Blackstone (BX) 10-K23 Feb 242023 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2023	Feb. 16, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Trading Symbol	BX
Entity Registrant Name	Blackstone Inc
Entity Central Index Key	0001393818
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
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 Annual Report	true
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Shell Company	false
Entity Voluntary Filers	No
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 Public Float			$ 65.5
ICFR Auditor Attestation Flag	true
Entity Common Stock, Shares Outstanding		714,644,445
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Firm ID	34
Auditor Location	New York
Document Financial Statement Error Correction [Flag]	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and Cash Equivalents	$ 2,955,866	$ 4,252,003
Cash Held by Blackstone Funds and Other	316,197	241,712
Investments	26,146,622	27,553,251
Accounts Receivable	193,365	462,904
Due from Affiliates	$ 4,466,521	$ 4,146,707
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Intangible Assets, Net	$ 201,208	$ 217,287
Goodwill	1,890,202	1,890,202
Other Assets	944,848	800,458
Right-of-Use Assets	841,307	896,981
Deferred Tax Assets	2,331,394	2,062,722
Total Assets	40,287,530	42,524,227
Liabilities and Equity
Loans Payable	11,304,059	12,349,584
Due to Affiliates	$ 2,393,410	$ 2,118,481
Other Liability, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Accrued Compensation and Benefits	$ 5,247,766	$ 6,101,801
Operating Lease Liabilities	989,823	1,021,454
Accounts Payable, Accrued Expenses and Other Liabilities	2,277,258	1,251,840
Total Liabilities	22,212,316	22,843,160
Commitments and Contingencies
Redeemable Non-Controlling Interests in Consolidated Entities	1,179,073	1,715,006
Stockholders' Equity of Blackstone Inc.
Common Stock, $0.00001 par value, 90 billion shares authorized, (719,358,114 shares issued and outstanding as of December 31, 2023; 710,276,923 shares issued and outstanding as of December 31, 2022)	7	7
Additional Paid-in-Capital	6,175,190	5,935,273
Retained Earnings	660,734	1,748,106
Accumulated Other Comprehensive Loss	(19,133)	(27,475)
Total Stockholders' Equity of Blackstone Inc.	6,816,798	7,655,911
Non-Controlling Interests in Consolidated Entities	5,177,255	5,056,480
Non-Controlling Interests in Blackstone Holdings	4,902,088	5,253,670
Total Equity	16,896,141	17,966,061
Total Liabilities and Equity	40,287,530	42,524,227
Series I Preferred Stock [Member]
Stockholders' Equity of Blackstone Inc.
Preferred Stock, Value, Issued	0	0
Series II Preferred Stock [Member]
Stockholders' Equity of Blackstone Inc.
Preferred Stock, Value, Issued	$ 0	$ 0

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets	$ 40,287,530	$ 42,524,227
Liabilities	$ 22,212,316	$ 22,843,160
Common stock par value	$ 0.00001	$ 0.00001
Common shares authorized	90,000,000,000	90,000,000,000
Common shares issued	719,358,114	710,276,923
Common shares outstanding	719,358,114	710,276,923
Preferred shares par value	$ 0.00001
Preferred shares authorized	10,000,000,000
Series I Preferred Stock [Member]
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 [Member]
Preferred shares par value	$ 0.00001
Preferred shares authorized	1,000	1,000
Preferred shares issued	1
Preferred shares outstanding	1	1
Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Assets	$ 4,656,207	$ 5,442,788
Liabilities	1,202,203	1,558,203
Consolidated Blackstone Funds \| Loans Payable \| Variable Interest Entity, Primary Beneficiary
Liabilities	687,122	1,450,000
Investments \| Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Assets	4,319,483	5,136,542
Accounts Receivable \| Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Assets	6,995	55,223
Cash Held by Funds and Other \| Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Assets	316,197	241,712
Due from Affiliates \| Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Assets	12,762	7,152
Other Assets \| Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Assets	770	2,159
Due to Affiliates \| Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Liabilities	123,909	82,345
Accounts Payable, Accrued Expenses and Other Liabilities \| Consolidated Blackstone Funds \| Variable Interest Entity, Primary Beneficiary
Liabilities	$ 391,172	$ 25,858

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Performance Allocations
Realized	$ 2,223,841	$ 5,381,640	$ 5,653,452
Unrealized	(1,691,668)	(3,435,056)	8,675,246
Principal Investments
Realized	303,823	850,327	1,003,822
Unrealized	(603,154)	(1,563,849)	1,456,201
Total Investment Income (Loss)	232,842	1,233,062	16,788,721
Interest and Dividend Revenue	516,497	271,612	160,643
Other	(92,929)	184,557	203,086
Total Revenues	8,022,841	8,517,673	22,577,148
Expenses
Compensation and Benefits Compensation	2,785,447	2,569,780	2,161,973
Incentive Fee Compensation	281,067	207,998	98,112
Performance Allocations Compensation
Realized	900,859	2,225,264	2,311,993
Unrealized	(654,403)	(1,470,588)	3,778,048
Total Compensation and Benefits	3,312,970	3,532,454	8,350,126
General, Administrative and Other	1,117,305	1,092,671	917,847
Interest Expense	431,868	317,225	198,268
Fund Expenses	118,987	30,675	10,376
Total Expenses	4,981,130	4,973,025	9,476,617
Other Income (Loss)
Change in Tax Receivable Agreement Liability	(27,196)	22,283	(2,759)
Net Gains (Losses) from Fund Investment Activities	(56,801)	(105,142)	461,624
Total Other Income (Loss)	(83,997)	(82,859)	458,865
Income Before Provision for Taxes	2,957,714	3,461,789	13,559,396
Provision for Taxes	513,461	472,880	1,184,401
Net Income (Loss)	2,444,253	2,988,909	12,374,995
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	(245,518)	(142,890)	5,740
Net Income Attributable to Non-Controlling Interests in Consolidated Entities	224,155	107,766	1,625,306
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings	1,074,736	1,276,402	4,886,552
Net Income Attributable to Blackstone Inc.	$ 1,390,880	$ 1,747,631	$ 5,857,397
Net Income Per Share of Common Stock
Basic	$ 1.84	$ 2.36	$ 8.14
Diluted	$ 1.84	$ 2.36	$ 8.13
Weighted-Average Shares of Common Stock Outstanding
Basic	755,204,556	740,664,038	719,766,879
Diluted	755,419,936	740,942,399	720,125,043
Management and Advisory Fees, Net
Revenues
Revenues	$ 6,671,260	$ 6,303,315	$ 5,170,707
Incentive Fees
Revenues
Revenues	$ 695,171	$ 525,127	$ 253,991

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Income	$ 2,444,253	$ 2,988,909	$ 12,374,995
Other Comprehensive Income (Loss) - Currency Translation Adjustment	59,698	(32,523)	(5,814)
Comprehensive Income	2,503,951	2,956,386	12,369,181
Comprehensive Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	(199,998)	(163,263)	5,740
Comprehensive Income Attributable to Non-Controlling Interests in Consolidated Entities	224,155	107,766	1,625,306
Comprehensive Income Attributable to Non-Controlling Interests in Blackstone Holdings	1,080,572	1,272,101	4,884,533
Comprehensive Income Attributable to Non-Controlling Interests	1,104,729	1,216,604	6,515,579
Comprehensive Income Attributable to Blackstone Inc.	$ 1,399,222	$ 1,739,782	$ 5,853,602

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity - USD ($) $ in Thousands		Total	Common Units	Common Stock		Additional Paid-in Capital	[1]	Retained Earnings (Deficit)	[1]	Accumulated Other Comprehensive Income (Loss)	[1]	Parent	[1]	Noncontrolling Interest Consolidated Entities	Noncontrolling Interest Blackstone Holdings
Beginning Balance at Dec. 31, 2020		$ 14,525,348		$ 7	[1]	$ 6,332,105		$ 335,762		$ (15,831)		$ 6,652,043		$ 4,042,157	$ 3,831,148
Beginning Balance, Units at Dec. 31, 2020	[1]		683,875,544
Beginning Balance at Dec. 31, 2020		65,161
Net Income (Loss)		12,369,255						5,857,397				5,857,397		1,625,306	4,886,552
Net Income (Loss)		5,740
Currency Translation Adjustment		(5,814)								(3,795)		(3,795)			(2,019)
Capital Contributions		1,291,125												1,280,938	10,187
Capital Distributions		(5,957,515)						(2,545,374)				(2,545,374)		(1,344,754)	(2,067,387)
Capital Distributions		(2,873)
Transfer of Non-Controlling Interests in Consolidated Entities		(2,994)												(2,994)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		58,788				58,788						58,788
Equity-Based Compensation		632,599				369,517						369,517			263,082
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(56,120)				(56,120)						(56,120)			0
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		3,982,712
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(1,216,654)				(1,216,654)						(1,216,654)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(10,268,444)
Change in Blackstone Inc.'s Ownership Interest		(10,494)				10,494						10,494			(10,494)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock						296,597						296,597			(296,597)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		26,749,962
Ending Balance at Dec. 31, 2021		21,638,018		7	[1]	5,794,727		3,647,785		(19,626)		9,422,893		5,600,653	6,614,472
Ending Balance, Units at Dec. 31, 2021	[1]		704,339,774
Ending Balance at Dec. 31, 2021		68,028
Transfer In Due To Consolidation Of Fund Entities		1,146,410
Net Income (Loss)		3,131,799						1,747,631				1,747,631		107,766	1,276,402
Net Income (Loss)		(142,890)
Currency Translation Adjustment		(12,150)								(7,849)		(7,849)			(4,301)
Currency Translation Adjustment		(20,373)
Capital Contributions		555,693
Capital Contributions		749,528												739,660	9,868
Capital Distributions		(7,620,451)						(3,647,310)				(3,647,310)		(1,091,798)	(2,881,343)
Capital Distributions		(180,200)
Transfer of Non-Controlling Interests in Consolidated Entities		(299,801)												(299,801)
Transfer of Non-Controlling Interests in Consolidated Entities		288,338
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		6,690				6,690						6,690
Equity-Based Compensation		838,383				504,738						504,738			333,645
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(73,987)				(73,987)						(73,987)			0
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]		5,407,340
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(391,968)				(391,968)						(391,968)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]		(3,850,000)
Change in Blackstone Inc.'s Ownership Interest		(36,824)				36,824						36,824			(36,824)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock						58,249						58,249			(58,249)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]		4,379,809
Ending Balance at Dec. 31, 2022		17,966,061		$ 7	[1]	5,935,273		1,748,106		(27,475)		7,655,911		5,056,480	5,253,670
Ending Balance, Units at Dec. 31, 2022	[1]		710,276,923	710,276,923
Ending Balance at Dec. 31, 2022		1,715,006
Transfer In Due To Consolidation Of Fund Entities		(53,713)
Net Income (Loss)		2,689,771						1,390,880				1,390,880		224,155	1,074,736
Net Income (Loss)		(245,518)
Currency Translation Adjustment		14,178								8,342		8,342			5,836
Currency Translation Adjustment		45,520
Capital Contributions		150,533
Capital Contributions		581,265												571,559	9,706
Capital Distributions		(4,944,821)						(2,478,252)				(2,478,252)		(666,668)	(1,799,901)
Capital Distributions		(432,755)
Transfer of Non-Controlling Interests in Consolidated Entities		(8,231)				40						40		(8,271)
Deferred Tax Effects Resulting from Acquisition of Ownership Interests from Non-Controlling Interest Holders		2,467				2,467						2,467
Equity-Based Compensation		1,013,475				614,645						614,645			398,830
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock		(66,762)				(66,762)						(66,762)			0
Net Delivery of Vested Blackstone Holdings Partnership Units and Shares of Common Stock, Units	[1]			7,745,355
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units		(351,262)				(351,262)						(351,262)
Repurchase of Shares of Common Stock and Blackstone Holdings Partnership Units, Units	[1]			(3,718,169)
Change in Blackstone Inc.'s Ownership Interest		15,047				(15,047)						(15,047)			15,047
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock						55,836						55,836			(55,836)
Conversion of Blackstone Holdings Partnership Units to Shares of Common Stock, Units	[1]			5,054,005
Ending Balance at Dec. 31, 2023		16,896,141		$ 7	[1]	$ 6,175,190		$ 660,734		$ (19,133)		$ 6,816,798		$ 5,177,255	$ 4,902,088
Ending Balance, Units at Dec. 31, 2023	[1]			719,358,114
Ending Balance at Dec. 31, 2023		$ 1,179,073

[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.

