Blackstone (BX) 10-Q 1 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 25, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Trading Symbol	BX
Entity Registrant Name	Blackstone Inc.
Entity Central Index Key	0001393818
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Transition Report	false
Document Quarterly Report	true
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity File Number	001-33551
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8875684
Entity Address, Address Line One	345 Park Avenue
Local Phone Number	583-5000
Entity Address, State or Province	NY
Entity Address, City or Town	New York
City Area Code	212
Entity Address, Postal Zip Code	10154
Entity Common Stock, Shares Outstanding		722,002,699

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and Cash Equivalents	$ 2,353,332	$ 2,955,866
Cash Held by Blackstone Funds and Other	180,545	316,197
Investments	28,322,715	26,146,622
Accounts Receivable	300,004	193,365
Due from Affiliates	$ 5,163,883	$ 4,466,521
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Intangible Assets, Net	$ 174,265	$ 201,208
Goodwill	1,890,202	1,890,202
Other Assets	933,990	944,848
Right-of-Use Assets	978,699	841,307
Deferred Tax Assets	2,277,807	2,331,394
Total Assets	42,575,442	40,287,530
Liabilities and Equity
Loans Payable	10,752,246	11,304,059
Due to Affiliates	2,620,530	2,393,410
Accrued Compensation and Benefits	6,398,365	5,247,766
Operating Lease Liabilities	1,136,671	989,823
Accounts Payable, Accrued Expenses and Other Liabilities	2,202,689	2,277,258
Total Liabilities	23,110,501	22,212,316
Commitments and Contingencies
Redeemable Non-Controlling Interests in Consolidated Entities	892,846	1,179,073
Stockholders' Equity of Blackstone Inc.
Common Stock, $0.00001 par value, 90 billion shares authorized, (730,699,964 shares issued and outstanding as of September 30, 2024; 719,358,114 shares issued and outstanding as of December 31, 2023)	7	7
Additional Paid-in-Capital	6,257,788	6,175,190
Retained Earnings	760,471	660,734
Accumulated Other Comprehensive Loss	(10,609)	(19,133)
Total Stockholders' Equity of Blackstone Inc.	7,007,657	6,816,798
Non-Controlling Interests in Consolidated Entities	6,015,967	5,177,255
Non-Controlling Interests in Blackstone Holdings	5,548,471	4,902,088
Total Equity	18,572,095	16,896,141
Total Liabilities and Equity	42,575,442	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	Sep. 30, 2024	Dec. 31, 2023
Assets	$ 42,575,442	$ 40,287,530
Liabilities	$ 23,110,501	$ 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	730,699,964	719,358,114
Common shares outstanding	730,699,964	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	$ 4,107,053	$ 4,656,207
Liabilities	347,953	1,202,203
Consolidated Blackstone Funds | Loans Payable | Variable Interest Entity, Primary Beneficiary
Liabilities	107,715	687,122
Investments | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	3,873,027	4,319,483
Accounts Receivable | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	39,826	6,995
Cash Held by Funds and Other | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	180,545	316,197
Due from Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	10,121	12,762
Other Assets | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Assets	3,534	770
Due to Affiliates | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	166,535	123,909
Accounts Payable, Accrued Expenses and Other Liabilities | Consolidated Blackstone Funds | Variable Interest Entity, Primary Beneficiary
Liabilities	$ 73,703	$ 391,172

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Performance Allocations
Realized	$ 414,755	$ 453,690	$ 1,598,913	$ 1,602,668
Unrealized	1,154,918	(63,204)	1,723,090	(708,021)
Principal Investments
Realized	95,235	94,313	247,877	257,206
Unrealized	(1,864)	69,340	427,983	(257,988)
Total Investment Income	1,663,044	554,139	3,997,863	893,865
Interest and Dividend Revenue	109,774	109,133	312,612	348,123
Other	(96,312)	63,769	(31,861)	17,951
Total Revenues	3,663,194	2,541,285	10,147,403	6,737,821
Expenses
Compensation	732,041	700,268	2,293,491	2,153,570
Incentive Fee Compensation	73,464	65,432	224,310	192,940
Performance Allocations Compensation
Realized	169,740	168,620	689,370	670,610
Unrealized	465,099	11,866	747,679	(247,228)
Total Compensation and Benefits	1,440,344	946,186	3,954,850	2,769,892
General, Administrative and Other	340,945	279,186	1,022,823	827,614
Interest Expense	111,337	110,599	328,156	323,136
Fund Expenses	3,470	38,934	13,380	118,918
Total Expenses	1,896,096	1,374,905	5,319,209	4,039,560
Other Income (Loss)
Change in Tax Receivable Agreement Liability	0	0	0	1,887
Net Gains (Losses) from Fund Investment Activities	42,842	(49,078)	70,009	102,486
Total Other Income (Loss)	42,842	(49,078)	70,009	104,373
Income Before Provision for Taxes	1,809,940	1,117,302	4,898,203	2,802,634
Provision for Taxes	245,303	196,560	789,220	467,504
Net Income	1,564,637	920,742	4,108,983	2,335,130
Net Loss Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	(22,184)	(92,577)	(61,595)	(81,589)
Net Income Attributable to Non-Controlling Interests in Consolidated Entities	202,929	20,716	406,339	185,021
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings	603,057	440,609	1,691,604	992,618
Net Income Attributable to Blackstone Inc.	$ 780,835	$ 551,994	$ 2,072,635	$ 1,239,080
Net Income Per Share of Common Stock
Basic	$ 1.02	$ 0.73	$ 2.71	$ 1.64
Diluted	$ 1.02	$ 0.73	$ 2.71	$ 1.64
Weighted-Average Shares of Common Stock Outstanding
Basic	768,230,595	757,958,602	765,747,924	754,211,390
Diluted	768,280,366	758,046,096	765,933,326	754,456,326
Management and Advisory Fees, Net
Revenues
Revenues	$ 1,794,894	$ 1,655,443	$ 5,309,355	$ 5,023,128
Incentive Fees
Revenues
Revenues	$ 191,794	$ 158,801	$ 559,434	$ 454,754

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Income	$ 1,564,637	$ 920,742	$ 4,108,983	$ 2,335,130
Other Comprehensive Income (Loss) – Currency Translation Adjustment	75,461	(67,046)	30,493	(20,754)
Comprehensive Income	1,640,098	853,696	4,139,476	2,314,376
Comprehensive Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	14,035	(129,432)	(45,207)	(84,903)
Comprehensive Income Attributable to Non-Controlling Interests in Consolidated Entities	202,929	20,716	406,339	185,021
Comprehensive Income Attributable to Non-Controlling Interests in Blackstone Holdings	618,291	431,471	1,697,185	985,961
Comprehensive Income Attributable to Non-Controlling Interests	835,255	322,755	2,058,317	1,086,079
Comprehensive Income Attributable to Blackstone Inc.	$ 804,843	$ 530,941	$ 2,081,159	$ 1,228,297

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total	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)		2,416,719						1,239,080				1,239,080		185,021	992,618
Net Income (Loss)		(81,589)
Currency Translation Adjustment		(17,440)								(10,783)		(10,783)			(6,657)
Currency Translation Adjustment		(3,314)
Capital Contributions		470,661												463,377	7,284
Capital Contributions		140,840
Capital Distributions		(3,763,743)						(1,873,177)				(1,873,177)		(527,333)	(1,363,233)
Capital Distributions		(368,170)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		(3,072)												(3,072)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		6,857				6,857						6,857
Equity-Based Compensation		760,019				460,615						460,615			299,404
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(63,998)				(63,998)						(63,998)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		7,432,747
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(310,403)				(310,403)						(310,403)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(3,318,175)
Change in Blackstone Inc.'s Ownership Interest		15,867				(15,867)						(15,867)			15,867
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock						44,588						44,588			(44,588)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		4,051,368
Ending Balance at Sep. 30, 2023		17,461,661		7		6,057,065		1,114,009		(38,258)		7,132,823		5,174,473	5,154,365
Ending Balance, Units at Sep. 30, 2023	[1]		718,442,863
Ending Balance at Sep. 30, 2023		1,349,060
Beginning 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
Beginning Balance, Units at Jun. 30, 2023	[1]		713,551,859
Beginning Balance at Jun. 30, 2023		1,626,349
Net Income (Loss)		1,013,319						551,994				551,994		20,716	440,609
Net Income (Loss)		(92,577)
Currency Translation Adjustment		(30,191)								(21,053)		(21,053)			(9,138)
Currency Translation Adjustment		(36,855)
Capital Contributions		158,499												156,074	2,425
Capital Contributions		48,560
Capital Distributions		(1,218,471)						(598,263)				(598,263)		(177,001)	(443,207)
Capital Distributions		(196,417)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		(277)												(277)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		2,938				2,938						2,938
Equity-Based Compensation		246,883				149,843						149,843			97,040
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(40,897)				(40,897)						(40,897)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		4,759,543
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(134,272)				(134,272)						(134,272)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(1,318,175)
Change in Blackstone Inc.'s Ownership Interest						(12,858)						(12,858)			12,858
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock						15,944						15,944			(15,944)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		1,449,636
Ending Balance at Sep. 30, 2023		17,461,661		7		6,057,065		1,114,009		(38,258)		7,132,823		5,174,473	5,154,365
Ending Balance, Units at Sep. 30, 2023	[1]		718,442,863
Ending Balance at Sep. 30, 2023		1,349,060
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		87,643												87,643
Transfer In Due to Consolidation of Fund Entities		1,065
Net Income (Loss)		4,170,578						2,072,635				2,072,635		406,339	1,691,604
Net Income (Loss)		(61,595)
Currency Translation Adjustment		14,105								8,524		8,524			5,581
Currency Translation Adjustment		16,388
Capital Contributions		708,503												700,343	8,160
Capital Contributions		55,316
Capital Distributions		(3,760,330)						(1,972,898)				(1,972,898)		(416,359)	(1,371,073)
Capital Distributions		(228,310)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		60,612				(134)						(134)		60,746
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		121,541				121,541						121,541
Equity-Based Compensation		874,542				535,526						535,526			339,016
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(127,730)				(127,730)						(127,730)
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		10,309,560
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(473,510)				(473,510)						(473,510)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(3,700,000)
Change in Blackstone Inc.'s Ownership Interest		26,617				(26,617)						(26,617)			26,617
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock						53,522						53,522			(53,522)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		4,732,290
Ending Balance at Sep. 30, 2024		18,572,095		7		6,257,788		760,471		(10,609)		7,007,657		6,015,967	5,548,471
Ending Balance, Units at Sep. 30, 2024	[1]		730,699,964
Ending Balance at Sep. 30, 2024		892,846
Beginning 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
Beginning Balance, Units at Jun. 30, 2024	[1]		722,540,712
Beginning Balance at Jun. 30, 2024		888,868
Transfer In Due to Consolidation of Fund Entities		87,643												87,643
Transfer In Due to Consolidation of Fund Entities		0
Net Income (Loss)		1,586,821						780,835				780,835		202,929	603,057
Net Income (Loss)		(22,184)
Currency Translation Adjustment		39,242								24,008		24,008			15,234
Currency Translation Adjustment		36,219
Capital Contributions		189,376												186,158	3,218
Capital Contributions		43,083
Capital Distributions		(1,216,367)						(627,928)				(627,928)		(141,949)	(446,490)
Capital Distributions		(53,140)
Transfer and Repurchase of Non-Controlling Interests in Consolidated Entities		(1,420)				0						0		(1,420)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		52,997				52,997						52,997
Equity-Based Compensation		264,754				162,407						162,407			102,347
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(75,561)				(75,561)						(75,561)			0
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		7,259,786
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(140,817)				(140,817)						(140,817)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(1,000,000)
Change in Blackstone Inc.'s Ownership Interest						(23,823)						(23,823)			23,823
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock						21,966						21,966			(21,966)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		1,899,466
Ending Balance at Sep. 30, 2024		18,572,095		$ 7		$ 6,257,788		$ 760,471		$ (10,609)		$ 7,007,657		$ 6,015,967	$ 5,548,471
Ending Balance, Units at Sep. 30, 2024	[1]		730,699,964
Ending Balance at Sep. 30, 2024		$ 892,846
[1]During the period presented, Blackstone also had one share outstanding of each of Series I and Series II preferred stock, with par value of each less than one cent.

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Equity (Parenthetical)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net Income	$ 4,108,983	$ 2,335,130
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Net Realized Gains on Investments	(2,016,277)	(2,171,161)
Changes in Unrealized (Gains) Losses on Investments	(512,196)	236,161
Non-Cash Performance Allocations	(1,723,090)	708,021
Non-Cash Performance Allocations and Incentive Fee Compensation	1,656,373	612,097
Equity-Based Compensation Expense	885,862	797,762
Amortization of Intangibles	26,944	31,073
Other Non-Cash Amounts Included in Net Income	(141,766)	(691,415)
Cash Flows Due to Changes in Operating Assets and Liabilities
Cash Acquired With Consolidation Of Fund Entities	22,101
Cash Relinquished with Deconsolidation of Fund Entities	(113,224)	(113,588)
Accounts Receivable	(133,900)	(236,453)
Due from Affiliates	(445,388)	101,157
Other Assets	(41,946)	(44,728)
Accrued Compensation and Benefits	(557,187)	(510,514)
Accounts Payable, Accrued Expenses and Other Liabilities	237,730	88,010
Due to Affiliates	2,713	(3,955)
Investments Purchased	(1,313,128)	(2,437,975)
Cash Proceeds from Sale of Investments	3,377,653	4,461,596
Net Cash Provided by Operating Activities	3,320,257	3,161,218
Investing Activities
Purchase of Furniture, Equipment and Leasehold Improvements	(49,523)	(192,904)
Net Cash Paid for Acquisitions, Net of Cash Acquired		(5,420)
Net Cash Used in Investing Activities	(49,523)	(198,324)
Financing Activities
Distributions to Non-Controlling Interest Holders in Consolidated Entities	(650,455)	(795,554)
Contributions from Non-Controlling Interest Holders in Consolidated Entities	747,180	591,547
Payments Under Tax Receivable Agreement	(87,508)	(64,634)
Net Settlement of Vested Common Stock and Repurchase of Common Stock	(601,240)	(374,401)
Repayment and Repurchase of Loans Payable	(83,787)	(469,460)
Dividends/Distributions to Stockholders and Unitholders	(3,335,811)	(3,229,127)
Net Cash Used in Financing Activities	(4,011,621)	(4,341,629)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	2,701	(5,185)
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other
Net Decrease	(738,186)	(1,383,920)
Beginning of Period	3,272,063	4,493,715
End of Period	2,533,877	3,109,795
Supplemental Disclosure of Cash Flows Information
Payments for Interest	269,804	292,525
Payments for Income Taxes	492,142	460,531
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Non-Cash Contributions from Non-Controlling Interest Holders	8,160	18,566
Non-Cash Distributions to Non-Controlling Interest Holders	(2,374)	(107,232)
Transfer of Interests to Non-Controlling Interest Holders	(8,345)	(3,072)
Change in Blackstone Inc.'s Ownership Interest	(26,617)	(15,867)
Net Settlement of Vested Common Stock	925,711	617,197
Conversion of Blackstone Holdings Units to Common Stock	53,522	44,588
Acquisition of Ownership Interests from Non-Controlling Interest Holders
Deferred Tax Asset	(274,453)	(98,627)
Due to Affiliates	152,912	91,770
Equity	$ 121,541	$ 6,857

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents	$ 2,353,332	$ 2,955,866
Cash Held by Blackstone Funds and Other	180,545	316,197
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	$ 2,533,877	$ 3,272,063	$ 3,109,795	$ 4,493,715

Organization

Organization	9 Months Ended
	Sep. 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 basis, exchanging one Partnership Unit from each of the Holding Partnerships for one share of Blackstone common stock.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 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. The condensed consolidated financial statements, including these notes, are unaudited and exclude some of the disclosures required in audited financial statements. Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the condensed consolidated financial statements are presented fairly and that estimates made in preparing its condensed consolidated financial statements are reasonable. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in Blackstone’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission. 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 rights or participating rights that would overcome the control held by Blackstone. Accordingly, Blackstone consolidates Blackstone Holdings and records non-controlling interests to reflect the economic interests of the limited partners of Blackstone Holdings. In addition, Blackstone consolidates all variable interest entities (“VIE”) for which it is the primary beneficiary. An enterprise is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation guidance requires an analysis to determine (a) whether an entity in which Blackstone holds a variable interest is a VIE and (b) whether Blackstone’s involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests, would give it a controlling financial interest. Performance of that analysis requires the exercise of judgment. Blackstone determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a variable interest entity and continuously reconsiders that conclusion. In determining whether Blackstone is the primary beneficiary, Blackstone evaluates its control rights as well as economic interests in the entity held either directly or indirectly by Blackstone. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that Blackstone is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by Blackstone, affiliates of Blackstone or third parties) or amendments to the governing documents of the respective Blackstone Funds could affect an entity’s status as a VIE or the determination of the primary beneficiary. At each reporting date, Blackstone assesses whether it is the primary beneficiary and will consolidate or deconsolidate accordingly. Assets of consolidated VIEs that can only be used to settle obligations of the consolidated VIE and liabilities of a consolidated VIE for which creditors (or beneficial interest holders) do not have recourse to the general credit of Blackstone are presented in a separate section in the Condensed Consolidated Statements of Financial Condition. Blackstone’s other disclosures regarding VIEs are discussed in Note 9. “Variable Interest Entities.” Revenue Recognition Revenues primarily consist of management and advisory fees, incentive fees, investment income, interest and dividend revenue and other. Management and advisory fees and incentive fees are accounted for as contracts with customers. Under the guidance for contracts with customers, an entity is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. See Note 18. “Segment Reporting” for a disaggregated presentation of revenues from contracts with customers. Management and Advisory Fees, Net Blackstone earns base management fees from its customers at a fixed percentage of a calculation base which is typically assets under management, net asset value, gross asset value, total assets, committed capital or invested capital. Blackstone identifies its customers on a fund by fund basis in accordance with the terms and circumstances of the individual fund. Generally the customer is identified as the investors in its managed funds and investment vehicles, but for certain widely held funds or vehicles, the fund or vehicle itself may be identified as the customer. These customer contracts require Blackstone to provide investment management services, which represents a performance obligation that Blackstone satisfies over time. Management fees are a form of variable consideration because the fees Blackstone is entitled to vary based on fluctuations in the basis for the management fee. The amount recorded as revenue is generally determined at the end of the period because these management fees are payable on a regular basis (typically quarterly) and are not subject to clawback once paid. Transaction, advisory and other fees are principally fees charged to the investors of funds indirectly through the managed funds and portfolio companies. The investment advisory agreements generally require that the investment adviser reduce the amount of management fees payable by the investors to Blackstone (“management fee reductions”) by an amount equal to a portion of the transaction and other fees paid to Blackstone by the portfolio companies. The amount of the reduction varies by fund, the type of fee paid by the portfolio company and the previously incurred expenses of the fund. These fees and associated management fee reductions are a component of the transaction price for Blackstone’s performance obligation to provide investment management services to the investors of funds and are recognized as changes to the transaction price in the period in which they are charged and the services are performed. Management fee offsets are reductions to management fees payable by the investors of the Blackstone Funds, which are based on the amount such investors reimburse the Blackstone Funds or Blackstone primarily for placement fees. Providing investment management services requires Blackstone to arrange for services on behalf of its customers. In those situations where Blackstone is acting as an agent on behalf of the investors of funds, it presents the cost of services as net against management fee revenue. In all other situations, Blackstone is primarily responsible for fulfilling the services and is therefore acting as a principal for those arrangements. As a result, the cost of those services is presented as Compensation or General, Administrative and Other expense, as appropriate, with any reimbursement from the investors of the funds recorded as Management and Advisory Fees, Net. In cases where the investors of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract. Capitalized placement fees are amortized over the life of the customer contract, are recorded within Other Assets in the 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 share of the results of the fund vehicle (a “pro-rata allocation”). In addition to a pro-rata allocation, and assuming certain investment returns are achieved, Blackstone is entitled to a disproportionate allocation of the income otherwise allocable to the limited partners, commonly referred to as carried interest (“Performance Allocations”). 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 interest holders that would need to be repaid to the Blackstone carry funds if the Blackstone carry funds were to be liquidated based on the current fair value of the underlying funds’ investments as of the reporting date. The actual clawback liability, however, generally does not become realized until the end of a fund’s life except for certain funds, which may have an interim clawback liability. Performance Allocations in open-ended structures are realized based on the stated time period in the agreements and are generally not subject to clawback once paid. 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 allocations, its equity method investments, and other principal investments. Income (Loss) on Principal Investments is realized when Blackstone redeems all or a portion of its investment or when Blackstone receives cash income, such as dividends or distributions. Unrealized Income (Loss) on Principal Investments results from changes in the fair value of the underlying investment as well as the reversal of unrealized gain (loss) at the time an investment is realized. 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 derivatives where the fair value is based on observable inputs. Notes issued by consolidated CLO vehicles are classified within Level II of the fair value hierarchy. ● 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 grade residual interests in securitizations, investments in non-consolidated CLOs and certain over-the-counter derivatives where the fair value is based on unobservable inputs. 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 and liquidity risks. Investments for which market prices are not observable include private investments in the equity of operating companies, real estate properties, investments in non-consolidated CLO vehicles, certain funds of hedge funds and credit-focused investments. 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 assets held temporarily, less (b) the sum of the fair value of any beneficial interests retained by Blackstone (other than those that represent compensation for services) and Blackstone’s carrying value of any beneficial interests that represent compensation for services. As a result of this measurement alternative, there is no attribution of amounts to Non-Controlling Interests for consolidated CLO vehicles. Assets of the consolidated CLOs are presented within Investments within the 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, the institution of gates on redemptions or the suspension of redemptions or an ability to side pocket investments, at the discretion of the investee’s fund manager, and as a result, investments may not be redeemable at, or within three months of, the reporting date. A side-pocket is used by hedge funds and funds of hedge funds to separate investments that may lack a readily ascertainable value, are illiquid or are subject to liquidity restriction. Redemptions are generally not permitted until the investments within a side-pocket are liquidated or it is deemed that the conditions existing at the time that required the investment to be included in the side-pocket no longer exist. As the timing of either of these events is uncertain, the timing at which Blackstone may redeem an investment held in a side-pocket cannot be estimated. Further disclosure on instruments for which fair value is measured using NAV per share is presented in Note 5. “Net Asset Value as Fair Value.” 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 — Non-Controlling Interests in Consolidated Entities Non-Controlling Interests in Consolidated Entities represent the component of Equity in general partner entities and consolidated Blackstone funds held by third party investors and employees. The percentage interests in consolidated Blackstone funds held by third parties and employees is adjusted for general partner allocations and by subscriptions and redemptions in funds of hedge funds and certain credit-focused funds which occur during the reporting period. Income (Loss) and other comprehensive income, if applicable, arising from the respective entities is allocated to non-controlling interests in consolidated entities based on the relative ownership interests of third party investors and employees after considering any contractual arrangements that govern the allocation of income (loss) such as fees allocable to Blackstone Inc. Redeemable Non-Controlling Interests in Consolidated Entities 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 Interests in Consolidated Entities within the Condensed Consolidated Statements of Financial Condition. When redeemable amounts become legally payable to investors, they are classified as a liability and included in Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. For all consolidated vehicles in which redemption rights have not been granted, non-controlling interests are presented within Equity in the Condensed Consolidated Statements of Financial Condition as Non-Controlling Interests in Consolidated Entities. Non-Controlling Interests in Blackstone Holdings Non-Controlling Interests in Blackstone Holdings represent the component of Equity in the consolidated Blackstone Holdings Partnerships held by Blackstone personnel and others who are limited partners of the Blackstone Holdings Partnerships. 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 Interests in Blackstone Holdings. This residual attribution is based on the year to date average percentage of Blackstone Holdings Partnership Units and unvested participating Holdings Partnership Units held by Blackstone personnel and others who are limited partners of the Blackstone Holdings Partnerships. Unvested participating Holdings Partnership Units are excluded from the attribution in periods of loss as they are not contractually obligated to share in losses of the Holdings Partnerships. Income Taxes Provision for Income Taxes Income taxes are provided for using the asset and liability method under w

