle obligations of the consolidated VIE and liabilities of a consolidated VIE for which creditors (or beneficial interest holders) do not have recourse to the general credit of Blackstone are presented in a separate section in the Condensed Consolidated Statements of Financial Condition. Blackstone’s other disclosures regarding VIEs are discussed in Note 9. “Variable Interest Entities.”
Revenue Recognition	Revenue Recognition Revenues primarily consist of management and advisory fees, incentive fees, investment income, interest and dividend revenue and other. Management and advisory fees and incentive fees are accounted for as contracts with customers. Under the guidance for contracts with customers, an entity is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. See Note 17. “Segment Reporting” for a disaggregated presentation of revenues from contracts with customers. Management and Advisory Fees, Net Blackstone earns base management fees from its customers at a fixed percentage of a calculation base which is typically assets under management, net asset value, gross asset value, total assets, committed capital or invested capital. Blackstone identifies its customers on a fund by fund basis in accordance with the terms and circumstances of the individual fund. Generally the customer is identified as the investors in its managed funds and investment vehicles, but for certain widely held funds or vehicles, the fund or vehicle itself may be identified as the customer. These customer contracts require Blackstone to provide investment management services, which represents a performance obligation that Blackstone satisfies over time. Management fees are a form of variable consideration because the fees Blackstone is entitled to vary based on fluctuations in the basis for the management fee. The amount recorded as revenue is generally determined at the end of the period because these management fees are payable on a regular basis (typically quarterly) and are not subject to clawback once paid. Transaction, advisory and other fees are principally fees charged to the investors of funds indirectly through the managed funds and portfolio companies. The investment advisory agreements generally require that the investment adviser reduce the amount of management fees payable by the investors to Blackstone (“management fee reductions”) by an amount equal to a portion of the transaction and other fees paid to Blackstone by the portfolio companies. The amount of the reduction varies by fund, the type of fee paid by the portfolio company and the previously incurred expenses of the fund. These fees and associated management fee reductions are a component of the transaction price for Blackstone’s performance obligation to provide investment management services to the investors of funds and are recognized as changes to the transaction price in the period in which they are charged and the services are performed. Management fee offsets are reductions to management fees payable by the investors of the Blackstone Funds, which are based on the amount such investors reimburse the Blackstone Funds or Blackstone primarily for placement fees. Providing investment management services requires Blackstone to arrange for services on behalf of its customers. In those situations where Blackstone is acting as an agent on behalf of the investors of funds, it presents the cost of services as net against management fee revenue. In all other situations, Blackstone is primarily responsible for fulfilling the services and is therefore acting as a principal for those arrangements. As a result, the cost of those services is presented as Compensation or General, Administrative and Other expense, as appropriate, with any reimbursement from the investors of the funds recorded as Management and Advisory Fees, Net. In cases where the investors of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract. Capitalized placement fees are amortized over the life of the customer contract, are recorded within Other Assets in the Consolidated Statements of Financial Condition and amortization is recorded within General, Administrative and Other within the Consolidated Statements of Operations. Accrued but unpaid Management and Advisory Fees, net of management fee reductions and management fee offsets, as of the reporting date are included in Due from Affiliates in the Condensed Consolidated Statements of Financial Condition. Incentive Fees Investment Income (Loss) In carry fund structures and certain open-ended 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 in carry fund structures are made to the general partner based on cumulative fund performance to date, subject to a preferred return to limited partners. Performance Allocations in open-ended structures are based on vehicle performance over a period of time, subject to a high water mark and preferred return to investors. 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 in carry fund structures 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 in carry fund structures are subject to clawback to the extent that the Performance Allocation received to date exceeds the amount due to Blackstone based on cumulative results. As such, the accrual for potential repayment of previously received Performance Allocations, which is a component of Due to Affiliates, represents all amounts previously distributed to Blackstone Holdings and non-controlling Principal Investments include the unrealized and realized gains and losses on Blackstone’s principal investments, including its investments in Blackstone Funds that are not consolidated and receive pro-rata Interest and Dividend Revenue Other Revenue
Fair Value of Financial Instruments	Fair Value of Financial Instruments GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: ● Level I – Quoted prices are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments in Level I include listed equities, listed derivatives and mutual funds with quoted prices. Blackstone does not adjust the quoted price for these investments, even in situations where Blackstone holds a large position and a sale could reasonably impact the quoted price. ● Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Financial instruments which are generally included in this category include corporate bonds and loans, including corporate bonds and loans held within consolidated collateralized loan obligations (“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, real estate funds and credit-focused funds, distressed debt and non-investment non-consolidated 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 debt instruments, 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 including those 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. ● Notes issued by consolidated CLO vehicles are measured based on the more observable fair value of CLO assets less (a) the fair value of any beneficial interests held by Blackstone, and (b) the carrying value of any beneficial interests that represent compensation for services. 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 non-consolidated Real Estate Investments Private Equity Investments Credit-Focused Investments The market approach is generally used to determine the enterprise value of the issuer of a credit investment, and considers valuation multiples of comparable companies or transactions. The resulting enterprise value will dictate whether or not such credit investment has adequate enterprise value coverage. In cases of distressed credit instruments, the market approach may be used to estimate a recovery value in the event of a restructuring.
Investments, at Fair Value	Investments, at Fair Value Generally, the Blackstone Funds are accounted for as investment companies under the American Institute of Certified Public Accountants Audit and Accounting 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 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 the assets of consolidated CLO vehicles. As permitted under GAAP, Blackstone measures notes issued by consolidated CLO vehicles as (a) the sum of the fair value of the consolidated CLO assets and the carrying value of any non-financial Non-Controlling Condensed Consolidated Statements of Financial Condition and notes payable within Loans Payable for the amounts due to unaffiliated third parties. Changes in the fair value of consolidated CLO assets and liabilities and related interest, dividend and other income are presented within Net Gains (Losses) from Fund Investment Activities. Expenses of consolidated CLO vehicles are presented in Fund Expenses. 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, quoted prices that are published on a regular basis and are the basis for current transactions 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 generally include both a proportionate and disproportionate allocation of the profits and losses (as is the case with carry funds that include a Performance Allocation), are accounted for under the equity method. Under the equity method of accounting, Blackstone’s share of earnings (losses) from equity method investments is included in Investment Income (Loss) in the Condensed Consolidated Statements of Operations. In cases where Blackstone’s equity method investments provide for a disproportionate allocation of the profits and losses (as is the case with funds that include a Performance Allocation), Blackstone’s share of earnings (losses) from equity method investments is determined using a balance sheet approach referred to as the hypothetical liquidation at book value (“HLBV”) method. Under the HLBV method, at the end of each reporting period, Blackstone calculates the Accrued Performance Allocations that would be due to Blackstone for each fund pursuant to the fund agreements as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as Accrued Performance Allocations to reflect either (a) positive performance resulting in an increase in the Accrued Performance Allocation to the general partner, or (b) negative performance that would cause the amount due to Blackstone to be less than the amount previously recognized as revenue, resulting in a negative adjustment to the Accrued Performance Allocation to the general partner. In each scenario, it is necessary to calculate the Accrued Performance Allocation on cumulative results compared to the Accrued Performance Allocation recorded to date and make the required positive or negative adjustments. Blackstone ceases to record negative Performance Allocations once previously Accrued Performance Allocations for such fund have been fully reversed. Blackstone is not obligated to pay guaranteed returns or hurdles, and therefore, cannot have negative Performance Allocations over the life of a fund. The carrying amounts of equity method investments are reflected in Investments in the Condensed Consolidated Statements of Financial Condition. Strategic Partners’ results presented in Blackstone’s condensed consolidated financial statements are reported on a three-month lag from Strategic Partners’ fund financial statements, which report the performance of underlying investments generally on a same quarter basis, if available. Therefore, Strategic Partners’ results presented herein do not reflect the impact of economic and market activity in the current quarter. Current quarter market activity of Strategic Partners’ underlying investments is expected to affect Blackstone’s reported results in upcoming periods.
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 vehicles may be granted redemption rights that allow for quarterly or monthly redemption, as outlined in the relevant governing documents. Such redemption rights may be subject to certain limitations, including limits on the aggregate amount of interests 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 vehicles are presented as Redeemable Non-Controlling non-controlling Non-Controlling
Non-Controlling Interests in Blackstone Holdings	Non-Controlling Non-Controlling Certain costs and expenses are borne directly by the Holdings Partnerships. Income (Loss), excluding those costs directly borne by and attributable to the Holdings Partnerships, is attributable to Non-Controlling
Income Taxes	Income Taxes Provision for Income Taxes Income taxes are provided for using the asset and liability method under which deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities, resulting in all pretax amounts being appropriately tax effected in the period, irrespective of which tax return year items will be reflected. Blackstone reports interest expense and tax penalties related to income tax matters in provision for income taxes. Deferred Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the tax rates and laws that will be in effect when such differences are expected to reverse. Valuation allowances are established to reduce the deferred tax assets to the amount that is more likely than not to be realized. Deferred tax assets are separately stated, and deferred tax liabilities are included in Accounts Payable, Accrued Expenses, and Other Liabilities in the condensed consolidated 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 that 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. Accrued interest and penalties related to unrecognized tax benefits are reported on the related liability line in the condensed consolidated financial statements.
Net Income (Loss) Per Share of Common Stock	Net Income (Loss) Per Share of Common Stock Basic Income (Loss) Per Share of Common Stock is calculated by dividing Net Income (Loss) Attributable to Blackstone Inc. by the weighted-average shares of common stock, unvested participating shares of common stock outstanding for the period and vested deferred restricted shares of common stock that have been earned for which issuance of the related shares of common stock is deferred until future periods. Diluted Income (Loss) Per Share of Common Stock reflects the impact of all dilutive securities. Unvested participating shares of common stock are excluded from the computation in periods of loss as they are not contractually obligated to share in losses. Blackstone applies the treasury stock method to determine the dilutive weighted-average common shares outstanding for certain equity-based compensation awards. Blackstone applies the “if-converted”
Reverse Repurchase and Repurchase Agreements	Reverse Repurchase and Repurchase Agreements Securities purchased under agreements to resell (“reverse repurchase agreements”) and securities sold under agreements to repurchase (“repurchase agreements”), generally comprised 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. 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 10. “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 within Accounts Payable, Accrued Expenses and Other Liabilities 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 (Losses) 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 10. “Offsetting of Assets and Liabilities.”
Affiliates	Affiliates Blackstone considers its Founder, senior managing directors, employees, the Blackstone Funds and the Portfolio Companies to be affiliates.
Dividends	Dividends Dividends are reflected in the condensed consolidated financial statements when declared.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets, Net	Intangible Assets, Net consists of the following: June 30, December 31, 2024 2023 Finite-Lived Intangible Assets/Contractual Rights  $ 1,769,372  $ 1,769,372 Accumulated Amortization (1,586,126 ) (1,568,164 ) Intangible Assets, Net  $ 183,246  $ 201,208

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments	Investments consist of the following: June 30, December 31, 2024 2023 Investments of Consolidated Blackstone Funds  $ 3,621,676  $ 4,319,483 Equity Method Investments Partnership Investments 6,107,429 5,924,275 Accrued Performance Allocations 11,132,801 10,775,355 Corporate Treasury Investments 176,330 803,870 Other Investments 5,388,053 4,323,639  $ 26,426,289  $ 26,146,622
Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income (Loss) - Net Gains (Losses) from Fund Investment Activities in Consolidated Statements of Operations	The following table presents the Realized and Net Change in Unrealized Gains (Losses) on investments held by the consolidated Blackstone Funds and a reconciliation to Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities in the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ 17,966  $ 3,653  $ (40,446)  $ 20,808 Net Change in Unrealized Gains 20,393 58,104 55,518 40,950 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds 38,359 61,757 15,072 61,758 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 6,575 18,743 12,095 89,806 Other Income – Net Gains from Fund Investment Activities  $ 44,934  $ 80,500  $ 27,167  $ 151,564
Performance Fees Allocated to Funds	Accrued Performance Allocations to Blackstone were as follows: Real Private Credit & Multi-Asset Estate Equity Insurance Investing Total Accrued Performance Allocations, December 31, 2023  $ 2,990,602  $ 7,093,920  $ 599,779  $ 91,054  $ 10,775,355 Performance Allocations as a Result of Changes in Fund Fair Values 38,242 1,403,303 260,900 108,571 1,811,016 Foreign Exchange Gain 1,321 — — — 1,321 Fund Distributions (351,760 ) (857,362 ) (155,617 ) (90,152 ) (1,454,891 )  $ Accrued Performance Allocations, June 30, 2024  $ 2,678,405  $ 7,639,861  $ 705,062  $ 109,473  $ 11,132,801
Realized and Net Change in Unrealized Gains (Losses) on Investments	The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ (1,028 )  $  (2,297 )  $ (2,649 )  $ 77 Net Change in Unrealized Gains 4,036 791 2,776 8,586  $ 3,008  $ (1,506 )  $ 127  $    8,663
Realized and Net Change in Unrealized Gains (Losses) in Other Investments	The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ 2,349  $ (18,109 )  $ 4,816    $ (16,185 ) Net Change in Unrealized Gains (Losses) (8,432 ) 157,968 447,368 (155,185 )  $ (6,083 )  $ 139,859  $ 452,184  $ (171,370 )