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Equity (Parenthetical)	12 Months Ended
Consolidated Statement of Changes in Equity (Parenthetical)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Series I Preferred Stock [Member]
Conversion Of Stocks	one share outstanding	one share outstanding	one share outstanding
Series II Preferred Stock [Member]
Conversion Of Stocks	one share outstanding		one share outstanding

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Activities
Net Income	$ 2,444,253	$ 2,988,909	$ 12,374,995
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Net Realized Gains on Investments	(2,989,636)	(6,474,051)	(6,949,544)
Changes in Unrealized (Gains) Losses on Investments	683,715	1,828,364	(1,748,824)
Non-Cash Performance Allocations	1,691,668	3,435,055	(8,675,246)
Non-Cash Performance Allocations and Incentive Fee Compensation	473,364	931,288	6,159,529
Equity-Based Compensation Expense	987,549	846,349	637,441
Amortization of Intangibles	40,075	67,097	74,871
Other Non-Cash Amounts Included in Net Income	(835,230)	(1,341,059)	(77,849)
Cash Flows Due to Changes in Operating Assets and Liabilities
Cash Acquired with Consolidation of Fund Entity	0	31,791	0
Cash Relinquished with Deconsolidation of Fund Entities	(113,589)	0	0
Accounts Receivable	237,623	177,832	288,306
Due from Affiliates	331,623	654,290	(1,124,667)
Other Assets	(47,299)	(26,853)	(4,792)
Accrued Compensation and Benefits	(1,071,559)	(2,197,446)	(1,692,562)
Accounts Payable, Accrued Expenses and Other Liabilities	(40,283)	158,019	110,963
Due to Affiliates	85,733	117,219	81,922
Investments Purchased	(5,010,341)	(5,228,723)	(7,439,964)
Cash Proceeds from Sale of Investments	7,189,240	10,368,172	11,971,409
Net Cash Provided by Operating Activities	4,056,906	6,336,253	3,985,988
Investing Activities
Purchase of Furniture, Equipment and Leasehold Improvements	(224,231)	(235,497)	(64,316)
Net Cash Paid for Acquisitions, Net of Cash Acquired	(5,420)	0	0
Net Cash Used in Investing Activities	(229,651)	(235,497)	(64,316)
Financing Activities
Distributions to Non-Controlling Interest Holders in Consolidated Entities	(1,003,715)	(1,271,907)	(1,347,631)
Contributions from Non-Controlling Interest Holders in Consolidated Entities	708,410	1,268,297	1,275,211
Payments Under Tax Receivable Agreement	(64,634)	(46,880)	(51,366)
Net Settlement of Vested Common Stock and Repurchase of Common Stock and Blackstone Holdings Partnership Units	(418,024)	(465,956)	(1,272,774)
Proceeds from Loans Payable	494,975	3,521,544	2,222,544
Repayment and Repurchase of Loans Payable	(502,460)	(280,768)	0
Dividends/Distributions to Stockholders and Unitholders	(4,268,447)	(6,518,785)	(4,602,574)
Net Cash Used in Financing Activities	(5,053,895)	(3,794,455)	(3,776,590)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	4,988	(12,318)	(9,806)
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other
Net Increase (Decrease)	(1,221,652)	2,293,983	135,276
Beginning of Period	4,493,715	2,199,732	2,064,456
End of Period	3,272,063	4,493,715	2,199,732
Supplemental Disclosure of Cash Flows Information
Payments for Interest	400,333	261,886	194,166
Payments for Income Taxes	569,381	683,171	700,690
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Non-Cash Contributions from Non-Controlling Interest Holders	22,049	34,286	11,647
Non-Cash Distributions to Non-Controlling Interest Holders	(105,414)	0	0
Notes Issuance Costs	0	30,240	16,991
Transfer of Interests to Non-Controlling Interest Holders	(8,231)	(11,463)	(2,994)
Change in Blackstone Inc.'s Ownership Interest	(15,047)	36,824	10,494
Net Settlement of Vested Common Stock	681,004	387,332	219,558
Conversion of Blackstone Holdings Units to Common Stock	55,836	58,249	296,597
Acquisition of Ownership Interests from Non-Controlling Interest Holders
Deferred Tax Asset	(117,459)	(120,167)	(807,309)
Due to Affiliates	114,992	113,477	748,521
Equity	$ 2,467	$ 6,690	$ 58,788

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents	$ 2,955,866	$ 4,252,003
Cash Held by Blackstone Funds and Other	316,197	241,712
Cash and Cash Equivalents and Cash Held by Blackstone Funds and Other	$ 3,272,063	$ 4,493,715	$ 2,199,732	$ 2,064,456

Organization

Organization	12 Months Ended
Organization	Dec. 31, 2023
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 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 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	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements of Blackstone have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The 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. Use of Estimates The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that estimates utilized in the preparation of the consolidated financial statements are prudent and reasonable. Such estimates include those used in the valuation of investments and financial instruments, the measurement of deferred tax balances (including valuation allowances) and the accounting for Goodwill and equity-based compensation. Actual results could differ from those estimates and such differences could be material. 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 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 20. “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 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 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 a s of the report • 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 other valuation techniques, including the discounted cash flow method or a market approach. The discounted cash flow method projects the expected cash flows of the debt instrument based on contractual terms, and discounts such cash flows back to the valuation date using a market-based yield. The market-based yield is generally estimated using yields of publicly traded debt instruments issued by companies operating in similar industries as the subject investment or based on changes in credit spreads of a broader benchmark index applicable to a subject investment. 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 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 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 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 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 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 Consolidated Statements of Financial Condition. Strategic Partners’ results presented in Blackstone’s 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. Cash and Cash Equivalents Cash and Cash Equivalents represents cash on hand, cash held in banks, money market funds and liquid investments with original maturities of three months or less. Interest income from cash and cash equivalents is recorded in Interest and Dividend Revenue in the Consolidated Statements of Operations. Cash Held by Blackstone Funds and Other Cash Held by Blackstone Funds and Other represents cash and cash equivalents held by consolidated Blackstone Funds and other consolidated entities. Such amounts are not available to fund the general liquidity needs of Blackstone. Accounts Receivable and Due from Affiliates Accounts Receivable and Due from Affiliates is comprised of management and incentive fees receivable from limited partners, receivables from managed investment vehicles and portfolio companies, placement and advisory fees receivables, receivables relating to unsettled sale transactions and loans extended to affiliates and to unaffiliated third parties. Accounts Receivable, excluding those for which the fair value option has been elected, are assessed periodically for collectability. Amounts determined to be uncollectible are charged directly to General, Administrative and Other Expenses in the Consolidated Statements of Operations. Intangibles and Goodwill Blackstone’s intangible assets consist of contractual rights to earn future fee income, including management and advisory fees, Incentive Fees and Performance Allocations. Identifiable finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives, ranging from three Goodwill Furniture, Equipment and Leasehold Improvements Furniture, equipment and leasehold improvements consist primarily of leasehold improvements, furniture, fixtures and equipment, computer hardware and software and are recorded at cost less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the assets’ estimated useful economic lives, which for leasehold improvements, furniture and fittings and other fixed assets were the lesser of the lease term or the life of the asset, the lesser of seven years or the lease term, or three Foreign Currency In the normal course of business, Blackstone may enter into transactions denominated in currencies other than United States dollars. Foreign exchange gains and losses arising on such transactions are recorded as Other Revenue in the Consolidated Statements of Operations. Foreign currency transaction gains and losses arising within consolidated Blackstone Funds are recorded in Net Gains (Losses) from Fund Investment Activities. In addition, Blackstone consolidates a number of entities that have a non-U.S. dollar functional currency. Non-U.S. dollar denominated assets and liabilities are translated to U.S. dollars at the exchange rate prevailing at the reporting date and income, expenses, gains and losses are translated at the prevailing exchange rate on the dates that they were recorded. Cumulative translation adjustments arising from the translation of non-U.S. dollar denominated operations are recorded in Other Comprehensive Income and allocated to Non-Controlling Interests in Consolidated Entities and Non-Controlling Interests in Blackstone Holdings, as applicable. Comprehensive Income Comprehensive Income consists of Net Income and Other Comprehensive Income. Blackstone’s Other Comprehensive Income is comprised of foreign currency cumulative translation adjustments. Compensation and Benefits Compensation and Benefits Compensation except in the case of (a) equity-based awards that do not require future service, which are expensed immediately, and (b) certain awards to recipients that meet criteria making them eligible for retirement (allowing such recipient to keep a percentage of those awards upon departure from Blackstone after becoming eligible

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Dec. 31, 2023
Goodwill and Intangible Assets	3. Goodwill and Intangible Assets The carrying value of Goodwill was $1.9 billion as of December 31, 2023 and 2022. At December 31, 2023 and 2022, Blackstone determined there was no evidence of Goodwill impairment. At December 31, 2023 and 2022, Goodwill has been allocated to each of Blackstone’s four segments as follows: Real Estate ($421.7 million), Private Equity ($870.0 million), Credit & Insurance ($426.4 million) and Hedge Fund Solutions ($172.1 million). Intangible Assets, Net consists of the following: December 31, 2023 2022 Finite-Lived Intangible Assets/Contractual Rights $ 1,769,372 $ 1,745,376 Accumulated Amortization (1,568,164 ) (1,528,089 ) Intangible Assets, Net $ 201,208 $ 217,287 Changes in Blackstone’s Intangible Assets, Net consists of the following: Year Ended December 31, 2023 2022 2021 Balance, Beginning of Year $ 217,287 $ 284,384 $ 347,955 Amortization Expense (40,075 ) (67,097 ) (74,871 ) Acquisitions 23,996 — 11,300 Balance, End of Year $ 201,208 $ 217,287 $ 284,384 Amortization of Intangible Assets held at December 31, 2023 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 December 31, 2023 are expected to amortize over a weighted-average period of 6.2 years.