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2024
Intangible Assets	3.  Intangible Assets Intangible Assets, Net consists of the following: September 30, December 31, 2024 2023 Finite-Lived Intangible Assets/Contractual Rights  $ 1,769,372  $ 1,769,372 Accumulated Amortization (1,595,107 ) (1,568,164 ) Intangible Assets, Net  $ 174,265  $ 201,208 Amortization expense associated with Blackstone’s intangible assets was $9.0 million and $26.9 million for the three and nine months ended September 30, 2024, respectively, and $9.0 million and $31.1 million for the three and nine months ended September 30, 2023, respectively. Amortization of Intangible Assets held at September 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 September 30, 2024 are expected to amortize over a weighted-average period of 5.5 years.

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Investments	4.  Investments Investments consist of the following: September 30, December 31, 2024 2023 Investments of Consolidated Blackstone Funds  $ 3,873,027  $ 4,319,483 Equity Method Investments Partnership Investments 6,295,704 5,924,275 Accrued Performance Allocations 12,411,485   10,775,355   Corporate Treasury Investments 147,642 803,870 Other Investments 5,594,857 4,323,639  $ 28,322,715  $ 26,146,622 Blackstone’s share of Investments of Consolidated Blackstone Funds totaled $431.5 million and $1.0 billion at September 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ 10,721  $ (2,624 )  $ (29,725)  $ 18,184 Net Change in Unrealized Gains (Losses) 28,698 (19,145 ) 84,216  21,805 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds 39,419 (21,769 ) 54,491  39,989 Interest and Dividend Revenue and Foreign Exchange Gains (Losses) Attributable to Consolidated Blackstone Funds 3,423 (27,309 ) 15,518  62,497 Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities  $ 42,842  $ (49,078 )  $ 70,009   $ 102,486 Equity Method Investments Blackstone’s equity method investments include Partnership Investments, which represent the pro-rata investments, and any associated Accrued Performance Allocations, in Blackstone Funds, excluding any equity method investments for which the fair value option has been elected. Blackstone evaluates each of its equity method investments, excluding Accrued Performance Allocations, to determine if any were significant as defined by guidance from the United States Securities and Exchange Commission. As of and for the nine months ended September 30, 2024 and 2023, no individual equity method investment held by Blackstone met the significance criteria. Partnership Investments Blackstone recognized net gains (losses) related to its Partnership Investments accounted for under the equity method of $215.3 million and $48.1 million for the three months ended September 30, 2024 and 2023, respectively. Blackstone recognized net gains (losses) related to its equity method investments of $512.4 million and $208.6 million for the nine months ended September 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 170,069 2,732,551 399,619 150,739 3,452,978 Foreign Exchange Gain 1,764 — — — 1,764 Fund Distributions (432,118 ) (1,109,686 ) (180,658 ) (96,150 ) (1,818,612 ) Accrued Performance Allocations, September 30, 2024  $ 2,730,317  $ 8,716,785  $ 818,740  $ 145,643  $ 12,411,485 Corporate Treasury Investments The portion of corporate treasury investments included in Investments represents Blackstone’s investments into primarily fixed income securities, mutual fund interests, and other fund interests. These strategies are managed by a combination of Blackstone personnel and third party advisors. The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Losses  $ (11 )  $  (2,283 )  $ (2,660 )  $ (2,206 ) Net Change in Unrealized Gains (Losses) 6,935 (7,425 ) 9,711 1,161  $ 6,924  $ (9,708 )  $ 7,051  $ (1,045 ) 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 CLO vehicles. Equity investments without a readily determinable fair value had a carrying value of $357.9 million as of September 30, 2024. In the period of acquisition and upon remeasurement in connection with an observable transaction, such investments are reported at fair value. See Note 8. “Fair Value Measurements of Financial Instruments” for additional detail. The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ (3,702 )  $ 2,305  $ 1,114  $ (13,880 ) Net Change in Unrealized Gains (Losses) (21,118 ) 149,851 426,250 (5,334 )  $ (24,820 )  $ 152,156  $ 427,364  $ (19,214 )

Net Asset Value as Fair Value

Net Asset Value as Fair Value	9 Months Ended
	Sep. 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 September 30, 2024 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value  (if currently eligible)  Notice Period Equity  $ 413,313 (b) (b) Real Estate 83,505 (c) (c) Other 6,952 (d) (d)  $    503,770 (a) As of September 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 69% 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 31% 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	9 Months Ended
	Sep. 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. dollar denominated currency net investments. As a result of the use of derivative contracts, Blackstone and the consolidated Blackstone funds are exposed to the risk that counterparties will fail to fulfill their contractual obligations. To mitigate such counterparty risk, Blackstone and the consolidated Blackstone funds enter into contracts with certain major financial institutions, all of which have investment grade ratings. Counterparty credit risk is evaluated in determining the fair value of derivative instruments. 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. 31 The table below summarizes the aggregate notional amount and fair value of the derivative financial instruments. The notional amount represents the absolute value amount of all outstanding derivative contracts. September 30, 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  $ 623,740  $ 124,009  $ 601,000  $ 72,600  $ 634,840  $ 145,798  $ 607,000  $ 86,589 Foreign Currency Contracts 445,761 12,292 181,298 2,092 387,102 11,442 334,228 3,538 Credit Default Swaps — — 640 9 3,108 479 3,748 508 Total Return Swaps 30,062 5,636 — — 63,158 13,171 — — Equity Options — — 1,139,349 857,632 — — 1,110,490 563,986 1,099,563 141,937 1,922,287 932,333 1,088,208 170,890 2,055,466 654,621 Investments of Consolidated Blackstone Funds Interest Rate Contracts 982,952 13,819 843,764 17,066 855,683 19,189 — — 982,952 13,819 843,764 17,066 855,683 19,189 — —  $  2,082,515  $  155,756  $  2,766,051  $  949,399  $  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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts  $ —  $ 2,213  $ (614 )  $ 2,360 Foreign Currency Contracts 3,078 (3,072 ) 6,380 6,951 Credit Default Swaps — — 75 (413 ) Total Return Swaps 6,455 3,436 19,325 14,461 9,533 2,577 25,166 23,359 Net Change in Unrealized Gains (Losses) Interest Rate Contracts (23,272 ) (3,148 ) (1,176 ) (371 ) Foreign Currency Contracts 8,028 (3,375 ) 2,413 (11,213 ) Credit Default Swaps (2 ) 2 (54 ) 366 Total Return Swaps (3,592 ) 884 (6,930 ) (1,293 ) Equity Options (106,119 ) (38,710 ) (293,646 ) (211,586 ) (124,957 ) (44,347 ) (299,393 ) (224,097 )  $ (115,424 )  $ (41,770 )  $ (274,227 )  $ (200,738 ) As of September 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	9 Months Ended
	Sep. 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: September 30, December 31, 2024 2023 Assets Loans and Receivables  $ 192,271  $ 60,738 Equity and Preferred Securities 3,372,042 2,894,302 Debt Securities 63,735 63,486 Assets of Consolidated CLO Vehicles Corporate Loans 90,875 938,801  $   3,718,923  $   3,957,327 Liabilities CLO Notes Payable  $ 107,715  $ 687,122 Corporate Treasury Commitments 1,470 1,264  $ 109,185  $ 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 September 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  $ (625 )  $ 406  $ (520 )  $ 406 Equity and Preferred Securities 884 (21,743 ) 406 11,538 Debt Securities — 87 — (904 ) Assets of Consolidated CLO Vehicles Corporate Loans (438 ) 1,065 47 703  $ (179 )  $ (20,185 )  $ (67 )  $ 11,743 Liabilities CLO Notes Payable  $ —  $ (391 )  $ —  $ (907 ) Corporate Treasury Commitments — 16 — 2,213  $ —  $ (375 )  $ —  $ 1,306 Nine Months Ended September 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  $ (3,647 )  $ 218  $ (6,515 )  $ 4,330 Equity and Preferred Securities 6,072 (23,094 ) (776 ) (6,763 ) Debt Securities — (2,034 ) — (3,611 ) Assets of Consolidated CLO Vehicles Corporate Loans (3,042 ) 2,520 (6,152 ) 5,335  $ (617 )  $ (22,390 )  $ (13,443 )  $ (709 ) Liabilities CLO Notes Payable  $ —  $ 1,384  $ —  $ 16 Corporate Treasury Commitments — (206 ) — 6,586  $ —  $ 1,178  $ —  $ 6,602 The following table presents information for those financial instruments for which the fair value option was elected: September 30, 2024 December 31, 2023 For Financial Assets For Financial Assets Past Due (a) Past Due (a) Excess Excess Excess Excess of Fair Value Fair of Fair Value of Fair Value Fair of Fair Value Over Principal   Value   Over Principal Over Principal   Value   Over Principal Loans and Receivables  $ 2,099  $ —  $ —  $ 675  $ —  $ — Debt Securities (55,104 ) — — (52,577 ) — — Assets of Consolidated CLO Vehicles Corporate Loans (2,990 ) 1,313 — (8,751 ) 1,345 —  $ (55,995 )  $ 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 September 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 status and there were two Corporate Loans included within the Assets of Consolidated CLO Vehicles for which the fair value option was elected that were past due but was not in non-accrual status.

Fair Value Measurements of Fina

Fair Value Measurements of Financial Instruments	9 Months Ended
	Sep. 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: September 30, 2024 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents  $ 59,326  $ —  $ —  $ —  $ 59,326 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 9,099 128,405 3,118,501 496,818 3,752,823 Debt Instruments — 90,173 16,212 — 106,385 Freestanding Derivatives — 13,819 — — 13,819 Total Investments of Consolidated Blackstone Funds 9,099 232,397 3,134,713 496,818 3,873,027 Corporate Treasury Investments 74,030 68,117 5,495 — 147,642 Other Investments 2,029,109 3,009,294 196,631 6,952 5,241,986 Total Investments 2,112,238 3,309,808 3,336,839 503,770 9,262,655 Accounts Receivable - Loans and Receivables — — 192,271 — 192,271 Other Assets - Freestanding Derivatives — 136,301 5,636 — 141,937  $ 2,171,564  $ 3,446,109  $ 3,534,746  $ 503,770  $ 9,656,189 Liabilities Loans Payable - CLO Notes Payable  $ —  $ 107,715  $ —  $ —  $ 107,715 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 17,066 — — 17,066 Freestanding Derivatives — 74,701 857,632 — 932,333 Contingent Consideration — — 504 — 504 Corporate Treasury Commitments — — 1,470 — 1,470 Securities Sold, Not Yet Purchased 3,959 — — — 3,959 Total Accounts Payable, Accrued Expenses and Other Liabilities 3,959 91,767 859,606 — 955,332  $ 3,959  $ 199,482  $ 859,606  $ —  $ 1,063,047 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 $621.7 million as of September 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 and sale or transfer restrictions applicable to certain Investments of Consolidated Blackstone Funds pledged as collateral. Restrictions will generally lapse over time or after a predetermined date and the weighted-average remaining duration of such restrictions is 2.5 years. Level III equity securities included in Investments of Consolidated Blackstone Funds are illiquid and privately negotiated in nature and may also be subject to contractual sale or transfer restrictions including those pursuant to their respective governing or similar agreements. Investments within Other Investments subject to restrictions on sale or transfer as a result of pledge arrangements are discussed in Note 17. “Commitments and Contingencies — Contingencies — Strategic Ventures.” The following table summarizes the quantitative inputs and assumptions used for items categorized in Level III of the fair value hierarchy as of September 30, 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  $ 3,118,501 Discounted Cash Flows Discount Rate 4.1% - 38.9% 10.4% Lower Exit Multiple - EBITDA 4.0x - 30.6x 15.5x Higher Exit Capitalization Rate 3.1% - 13.8% 5.1% Lower Debt Instruments 16,212 Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 3,134,713 Corporate Treasury Investments 5,495 Third Party Pricing n/a Loans and Receivables 192,271 Discounted Cash Flows Discount Rate 7.0% - 10.4% 9.2% Lower Other Investments (b) 202,267 Discounted Cash Flows Discount Rate 7.1% - 7.6% 7.3% Lower Third Party Pricing n/a  $ 3,534,746 Financial Liabilities Freestanding Derivatives (c)  $ 857,632 Option Pricing Model Volatility 6.1% n/a Higher Other Liabilities (d) 1,974 Third Party Pricing n/a Other n/a  $ 859,606 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 September 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 September 30, 2024 and December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments. For the nine months ended September 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 basis. Total realized and unrealized gains and losses recorded for Level III investments are reported in either Investment Income (Loss) or Net Gains from Fund Investment Activities in the Condensed Consolidated Statements of Operations. Level III Financial Assets at Fair Value Three Months Ended September 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  $ 2,881,553  $ 135,577  $ 183,677  $ 3,200,807  $ 4,439,851  $ 76,861  $ 73,612  $ 4,590,324 Transfer In Due to Consolidation and Acquisition 68,012 — — 68,012 — — — — Transfer Into Level III (b) 29,855 — — 29,855 12,858 — — 12,858 Transfer Out of Level III (b) (2,303 ) — — (2,303 ) (11,544 ) — (649 ) (12,193 ) Purchases 140,076 275,240 2,523 417,839 43,208 28,823 4,913 76,944 Sales (81,616 ) (200,850 ) (1,535 ) (284,001 ) (51,735 ) (23,312 ) (1,573 ) (76,620 ) Issuances — 10,883 — 10,883 — — — — Settlements (c) — (32,522 ) (10,074 ) (42,596 ) — (4,117 ) (3,389 ) (7,506 ) Changes in Gains (Losses) Included in Earnings 99,136 3,943 6,908 109,987 (183,730 ) 1,084 3,332 (179,314 ) Balance, End of Period  $ 3,134,713  $ 192,271  $ 181,499  $ 3,508,483  $ 4,248,908  $ 79,339  $ 76,246  $ 4,404,493 Changes in Unrealized Gains Earnings Related  $ 33,937  $ 57  $ 2,401  $ 36,395  $ (88,307 )  $ (52 )  $ (1,891 )  $ (90,250 ) Level III Financial Assets at Fair Value Nine Months Ended September 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 In Due to Consolidation and Acquisition 68,012 — — 68,012 — — — — Transfer Out Due to Deconsolidation (14,237 ) — — (14,237 ) (3,837 ) — — (3,837 ) Transfer Into Level III (b) 36,014 — 109,347 145,361 26,856 — 898 27,754 Transfer Out of Level III (b) (24,426 ) — (58 ) (24,484 ) (16,608 ) — (3,374 ) (19,982 ) Purchases 479,093 594,528 8,198 1,081,819 214,076 200,791 56,589 471,456 Sales (143,435 ) (430,408 ) (296,565 ) (870,408 ) (173,442 ) (459,825 ) (3,258 ) (636,525 ) Issuances — 27,963 — 27,963 — 57,008 — 57,008 Settlements (c) — (67,913 ) (19,929 ) (87,842 ) — (57,205 ) (8,086 ) (65,291 ) Changes in Gains (Losses) Included in Earnings 50,061 7,363 7,482 64,906 (47,969 ) 23,531 2,506 (21,932 ) Balance, End of Period  $ 3,134,713  $ 192,271  $ 181,499  $ 3,508,483  $ 4,248,908  $ 79,339  $ 76,246  $ 4,404,493 Changes in Unrealized Gains Earnings Related  $ 14,745  $ (1,283 )  $ 3,713  $ 17,175  $ (48,875 )  $ 2,391  $ 2,869  $ (43,615 ) Level III Financial Liabilities at Fair Value Three Months Ended September 30, 2024 2023 Freestanding Other Freestanding Other Derivatives Liabilities Total Derivatives Liabilities Total Balance, Beginning of Period  $ 751,513  $ 1,990  $ 753,503  $ 221,457  $ 4,571  $ 226,028 Changes in Losses (Gains) Included in Earnings 106,119 (16 ) 106,103 38,710 (2,213 ) 36,497 Balance, End of Period  $ 857,632  $ 1,974  $ 859,606  $ 260,167  $ 2,358  $ 262,525 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 106,119  $ (16 )  $ 106,103  $ 38,711  $ (2,213 )  $ 36,498 Level III Financial Liabilities at Fair Value Nine Months Ended September 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 293,646 323 293,969 211,586 (6,586 ) 205,000 Balance, End of Period  $ 857,632  $ 1,974  $ 859,606  $ 260,167  $ 2,358  $ 262,525 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 293,646  $ 323  $ 293,969  $ 211,586  $ (6,586 )  $ 205,000 (a) Represents freestanding derivatives, corporate treasury investments and Other Investments. (b) Transfers in and out of Level III financial assets and liabilities were due to changes in the observability of inputs used in the valuation of such assets and liabilities. (c) For Freestanding Derivatives included within Other Investments, Settlements includes all ongoing contractual cash payments made or received over the life of the instrument.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 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 VIEs and any clawback obligation relating to previously distributed Performance Allocations. Blackstone’s maximum exposure to loss relating to non-consolidated VIEs were as follows: September 30, December 31, 2024 2023 Investments  $ 4,662,323  $ 3,751,591 Due from Affiliates 262,652 203,187 Potential Clawback Obligation 82,122 72,119 Maximum Exposure to Loss  $  5,007,097  $  4,026,897 Amounts Due to Non-Consolidated VIEs  $ 70  $ 223

Repurchase Agreements

Repurchase Agreements	9 Months Ended
	Sep. 30, 2024
Repurchase Agreements	10. Repurchase Agreements As of September 30, 2024, Blackstone pledged securities with a carrying value of $100.3 million. As of December 31, 2023, Blackstone had no Repurchase Agreements and hence no The following table provides information regarding Blackstone’s Repurchase Agreements obligation by type of collateral pledged as of September 30, 2024. September 30, 2024 Remaining Contractual Maturity of the Agreements Overnight Greater and Up to 30 - 90 than Continuous 30 Days Days 90 days Total Repurchase Agreements Loans  $ —  $ 28,205  $ 72,113  $ —  $ 100,318 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities”  $ 100,318 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities”  $ —