Net Asset Value as Fair Value (

Net Asset Value as Fair Value (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Fair Value by Strategy Type Alongside Consolidated Funds of Hedge Funds' Remaining Unfunded Commitments and Ability to Redeem Such Investments	A summary of fair value by strategy type and ability to redeem such investments as of June 30, 2024 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value  (if currently eligible)  Notice Period Equity  $ 351,071 (b) (b) Real Estate 111,920 (c) (c) Other 6,602 (d) (d)  $    469,593 (a) As of June 30, 2024, 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 75% 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 25% of the fair value of the investments in this category are redeemable as of the reporting date. (c) The Real Estate category includes investments in funds that primarily invest in real estate assets. All investments in this category are redeemable as of the reporting date. (d) Other is composed of the Credit Driven category, the Commodities category and the Diversified Instruments category. The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. The Commodities category includes investments in commodities-focused funds that primarily invest in futures and physical-based commodity driven strategies. The Diversified Instruments category includes investments in funds that invest across multiple strategies. All investments in these categories may not be redeemed at, or within three months of, the reporting date.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Aggregate Notional Amount and Fair Value of Derivative Financial Instruments	The table below summarizes the aggregate notional amount and fair value of the derivative financial instruments. The notional amount represents the absolute value amount of all outstanding derivative contracts. June 30, 2024 December 31, 2023 Assets Liabilities Assets Liabilities Fair Fair Fair Fair Notional Value Notional Value Notional Value Notional Value Freestanding Derivatives Blackstone Interest Rate Contracts  $ 626,740  $ 172,793  $ 600,000  $ 107,468  $ 634,840  $ 145,798  $ 607,000  $ 86,589 Foreign Currency Contracts 334,736 3,405 287,390 1,233 387,102 11,442 334,228 3,538 Credit Default Swaps — — 640 7 3,108 479 3,748 508 Total Return Swaps 45,878 12,848 — — 63,158 13,171 — — Equity Options — — 1,137,377 751,513 — — 1,110,490 563,986 1,007,354 189,046 2,025,407 860,221 1,088,208 170,890 2,055,466 654,621 Investments of Consolidated Blackstone Funds Interest Rate Contracts 836,703 30,389 — — 855,683 19,189 — — 836,703 30,389 — — 855,683 19,189 — —  $  1,844,057  $  219,435  $  2,025,407  $  860,221  $  1,943,891  $  190,079  $  2,055,466  $  654,621
Summary of Impact of Derivative Financial Instruments to Consolidated Statements of Operations	The table below summarizes the impact to the Condensed Consolidated Statements of Operations from derivative financial instruments: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts  $ —  $ (189 )  $ (614 )  $ 147 Foreign Currency Contracts (2,223 ) 4,433 3,302 10,023 Credit Default Swaps — (362 ) 75 (413 ) Total Return Swaps 4,550 6,373 12,870 11,025 2,327 10,255 15,633 20,782 Net Change in Unrealized Gains (Losses) Interest Rate Contracts 21,072 4,897 22,096 2,777 Foreign Currency Contracts 2,607 (4,655 ) (5,615 ) (7,838 ) Credit Default Swaps 2 592 (52 ) 364 Total Return Swaps 2,181 (2,164 ) (3,338 ) (2,177 ) Equity Options (105,511 ) (18,038 ) (187,527 ) (172,876 ) (79,649 ) (19,368 ) (174,436 ) (179,750 )  $ (77,322 )  $ (9,113 )  $ (158,803 )  $ (158,968 )

Fair Value Option (Tables)

Fair Value Option (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Financial Instruments for Which Fair Value Option Has Been Elected	The following table summarizes the financial instruments for which the fair value option has been elected: June 30, December 31, 2024 2023 Assets Loans and Receivables  $ 135,577  $ 60,738 Equity and Preferred Securities 3,176,005 2,894,302 Debt Securities 61,365 63,486 Assets of Consolidated CLO Vehicles Corporate Loans 106,268 938,801  $   3,479,215  $   3,957,327 Liabilities CLO Notes Payable  $ 130,321  $ 687,122 Corporate Treasury Commitments 1,486 1,264  $ 131,807  $ 688,386
Realized and Net Change in Unrealized Gains (Losses) on Financial Instruments on Financial Instruments on Which Fair Value Option was Elected	The following tables present the Realized and Net Change in Unrealized Gains (Losses) on financial instruments on which the fair value option was elected: Three Months Ended June 30, 2024 2023 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) Assets Loans and Receivables  $ (1,418 )  $ 220  $ (5,232 )  $ 4,227 Equity and Preferred Securities 2,907 (19,080 ) (2,878 ) 26,812 Debt Securities — (1,392 ) — (876 ) Assets of Consolidated CLO Vehicles Corporate Loans 242 (1,001 ) (3,070 ) 4,150  $ 1,731  $ (21,253 )  $ (11,180 )  $ 34,313 Liabilities CLO Notes Payable  $ —  $ 1,175  $ —  $ (1,541 ) Corporate Treasury Commitments — (599 ) — 2,147  $ —  $ 576  $ —  $ 606 Six Months Ended June 30, 2024 2023 Net Change Net Change Realized in Unrealized Realized in Unrealized Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) Assets Loans and Receivables  $ (3,022 )  $ (188 )  $ (5,995 )  $ 3,924 Equity and Preferred Securities 5,188 (1,351 ) (1,182 ) (18,301 ) Debt Securities — (2,121 ) — (2,707 ) Assets of Consolidated CLO Vehicles Corporate Loans (2,604 ) 1,455 (6,199 ) 4,632  $ (438 )  $ (2,205 )  $ (13,376 )  $ (12,452 ) Liabilities CLO Notes Payable  $ —  $ 1,775  $ —  $ 923 Corporate Treasury Commitments — (222 ) — 4,373  $ —  $ 1,553  $ —  $ 5,296
Information for Financial Instruments on Which Fair Value Option was Elected	The following table presents information for those financial instruments for which the fair value option was elected: June 30, 2024 December 31, 2023 For Financial Assets For Financial Assets Past Due (a) Past Due (a) Excess (Deficiency) Excess Excess Excess (Deficiency) 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  $ 489  $ —  $ —  $ 675  $ —  $ — Debt Securities (55,267 ) — — (52,577 ) — — Assets of Consolidated CLO Vehicles Corporate Loans (4,198 ) 1,313 — (8,751 ) 1,345 —  $ (58,976 )  $ 1,313  $ —  $ (60,653 )  $ 1,345  $ — (a) Assets are classified as past due if contractual payments are more than 90 days past due.

Fair Value Measurements of Fi_2

Fair Value Measurements of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Financial Assets and Liabilities at Fair Value	The following tables summarize the valuation of Blackstone’s financial assets and liabilities by the fair value hierarchy: June 30, 2024 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents  $ 51,874  $ —  $ —  $ —  $ 51,874 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 9,678 130,690 2,866,172 462,991 3,469,531 Debt Instruments — 106,375 15,381 — 121,756 Freestanding Derivatives — 30,389 — — 30,389 Total Investments of Consolidated Blackstone Funds 9,678 267,454 2,881,553 462,991 3,621,676 Corporate Treasury Investments 69,053 103,278 3,999 — 176,330 Other Investments 2,017,359 2,828,209 198,096 6,602 5,050,266 Total Investments 2,096,090 3,198,941 3,083,648 469,593 8,848,272 Accounts Receivable - Loans and Receivables — — 135,577 — 135,577 Other Assets - Freestanding Derivatives — 176,198 12,848 — 189,046  $ 2,147,964  $ 3,375,139  $ 3,232,073  $ 469,593  $ 9,224,769 Liabilities Loans Payable - CLO Notes Payable  $ —  $ 130,321  $ —  $ —  $ 130,321 Accounts Payable, Accrued Expenses and Other Liabilities Freestanding Derivatives — 108,708 751,513 — 860,221 Contingent Consideration — — 504 — 504 Corporate Treasury Commitments — — 1,486 — 1,486 Securities Sold, Not Yet Purchased 3,873 — — — 3,873 Total Accounts Payable, Accrued Expenses and Other Liabilities 3,873 108,708 753,503 — 866,084  $ 3,873  $ 239,029  $ 753,503  $ —  $ 996,405 December 31, 2023 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents  $ 263,574  $ —  $ —  $ —  $ 263,574 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 11,118 123,022 2,653,246 558,259 3,345,645 Debt Instruments — 924,264 30,385 — 954,649 Freestanding Derivatives — 19,189 — — 19,189 Total Investments of Consolidated Blackstone Funds 11,118 1,066,475 2,683,631 558,259 4,319,483 Corporate Treasury Investments 72,071 435,430 296,369 — 803,870 Other Investments 1,564,112 2,355,423 223,441 7,275 4,150,251 Total Investments 1,647,301 3,857,328 3,203,441 565,534 9,273,604 Accounts Receivable - Loans and Receivables — — 60,738 — 60,738 Other Assets - Freestanding Derivatives 90 157,629 13,171 — 170,890  $ 1,910,965  $ 4,014,957  $ 3,277,350  $ 565,534  $ 9,768,806 Liabilities Loans Payable - CLO Notes Payable  $ —  $ 687,122  $ —  $ —  $ 687,122 Accounts Payable, Accrued Expenses and Other Liabilities Freestanding Derivatives 436 90,199 563,986 — 654,621 Contingent Consideration — — 387 — 387 Corporate Treasury Commitments — — 1,264 — 1,264 Securities Sold, Not Yet Purchased 3,886 — — — 3,886 Total Accounts Payable, Accrued Expenses and Other Liabilities 4,322 90,199 565,637 — 660,158  $ 4,322  $ 777,321  $ 565,637  $ —  $ 1,347,280 LLC Limited Liability Company. (a) Equity Securities, Partnership and LLC Interest includes investments in investment funds.
Summary of Quantitative Inputs and Assumptions for Items Categorized in Level III of Fair Value Hierarchy	The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of June 30, 2024. Consistent with presentation in these Notes to Condensed Consolidated Financial Statements, this table presents the Level III Investments only of Consolidated Blackstone Funds and therefore does not reflect any other Blackstone Funds. Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests  $ 2,866,172 Discounted Cash Flows Discount Rate 3.4% - 38.8% 10.4% Lower Exit Multiple - EBITDA 4.0x - 30.6x 15.5x Higher Exit Capitalization Rate 3.1% - 13.7% 5.1% Lower Debt Instruments 15,381 Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 2,881,553 Corporate Treasury Investments 3,999 Third Party Pricing n/a Loans and Receivables 135,577 Discounted Cash Flows Discount Rate 8.5% - 10.1% Lower Other Investments (b) 210,944 Discounted Cash Flows Discount Rate 7.1% - 7.5% 7.3% Lower Third Party Pricing n/a  $ 3,232,073 Financial Liabilities Freestanding Derivatives (c)  $ 751,513 Option Pricing Model Volatility 6.1% n/a Higher Other Liabilities (d) 1,990 Third Party Pricing n/a Other n/a  $ 753,503 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, 2023: Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted- Impact to Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests  $ 2,653,246 Discounted Cash Flows Discount Rate 3.3% - 38.0% 9.7% Lower Exit Multiple - EBITDA 4.0x - 30.6x 15.0x Higher Exit Capitalization Rate 3.1% - 12.8% 5.1% Lower Debt Instruments 30,385 Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 2,683,631 Corporate Treasury Investments 296,369 Discounted Cash Flows Discount Rate 11.2% - 22.4% 17.1% Lower Transaction Price n/a Loans and Receivables 60,738 Discounted Cash Flows Discount Rate 8.8% - 14.9% 10.3% Lower Other Investments (b) 236,612 Third Party Pricing n/a Transaction Price n/a  $ 3,277,350 Financial Liabilities Freestanding Derivatives (c)  $ 563,986 Option Pricing Model Volatility 6.3% n/a Higher Other Liabilities (d) 1,651 Third Party Pricing n/a Other n/a  $ 565,637 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 June 30, 2024 and December 31, 2023, Other Investments includes Level III Freestanding Derivatives. (c) The volatility of the historical performance of the underlying reference entity is used to project the expected returns relevant for the fair value of the derivative. (d) As of June 30, 2024 and December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments.
Summary of Changes in Financial Assets and Liabilities Measured at Fair Value for Which Level III Inputs Were Used	The following tables summarize the changes in financial assets and liabilities measured at fair value for which Blackstone has used Level III inputs to determine fair value and does not include gains or losses that were reported in Level III in prior years or for instruments that were transferred out of Level III prior to the end of the respective reporting period. These tables also exclude financial assets and liabilities measured at fair value on a non-recurring Level III Financial Assets at Fair Value Three Months Ended June 30, 2024 2023 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  $ 2,703,592  $ 95,532  $ 77,142  $ 2,876,266  $ 4,338,509  $ 307,288  $ 74,604  $ 4,720,401 Transfer Into Level III (b) 2,726 — 109,347 112,073 124 — — 124 Transfer Out of Level III (b) (19,577 ) — (58 ) (19,635 ) (4,751 ) — — (4,751 ) Purchases 205,898 169,649 — 375,547 121,526 116,897 2,291 240,714 Sales (27,503 ) (118,391 ) (5,038 ) (150,932 ) (53,152 ) (349,787 ) (1,523 ) (404,462 ) Issuances — 7,519 — 7,519 — 6,319 — 6,319 Settlements (c) — (21,280 ) 306 (20,974 ) — (19,292 ) (5,225 ) (24,517 ) Changes in Gains Included in Earnings 16,417 2,548 1,978 20,943 37,595 15,436 3,465 56,496 Balance, End of Period  $ 2,881,553  $ 135,577  $ 183,677  $ 3,200,807  $ 4,439,851  $ 76,861  $ 73,612  $ 4,590,324 Changes in Unrealized Gains Earnings Related  $ 19,505  $ (546 )  $ 1,875  $ 20,834  $ 70,082  $ 19,577  $ 1,181  $ 90,840 Level III Financial Assets at Fair Value Six Months Ended June 30, 2024 2023 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  $ 2,683,631  $ 60,738  $ 373,024  $ 3,117,393  $ 4,249,832  $ 315,039  $ 30,971  $ 4,595,842 Transfer Out Due to Deconsolidation (14,237 ) — — (14,237 ) (3,837 ) — — (3,837 ) Transfer Into Level III (b) 6,160 — 109,347 115,507 13,997 — 898 14,895 Transfer Out of Level III (b) (22,123 ) — (58 ) (22,181 ) (5,064 ) — (2,725 ) (7,789 ) Purchases 339,014 319,288 5,675 663,977 170,869 171,967 51,693 394,529 Sales (61,818 ) (229,557 ) (295,030 ) (586,405 ) (121,707 ) (436,512 ) (1,703 ) (559,922 ) Issuances — 17,080 — 17,080 — 57,008 — 57,008 Settlements (c) — (35,392 ) (9,855 ) (45,247 ) — (53,088 ) (4,696 ) (57,784 ) Changes in Gains (Losses) Included in Earnings (49,074 ) 3,420 574 (45,080 ) 135,761 22,447 (826 ) 157,382 Balance, End of Period  $ 2,881,553  $ 135,577  $ 183,677  $ 3,200,807  $ 4,439,851  $ 76,861  $ 73,612  $ 4,590,324 Changes in Unrealized Gains Earnings  $ (19,789 )  $ (1,340 )  $ 3,088  $ (18,041 )  $ 89,027  $ 17,839  $ 4,653  $ 111,519 Level III Financial Liabilities at Fair Value Three Months Ended June 30, 2024 2023 Freestanding Other Freestanding Other Derivatives Liabilities Total Derivatives Liabilities Total Balance, Beginning of Period  $ 646,002  $ 1,391  $ 647,393  $ 203,419  $ 8,218  $ 211,637 Transfer In (Out) Due to Consolidation and Acquisition — — — — (1,500 ) (1,500 ) Changes in Losses (Gains) Included in Earnings 105,511 599 106,110 18,038 (2,147 ) 15,891 Balance, End of Period  $ 751,513  $ 1,990  $ 753,503  $ 221,457  $ 4,571  $ 226,028 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 105,511  $ 599  $ 106,110  $ 18,038  $ (2,147 )  $ 15,891 Level III Financial Liabilities at Fair Value Six Months Ended June 30, 2024 2023 Freestanding Other Freestanding Other Derivatives Liabilities Total Derivatives Liabilities Total Balance, Beginning of Period  $ 563,986  $ 1,651  $ 565,637  $ 48,581  $ 8,144  $ 56,725 Transfer In (Out) Due to Consolidation and Acquisition — — — — 800 800 Changes in Losses (Gains) Included in Earnings 187,527 339 187,866 172,876 (4,373 ) 168,503 Balance, End of Period  $ 751,513  $ 1,990  $ 753,503  $ 221,457  $ 4,571  $ 226,028 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 187,527  $ 339  $ 187,866  $ 172,876  $ (4,373 )  $ 168,503 (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)	6 Months Ended
	Jun. 30, 2024
Maximum Exposure to Loss Relating to Non-Consolidated VIEs	Blackstone’s maximum exposure to loss relating to non-consolidated June 30, December 31, 2024 2023 Investments  $ 4,282,078  $ 3,751,591 Due from Affiliates 262,347 203,187 Potential Clawback Obligation 83,537 72,119 Maximum Exposure to Loss  $  4,627,962  $  4,026,897 Amounts Due to Non-Consolidated  $ 256  $ 223