Investments

Investments	12 Months Ended
Investments	Dec. 31, 2023
Investments	4. Investments Investments consist of the following: December 31, 2023 2022 Investments of Consolidated Blackstone Funds $ 4,319,483 $ 5,136,966 Equity Method Investments Partnership Investments 5,924,275 5,530,419 Accrued Performance Allocations 10,775,355 12,360,684 Corporate Treasury Investments 803,870 1,053,540 Other Investments 4,323,639 3,471,642 $ 26,146,622 $ 27,553,251 Blackstone’s share of Investments of Consolidated Blackstone Funds totaled $1.0 billion and $393.9 million at December 31, 2023 and December 31, 2022, 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 discus 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 Consolidated Statements of Operations: Year Ended December 31, 2023 2022 2021 Realized Gains (Losses) $ (42,756 ) $ 99,457 $ 145,305 Net Change in Unrealized Gains (Losses) (80,416 ) (264,204 ) 289,938 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds (123,172 ) (164,747 ) 435,243 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 66,371 59,605 26,381 Other Income (Loss) — Net Gains (Losses) from Fund Investment Activities $ (56,801 ) $ (105,142 ) $ 461,624 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 years ended December 31, 2023, 2022 and 2021, no individual equity method investment held by Blackstone met the significance criteria. Partnership Investments Blackstone recognized net gains related to its Partnership Investments accounted for under the equity method of $245.8 million, $292.1 million and $1.9 billion for the years ended December 31, 2023, 2022 and 2021, respectively. The summarized financial information of Blackstone’s equity method investments for December 31, 2023 are as follows: December 31, 2023 and the Year Then Ended Real Private Credit & Hedge Fund Total Statement of Financial Condition Assets Investments $ 283,919,193 $ 188,647,324 $ 91,574,839 $ 38,818,152 $ 602,959,508 Other Assets 12,496,703 5,179,667 4,995,562 4,689,405 27,361,337 Total Assets $ 296,415,896 $ 193,826,991 $ 96,570,401 $ 43,507,557 $ 630,320,845 Liabilities and Equity Debt $ 113,462,431 $ 21,920,796 $ 37,327,026 $ 464,138 $ 173,174,391 Other Liabilities 7,365,824 2,126,739 4,008,215 3,809,685 17,310,463 Total Liabilities 120,828,255 24,047,535 41,335,241 4,273,823 190,484,854 Equity 175,587,641 169,779,456 55,235,160 39,233,734 439,835,991 Total Liabilities and Equity $ 296,415,896 $ 193,826,991 $ 96,570,401 $ 43,507,557 $ 630,320,845 Statement of Operations Interest Income $ 4,673,775 $ 1,773,062 $ 8,890,426 $ 27,904 $ 15,365,167 Other Income 10,786,480 531,842 324,061 981,839 12,624,222 Interest Expense (6,614,272 ) (1,303,673 ) (2,583,654 ) (42,721 ) (10,544,320 ) Other Expenses (11,705,874 ) (2,040,168 ) (1,691,066 ) (864,941 ) (16,302,049 ) Net Realized and Unrealized Gain (Loss) from Investments (7,330,220 ) 12,458,943 1,124,916 3,076,084 9,329,723 Net Income $ (10,190,111 ) $ 11,420,006 $ 6,064,683 $ 3,178,165 $ 10,472,743 The summarized financial information of Blackstone’s equity method investments for December 31, 2022 are as follows: December 31, 2022 and the Year Then Ended Real Private Credit & Hedge Fund Total Statement of Financial Condition Assets Investments $ 295,985,447 $ 182,732,362 $ 87,362,311 $ 38,209,892 $ 604,290,012 Other Assets 13,601,083 3,194,088 6,345,260 4,079,065 27,219,496 Total Assets $ 309,586,530 $ 185,926,450 $ 93,707,571 $ 42,288,957 $ 631,509,508 Liabilities and Equity Debt $ 118,075,949 $ 22,779,131 $ 39,049,599 $ 662,805 $ 180,567,484 Other Liabilities 7,735,780 1,310,998 5,644,625 2,092,757 16,784,160 Total Liabilities 125,811,729 24,090,129 44,694,224 2,755,562 197,351,644 Equity 183,774,801 161,836,321 49,013,347 39,533,395 434,157,864 Total Liabilities and Equity $ 309,586,530 $ 185,926,450 $ 93,707,571 $ 42,288,957 $ 631,509,508 Statement of Operations Interest Income $ 2,917,115 $ 2,012,916 $ 5,764,150 $ 16,069 $ 10,710,250 Other Income 9,432,802 824,779 690,193 286,444 11,234,218 Interest Expense (3,644,118 ) (722,626 ) (1,450,447 ) (41,522 ) (5,858,713 ) Other Expenses (11,089,520 ) (2,132,320 ) (1,303,902 ) (255,459 ) (14,781,201 ) Net Realized and Unrealized Gain (Losses) from Investments 7,807,056 2,146,281 (1,330,895 ) 483,946 9,106,388 Net Income $ 5,423,335 $ 2,129,030 $ 2,369,099 $ 489,478 $ 10,410,942 The summarized financial information of Blackstone’s equity method investments for December 31, 2021 are as follows: December 31, 2021 and the Year Then Ended Real Private Credit & Hedge Fund Total Statement of Financial Condition Assets Investments $ 241,808,879 $ 175,726,829 $ 68,426,090 $ 39,691,668 $ 525,653,466 Other Assets 13,463,009 5,776,462 5,412,041 3,020,159 27,671,671 Total Assets $ 255,271,888 $ 181,503,291 $ 73,838,131 $ 42,711,827 $ 553,325,137 Liabilities and Equity Debt $ 76,760,932 $ 20,434,354 $ 30,792,984 $ 1,243,453 $ 129,231,723 Other Liabilities 6,999,032 2,153,071 3,159,548 3,084,558 15,396,209 Total Liabilities 83,759,964 22,587,425 33,952,532 4,328,011 144,627,932 Equity 171,511,924 158,915,866 39,885,599 38,383,816 408,697,205 Total Liabilities and Equity $ 255,271,888 $ 181,503,291 $ 73,838,131 $ 42,711,827 $ 553,325,137 Statement of Operations Interest Income $ 1,422,743 $ 1,640,402 $ 2,584,486 $ 3,563 $ 5,651,194 Other Income 6,115,960 318,485 306,490 315,894 7,056,829 Interest Expense (1,475,065 ) (331,350 ) (427,459 ) (30,073 ) (2,263,947 ) Other Expenses (6,847,739 ) (1,666,930 ) (828,689 ) (282,474 ) (9,625,832 ) Net Realized and Unrealized Gain from Investments 31,078,396 43,895,781 3,562,579 4,605,235 83,141,991 Net Income (Loss) $ 30,294,295 $ 43,856,388 $ 5,197,407 $ 4,612,145 $ 83,960,235 Accrued Performance Allocations Accrued Performance Allocations to Blackstone were as follows: Real Estate Private Equity Credit & Hedge Fund Total Accrued Performance Allocations, December 31, 2022 $ 5,334,117 $ 6,037,575 $ 569,898 $ 419,094 $ 12,360,684 Performance Allocations as a Result of Changes in Fund Fair Values (1,582,400 ) 1,753,730 278,655 173,502 623,487 Foreign Exchange Gain 9,069 — — — 9,069 Fund Distributions (770,184 ) (1,084,061 ) (248,774 ) (114,866 ) (2,217,885 ) Accrued Performance Allocations, December 31, 2023 $ 2,990,602 $ 6,707,244 $ 599,779 $ 477,730 $ 10,775,355 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: Year Ended December 31, 2023 2022 2021 Realized Gains (Losses) $ (4,881 ) $ (21,511 ) $ 741 Net Change in Unrealized Gains (Losses) 17,392 (57,426 ) 39,549 $ 12,511 $ (78,937 ) $ 40,290 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 securities carried at fair value include the ownership of common stock of Corebridge Financial, Inc., formerly known as American International Group, Inc.’s Life and Retirement business (“Corebridge”). Such common stock is subject to certain phased lock-up restrictions that expire over time through five years after the initial public offering (“IPO”) of Corebridge. Equity investments without a readily determinable fair value had a carrying value of $333.3 million as of December 31, 2023. 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. Upward and downward adjustments related to such investments held as of December 31, 2023 were $4.3 million and $62.3 million, respectively, during the year ended December 31, 2023, and $184.6 million and $6.2 million on a cumulative basis since the inception of the investments, respectively. The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments: Year Ended December 31, 2023 2022 2021 Realized Gains (Losses) $ (19,346 ) $ 203,327 $ 163,199 Net Change in Unrealized Gains (Losses) (47,017 ) (1,128,244 ) 340,867 $ (66,363 ) $ (924,917 ) $ 504,066

Net Asset Value as Fair Value

Net Asset Value as Fair Value	12 Months Ended
Net Asset Value as Fair Value	Dec. 31, 2023
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 December 31, 2023 is presented below: Strategy (a) Fair Value Redemption Redemption Equity $ 445,626 (b) (b) Real Estate 112,633 (c) (c) Other 7,275 (d) (d) $ 565,534 (a) As of December 31, 2023, 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 40% 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 60% 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	12 Months Ended
Derivative Financial Instruments	Dec. 31, 2023
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. 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. December 31, 2023 December 31, 2022 Assets Liabilities Assets Liabilities Notional Fair Value Notional Fair Notional Fair Notional Fair Freestanding Derivatives Blackstone Interest Rate Contracts $ 634,840 $ 145,798 $ 607,000 $ 86,589 $ 789,540 $ 188,043 $ 621,700 $ 83,331 Foreign Currency Contracts 387,102 11,442 334,228 3,538 541,238 8,040 190,774 3,542 Credit Default Swaps 3,108 479 3,748 508 2,007 384 8,768 1,309 Total Return Swaps 63,158 13,171 — — 42,233 6,210 — — Equity Options — — 1,110,490 563,986 — — 996,592 48,581 1,088,208 170,890 2,055,466 654,621 1,375,018 202,677 1,817,834 136,763 Investments of Consolidated Blackstone Funds Interest Rate Contracts 855,683 19,189 — — 931,752 74,926 — — Foreign Currency Contracts — — — — — — 5,133 284 855,683 19,189 — — 931,752 74,926 5,133 284 $ 1,943,891 $ 190,079 $ 2,055,466 $ 654,621 $ 2,306,770 $ 277,603 $ 1,822,967 $ 137,047 The table below summarizes the impact to the Consolidated Statements of Operations from derivative financial instruments: Year Ended December 31, 2023 2022 2021 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts $ 24,291 $ 15,319 $ 1,727 Foreign Currency Contracts 443 (8,520 ) (1,152 ) Credit Default Swaps (413 ) (231 ) (1,488 ) Total Return Swaps 15,775 1,654 (1,254 ) Other — — (40 ) 40,096 8,222 (2,207 ) Net Change in Unrealized Gains (Losses) Interest Rate Contracts (87,177 ) 167,706 89,702 Foreign Currency Contracts 3,288 9,666 608 Credit Default Swaps 363 73 1,112 Total Return Swaps 6,381 5,290 2,130 Equity Options (515,405 ) (48,581 ) — Other — — (20 ) (592,550 ) 134,154 93,532 $ (552,454 ) $ 142,376 $ 91,325 1 8 8 As of December 31, 2023, 2022 and 2021, Blackstone had not designated any derivatives as fair value, cash flow or net investment hedges.