Offsetting of Assets And Liabil

Offsetting of Assets And Liabilities	9 Months Ended
	Sep. 30, 2024
Offsetting of Assets and Liabilities	11. Offsetting of Assets and Liabilities The following tables present the offsetting of assets and liabilities as of September 30, 2024 and December 31, 2023: September 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  $ 155,756  $ 87,537  $ 48,305  $ 19,914 September 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  $ 91,767  $ 90,734  $ 50  $ 983 Repurchase Agreements 100,318 100,318 — —  $ 192,085  $ 191,052  $ 50  $ 983 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. 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: September 30, December 31, 2024 2023 Furniture, Equipment and Leasehold Improvements  $ 978,073   $ 937,355  Less: Accumulated Depreciation (461,216) (394,602) Furniture, Equipment and Leasehold Improvements, Net 516,857  542,753  Prepaid Expenses 247,909  207,886  Freestanding Derivatives 141,937  170,890  Other 27,287  23,319   $   933,990   $   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 September 30, 2024, the aggregate cash balance on deposit relating to the cash pooling arrangements was $903.1 million, which was offset and reported net of the accompanying overdraft of $903.1 million.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2024
Borrowings	12. Borrowings The following table presents each of Blackstone’s borrowings as of September 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. September 30, 2024 December 31, 2023 Carrying Fair Carrying Fair Description Value Value Value Value Blackstone Operating Borrowings Senior Notes (a) 2.000%, Due 5/19/2025  $ 339,384  $ 331,585  $ 336,005  $ 324,778 1.000%, Due 10/5/2026 670,693 643,714 664,085 620,864 3.150%, Due 10/2/2027 298,766 290,220 298,476 283,059 5.900%, Due 11/3/2027 596,225 627,510 595,411 625,158 1.625%, Due 8/5/2028 646,130 589,940 645,406 566,508 1.500%, Due 4/10/2029 673,001 629,323 666,655 601,272 2.500%, Due 1/10/2030 494,316 459,090 493,573 431,005 1.600%, Due 3/30/2031 496,794 415,375 496,447 391,955 2.000%, Due 1/30/2032 790,200 672,856 789,283 633,153 2.550%, Due 3/30/2032 496,026 435,125 495,670 410,755 6.200%, Due 4/22/2033 892,393 992,556 891,899 962,037 3.500%, Due 6/1/2034 526,835 566,883 521,549 536,319 6.250%, Due 8/15/2042 239,679 271,733 239,457 263,270 5.000%, Due 6/15/2044 490,188 489,335 489,975 464,560 4.450%, Due 7/15/2045 344,802 311,325 344,691 297,486 4.000%, Due 10/2/2047 291,316 248,808 291,149 233,685 3.500%, Due 9/10/2049 392,572 305,692 392,436 294,608 2.800%, Due 9/30/2050 394,214 262,916 394,103 252,008 2.850%, Due 8/5/2051 543,437 362,357 543,317 352,457 3.200%, Due 1/30/2052 987,611 717,090 987,401 696,740 10,604,582 9,623,433 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 10,644,531 9,663,382 10,616,937 9,281,626 Borrowings of Consolidated Blackstone Funds CLO Notes Payable (c) 107,715 107,715 687,122 687,122 107,715 107,715 687,122 687,122  $ 10,752,246  $ 9,771,097  $ 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 has an interest rate of 7.60% and the Secured Borrowing, Due 1/29/2035 has an interest rate of 7.60%. 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 September 30, 2024, the fair value of the assets securing both Secured Borrowings equaled $48.5 million. (c) CLO Notes Payable have maturity dates ranging from June 2025 to January 2037 and have an effective interest rate of 8.97% as of September 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. Scheduled principal payments for borrowings as of September 30, 2024 were as follows: Blackstone  Borrowings of  Operating  Borrowings  Consolidated Blackstone Funds Total  Borrowings  2024  $ —  $ —  $ — 2025 342,273 — 342,273 2026 674,148 — 674,148 2027 911,589 — 911,589 2028 664,090 — 664,090 Thereafter 8,174,850 118,796 8,293,646  $ 10,766,950  $ 118,796  $ 10,885,746

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Taxes	13. Income Taxes Blackstone’s net deferred tax assets relate primarily to basis differences resulting from a step-up in tax basis of certain assets at the time of its conversion to a corporation, as well as ongoing exchanges of units for common shares by founders and partners. As of September 30, 2024, Blackstone had no material valuation allowance recorded against deferred tax assets. Blackstone is subject to examination by the U.S. Internal Revenue Service and other taxing authorities where Blackstone has significant business operations such as the United Kingdom, and various state and local jurisdictions such as New York State and New York City. The tax years under examination vary by jurisdiction. Blackstone does not expect the completion of these audits to have a material impact on its financial condition, but it may be material to operating results for a particular period, depending on the operating results for that period. Blackstone believes the liability established for unrecognized tax benefits is adequate in relation to the potential for additional assessments. It is reasonably possible that changes in the balance of unrecognized tax benefits may occur within the next 12 months; however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and the impact on Blackstone’s effective tax rate over the next 12 months. As of September 30, 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	9 Months Ended
	Sep. 30, 2024
Earnings Per Share and Stockholders' Equity	14. Earnings Per Share and Stockholders’ Equity Earnings Per Share Basic and diluted net income per share of common stock for the three and nine months ended September 30, 2024 and 2023 was calculated as follows: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted  $ 780,835  $ 551,994  $ 2,072,635  $ 1,239,080 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 768,230,595 757,958,602 765,747,924 754,211,390 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 49,771 87,494 185,402 244,936 Weighted-Average Shares of Common Stock Outstanding, Diluted  768,280,366  758,046,096  765,933,326  754,456,326 Net Income Per Share of Common Stock Basic  $ 1.02  $ 0.73  $ 2.71  $ 1.64 Diluted  $ 1.02  $ 0.73  $ 2.71  $ 1.64 Dividends Declared Per Share of Common Stock (a)  $ 0.82  $ 0.79  $ 2.59  $ 2.52 (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 interests in Blackstone Holdings, inclusive of any tax impact. The hypothetical conversion may be dilutive to the extent there is activity at the Blackstone Inc. level that has not previously been attributed to the non-controlling interests or if there is a change in tax rate as a result of a hypothetical conversion. The following table summarizes the anti-dilutive securities for the three and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Weighted-Average Blackstone Holdings Partnership Units 454,290,705 460,160,593 456,139,859 461,549,778 Share Repurchase Program 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. During the three and nine months ended September 30, 2024, Blackstone repurchased 1.0 million and 3.7 million shares of common stock at a total cost of $140.8 million and $473.5 million, respectively. During the three and nine months ended September 30, 2023, Blackstone repurchased 1.3 million and 3.3 million shares of common stock at a total cost of $134.3 million and $310.4 million, respectively. As of September 30, 2024, the amount remaining available for repurchases under the program was $1.9 billion. Shares Eligible for Dividends and Distributions As of September 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 730,699,964 Unvested Participating Common Stock 37,195,280 Total Participating Common Stock 767,895,244 Participating Blackstone Holdings Partnership Units 453,685,697  1,221,580,941

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 30, 2024
Equity-Based Compensation	15. Equity-Based Compensation Blackstone has granted equity-based compensation awards to Blackstone’s senior managing directors, non-partner professionals, non-professionals and selected external advisers under Blackstone’s Amended and Restated 2007 Equity Incentive Plan (the “Equity Plan”). The Equity Plan allows for the granting of options, share appreciation rights or other share-based awards (shares, restricted shares, restricted shares of common stock, deferred restricted shares of common stock, phantom restricted shares of common stock or other share-based awards based in whole or in part on the fair value of shares of common stock or Blackstone Holdings Partnership Units) which may contain certain service or performance requirements. As of January 1, 2024, Blackstone had the ability to grant 173,443,452 shares under the Equity Plan. For the three and nine months ended September 30, 2024, Blackstone recorded compensation expense of $264.2 million and $885.9 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $65.0 million and $192.9 million, respectively. For the three and nine months ended September 30, 2023, Blackstone recorded compensation expense of $260.0 million and $797.8 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $49.1 million and $132.2 million, respectively. As of September 30, 2024, there was $2.3 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 1,221,548,610 as of September 30, 2024. Total outstanding phantom shares were 91,652 as of September 30, 2024. A summary of the status of Blackstone’s unvested equity-based awards as of September 30, 2024 and of changes during the period January 1, 2024 through September 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 — — 11,401,550 130.79 38,819 121.94 Vested (3,678,715 ) 40.02 (11,684,791 ) 79.22 (26,948 ) 135.49 Forfeited (35,431 ) 46.58 (1,704,058 ) 97.59 (20,863 ) 130.85 Balance, September 30, 2024 871,747  $ 34.16 34,469,345  $ 102.76 76,455  $ 138.24 Shares/Units Expected to Vest The following unvested shares and units, after expected forfeitures, as of September 30, 2024, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 835,081 0.9 Deferred Restricted Shares of Common Stock 30,656,880 3.0 Total Equity-Based Awards   31,491,961 2.9 Phantom Shares 64,184 2.9

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions	16. Related Party Transactions Affiliate Receivables and Payables Due from Affiliates and Due to Affiliates consisted of the following: September 30, December 31, 2024 2023 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated Entities and Portfolio Companies  $ 3,884,260  $ 3,638,948 Due from Certain Non-Controlling Interest Holders and Blackstone Employees 1,131,274 720,743 Accrual for Potential Clawback of Previously Distributed Performance Allocations 148,349 106,830  $ 5,163,883  $ 4,466,521 September 30, December 31, 2024 2023 Due to Affiliates Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements  $ 1,747,513  $ 1,681,516 Due to Non-Consolidated Entities 158,196 124,560 Due to Certain Non-Controlling Interest Holders and Blackstone Employees 274,326 305,816 Accrual for Potential Repayment of Previously Received Performance Allocations 440,495 281,518  $ 2,620,530  $ 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 September 30, 2024 and December 31, 2023, such investments aggregated $2.0 billion and $1.7 billion, respectively. Their share of the Net Income Attributable to Redeemable Non-Controlling and 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 interest holders that would need to be repaid to the Blackstone Funds if the carry funds were to be liquidated based on the fair value of their underlying investments as of September 30, 2024. See Note 17. “Commitments and Contingencies — Contingencies — Contingent Obligations (Clawback).” 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 basis. The purchase and subsequent exchanges are expected to result in increases in the tax basis of the tangible and intangible assets of Blackstone Holdings and therefore reduce the amount of tax that Blackstone would otherwise be required to pay in the future. 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 net present value of these estimated payments totals $523.9 million assuming a 15% discount rate and using Blackstone’s most recent projections relating to the estimated timing of the benefit to be received. Future payments under the tax receivable agreements in respect of subsequent exchanges would be in addition to these amounts. The payments under the tax receivable agreements are not conditioned upon continued ownership of Blackstone equity interests by the pre-IPO owners and the others mentioned above. 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 Interest Holders in the Supplemental Disclosure of Non-Cash Investing and Financing Activities in the Condensed Consolidated Statements of Cash Flows. Other Blackstone does business with and on behalf of some of its Portfolio Companies; all such arrangements are on a negotiated basis. Additionally, please see Note 17. “Commitments and Contingencies — Contingencies — Guarantees” for information regarding guarantees provided to a lending institution for certain loans held by employees.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies	17. Commitments and Contingencies Commitments Investment Commitments Blackstone had $5.4 billion of investment commitments as of September 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 f 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 $33.0 million as of September 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 September 30, 2024 was $88.2 million. Strategic Ventures In December 2022 and January 2023, Blackstone entered into long-term strategic ventures (“UC strategic ventures”) with the Regents of the University of California (“UC Investments”), an institutional investor that subscribed for $4.5 billion of Blackstone Real Estate Income Trust, Inc. (“BREIT”) Class I shares during the three months ended March 31, 2023. The UC strategic ventures provide a waterfall structure with UC Investments receiving an 11.25% target annualized net return on its $4.5 billion investment in BREIT shares and upside from its investment. This target return, while not guaranteed, is supported by a pledge by Blackstone of $1.1 billion of its holdings in BREIT as of the subscription dates, including any appreciation or dividends received by Blackstone in respect thereof. Pursuant to the UC strategic ventures, Blackstone is entitled to receive an incremental 5% cash payment from UC Investments on any returns received in excess of the target return. An asset or liability is recognized based on fair value with the maximum potential future obligation capped at the fair value of the assets pledged by Blackstone in connection with the above arrangements. As of September 30, 2024, the fair value of the assets pledged was $1.1 billion and the total liability recognized was $857.6 million. Litigation Blackstone may from time to time be involved in litigation and claims incidental to the conduct of its business. Blackstone’s businesses are also subject to extensive regulation, which may result in regulatory proceedings against Blackstone. Blackstone accrues a liability for legal proceedings only when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. Although there can be no assurance of the outcome of such legal actions, based on information known by management, Blackstone does not have 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 of BLP (collectively, the “Blackstone Defendants”). In July 2020, the Kentucky Supreme Court directed the Circuit Court to dismiss the action due to the plaintiffs’ lack of standing. 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. Around the time the AG moved to intervene, the AG separately filed an additional back-up complaint asserting substantially identical claims against largely the same defendants as the Mayberry Action (the “July 2020 Action”). The AG filed amended complaints in August 2023 and November 2023. Defendants moved to dismiss. In April 2024, while the motions to dismiss the AG’s second amended complaint were pending, the AG amended its complaint for the third time, adding a breach of contract claim against the Blackstone Defendants. Also in April 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”). In May 2024, the Court consolidated the July 2020 Action and the April 2024 Action, and denied the Blackstone Defendants’ motion to dismiss the AG’s second amended complaint in the July 2020 Action, along with most other defendants’ motions to dismiss. On June 17, 2024, the defendants moved to dismiss the AG’s third amended complaint in the now-consolidated actions. Briefing on the motions to dismiss is ongoing. 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, which the Court denied in May 2024. These defendants subsequently filed appeals in the Court of Appeals, including a cross-appeal filed by the Blackstone Defendants, which is currently pending. In July 2024, the Blackstone Defendants and the other fund manager defendants filed a petition for a writ of prohibition, which is also pending. In July 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 August 14, 2024, the Kentucky Supreme Court granted BLP’s motion for discretionary review. 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. The Court of Appeals affirmed that decision in May 2023. In February 2024, the Kentucky Supreme Court granted BLP’s motion for discretionary review. 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 nine months ended September 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: September 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  $ 274,378  $ 131,600  $ 405,978  $ 145,435  $ 90,337  $ 235,772 Private Equity 22,456 10,957 33,413 29,046 16,231 45,277 Credit & Insurance 478 626 1,104 207 262 469  $ 297,312  $ 143,183  $ 440,495  $ 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 16. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.” During the nine months ended September 30, 2024, the Blackstone general partners paid an interim cash clawback obligation of $1.0 million related to a Private Equity segment fund, of which $0.6 million was paid by Blackstone Holdings and $0.4 million by current and former Blackstone personnel. For Private Equity, Real Estate, and certain Credit & Insurance Funds, a portion of the Performance Allocations paid to current and former Blackstone personnel is held in segregated accounts in the event of a cash clawback obligation. These segregated accounts are not included in the Condensed Consolidated Financial Statements of Blackstone, except to the extent a portion of the assets held in the segregated accounts may be allocated to a consolidated Blackstone fund of hedge funds. At September 30, 2024, $1.1 billion was held in segregated accounts for the purpose of meeting any clawback obligations of current and former personnel if such payments are required. In the Credit & Insurance segment, payment of Performance Allocations to Blackstone by the majority of the stressed/distressed, mezzanine and credit alpha strategies funds are substantially deferred under the terms of the partnership agreements. This deferral mitigates the need to hold funds in segregated accounts in the event of a cash clawback obligation. If, at September 30, 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 $7.1 billion, on an after-tax