Offsetting of Assets And Liab_2

Offsetting of Assets And Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Offsetting of Assets	The following tables present the offsetting of assets and liabilities as of June 30, 2024 and December 31, 2023: June 30, 2024 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  $ 219,435  $ 137,905  $ 65,225  $ 16,305 June 30, 2024 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  $ 108,708  $ 108,507  $ 13  $ 188 Repurchase Agreements 9,562 9,562 — —  $ 118,270  $ 118,069  $ 13  $ 188
Offsetting of Liabilities	December 31, 2023 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  $ 190,079  $ 107,330  $ 49,532  $ 33,217 December 31, 2023 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  $ 90,635  $ 87,777  $ 625  $ 2,233 (a) Amounts presented are inclusive of both legally enforceable master netting agreements, and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net balance sheet exposure.
Other Assets	The following table presents the components of Other Assets: June 30, December 31, 2024 2023 Furniture, Equipment and Leasehold Improvements  $ 964,586  $ 937,355 Less: Accumulated Depreciation (442,651) (394,602) Furniture, Equipment and Leasehold Improvements, Net 521,935 542,753 Prepaid Expenses 343,534 207,886 Freestanding Derivatives 189,046 170,890 Other 28,885 23,319  $   1,083,400  $   944,848

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Carrying Value and Fair Value of Blackstone Issued Notes	The following table presents each of Blackstone’s borrowings as of June 30, 2024 and December 31, 2023, as well as their carrying value and fair value. The borrowings are included in Loans Payable within the Condensed Consolidated Statements of Financial Condition. Each of the Senior Notes were issued at a discount through Blackstone’s indirect subsidiary, Blackstone Holdings Finance Co. L.L.C. The Senior Notes accrue interest from the issue date thereof and pay interest in arrears on a semi-annual basis or annual basis. The Secured Borrowings were issued at par, accrue interest from the issue date thereof and pay interest in arrears on a quarterly basis. CLO Notes Payable pay interest in arrears on a quarterly basis. June 30, 2024 December 31, 2023 Carrying Fair Carrying Fair Description Value Value Value Value Blackstone Operating Borrowings Senior Notes (a) 2.000 5/19/2025  $ 326,438  $ 316,643  $ 336,005  $ 324,778 1.000 10/5/2026 645,084 606,778 664,085 620,864 3.150 10/2/2027 298,669 281,307 298,476 283,059 5.900 11/3/2027 595,950 612,414 595,411 625,158 1.625 8/5/2028 645,888 567,853 645,406 566,508 1.500 4/10/2029 647,358 589,423 666,655 601,272 2.500 1/10/2030 494,067 435,685 493,573 431,005 1.600 3/30/2031 496,678 394,050 496,447 391,955 2.000 1/30/2032 789,891 631,368 789,283 633,153 2.550 3/30/2032 495,907 414,395 495,670 410,755 6.200 4/22/2033 892,225 946,970 891,899 962,037 3.500 6/1/2034 506,384 527,546 521,549 536,319 6.250 8/15/2042 239,604 258,883 239,457 263,270 5.000 6/15/2044 490,116 459,190 489,975 464,560 4.450 7/15/2045 344,765 295,155 344,691 297,486 4.000 10/2/2047 291,260 231,543 291,149 233,685 3.500 9/10/2049 392,526 281,848 392,436 294,608 2.800 9/30/2050 394,177 239,220 394,103 252,008 2.850 8/5/2051 543,397 336,969 543,317 352,457 3.200 1/30/2052 987,539 660,130 987,401 696,740 10,517,923 9,087,370 10,576,988 9,241,677 Other (b) Secured Borrowing, Due 10/27/2033 19,949 19,949 19,949 19,949 Secured Borrowing, Due 1/29/2035 20,000 20,000 20,000 20,000 10,557,872 9,127,319 10,616,937 9,281,626 Borrowings of Consolidated Blackstone Funds CLO Notes Payable (c) 130,321 130,321 687,122 687,122 130,321 130,321 687,122 687,122  $ 10,688,193  $ 9,257,640  $ 11,304,059  $ 9,968,748 (a) Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy. (b) The Secured Borrowing, Due 10/27/2033 7.64 1/29/2035 7.64 48.5 (c) CLO Notes Payable have maturity dates ranging from June 2025 to January 2037 8.67
Scheduled Principal Payments for Borrowings	Scheduled principal payments for borrowings as of June 30, 2024 were as follows: Blackstone  Borrowings of  Operating Consolidated Total 2024  $ —  $ —  $ — 2025 329,614 — 329,614 2026 648,827 — 648,827 2027 911,589 — 911,589 2028 664,090 — 664,090 Thereafter 8,128,430 141,792 8,270,222  $ 10,682,550  $ 141,792  $ 10,824,342

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Schedule of Major Filing Jurisdictions and Open Period Subject to Examinations	As of June 30, 2024, the following are the major filing jurisdictions and their respective earliest open tax period subject to examination: Jurisdiction Year Federal 2020 New York City 2009 New York State 2016 United Kingdom 2011

Earnings Per Share and Stockh_2

Earnings Per Share and Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Basic and Diluted Net Income Per Common Stock	Basic and diluted net income per share of common stock for the three and six months ended June 30, 2024 and 2023 was calculated as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted  $ 444,414  $ 601,274  $ 1,291,800  $ 687,086 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 769,187,351 758,479,943 764,492,944 752,306,729 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 47,326 68,305 253,218 323,656 Weighted-Average Shares of Common Stock Outstanding, Diluted  769,234,677  758,548,248  764,746,162  752,630,385 Net Income Per Share of Common Stock Basic  $ 0.58  $ 0.79  $ 1.69  $ 0.91 Diluted  $ 0.58  $ 0.79  $ 1.69  $ 0.91 Dividends Declared Per Share of Common Stock (a)  $ 0.83  $ 0.82  $ 1.77  $ 1.73 (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
Summary of Anti-Dilutive Securities	The following table summarizes the anti-dilutive securities for the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Weighted-Average Blackstone Holdings Partnership Units 456,231,581 461,569,524 457,074,596 462,255,884
Schedule of Shares Eligible For Dividends and Distribution	As of June 30, 2024, the total shares of common stock and Blackstone Holdings Partnership Units entitled to participate in dividends and distributions were as follows: Shares/Units Common Stock Outstanding 722,540,712 Unvested Participating Common Stock 45,683,693 Total Participating Common Stock 768,224,405 Participating Blackstone Holdings Partnership Units 455,642,926  1,223,867,331

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Status of Partnership's Unvested Equity-Based Awards	A summary of the status of Blackstone’s unvested equity-based awards as of June 30, 2024 and of changes during the period January 1, 2024 through June 30, 2024 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, 2023 4,585,893 $ 38.94 36,456,644 $ 86.05 85,447 $ 114.50 Granted — — 11,274,360 130.88 38,819 121.94 Vested (704,040 ) 35.07 (3,914,003 ) 91.72 (7,100 ) 128.09 Forfeited (35,431 ) 46.58 (950,033 ) 93.35 (15,130 ) 128.09 Balance, June 30, 2024 3,846,422 $ 39.60 42,866,968 $ 97.28 102,036 $ 120.45
Unvested Shares and Units, After Expected Forfeitures	The following unvested shares and units, after expected forfeitures, as of June 30, 2024, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 4,089,151 0.2 Deferred Restricted Shares of Common Stock 38,587,380 2.9 Total Equity-Based Awards   42,676,531 2.7 Phantom Shares 86,032 3.0

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Due from Affiliates and Due to Affiliates	Due from Affiliates and Due to Affiliates consisted of the following: June 30, December 31, 2024 2023 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated  $ 3,745,712  $ 3,638,948 Due from Certain Non-Controlling 1,003,299 720,743 Accrual for Potential Clawback of Previously Distributed Performance Allocations 119,058 106,830  $ 4,868,069  $ 4,466,521 June 30, December 31, 2024 2023 Due to Affiliates Due to Certain Non-Controlling  $ 1,679,102  $ 1,681,516 Due to Non-Consolidated 107,693 124,560 Due to Certain Non-Controlling 208,256 305,816 Accrual for Potential Repayment of Previously Received Performance Allocations 369,048 281,518  $ 2,364,099  $ 2,393,410

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Clawback Obligations by Segment	The following table presents the clawback obligations by segment: June 30, 2024 December 31, 2023 Current and Current and Blackstone Former Blackstone Former Segment Holdings Personnel (a) Total (b) Holdings Personnel (a) Total (b) Real Estate  $ 221,220  $ 96,721  $ 317,941 $ 145,435  $ 90,337  $ 235,772 Private Equity 32,689 17,933 50,622 29,046 16,231 45,277 Credit & Insurance 214 271 485 207 262 469  $ 254,123  $ 114,925  $ 369,048  $ 174,688  $ 106,830  $ 281,518 (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 15. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.”