Fair Value Option

Fair Value Option	12 Months Ended
Fair Value Option	Dec. 31, 2023
Fair Value Option	7. Fair Value Option The following table summarizes the financial instruments for which the fair value option has been elected: December 31, 2023 2022 Assets Loans and Receivables $ 60,738 $ 315,039 Equity and Preferred Securities 2,894,302 1,868,192 Debt Securities 63,486 24,784 Assets of Consolidated CLO Vehicles Corporate Loans 938,801 — $ 3,957,327 $ 2,208,015 Liabilities CLO Notes Payable $ 687,122 $ — Corporate Treasury Commitments 1,264 8,144 $ 688,386 $ 8,144 The following table presents the Realized and Net Change in Unrealized Gains (Losses) on financial instruments on which the fair value option was elected: Year Ended December 31, 2023 2022 2021 Net Change Net Change Net Change Realized in Unrealized Realized in Unrealized Realized in Unrealized Gains Gains Gains Gains Gains Gains (Losses) (Losses) (Losses) (Losses) (Losses) (Losses) Assets Loans and Receivables $ (8,053 ) $ 4,886 $ (10,733 ) $ (464 ) $ (11,661 ) $ 3,481 Equity and Preferred Securities (1,439 ) (122,605 ) 22,285 (91,338 ) 42,791 53,157 Debt Securities — (3,884 ) (22,240 ) (19,490 ) 14,399 (14,210 ) Assets of Consolidated CLO Vehicles Corporate Loans (6,063 ) 8,728 — — — — $ (15,555 ) $ (112,875 ) $ (10,688 ) $ (111,292 ) $ 45,529 $ 42,428 Liabilities CLO Notes Payable $ — $ 282 $ — $ — $ — $ — Corporate Treasury Commitments — 6,880 — (7,508 ) — (383 ) $ — $ 7,162 $ — $ (7,508 ) $ — $ (383 ) The following table presents information for those financial instruments for which the fair value option was elected: December 31, 2023 December 31, 2022 For Financial Assets Past Due (a) For Financial Assets Excess Excess Excess Excess (Deficiency) (Deficiency) (Deficiency) (Deficiency) of Fair Value Fair of Fair Value of Fair Value Fair of Fair Value Over Principal Value Over Principal Over Principal Value Over Principal Loans and Receivables $ 675 $ — $ — $ (2,861 ) $ — $ — Debt Securities (52,577 ) — — (48,670 ) — — Assets of Consolidated CLO Vehicles Corporate Loans (8,751 ) 1,345 — — — — $ (60,653 ) $ 1,345 $ — $ (51,531 ) $ — $ — (a) Assets are classified as past due if contractual payments are more than 90 days past due. As of December 31, 2023 and 2022, no Loans and Receivables for which the fair value option was elected were past due or in non-accrual status. As of December 31, 2023, 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. As of December 31, 2022, no Corporate Loans included within the Assets of Consolidated CLO Vehicles for which the fair value option was elected were past due or in non-accrual status

Fair Value Measurements of Fina

Fair Value Measurements of Financial Instruments	12 Months Ended
Fair Value Measurements of Financial Instruments	Dec. 31, 2023
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: December 31, 202 3 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 December 31, 2022 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 1,134,733 $ — $ — $ — $ 1,134,733 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 12,024 149,689 4,195,859 596,708 4,954,280 Debt Instruments — 53,787 53,973 — 107,760 Freestanding Derivatives — 74,926 — — 74,926 Total Investments of Consolidated Blackstone Funds 12,024 278,402 4,249,832 596,708 5,136,966 Corporate Treasury Investments 116,266 931,406 5,868 — 1,053,540 Other Investments 1,473,611 1,597,696 51,155 5,985 3,128,447 Total Investments 1,601,901 2,807,504 4,306,855 602,693 9,318,953 Accounts Receivable — Loans and Receivables — — 315,039 — 315,039 Other Assets — Freestanding Derivatives 279 196,188 6,210 — 202,677 $ 2,736,913 $ 3,003,692 $ 4,628,104 $ 602,693 $ 10,971,402 Liabilities Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds — Freestanding Derivatives $ — $ 284 $ — $ — $ 284 Freestanding Derivatives 21 88,161 48,581 — 136,763 Corporate Treasury Commitments — — 8,144 — 8,144 Securities Sold, Not Yet Purchased 3,825 — — — 3,825 Total Accounts Payable, Accrued Expenses and Other Liabilities 3,846 88,445 56,725 — 149,016 $ 3,846 $ 88,445 $ 56,725 $ — $ 149,016 LLC Limited Liability Company. (a) Equity Securities, Partnership and LLC Interest includes investments in investment funds. 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. Consistent with presentation in these Notes to Consolidated Financial Statements, this table presents the Level III Investments only of Consolidated Blackstone Funds and therefore does not reflect any other Blackstone Funds. Impact to Valuation from an Valuation Unobservable Weighted- Increase Fair Value Techniques Inputs Ranges Average (a) in Input 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 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, 2022: Impact to Valuation from an Valuation Unobservable Weighted- Increase Fair Value Techniques Inputs Ranges Average (a) in Input Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests $ 4,195,859 Discounted Cash Flows Discount Rate 4.1% - 34.5% 8.8% Lower Exit Multiple - EBITDA 4.0x - 30.6x 14.7x Higher Exit Capitalization Rate 2.6% - 14.4% 4.7% Lower Transaction Price n/a Debt Instruments 53,973 Transaction Price n/a Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 4,249,832 Corporate Treasury Investments 5,868 Third Party Pricing n/a Loans and Receivables 315,039 Discounted Cash Flows Discount Rate 7.6% - 11.5% 9.8% Lower Other Investments (b) 57,365 Transaction Price n/a Third Party Pricing n/a $ 4,628,104 Financial Liabilities Freestanding Derivatives (c) $ 48,581 Option Pricing Model Volatility 6.1% n/a Higher Other Liabilities (d) 8,144 Third Party Pricing n/a $ 56,725 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 December 31, 2023 and 2022, 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 December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments. As of December 31, 2022, Other Liabilities is comprised only of Level III Corporate Treasury Commitments. During the year ended December 31, 2023, 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 (Losses) from Fund Investment Activities in the Consolidated Statements of Operations. Level III Financial Assets at Fair Value Year Ended December 31, 2023 2022 Investments of Loans and Receivables Other Total Investments of Loans and Receivables Other Total Balance, Beginning of Period $ 4,249,832 $ 315,039 $ 30,971 $ 4,595,842 $ 1,200,315 $ 392,732 $ 43,987 $ 1,637,034 Transfer In Due to Consolidation and Acquisition — — — — 2,985,171 — — 2,985,171 Transfer Out Due to Deconsolidation (1,453,837 ) — — (1,453,837 ) — — — — Transfer In to Level III (b) 28,190 — 898 29,088 2,040 — 2,517 4,557 Transfer Out of Level III (b) (18,197 ) — (3,374 ) (21,571 ) (76,621 ) — (19,597 ) (96,218 ) Purchases 294,789 284,002 354,202 932,993 636,338 805,375 14,524 1,456,237 Sales (289,721 ) (563,732 ) (14,542 ) (867,995 ) (428,379 ) (882,668 ) (3,797 ) (1,314,844 ) Issuances — 68,450 — 68,450 — 39,514 — 39,514 Settlements (c) — (70,419 ) (8,252 ) (78,671 ) — (55,308 ) (4,433 ) (59,741 ) Changes in Gains (Losses) Included in Earnings (127,425 ) 27,398 13,121 (86,906 ) (69,032 ) 15,394 (2,230 ) (55,868 ) Balance, End of Period $ 2,683,631 $ 60,738 $ 373,024 $ 3,117,393 $ 4,249,832 $ 315,039 $ 30,971 $ 4,595,842 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (94,828 ) $ 2,227 $ 7,725 $ (84,876 ) $ (136,037 ) $ (13,384 ) $ (11,271 ) $ (160,692 ) Level III Financial Liabilities at Fair Value Year Ended December 31, 2023 2022 Freestanding Other Total Freestanding Other Total Balance, Beginning of Period $ 48,581 $ 8,144 $ 56,725 $ — $ 636 $ 636 Transfer In Due to Consolidation and Acquisition — 800 800 — — — Sales — (413 ) (413 ) — — — Changes in Losses (Gains) Included in Earnings 515,405 (6,880 ) 508,525 48,581 7,508 56,089 Balance, End of Period $ 563,986 $ 1,651 $ 565,637 $ 48,581 $ 8,144 $ 56,725 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date $ 515,405 $ (6,880 ) $ 508,525 $ 48,581 $ 7,508 $ 56,089 (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. (d) As of December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments. As of December 31, 2022, Other Liabilities is comprised only of Level III Corporate Treasury Commitments.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
Variable Interest Entities	Dec. 31, 2023
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: December 31, December 31, Investments $ 3,751,591 $ 3,326,669 Due from Affiliates 203,187 189,240 Potential Clawback Obligation 72,119 384,926 Maximum Exposure to Loss $ 4,026,897 $ 3,900,835 Amounts Due to Non-Consolidated VIEs $ 223 $ 6

Repurchase Agreements

Repurchase Agreements	12 Months Ended
Repurchase Agreements	Dec. 31, 2023
Repurchase Agreements	10. Repurchase Agreements At December 31, 2023, Blackstone had no Repurchase Agreements and hence no pledged securities or cash. At December 31, 2022, Blackstone pledged securities with a carrying value of $89.9 million and cash to collateralize its repurchase agreements. Such securities can be repledged, delivered or otherwise used by the counterparty. The following table provides information regarding Blackstone’s Repurchase Agreements obligation by type of collateral pledged as of December 31, 2022. At December 31, 2023, Blackstone had no Repurchase Agreements and hence no collateral outstanding. December 31, 2022 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 - 90 Greater than Total Repurchase Agreements Loans — 70,776 — 19,168 89,944 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 12. “Offsetting of Assets and Liabilities” $ 89,944 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 12. “Offsetting of Assets and Liabilities” $ —

Other Assets

Other Assets	12 Months Ended
Other Assets	Dec. 31, 2023
Other Assets	11. Other Assets Other Assets consists of the following: December 31, 2023 2022 Furniture, Equipment and Leasehold Improvements $ 937,355 $ 748,334 Less: Accumulated Depreciation (394,602 ) (336,621 ) Furniture, Equipment and Leasehold Improvements, Net 542,753 411,713 Prepaid Expenses 207,886 165,079 Freestanding Derivatives 170,890 202,677 Other 23,319 20,989 $ 944,848 $ 800,458 Depreciation expense of $94.1 million, $69.2 million and $52.2 million related to furniture, equipment and leasehold improvements for the years ended December 31, 2023, 2022 and 2021, respectively, is included in General, Administrative and Other in the Consolidated Statements of Operations.

Offsetting of Assets And Liabil

Offsetting of Assets And Liabilities	12 Months Ended
Offsetting of Assets And Liabilities	Dec. 31, 2023
Offsetting of Assets and Liabilities	12. Offsetting of Assets and Liabilities The following tables present the offsetting of assets and liabilities as of December 31, 2023 and 2022: December 31, 2023 Gross and Net Amounts of Assets Gross Amounts Not Offset in the Statement of Financial Condition Financial Cash Collateral Net Assets Freestanding Derivatives $ 190,079 $ 107,330 $ 49,532 $ 33,217 December 31, 2023 Gross and Net Financial Condition Gross Amounts Not Offset in the Statement of Financial Condition Financial Cash Collateral Net Liabilities Freestanding Derivatives $ 90,635 $ 87,777 $ 625 $ 2,233 December 31, 2022 Gross and Net Gross Amounts Not Offset in the Statement of Financial Condition Financial Cash Collateral Net Assets Freestanding Derivatives $ 277,603 $ 165,897 $ 96,436 $ 15,270 December 31, 2022 Gross and Net Financial Condition Gross Amounts Not Offset in the Statement of Financial Condition Net Financial Cash Collateral Liabilities Freestanding Derivatives $ 88,182 $ 85,366 $ 1,345 $ 1,471 Repurchase Agreements 89,944 89,944 — — $ 178,126 $ 175,310 $ 1,345 $ 1,471 (a) Amounts presented are inclusive of both legally enforceable master netting agreements, and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net balance sheet exposure. Repurchase Agreements and Freestanding Derivative liabilities are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Consolidated Statements of Financial Condition. See Note 11. “Other Assets” for the components of Other Assets. 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 December 31, 2023, the aggregate cash balance on deposit relating to the cash pooling arrangements was $870.4 million, which was offset and reported net of the accompanying overdraft of $870.4 million.