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2024
Segment Reporting	18. Segment Reporting Blackstone conducts its alternative asset management businesses through four segments: • Real Estate – Blackstone’s Real Estate segment primarily comprises its management of opportunistic real estate funds, Core+ real estate funds, 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 ownership interests in Blackstone’s consolidated operating partnerships, removes the amortization of intangible assets and removes Transaction-Related and Non-Recurring Items. 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 and losses on contingent consideration arrangements, changes in the balance of the tax receivable agreement resulting from a change in tax law or similar event, transaction costs, 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 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 September 30, 2024 and 2023: Three Months Ended September 30, 2024 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 672,260  $ 511,355  $ 407,947  $ 119,379  $ 1,710,941 Transaction, Advisory and Other Fees, Net 24,810 45,592 11,164 940 82,506 Management Fee Offsets (1,524 ) (4,127 ) (1,062 ) — (6,713 ) Total Management and Advisory Fees, Net 695,546 552,820 418,049 120,319 1,786,734 Fee Related Performance Revenues 72,428 5,868 185,805 — 264,101 Fee Related Compensation (166,567 ) (169,059 ) (181,586 ) (37,643 ) (554,855 ) Other Operating Expenses (100,739 ) (96,660 ) (97,756 ) (25,668 ) (320,823 ) Fee Related Earnings 500,668 292,969 324,512 57,008 1,175,157 Realized Performance Revenues 78,022 216,643 42,926 5,078 342,669 Realized Performance Compensation (44,761 ) (94,800 ) (16,489 ) (1,520 ) (157,570 ) Realized Principal Investment Income 6,421 9,028 24,239 715 40,403 Total Net Realizations 39,682 130,871 50,676 4,273 225,502 Total Segment Distributable Earnings  $ 540,350  $ 423,840  $ 375,188  $ 61,281  $ 1,400,659 Three Months Ended September 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 697,561  $ 481,224  $ 324,148  $ 116,810  $ 1,619,743 Transaction, Advisory and Other Fees, Net 10,686 22,604 10,357 964 44,611 Management Fee Offsets (7,616 ) (2,000 ) (898 ) — (10,514 ) Total Management and Advisory Fees, Net 700,631 501,828 333,607 117,774 1,653,840 Fee Related Performance Revenues 127,841 — 146,710 — 274,551 Fee Related Compensation (199,384 ) (152,491 ) (145,011 ) (43,037 ) (539,923 ) Other Operating Expenses (83,074 ) (81,738 ) (75,227 ) (24,406 ) (264,445 ) Fee Related Earnings 546,014 267,599 260,079 50,331 1,124,023 Realized Performance Revenues 17,419 299,271 14,349 6,901 337,940 Realized Performance Compensation (7,813 ) (114,211 ) (5,453 ) (6,518 ) (133,995 ) Realized Principal Investment Income 1,565 22,682 29,181 2,072 55,500 Total Net Realizations 11,171 207,742 38,077 2,455 259,445 Total Segment Distributable Earnings  $ 557,185  $ 475,341  $ 298,156  $ 52,786  $ 1,383,468 The following tables present the financial data for Blackstone’s four segments as of September 30, 2024 and for the nine months ended September 30, 2024 and 2023: September 30, 2024 and the Nine Months Then Ended Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 2,052,223  $ 1,454,183  $ 1,149,811  $ 351,020  $ 5,007,237 Transaction, Advisory and Other Fees, Net 129,140 118,721 31,200 2,919 281,980 Management Fee Offsets (7,921 ) (4,026 ) (2,947 ) (80 ) (14,974 ) Total Management and Advisory Fees, Net 2,173,442 1,568,878 1,178,064 353,859 5,274,243 Fee Related Performance Revenues 202,992 14,571 519,106 — 736,669 Fee Related Compensation (525,540 ) (489,686 ) (532,658 ) (113,961 ) (1,661,845 ) Other Operating Expenses (282,879 ) (274,131 ) (270,680 ) (75,233 ) (902,923 ) Fee Related Earnings 1,568,015 819,632 893,832 164,665 3,446,144 Realized Performance Revenues 181,461 1,048,314 149,293 42,883 1,421,951 Realized Performance Compensation (91,919 ) (495,042 ) (59,548 ) (15,142 ) (661,651 ) Realized Principal Investment Income (Loss) 15,667 37,182 31,311 (17,247 ) 66,913 Total Net Realizations 105,209 590,454 121,056 10,494 827,213 Total Segment Distributable Earnings  $ 1,673,224  $ 1,410,086  $ 1,014,888  $ 175,159  $ 4,273,357 Segment Assets  $ 13,197,587  $ 16,283,251  $ 8,120,026  $ 1,762,563  $ 39,363,427 Nine Months Ended September 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 2,112,925  $ 1,423,470  $ 967,467  $ 356,037  $ 4,859,899 Transaction, Advisory and Other Fees, Net 58,313 87,923 33,800 3,020 183,056 Management Fee Offsets (26,380 ) (4,104 ) (3,055 ) (3 ) (33,542 ) Total Management and Advisory Fees, Net 2,144,858 1,507,289 998,212 359,054 5,009,413 Fee Related Performance Revenues 279,888 — 409,645 — 689,533 Fee Related Compensation (536,000 ) (482,596 ) (471,245 ) (127,861 ) (1,617,702 ) Other Operating Expenses (229,204 ) (238,912 ) (229,235 ) (76,108 ) (773,459 ) Fee Related Earnings 1,659,542 785,781 707,377 155,085 3,307,785 Realized Performance Revenues 148,236 1,021,164 181,874 16,615 1,367,889 Realized Performance Compensation (80,571 ) (437,970 ) (79,516 ) (10,332 ) (608,389 ) Realized Principal Investment Income 3,719 68,558 15,753 3,700 91,730 Total Net Realizations 71,384 651,752 118,111 9,983 851,230 Total Segment Distributable Earnings  $ 1,730,926  $ 1,437,533  $ 825,488  $ 165,068  $ 4,159,015 Reconciliations of Total Segment Amounts The following tables reconcile the Total Segment Revenues, Expenses and Distributable Earnings to their equivalent GAAP measure for the three and nine months ended September 30, 2024 and 2023 along with Total Assets as of September 30, 2024: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues Total GAAP Revenues  $ 3,663,194  $ 2,541,285  $ 10,147,403  $ 6,737,821 Less: Unrealized Performance Revenues (a) (1,154,905 ) 63,209 (1,723,080 ) 708,146 Less: Unrealized Principal Investment (Income) Loss (b) 90,254 (84,780 ) (314,597 ) 233,638 Less: Interest and Dividend Revenue (c) (109,595 ) (113,904 ) (312,433 ) (362,245 ) Less: Other Revenue (d) 96,329 (63,748 ) 32,041 (17,850 ) Impact of Consolidation (e) (151,369 ) (20,389 ) (329,402 ) (139,784 ) Transaction-Related and Non-Recurring Items (f) (415 ) (420 ) (1,241 ) (3,093 ) Intersegment Eliminations 414 578 1,085 1,932 Total Segment Revenue (g)  $ 2,433,907  $ 2,321,831  $ 7,499,776  $ 7,158,565 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Expenses Total GAAP Expenses  $ 1,896,096  $ 1,374,905  $ 5,319,209  $ 4,039,560 Less: Unrealized Performance Allocations Compensation (h) (465,099 ) (11,866 ) (747,679 ) 247,228 Less: Equity-Based Compensation (i) (262,798 ) (255,616 ) (875,973 ) (773,505 ) Less: Interest Expense (j) (111,326 ) (110,014 ) (327,390 ) (321,353 ) Impact of Consolidation (e) (13,466 ) (43,172 ) (54,667 ) (140,725 ) Amortization of Intangibles (k) (7,333 ) (7,357 ) (21,999 ) (26,110 ) Transaction-Related and Non-Recurring Items (f) (21 ) (6,670 ) (58,006 ) (20,192 ) Administrative Fee Adjustment (l) (3,219 ) (2,425 ) (8,161 ) (7,285 ) Intersegment Eliminations 414 578 1,085 1,932 Total Segment Expenses (m)  $ 1,033,248  $ 938,363  $ 3,226,419  $ 2,999,550 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Other Income Total GAAP Other Income (Loss)  $ 42,842  $ (49,078 )  $ 70,009  $ 104,373 Impact of Consolidation (e) (42,842 ) 49,078 (70,009 ) (104,373 ) Total Segment Other Income  $ —  $ —  $ —  $ — Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes  $ 1,809,940  $ 1,117,302  $ 4,898,203  $ 2,802,634 Less: Unrealized Performance Revenues (a) (1,154,905 ) 63,209 (1,723,080 ) 708,146 Less: Unrealized Principal Investment (Income) Loss (b) 90,254 (84,780 ) (314,597 ) 233,638 Less: Interest and Dividend Revenue (c) (109,595 ) (113,904 ) (312,433 ) (362,245 ) Less: Other Revenue (d) 96,329 (63,748 ) 32,041 (17,850 ) Plus: Unrealized Performance Allocations Compensation (h) 465,099 11,866 747,679 (247,228 ) Plus: Equity-Based Compensation (i) 262,798 255,616 875,973 773,505 Plus: Interest Expense (j) 111,326 110,014 327,390 321,353 Impact of Consolidation (e) (180,745 ) 71,861 (344,744 ) (103,432 ) Amortization of Intangibles (k) 7,333 7,357 21,999 26,110 Transaction-Related and Non-Recurring Items (f) (394 ) 6,250 56,765 17,099 Administrative Fee Adjustment (l) 3,219 2,425 8,161 7,285 Total Segment Distributable Earnings  $ 1,400,659  $ 1,383,468  $ 4,273,357  $ 4,159,015 As of September 30, 2024 Total Assets Total GAAP Assets  $ 42,575,442 Impact of Consolidation (e) (3,212,015 ) Total Segment Assets  $ 39,363,427 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 Items. (a) This adjustment removes Unrealized Performance Revenues on a segment basis. (b) This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis. (c) This adjustment removes Interest and Dividend Revenue on a segment basis. (d) This adjustment removes Other Revenue on a segment basis. For the three months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(96.3) million and $63.8 million, and included $(96.7) million and $63.2 million of foreign exchange gains (losses), respectively. For the nine months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(31.9) million and $18.0 million, and included $(32.6) million and $16.4 million of foreign exchange gains (losses), respectively. (e) This adjustment reverses the effect of consolidating Blackstone Funds, which are excluded from Blackstone’s segment presentation. This adjustment includes the elimination of Blackstone’s interest in these funds, the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests. (f) 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 nine months ended September 30, 2024, this adjustment includes removal of an accrual for an estimated liability for a legal matter. (g) Total Segment Revenues is comprised of the following: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Total Segment Management and Advisory Fees, Net  $ 1,786,734  $ 1,653,840  $ 5,274,243  $ 5,009,413 Total Segment Fee Related Performance Revenues 264,101 274,551 736,669 689,533 Total Segment Realized Performance Revenues 342,669 337,940 1,421,951 1,367,889 Total Segment Realized Principal Investment Income 40,403 55,500 66,913 91,730 Total Segment Revenues  $ 2,433,907  $ 2,321,831  $ 7,499,776  $ 7,158,565 (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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Total Segment Fee Related Compensation  $ 554,855  $ 539,923  $ 1,661,845  $ 1,617,702 Total Segment Realized Performance Compensation 157,570   133,995   661,651   608,389   Total Segment Other Operating Expenses 320,823 264,445 902,923 773,459 Total Segment Expenses  $ 1,033,248  $ 938,363  $ 3,226,419  $ 2,999,550 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 nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Management and Advisory Fees, Net GAAP  $ 1,794,894  $ 1,655,443  $ 5,309,355  $ 5,023,128 Segment Adjustment (a) (8,160 ) (1,603 ) (35,112 ) (13,715 ) Total Segment  $ 1,786,734  $ 1,653,840  $ 5,274,243  $ 5,009,413 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees  $ 191,794  $ 158,801  $ 559,434  $ 454,754 Investment Income - Realized Performance Allocations 414,755 453,690 1,598,913 1,602,668 GAAP 606,549 612,491 2,158,347 2,057,422 Total Segment Less: Realized Performance Revenues (342,669 ) (337,940 ) (1,421,951 ) (1,367,889 ) Segment Adjustment (b) 221 — 273 — Total Segment  $ 264,101  $ 274,551  $ 736,669  $ 689,533 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation  $ 732,041  $ 700,268  $ 2,293,491  $ 2,153,570 Incentive Fee Compensation 73,464 65,432 224,310 192,940 Realized Performance Allocations Compensation 169,740 168,620 689,370 670,610 GAAP 975,245 934,320 3,207,171 3,017,120 Total Segment Less: Realized Performance Compensation (157,570 ) (133,995 ) (661,651 ) (608,389 ) Less: Equity-Based Compensation - Fee Related Compensation (259,265 ) (252,928 ) (864,205 ) (764,527 ) Less: Equity-Based Compensation - Performance Compensation (3,533 ) (2,688 ) (11,768 ) (8,978 ) Segment Adjustment (c) (22 ) (4,786 ) (7,702 ) (17,524 ) Total Segment  $ 554,855  $ 539,923  $ 1,661,845  $ 1,617,702 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP  $ 340,945  $ 279,186  $ 1,022,823  $ 827,614 Segment Adjustment (d) (20,122 ) (14,741 ) (119,900 ) (54,155 ) Total Segment  $ 320,823  $ 264,445  $ 902,923  $ 773,459 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Performance Revenues GAAP Incentive Fees  $ 191,794  $ 158,801  $ 559,434  $ 454,754 Investment Income - Realized Performance Allocations 414,755 453,690 1,598,913 1,602,668 GAAP 606,549 612,491 2,158,347 2,057,422 Total Segment Less: Fee Related Performance Revenues (264,101 ) (274,551 ) (736,669 ) (689,533 ) Segment Adjustment (b) 221 — 273 — Total Segment  $ 342,669  $ 337,940  $ 1,421,951  $ 1,367,889 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Performance Compensation GAAP Incentive Fee Compensation  $ 73,464  $ 65,432  $ 224,310  $ 192,940 Realized Performance Allocation Compensation 169,740 168,620 689,370 670,610 GAAP 243,204 234,052 913,680 863,550 Total Segment Less: Fee Related Performance Compensation (e) (82,101 ) (97,369 ) (240,261 ) (246,183 ) Less: Equity-Based Compensation - Performance Compensation (3,533 ) (2,688 ) (11,768 ) (8,978 ) Total Segment  $ 157,570  $ 133,995  $ 661,651  $ 608,389 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Principal Investment Income GAAP  $ 95,235  $ 94,313  $ 247,877  $ 257,206 Segment Adjustment (f) (54,832 ) (38,813 ) (180,964 ) (165,476 ) Total Segment  $ 40,403  $ 55,500  $ 66,913  $ 91,730 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 Items. (a) Represents (1) the add back of net management fees earned from consolidated Blackstone f (b) Represents the add back of Performance Revenues earned from consolidated Blackstone f (c) Represents the removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures. (d) 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 nine months ended September 30, 2024, this adjustment includes removal of an accrual for an estimated liability for a legal matter. (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 f

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events	19. Subsequent Events There have been no events since September 30, 2024 that require recognition or disclosure in the Condensed Consolidated Financial Statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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. The condensed consolidated financial statements, including these notes, are unaudited and exclude some of the disclosures required in audited financial statements. Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the condensed consolidated financial statements are presented fairly and that estimates made in preparing its condensed consolidated financial statements are reasonable. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in Blackstone’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission. 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 rights or participating rights that would overcome the control held by Blackstone. Accordingly, Blackstone consolidates Blackstone Holdings and records non-controlling interests to reflect the economic interests of the limited partners of Blackstone Holdings. In addition, Blackstone consolidates all variable interest entities (“VIE”) for which it is the primary beneficiary. An enterprise is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation guidance requires an analysis to determine (a) whether an entity in which Blackstone holds a variable interest is a VIE and (b) whether Blackstone’s involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests, would give it a controlling financial interest. Performance of that analysis requires the exercise of judgment. Blackstone determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a variable interest entity and continuously reconsiders that conclusion. In determining whether Blackstone is the primary beneficiary, Blackstone evaluates its control rights as well as economic interests in the entity held either directly or indirectly by Blackstone. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that Blackstone is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by Blackstone, affiliates of Blackstone or third parties) or amendments to the governing documents of the respective Blackstone Funds could affect an entity’s status as a VIE or the determination of the primary beneficiary. At each reporting date, Blackstone assesses whether it is the primary beneficiary and will consolidate or deconsolidate accordingly. Assets of consolidated VIEs that can only be used to settle obligations of the consolidated VIE and liabilities of a consolidated VIE for which creditors (or beneficial interest holders) do not have recourse to the general credit of Blackstone are presented in a separate section in the Condensed Consolidated Statements of Financial Condition. Blackstone’s other disclosures regarding VIEs are discussed in Note 9. “Variable Interest Entities.”
Revenue Recognition	Revenue Recognition Revenues primarily consist of management and advisory fees, incentive fees, investment income, interest and dividend revenue and other. Management and advisory fees and incentive fees are accounted for as contracts with customers. Under the guidance for contracts with customers, an entity is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. See Note 18. “Segment Reporting” for a disaggregated presentation of revenues from contracts with customers. Management and Advisory Fees, Net Blackstone earns base management fees from its customers at a fixed percentage of a calculation base which is typically assets under management, net asset value, gross asset value, total assets, committed capital or invested capital. Blackstone identifies its customers on a fund by fund basis in accordance with the terms and circumstances of the individual fund. Generally the customer is identified as the investors in its managed funds and investment vehicles, but for certain widely held funds or vehicles, the fund or vehicle itself may be identified as the customer. These customer contracts require Blackstone to provide investment management services, which represents a performance obligation that Blackstone satisfies over time. Management fees are a form of variable consideration because the fees Blackstone is entitled to vary based on fluctuations in the basis for the management fee. The amount recorded as revenue is generally determined at the end of the period because these management fees are payable on a regular basis (typically quarterly) and are not subject to clawback once paid. Transaction, advisory and other fees are principally fees charged to the investors of funds indirectly through the managed funds and portfolio companies. The investment advisory agreements generally require that the investment adviser reduce the amount of management fees payable by the investors to Blackstone (“management fee reductions”) by an amount equal to a portion of the transaction and other fees paid to Blackstone by the portfolio companies. The amount of the reduction varies by fund, the type of fee paid by the portfolio company and the previously incurred expenses of the fund. These fees and associated management fee reductions are a component of the transaction price for Blackstone’s performance obligation to provide investment management services to the investors of funds and are recognized as changes to the transaction price in the period in which they are charged and the services are performed. Management fee offsets are reductions to management fees payable by the investors of the Blackstone Funds, which are based on the amount such investors reimburse the Blackstone Funds or Blackstone primarily for placement fees. Providing investment management services requires Blackstone to arrange for services on behalf of its customers. In those situations where Blackstone is acting as an agent on behalf of the investors of funds, it presents the cost of services as net against management fee revenue. In all other situations, Blackstone is primarily responsible for fulfilling the services and is therefore acting as a principal for those arrangements. As a result, the cost of those services is presented as Compensation or General, Administrative and Other expense, as appropriate, with any reimbursement from the investors of the funds recorded as Management and Advisory Fees, Net. In cases where the investors of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract. Capitalized placement fees are amortized over the life of the customer contract, are recorded within Other Assets in the 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 share of the results of the fund vehicle (a “pro-rata allocation”). In addition to a pro-rata allocation, and assuming certain investment returns are achieved, Blackstone is entitled to a disproportionate allocation of the income otherwise allocable to the limited partners, commonly referred to as carried interest (“Performance Allocations”). 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 interest holders that would need to be repaid to the Blackstone carry funds if the Blackstone carry funds were to be liquidated based on the current fair value of the underlying funds’ investments as of the reporting date. The actual clawback liability, however, generally does not become realized until the end of a fund’s life except for certain funds, which may have an interim clawback liability. Performance Allocations in open-ended structures are realized based on the stated time period in the agreements and are generally not subject to clawback once paid. 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 allocations, its equity method investments, and other principal investments. Income (Loss) on Principal Investments is realized when Blackstone redeems all or a portion of its investment or when Blackstone receives cash income, such as dividends or distributions. Unrealized Income (Loss) on Principal Investments results from changes in the fair value of the underlying investment as well as the reversal of unrealized gain (loss) at the time an investment is realized. 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 derivatives where the fair value is based on observable inputs. Notes issued by consolidated CLO vehicles are classified within Level II of the fair value hierarchy. ● 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 grade residual interests in securitizations, investments in non-consolidated CLOs and certain over-the-counter derivatives where the fair value is based on unobservable inputs. 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 and liquidity risks. Investments for which market prices are not observable include private investments in the equity of operating companies, real estate properties, investments in non-consolidated CLO vehicles, certain funds of hedge funds and credit-focused investments. 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 assets held temporarily, less (b) the sum of the fair value of any beneficial interests retained by Blackstone (other than those that represent compensation for services) and Blackstone’s carrying value of any beneficial interests that represent compensation for services. As a result of this measurement alternative, there is no attribution of amounts to Non-Controlling Interests for consolidated CLO vehicles. Assets of the consolidated CLOs are presented within Investments within the 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, the institution of gates on redemptions or the suspension of redemptions or an ability to side pocket investments, at the discretion of the investee’s fund manager, and as a result, investments may not be redeemable at, or within three months of, the reporting date. A side-pocket is used by hedge funds and funds of hedge funds to separate investments that may lack a readily ascertainable value, are illiquid or are subject to liquidity restriction. Redemptions are generally not permitted until the investments within a side-pocket are liquidated or it is deemed that the conditions existing at the time that required the investment to be included in the side-pocket no longer exist. As the timing of either of these events is uncertain, the timing at which Blackstone may redeem an investment held in a side-pocket cannot be estimated. Further disclosure on instruments for which fair value is measured using NAV per share is presented in Note 5. “Net Asset Value as Fair Value.” 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 —
Non-Controlling Interests in Consolidated Entities	Non-Controlling Interests in Consolidated Entities Non-Controlling Interests in Consolidated Entities represent the component of Equity in general partner entities and consolidated Blackstone funds held by third party investors and employees. The percentage interests in consolidated Blackstone funds held by third parties and employees is adjusted for general partner allocations and by subscriptions and redemptions in funds of hedge funds and certain credit-focused funds which occur during the reporting period. Income (Loss) and other comprehensive income, if applicable, arising from the respective entities is allocated to non-controlling interests in consolidated entities based on the relative ownership interests of third party investors and employees after considering any contractual arrangements that govern the allocation of income (loss) such as fees allocable to Blackstone Inc.
Redeemable Non-Controlling Interests in Consolidated Entities	Redeemable Non-Controlling Interests in Consolidated Entities 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 Interests in Consolidated Entities within the Condensed Consolidated Statements of Financial Condition. When redeemable amounts become legally payable to investors, they are classified as a liability and included in Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition. For all consolidated vehicles in which redemption rights have not been granted, non-controlling interests are presented within Equity in the Condensed Consolidated Statements of Financial Condition as Non-Controlling Interests in Consolidated Entities.
Non-Controlling Interests in Blackstone Holdings	Non-Controlling Interests in Blackstone Holdings Non-Controlling Interests in Blackstone Holdings represent the component of Equity in the consolidated Blackstone Holdings Partnerships held by Blackstone personnel and others who are limited partners of the Blackstone Holdings Partnerships. 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 Interests in Blackstone Holdings. This residual attribution is based on the year to date average percentage of Blackstone Holdings Partnership Units and unvested participating Holdings Partnership Units held by Blackstone personnel and others who are limited partners of the Blackstone Holdings Partnerships. Unvested participating Holdings Partnership Units are excluded from the attribution in periods of loss as they are not contractually obligated to share in losses of the Holdings Partnerships.
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” method to the Blackstone Holdings Partnership Units to determine the dilutive impact, if any, of the exchange right included in the Blackstone Holdings Partnership Units. Blackstone applies the contingently issuable share model to contracts that may require the issuance of shares.
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. government and agency securities, asset backed securities and corporate debt, represent collateralized financing transactions. Such transactions are recorded within Accounts Payable, Accrued Expenses and Other Liabilities in the Condensed Consolidated Statements of Financial Condition at their contractual amounts and include accrued interest. The carrying value of reverse repurchase and repurchase agreements approximates fair value. Blackstone manages credit exposure arising from reverse repurchase agreements and repurchase agreements by, in appropriate circumstances, entering into master netting agreements and collateral arrangements with counterparties that provide Blackstone, in the event of a counterparty default, the right to liquidate collateral and the right to offset a counterparty’s rights and obligations. Blackstone takes possession of securities purchased under reverse repurchase agreements and is permitted to repledge, deliver or otherwise use such securities. Blackstone also pledges its financial instruments to counterparties to collateralize repurchase agreements. Financial instruments pledged that can be repledged, delivered or otherwise used by the counterparty are recorded in Investments in the Condensed Consolidated Statements of Financial Condition. Additional disclosures relating to repurchase agreements are included in Note 10. “Repurchase Agreements.” Blackstone does not offset assets and liabilities relating to reverse repurchase agreements and repurchase agreements in its Condensed Consolidated Statements of Financial Condition. Additional disclosures relating to offsetting are discussed in Note 11. “Offsetting of Assets and Liabilities.”
Securities Sold, Not Yet Purchased	Securities Sold, Not Yet Purchased Securities Sold, Not Yet Purchased consist of equity and debt securities that Blackstone has borrowed and sold. Blackstone is required to “cover” its short sale in the future by purchasing the security at prevailing market prices and delivering it to the counterparty from which it borrowed the security. Blackstone is exposed to loss in the event that the price at which a security may have to be purchased to cover a short sale exceeds the price at which the borrowed security was sold short. Securities Sold, Not Yet Purchased are recorded at fair value 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 11. “Offsetting of Assets and Liabilities.”
Affiliates	Affiliates Blackstone considers its Founder, senior managing directors, employees, the Blackstone Funds and the Portfolio Companies to be affiliates.
Dividends	Dividends Dividends are reflected in the condensed consolidated financial statements when declared.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Intangible Assets, Net	Intangible Assets, Net consists of the following: September 30, December 31, 2024 2023 Finite-Lived Intangible Assets/Contractual Rights  $ 1,769,372  $ 1,769,372 Accumulated Amortization (1,595,107 ) (1,568,164 ) Intangible Assets, Net  $ 174,265  $ 201,208

