Top P-E execs enjoy bonanza year

|By:, SA News Editor

The nine founders of four of the biggest private-equity firms in the world earned over $2.6B between them last year, more than double what they took home in 2012.

The executives' base pay is relatively low - in the hundreds of thousands - but they earned the huge amounts from dividends and other payouts as soaring markets allowed their firms to make large profits from cashing out their portfolio investments.

Apollo Global Management's (APO) Leon Black earned the most with $546.3M, followed by Blackstone's (BX) Stephen Schwarzman with $465.4M. Carlyle's (CG) David Rubenstein, William Conway and Daniel D'Aniello earned a total of $750M, while at KKR (KKR), cousins Henry Kravis and George Roberts took in a mere $161.4M and $165.5M respectively.