Borrowings

Borrowings	12 Months Ended
Borrowings	Dec. 31, 2023
Borrowings	13. Borrowings On December 15, 2023, Blackstone, through its indirect subsidiary Blackstone Holdings Finance Co. L.L.C (the “Issuer”), entered into an amended and restated $4.325 billion revolving credit facility with Citibank, N.A., as administrative agent, and the lenders party thereto. The amendment and restatement, among other things, increased the amount of available borrowings from $4.135 billion to $ 4.325 All of Blackstone’s outstanding senior notes as of December 31, 2023 are unsecured and unsubordinated obligations of the Issuer that are fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. (the “Guarantors”). The guarantees are unsecured and unsubordinated obligations of the Guarantors. Transaction costs related to senior note issuances have been capitalized and are amortized over the life of each respective note. Blackstone borrows and enters into credit agreements for its general operating and investment purposes and certain Blackstone Funds borrow to meet financing needs of their operating and investing activities. Borrowing facilities have been established for the benefit of selected Blackstone Funds. When a Blackstone Fund borrows from the facility in which it participates, the proceeds from the borrowing are strictly limited for its intended use by the borrowing fund and not available for other Blackstone purposes. Blackstone’s credit facilities consist of the following: December 31, 2023 2022 Credit Borrowing Effective Credit Borrowing Effective Revolving Credit Facility (a) $ 4,325,000 $ — - $ 4,135,000 $ — - Blackstone Issued Senior Notes (b) 4.750%, Due 2/15/2023 — — - 400,000 400,000 5.07 % 2.000%, Due 5/19/2025 331,170 331,170 2.16 % 321,150 321,150 2.19 % 1.000%, Due 10/5/2026 662,340 662,340 1.16 % 642,300 642,300 1.16 % 3.150%, Due 10/2/2027 300,000 300,000 3.30 % 300,000 300,000 3.29 % 5.900%, Due 11/3/2027 600,000 600,000 6.13 % 600,000 600,000 6.19 % 1.625%, Due 8/5/2028 650,000 650,000 1.79 % 650,000 650,000 1.83 % 1.500%, Due 4/10/2029 662,340 662,340 1.60 % 642,300 642,300 1.61 % 2.500%, Due 1/10/2030 500,000 500,000 2.73 % 500,000 500,000 2.73 % 1.600%, Due 3/30/2031 500,000 500,000 1.71 % 500,000 500,000 1.70 % 2.000%, Due 1/30/2032 800,000 800,000 2.18 % 800,000 800,000 2.18 % 2.550%, Due 3/30/2032 500,000 500,000 2.67 % 500,000 500,000 2.66 % 6.200%, Due 4/22/2033 900,000 900,000 6.33 % 900,000 900,000 6.40 % 3.500%, Due 6/1/2034 551,950 551,950 3.90 % 535,250 535,250 3.79 % 6.250%, Due 8/15/2042 250,000 250,000 6.65 % 250,000 250,000 6.65 % 5.000%, Due 6/15/2044 500,000 500,000 5.16 % 500,000 500,000 5.16 % 4.450%, Due 7/15/2045 350,000 350,000 4.56 % 350,000 350,000 4.56 % 4.000%, Due 10/2/2047 300,000 300,000 4.20 % 300,000 300,000 4.20 % 3.500%, Due 9/10/2049 400,000 400,000 3.61 % 400,000 400,000 3.61 % 2.800%, Due 9/30/2050 400,000 400,000 2.88 % 400,000 400,000 2.88 % 2.850%, Due 8/5/2051 550,000 550,000 2.91 % 550,000 550,000 2.92 % 3.200%, Due 1/30/2052 1,000,000 1,000,000 3.27 % 1,000,000 1,000,000 3.26 % 15,032,800 10,707,800 15,176,000 11,041,000 Other (c) Secured Borrowing, Due 10/27/2033 19,949 19,949 7.69 % — — - Secured Borrowing, Due 1/29/2035 20,000 20,000 3.72 % — — - 15,072,749 10,747,749 15,176,000 11,041,000 Borrowings of Consolidated Blackstone Funds Blackstone Fund Facilities (d) — — - 1,450,000 1,450,000 - CLO Notes Payable (e) 858,133 858,133 7.57 % — — - 858,133 858,133 1,450,000 1,450,000 $ 15,930,882 $ 11,605,882 $ 16,626,000 $ 12,491,000 (a) Represents the Credit Facility of Blackstone, through the Issuer. Interest on the borrowings is based on an adjusted Secured Overnight Finance Rate (“SOFR”) or alternate base rate, in each case plus a margin, and undrawn commitments bear a commitment fee of 0.06%. The margin above adjusted SOFR used to calculate interest on borrowings was 0.75% plus an additional credit spread adjustment of 0.10% to account for the difference between London Interbank Offered Rate (“LIBOR”) and SOFR. The margin is subject to change based on Blackstone’s credit rating. Borrowings may also be made in U.K. sterling, euros, Swiss francs, Japanese yen or Canadian dollars, in each case subject to certain sub-limits. The Credit Facility contains customary representations, covenants and events of default. Financial covenants consist of a maximum net leverage ratio and a requirement to keep a minimum amount of fee-earning assets under management, each tested quarterly. As of December 31, 2023 and 2022, Blackstone had outstanding but undrawn letters of credit against the Credit Facility of $40.3 million and $11.2 million, respectively. The amount Blackstone can draw from the Credit Facility is reduced by the undrawn letters of credit, however the Credit Available presented herein is not reduced by the undrawn letters of credit. (b) The Issuer has issued long-term borrowings in the form of senior notes (the “Notes”). The Notes are unsecured and unsubordinated obligations of the Issuer. The Notes are fully and unconditionally guaranteed, jointly and severally, by Blackstone, the Guarantors and the Issuer. The guarantees are unsecured and unsubordinated obligations of the Guarantors. Transaction costs related to the issuance of the Notes have been deducted from the Note liability and are being amortized over the life of the Notes. The indentures include covenants, including limitations on the Issuer’s and the Guarantors’ ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or lease assets. The indentures also provide for events of default and further provide that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the Notes and any accrued and unpaid interest on the Notes automatically become due and payable. All or a portion of the Notes may be redeemed at the Issuer’s option in whole or in part, at any time and from time to time, prior to their stated maturity, at the make-whole redemption price set forth in the Notes. If a change of control repurchase event occurs, the holders of the Notes may require the Issuer to repurchase the Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to, but not including, the date of repurchase. (c) 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 December 31, 2023, the fair value of the assets securing both Secured Borrowings equaled $49.0 million. (d) Represents borrowing facilities for the various consolidated Blackstone Funds used to meet liquidity and investing needs. Certain borrowings under these facilities were used for bridge financing and general liquidity purposes. Other borrowings were used to finance the purchase of investments with the borrowing remaining in place until the disposition or refinancing event. Such borrowings have varying maturities and may be rolled over until the disposition or refinancing event. Because the timing of such events is unknown and may occur in the near term, these borrowings are considered short-term in nature. Borrowings bear interest at spreads to market rates or at stated fixed rates that can vary over the borrowing term. Interest may be subject to the performance of the asset and therefore, the stated interest rate and effective interest rate may differ. Borrowings were secured according to the terms of each facility and are generally secured by the investment purchased with the proceeds of the borrowing and/or the uncalled capital commitment of each respective fund. Certain facilities have commitment fees. When a fund borrows, the proceeds are available only for use by that fund and are not available for the benefit of other funds. Collateral within each fund is also available only against the borrowings by that fund and not against the borrowings of other funds. These funds have been deconsolidated as of December 31, 2023. (e) CLO Notes Payable have maturity dates ranging from June 2025 to January 2037. 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. The following table presents the general characteristics of each of Blackstone’s notes, as well as their carrying value and fair value. The borrowings are included in Loans Payable within the 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 December 31, 2023 2022 Description Carrying Value Fair Value Carrying Value Fair Value Blackstone Operating Borrowings Senior Notes (a) 4.750%, Due 2/15/2023 $ — $ — $ 399,838 $ 399,776 2.000%, Due 5/19/2025 336,005 324,778 325,292 305,754 1.000%, Due 10/5/2026 664,085 620,864 642,968 568,525 3.150%, Due 10/2/2027 298,476 283,059 298,101 271,284 5.900%, Due 11/3/2027 595,411 625,158 594,381 606,450 1.625%, Due 8/5/2028 645,406 566,508 644,456 530,933 1.500%, Due 4/10/2029 666,655 601,272 645,819 532,043 2.500%, Due 1/10/2030 493,573 431,005 492,604 405,965 1.600%, Due 3/30/2031 496,447 391,955 495,990 365,380 2.000%, Due 1/30/2032 789,283 633,153 788,082 589,407 2.550%, Due 3/30/2032 495,670 410,755 495,207 390,370 6.200%, Due 4/22/2033 891,899 962,037 891,277 907,965 3.500%, Due 6/1/2034 521,549 536,319 504,695 452,934 6.250%, Due 8/15/2042 239,457 263,270 239,176 251,480 5.000%, Due 6/15/2044 489,975 464,560 489,704 441,355 4.450%, Due 7/15/2045 344,691 297,486 344,549 287,242 4.000%, Due 10/2/2047 291,149 233,685 290,935 227,946 3.500%, Due 9/10/2049 392,436 294,608 392,259 275,588 2.800%, Due 9/30/2050 394,103 252,008 393,958 237,552 2.850%, Due 8/5/2051 543,317 352,457 543,162 323,527 3.200%, Due 1/30/2052 987,401 696,740 987,131 646,880 10,576,988 9,241,677 10,899,584 9,018,356 Other Secured Borrowing, Due 10/27/2033 19,949 19,949 — — Secured Borrowing, Due 1/29/2035 20,000 20,000 — — 10,616,937 9,281,626 10,899,584 9,018,356 Borrowings of Consolidated Blackstone Funds Blackstone Fund Facilities — — 1,450,000 1,450,000 CLO Notes Payable 687,122 687,122 — — 687,122 687,122 1,450,000 1,450,000 $ 11,304,059 $ 9,968,748 $ 12,349,584 $ 10,468,356 (a) Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy. Scheduled principal payments for borrowings at December 31, 2023 were as follows: Blackstone Borrowings of Total 2024 $ 17 $ — $ 17 2025 339,393 — 339,393 2026 668,387 — 668,387 2027 911,572 — 911,572 2028 664,090 — 664,090 Thereafter 8,164,290 858,133 9,022,423 $ 10,747,749 $ 858,133 $ 11,605,882