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments	Investments consist of the following: September 30, December 31, 2024 2023 Investments of Consolidated Blackstone Funds  $ 3,873,027  $ 4,319,483 Equity Method Investments Partnership Investments 6,295,704 5,924,275 Accrued Performance Allocations 12,411,485   10,775,355   Corporate Treasury Investments 147,642 803,870 Other Investments 5,594,857 4,323,639  $ 28,322,715  $ 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ 10,721  $ (2,624 )  $ (29,725)  $ 18,184 Net Change in Unrealized Gains (Losses) 28,698 (19,145 ) 84,216  21,805 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds 39,419 (21,769 ) 54,491  39,989 Interest and Dividend Revenue and Foreign Exchange Gains (Losses) Attributable to Consolidated Blackstone Funds 3,423 (27,309 ) 15,518  62,497 Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities  $ 42,842  $ (49,078 )  $ 70,009   $ 102,486
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 170,069 2,732,551 399,619 150,739 3,452,978 Foreign Exchange Gain 1,764 — — — 1,764 Fund Distributions (432,118 ) (1,109,686 ) (180,658 ) (96,150 ) (1,818,612 ) Accrued Performance Allocations, September 30, 2024  $ 2,730,317  $ 8,716,785  $ 818,740  $ 145,643  $ 12,411,485
Realized and Net Change in Unrealized Gains (Losses) on Investments	The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Losses  $ (11 )  $  (2,283 )  $ (2,660 )  $ (2,206 ) Net Change in Unrealized Gains (Losses) 6,935 (7,425 ) 9,711 1,161  $ 6,924  $ (9,708 )  $ 7,051  $ (1,045 )
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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Gains (Losses)  $ (3,702 )  $ 2,305  $ 1,114  $ (13,880 ) Net Change in Unrealized Gains (Losses) (21,118 ) 149,851 426,250 (5,334 )  $ (24,820 )  $ 152,156  $ 427,364  $ (19,214 )

Net Asset Value as Fair Value (

Net Asset Value as Fair Value (Tables)	9 Months Ended
	Sep. 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 September 30, 2024 is presented below: Redemption Frequency Redemption Strategy (a) Fair Value  (if currently eligible)  Notice Period Equity  $ 413,313 (b) (b) Real Estate 83,505 (c) (c) Other 6,952 (d) (d)  $    503,770 (a) As of September 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 69% 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 31% 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)	9 Months Ended
	Sep. 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. September 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  $ 623,740  $ 124,009  $ 601,000  $ 72,600  $ 634,840  $ 145,798  $ 607,000  $ 86,589 Foreign Currency Contracts 445,761 12,292 181,298 2,092 387,102 11,442 334,228 3,538 Credit Default Swaps — — 640 9 3,108 479 3,748 508 Total Return Swaps 30,062 5,636 — — 63,158 13,171 — — Equity Options — — 1,139,349 857,632 — — 1,110,490 563,986 1,099,563 141,937 1,922,287 932,333 1,088,208 170,890 2,055,466 654,621 Investments of Consolidated Blackstone Funds Interest Rate Contracts 982,952 13,819 843,764 17,066 855,683 19,189 — — 982,952 13,819 843,764 17,066 855,683 19,189 — —  $  2,082,515  $  155,756  $  2,766,051  $  949,399  $  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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts  $ —  $ 2,213  $ (614 )  $ 2,360 Foreign Currency Contracts 3,078 (3,072 ) 6,380 6,951 Credit Default Swaps — — 75 (413 ) Total Return Swaps 6,455 3,436 19,325 14,461 9,533 2,577 25,166 23,359 Net Change in Unrealized Gains (Losses) Interest Rate Contracts (23,272 ) (3,148 ) (1,176 ) (371 ) Foreign Currency Contracts 8,028 (3,375 ) 2,413 (11,213 ) Credit Default Swaps (2 ) 2 (54 ) 366 Total Return Swaps (3,592 ) 884 (6,930 ) (1,293 ) Equity Options (106,119 ) (38,710 ) (293,646 ) (211,586 ) (124,957 ) (44,347 ) (299,393 ) (224,097 )  $ (115,424 )  $ (41,770 )  $ (274,227 )  $ (200,738 )

Fair Value Option (Tables)

Fair Value Option (Tables)	9 Months Ended
	Sep. 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: September 30, December 31, 2024 2023 Assets Loans and Receivables  $ 192,271  $ 60,738 Equity and Preferred Securities 3,372,042 2,894,302 Debt Securities 63,735 63,486 Assets of Consolidated CLO Vehicles Corporate Loans 90,875 938,801  $   3,718,923  $   3,957,327 Liabilities CLO Notes Payable  $ 107,715  $ 687,122 Corporate Treasury Commitments 1,470 1,264  $ 109,185  $ 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 September 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  $ (625 )  $ 406  $ (520 )  $ 406 Equity and Preferred Securities 884 (21,743 ) 406 11,538 Debt Securities — 87 — (904 ) Assets of Consolidated CLO Vehicles Corporate Loans (438 ) 1,065 47 703  $ (179 )  $ (20,185 )  $ (67 )  $ 11,743 Liabilities CLO Notes Payable  $ —  $ (391 )  $ —  $ (907 ) Corporate Treasury Commitments — 16 — 2,213  $ —  $ (375 )  $ —  $ 1,306 Nine Months Ended September 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  $ (3,647 )  $ 218  $ (6,515 )  $ 4,330 Equity and Preferred Securities 6,072 (23,094 ) (776 ) (6,763 ) Debt Securities — (2,034 ) — (3,611 ) Assets of Consolidated CLO Vehicles Corporate Loans (3,042 ) 2,520 (6,152 ) 5,335  $ (617 )  $ (22,390 )  $ (13,443 )  $ (709 ) Liabilities CLO Notes Payable  $ —  $ 1,384  $ —  $ 16 Corporate Treasury Commitments — (206 ) — 6,586  $ —  $ 1,178  $ —  $ 6,602
Information for Financial Instruments on Which Fair Value Option was Elected	The following table presents information for those financial instruments for which the fair value option was elected: September 30, 2024 December 31, 2023 For Financial Assets For Financial Assets Past Due (a) Past Due (a) Excess Excess Excess Excess of Fair Value Fair of Fair Value of Fair Value Fair of Fair Value Over Principal   Value   Over Principal Over Principal   Value   Over Principal Loans and Receivables  $ 2,099  $ —  $ —  $ 675  $ —  $ — Debt Securities (55,104 ) — — (52,577 ) — — Assets of Consolidated CLO Vehicles Corporate Loans (2,990 ) 1,313 — (8,751 ) 1,345 —  $ (55,995 )  $ 1,313  $ —  $ (60,653 )  $ 1,345  $ —

Fair Value Measurements of Fi_2

Fair Value Measurements of Financial Instruments (Tables)	9 Months Ended
	Sep. 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: September 30, 2024 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents  $ 59,326  $ —  $ —  $ —  $ 59,326 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 9,099 128,405 3,118,501 496,818 3,752,823 Debt Instruments — 90,173 16,212 — 106,385 Freestanding Derivatives — 13,819 — — 13,819 Total Investments of Consolidated Blackstone Funds 9,099 232,397 3,134,713 496,818 3,873,027 Corporate Treasury Investments 74,030 68,117 5,495 — 147,642 Other Investments 2,029,109 3,009,294 196,631 6,952 5,241,986 Total Investments 2,112,238 3,309,808 3,336,839 503,770 9,262,655 Accounts Receivable - Loans and Receivables — — 192,271 — 192,271 Other Assets - Freestanding Derivatives — 136,301 5,636 — 141,937  $ 2,171,564  $ 3,446,109  $ 3,534,746  $ 503,770  $ 9,656,189 Liabilities Loans Payable - CLO Notes Payable  $ —  $ 107,715  $ —  $ —  $ 107,715 Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds - Freestanding Derivatives — 17,066 — — 17,066 Freestanding Derivatives — 74,701 857,632 — 932,333 Contingent Consideration — — 504 — 504 Corporate Treasury Commitments — — 1,470 — 1,470 Securities Sold, Not Yet Purchased 3,959 — — — 3,959 Total Accounts Payable, Accrued Expenses and Other Liabilities 3,959 91,767 859,606 — 955,332  $ 3,959  $ 199,482  $ 859,606  $ —  $ 1,063,047 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 September 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  $ 3,118,501 Discounted Cash Flows Discount Rate 4.1% - 38.9% 10.4% Lower Exit Multiple - EBITDA 4.0x - 30.6x 15.5x Higher Exit Capitalization Rate 3.1% - 13.8% 5.1% Lower Debt Instruments 16,212 Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 3,134,713 Corporate Treasury Investments 5,495 Third Party Pricing n/a Loans and Receivables 192,271 Discounted Cash Flows Discount Rate 7.0% - 10.4% 9.2% Lower Other Investments (b) 202,267 Discounted Cash Flows Discount Rate 7.1% - 7.6% 7.3% Lower Third Party Pricing n/a  $ 3,534,746 Financial Liabilities Freestanding Derivatives (c)  $ 857,632 Option Pricing Model Volatility 6.1% n/a Higher Other Liabilities (d) 1,974 Third Party Pricing n/a Other n/a  $ 859,606 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 September 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 September 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 basis. Total realized and unrealized gains and losses recorded for Level III investments are reported in either Investment Income (Loss) or Net Gains from Fund Investment Activities in the Condensed Consolidated Statements of Operations. Level III Financial Assets at Fair Value Three Months Ended September 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  $ 2,881,553  $ 135,577  $ 183,677  $ 3,200,807  $ 4,439,851  $ 76,861  $ 73,612  $ 4,590,324 Transfer In Due to Consolidation and Acquisition 68,012 — — 68,012 — — — — Transfer Into Level III (b) 29,855 — — 29,855 12,858 — — 12,858 Transfer Out of Level III (b) (2,303 ) — — (2,303 ) (11,544 ) — (649 ) (12,193 ) Purchases 140,076 275,240 2,523 417,839 43,208 28,823 4,913 76,944 Sales (81,616 ) (200,850 ) (1,535 ) (284,001 ) (51,735 ) (23,312 ) (1,573 ) (76,620 ) Issuances — 10,883 — 10,883 — — — — Settlements (c) — (32,522 ) (10,074 ) (42,596 ) — (4,117 ) (3,389 ) (7,506 ) Changes in Gains (Losses) Included in Earnings 99,136 3,943 6,908 109,987 (183,730 ) 1,084 3,332 (179,314 ) Balance, End of Period  $ 3,134,713  $ 192,271  $ 181,499  $ 3,508,483  $ 4,248,908  $ 79,339  $ 76,246  $ 4,404,493 Changes in Unrealized Gains Earnings Related  $ 33,937  $ 57  $ 2,401  $ 36,395  $ (88,307 )  $ (52 )  $ (1,891 )  $ (90,250 ) Level III Financial Assets at Fair Value Nine Months Ended September 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 In Due to Consolidation and Acquisition 68,012 — — 68,012 — — — — Transfer Out Due to Deconsolidation (14,237 ) — — (14,237 ) (3,837 ) — — (3,837 ) Transfer Into Level III (b) 36,014 — 109,347 145,361 26,856 — 898 27,754 Transfer Out of Level III (b) (24,426 ) — (58 ) (24,484 ) (16,608 ) — (3,374 ) (19,982 ) Purchases 479,093 594,528 8,198 1,081,819 214,076 200,791 56,589 471,456 Sales (143,435 ) (430,408 ) (296,565 ) (870,408 ) (173,442 ) (459,825 ) (3,258 ) (636,525 ) Issuances — 27,963 — 27,963 — 57,008 — 57,008 Settlements (c) — (67,913 ) (19,929 ) (87,842 ) — (57,205 ) (8,086 ) (65,291 ) Changes in Gains (Losses) Included in Earnings 50,061 7,363 7,482 64,906 (47,969 ) 23,531 2,506 (21,932 ) Balance, End of Period  $ 3,134,713  $ 192,271  $ 181,499  $ 3,508,483  $ 4,248,908  $ 79,339  $ 76,246  $ 4,404,493 Changes in Unrealized Gains Earnings Related  $ 14,745  $ (1,283 )  $ 3,713  $ 17,175  $ (48,875 )  $ 2,391  $ 2,869  $ (43,615 ) Level III Financial Liabilities at Fair Value Three Months Ended September 30, 2024 2023 Freestanding Other Freestanding Other Derivatives Liabilities Total Derivatives Liabilities Total Balance, Beginning of Period  $ 751,513  $ 1,990  $ 753,503  $ 221,457  $ 4,571  $ 226,028 Changes in Losses (Gains) Included in Earnings 106,119 (16 ) 106,103 38,710 (2,213 ) 36,497 Balance, End of Period  $ 857,632  $ 1,974  $ 859,606  $ 260,167  $ 2,358  $ 262,525 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 106,119  $ (16 )  $ 106,103  $ 38,711  $ (2,213 )  $ 36,498 Level III Financial Liabilities at Fair Value Nine Months Ended September 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 293,646 323 293,969 211,586 (6,586 ) 205,000 Balance, End of Period  $ 857,632  $ 1,974  $ 859,606  $ 260,167  $ 2,358  $ 262,525 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date  $ 293,646  $ 323  $ 293,969  $ 211,586  $ (6,586 )  $ 205,000 (a) Represents freestanding derivatives, corporate treasury investments and Other Investments. (b) Transfers in and out of Level III financial assets and liabilities were due to changes in the observability of inputs used in the valuation of such assets and liabilities. (c) For Freestanding Derivatives included within Other Investments, Settlements includes all ongoing contractual cash payments made or received over the life of the instrument.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2024
Maximum Exposure to Loss Relating to Non-Consolidated VIEs	Blackstone’s maximum exposure to loss relating to non-consolidated VIEs were as follows: September 30, December 31, 2024 2023 Investments  $ 4,662,323  $ 3,751,591 Due from Affiliates 262,652 203,187 Potential Clawback Obligation 82,122 72,119 Maximum Exposure to Loss  $  5,007,097  $  4,026,897 Amounts Due to Non-Consolidated VIEs  $ 70  $ 223

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	9 Months Ended
	Sep. 30, 2024
Schedule of Repurchase Agreements Obligation by Type of Collateral Pledged	The following table provides information regarding Blackstone’s Repurchase Agreements obligation by type of collateral pledged as of September 30, 2024. September 30, 2024 Remaining Contractual Maturity of the Agreements Overnight Greater and Up to 30 - 90 than Continuous 30 Days Days 90 days Total Repurchase Agreements Loans  $ —  $ 28,205  $ 72,113  $ —  $ 100,318 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 11. “Offsetting of Assets and Liabilities”  $ 100,318 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 11. “Offsetting of Assets and Liabilities”  $ —

Offsetting of Assets And Liab_2

Offsetting of Assets And Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Offsetting of Assets	The following tables present the offsetting of assets and liabilities as of September 30, 2024 and December 31, 2023: September 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  $ 155,756  $ 87,537  $ 48,305  $ 19,914 September 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  $ 91,767  $ 90,734  $ 50  $ 983 Repurchase Agreements 100,318 100,318 — —  $ 192,085  $ 191,052  $ 50  $ 983
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: September 30, December 31, 2024 2023 Furniture, Equipment and Leasehold Improvements  $ 978,073   $ 937,355  Less: Accumulated Depreciation (461,216) (394,602) Furniture, Equipment and Leasehold Improvements, Net 516,857  542,753  Prepaid Expenses 247,909  207,886  Freestanding Derivatives 141,937  170,890  Other 27,287  23,319   $   933,990   $   944,848

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2024
Carrying Value and Fair Value of Blackstone Issued Notes	The following table presents each of Blackstone’s borrowings as of September 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. September 30, 2024 December 31, 2023 Carrying Fair Carrying Fair Description Value Value Value Value Blackstone Operating Borrowings Senior Notes (a) 2.000%, Due 5/19/2025  $ 339,384  $ 331,585  $ 336,005  $ 324,778 1.000%, Due 10/5/2026 670,693 643,714 664,085 620,864 3.150%, Due 10/2/2027 298,766 290,220 298,476 283,059 5.900%, Due 11/3/2027 596,225 627,510 595,411 625,158 1.625%, Due 8/5/2028 646,130 589,940 645,406 566,508 1.500%, Due 4/10/2029 673,001 629,323 666,655 601,272 2.500%, Due 1/10/2030 494,316 459,090 493,573 431,005 1.600%, Due 3/30/2031 496,794 415,375 496,447 391,955 2.000%, Due 1/30/2032 790,200 672,856 789,283 633,153 2.550%, Due 3/30/2032 496,026 435,125 495,670 410,755 6.200%, Due 4/22/2033 892,393 992,556 891,899 962,037 3.500%, Due 6/1/2034 526,835 566,883 521,549 536,319 6.250%, Due 8/15/2042 239,679 271,733 239,457 263,270 5.000%, Due 6/15/2044 490,188 489,335 489,975 464,560 4.450%, Due 7/15/2045 344,802 311,325 344,691 297,486 4.000%, Due 10/2/2047 291,316 248,808 291,149 233,685 3.500%, Due 9/10/2049 392,572 305,692 392,436 294,608 2.800%, Due 9/30/2050 394,214 262,916 394,103 252,008 2.850%, Due 8/5/2051 543,437 362,357 543,317 352,457 3.200%, Due 1/30/2052 987,611 717,090 987,401 696,740 10,604,582 9,623,433 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 10,644,531 9,663,382 10,616,937 9,281,626 Borrowings of Consolidated Blackstone Funds CLO Notes Payable (c) 107,715 107,715 687,122 687,122 107,715 107,715 687,122 687,122  $ 10,752,246  $ 9,771,097  $ 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 has an interest rate of 7.60% and the Secured Borrowing, Due 1/29/2035 has an interest rate of 7.60%. 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 September 30, 2024, the fair value of the assets securing both Secured Borrowings equaled $48.5 million. (c) CLO Notes Payable have maturity dates ranging from June 2025 to January 2037 and have an effective interest rate of 8.97% as of September 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.
Scheduled Principal Payments for Borrowings	Scheduled principal payments for borrowings as of September 30, 2024 were as follows: Blackstone  Borrowings of  Operating  Borrowings  Consolidated Blackstone Funds Total  Borrowings  2024  $ —  $ —  $ — 2025 342,273 — 342,273 2026 674,148 — 674,148 2027 911,589 — 911,589 2028 664,090 — 664,090 Thereafter 8,174,850 118,796 8,293,646  $ 10,766,950  $ 118,796  $ 10,885,746

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Schedule of Major Filing Jurisdictions and Open Period Subject to Examinations	As of September 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)	9 Months Ended
	Sep. 30, 2024
Basic and Diluted Net Income Per Common Stock	Basic and diluted net income per share of common stock for the three and nine months ended September 30, 2024 and 2023 was calculated as follows: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted  $ 780,835  $ 551,994  $ 2,072,635  $ 1,239,080 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 768,230,595 757,958,602 765,747,924 754,211,390 Weighted-Average Shares of Unvested Deferred Restricted Common Stock 49,771 87,494 185,402 244,936 Weighted-Average Shares of Common Stock Outstanding, Diluted  768,280,366  758,046,096  765,933,326  754,456,326 Net Income Per Share of Common Stock Basic  $ 1.02  $ 0.73  $ 2.71  $ 1.64 Diluted  $ 1.02  $ 0.73  $ 2.71  $ 1.64 Dividends Declared Per Share of Common Stock (a)  $ 0.82  $ 0.79  $ 2.59  $ 2.52 (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 interests in Blackstone Holdings, inclusive of any tax impact. The hypothetical conversion may be dilutive to the extent there is activity at the Blackstone Inc. level that has not previously been attributed to the non-controlling interests or if there is a change in tax rate as a result of a hypothetical conversion.
Summary of Anti-Dilutive Securities	The following table summarizes the anti-dilutive securities for the three and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Weighted-Average Blackstone Holdings Partnership Units 454,290,705 460,160,593 456,139,859 461,549,778
Schedule of Shares Eligible For Dividends and Distribution	As of September 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 730,699,964 Unvested Participating Common Stock 37,195,280 Total Participating Common Stock 767,895,244 Participating Blackstone Holdings Partnership Units 453,685,697  1,221,580,941

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Sep. 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 September 30, 2024 and of changes during the period January 1, 2024 through September 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 — — 11,401,550 130.79 38,819 121.94 Vested (3,678,715 ) 40.02 (11,684,791 ) 79.22 (26,948 ) 135.49 Forfeited (35,431 ) 46.58 (1,704,058 ) 97.59 (20,863 ) 130.85 Balance, September 30, 2024 871,747  $ 34.16 34,469,345  $ 102.76 76,455  $ 138.24
Unvested Shares and Units, After Expected Forfeitures	The following unvested shares and units, after expected forfeitures, as of September 30, 2024, are expected to vest: Weighted- Average Service Period Shares/Units in Years Blackstone Holdings Partnership Units 835,081 0.9 Deferred Restricted Shares of Common Stock 30,656,880 3.0 Total Equity-Based Awards   31,491,961 2.9 Phantom Shares 64,184 2.9

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2024
Due from Affiliates and Due to Affiliates	Due from Affiliates and Due to Affiliates consisted of the following: September 30, December 31, 2024 2023 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated Entities and Portfolio Companies  $ 3,884,260  $ 3,638,948 Due from Certain Non-Controlling Interest Holders and Blackstone Employees 1,131,274 720,743 Accrual for Potential Clawback of Previously Distributed Performance Allocations 148,349 106,830  $ 5,163,883  $ 4,466,521 September 30, December 31, 2024 2023 Due to Affiliates Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements  $ 1,747,513  $ 1,681,516 Due to Non-Consolidated Entities 158,196 124,560 Due to Certain Non-Controlling Interest Holders and Blackstone Employees 274,326 305,816 Accrual for Potential Repayment of Previously Received Performance Allocations 440,495 281,518  $ 2,620,530  $ 2,393,410

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2024
Clawback Obligations by Segment	The following table presents the clawback obligations by segment: September 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  $ 274,378  $ 131,600  $ 405,978  $ 145,435  $ 90,337  $ 235,772 Private Equity 22,456 10,957 33,413 29,046 16,231 45,277 Credit & Insurance 478 626 1,104 207 262 469  $ 297,312  $ 143,183  $ 440,495  $ 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 16. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.”