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Financial Data of Segments	The following tables present the financial data for Blackstone’s four segments for the three months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 685,784  $ 468,237  $ 380,943  $ 116,602  $ 1,651,566 Transaction, Advisory and Other Fees, Net 75,140 46,238 10,250 908 132,536 Management Fee Offsets (3,467 ) 376 (993 ) (80 ) (4,164 ) Total Management and Advisory Fees, Net 757,457 514,851 390,200 117,430 1,779,938 Fee Related Performance Revenues 606 8,703 167,758 — 177,067 Fee Related Compensation (184,404 ) (158,068 ) (172,551 ) (37,890 ) (552,913 ) Other Operating Expenses (92,378 ) (87,436 ) (88,348 ) (24,960 ) (293,122 ) Fee Related Earnings 481,281 278,050 297,059 54,580 1,110,970 Realized Performance Revenues 53,472 381,797 91,247 16,373 542,889 Realized Performance Compensation (25,295 ) (179,761 ) (37,738 ) (8,263 ) (251,057 ) Realized Principal Investment Income 7,053 5,725 3,511 283 16,572 Total Net Realizations 35,230 207,761 57,020 8,393 308,404 Total Segment Distributable Earnings  $ 516,511  $ 485,811  $ 354,079  $ 62,973  $ 1,419,374 Three Months Ended June 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 709,977  $ 466,761  $ 326,066  $ 117,805  $ 1,620,609 Transaction, Advisory and Other Fees, Net 27,066 49,722 14,995 952 92,735 Management Fee Offsets (8,307 ) (794 ) (1,056 ) (1 ) (10,158 ) Total Management and Advisory Fees, Net 728,736 515,689 340,005 118,756 1,703,186 Fee Related Performance Revenues 131,299 — 135,439 — 266,738 Fee Related Compensation (199,006 ) (162,379 ) (165,147 ) (42,276 ) (568,808 ) Other Operating Expenses (71,949 ) (77,423 ) (80,443 ) (27,551 ) (257,366 ) Fee Related Earnings 589,080 275,887 229,854 48,929 1,143,750 Realized Performance Revenues 119,721 220,886 42,344 5,472 388,423 Realized Performance Compensation (69,593 ) (90,162 ) (17,572 ) (1,043 ) (178,370 ) Realized Principal Investment Income (Loss) (70 ) 11,708 (19,394 ) 295 (7,461 ) Total Net Realizations 50,058 142,432 5,378 4,724 202,592 Total Segment Distributable Earnings  $ 639,138  $ 418,319  $ 235,232  $ 53,653  $ 1,346,342 The following tables present the financial data for Blackstone’s four segments as of June 30, 2024 and for the six months ended June 30, 2024 and 2023: June 30, 2024 and the Six Months Then Ended Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 1,379,963  $ 942,828  $ 741,864  $ 231,641  $ 3,296,296 Transaction, Advisory and Other Fees, Net 104,330 73,129 20,036 1,979 199,474 Management Fee Offsets (6,397 ) 101 (1,885 ) (80 ) (8,261 ) Total Management and Advisory Fees, Net 1,477,896 1,016,058 760,015 233,540 3,487,509 Fee Related Performance Revenues 130,564 8,703 333,301 — 472,568 Fee Related Compensation (358,973 ) (320,627 ) (351,072 ) (76,318 ) (1,106,990 ) Other Operating Expenses (182,140 ) (177,471 ) (172,924 ) (49,565 ) (582,100 ) Fee Related Earnings 1,067,347 526,663 569,320 107,657 2,270,987 Realized Performance Revenues 103,439 831,671 106,367 37,805 1,079,282 Realized Performance Compensation (47,158 ) (400,242 ) (43,059 ) (13,622 ) (504,081 ) Realized Principal Investment Income (Loss) 9,246 28,154 7,072 (17,962 ) 26,510 Total Net Realizations 65,527 459,583 70,380 6,221 601,711 Total Segment Distributable Earnings  $ 1,132,874  $ 986,246  $ 639,700  $ 113,878  $ 2,872,698 Segment Assets  $ 12,927,964  $ 15,173,309  $ 7,763,104  $ 1,746,140  $ 37,610,517 Six Months Ended June 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 1,415,364  $ 942,246  $ 643,319  $ 239,227  $ 3,240,156 Transaction, Advisory and Other Fees, Net 47,627 65,319 23,443 2,056 138,445 Management Fee Offsets (18,764 ) (2,104 ) (2,157 ) (3 ) (23,028 ) Total Management and Advisory Fees, Net 1,444,227 1,005,461 664,605 241,280 3,355,573 Fee Related Performance Revenues 152,047 — 262,935 — 414,982 Fee Related Compensation (336,616 ) (330,105 ) (326,234 ) (84,824 ) (1,077,779 ) Other Operating Expenses (146,130 ) (157,174 ) (154,008 ) (51,702 ) (509,014 ) Fee Related Earnings 1,113,528 518,182 447,298 104,754 2,183,762 Realized Performance Revenues 130,817 721,893 167,525 9,714 1,029,949 Realized Performance Compensation (72,758 ) (323,759 ) (74,063 ) (3,814 ) (474,394 ) Realized Principal Investment Income (Loss) 2,154 45,876 (13,428 ) 1,628 36,230 Total Net Realizations 60,213 444,010 80,034 7,528 591,785 Total Segment Distributable Earnings  $ 1,173,741  $ 962,192  $ 527,332  $ 112,282  $ 2,775,547
Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes	The following tables reconcile the Total Segment Revenues, Expenses and Distributable Earnings to their equivalent GAAP measure for the three and six months ended June 30, 2024 and 2023 along with Total Assets as of June 30, 2024: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues Total GAAP Revenues  $ 2,796,381  $ 2,814,691  $ 6,484,209  $ 4,196,536 Less: Unrealized Performance Revenues (a) (122,239 ) (114,379 ) (568,175 ) 644,937 Less: Unrealized Principal Investment (Income) Loss (b) 38,125 (160,702 ) (404,851 ) 318,418 Less: Interest and Dividend Revenue (c) (104,999 ) (153,240 ) (202,838 ) (248,341 ) Less: Other Revenue (d) (19,541 ) 31,718 (64,288 ) 45,898 Impact of Consolidation (e) (71,159 ) (60,408 ) (178,033 ) (119,395 ) Transaction-Related and Non-Recurring (377 ) (7,461 ) (826 ) (2,673 ) Intersegment Eliminations 275 667 671 1,354 Total Segment Revenue (g)  $ 2,516,466  $ 2,350,886  $ 5,065,869  $ 4,836,734 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Expenses Total GAAP Expenses  $ 1,632,706  $ 1,475,310  $ 3,423,113  $ 2,664,655 Less: Unrealized Performance Allocations Compensation (h) (101,680 ) (54,155 ) (282,580 ) 259,094 Less: Equity-Based Compensation (i) (295,396 ) (249,755 ) (613,175 ) (517,889 ) Less: Interest Expense (j) (108,424 ) (107,130 ) (216,064 ) (211,339 ) Impact of Consolidation (e) (15,252 ) (40,879 ) (41,201 ) (97,553 ) Amortization of Intangibles (k) (7,333 ) (7,412 ) (14,666 ) (18,753 ) Transaction-Related and Non-Recurring (5,339 ) (9,689 ) (57,985 ) (13,522 ) Administrative Fee Adjustment (l) (2,465 ) (2,413 ) (4,942 ) (4,860 ) Intersegment Eliminations 275 667 671 1,354 Total Segment Expenses (m)  $ 1,097,092  $ 1,004,544  $ 2,193,171  $ 2,061,187 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Other Income Total GAAP Other Income (Loss)  $ 44,934  $ 87,595  $ 27,167  $ 153,451 Impact of Consolidation (e) (44,934 ) (87,595 ) (27,167 ) (153,451 ) Total Segment Other Income  $ —  $ —  $ —  $ — Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes  $ 1,208,609  $ 1,426,976  $ 3,088,263  $ 1,685,332 Less: Unrealized Performance Revenues (a) (122,239 ) (114,379 ) (568,175 ) 644,937 Less: Unrealized Principal Investment (Income) Loss (b) 38,125 (160,702 ) (404,851 ) 318,418 Less: Interest and Dividend Revenue (c) (104,999 ) (153,240 ) (202,838 ) (248,341 ) Less: Other Revenue (d) (19,541 ) 31,718 (64,288 ) 45,898 Plus: Unrealized Performance Allocations Compensation (h) 101,680 54,155 282,580 (259,094 ) Plus: Equity-Based Compensation (i) 295,396 249,755 613,175 517,889 Plus: Interest Expense (j) 108,424 107,130 216,064 211,339 Impact of Consolidation (e) (100,841 ) (107,124 ) (163,999 ) (175,293 ) Amortization of Intangibles (k) 7,333 7,412 14,666 18,753 Transaction-Related and Non-Recurring 4,962 2,228 57,159 10,849 Administrative Fee Adjustment (l) 2,465 2,413 4,942 4,860 Total Segment Distributable Earnings  $ 1,419,374  $ 1,346,342  $ 2,872,698  $ 2,775,547 As of  June 30,  2024 Total Assets Total GAAP Assets  $ 40,585,029 Impact of Consolidation (e) (2,974,512 ) Total Segment Assets  $ 37,610,517 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 and Non-Recurring (a) This adjustment removes Unrealized Performance Revenues on a segment basis. (b) This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis. (c) This adjustment removes Interest and Dividend Revenue on a segment basis. (d) This adjustment removes Other Revenue on a segment basis. For the three months ended June 30, 2024 and 2023, Other Revenue on a GAAP basis was $19.6 million and $( 31.7 (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 and Non-Recurring Non-Recurring non-recurring non-recurring period-to-period (g) Total Segment Revenues is comprised of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Total Segment Management and Advisory Fees, Net  $ 1,779,938  $ 1,703,186  $ 3,487,509  $ 3,355,573 Total Segment Fee Related Performance Revenues 177,067 266,738 472,568 414,982 Total Segment Realized Performance Revenues 542,889 388,423 1,079,282 1,029,949 Total Segment Realized Principal Investment Income (Loss) 16,572 (7,461 ) 26,510 36,230 Total Segment Revenues  $ 2,516,466  $ 2,350,886  $ 5,065,869  $ 4,836,734 (h) This adjustment removes Unrealized Performance Allocations Compensation. (i) This adjustment removes Equity-Based Compensation on a segment basis. (j) This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the Tax Receivable Agreement. (k) This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation. (l) This adjustment adds an amount equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units. The administrative fee is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (m) Total Segment Expenses is comprised of the following: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Total Segment Fee Related Compensation  $ 552,913  $ 568,808  $ 1,106,990  $ 1,077,779 Total Segment Realized Performance Compensation 251,057 178,370 504,081 474,394 Total Segment Other Operating Expenses 293,122 257,366 582,100 509,014 Total Segment Expenses  $  1,097,092  $  1,004,544  $  2,193,171  $  2,061,187
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 Statements of Operations for the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Management and Advisory Fees, Net GAAP  $ 1,787,313  $ 1,709,370  $ 3,514,461  $ 3,367,685 Segment Adjustment (a) (7,375 ) (6,184 ) (26,952 ) (12,112 ) Total Segment  $ 1,779,938  $ 1,703,186  $ 3,487,509  $ 3,355,573 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees  $ 188,299  $ 153,077  $ 367,640  $ 295,953 Investment Income - Realized Performance Allocations 531,641 502,084 1,184,158 1,148,978 GAAP 719,940 655,161 1,551,798 1,444,931 Total Segment Less: Realized Performance Revenues (542,889 ) (388,423 ) (1,079,282 ) (1,029,949 ) Segment Adjustment (b) 16 — 52 — Total Segment  $ 177,067  $ 266,738  $ 472,568  $ 414,982 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation  $ 766,647  $ 737,017  $ 1,561,450  $ 1,453,302 Incentive Fee Compensation 77,139 64,227 150,846 127,508 Realized Performance Allocations Compensation 260,736 205,196 519,630 501,990 GAAP 1,104,522 1,006,440 2,231,926 2,082,800 Total Segment Less: Realized Performance Compensation (251,057 ) (178,370 ) (504,081 ) (474,394 ) Less: Equity-Based Compensation - Fee Related Compensation (291,540 ) (246,445 ) (604,940 ) (511,599 ) Less: Equity-Based Compensation - Performance Compensation (3,856 ) (3,310 ) (8,235 ) (6,290 ) Segment Adjustment (c) (5,156 ) (9,507 ) (7,680 ) (12,738 ) Total Segment  $ 552,913  $ 568,808  $ 1,106,990  $ 1,077,779 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP  $ 311,928  $ 275,034  $ 681,878  $ 548,428 Segment Adjustment (d) (18,806 ) (17,668 ) (99,778 ) (39,414 ) Total Segment  $ 293,122  $ 257,366  $ 582,100  $ 509,014 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Performance Revenues GAAP Incentive Fees  $ 188,299  $ 153,077  $ 367,640  $ 295,953 Investment Income - Realized Performance Allocations 531,641 502,084 1,184,158 1,148,978 GAAP 719,940 655,161 1,551,798 1,444,931 Total Segment Less: Fee Related Performance Revenues (177,067 ) (266,738 ) (472,568 ) (414,982 ) Segment Adjustment (b) 16 — 52 — Total Segment  $ 542,889  $ 388,423  $ 1,079,282  $ 1,029,949 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Performance Compensation GAAP Incentive Fee Compensation  $ 77,139  $ 64,227  $ 150,846  $ 127,508 Realized Performance Allocation Compensation 260,736 205,196 519,630 501,990 GAAP 337,875 269,423 670,476 629,498 Total Segment Less: Fee Related Performance Compensation (e) (82,962 ) (87,743 ) (158,160 ) (148,814 ) Less: Equity-Based Compensation - Performance Compensation (3,856 ) (3,310 ) (8,235 ) (6,290 ) Total Segment  $   251,057  $   178,370  $   504,081  $   474,394 Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Realized Principal Investment Income GAAP  $    74,045  $    54,835  $   152,642  $ 162,893 Segment Adjustment (f) (57,473 ) (62,296 ) (126,132 ) (126,663 )  $ Total Segment   $ 16,572  $ (7,461 )  $ 26,510  $    36,230 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 and Non-Recurring (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 add back of Performance Revenues earned from consolidated Blackstone Funds which have been eliminated in consolidation. (c) Represents the removal of Transaction-Related and Non-Recurring (d) Represents the (1) removal of Transaction-Related and Non-Recurring (e) Fee related performance compensation may include equity-based compensation based on fee related performance revenues. (f) 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)	6 Months Ended
	Jun. 30, 2024 Segment Person	Jun. 30, 2023 Segment
Organization [Line Items]
Number of business segments | Segment	4	4
Number of Blackstone founders managing the Partnership | Person	1

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets/Contractual Rights	$ 1,769,372	$ 1,769,372
Accumulated Amortization	(1,586,126)	(1,568,164)
Intangible Assets, Net	$ 183,246	$ 201,208

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets [Line Items]
Amortization expense	$ 9,000	$ 9,100	$ 17,963	$ 22,062
Expected amortization of intangibles, 2024	35,900		35,900
Expected amortization of intangibles, 2025	35,900		35,900
Expected amortization of intangibles, 2026	35,700		35,700
Expected amortization of intangibles, 2027	34,600		34,600
Expected amortization of intangibles, 2028	$ 17,800		$ 17,800
Intangible assets expected to amortize over a weighted-average period	5 years 8 months 12 days		5 years 8 months 12 days

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Investments	$ 26,426,289	$ 26,146,622
Partnership Investments
Schedule of Investments [Line Items]
Investments	6,107,429	5,924,275
Accrued Performance Allocations
Schedule of Investments [Line Items]
Investments	11,132,801	10,775,355
Other Investments
Schedule of Investments [Line Items]
Investments	5,388,053	4,323,639
Consolidated Blackstone Funds
Schedule of Investments [Line Items]
Investments	3,621,676	4,319,483
Corporate Treasury Investments
Schedule of Investments [Line Items]
Investments	$ 176,330	$ 803,870