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2023
Leases	14. Leases Blackstone enters into non-cancelable lease and sublease agreements primarily for office space, which expire on various dates through 2043. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord, and are recognized on a straight-line basis over the term of the lease agreement. Rent expense includes base contractual rent and variable costs such as building expenses, utilities, taxes and insurance. At December 31, 2023 and 2022, Blackstone maintained irrevocable standby letters of credit and cash deposits as security for the leases of $14.7 million and $12.3 million, respectively. As of December 31, 2023, the weighted-average remaining lease term was 6.0 years, and the weighted-average discount rate was 1.8%. The components of lease expense were as follows: Year Ended December 31, 2023 2022 2021 Operating Lease Cost Straight-Line Lease Cost (a) $ 160,534 $ 139,740 $ 115,875 Variable Lease Cost (b) 15,268 12,072 10,959 Sublease Income (63 ) (888 ) (1,695 ) $ 175,739 $ 150,924 $ 125,139 (a) Straight-line lease cost includes short-term leases, which are immaterial. (b) Variable lease cost approximates variable lease cash payments. Supplemental cash flow information related to leases were as follows: Year Ended December 31, 2023 2022 2021 Operating Cash Flows for Operating Lease Liabilities $ 127,183 $ 107,249 $ 96,007 Non-Cash Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities $ 117,155 $ 278,010 $ 352,298 The following table shows the undiscounted cash flows on an annual basis for Operating Lease Liabilities as of December 31, 2023: 2024 $ 163,003 2025 180,732 2026 179,046 2027 175,916 2028 169,824 Thereafter 180,540 Total Lease Payments (a) 1,049,061 Less: Imputed Interest (59,238 ) Present Value of Operating Lease Liabilities $ 989,823 (a) Excludes signed leases that have not yet commenced.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2023
Income Taxes	15. Income Taxes The Income Before Provision for Taxes consists of the following: Year Ended December 31, 2023 2022 2021 Income Before Provision (Benefit) for Taxes U.S. Domestic Income $ 2,577,184 $ 3,023,588 $ 13,275,132 Foreign Income 380,530 438,201 284,264 $ 2,957,714 $ 3,461,789 $ 13,559,396 The Provision for Taxes consists of the following: Year Ended December 31, 2023 2022 2021 Current Federal Income Tax $ 362,144 $ 503,075 $ 507,648 Foreign Income Tax 112,861 75,859 55,376 State and Local Income Tax 186,851 255,421 156,735 661,856 834,355 719,759 Deferred Federal Income Tax (94,732 ) (312,961 ) 373,223 Foreign Income Tax (7,020 ) (3,048 ) (2,654 ) State and Local Income Tax (46,643 ) (45,466 ) 94,073 (148,395 ) (361,475 ) 464,642 Provision for Taxes $ 513,461 $ 472,880 $ 1,184,401 The following table summarizes Blackstone’s tax position: Year Ended December 31, 2023 2022 2021 Income Before Provision for Taxes $ 2,957,714 $ 3,461,789 $ 13,559,396 Provision for Taxes $ 513,461 $ 472,880 $ 1,184,401 Effective Income Tax Rate 17.4 % 13.7 % 8.7 % The following table reconciles the effective income tax rate to the U.S. federal statutory tax rate: 2023 2022 Year Ended December 31, vs. vs. 2023 2022 2021 2022 2021 Statutory U.S. Federal Income Tax Rate 21.0 % 21.0 % 21.0 % — — Income Passed Through to Non-Controlling Interest Holders -8.2 % -8.1 % -10.2 % -0.1 % 2.1 % State and Local Income Taxes 4.3 % 6.0 % 2.1 % -1.7 % 3.9 % Change in Valuation Allowance — — -4.1 % — 4.1 % Basis Adjustment (a) — -4.6 % — 4.6 % -4.6 % Other 0.3 % -0.6 % -0.1 % 0.9 % -0.5 % Effective Income Tax Rate 17.4 % 13.7 % 8.7 % 3.7 % 5.0 % (a) Represents the impact of the out-of-period adjustment made during the year ended December 31, 2022 to revise the book investment basis used to calculate deferred tax assets and the deferred tax provision. Deferred income taxes reflect the net tax effects of temporary differences that may exist between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes using enacted tax rates in effect for the year in which the differences are expected to reverse. A summary of the tax effects of the temporary differences is as follows: December 31, 2023 2022 Deferred Tax Assets Investment Basis Differences/Net Unrealized Gains and Losses $ 2,210,974 $ 2,031,002 Other 120,420 31,720 Total Deferred Tax Assets 2,331,394 2,062,722 Deferred Tax Liabilities Investment Basis Differences/Net Unrealized Gains and Losses 18,333 15,409 Other 2,163 31,498 Total Deferred Tax Liabilities 20,496 46,907 Net Deferred Tax Assets $ 2,310,898 $ 2,015,815 The net increase in the deferred tax asset for the year ended December 31, 2023, compared to the year ended December 31, 2022, is primarily due to recognition of additional tax basis in certain assets and recording corresponding deferred tax benefits related to quarterly exchanges of Blackstone Holdings Partnership units for common shares of Blackstone Inc. Realization of deferred tax assets depends on the expectation and character of future taxable income. In addition, Blackstone has no significant net operating losses carryforward at December 31, 2023. In evaluating the ability to realize deferred tax assets, Blackstone among other things, considers projections of taxable income (including character of such income), beginning with historic results and incorporating assumptions of the amount of future pretax operating income. These assumptions about future taxable income require significant judgment and are consistent with the plans and estimates that Blackstone uses to manage its business. To the extent any portion of the deferred tax assets are not considered to be more likely than not to be realized, valuation allowances are recorded. Currently, Blackstone does not believe it meets the indefinite reversal criteria that would preclude Blackstone from recognizing a deferred tax liability with respect to its foreign subsidiaries. Therefore, if applicable Blackstone recorded a deferred tax liability for any outside basis difference of an investment in a foreign subsidiary. Blackstone files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, Blackstone is subject to examination by federal and certain state, local and foreign tax authorities. As of December 31, 2023, the most material jurisdictions where Blackstone entities are under active examination are New York State and City. The following are the major filing jurisdictions and their respective earliest open period subject to examination: Jurisdiction Year Federal 2020 New York City 2009 New York State 2016 United Kingdom 2011 Blackstone’s unrecognized tax benefits, excluding related interest and penalties, were: December 31, 2023 2022 2021 Unrecognized Tax Benefits — January 1 $ 153,624 $ 47,501 $ 32,933 Additions Based on Tax Positions Related to Current Year 19,807 — — Reductions for Tax Positions of Current Year (19,737 ) — — Additions for Tax Positions of Prior Years 57,081 106,059 14,557 Exchange Rate Fluctuations 3 64 11 Unrecognized Tax Benefits — December 31 $ 210,778 $ 153,624 $ 47,501 If recognized, the above tax benefits would reduce the annual effective rate. Blackstone believes the liability established for unrecognized tax benefits is adequate in relation to the potential for additional assessments. It is reasonably possible that significant changes in the balance of unrecognized tax benefits may occur during the twelve months subsequent to December 31, 2023; however, it is not possible to estimate the expected change to the total unrecognized tax benefits and its impact on Blackstone’s effective tax rate during the twelve months subsequent to December 31, 2023. The unrecognized tax benefits are recorded in Accounts Payable, Accrued Expenses and Other Liabilities in the Consolidated Statements of Financial Condition. During the years ended December 31, 2023, 2022 and 2021, Blackstone accrued no penalties and accrued interest expense related to unrecognized tax benefits of $22.8 million, $32.6 million and $1.5 million, respectively. Other Income — Change in Tax Receivable Agreement Liability In 2023 and 2022, the $(27.2) million and $22.3 million, respectively, Change in Tax Receivable Agreement Liability was primarily attributable to a change in our state tax apportionment.

Earnings Per Share and Stockhol

Earnings Per Share and Stockholders' Equity	12 Months Ended
Earnings Per Share and Stockholders' Equity	Dec. 31, 2023
Earnings Per Share and Stockholders' Equity	16. Earnings Per Share and Stockholders’ Equity Earnings Per Share Basic and diluted net income per share of common stock for the years ended December 31, 2023, 2022 and 2021 was calculated as follows: Year Ended December 31, 2023 2022 2021 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted $ 1,390,880 $ 1,747,631 $ 5,857,397 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 755,204,556 740,664,038 719,766,879 Weighted-Average Shares of Unvested Deferred Restricted Common Stock (a) 215,380 278,361 358,164 Weighted-Average Shares of Common Stock Outstanding, Diluted 755,419,936 740,942,399 720,125,043 Net Income Per Share of Common Stock Basic $ 1.84 $ 2.36 $ 8.14 Diluted $ 1.84 $ 2.36 $ 8.13 Dividends Declared Per Share of Common Stock (b) $ 3.32 $ 4.94 $ 3.57 (a) For the year ended December 31, 2023, this includes shares to be issued under the contingently issuable share model for an acquisition-related compensation arrangement. (b) Dividends declared reflects the calendar date of the declaration for each distribution. The fourth quarter dividends, if any, for any fiscal year will be declared and paid in the subsequent fiscal year. 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 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 periods indicated: Year Ended December 31, 2023 2022 2021 Weighted-Average Blackstone Holdings Partnership Units 460,897,953 466,083,269 486,157,205 Stockholders’ Equity As of December 31, 2023, Blackstone had per share , of which (a) 999,999,000 shares are designated as Series I preferred stock and (b) 1,000 shares are designated as Series II preferred stock. The remaining nine billion shares may be designated from time to time in accordance with Blackstone’s certificate of incorporation. There was one share of Series I preferred stock and one share of Series II preferred stock issued and outstanding as of December 31, 2023. Under Blackstone’s certificate of incorporation and Delaware law, holders of Blackstone’s common stock are entitled to vote, together with holders of Blackstone’s Series I preferred stock, voting as a single class, on a number of significant matters, including certain sales, exchanges or other dispositions of all or substantially all of Blackstone’s assets, a merger, consolidation or other business combination, the removal of the Series II Preferred Stockholder and forced transfer by the Series II Preferred Stockholder of its shares of Series II preferred stock and the designation of a successor Series II Preferred Stockholder. The Series II Preferred Stockholder elects Blackstone’s directors. Holders of Blackstone’s Series I preferred stock and Series II preferred stock are not entitled to dividends from Blackstone, or receipt of any of Blackstone’s assets in the event of any dissolution, liquidation or winding up. Blackstone Partners L.L.C. is the sole holder of the Series I preferred stock and Blackstone Group Management L.L.C. is the sole holder of the Series II preferred stock. Share Repurchase Program On December 7, 2021, Blackstone’s board of directors authorized the repurchase of up to $2.0 billion of common stock and Blackstone Holdings Partnership Units. Under the repurchase program, repurchases may be made from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual numbers repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. The repurchase program may be changed, suspended or discontinued at any time and does not have a specified expiration date. During the year ended December 31, 2021, Blackstone repurchased 10.3 million shares of common stock at a total cost of $1.2 billion. During the year ended December 31, 2022, Blackstone repurchased 3.9 million shares of common stock at a total cost of $392.0 million. During the year ended December 31, 2023, Blackstone repurchased 3.7 million shares of common stock at a total cost of $351.3 million. As of December 31, 2023, the amount remaining available for repurchases under the program was $756.8 million. Shares Eligible for Dividends and Distributions As of December 31, 2023, 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 719,358,114 Unvested Participating Common Stock 38,680,985 Total Participating Common Stock 758,039,099 Participating Blackstone Holdings Partnership Units 458,544,363 1,216,583,462