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Financial Data of Segments	The following tables present the financial data for Blackstone’s four segments for the three months ended September 30, 2024 and 2023: Three Months Ended September 30, 2024 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 672,260  $ 511,355  $ 407,947  $ 119,379  $ 1,710,941 Transaction, Advisory and Other Fees, Net 24,810 45,592 11,164 940 82,506 Management Fee Offsets (1,524 ) (4,127 ) (1,062 ) — (6,713 ) Total Management and Advisory Fees, Net 695,546 552,820 418,049 120,319 1,786,734 Fee Related Performance Revenues 72,428 5,868 185,805 — 264,101 Fee Related Compensation (166,567 ) (169,059 ) (181,586 ) (37,643 ) (554,855 ) Other Operating Expenses (100,739 ) (96,660 ) (97,756 ) (25,668 ) (320,823 ) Fee Related Earnings 500,668 292,969 324,512 57,008 1,175,157 Realized Performance Revenues 78,022 216,643 42,926 5,078 342,669 Realized Performance Compensation (44,761 ) (94,800 ) (16,489 ) (1,520 ) (157,570 ) Realized Principal Investment Income 6,421 9,028 24,239 715 40,403 Total Net Realizations 39,682 130,871 50,676 4,273 225,502 Total Segment Distributable Earnings  $ 540,350  $ 423,840  $ 375,188  $ 61,281  $ 1,400,659 Three Months Ended September 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 697,561  $ 481,224  $ 324,148  $ 116,810  $ 1,619,743 Transaction, Advisory and Other Fees, Net 10,686 22,604 10,357 964 44,611 Management Fee Offsets (7,616 ) (2,000 ) (898 ) — (10,514 ) Total Management and Advisory Fees, Net 700,631 501,828 333,607 117,774 1,653,840 Fee Related Performance Revenues 127,841 — 146,710 — 274,551 Fee Related Compensation (199,384 ) (152,491 ) (145,011 ) (43,037 ) (539,923 ) Other Operating Expenses (83,074 ) (81,738 ) (75,227 ) (24,406 ) (264,445 ) Fee Related Earnings 546,014 267,599 260,079 50,331 1,124,023 Realized Performance Revenues 17,419 299,271 14,349 6,901 337,940 Realized Performance Compensation (7,813 ) (114,211 ) (5,453 ) (6,518 ) (133,995 ) Realized Principal Investment Income 1,565 22,682 29,181 2,072 55,500 Total Net Realizations 11,171 207,742 38,077 2,455 259,445 Total Segment Distributable Earnings  $ 557,185  $ 475,341  $ 298,156  $ 52,786  $ 1,383,468 The following tables present the financial data for Blackstone’s four segments as of September 30, 2024 and for the nine months ended September 30, 2024 and 2023: September 30, 2024 and the Nine Months Then Ended Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 2,052,223  $ 1,454,183  $ 1,149,811  $ 351,020  $ 5,007,237 Transaction, Advisory and Other Fees, Net 129,140 118,721 31,200 2,919 281,980 Management Fee Offsets (7,921 ) (4,026 ) (2,947 ) (80 ) (14,974 ) Total Management and Advisory Fees, Net 2,173,442 1,568,878 1,178,064 353,859 5,274,243 Fee Related Performance Revenues 202,992 14,571 519,106 — 736,669 Fee Related Compensation (525,540 ) (489,686 ) (532,658 ) (113,961 ) (1,661,845 ) Other Operating Expenses (282,879 ) (274,131 ) (270,680 ) (75,233 ) (902,923 ) Fee Related Earnings 1,568,015 819,632 893,832 164,665 3,446,144 Realized Performance Revenues 181,461 1,048,314 149,293 42,883 1,421,951 Realized Performance Compensation (91,919 ) (495,042 ) (59,548 ) (15,142 ) (661,651 ) Realized Principal Investment Income (Loss) 15,667 37,182 31,311 (17,247 ) 66,913 Total Net Realizations 105,209 590,454 121,056 10,494 827,213 Total Segment Distributable Earnings  $ 1,673,224  $ 1,410,086  $ 1,014,888  $ 175,159  $ 4,273,357 Segment Assets  $ 13,197,587  $ 16,283,251  $ 8,120,026  $ 1,762,563  $ 39,363,427 Nine Months Ended September 30, 2023 Real Private Credit & Multi-Asset Total Estate Equity Insurance Investing Segments Management and Advisory Fees, Net Base Management Fees  $ 2,112,925  $ 1,423,470  $ 967,467  $ 356,037  $ 4,859,899 Transaction, Advisory and Other Fees, Net 58,313 87,923 33,800 3,020 183,056 Management Fee Offsets (26,380 ) (4,104 ) (3,055 ) (3 ) (33,542 ) Total Management and Advisory Fees, Net 2,144,858 1,507,289 998,212 359,054 5,009,413 Fee Related Performance Revenues 279,888 — 409,645 — 689,533 Fee Related Compensation (536,000 ) (482,596 ) (471,245 ) (127,861 ) (1,617,702 ) Other Operating Expenses (229,204 ) (238,912 ) (229,235 ) (76,108 ) (773,459 ) Fee Related Earnings 1,659,542 785,781 707,377 155,085 3,307,785 Realized Performance Revenues 148,236 1,021,164 181,874 16,615 1,367,889 Realized Performance Compensation (80,571 ) (437,970 ) (79,516 ) (10,332 ) (608,389 ) Realized Principal Investment Income 3,719 68,558 15,753 3,700 91,730 Total Net Realizations 71,384 651,752 118,111 9,983 851,230 Total Segment Distributable Earnings  $ 1,730,926  $ 1,437,533  $ 825,488  $ 165,068  $ 4,159,015
Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes	The following tables reconcile the Total Segment Revenues, Expenses and Distributable Earnings to their equivalent GAAP measure for the three and nine months ended September 30, 2024 and 2023 along with Total Assets as of September 30, 2024: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues Total GAAP Revenues  $ 3,663,194  $ 2,541,285  $ 10,147,403  $ 6,737,821 Less: Unrealized Performance Revenues (a) (1,154,905 ) 63,209 (1,723,080 ) 708,146 Less: Unrealized Principal Investment (Income) Loss (b) 90,254 (84,780 ) (314,597 ) 233,638 Less: Interest and Dividend Revenue (c) (109,595 ) (113,904 ) (312,433 ) (362,245 ) Less: Other Revenue (d) 96,329 (63,748 ) 32,041 (17,850 ) Impact of Consolidation (e) (151,369 ) (20,389 ) (329,402 ) (139,784 ) Transaction-Related and Non-Recurring Items (f) (415 ) (420 ) (1,241 ) (3,093 ) Intersegment Eliminations 414 578 1,085 1,932 Total Segment Revenue (g)  $ 2,433,907  $ 2,321,831  $ 7,499,776  $ 7,158,565 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Expenses Total GAAP Expenses  $ 1,896,096  $ 1,374,905  $ 5,319,209  $ 4,039,560 Less: Unrealized Performance Allocations Compensation (h) (465,099 ) (11,866 ) (747,679 ) 247,228 Less: Equity-Based Compensation (i) (262,798 ) (255,616 ) (875,973 ) (773,505 ) Less: Interest Expense (j) (111,326 ) (110,014 ) (327,390 ) (321,353 ) Impact of Consolidation (e) (13,466 ) (43,172 ) (54,667 ) (140,725 ) Amortization of Intangibles (k) (7,333 ) (7,357 ) (21,999 ) (26,110 ) Transaction-Related and Non-Recurring Items (f) (21 ) (6,670 ) (58,006 ) (20,192 ) Administrative Fee Adjustment (l) (3,219 ) (2,425 ) (8,161 ) (7,285 ) Intersegment Eliminations 414 578 1,085 1,932 Total Segment Expenses (m)  $ 1,033,248  $ 938,363  $ 3,226,419  $ 2,999,550 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Other Income Total GAAP Other Income (Loss)  $ 42,842  $ (49,078 )  $ 70,009  $ 104,373 Impact of Consolidation (e) (42,842 ) 49,078 (70,009 ) (104,373 ) Total Segment Other Income  $ —  $ —  $ —  $ — Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes  $ 1,809,940  $ 1,117,302  $ 4,898,203  $ 2,802,634 Less: Unrealized Performance Revenues (a) (1,154,905 ) 63,209 (1,723,080 ) 708,146 Less: Unrealized Principal Investment (Income) Loss (b) 90,254 (84,780 ) (314,597 ) 233,638 Less: Interest and Dividend Revenue (c) (109,595 ) (113,904 ) (312,433 ) (362,245 ) Less: Other Revenue (d) 96,329 (63,748 ) 32,041 (17,850 ) Plus: Unrealized Performance Allocations Compensation (h) 465,099 11,866 747,679 (247,228 ) Plus: Equity-Based Compensation (i) 262,798 255,616 875,973 773,505 Plus: Interest Expense (j) 111,326 110,014 327,390 321,353 Impact of Consolidation (e) (180,745 ) 71,861 (344,744 ) (103,432 ) Amortization of Intangibles (k) 7,333 7,357 21,999 26,110 Transaction-Related and Non-Recurring Items (f) (394 ) 6,250 56,765 17,099 Administrative Fee Adjustment (l) 3,219 2,425 8,161 7,285 Total Segment Distributable Earnings  $ 1,400,659  $ 1,383,468  $ 4,273,357  $ 4,159,015 As of September 30, 2024 Total Assets Total GAAP Assets  $ 42,575,442 Impact of Consolidation (e) (3,212,015 ) Total Segment Assets  $ 39,363,427 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 Items. (a) This adjustment removes Unrealized Performance Revenues on a segment basis. (b) This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis. (c) This adjustment removes Interest and Dividend Revenue on a segment basis. (d) This adjustment removes Other Revenue on a segment basis. For the three months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(96.3) million and $63.8 million, and included $(96.7) million and $63.2 million of foreign exchange gains (losses), respectively. For the nine months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(31.9) million and $18.0 million, and included $(32.6) million and $16.4 million of foreign exchange gains (losses), respectively. (e) This adjustment reverses the effect of consolidating Blackstone Funds, which are excluded from Blackstone’s segment presentation. This adjustment includes the elimination of Blackstone’s interest in these funds, the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests. (f) 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 nine months ended September 30, 2024, this adjustment includes removal of an accrual for an estimated liability for a legal matter. (g) Total Segment Revenues is comprised of the following: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Total Segment Management and Advisory Fees, Net  $ 1,786,734  $ 1,653,840  $ 5,274,243  $ 5,009,413 Total Segment Fee Related Performance Revenues 264,101 274,551 736,669 689,533 Total Segment Realized Performance Revenues 342,669 337,940 1,421,951 1,367,889 Total Segment Realized Principal Investment Income 40,403 55,500 66,913 91,730 Total Segment Revenues  $ 2,433,907  $ 2,321,831  $ 7,499,776  $ 7,158,565 (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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Total Segment Fee Related Compensation  $ 554,855  $ 539,923  $ 1,661,845  $ 1,617,702 Total Segment Realized Performance Compensation 157,570   133,995   661,651   608,389   Total Segment Other Operating Expenses 320,823 264,445 902,923 773,459 Total Segment Expenses  $ 1,033,248  $ 938,363  $ 3,226,419  $ 2,999,550
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 nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Management and Advisory Fees, Net GAAP  $ 1,794,894  $ 1,655,443  $ 5,309,355  $ 5,023,128 Segment Adjustment (a) (8,160 ) (1,603 ) (35,112 ) (13,715 ) Total Segment  $ 1,786,734  $ 1,653,840  $ 5,274,243  $ 5,009,413 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees  $ 191,794  $ 158,801  $ 559,434  $ 454,754 Investment Income - Realized Performance Allocations 414,755 453,690 1,598,913 1,602,668 GAAP 606,549 612,491 2,158,347 2,057,422 Total Segment Less: Realized Performance Revenues (342,669 ) (337,940 ) (1,421,951 ) (1,367,889 ) Segment Adjustment (b) 221 — 273 — Total Segment  $ 264,101  $ 274,551  $ 736,669  $ 689,533 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation  $ 732,041  $ 700,268  $ 2,293,491  $ 2,153,570 Incentive Fee Compensation 73,464 65,432 224,310 192,940 Realized Performance Allocations Compensation 169,740 168,620 689,370 670,610 GAAP 975,245 934,320 3,207,171 3,017,120 Total Segment Less: Realized Performance Compensation (157,570 ) (133,995 ) (661,651 ) (608,389 ) Less: Equity-Based Compensation - Fee Related Compensation (259,265 ) (252,928 ) (864,205 ) (764,527 ) Less: Equity-Based Compensation - Performance Compensation (3,533 ) (2,688 ) (11,768 ) (8,978 ) Segment Adjustment (c) (22 ) (4,786 ) (7,702 ) (17,524 ) Total Segment  $ 554,855  $ 539,923  $ 1,661,845  $ 1,617,702 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP  $ 340,945  $ 279,186  $ 1,022,823  $ 827,614 Segment Adjustment (d) (20,122 ) (14,741 ) (119,900 ) (54,155 ) Total Segment  $ 320,823  $ 264,445  $ 902,923  $ 773,459 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Performance Revenues GAAP Incentive Fees  $ 191,794  $ 158,801  $ 559,434  $ 454,754 Investment Income - Realized Performance Allocations 414,755 453,690 1,598,913 1,602,668 GAAP 606,549 612,491 2,158,347 2,057,422 Total Segment Less: Fee Related Performance Revenues (264,101 ) (274,551 ) (736,669 ) (689,533 ) Segment Adjustment (b) 221 — 273 — Total Segment  $ 342,669  $ 337,940  $ 1,421,951  $ 1,367,889 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Performance Compensation GAAP Incentive Fee Compensation  $ 73,464  $ 65,432  $ 224,310  $ 192,940 Realized Performance Allocation Compensation 169,740 168,620 689,370 670,610 GAAP 243,204 234,052 913,680 863,550 Total Segment Less: Fee Related Performance Compensation (e) (82,101 ) (97,369 ) (240,261 ) (246,183 ) Less: Equity-Based Compensation - Performance Compensation (3,533 ) (2,688 ) (11,768 ) (8,978 ) Total Segment  $ 157,570  $ 133,995  $ 661,651  $ 608,389 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Realized Principal Investment Income GAAP  $ 95,235  $ 94,313  $ 247,877  $ 257,206 Segment Adjustment (f) (54,832 ) (38,813 ) (180,964 ) (165,476 ) Total Segment  $ 40,403  $ 55,500  $ 66,913  $ 91,730 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 Items. (a) Represents (1) the add back of net management fees earned from consolidated Blackstone f (b) Represents the add back of Performance Revenues earned from consolidated Blackstone f (c) Represents the removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures. (d) 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 nine months ended September 30, 2024, this adjustment includes removal of an accrual for an estimated liability for a legal matter. (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 f

Organization - Additional Infor

Organization - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 Segment	Sep. 30, 2023 Segment	Sep. 30, 2024 Segment Person	Sep. 30, 2023 Segment
Organization [Line Items]
Number of business segments | Segment	4	4	4	4
Number of Blackstone founders managing the Partnership | Person			1

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 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	(1,595,107)	(1,568,164)
Intangible Assets, Net	$ 174,265	$ 201,208

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets [Line Items]
Amortization expense	$ 9,000	$ 9,000	$ 26,944	$ 31,073
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 6 months		5 years 6 months

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Investments	$ 28,322,715	$ 26,146,622
Partnership Investments
Schedule of Investments [Line Items]
Investments	6,295,704	5,924,275
Accrued Performance Allocations
Schedule of Investments [Line Items]
Investments	12,411,485	10,775,355
Other Investments
Schedule of Investments [Line Items]
Investments	5,594,857	4,323,639
Consolidated Blackstone Funds
Schedule of Investments [Line Items]
Investments	3,873,027	4,319,483
Corporate Treasury Investments
Schedule of Investments [Line Items]
Investments	$ 147,642	$ 803,870

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Schedule of Investments [Line Items]
Investments	$ 28,322,715		$ 28,322,715		$ 26,146,622
Recognized net gains related to equity method investments	215,300	$ 48,100	512,400	$ 208,600
Equity investments, carrying value	357,900		357,900
Consolidated Blackstone Funds | Blackstone
Schedule of Investments [Line Items]
Investments	$ 431,500		$ 431,500		$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Gain (Loss) on Securities [Line Items]
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	$ 1,663,044	$ 554,139	$ 3,997,863	$ 893,865
Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities	42,842	(49,078)	70,009	102,486
Consolidated Blackstone Funds
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	10,721	(2,624)	(29,725)	18,184
Net Change in Unrealized Gains (Losses)	28,698	(19,145)	84,216	21,805
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	39,419	(21,769)	54,491	39,989
Interest and Dividend Revenue and Foreign Exchange Gains (Losses) Attributable to Consolidated Blackstone Funds	3,423	(27,309)	15,518	62,497
Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities	$ 42,842	$ (49,078)	$ 70,009	$ 102,486

Performance Fees Allocated to F

Performance Fees Allocated to Funds (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	$ 26,146,622
Ending Balance	28,322,715
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	3,452,978
Foreign Exchange Gain	1,764
Fund Distributions	(1,818,612)
Ending Balance	12,411,485
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	170,069
Foreign Exchange Gain	1,764
Fund Distributions	(432,118)
Ending Balance	2,730,317
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	2,732,551
Fund Distributions	(1,109,686)
Ending Balance	8,716,785
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	399,619
Fund Distributions	(180,658)
Ending Balance	818,740
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	150,739
Fund Distributions	(96,150)
Ending Balance	$ 145,643

Realized and Net Change in Unre

Realized and Net Change in Unrealized Gains (Losses) on Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Gain (Loss) on Securities [Line Items]
Total realized and net change in unrealized gains (losses)	$ 1,663,044	$ 554,139	$ 3,997,863	$ 893,865
Corporate Treasury Investments
Gain (Loss) on Securities [Line Items]
Realized Losses	(11)	(2,283)	(2,660)	(2,206)
Net Change in Unrealized Gains (Losses)	6,935	(7,425)	9,711	1,161
Total realized and net change in unrealized gains (losses)	$ 6,924	$ (9,708)	$ 7,051	$ (1,045)

Realized and Net Change in Un_2

Realized and Net Change in Unrealized Gains (Losses) in Other Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Gain (Loss) on Securities [Line Items]
Total Investment Income	$ 1,663,044	$ 554,139	$ 3,997,863	$ 893,865
Other Investments
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	(3,702)	2,305	1,114	(13,880)
Net Change in Unrealized Gains (Losses)	(21,118)	149,851	426,250	(5,334)
Total Investment Income	$ (24,820)	$ 152,156	$ 427,364	$ (19,214)

Summary of Fair Value by Strate

Summary of Fair Value by Strategy Type Alongside Consolidated Funds of Hedge Funds' Remaining Unfunded Commitments and Ability to Redeem Such Investments (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 503,770
Equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	413,313
Real Estate
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	83,505
Other
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 6,952

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	Sep. 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	69%
Percentage of investments redeemable as of reporting date	31%

Summary of Aggregate Notional A

Summary of Aggregate Notional Amount and Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	$ 2,082,515	$ 1,943,891
Derivative Liabilities, Notional	2,766,051	2,055,466
Derivative Assets, Fair Value	155,756	190,079
Derivative Liabilities, Fair Value	949,399	654,621
Freestanding Derivatives
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	982,952	855,683
Derivative Liabilities, Notional	843,764
Derivative Assets, Fair Value	13,819	19,189
Derivative Liabilities, Fair Value	17,066
Freestanding Derivatives | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	1,099,563	1,088,208
Derivative Liabilities, Notional	1,922,287	2,055,466
Derivative Assets, Fair Value	141,937	170,890
Derivative Liabilities, Fair Value	932,333	654,621
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	9	508
Freestanding Derivatives | Blackstone | Total Return Swaps
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	30,062	63,158
Derivative Assets, Fair Value	5,636	13,171
Freestanding Derivatives | Interest Rate Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	623,740	634,840
Derivative Liabilities, Notional	601,000	607,000
Derivative Assets, Fair Value	124,009	145,798
Derivative Liabilities, Fair Value	72,600	86,589
Freestanding Derivatives | Interest Rate Contracts | Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	982,952	855,683
Derivative Liabilities, Notional	843,764
Derivative Assets, Fair Value	13,819	19,189
Derivative Liabilities, Fair Value	17,066
Freestanding Derivatives | Foreign Currency Contracts | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	445,761	387,102
Derivative Liabilities, Notional	181,298	334,228
Derivative Assets, Fair Value	12,292	11,442
Derivative Liabilities, Fair Value	2,092	3,538
Freestanding Derivatives | Equity Options | Blackstone
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Notional	1,139,349	1,110,490
Derivative Liabilities, Fair Value	$ 857,632	$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative [Line Items]
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	$ (115,424)	$ (41,770)	$ (274,227)	$ (200,738)
Freestanding Derivatives
Derivative [Line Items]
Realized Gains (Losses)	9,533	2,577	25,166	23,359
Net Change in Unrealized Gains (Losses)	(124,957)	(44,347)	(299,393)	(224,097)
Freestanding Derivatives | Total Return Swaps
Derivative [Line Items]
Realized Gains (Losses)	6,455	3,436	19,325	14,461
Net Change in Unrealized Gains (Losses)	(3,592)	884	(6,930)	(1,293)
Freestanding Derivatives | Credit Default Swap
Derivative [Line Items]
Realized Gains (Losses)	0	0	75	(413)
Net Change in Unrealized Gains (Losses)	(2)	2	(54)	366
Freestanding Derivatives | Interest Rate Contracts
Derivative [Line Items]
Realized Gains (Losses)	0	2,213	(614)	2,360
Net Change in Unrealized Gains (Losses)	(23,272)	(3,148)	(1,176)	(371)
Freestanding Derivatives | Foreign Currency Contracts
Derivative [Line Items]
Realized Gains (Losses)	3,078	(3,072)	6,380	6,951
Net Change in Unrealized Gains (Losses)	8,028	(3,375)	2,413	(11,213)
Freestanding Derivatives | Equity Options
Derivative [Line Items]
Net Change in Unrealized Gains (Losses)	$ (106,119)	$ (38,710)	$ (293,646)	$ (211,586)

Summary of Financial Instrument

Summary of Financial Instruments for Which Fair Value Option Has Been Elected (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans and Receivables	$ 192,271	$ 60,738
Assets	3,718,923	3,957,327
Liabilities	109,185	688,386
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	63,735	63,486
Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	3,372,042	2,894,302
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	90,875	938,801
CLO Notes Payable
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	107,715	687,122
Corporate Treasury Commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	$ 1,470	$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Realized Gains (Losses) | Assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	$ (179)	$ (67)	$ (617)	$ (13,443)
Realized Gains (Losses) | Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(625)	(520)	(3,647)	(6,515)
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	884	406	6,072	(776)
Realized Gains (Losses) | Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(438)	47	(3,042)	(6,152)
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	87	(904)	(2,034)	(3,611)
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	(20,185)	11,743	(22,390)	(709)
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	406	406	218	4,330
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	(375)	1,306	1,178	6,602
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	(21,743)	11,538	(23,094)	(6,763)
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	1,065	703	2,520	5,335
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	(391)	(907)	1,384	16
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	$ 16	$ 2,213	$ (206)	$ 6,586

Information for Financial Instr

Information for Financial Instruments on Which Fair Value Option was Elected (Detail) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal		$ (55,995)	$ (60,653)
Fair value of financial instruments more than one day past due	[1]	1,313	1,345
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal		(55,104)	(52,577)
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal		(2,990)	(8,751)
Fair value of financial instruments more than one day past due	[1]	1,313	1,345
Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal		2,099	675
Fair value of financial instruments more than one day past due		$ 0	$ 0
[1]Assets are classified as past due if contractual payments are more than 90 days past due.