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule of Investments [Line Items]
Investments	$ 26,426,289		$ 26,426,289		$ 26,146,622
Recognized net gains related to equity method investments	141,100	$ 91,400	297,100	$ 160,500
Equity investments, carrying value	348,700		348,700
Consolidated Blackstone Funds | Blackstone
Schedule of Investments [Line Items]
Investments	$ 404,700		$ 404,700		$ 1,000,000

Reconciliation of Realized and

Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income (Loss) - Net Gains (Losses) from Fund Investment Activities in Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Gain (Loss) on Securities [Line Items]
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	$ 696,139	$ 835,403	$ 2,334,819	$ 339,726
Other Income – Net Gains from Fund Investment Activities	44,934	80,500	27,167	151,564
Consolidated Blackstone Funds
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	17,966	3,653	(40,446)	20,808
Net Change in Unrealized Gains	20,393	58,104	55,518	40,950
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	38,359	61,757	15,072	61,758
Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds	6,575	18,743	12,095	89,806
Other Income – Net Gains from Fund Investment Activities	$ 44,934	$ 80,500	$ 27,167	$ 151,564

Performance Fees Allocated to F

Performance Fees Allocated to Funds (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	$ 26,146,622
Ending Balance	26,426,289
Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	10,775,355
Performance Allocations as a Result of Changes in Fund Fair Values	1,811,016
Foreign Exchange Gain	1,321
Fund Distributions	(1,454,891)
Ending Balance	11,132,801
Real Estate Segment
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	2,990,602
Performance Allocations as a Result of Changes in Fund Fair Values	38,242
Foreign Exchange Gain	1,321
Fund Distributions	(351,760)
Ending Balance	2,678,405
Private Equity Segment
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	7,093,920
Performance Allocations as a Result of Changes in Fund Fair Values	1,403,303
Fund Distributions	(857,362)
Ending Balance	7,639,861
Credit & Insurance Segment
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	599,779
Performance Allocations as a Result of Changes in Fund Fair Values	260,900
Fund Distributions	(155,617)
Ending Balance	705,062
Multi-Asset Investing | Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	91,054
Performance Allocations as a Result of Changes in Fund Fair Values	108,571
Fund Distributions	(90,152)
Ending Balance	$ 109,473

Realized and Net Change in Unre

Realized and Net Change in Unrealized Gains (Losses) on Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Gain (Loss) on Securities [Line Items]
Total realized and net change in unrealized gains (losses)	$ 696,139	$ 835,403	$ 2,334,819	$ 339,726
Corporate Treasury Investments
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	(1,028)	(2,297)	(2,649)	77
Net Change in Unrealized Gains	4,036	791	2,776	8,586
Total realized and net change in unrealized gains (losses)	$ 3,008	$ (1,506)	$ 127	$ 8,663

Realized and Net Change in Un_2

Realized and Net Change in Unrealized Gains (Losses) in Other Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Gain (Loss) on Securities [Line Items]
Total Investment Income	$ 696,139	$ 835,403	$ 2,334,819	$ 339,726
Other Investments
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	2,349	(18,109)	4,816	(16,185)
Net Change in Unrealized Gains (Losses)	(8,432)	157,968	447,368	(155,185)
Total Investment Income	$ (6,083)	$ 139,859	$ 452,184	$ (171,370)

Summary of Fair Value by Strate

Summary of Fair Value by Strategy Type Alongside Consolidated Funds of Hedge Funds' Remaining Unfunded Commitments and Ability to Redeem Such Investments (Detail) $ in Thousands	Jun. 30, 2024 USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 469,593
Equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	351,071
Real Estate
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	111,920
Other
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 6,602

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) - Equity	Jun. 30, 2024
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	75%
Percentage of investments redeemable as of reporting date	25%

Summary of Aggregate Notional A

Summary of Aggregate Notional Amount and Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	$ 1,844,057	$ 1,943,891
Derivative Liabilities, Notional	2,025,407	2,055,466
Derivative Assets, Fair Value	219,435	190,079
Derivative Liabilities, Fair Value	860,221	654,621
Freestanding Derivatives
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	836,703	855,683
Derivative Assets, Fair Value	30,389	19,189
Freestanding Derivatives | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	1,007,354	1,088,208
Derivative Liabilities, Notional	2,025,407	2,055,466
Derivative Assets, Fair Value	189,046	170,890
Derivative Liabilities, Fair Value	860,221	654,621
Freestanding Derivatives | Blackstone | Total Return Swaps
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	45,878	63,158
Derivative Assets, Fair Value	12,848	13,171
Freestanding Derivatives | Blackstone | Credit Default Swap
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional		3,108
Derivative Liabilities, Notional	640	3,748
Derivative Assets, Fair Value		479
Derivative Liabilities, Fair Value	7	508
Freestanding Derivatives | Foreign Currency Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	334,736	387,102
Derivative Liabilities, Notional	287,390	334,228
Derivative Assets, Fair Value	3,405	11,442
Derivative Liabilities, Fair Value	1,233	3,538
Freestanding Derivatives | Interest Rate Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	626,740	634,840
Derivative Liabilities, Notional	600,000	607,000
Derivative Assets, Fair Value	172,793	145,798
Derivative Liabilities, Fair Value	107,468	86,589
Freestanding Derivatives | Interest Rate Contracts | Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	836,703	855,683
Derivative Assets, Fair Value	30,389	19,189
Freestanding Derivatives | Equity Options | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Notional	1,137,377	1,110,490
Derivative Liabilities, Fair Value	$ 751,513	$ 563,986

Summary of Impact of Derivative

Summary of Impact of Derivative Financial Instruments to Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative [Line Items]
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	$ (77,322)	$ (9,113)	$ (158,803)	$ (158,968)
Freestanding Derivatives
Derivative [Line Items]
Realized Gains (Losses)	2,327	10,255	15,633	20,782
Net Change in Unrealized Gains (Losses)	(79,649)	(19,368)	(174,436)	(179,750)
Freestanding Derivatives | Total Return Swaps
Derivative [Line Items]
Realized Gains (Losses)	4,550	6,373	12,870	11,025
Net Change in Unrealized Gains (Losses)	2,181	(2,164)	(3,338)	(2,177)
Freestanding Derivatives | Credit Default Swap
Derivative [Line Items]
Realized Gains (Losses)	0	(362)	75	(413)
Net Change in Unrealized Gains (Losses)	2	592	(52)	364
Freestanding Derivatives | Interest Rate Contracts
Derivative [Line Items]
Realized Gains (Losses)	0	(189)	(614)	147
Net Change in Unrealized Gains (Losses)	21,072	4,897	22,096	2,777
Freestanding Derivatives | Foreign Currency Contracts
Derivative [Line Items]
Realized Gains (Losses)	(2,223)	4,433	3,302	10,023
Net Change in Unrealized Gains (Losses)	2,607	(4,655)	(5,615)	(7,838)
Freestanding Derivatives | Equity Options
Derivative [Line Items]
Net Change in Unrealized Gains (Losses)	$ (105,511)	$ (18,038)	$ (187,527)	$ (172,876)

Summary of Financial Instrument

Summary of Financial Instruments for Which Fair Value Option Has Been Elected (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans and Receivables	$ 135,577	$ 60,738
Assets	3,479,215	3,957,327
Liabilities	131,807	688,386
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	61,365	63,486
Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	3,176,005	2,894,302
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	106,268	938,801
CLO Notes Payable
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	130,321	687,122
Corporate Treasury Commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	$ 1,486	$ 1,264

Realized and Net Change in Un_3

Realized and Net Change in Unrealized Gains (Losses) on Financial Instruments on Financial Instruments on Which Fair Value Option was Elected (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Realized Gains (Losses) | Assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	$ 1,731	$ (11,180)	$ (438)	$ (13,376)
Realized Gains (Losses) | Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(1,418)	(5,232)	(3,022)	(5,995)
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	2,907	(2,878)	5,188	(1,182)
Realized Gains (Losses) | Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	242	(3,070)	(2,604)	(6,199)
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	(1,392)	(876)	(2,121)	(2,707)
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	(21,253)	34,313	(2,205)	(12,452)
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	220	4,227	(188)	3,924
Net Change In Unrealized Gains (Losses) | Liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	576	606	1,553	5,296
Net Change In Unrealized Gains (Losses) | Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(19,080)	26,812	(1,351)	(18,301)
Net Change In Unrealized Gains (Losses) | Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(1,001)	4,150	1,455	4,632
Net Change In Unrealized Gains (Losses) | CLO Notes Payable
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	1,175	(1,541)	1,775	923
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	$ (599)	$ 2,147	$ (222)	$ 4,373

Information for Financial Instr

Information for Financial Instruments on Which Fair Value Option was Elected (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	$ (58,976)	$ (60,653)
Fair value of financial instruments more than one day past due	1,313	1,345
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	(55,267)	(52,577)
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	(4,198)	(8,751)
Fair value of financial instruments more than one day past due	1,313	1,345
Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	489	675
Fair value of financial instruments more than one day past due	$ 0	$ 0

Fair Value Option - Additional

Fair Value Option - Additional Information (Detail) $ in Thousands	Jun. 30, 2024 USD ($) Loans	Dec. 31, 2023 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of financial instruments more than one day past due	$ 1,313	$ 1,345
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of financial instruments more than one day past due	$ 1,313	1,345
Corporate Loans | Not In Non Accrual Status
Fair Value, Option, Quantitative Disclosures [Line Items]
Number of loans for which fair value option was elected past due | Loans	2
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		Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable - Loans and Receivables		$ 135,577	$ 60,738
Assets		3,479,215	3,957,327
Loans Payable - CLO Notes Payable		10,688,193	11,304,059
Corporate Treasury Commitments		$ 131,807	$ 688,386
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other Assets	Other Assets
Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets		$ 219,435	$ 190,079
Derivatives liabilities		108,708	90,635
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		3,232,073	3,277,350
Liabilities		753,503	565,637
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		51,874	263,574
Total Investments		8,848,272	9,273,604
Accounts Receivable - Loans and Receivables		135,577	60,738
Assets		9,224,769	9,768,806
Securities Sold, Not Yet Purchased		3,873	3,886
Contingent Consideration		504	387
Total Accounts Payable, Accrued Expenses and Other Liabilities		866,084	660,158
Liabilities		996,405	1,347,280
Fair Value, Measurements, Recurring | Corporate Treasury Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Treasury Commitments		1,486	1,264
Fair Value, Measurements, Recurring | CLO Notes Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Payable - CLO Notes Payable		130,321	687,122
Fair Value, Measurements, Recurring | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		860,221	654,621
Fair Value, Measurements, Recurring | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		5,050,266	4,150,251
Fair Value, Measurements, Recurring | Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		469,593	565,534
Assets		469,593	565,534
Fair Value, Measurements, Recurring | Net Asset Value | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		6,602	7,275
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,621,676	4,319,483
Derivatives assets		189,046	170,890
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		30,389	19,189
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	[1]	3,469,531	3,345,645
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds | Debt Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		121,756	954,649
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		462,991	558,259
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	[1]	462,991	558,259
Fair Value, Measurements, Recurring | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		176,330	803,870
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		51,874	263,574
Total Investments		2,096,090	1,647,301
Assets		2,147,964	1,910,965
Securities Sold, Not Yet Purchased		3,873	3,886
Total Accounts Payable, Accrued Expenses and Other Liabilities		3,873	4,322
Liabilities		3,873	4,322
Fair Value, Measurements, Recurring | Level 1 | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities			436
Fair Value, Measurements, Recurring | Level 1 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		2,017,359	1,564,112
Fair Value, Measurements, Recurring | Level 1 | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		9,678	11,118
Derivatives assets			90
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	[1]	9,678	11,118
Fair Value, Measurements, Recurring | Level 1 | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		69,053	72,071
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,198,941	3,857,328
Assets		3,375,139	4,014,957
Total Accounts Payable, Accrued Expenses and Other Liabilities		108,708	90,199
Liabilities		239,029	777,321
Fair Value, Measurements, Recurring | Level 2 | CLO Notes Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Payable - CLO Notes Payable		130,321	687,122
Fair Value, Measurements, Recurring | Level 2 | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		108,708	90,199
Fair Value, Measurements, Recurring | Level 2 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		2,828,209	2,355,423
Fair Value, Measurements, Recurring | Level 2 | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		267,454	1,066,475
Derivatives assets		176,198	157,629
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		30,389	19,189
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	[1]	130,690	123,022
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		106,375	924,264
Fair Value, Measurements, Recurring | Level 2 | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		103,278	435,430
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,083,648	3,203,441
Accounts Receivable - Loans and Receivables		135,577	60,738
Assets		3,232,073	3,277,350
Contingent Consideration		504	387
Total Accounts Payable, Accrued Expenses and Other Liabilities		753,503	565,637
Liabilities		753,503	565,637
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		1,486	1,264
Fair Value, Measurements, Recurring | Level 3 | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		751,513	563,986
Fair Value, Measurements, Recurring | Level 3 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		198,096	223,441
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		2,881,553	2,683,631
Derivatives assets		12,848	13,171
Assets		2,881,553	2,683,631
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	[1]	2,866,172	2,653,246
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		15,381	30,385
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		$ 3,999	$ 296,369
[1]Equity Securities, Partnership and LLC Interest includes investments in investment funds.