Equity-Based Compensation

Equity-Based Compensation	12 Months Ended
Equity-Based Compensation	Dec. 31, 2023
Equity-Based Compensation	17. 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, 2023, Blackstone had the ability to grant 172,161,191 shares under the Equity Plan. For the years ended December 31, 2023, 2022 and 2021 Blackstone recorded compensation expense of $987.5 million, $846.3 million, and $637.4 million, respectively, in relation to its equity-based awards with corresponding tax benefits of $183.4 million, $135.9 million, and $84.3 million, respectively. As of December 31, 2023, 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 1,216,569,512 as of December 31, 2023. Total outstanding phantom shares were 91,648 as of December 31, 2023. A summary of the status of Blackstone’s unvested equity-based awards as of December 31, 2023 and of changes during the period January 1, 2023 through December 31, 2023 is presented below: Blackstone Holdings Blackstone Inc. Equity Settled Awards Cash Settled Awards Unvested Shares/Units Partnership Weighted- Deferred Weighted- Phantom Weighted- Balance, December 31, 2022 11,029,996 $ 38.02 31,001,563 $ 82.94 48,886 $ 85.04 Granted 209,498 33.73 15,590,890 85.21 69,267 93.20 Vested (6,305,456 ) 37.25 (9,179,271 ) 74.20 (13,840 ) 103.38 Forfeited (348,145 ) 38.30 (956,538 ) 87.22 (18,866 ) 68.63 Balance, December 31, 2023 4,585,893 $ 38.94 36,456,644 $ 86.05 85,447 $ 114.50 Shares/Units Expected to Vest The following unvested shares and units, after expected forfeitures, as of December 31, 2023, are expected to vest: Shares/Units Weighted-Average Blackstone Holdings Partnership Units 4,646,877 0.8 Deferred Restricted Shares of Common Stock 32,671,159 2.9 Total Equity-Based Awards 37,318,036 2.6 Phantom Shares 71,674 3.0 Deferred Restricted Shares of Common Stock and Phantom Shares Blackstone has granted deferred restricted shares of common stock to certain senior and non-senior managing director professionals, analysts and senior finance and administrative personnel and selected external advisers and phantom shares (cash settled equity-based awards) to other senior and non-senior managing director employees. Holders of deferred restricted shares of common stock and phantom shares are not entitled to any voting rights. Only phantom shares are to be settled in cash. Deferred restricted shares of common stock where the number of shares have not been set are liability classified and excluded from the above tables. The fair values of deferred restricted shares of common stock have been derived based on the closing price of common stock on the date of the grant, multiplied by the number of unvested awards and expensed over the assumed service period, which ranges from 1 to 5 years. Additionally, the calculation of the compensation expense assumes forfeiture rates based on historical turnover rates, ranging from 1.0% to 13.0% annually by employee class, and a per share discount, ranging from $1.46 to $21.53. The phantom shares vest over the assumed service period, which ranges from 1 to 5 years. On each such vesting date, Blackstone delivered or will deliver cash to the holder in an amount equal to the number of phantom shares held multiplied by the then fair market value of Blackstone’s common stock on such date. Additionally, the calculation of the compensation expense assumes a forfeiture rate based on historical turnover rates, ranging from 6.7% to 13.0% annually by employee class. Blackstone is accounting for these cash settled awards as a liability. Blackstone paid $1.7 million, $0.6 million and $1.1 million to employees in settlement of phantom shares for the years ended December 31, 2023, 2022 and 2021, respectively. Performance-Based Compensation During the year ended December 31, 2021, Blackstone issued performance-based compensation, the dollar value of which is based on the future achievement of established business performance conditions. The number of vested shares of common stock to be issued is variable based on the 30-day volume weighted-average price at the end of the performance period. Due to the nature of settlement, the performance-based compensation is classified as a liability. Compensation expense is recognized over the performance period based upon the probable outcome of the performance condition. Due to the variable share settlement, the tables above exclude the impact of this performance-based compensation, as the number of shares to be issued is based on the probability of achieving the performance condition and not yet set. Blackstone Holdings Partnership Units Blackstone has granted deferred restricted Blackstone Holdings Partnership Units to certain current and former senior managing directors. Holders of deferred restricted Blackstone Holdings Partnership Units are not entitled to any voting rights. The fair values of deferred restricted Blackstone Holdings Partnership Units have been derived based on the closing price of Blackstone’s common units on the date of the grant, multiplied by the number of unvested awards and expensed over the assumed service period, which ranges from 1 to 2 years. Additionally, the calculation of the compensation expense assumes a forfeiture rate of 6.7%, based on historical experience.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2023
Related Party Transactions	18. Related Party Transactions Affiliate Receivables and Payables Due from Affiliates and Due to Affiliates consisted of the following: December 31, 2023 2022 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated Entities and Portfolio Companies $ 3,638,948 $ 3,344,813 Due from Certain Non-Controlling Interest Holders and Blackstone Employees 720,743 741,319 Accrual for Potential Clawback of Previously Distributed Performance Allocations 106,830 60,575 $ 4,466,521 $ 4,146,707 December 31, 2023 2022 Due to Affiliates Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements $ 1,681,516 $ 1,602,933 Due to Non-Consolidated Entities 124,560 157,982 Due to Certain Non-Controlling Interest Holders and Blackstone Employees 305,816 198,875 Accrual for Potential Repayment of Previously Received Performance Allocations 281,518 158,691 $ 2,393,410 $ 2,118,481 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 December 31, 2023 and 2022, such investments aggregated $1.7 billion and $1.6 billion, respectively. Their share of the Net Income Attributable to Redeemable Non-Controlling and Non-Controlling Interests in Consolidated Entities aggregated $87.8 million, $10.9 million and $471.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. Contingent Repayment Guarantee Blackstone and its personnel who have received Performance Allocation distributions have guaranteed payment on a several basis (subject to a cap) to the carry funds of any clawback obligation with respect to the excess Performance Allocation allocated to the general partners of such funds and indirectly received thereby to the extent that either Blackstone or its personnel fails to fulfill its clawback obligation, if any. The Accrual for Potential Repayment of Previously Received Performance Allocations represents amounts previously paid to Blackstone Holdings and non-controlling 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 December 31, 2023. See Note 19. “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 $522.6 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. Subsequent to December 31, 2023, payments totaling $92.4 million were made to certain pre-IPO owners and others mentioned above in accordance with the tax receivable agreement and related to tax benefits Blackstone received for the 2022 taxable year. 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 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 19. “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	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies	19. Commitments and Contingencies Commitments Investment Commitments Blackstone had $5.0 billion of investment commitments as of December 31, 2023 representing general partner capital funding commitments to the Blackstone Funds, limited partner capital funding to other funds and Blackstone principal investment commitments, including loan commitments. The consolidated Blackstone Funds had signed investment commitments of $364.4 million as of December 31, 2023 which includes $210.6 million of signed investment commitments for portfolio company acquisitions in the process of closing. Regulated Entities Certain U.S. and non-U.S. entities are subject to various investment adviser and other financial regulatory rules and requirements that may include minimum net capital requirements. These entities have continuously operated in excess of these requirements. This includes a number of U.S. entities that are registered as investment advisers with the SEC. These regulatory capital requirements may restrict Blackstone’s ability to withdraw capital from its entities. At December 31, 2023, $106.6 million of net assets of consolidated entities may be restricted as to the payment of cash dividends and advances to Blackstone. Contingencies Guarantees Certain of Blackstone’s consolidated real estate funds guarantee payments to third parties in connection with the ongoing business activities and/or acquisitions of their Portfolio Companies. There is no direct recourse to Blackstone to fulfill such obligations. To the extent that underlying funds are required to fulfill guarantee obligations, Blackstone’s invested capital in such funds is at risk. Total investments at risk in respect of guarantees extended by consolidated real estate funds was $27.9 million as of December 31, 2023. The Blackstone Holdings Partnerships provided guarantees to a lending institution for certain loans held by employees either for investment in Blackstone Funds or for members’ capital contributions to The Blackstone Group International Partners LLP. The amount guaranteed as of December 31, 2023 was $79.8 million. Strategic Venture In December 2022 and January 2023, Blackstone entered into long‐te rm (“UC strategic ventures”) The UC strategic ventures provide UC ventures Litigation Blackstone may from time to time be involved in litigation and claims incidental to the conduct of its business. Blackstone’s businesses are also subject to extensive regulation, which may result in regulatory proceedings against Blackstone. Blackstone accrues a liability for legal proceedings only when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. Although there can be no assurance of the outcome of such legal actions, based on information known by management, Blackstone does not have a potential liability related to any current legal proceeding or claim that would individually or in the aggregate materially affect its results of operations, financial position or cash flows. In December 2017, eight pension plan members of the Kentucky Retirement System (“KRS”) filed a derivative lawsuit on behalf of KRS in the Franklin County Circuit Court of the Commonwealth of Kentucky (the “Mayberry Action”). The Mayberry Action alleged various breaches of fiduciary duty and other violations of Kentucky state law in connection with KRS’s investment in three hedge funds of funds, including a fund managed by Blackstone Alternative Asset Management L.P. (“BLP”). The suit named more than 30 defendants, including, among others, The Blackstone Group L.P. (now Blackstone Inc.); BLP; Stephen A. Schwarzman, as Chairman and CEO of Blackstone; and J. Tomilson Hill, as then-CEO 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 December 2022, the Mayberry Action was stayed pending resolution of an interlocutory appeal in which the Blackstone Defendants and others argued that the Circuit Court did not have jurisdiction to continue the Mayberry Action after the ruling of the Kentucky Supreme Court. In April 2023, the Kentucky Court of Appeals agreed with the defendants’ position, holding that the Circuit Court exceeded its authority in permitting the AG’s intervention despite the Kentucky Supreme Court’s instruction to dismiss. Accordingly, the Kentucky Court of Appeals vacated all orders entered by the Circuit Court other than the order dismissing the original derivative complaint in the Mayberry Action. In July 2023, the AG filed a motion for discretionary review of the Court of Appeals’ decision by the Kentucky Supreme Court, which was denied on January 10, 2024. Additionally, around the time the AG moved to intervene in 2020, the AG separately filed an additional back-up complaint asserting substantially identical claims against largely the same defendants as the Mayberry Action, including Stephen A. Schwarzman, J. Tomilson Hill and Blackstone Inc. (the “July 2020 Action”). The AG did not pursue the July 2020 Action until August 2023, when the AG served a substantially identical amended complaint which, in September 2023, the named defendants moved to dismiss. Concurrently, out of an abundance of caution, BLP filed a motion to dismiss and a motion to strike references to BLP as a purported defendant, even though the July 2020 Action, as amended, did not name BLP as a defendant. The AG then added BLP as a party on November 20, 2023, and BLP subsequently filed a motion to dismiss on December 21, 2023. We believe that the July 2020 Action—initiated some nine years after BLP was engaged by KRS—is even more clearly barred by the statute of limitations than the Mayberry Action. 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 sui t. In August 2021, a group of KRS members—including those that filed Taylor I—filed a new action in Franklin County Circuit Court (“Taylor II”), against the Blackstone Defendants, other defendants named in the Mayberry Action, and other KRS officials. The filed complaint is substantially similar to that filed in Taylor I and the Mayberry Action. Motions to dismiss are pending. The Blackstone Defendants believe they have strong defenses on statute of limitations grounds, among others, to both Taylor I and Taylor II. In May 2022, the presiding judge recused himself from the Mayberry Action and Taylor II, and the cases were reassigned to another judge in the Franklin County Circuit Court. In April 2021, the AG filed an action (the “Declaratory Judgment Action”) against BLP and the other fund manager defendants from the Mayberry Action in Franklin County Circuit Court. The action sought to have certain provisions in the subscription agreements between KRS and the fund managers declared to be in violation of the Kentucky Constitution. In March 2022, the Circuit Court granted summary judgment to the AG and the Court of Appeals affirmed on December 1, 2023. On February 5, 2024, BLP’s petition for rehearing before the Court of Appeals was denied. BLP’s motion for discretionary review of the Court of Appeals’ decision by the Kentucky Supreme Court is due March 6, 2024. Blackstone continues to believe that the preceding lawsuits against Blackstone are totally without merit and intends to defend them vigorously. In July 2021, BLP filed a breach of contract action against defendants affiliated with KRS alleging that the Mayberry Action and the Declaratory Judgment Action breach the parties’ subscription agreements governing KRS’s investment with BLP. The action seeks damages, including legal fees and expenses incurred in defending against the above actions. In April 2022, the Circuit Court dismissed BLP’s complaint without prejudice to refiling, on the grounds that the action was not yet ripe for adjudication. In May 2023, the Court of Appeals affirmed the Circuit Court’s dismissal, without prejudice, of BLP’s complaint on ripeness grounds. In August 2023, BLP filed a motion with the Kentucky Supreme Court for discretionary review, which was granted on February 7, 2024. 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 cooperating with the SEC’s inquiry. 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: December 31, 2023 2022 Segment Blackstone Current and Total (b) Blackstone Current and Total (b) Real Estate $ 145,435 $ 90,337 $ 235,772 $ 78,644 $ 51,771 $ 130,415 Private Equity 29,046 16,231 45,277 19,279 8,569 27,848 Credit & Insurance 207 262 469 223 205 428 $ 174,688 $ 106,830 $ 281,518 $ 98,146 $ 60,545 $ 158,691 (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 18. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.” During the year ended December 31, 2023, the Blackstone general partners paid a cash clawback obligation of $14.3 million, primarily related to funds in the Private Equity and Real Estate segments 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 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 December 31, 2023, $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 December 31, 2023, all of the investments held by Blackstone’s carry funds were deemed worthless, a possibility that management views as remote, the amount of Performance Allocations subject to potential clawback would be $6.4 billion, on an after-tax basis where applicable, of which Blackstone Holdings is potentially liable for $6.0 billion if current and former Blackstone personnel default on their share of the liability, a possibility that management also views as remote.