Fair Value Option - Additional

Fair Value Option - Additional Information (Detail) $ in Thousands		Sep. 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]	$ 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]	$ 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
[1]Assets are classified as past due if contractual payments are more than 90 days past due.

Financial Assets and Liabilitie

Financial Assets and Liabilities at Fair Value (Detail) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable - Loans and Receivables		$ 192,271	$ 60,738
Assets		3,718,923	3,957,327
Loans Payable - CLO Notes Payable		10,752,246	11,304,059
Corporate Treasury Commitments		$ 109,185	$ 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		$ 155,756	$ 190,079
Derivatives liabilities		91,767	90,635
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		3,534,746	3,277,350
Liabilities		859,606	565,637
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		59,326	263,574
Total Investments		9,262,655	9,273,604
Accounts Receivable - Loans and Receivables		192,271	60,738
Assets		9,656,189	9,768,806
Securities Sold, Not Yet Purchased		3,959	3,886
Contingent Consideration		504	387
Total Accounts Payable, Accrued Expenses and Other Liabilities		955,332	660,158
Liabilities		1,063,047	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		1,470	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		107,715	687,122
Fair Value, Measurements, Recurring | Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		932,333	654,621
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds - Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		17,066
Fair Value, Measurements, Recurring | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		5,241,986	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		503,770	565,534
Assets		503,770	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		6,952	7,275
Fair Value, Measurements, Recurring | Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,873,027	4,319,483
Derivatives assets		141,937	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		13,819	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]	3,752,823	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		106,385	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		496,818	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]	496,818	558,259
Fair Value, Measurements, Recurring | Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		147,642	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		59,326	263,574
Total Investments		2,112,238	1,647,301
Assets		2,171,564	1,910,965
Securities Sold, Not Yet Purchased		3,959	3,886
Total Accounts Payable, Accrued Expenses and Other Liabilities		3,959	4,322
Liabilities		3,959	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		2,029,109	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		9,099	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]	9,099	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		74,030	72,071
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,309,808	3,857,328
Assets		3,446,109	4,014,957
Total Accounts Payable, Accrued Expenses and Other Liabilities		91,767	90,199
Liabilities		199,482	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		107,715	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		74,701	90,199
Fair Value, Measurements, Recurring | Level 2 | Consolidated Blackstone Funds - Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		17,066
Fair Value, Measurements, Recurring | Level 2 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,009,294	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		232,397	1,066,475
Derivatives assets		136,301	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		13,819	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]	128,405	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		90,173	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		68,117	435,430
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,336,839	3,203,441
Accounts Receivable - Loans and Receivables		192,271	60,738
Assets		3,534,746	3,277,350
Contingent Consideration		504	387
Total Accounts Payable, Accrued Expenses and Other Liabilities		859,606	565,637
Liabilities		859,606	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		1,470	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		857,632	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		196,631	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		3,134,713	2,683,631
Derivatives assets		5,636	13,171
Assets		3,134,713	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]	3,118,501	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		16,212	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		$ 5,495	$ 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		9 Months Ended	12 Months Ended
		Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 3,718,923	$ 3,957,327
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,534,746	3,277,350
Fair value liabilities		859,606	565,637
Fair Value, Measurements, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		9,656,189	9,768,806
Fair value liabilities		1,063,047	1,347,280
Fair Value, Measurements, Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,534,746	3,277,350
Fair value liabilities		859,606	565,637
Fair Value, Measurements, Recurring | Level 3 | Loans and Receivables | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 192,271	$ 60,738
Fair Value, Measurements, Recurring | Level 3 | Minimum | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	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		7%	8.80%
Fair Value, Measurements, Recurring | Level 3 | Maximum | Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	7.60%
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		10.40%	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],[2]	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	[2]	9.20%	10.30%
Fair Value, Measurements, Recurring | Level 3 | Other Investments | Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets	[1]	$ 202,267
Fair Value, Measurements, Recurring | Level 3 | Other Investments | Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets	[1]		$ 236,612
Fair Value, Measurements, Recurring | Level 3 | Freestanding Derivatives | Valuation Technique, Option Pricing Model
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value liabilities	[3]	$ 857,632	$ 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	6.3
Fair Value, Measurements, Recurring | Level 3 | Other Liabilities | Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value liabilities	[4]	$ 1,974	$ 1,651
Fair Value, Measurements, Recurring | Level 3 | Consolidated Blackstone Funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,134,713	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		$ 3,118,501	$ 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		4.10%	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		13.80%	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		38.90%	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	[2]	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	[2]	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	[2]	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		$ 16,212	$ 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 | Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 5,495
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	[2]		17.10%
[1]As of September 30, 2024 and December 31, 2023, Other Investments includes Level III Freestanding Derivatives.[2]Unobservable inputs were weighted based on the fair value of the investments included in the range.[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 September 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		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period		$ 3,200,807	$ 4,590,324	$ 3,117,393	$ 4,595,842
Transfer In Due to Consolidation and Acquisition		68,012		68,012
Transfer Out Due to Deconsolidation				(14,237)	(3,837)
Transfer Into Level III	[1]	29,855	12,858	145,361	27,754
Transfer Out of Level III	[1]	(2,303)	(12,193)	(24,484)	(19,982)
Purchases		417,839	76,944	1,081,819	471,456
Sales		(284,001)	(76,620)	(870,408)	(636,525)
Issuances		10,883	0	27,963	57,008
Settlements	[2]	(42,596)	(7,506)	(87,842)	(65,291)
Changes in Gains (Losses) In cludedin Earnings		109,987	(179,314)	64,906	(21,932)
Balance, End of Period		3,508,483	4,404,493	3,508,483	4,404,493
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date		$ 36,395	$ (90,250)	$ 17,175	$ (43,615)
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		$ 753,503	$ 226,028	$ 565,637	$ 56,725
Transfer In (Out) Due to Consolidation and Acquisition				0	800
Changes in Losses (Gains) Included in Earnings		106,103	36,497	293,969	205,000
Balance, End of Period		859,606	262,525	859,606	262,525
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date		106,103	36,498	293,969	205,000
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	[3]	183,677	73,612	373,024	30,971
Transfer Into Level III	[1],[3]	0	0	109,347	898
Transfer Out of Level III	[1],[3]	0	(649)	(58)	(3,374)
Purchases	[3]	2,523	4,913	8,198	56,589
Sales	[3]	(1,535)	(1,573)	(296,565)	(3,258)
Settlements	[2],[3]	(10,074)	(3,389)	(19,929)	(8,086)
Changes in Gains (Losses) In cludedin Earnings	[3]	6,908	3,332	7,482	2,506
Balance, End of Period	[3]	181,499	76,246	181,499	76,246
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	[3]	2,401	(1,891)	3,713	2,869
Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period		1,990	4,571	1,651	8,144
Transfer In (Out) Due to Consolidation and Acquisition				0	800
Changes in Losses (Gains) Included in Earnings		(16)	(2,213)	323	(6,586)
Balance, End of Period		1,974	2,358	1,974	2,358
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date		(16)	(2,213)	323	(6,586)
Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period		751,513	221,457	563,986	48,581
Changes in Losses (Gains) Included in Earnings		106,119	38,710	293,646	211,586
Balance, End of Period		857,632	260,167	857,632	260,167
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date		106,119	38,711	293,646	211,586
Loans and Receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period		135,577	76,861	60,738	315,039
Purchases		275,240	28,823	594,528	200,791
Sales		(200,850)	(23,312)	(430,408)	(459,825)
Issuances		10,883	0	27,963	57,008
Settlements	[2]	(32,522)	(4,117)	(67,913)	(57,205)
Changes in Gains (Losses) In cludedin Earnings		3,943	1,084	7,363	23,531
Balance, End of Period		192,271	79,339	192,271	79,339
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date		57	(52)	(1,283)	2,391
Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period		2,881,553	4,439,851	2,683,631	4,249,832
Transfer In Due to Consolidation and Acquisition		68,012		68,012
Transfer Out Due to Deconsolidation				(14,237)	(3,837)
Transfer Into Level III	[1]	29,855	12,858	36,014	26,856
Transfer Out of Level III	[1]	(2,303)	(11,544)	(24,426)	(16,608)
Purchases		140,076	43,208	479,093	214,076
Sales		(81,616)	(51,735)	(143,435)	(173,442)
Changes in Gains (Losses) In cludedin Earnings		99,136	(183,730)	50,061	(47,969)
Balance, End of Period		3,134,713	4,248,908	3,134,713	4,248,908
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date		$ 33,937	$ (88,307)	$ 14,745	$ (48,875)
[1]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.[2]For Freestanding Derivatives included within Other Investments, Settlements includes all ongoing contractual cash payments made or received over the life of the instrument.[3]Represents freestanding derivatives, corporate treasury investments and Other Investments.

Fair Value Measurements of Fi_3

Fair Value Measurements of Financial instruments - Additional Information (Detail) - Blackstone - Consolidated Blackstone Funds - Fair Value, Measurements, Recurring - USD ($) $ in Millions		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial investment weighted average remaining term		2 years 6 months
Investments fair value disclosure	$ 621.7

Maximum Exposure to Loss Relati

Maximum Exposure to Loss Relating to Non-Consolidated VIEs (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
VIE Assets	$ 42,575,442	$ 40,287,530
VIE Liabilities	23,110,501	22,212,316
Due from Affiliates
Variable Interest Entity [Line Items]
VIE Assets	262,652	203,187
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	5,007,097	4,026,897
Variable Interest Entity, Not Primary Beneficiary | Potential Clawback Obligation
Variable Interest Entity [Line Items]
VIE Liabilities	82,122	72,119
Variable Interest Entity, Not Primary Beneficiary | Amounts Due to Non-Consolidated VIEs
Variable Interest Entity [Line Items]
VIE Liabilities	70	223
Variable Interest Entity, Not Primary Beneficiary | Investments
Variable Interest Entity [Line Items]
VIE Assets	$ 4,662,323	$ 3,751,591

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Securities Financing Transaction [Line Items]
Pledged securities with carrying value to collateralize its repurchase agreements	$ 100.3	$ 0

Schedule of Repurchase Agreemen

Schedule of Repurchase Agreements Obligation by Type of Collateral Pledged (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Assets Sold under Agreements to Repurchase [Line Items]
Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 12. "Offsetting of Assets and Liabilities"	$ 100,318
Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 12. "Offsetting of Assets and Liabilities"	0
Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	100,318
Overnight and Continuous | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Up to 30 Days | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	28,205
30 - 90 Days | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	72,113
Greater than 90 Days | Asset-backed Securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	$ 0

Offsetting of Assets and Liab_3

Offsetting of Assets and Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Offsetting Assets and Liabilities [Line Items]
Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	$ 192,085
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	191,052
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	50
Net Amount	983
Freestanding Derivatives
Offsetting Assets and Liabilities [Line Items]
Derivatives Gross and Net Amounts of Assets Presented in the Statement of Financial Condition	155,756	$ 190,079
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	87,537	107,330
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	48,305	49,532
Derivatives Net Amount	19,914	33,217
Derivatives Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	91,767	90,635
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	90,734	87,777
Derivatives Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	50	625
Derivatives Net Amount	983	$ 2,233
Repurchase Agreements
Offsetting Assets and Liabilities [Line Items]
Repurchase agreements gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	100,318
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	100,318
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received
Repurchase agreements Net Amount

Components of Other Assets (Det

Components of Other Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Other Assets [Line Items]
Furniture, Equipment and Leasehold Improvements	$ 978,073	$ 937,355
Less: Accumulated Depreciation	(461,216)	(394,602)
Furniture, Equipment and Leasehold Improvements, Net	516,857	542,753
Prepaid Expenses	247,909	207,886
Freestanding Derivatives	141,937	170,890
Other	27,287	23,319
Total Other Assets	$ 933,990	$ 944,848

Offsetting Of Assets And Liab_4

Offsetting Of Assets And Liabilities - Additional Information (Detail) - Cash Pooling Arrangement $ in Millions	Sep. 30, 2024 USD ($)
Offsetting Assets [Line Items]
Aggregate cash balance on deposit relating to the cash pooling arrangement	$ 903.1
Overdraft facility	$ 903.1

Carrying Value and Fair Value o

Carrying Value and Fair Value of Blackstone Issued Notes (Detail) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Carrying Value	[1]	$ 10,752,246	$ 11,304,059
Debt instrument, fair value	[1]	9,771,097	9,968,748
Senior Secured Notes
Debt Instrument [Line Items]
Carrying Value	[2]	10,604,582	10,576,988
Debt instrument, fair value	[2]	9,623,433	9,241,677
Borrowings Of Consolidated Blackstone Funds
Debt Instrument [Line Items]
Carrying Value	[1]	107,715	687,122
Debt instrument, fair value	[1]	107,715	687,122
2.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	339,384	336,005
Debt instrument, fair value	[2]	331,585	324,778
1.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	670,693	664,085
Debt instrument, fair value	[2]	643,714	620,864
3.150% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	298,766	298,476
Debt instrument, fair value	[2]	290,220	283,059
5.900% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	596,225	595,411
Debt instrument, fair value	[2]	627,510	625,158
1.625% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	646,130	645,406
Debt instrument, fair value	[2]	589,940	566,508
1.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	673,001	666,655
Debt instrument, fair value	[2]	629,323	601,272
2.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	494,316	493,573
Debt instrument, fair value	[2]	459,090	431,005
1.600% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	496,794	496,447
Debt instrument, fair value	[2]	415,375	391,955
2.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	790,200	789,283
Debt instrument, fair value	[2]	672,856	633,153
2.550% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	496,026	495,670
Debt instrument, fair value	[2]	435,125	410,755
6.200% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	892,393	891,899
Debt instrument, fair value	[2]	992,556	962,037
3.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	526,835	521,549
Debt instrument, fair value	[2]	566,883	536,319
6.250% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	239,679	239,457
Debt instrument, fair value	[2]	271,733	263,270
5.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	490,188	489,975
Debt instrument, fair value	[2]	489,335	464,560
4.450% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	344,802	344,691
Debt instrument, fair value	[2]	311,325	297,486
4.000% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	291,316	291,149
Debt instrument, fair value	[2]	248,808	233,685
3.500% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	392,572	392,436
Debt instrument, fair value	[2]	305,692	294,608
2.800% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	394,214	394,103
Debt instrument, fair value	[2]	262,916	252,008
2.850% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	543,437	543,317
Debt instrument, fair value	[2]	362,357	352,457
3.200% Notes
Debt Instrument [Line Items]
Carrying Value	[2]	987,611	987,401
Debt instrument, fair value	[2]	717,090	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]	10,644,531	10,616,937
Debt instrument, fair value	[3]	9,663,382	9,281,626
CLO Notes Payable | Borrowings Of Consolidated Blackstone Funds
Debt Instrument [Line Items]
Carrying Value	[1]	107,715	687,122
Debt instrument, fair value	[1]	$ 107,715	$ 687,122
[1]CLO Notes Payable have maturity dates ranging from June 2025 to January 2037 and have an effective interest rate of 8.97% as of September 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 7.60% and the Secured Borrowing, Due 1/29/2035 has an interest rate of 7.60%. 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 September 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	9 Months Ended
	Sep. 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	8.97%
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	7.60%
Debt instrument, maturity date	Oct. 27, 2033	[2]
Secured Borrowings Two
Debt Instrument [Line Items]
Debt instrument, interest rate	7.60%
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 7.60% and the Secured Borrowing, Due 1/29/2035 has an interest rate of 7.60%. 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 September 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	Sep. 30, 2024 USD ($)
Debt Instrument [Line Items]
2024	$ 0
2025	342,273
2026	674,148
2027	911,589
2028	664,090
Thereafter	8,293,646
Total	10,885,746
Blackstone Operating Borrowings
Debt Instrument [Line Items]
2024	0
2025	342,273
2026	674,148
2027	911,589
2028	664,090
Thereafter	8,174,850
Total	10,766,950
Borrowings of Consolidated Blackstone Funds
Debt Instrument [Line Items]
2024	0
2025	0
2026	0
2027	0
2028	0
Thereafter	118,796
Total	$ 118,796

Schedule of Major Filing Jurisd

Schedule of Major Filing Jurisdictions and Open Period Subject to Examinations (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Line Items]
Net Income Attributable to Blackstone Inc., Basic and Diluted	$ 780,835	$ 551,994	$ 2,072,635	$ 1,239,080
Weighted-Average Shares of Common Stock Outstanding, Basic	768,230,595	757,958,602	765,747,924	754,211,390
Weighted-Average Shares of Unvested Deferred Restricted Common Stock	49,771	87,494	185,402	244,936
Weighted-Average Shares of Common Stock Outstanding, Diluted	768,280,366	758,046,096	765,933,326	754,456,326
Net Income Per Share of Common Stock, Basic	$ 1.02	$ 0.73	$ 2.71	$ 1.64
Net Income Per Share of Common Stock, Diluted	1.02	0.73	2.71	1.64
Dividends Declared Per Share of Common Stock	$ 0.82	$ 0.79	$ 2.59	$ 2.52

Summary of Anti-Dilutive Securi

Summary of Anti-Dilutive Securities (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Blackstone Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-Average Units	454,290,705	460,160,593	456,139,859	461,549,778

Schedule of Shares Eligible For

Schedule of Shares Eligible For Dividends and Distribution (Detail)	Sep. 30, 2024 shares
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	767,895,244
Shares eligible for dividends and distributions	1,221,580,941
Common Stock
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	730,699,964
Unvested Participating Common Stock
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	37,195,280
Participating Partnership Units
Stockholders Equity [Line Items]
Participating Blackstone Holdings Partnership Units	453,685,697

Earnings Per Share and Stockh_3

Earnings Per Share and Stockholder's Equity - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jul. 16, 2024	Dec. 07, 2021
Stockholders Equity [Line Items]
Amount remaining available for repurchases	$ 1,900		$ 1,900
Common Stock
Stockholders Equity [Line Items]
Common stock repurchased, units	1,000,000	1,300,000	3,700,000	3,300,000
Amount authorized to repurchase under unit repurchase program					$ 2,000	$ 2,000
Common stock repurchased, cost	$ 140.8	$ 134.3	$ 473.5	$ 310.4