Summary of Quantitative Inputs

Summary of Quantitative Inputs and Assumptions for Items Categorized in Level III of Fair Value Hierarchy (Detail) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 3,479,215	$ 3,957,327
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,232,073	3,277,350
Fair value liabilities		753,503	565,637
Fair Value, Measurements, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		9,224,769	9,768,806
Fair value liabilities		996,405	1,347,280
Fair Value, Measurements, Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,232,073	3,277,350
Fair value liabilities		753,503	565,637
Fair Value, Measurements, Recurring | Level 3 | Loans and Receivables | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 135,577	$ 60,738
Fair Value, Measurements, Recurring | Level 3 | Minimum | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		7.10%
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		8.50%	8.80%
Fair Value, Measurements, Recurring | Level 3 | Maximum | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		7.50%
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		13.20%	14.90%
Fair Value, Measurements, Recurring | Level 3 | Weighted Average | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	7.30%
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]	10.10%	10.30%
Fair Value, Measurements, Recurring | Level 3 | Other Investments | Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets	[2]	$ 210,944	$ 236,612
Fair Value, Measurements, Recurring | Level 3 | Freestanding Derivatives | Valuation Technique, Option Pricing Model
Fair Value, Option, Quantitative Disclosures [Line Items]
Volatility	[3]		6.3
Fair value liabilities	[3]	$ 751,513	$ 563,986
Fair Value, Measurements, Recurring | Level 3 | Freestanding Derivatives | Valuation Technique, Option Pricing Model | Measurement Input, Price Volatility
Fair Value, Option, Quantitative Disclosures [Line Items]
Volatility	[3]	6.1
Fair Value, Measurements, Recurring | Level 3 | Other Liabilities | Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value liabilities	[4]	$ 1,990	1,651
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		2,881,553	2,683,631
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		$ 2,866,172	$ 2,653,246
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Minimum | EBITDA Multiple Market
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Multiple - EBITDA		4	4
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Minimum | Measurement Input, Cap Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate		3.10%	3.10%
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		3.40%	3.30%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Maximum | EBITDA Multiple Market
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Multiple - EBITDA		30.6	30.6
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Maximum | Measurement Input, Cap Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate		13.70%	12.80%
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		38.80%	38%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Weighted Average | EBITDA Multiple Market
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Multiple - EBITDA	[1]	15.5	15
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Equity Securities, Partnerships and LLC Interests | Weighted Average | Measurement Input, Cap Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate	[1]	5.10%	5.10%
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]	10.40%	9.70%
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds | Debt Instruments | Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 15,381	$ 30,385
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets			$ 296,369
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Transaction Price Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 3,999
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Minimum | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate			11.20%
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Maximum | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate			22.40%
Fair Value, Measurements, Recurring | Level 3 | Corporate Treasury Investments | Weighted Average | Discounted Cash Flows | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]		17.10%
[1]Unobservable inputs were weighted based on the fair value of the investments included in the range.[2]As of June 30, 2024 and December 31, 2023, Other Investments includes Level III Freestanding Derivatives.[3]The volatility of the historical performance of the underlying reference entity is used to project the expected returns relevant for the fair value of the derivative.[4]As of June 30, 2024 and December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments.

Summary of Changes in Financial

Summary of Changes in Financial Assets and Liabilities Measured at Fair Value for Which Level III Inputs Were Used (Detail) - Level 3 - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	$ 2,876,266	$ 4,720,401	$ 3,117,393	$ 4,595,842
Transfer Out Due to Deconsolidation			(14,237)	(3,837)
Transfer Into Level III	112,073	124	115,507	14,895
Transfer Out of Level III	(19,635)	(4,751)	(22,181)	(7,789)
Purchases	375,547	240,714	663,977	394,529
Sales	(150,932)	(404,462)	(586,405)	(559,922)
Issuances	7,519	6,319	17,080	57,008
Settlements	(20,974)	(24,517)	(45,247)	(57,784)
Changes in Gains (Losses) In cludedin Earnings	20,943	56,496	(45,080)	157,382
Balance, End of Period	3,200,807	4,590,324	3,200,807	4,590,324
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	$ 20,834	$ 90,840	$ (18,041)	$ 111,519
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments
Balance, Beginning of Period	$ 647,393	$ 211,637	$ 565,637	$ 56,725
Transfer In (Out) Due to Consolidation and Acquisition	0	(1,500)	0	800
Changes in Losses (Gains) Included in Earnings	106,110	15,891	187,866	168,503
Balance, End of Period	753,503	226,028	753,503	226,028
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date	106,110	15,891	187,866	168,503
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	77,142	74,604	373,024	30,971
Transfer Into Level III	109,347	0	109,347	898
Transfer Out of Level III	(58)		(58)	(2,725)
Purchases	0	2,291	5,675	51,693
Sales	(5,038)	(1,523)	(295,030)	(1,703)
Settlements	306	(5,225)	(9,855)	(4,696)
Changes in Gains (Losses) In cludedin Earnings	1,978	3,465	574	(826)
Balance, End of Period	183,677	73,612	183,677	73,612
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	1,875	1,181	3,088	4,653
Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	1,391	8,218	1,651	8,144
Transfer In (Out) Due to Consolidation and Acquisition	0	(1,500)	0	800
Changes in Losses (Gains) Included in Earnings	599	(2,147)	339	(4,373)
Balance, End of Period	1,990	4,571	1,990	4,571
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date	599	(2,147)	339	(4,373)
Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	646,002	203,419	563,986	48,581
Changes in Losses (Gains) Included in Earnings	105,511	18,038	187,527	172,876
Balance, End of Period	751,513	221,457	751,513	221,457
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date	105,511	18,038	187,527	172,876
Loans and Receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	95,532	307,288	60,738	315,039
Purchases	169,649	116,897	319,288	171,967
Sales	(118,391)	(349,787)	(229,557)	(436,512)
Issuances	7,519	6,319	17,080	57,008
Settlements	(21,280)	(19,292)	(35,392)	(53,088)
Changes in Gains (Losses) In cludedin Earnings	2,548	15,436	3,420	22,447
Balance, End of Period	135,577	76,861	135,577	76,861
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	(546)	19,577	(1,340)	17,839
Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	2,703,592	4,338,509	2,683,631	4,249,832
Transfer Out Due to Deconsolidation			(14,237)	(3,837)
Transfer Into Level III	2,726	124	6,160	13,997
Transfer Out of Level III	(19,577)	(4,751)	(22,123)	(5,064)
Purchases	205,898	121,526	339,014	170,869
Sales	(27,503)	(53,152)	(61,818)	(121,707)
Changes in Gains (Losses) In cludedin Earnings	16,417	37,595	(49,074)	135,761
Balance, End of Period	2,881,553	4,439,851	2,881,553	4,439,851
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	$ 19,505	$ 70,082	$ (19,789)	$ 89,027

Fair Value Measurements of Fi_3

Fair Value Measurements of Financial instruments - Additional Information (Detail) - Blackstone [Member] - Consolidated Blackstone Funds [Member] - Fair Value, Measurements, Recurring - USD ($) $ in Billions		6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial investment weighted average remaining term		1 year 3 months 18 days
Investments fair value disclosure	$ 1.4

Maximum Exposure to Loss Relati

Maximum Exposure to Loss Relating to Non-Consolidated VIEs (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
VIE Assets	$ 40,585,029	$ 40,287,530
VIE Liabilities	21,910,734	22,212,316
Due from Affiliates
Variable Interest Entity [Line Items]
VIE Assets	262,347	203,187
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	4,627,962	4,026,897
Variable Interest Entity, Not Primary Beneficiary | Potential Clawback Obligation
Variable Interest Entity [Line Items]
VIE Liabilities	83,537	72,119
Variable Interest Entity, Not Primary Beneficiary | Amounts Due to Non-Consolidated VIEs
Variable Interest Entity [Line Items]
VIE Liabilities	256	223
Variable Interest Entity, Not Primary Beneficiary | Investments
Variable Interest Entity [Line Items]
VIE Assets	$ 4,282,078	$ 3,751,591

Offsetting of Assets and Liab_3

Offsetting of Assets and Liabilities (Detail) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Offsetting Assets and Liabilities [Line Items]
Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	$ 118,270,000
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	118,069,000
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	13,000
Net Amount	188,000
Freestanding Derivatives
Offsetting Assets and Liabilities [Line Items]
Derivatives Gross and Net Amounts of Assets Presented in the Statement of Financial Condition	219,435,000	$ 190,079,000
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	137,905,000	107,330,000
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	65,225,000	49,532,000
Derivatives Net Amount	16,305,000	33,217,000
Derivatives Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	108,708,000	90,635,000
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	108,507,000	87,777,000
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	13,000	625,000
Derivatives Net Amount	188,000	2,233,000
Repurchase Agreements [Member]
Offsetting Assets and Liabilities [Line Items]
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	9,600,000	$ 0
Repurchase agreements gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	9,562,000
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	9,562,000
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received
Repurchase agreements Net Amount

Offsetting of Assets and Liab_4

Offsetting of Assets and Liabilities (Parentheticals) (Detail) - Repurchase Agreements [Member]	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Offsetting Assets and Liabilities [Line Items]
Derivative, Collateral, Right to Reclaim Cash	$ 9,600,000	$ 0
Derivative, Remaining Maturity	90 days
Derivative Liability, Number of Instruments Held		0
Derivative Liability, Fair Value of Collateral		$ 0

Components of Other Assets (Det

Components of Other Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Other Assets [Line Items]
Furniture, Equipment and Leasehold Improvements	$ 964,586	$ 937,355
Less: Accumulated Depreciation	(442,651)	(394,602)
Furniture, Equipment and Leasehold Improvements, Net	521,935	542,753
Prepaid Expenses	343,534	207,886
Freestanding Derivatives	189,046	170,890
Other	28,885	23,319
Total Other Assets	$ 1,083,400	$ 944,848

Offsetting Of Assets And Liab_5

Offsetting Of Assets And Liabilities - Additional Information (Detail) - Cash Pooling Arrangement $ in Billions	Jun. 30, 2024 USD ($)
Offsetting Assets [Line Items]
Aggregate cash balance on deposit relating to the cash pooling arrangement	$ 1.1
Overdraft facility	$ 1.1

Carrying Value and Fair Value o

Carrying Value and Fair Value of Blackstone Issued Notes (Detail) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Carrying Value	[1]	$ 10,688,193	$ 11,304,059
Debt instrument, fair value	[1]	9,257,640	9,968,748
Senior Secured Notes
Debt Instrument [Line Items]
Carrying Value	[2]	10,517,923	10,576,988
Debt instrument, fair value	[2]	9,087,370	9,241,677
Borrowings Of Consolidated Blackstone Funds
Debt Instrument [Line Items]
Carrying Value	[1]	130,321	687,122
Debt instrument, fair value	[1]	130,321	687,122
2.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	326,438	336,005
Debt instrument, fair value	[2]	316,643	324,778
1.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	645,084	664,085
Debt instrument, fair value	[2]	606,778	620,864
3.150% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	298,669	298,476
Debt instrument, fair value	[2]	281,307	283,059
5.900% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	595,950	595,411
Debt instrument, fair value	[2]	612,414	625,158
1.625% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	645,888	645,406
Debt instrument, fair value	[2]	567,853	566,508
1.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	647,358	666,655
Debt instrument, fair value	[2]	589,423	601,272
2.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	494,067	493,573
Debt instrument, fair value	[2]	435,685	431,005
1.600% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	496,678	496,447
Debt instrument, fair value	[2]	394,050	391,955
2.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	789,891	789,283
Debt instrument, fair value	[2]	631,368	633,153
2.550% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	495,907	495,670
Debt instrument, fair value	[2]	414,395	410,755
6.200% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	892,225	891,899
Debt instrument, fair value	[2]	946,970	962,037
3.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	506,384	521,549
Debt instrument, fair value	[2]	527,546	536,319
6.250% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	239,604	239,457
Debt instrument, fair value	[2]	258,883	263,270
5.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	490,116	489,975
Debt instrument, fair value	[2]	459,190	464,560
4.450% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	344,765	344,691
Debt instrument, fair value	[2]	295,155	297,486
4.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	291,260	291,149
Debt instrument, fair value	[2]	231,543	233,685
3.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	392,526	392,436
Debt instrument, fair value	[2]	281,848	294,608
2.800% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	394,177	394,103
Debt instrument, fair value	[2]	239,220	252,008
2.850% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	543,397	543,317
Debt instrument, fair value	[2]	336,969	352,457
3.200% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	987,539	987,401
Debt instrument, fair value	[2]	660,130	696,740
Secured Borrowings One | Other
Debt Instrument [Line Items]
Carrying Value	[3]	19,949	19,949
Debt instrument, fair value	[3]	19,949	19,949
Secured Borrowings Two | Other
Debt Instrument [Line Items]
Carrying Value	[3]	20,000	20,000
Debt instrument, fair value	[3]	20,000	20,000
Blackstone Operating Borrowings | Other
Debt Instrument [Line Items]
Carrying Value	[3]	10,557,872	10,616,937
Debt instrument, fair value	[3]	9,127,319	9,281,626
CLO Notes Payable | Borrowings Of Consolidated Blackstone Funds
Debt Instrument [Line Items]
Carrying Value	[1]	130,321	687,122
Debt instrument, fair value	[1]	$ 130,321	$ 687,122
[1]CLO Notes Payable have maturity dates ranging from June 2025 to January 2037 and have an effective interest rate of 8.67% as of June 30, 2024. A portion of the borrowing outstanding is comprised of subordinated notes which do not have contractual interest rates but instead pay distributions from the excess cash flows of the CLO vehicles.[2]Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.[3]The Secured Borrowing, Due 10/27/2033 has an interest rate of 7.64% and the Secured Borrowing, Due 1/29/2035 has an interest rate of 7.64%. Principal on the Secured Borrowings will be paid over the term with repayment amounts dependent on the performance of the underlying assets securing each borrowing. Repayment amounts from the underlying assets are restricted to solely satisfy the Secured Borrowings obligations. As of June 30, 2024, the fair value of the assets securing both Secured Borrowings equaled $48.5 million.

Carrying Value and Fair Value_2

Carrying Value and Fair Value of Blackstone Issued Notes (Parenthetical) (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
Fair Value of assets secured for secured borrowings	$ 48.5
Liabilities Of Consolidated Clo Vehicles Notes Payable
Debt Instrument [Line Items]
Debt instrument, interest rate	8.67%
Debt instrument, maturity date, description	June 2025 to January 2037
2.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	May 19, 2025	[1]
2.000% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2%	[1]
1.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 05, 2026	[1]
1.000% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1%	[1]
3.150% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 02, 2027	[1]
3.150% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.15%	[1]
5.900% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Nov. 03, 2027	[1]
5.900% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	5.90%	[1]
1.625% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Aug. 05, 2028	[1]
1.625% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.625%	[1]
1.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Apr. 10, 2029	[1]
1.500% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.50%	[1]
2.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jan. 10, 2030	[1]
2.500% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.50%	[1]
1.600% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Mar. 30, 2031	[1]
1.600% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.60%	[1]
2.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jan. 30, 2032	[1]
2.000% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2%	[1]
2.550% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Mar. 30, 2032	[1]
2.550% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.55%	[1]
6.200% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Apr. 22, 2033	[1]
6.200% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	6.20%	[1]
3.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jun. 01, 2034	[1]
3.500% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.50%	[1]
6.250% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Aug. 15, 2042	[1]
6.250% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	6.25%	[1]
5.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jun. 15, 2044	[1]
5.000% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	5%	[1]
4.450% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jul. 15, 2045	[1]
4.450% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4.45%	[1]
4.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 02, 2047	[1]
4.000% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4%	[1]
3.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Sep. 10, 2049	[1]
3.500% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.50%	[1]
2.800% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Sep. 30, 2050	[1]
2.800% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.80%	[1]
2.850% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Aug. 05, 2051	[1]
2.850% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.85%	[1]
3.200% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jan. 30, 2052	[1]
3.200% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.20%	[1]
Secured Borrowings One
Debt Instrument [Line Items]
Debt instrument, interest rate	7.64%
Debt instrument, maturity date	Oct. 27, 2033	[2]
Secured Borrowings Two
Debt Instrument [Line Items]
Debt instrument, interest rate	7.64%
Debt instrument, maturity date	Jan. 29, 2035	[2]
[1]Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.[2]The Secured Borrowing, Due 10/27/2033 has an interest rate of 7.64% and the Secured Borrowing, Due 1/29/2035 has an interest rate of 7.64%. Principal on the Secured Borrowings will be paid over the term with repayment amounts dependent on the performance of the underlying assets securing each borrowing. Repayment amounts from the underlying assets are restricted to solely satisfy the Secured Borrowings obligations. As of June 30, 2024, the fair value of the assets securing both Secured Borrowings equaled $48.5 million.

Scheduled Principal Payments fo

Scheduled Principal Payments for Borrowings (Detail) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
2024	$ 0
2025	329,614
2026	648,827
2027	911,589
2028	664,090
Thereafter	8,270,222
Total	10,824,342
Blackstone Operating Borrowings
Debt Instrument [Line Items]
2024	0
2025	329,614
2026	648,827
2027	911,589
2028	664,090
Thereafter	8,128,430
Total	10,682,550
Borrowings of Consolidated Blackstone Funds
Debt Instrument [Line Items]
2024	0
2025	0
2026	0
2027	0
2028	0
Thereafter	141,792
Total	$ 141,792

Schedule of Major Filing Jurisd

Schedule of Major Filing Jurisdictions and Open Period Subject to Examinations (Detail)	6 Months Ended
	Jun. 30, 2024
Federal
Income Tax Examination [Line Items]
Open Tax Year	2020
New York City
Income Tax Examination [Line Items]
Open Tax Year	2009
New York State
Income Tax Examination [Line Items]
Open Tax Year	2016
United Kingdom
Income Tax Examination [Line Items]
Open Tax Year	2011

Basic and Diluted Net Income Pe

Basic and Diluted Net Income Per Common Stock (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Line Items]
Net Income Attributable to Blackstone Inc., Basic and Diluted	$ 444,414	$ 601,274	$ 1,291,800	$ 687,086
Weighted-Average Shares of Common Stock Outstanding, Basic	769,187,351	758,479,943	764,492,944	752,306,729
Weighted-Average Shares of Unvested Deferred Restricted Common Stock	47,326	68,305	253,218	323,656
Weighted-Average Shares of Common Stock Outstanding, Diluted	769,234,677	758,548,248	764,746,162	752,630,385
Net Income Per Share of Common Stock, Basic	$ 0.58	$ 0.79	$ 1.69	$ 0.91
Net Income Per Share of Common Stock, Diluted	0.58	0.79	1.69	0.91
Dividends Declared Per Share of Common Stock	$ 0.83	$ 0.82	$ 1.77	$ 1.73

Summary of Anti-Dilutive Securi

Summary of Anti-Dilutive Securities (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Blackstone Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-Average Units	456,231,581	461,569,524	457,074,596	462,255,884

Schedule of Shares Eligible For

Schedule of Shares Eligible For Dividends and Distribution (Detail)	Jun. 30, 2024 shares
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	768,224,405
Shares eligible for dividends and distributions	1,223,867,331
Common Stock
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	722,540,712
Unvested Participating Common Stock
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	45,683,693
Participating Partnership Units
Stockholders Equity [Line Items]
Participating Blackstone Holdings Partnership Units	455,642,926

Earnings Per Share and Stockh_3

Earnings Per Share and Stockholder's Equity - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jul. 16, 2024	Dec. 07, 2021
Stockholders Equity [Line Items]
Amount remaining available for repurchases	$ 424.1		$ 424.1
Common Stock
Stockholders Equity [Line Items]
Common stock repurchased, units	2,000,000	1,000,000	2,700,000	2,000,000
Amount authorized to repurchase under unit repurchase program					$ 2,000	$ 2,000
Common stock repurchased, cost	$ 244.3	$ 86	$ 332.7	$ 176.1

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jan. 01, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Partnership grant units					173,443,452
Compensation expense in relation to equity-based awards	$ 301,000	$ 260,400	$ 621,681	$ 537,781
Tax benefits in relation to equity-based awards	62,700	$ 43,800	127,900	$ 83,100
Estimated unrecognized compensation expense related to unvested awards	$ 2,600,000		$ 2,600,000
Weighted-average period for recognized compensation expense related to unvested awards, years			3 years 4 months 24 days
Total vested and unvested outstanding units	1,223,810,180		1,223,810,180
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total outstanding unvested phantom units	109,643		109,643

Summary of Status of Partnershi

Summary of Status of Partnership's Unvested Equity-Based Awards (Detail)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Blackstone | Blackstone Partnership Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	4,585,893
Granted (Units) | shares	0
Vested (Units) | shares	(704,040)
Forfeited (Units) | shares	(35,431)
Ending Balance | shares	3,846,422
Beginning Balance | $ / shares	$ 38.94
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	0
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	35.07
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	46.58
Ending Balance | $ / shares	$ 39.6
Blackstone Group Inc. | Equity Settled Awards Deferred Restricted Shares Of Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	36,456,644
Granted (Units) | shares	11,274,360
Vested (Units) | shares	(3,914,003)
Forfeited (Units) | shares	(950,033)
Ending Balance | shares	42,866,968
Beginning Balance | $ / shares	$ 86.05
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	130.88
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	91.72
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	93.35
Ending Balance | $ / shares	$ 97.28
Blackstone Group Inc. | Cash Settled Awards Phantom Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	85,447
Granted (Units) | shares	38,819
Vested (Units) | shares	(7,100)
Forfeited (Units) | shares	(15,130)
Ending Balance | shares	102,036
Beginning Balance | $ / shares	$ 114.5
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	121.94
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	128.09
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	128.09
Ending Balance | $ / shares	$ 120.45

Unvested Shares and Units, Afte

Unvested Shares and Units, After Expected Forfeitures (Detail)	6 Months Ended
	Jun. 30, 2024 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Blackstone Holdings Partnership Units	4,089,151
Deferred Restricted Shares of Common Stock	38,587,380
Total Equity-Based Awards	42,676,531
Phantom Shares	86,032
Blackstone Holdings Partnership Units (Weighted-Average Service Period in Years)	2 months 12 days
Deferred Restricted Shares of Common Stock (Weighted-Average Service in Years)	2 years 10 months 24 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

Due from Affiliates and Due to

Due from Affiliates and Due to Affiliates (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated Entities and Portfolio Companies	$ 3,745,712	$ 3,638,948
Due from Certain Non-Controlling Interest Holders and Blackstone Employees	1,003,299	720,743
Accrual for Potential Clawback of Previously Distributed Performance Allocations	119,058	106,830
Due from Affiliates, total	4,868,069	4,466,521
Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements	1,679,102	1,681,516
Due to Non-Consolidated Entities	107,693	124,560
Due to Certain Non-Controlling Interest Holders and Blackstone Employees	208,256	305,816
Accrual for Potential Repayment of Previously Received Performance Allocations	369,048	281,518
Due to Affiliates, total	2,364,099	2,393,410
Related Party
Related Party Transaction [Line Items]
Due from Affiliates, total	4,868,069	4,466,521
Due to Affiliates, total	$ 2,364,099	$ 2,393,410

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Investments	$ 26,426,289		$ 26,426,289		$ 26,146,622
Cash saving in tax receivable agreements, percentage			85%
Expected future payments under the tax receivable agreements	1,700,000		$ 1,700,000
Expected future payments under the tax receivable agreements in years			15 years
After-tax net present value estimated payments	$ 517,600		$ 517,600
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	$ 41,100	$ 32,200	$ 73,000	$ 54,400
Founder, senior managing directors, employees and certain other related parties | Consolidated Blackstone Funds
Related Party Transaction [Line Items]
Investments	$ 1,900,000		$ 1,900,000		$ 1,700,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jan. 01, 2023
Schedule Of Commitments And Contingencies [Line Items]
General partner capital funding	$ 4,900
Total investments at risk in respect of guarantees extended	$ 27.8
Contingent obligations currently anticipated to expire end	2032
Provision for cash clawback	$ 1,000
Contingent Obligations (Clawback)	6,900
Blackstone Real Estate Investment Trust or BREIT
Schedule Of Commitments And Contingencies [Line Items]
Percentage Of Incremental Cash Payment In Excess Of Target Return		5%
Security Owned and Pledged as Collateral, Associated Liabilities, Fair Value	751.5
Investments Pledged fair value	1,100	$ 1,100
Common stock, value, subscriptions			$ 4,500
Blackstone Real Estate Investment Trust or BREIT | University of California
Schedule Of Commitments And Contingencies [Line Items]
Percentage of targeted annualized net return		11.25%
Cost of the investment		$ 4,500
Guarantee Supporting Certain Short Term Obligations [Member] | Non Consolidated Private Equity Vehicle [Member]
Schedule Of Commitments And Contingencies [Line Items]
Guarantee provided maximum	260
Blackstone Holdings
Schedule Of Commitments And Contingencies [Line Items]
Loans held By employees for investment guaranteed	80.2
Contingent Obligations (Clawback)	6,300
Consolidated Blackstone Funds
Schedule Of Commitments And Contingencies [Line Items]
Funds signed investment commitments	359.6
Consolidated Blackstone Funds | Portfolio Company Acquisition
Schedule Of Commitments And Contingencies [Line Items]
Signed investment commitments for portfolio company acquisitions in process of closing	$ 151.5

Clawback Obligations by Segment

Clawback Obligations by Segment (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Product Liability Contingency [Line Items]
Clawback obligations	$ 369,048	$ 281,518	[1]
Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	254,123	174,688
Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	114,925	106,830	[2]
Real Estate Segment
Product Liability Contingency [Line Items]
Clawback obligations	317,941	235,772	[1]
Real Estate Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	221,220	145,435
Real Estate Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	96,721	90,337	[2]
Private Equity Segment
Product Liability Contingency [Line Items]
Clawback obligations	50,622	45,277	[1]
Private Equity Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	32,689	29,046
Private Equity Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	17,933	16,231	[2]
Credit & Insurance
Product Liability Contingency [Line Items]
Clawback obligations	485	469	[1]
Credit & Insurance | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations	214	207
Credit & Insurance | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	$ 271	$ 262	[2]
[1]Total is a component of Due to Affiliates. See Note 15. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.”[2]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.

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - Segment	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Number of business segments	4	4