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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	$ 264,200	$ 260,000	$ 885,862	$ 797,762
Tax benefits in relation to equity-based awards	65,000	$ 49,100	192,900	$ 132,200
Estimated unrecognized compensation expense related to unvested awards	$ 2,300,000		$ 2,300,000
Weighted-average period for recognized compensation expense related to unvested awards, years			3 years 4 months 24 days
Total vested and unvested outstanding units	1,221,548,610		1,221,548,610
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total outstanding unvested phantom units	91,652		91,652

Summary of Status of Partnershi

Summary of Status of Partnership's Unvested Equity-Based Awards (Detail)	9 Months Ended
	Sep. 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	(3,678,715)
Forfeited (Units) | shares	(35,431)
Ending Balance | shares	871,747
Beginning Balance | $ / shares	$ 38.94
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	0
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	40.02
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	46.58
Ending Balance | $ / shares	$ 34.16
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	11,401,550
Vested (Units) | shares	(11,684,791)
Forfeited (Units) | shares	(1,704,058)
Ending Balance | shares	34,469,345
Beginning Balance | $ / shares	$ 86.05
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	130.79
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	79.22
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	97.59
Ending Balance | $ / shares	$ 102.76
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	(26,948)
Forfeited (Units) | shares	(20,863)
Ending Balance | shares	76,455
Beginning Balance | $ / shares	$ 114.5
Granted (Weighted-Average Grant Date Fair Value) | $ / shares	121.94
Vested (Weighted-Average Grant Date Fair Value) | $ / shares	135.49
Forfeited (Weighted-Average Grant Date Fair Value) | $ / shares	130.85
Ending Balance | $ / shares	$ 138.24

Unvested Shares and Units, Afte

Unvested Shares and Units, After Expected Forfeitures (Detail)	9 Months Ended
	Sep. 30, 2024 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Blackstone Holdings Partnership Units	835,081
Deferred Restricted Shares of Common Stock	30,656,880
Total Equity-Based Awards	31,491,961
Phantom Shares	64,184
Blackstone Holdings Partnership Units (Weighted-Average Service Period in Years)	10 months 24 days
Deferred Restricted Shares of Common Stock (Weighted-Average Service in Years)	3 years
Total Equity-Based Awards (Weighted-Average Service Period in Years)	2 years 10 months 24 days
Phantom Shares (Weighted-Average Service Period in Years)	2 years 10 months 24 days

Due from Affiliates and Due to

Due from Affiliates and Due to Affiliates (Detail) - USD ($) $ in Thousands	Sep. 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	$ 3,884,260	$ 3,638,948
Due from Certain Non-Controlling Interest Holders and Blackstone Employees	1,131,274	720,743
Accrual for Potential Clawback of Previously Distributed Performance Allocations	148,349	106,830
Due from Affiliates, total	5,163,883	4,466,521
Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements	1,747,513	1,681,516
Due to Non-Consolidated Entities	158,196	124,560
Due to Certain Non-Controlling Interest Holders and Blackstone Employees	274,326	305,816
Accrual for Potential Repayment of Previously Received Performance Allocations	440,495	281,518
Due to Affiliates, total	2,620,530	2,393,410
Related Party
Related Party Transaction [Line Items]
Due from Affiliates, total	5,163,883	4,466,521
Due to Affiliates, total	$ 2,620,530	$ 2,393,410

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Investments	$ 28,322,715		$ 28,322,715		$ 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	$ 523,900		$ 523,900
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	$ 40,000	$ 13,400	$ 113,100	$ 67,800
Founder, senior managing directors, employees and certain other related parties | Consolidated Blackstone Funds
Related Party Transaction [Line Items]
Investments	$ 2,000,000		$ 2,000,000		$ 1,700,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Jan. 01, 2023
Schedule Of Commitments And Contingencies [Line Items]
General partner capital funding	$ 5,400
Total investments at risk in respect of guarantees extended	$ 33
Contingent obligations currently anticipated to expire end	2032
Provision for cash clawback	$ 1,100
Contingent Obligations (Clawback)	7,100
Loss Contingency Accrual, Payments	1
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	857.6
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
Blackstone Holdings
Schedule Of Commitments And Contingencies [Line Items]
Loans held By employees for investment guaranteed	88.2
Contingent Obligations (Clawback)	6,500
Loss Contingency Accrual, Payments	0.6
Current And Former Blackstone Personnel
Schedule Of Commitments And Contingencies [Line Items]
Loss Contingency Accrual, Payments	0.4
Consolidated Blackstone Funds
Schedule Of Commitments And Contingencies [Line Items]
Funds signed investment commitments	351.3
Consolidated Blackstone Funds | Portfolio Company Acquisition
Schedule Of Commitments And Contingencies [Line Items]
Signed investment commitments for portfolio company acquisitions in process of closing	$ 183.1

Clawback Obligations by Segment

Clawback Obligations by Segment (Detail) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Product Liability Contingency [Line Items]
Clawback obligations	[1]	$ 440,495	$ 281,518
Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		297,312	174,688
Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	143,183	106,830
Real Estate Segment
Product Liability Contingency [Line Items]
Clawback obligations	[1]	405,978	235,772
Real Estate Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		274,378	145,435
Real Estate Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	131,600	90,337
Private Equity Segment
Product Liability Contingency [Line Items]
Clawback obligations	[1]	33,413	45,277
Private Equity Segment | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		22,456	29,046
Private Equity Segment | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	10,957	16,231
Credit & Insurance
Product Liability Contingency [Line Items]
Clawback obligations	[1]	1,104	469
Credit & Insurance | Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		478	207
Credit & Insurance | Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	$ 626	$ 262
[1]Total is a component of Due to Affiliates. See Note 16. “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	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Number of business segments	4	4	4	4

Financial Data of Segments (Det

Financial Data of Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Fee Related Performance Revenues	$ 264,101	$ 274,551	$ 736,669	$ 689,533
Realized Performance Revenues	606,549	612,491	2,158,347	2,057,422
Realized Performance Compensation	(243,204)	(234,052)	(913,680)	(863,550)
Realized Principal Investment Income	40,403	55,500	66,913	91,730
Operating Segments
Segment Reporting Information [Line Items]
Base Management Fees	1,710,941	1,619,743	5,007,237	4,859,899
Transaction, Advisory and Other Fees, Net	82,506	44,611	281,980	183,056
Management Fee Offsets	(6,713)	(10,514)	(14,974)	(33,542)
Total Management and Advisory Fees, Net	1,786,734	1,653,840	5,274,243	5,009,413
Fee Related Performance Revenues	264,101	274,551	736,669	689,533
Fee Related Compensation	(554,855)	(539,923)	(1,661,845)	(1,617,702)
Other Operating Expenses	(320,823)	(264,445)	(902,923)	(773,459)
Fee Related Earnings	1,175,157	1,124,023	3,446,144	3,307,785
Realized Performance Revenues	342,669	337,940	1,421,951	1,367,889
Realized Performance Compensation	(157,570)	(133,995)	(661,651)	(608,389)
Realized Principal Investment Income	40,403	55,500	66,913	91,730
Total Net Realizations	225,502	259,445	827,213	851,230
Total Segment Distributable Earnings	1,400,659	1,383,468	4,273,357	4,159,015
Segment Assets	39,363,427		39,363,427
Operating Segments | Real Estate Segment
Segment Reporting Information [Line Items]
Base Management Fees	672,260	697,561	2,052,223	2,112,925
Transaction, Advisory and Other Fees, Net	24,810	10,686	129,140	58,313
Management Fee Offsets	(1,524)	(7,616)	(7,921)	(26,380)
Total Management and Advisory Fees, Net	695,546	700,631	2,173,442	2,144,858
Fee Related Performance Revenues	72,428	127,841	202,992	279,888
Fee Related Compensation	(166,567)	(199,384)	(525,540)	(536,000)
Other Operating Expenses	(100,739)	(83,074)	(282,879)	(229,204)
Fee Related Earnings	500,668	546,014	1,568,015	1,659,542
Realized Performance Revenues	78,022	17,419	181,461	148,236
Realized Performance Compensation	(44,761)	(7,813)	(91,919)	(80,571)
Realized Principal Investment Income	6,421	1,565	15,667	3,719
Total Net Realizations	39,682	11,171	105,209	71,384
Total Segment Distributable Earnings	540,350	557,185	1,673,224	1,730,926
Segment Assets	13,197,587		13,197,587
Operating Segments | Private Equity Segment
Segment Reporting Information [Line Items]
Base Management Fees	511,355	481,224	1,454,183	1,423,470
Transaction, Advisory and Other Fees, Net	45,592	22,604	118,721	87,923
Management Fee Offsets	(4,127)	(2,000)	(4,026)	(4,104)
Total Management and Advisory Fees, Net	552,820	501,828	1,568,878	1,507,289
Fee Related Performance Revenues	5,868	0	14,571	0
Fee Related Compensation	(169,059)	(152,491)	(489,686)	(482,596)
Other Operating Expenses	(96,660)	(81,738)	(274,131)	(238,912)
Fee Related Earnings	292,969	267,599	819,632	785,781
Realized Performance Revenues	216,643	299,271	1,048,314	1,021,164
Realized Performance Compensation	(94,800)	(114,211)	(495,042)	(437,970)
Realized Principal Investment Income	9,028	22,682	37,182	68,558
Total Net Realizations	130,871	207,742	590,454	651,752
Total Segment Distributable Earnings	423,840	475,341	1,410,086	1,437,533
Segment Assets	16,283,251		16,283,251
Operating Segments | Credit & Insurance Segment
Segment Reporting Information [Line Items]
Base Management Fees	407,947	324,148	1,149,811	967,467
Transaction, Advisory and Other Fees, Net	11,164	10,357	31,200	33,800
Management Fee Offsets	(1,062)	(898)	(2,947)	(3,055)
Total Management and Advisory Fees, Net	418,049	333,607	1,178,064	998,212
Fee Related Performance Revenues	185,805	146,710	519,106	409,645
Fee Related Compensation	(181,586)	(145,011)	(532,658)	(471,245)
Other Operating Expenses	(97,756)	(75,227)	(270,680)	(229,235)
Fee Related Earnings	324,512	260,079	893,832	707,377
Realized Performance Revenues	42,926	14,349	149,293	181,874
Realized Performance Compensation	(16,489)	(5,453)	(59,548)	(79,516)
Realized Principal Investment Income	24,239	29,181	31,311	15,753
Total Net Realizations	50,676	38,077	121,056	118,111
Total Segment Distributable Earnings	375,188	298,156	1,014,888	825,488
Segment Assets	8,120,026		8,120,026
Operating Segments | Multi Assets Investing Segment
Segment Reporting Information [Line Items]
Base Management Fees	119,379	116,810	351,020	356,037
Transaction, Advisory and Other Fees, Net	940	964	2,919	3,020
Management Fee Offsets	0	0	(80)	(3)
Total Management and Advisory Fees, Net	120,319	117,774	353,859	359,054
Fee Related Performance Revenues	0	0	0	0
Fee Related Compensation	(37,643)	(43,037)	(113,961)	(127,861)
Other Operating Expenses	(25,668)	(24,406)	(75,233)	(76,108)
Fee Related Earnings	57,008	50,331	164,665	155,085
Realized Performance Revenues	5,078	6,901	42,883	16,615
Realized Performance Compensation	(1,520)	(6,518)	(15,142)	(10,332)
Realized Principal Investment Income	715	2,072	(17,247)	3,700
Total Net Realizations	4,273	2,455	10,494	9,983
Total Segment Distributable Earnings	61,281	$ 52,786	175,159	$ 165,068
Segment Assets	$ 1,762,563		$ 1,762,563

Reconciliation of Total Segment

Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total Revenues		$ 3,663,194	$ 2,541,285	$ 10,147,403	$ 6,737,821
Less: Unrealized Principal Investment (Income) Loss		(1,864)	69,340	427,983	(257,988)
Total Expenses		1,896,096	1,374,905	5,319,209	4,039,560
Total Other Income		42,842	(49,078)	70,009	104,373
Total Other Income		0	0	0	0
Total GAAP Income Before Provision for Taxes		1,809,940	1,117,302	4,898,203	2,802,634
Less: Unrealized Principal Investment (Income) Loss		(1,864)	69,340	427,983	(257,988)
Total Assets		42,575,442		42,575,442		$ 40,287,530
Operating Segments
Segment Reporting Information [Line Items]
Total Revenues	[1]	2,433,907	2,321,831	7,499,776	7,158,565
Total Expenses	[2]	1,033,248	938,363	3,226,419	2,999,550
Total Segment Distributable Earnings		1,400,659	1,383,468	4,273,357	4,159,015
Total Assets		39,363,427		39,363,427
Consolidation Adjustments and Reconciling Items
Segment Reporting Information [Line Items]
Less: Unrealized Performance Revenues	[3]	(1,154,905)	63,209	(1,723,080)	708,146
Less: Unrealized Principal Investment (Income) Loss	[4]	90,254	(84,780)	(314,597)	233,638
Less: Interest and Dividend Revenue	[5]	(109,595)	(113,904)	(312,433)	(362,245)
Less: Other Revenue	[6]	96,329	(63,748)	32,041	(17,850)
Impact of Consolidation	[7]	(151,369)	(20,389)	(329,402)	(139,784)
Transaction-Related and Non-Recurring Items	[8]	(415)	(420)	(1,241)	(3,093)
Less: Unrealized Performance Allocations Compensation	[9]	(465,099)	(11,866)	(747,679)	247,228
Less: Equity-Based Compensation	[10]	(262,798)	(255,616)	(875,973)	(773,505)
Less: Interest Expense	[11]	(111,326)	(110,014)	(327,390)	(321,353)
Impact of Consolidation	[7]	(13,466)	(43,172)	(54,667)	(140,725)
Amortization of Intangibles	[12]	(7,333)	(7,357)	(21,999)	(26,110)
Transaction-Related and Non-Recurring Items	[8]	(21)	(6,670)	(58,006)	(20,192)
Administrative Fee Adjustment	[13]	(3,219)	(2,425)	(8,161)	(7,285)
Less: Unrealized Performance Revenues	[3]	(1,154,905)	63,209	(1,723,080)	708,146
Less: Unrealized Principal Investment (Income) Loss	[4]	90,254	(84,780)	(314,597)	233,638
Less: Interest and Dividend Revenue	[5]	(109,595)	(113,904)	(312,433)	(362,245)
Less: Other Revenue	[6]	96,329	(63,748)	32,041	(17,850)
Plus: Unrealized Performance Allocations Compensation	[9]	465,099	11,866	747,679	(247,228)
Plus: Equity-Based Compensation	[10]	262,798	255,616	875,973	773,505
Plus: Interest Expense	[11]	111,326	110,014	327,390	321,353
Amortization of Intangibles	[12]	7,333	7,357	21,999	26,110
Administrative Fee Adjustment	[13]	3,219	2,425	8,161	7,285
Transaction-Related Charges	[8]	(394)	6,250	56,765	17,099
Segment Adjustment
Segment Reporting Information [Line Items]
Intersegment Eliminations		414	578	1,085	1,932
Intersegment Eliminations		414	578	1,085	1,932
Impact of Consolidation
Segment Reporting Information [Line Items]
Total Other Income	[7]	(42,842)	49,078	(70,009)	(104,373)
Impact of Consolidation	[7]	(180,745)	$ 71,861	(344,744)	$ (103,432)
Total Assets	[7]	$ (3,212,015)		$ (3,212,015)
[1]Total Segment Revenues is comprised of the following:[2]Total Segment Expenses is comprised of the following:[3]This adjustment removes Unrealized Performance Revenues on a segment basis.[4]This adjustment removes Unrealized Principal Investment Income (Loss) on a segment basis.[5]This adjustment removes Interest and Dividend Revenue on a segment basis.[6]This adjustment removes Other Revenue on a segment basis. For the three months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(96.3) million and $63.8 million, and included $(96.7) million and $63.2 million of foreign exchange gains (losses), respectively. For the nine months ended September 30, 2024 and 2023, Other Revenue on a GAAP basis was $(31.9) million and $18.0 million, and included $(32.6) million and $16.4 million of foreign exchange gains (losses), respectively.[7]This adjustment reverses the effect of consolidating Blackstone Funds, which are excluded from Blackstone’s segment presentation. This adjustment includes the elimination of Blackstone’s interest in these funds, the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests.[8]This adjustment removes Transaction-Related 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 nine months ended September 30, 2024, this adjustment includes removal of an accrual for an estimated liability for a legal matter.[9]This adjustment removes Unrealized Performance Allocations Compensation.[10]This adjustment removes Equity-Based Compensation on a segment basis.[11]This adjustment adds back Interest Expense on a segment basis, excluding interest expense related to the tax receivable agreement.[12]This adjustment removes the amortization of transaction-related intangibles, which are excluded from Blackstone’s segment presentation.[13]This adjustment adds an amount equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units. The administrative fee is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation.

Reconciliation of Total Segme_2

Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Parenthetical) (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total Segment Fee Related Performance Revenues		$ 264,101	$ 274,551	$ 736,669	$ 689,533
Total Segment Realized Performance Revenues		606,549	612,491	2,158,347	2,057,422
Total Segment Realized Principal Investment Income		40,403	55,500	66,913	91,730
Total Segment Realized Performance Compensation		243,204	234,052	913,680	863,550
Total Segment Other Operating Expenses		(96,312)	63,769	(31,861)	17,951
Foreign exchange gains (losses)		(96,700)	63,200	(32,600)	16,400
Operating Segments
Segment Reporting Information [Line Items]
Total Segment Management and Advisory Fees, Net		1,786,734	1,653,840	5,274,243	5,009,413
Total Segment Fee Related Performance Revenues		264,101	274,551	736,669	689,533
Total Segment Realized Performance Revenues		342,669	337,940	1,421,951	1,367,889
Total Segment Realized Principal Investment Income		40,403	55,500	66,913	91,730
Total Revenues	[1]	2,433,907	2,321,831	7,499,776	7,158,565
Total Segment Fee Related Compensation		554,855	539,923	1,661,845	1,617,702
Total Segment Realized Performance Compensation		157,570	133,995	661,651	608,389
Total Segment Other Operating Expenses		320,823	264,445	902,923	773,459
Total Expenses	[2]	$ 1,033,248	$ 938,363	$ 3,226,419	$ 2,999,550
[1]Total Segment Revenues is comprised of the following:[2]Total Segment Expenses is comprised of the following:

Reconciliation of Total Segme_3

Reconciliation of Total Segments to Reported on the Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues	[1]	$ (8,160)	$ (1,603)	$ (35,112)	$ (13,715)
Investment Income — Realized Performance Allocations		414,755	453,690	1,598,913	1,602,668
Realized Performance Revenues		264,101	274,551	736,669	689,533
Compensation		732,041	700,268	2,293,491	2,153,570
Incentive Fee Compensation		73,464	65,432	224,310	192,940
Realized Performance Allocations Compensation		169,740	168,620	689,370	670,610
Realized Performance Revenues		606,549	612,491	2,158,347	2,057,422
Segment Adjustment	[2]	221	0	273	0
Total Compensation and Benefits		975,245	934,320	3,207,171	3,017,120
General, Administrative and Other		340,945	279,186	1,022,823	827,614
General, Administrative and Other	[3]	(20,122)	(14,741)	(119,900)	(54,155)
Investment Income — Realized Performance Allocations		414,755	453,690	1,598,913	1,602,668
Realized Performance Revenues		606,549	612,491	2,158,347	2,057,422
Realized Performance Compensation		(243,204)	(234,052)	(913,680)	(863,550)
Investment Income Realized		95,235	94,313	247,877	257,206
Investment Income Realized	[4]	(54,832)	(38,813)	(180,964)	(165,476)
Investment Income Realized		40,403	55,500	66,913	91,730
Segment Adjustment	[5]	(22)	(4,786)	(7,702)	(17,524)
Less: Fee Related Performance Compensation	[6]	(82,101)	(97,369)	(240,261)	(246,183)
Total Segment		243,204	234,052	913,680	863,550
Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		1,794,894	1,655,443	5,309,355	5,023,128
Incentive Fees
Segment Reporting Information [Line Items]
Revenues		191,794	158,801	559,434	454,754
Operating Segments
Segment Reporting Information [Line Items]
Revenues		1,786,734	1,653,840	5,274,243	5,009,413
Realized Performance Revenues		264,101	274,551	736,669	689,533
Realized Performance Revenues		342,669	337,940	1,421,951	1,367,889
Realized Performance Revenues		(264,101)	(274,551)	(736,669)	(689,533)
General, Administrative and Other		320,823	264,445	902,923	773,459
Realized Performance Revenues		342,669	337,940	1,421,951	1,367,889
Less: Realized Performance Revenues		(342,669)	(337,940)	(1,421,951)	(1,367,889)
Realized Performance Compensation		(157,570)	(133,995)	(661,651)	(608,389)
Investment Income Realized		40,403	55,500	66,913	91,730
Less: Equity-Based Compensation — Operating Compensation		(259,265)	(252,928)	(864,205)	(764,527)
Less: Equity-Based Compensation — Performance Compensation		(3,533)	(2,688)	(11,768)	(8,978)
Total Compensation and Benefits		554,855	539,923	1,661,845	1,617,702
Less: Equity-Based Compensation — Performance Compensation		(3,533)	(2,688)	(11,768)	(8,978)
Total Segment		157,570	133,995	661,651	608,389
Operating Segments | Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		$ 1,786,734	$ 1,653,840	$ 5,274,243	$ 5,009,413
[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 nine months ended September 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.