Financial Data of Segments (Det

Financial Data of Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Fee Related Performance Revenues	$ 177,067	$ 266,738	$ 472,568	$ 414,982
Realized Performance Revenues	719,940	655,161	1,551,798	1,444,931
Realized Performance Compensation	(337,875)	(269,423)	(670,476)	(629,498)
Realized Principal Investment Income	16,572	(7,461)	26,510	36,230
Operating Segments
Segment Reporting Information [Line Items]
Base Management Fees	1,651,566	1,620,609	3,296,296	3,240,156
Transaction, Advisory and Other Fees, Net	132,536	92,735	199,474	138,445
Management Fee Offsets	(4,164)	(10,158)	(8,261)	(23,028)
Total Management and Advisory Fees, Net	1,779,938	1,703,186	3,487,509	3,355,573
Fee Related Performance Revenues	177,067	266,738	472,568	414,982
Fee Related Compensation	(552,913)	(568,808)	(1,106,990)	(1,077,779)
Other Operating Expenses	(293,122)	(257,366)	(582,100)	(509,014)
Fee Related Earnings	1,110,970	1,143,750	2,270,987	2,183,762
Realized Performance Revenues	542,889	388,423	1,079,282	1,029,949
Realized Performance Compensation	(251,057)	(178,370)	(504,081)	(474,394)
Realized Principal Investment Income	16,572	(7,461)	26,510	36,230
Total Net Realizations	308,404	202,592	601,711	591,785
Total Segment Distributable Earnings	1,419,374	1,346,342	2,872,698	2,775,547
Segment Assets	37,610,517		37,610,517
Operating Segments | Real Estate Segment
Segment Reporting Information [Line Items]
Base Management Fees	685,784	709,977	1,379,963	1,415,364
Transaction, Advisory and Other Fees, Net	75,140	27,066	104,330	47,627
Management Fee Offsets	(3,467)	(8,307)	(6,397)	(18,764)
Total Management and Advisory Fees, Net	757,457	728,736	1,477,896	1,444,227
Fee Related Performance Revenues	606	131,299	130,564	152,047
Fee Related Compensation	(184,404)	(199,006)	(358,973)	(336,616)
Other Operating Expenses	(92,378)	(71,949)	(182,140)	(146,130)
Fee Related Earnings	481,281	589,080	1,067,347	1,113,528
Realized Performance Revenues	53,472	119,721	103,439	130,817
Realized Performance Compensation	(25,295)	(69,593)	(47,158)	(72,758)
Realized Principal Investment Income	7,053	(70)	9,246	2,154
Total Net Realizations	35,230	50,058	65,527	60,213
Total Segment Distributable Earnings	516,511	639,138	1,132,874	1,173,741
Segment Assets	12,927,964		12,927,964
Operating Segments | Private Equity Segment
Segment Reporting Information [Line Items]
Base Management Fees	468,237	466,761	942,828	942,246
Transaction, Advisory and Other Fees, Net	46,238	49,722	73,129	65,319
Management Fee Offsets	376	(794)	101	(2,104)
Total Management and Advisory Fees, Net	514,851	515,689	1,016,058	1,005,461
Fee Related Performance Revenues	8,703	0	8,703	0
Fee Related Compensation	(158,068)	(162,379)	(320,627)	(330,105)
Other Operating Expenses	(87,436)	(77,423)	(177,471)	(157,174)
Fee Related Earnings	278,050	275,887	526,663	518,182
Realized Performance Revenues	381,797	220,886	831,671	721,893
Realized Performance Compensation	(179,761)	(90,162)	(400,242)	(323,759)
Realized Principal Investment Income	5,725	11,708	28,154	45,876
Total Net Realizations	207,761	142,432	459,583	444,010
Total Segment Distributable Earnings	485,811	418,319	986,246	962,192
Segment Assets	15,173,309		15,173,309
Operating Segments | Credit & Insurance Segment
Segment Reporting Information [Line Items]
Base Management Fees	380,943	326,066	741,864	643,319
Transaction, Advisory and Other Fees, Net	10,250	14,995	20,036	23,443
Management Fee Offsets	(993)	(1,056)	(1,885)	(2,157)
Total Management and Advisory Fees, Net	390,200	340,005	760,015	664,605
Fee Related Performance Revenues	167,758	135,439	333,301	262,935
Fee Related Compensation	(172,551)	(165,147)	(351,072)	(326,234)
Other Operating Expenses	(88,348)	(80,443)	(172,924)	(154,008)
Fee Related Earnings	297,059	229,854	569,320	447,298
Realized Performance Revenues	91,247	42,344	106,367	167,525
Realized Performance Compensation	(37,738)	(17,572)	(43,059)	(74,063)
Realized Principal Investment Income	3,511	(19,394)	7,072	(13,428)
Total Net Realizations	57,020	5,378	70,380	80,034
Total Segment Distributable Earnings	354,079	235,232	639,700	527,332
Segment Assets	7,763,104		7,763,104
Operating Segments | Multi Assets Investing Segment
Segment Reporting Information [Line Items]
Base Management Fees	116,602	117,805	231,641	239,227
Transaction, Advisory and Other Fees, Net	908	952	1,979	2,056
Management Fee Offsets	(80)	(1)	(80)	(3)
Total Management and Advisory Fees, Net	117,430	118,756	233,540	241,280
Fee Related Performance Revenues	0	0	0	0
Fee Related Compensation	(37,890)	(42,276)	(76,318)	(84,824)
Other Operating Expenses	(24,960)	(27,551)	(49,565)	(51,702)
Fee Related Earnings	54,580	48,929	107,657	104,754
Realized Performance Revenues	16,373	5,472	37,805	9,714
Realized Performance Compensation	(8,263)	(1,043)	(13,622)	(3,814)
Realized Principal Investment Income	283	295	(17,962)	1,628
Total Net Realizations	8,393	4,724	6,221	7,528
Total Segment Distributable Earnings	62,973	$ 53,653	113,878	$ 112,282
Segment Assets	$ 1,746,140		$ 1,746,140

Reconciliation of Total Segment

Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total Revenues		$ 2,796,381	$ 2,814,691	$ 6,484,209	$ 4,196,536
Less: Unrealized Principal Investment (Income) Loss		(31,776)	164,089	429,847	(327,328)
Total Expenses		1,632,706	1,475,310	3,423,113	2,664,655
Total Other Income		44,934	87,595	27,167	153,451
Total Other Income		0	0	0	0
Total GAAP Income Before Provision for Taxes		1,208,609	1,426,976	3,088,263	1,685,332
Less: Unrealized Principal Investment (Income) Loss		(31,776)	164,089	429,847	(327,328)
Total Assets		40,585,029		40,585,029		$ 40,287,530
Operating Segments
Segment Reporting Information [Line Items]
Total Revenues		2,516,466	2,350,886	5,065,869	4,836,734
Total Expenses		1,097,092	1,004,544	2,193,171	2,061,187
Total Segment Distributable Earnings		1,419,374	1,346,342	2,872,698	2,775,547
Total Assets		37,610,517		37,610,517
Consolidation Adjustments and Reconciling Items
Segment Reporting Information [Line Items]
Less: Unrealized Performance Revenues	[1]	(122,239)	(114,379)	(568,175)	644,937
Less: Unrealized Principal Investment (Income) Loss	[2]	38,125	(160,702)	(404,851)	318,418
Less: Interest and Dividend Revenue	[3]	(104,999)	(153,240)	(202,838)	(248,341)
Less: Other Revenue	[4]	(19,541)	31,718	(64,288)	45,898
Impact of Consolidation		(71,159)	(60,408)	(178,033)	(119,395)
Transaction-Related and Non-Recurring Items		(377)	(7,461)	(826)	(2,673)
Less: Unrealized Performance Allocations Compensation	[5]	(101,680)	(54,155)	(282,580)	259,094
Less: Equity-Based Compensation	[6]	(295,396)	(249,755)	(613,175)	(517,889)
Less: Interest Expense	[7]	(108,424)	(107,130)	(216,064)	(211,339)
Impact of Consolidation		(15,252)	(40,879)	(41,201)	(97,553)
Amortization of Intangibles		(7,333)	(7,412)	(14,666)	(18,753)
Transaction-Related and Non-Recurring Items		(5,339)	(9,689)	(57,985)	(13,522)
Administrative Fee Adjustment		2,465	2,413	4,942	4,860
Less: Unrealized Performance Revenues	[1]	(122,239)	(114,379)	(568,175)	644,937
Less: Unrealized Principal Investment (Income) Loss	[2]	38,125	(160,702)	(404,851)	318,418
Less: Interest and Dividend Revenue	[3]	(104,999)	(153,240)	(202,838)	(248,341)
Less: Other Revenue	[4]	(19,541)	31,718	(64,288)	45,898
Plus: Unrealized Performance Allocations Compensation	[5]	101,680	54,155	282,580	(259,094)
Plus: Equity-Based Compensation	[6]	295,396	249,755	613,175	517,889
Plus: Interest Expense	[7]	108,424	107,130	216,064	211,339
Amortization of Intangibles	[8]	7,333	7,412	14,666	18,753
Administrative Fee Adjustment	[9]	2,465	2,413	4,942	4,860
Transaction-Related Charges	[10]	4,962	2,228	57,159	10,849
Segment Adjustment
Segment Reporting Information [Line Items]
Intersegment Eliminations		275	667	671	1,354
Intersegment Eliminations		275	667	671	1,354
Impact of Consolidation
Segment Reporting Information [Line Items]
Total Other Income		(44,934)	(87,595)	(27,167)	(153,451)
Impact of Consolidation	[11]	(100,841)	$ (107,124)	(163,999)	$ (175,293)
Total Assets	[11]	$ (2,974,512)		$ (2,974,512)
[1]This adjustment removes Unrealized Performance Revenues on a segment basis.[2]This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis.[3]This adjustment removes Interest and Dividend Revenue on a segment basis.[4]This adjustment removes Other Revenue on a segment basis. For the three months ended June 30, 2024 and 2023, Other Revenue on a GAAP basis was $19.6 million and $(31.7) million, and included $19.5 million and $(32.0) million of foreign exchange gains (losses), respectively. For the six months ended June 30, 2024 and 2023, Other Revenue on a GAAP basis was $64.5 million and $(45.8) million, and included $64.1 million and $(46.7) million of foreign exchange gains (losses), respectively.[5]This adjustment removes Unrealized Performance Allocations Compensation.[6]This adjustment removes Equity-Based Compensation on a segment basis.[7]This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the Tax Receivable Agreement.[8]This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation.[9]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.[10]This adjustment removes Transaction-Related and Non-Recurring Items, which are excluded from Blackstone’s segment presentation. Transaction-Related and Non-Recurring Items arise from corporate actions including acquisitions, divestitures, Blackstone’s initial public offering and non-recurring gains, losses, or other charges, if any. They consist primarily of equity-based compensation charges, gains or 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, gains or losses associated with these corporate actions and non-recurring gains, losses or other charges that affect period-to-period comparability and are not reflective of Blackstone’s operational performance. For the six months ended June 30, 2024, this adjustment includes removal of an accrual for an estimated liability for a legal matter.[11]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.

Reconciliation of Total Segme_2

Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Total Segment Fee Related Performance Revenues	$ 177,067	$ 266,738	$ 472,568	$ 414,982
Total Segment Realized Performance Revenues	719,940	655,161	1,551,798	1,444,931
Total Segment Realized Principal Investment Income	16,572	(7,461)	26,510	36,230
Total Segment Realized Performance Compensation	337,875	269,423	670,476	629,498
Total Segment Other Operating Expenses	19,631	(31,664)	64,451	(45,818)
Foreign exchange gains (losses)	19,500	(32,000)	64,100	(46,700)
Operating Segments
Segment Reporting Information [Line Items]
Total Segment Management and Advisory Fees, Net	1,779,938	1,703,186	3,487,509	3,355,573
Total Segment Fee Related Performance Revenues	177,067	266,738	472,568	414,982
Total Segment Realized Performance Revenues	542,889	388,423	1,079,282	1,029,949
Total Segment Realized Principal Investment Income	16,572	(7,461)	26,510	36,230
Total Revenues	2,516,466	2,350,886	5,065,869	4,836,734
Total Segment Fee Related Compensation	552,913	568,808	1,106,990	1,077,779
Total Segment Realized Performance Compensation	251,057	178,370	504,081	474,394
Total Segment Other Operating Expenses	293,122	257,366	582,100	509,014
Total Expenses	$ 1,097,092	$ 1,004,544	$ 2,193,171	$ 2,061,187

Reconciliation of Total Segme_3

Reconciliation of Total Segments to Reported on the Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenues	[1]	$ (7,375)	$ (6,184)	$ (26,952)	$ (12,112)
Investment Income — Realized Performance Allocations		531,641	502,084	1,184,158	1,148,978
Realized Performance Revenues		177,067	266,738	472,568	414,982
Compensation		766,647	737,017	1,561,450	1,453,302
Incentive Fee Compensation		77,139	64,227	150,846	127,508
Realized Performance Allocations Compensation		260,736	205,196	519,630	501,990
Realized Performance Revenues		719,940	655,161	1,551,798	1,444,931
Segment Adjustment	[2]	16	0	52	0
Total Compensation and Benefits		1,104,522	1,006,440	2,231,926	2,082,800
General, Administrative and Other		311,928	275,034	681,878	548,428
General, Administrative and Other	[3]	(18,806)	(17,668)	(99,778)	(39,414)
Investment Income — Realized Performance Allocations		531,641	502,084	1,184,158	1,148,978
Realized Performance Revenues		719,940	655,161	1,551,798	1,444,931
Realized Performance Compensation		(337,875)	(269,423)	(670,476)	(629,498)
Investment Income Realized		74,045	54,835	152,642	162,893
Investment Income Realized	[4]	(57,473)	(62,296)	(126,132)	(126,663)
Investment Income Realized		16,572	(7,461)	26,510	36,230
Segment Adjustment	[5]	(5,156)	(9,507)	(7,680)	(12,738)
Less: Fee Related Performance Compensation	[6]	(82,962)	(87,743)	(158,160)	(148,814)
Total Segment		337,875	269,423	670,476	629,498
Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		1,787,313	1,709,370	3,514,461	3,367,685
Incentive Fees
Segment Reporting Information [Line Items]
Revenues		188,299	153,077	367,640	295,953
Operating Segments
Segment Reporting Information [Line Items]
Revenues		1,779,938	1,703,186	3,487,509	3,355,573
Realized Performance Revenues		177,067	266,738	472,568	414,982
Realized Performance Revenues		542,889	388,423	1,079,282	1,029,949
Realized Performance Revenues		(177,067)	(266,738)	(472,568)	(414,982)
General, Administrative and Other		293,122	257,366	582,100	509,014
Realized Performance Revenues		542,889	388,423	1,079,282	1,029,949
Less: Realized Performance Revenues		(542,889)	(388,423)	(1,079,282)	(1,029,949)
Realized Performance Compensation		(251,057)	(178,370)	(504,081)	(474,394)
Investment Income Realized		16,572	(7,461)	26,510	36,230
Less: Equity-Based Compensation — Operating Compensation		(291,540)	(246,445)	(604,940)	(511,599)
Less: Equity-Based Compensation — Performance Compensation		(3,856)	(3,310)	(8,235)	(6,290)
Total Compensation and Benefits		552,913	568,808	1,106,990	1,077,779
Less: Equity-Based Compensation — Performance Compensation		(3,856)	(3,310)	(8,235)	(6,290)
Total Segment		251,057	178,370	504,081	474,394
Operating Segments | Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		$ 1,779,938	$ 1,703,186	$ 3,487,509	$ 3,355,573
[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 add back of Performance Revenues earned from consolidated Blackstone Funds which have been eliminated in consolidation.[3]Represents the (1) removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures, (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. For the six months ended June 30, 2024, this adjustment includes removal of an accrual for an estimated liability for a legal matter.[4]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.[5]Represents the removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures.[6]Fee related performance compensation may include equity-based compensation based on fee related performance revenues.