Segment Reporting

Segment Reporting	12 Months Ended
Segment Reporting	Dec. 31, 2023
Segment Reporting	20. 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 fund of funds business, 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 our insurer-focused platform and a publicly traded energy infrastructure, renewables and master limited partnership investment platform. • Hedge Fund Solutions – The largest component of Blackstone’s Hedge Fund Solutions segment is Blackstone Alternative Asset Management, which manages a broad range of commingled and customized fund solutions. The segment also includes a GP Stakes business and investment platforms that invest directly, as well as investment platforms that seed new hedge fund businesses and create alternative solutions through daily liquidity products. 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. F or 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. Geographic Information Blackstone conducts its business primarily in the United States with domestically generated revenues making up 70%, 77% and 65% of total GAAP revenues for the years ended December 31, 2023, 2022 and 2021, respectively. The table below presents the percentage of total GAAP revenues generated by Blackstone by geographic region. Revenues attributed to a geographic region are generally based on the geography of investments held by Blackstone and Blackstone Funds. The geography of an investment Year Ended December 31, 2023 2022 2021 Americas 78 % 83 % 71 % Europe, Middle East and Africa 15 % 15 % 18 % Asia-Pacific 7 % 2 % 11 % 100 % 100 % 100 % Blackstone’s long-lived assets are comprised of Right-of-Use Assets and Furniture, Equipment and Leasehold Improvements, Net. As of December 31, 2023 and 2022, Blackstone held long-lived assets in the United States of $1.1 billion and $1.0 billion, respectively. As of December 31, 2023, Blackstone held long-lived assets in the United Kingdom of $141.7 million. No individual foreign country constituted more than 10% of Blackstone’s total long-lived assets as of December 31, 2022. Major Customer Information For the year ended December 31, 2023, BREIT accounted for $839.9 million of Blackstone’s Management and Advisory Fees, Net. For the year ended December 31, 2023, Blackstone Private Credit Fund (“BCRED”) accounted for an aggregate of $762.6 million of Management and Advisory Fees, Net and Incentive Fees. For the year ended December 31, 2022, BREIT accounted for $841.3 million of Blackstone’s Management and Advisory Fees, Net. No individual customer constituted more than 10% of Blackstone’s Management and Advisory Fees, Net and Incentive Fees for the year ended December 31, 2021. BREIT and BCRED are vehicles in Blackstone’s Real Estate segment and Credit & Insurance segment, respectively. Generally, for purposes of major customer analysis, Blackstone identifies the customer as the investors in its managed investment vehicles. For certain widely held vehicles like BREIT and BCRED, however, the investment vehicle is determined to be the customer. Blackstone evaluates the major customer disclosure in the context of its revenue streams as determined under the GAAP guidance for contracts with customers which includes Management and Advisory Fees, Net and Incentive Fees. Segment Presentation The following tables present the financial data for Blackstone’s four segments as of December 31, 2023 and 2022, and for the years ended December 31, 2023, 2022 and 2021. December 31, 2023 and the Year Then Ended Real Estate Private Equity Credit & Insurance Hedge Fund Solutions Total Segments Management and Advisory Fees, Net Base Management Fees $ 2,794,232 $ 1,807,906 $ 1,335,408 $ 528,301 $ 6,465,847 Transaction, Advisory and Other Fees, Net 78,483 105,640 44,560 7,209 235,892 Management Fee Offsets (29,357 ) (5,182 ) (3,907 ) (49 ) (38,495 ) Total Management and Advisory Fees, Net 2,843,358 1,908,364 1,376,061 535,461 6,663,244 Fee Related Performance Revenues 294,240 — 564,287 — 858,527 Fee Related Compensation (675,880 ) (595,669 ) (640,190 ) (176,371 ) (2,088,110 ) Other Operating Expenses (325,050 ) (316,741 ) (327,734 ) (114,808 ) (1,084,333 ) Fee Related Earnings 2,136,668 995,954 972,424 244,282 4,349,328 Realized Performance Revenues 244,358 1,268,483 317,760 230,501 2,061,102 Realized Performance Compensation (123,299 ) (558,645 ) (140,490 ) (73,583 ) (896,017 ) Realized Principal Investment Income 7,628 67,133 21,897 14,274 110,932 Total Net Realizations 128,687 776,971 199,167 171,192 1,276,017 Total Segment Distributable Earnings $ 2,265,355 $ 1,772,925 $ 1,171,591 $ 415,474 $ 5,625,345 Segment Assets $ 13,016,980 $ 13,914,844 $ 6,919,377 $ 2,592,710 $ 36,443,911 December 31, 2022 and the Year Then Ended Real Estate Private Equity Credit & Insurance Hedge Fund Solutions Total Segments Management and Advisory Fees, Net Base Management Fees $ 2,462,179 $ 1,786,923 $ 1,230,710 $ 565,226 $ 6,045,038 Transaction, Advisory and Other Fees, Net 171,424 97,876 34,624 6,193 310,117 Management Fee Offsets (10,538 ) (56,062 ) (5,432 ) (177 ) (72,209 ) Total Management and Advisory Fees, Net 2,623,065 1,828,737 1,259,902 571,242 6,282,946 Fee Related Performance Revenues 1,075,424 (648 ) 374,721 — 1,449,497 Fee Related Compensation (1,039,125 ) (575,194 ) (529,784 ) (186,672 ) (2,330,775 ) Other Operating Expenses (315,331 ) (304,177 ) (264,181 ) (105,334 ) (989,023 ) Fee Related Earnings 2,344,033 948,718 840,658 279,236 4,412,645 Realized Performance Revenues 2,985,713 1,191,028 147,413 137,184 4,461,338 Realized Performance Compensation (1,168,045 ) (544,229 ) (63,846 ) (37,977 ) (1,814,097 ) Realized Principal Investment Income 150,790 139,767 80,993 24,706 396,256 Total Net Realizations 1,968,458 786,566 164,560 123,913 3,043,497 Total Segment Distributable Earnings $ 4,312,491 $ 1,735,284 $ 1,005,218 $ 403,149 $ 7,456,142 Segment Assets $ 14,637,693 $ 14,142,313 $ 6,346,001 $ 2,821,753 $ 37,947,760 Year Ended December 31, 2021 Real Estate Private Equity Credit & Insurance Hedge Fund Solutions Total Segments Management and Advisory Fees, Net Base Management Fees $ 1,895,412 $ 1,521,273 $ 765,905 $ 636,685 $ 4,819,275 Transaction, Advisory and Other Fees, Net 160,395 174,905 44,868 11,770 391,938 Management Fee Offsets (3,499 ) (33,247 ) (6,653 ) (572 ) (43,971 ) Total Management and Advisory Fees, Net 2,052,308 1,662,931 804,120 647,883 5,167,242 Fee Related Performance Revenues 1,695,019 212,128 118,097 — 2,025,244 Fee Related Compensation (1,161,349 ) (662,824 ) (367,322 ) (156,515 ) (2,348,010 ) Other Operating Expenses (234,505 ) (264,468 ) (199,912 ) (94,792 ) (793,677 ) Fee Related Earnings 2,351,473 947,767 354,983 396,576 4,050,799 Realized Performance Revenues 1,119,612 2,263,099 209,421 290,980 3,883,112 Realized Performance Compensation (443,220 ) (943,199 ) (94,450 ) (76,701 ) (1,557,570 ) Realized Principal Investment Income 196,869 263,368 70,796 56,733 587,766 Total Net Realizations 873,261 1,583,268 185,767 271,012 2,913,308 Total Segment Distributable Earnings $ 3,224,734 $ 2,531,035 $ 540,750 $ 667,588 $ 6,964,107 Reconciliations of Total Segment Amounts The following tables reconcile the Total Segment Revenues, Expenses and Distributable Earnings to their equivalent GAAP measure for the years ended December 31, 2023, 2022 and 2021 along with Total Assets as of December 31, 2023 and 2022: Year Ended December 31, 2023 2022 2021 Revenues Total GAAP Revenues $ 8,022,841 $ 8,517,673 $ 22,577,148 Less: Unrealized Performance Revenues (a) 1,691,788 3,436,978 (8,675,246 ) Less: Unrealized Principal Investment (Income) Loss (b) 593,301 1,235,529 (679,767 ) Less: Interest and Dividend Revenue (c) (535,641 ) (285,075 ) (163,044 ) Less: Other Revenue (d) 93,083 (183,754 ) (202,885 ) Impact of Consolidation (e) (200,237 ) (109,379 ) (1,197,854 ) Transaction-Related and Non-Recurring Items (f) 25,672 (24,656 ) 660 Intersegment Eliminations 2,998 2,721 4,352 Total Segment Revenue (g) $ 9,693,805 $ 12,590,037 $ 11,663,364 Year Ended December 31, 2023 2022 2021 Expenses Total GAAP Expenses $ 4,981,130 $ 4,973,025 $ 9,476,617 Less: Unrealized Performance Allocations Compensation (h) 654,403 1,470,588 (3,778,048 ) Less: Equity-Based Compensation (i) (959,474 ) (782,090 ) (559,537 ) Less: Interest Expense (j) (429,521 ) (316,569 ) (196,632 ) Impact of Consolidation (e) (137,603 ) (61,644 ) (25,673 ) Amortization of Intangibles (k) (33,457 ) (60,481 ) (68,256 ) Transaction-Related and Non-Recurring Items (f) (309 ) (81,789 ) (143,378 ) Administrative Fee Adjustment (l) (9,707 ) (9,866 ) (10,188 ) Intersegment Eliminations 2,998 2,721 4,352 Total Segment Expenses (m) $ 4,068,460 $ 5,133,895 $ 4,699,257 Year Ended December 31, 2023 2022 2021 Other Income Total GAAP Other Income $ (83,997 ) $ (82,859 ) $ 458,865 Impact of Consolidation (e) 83,997 82,859 (458,865 ) Total Segment Other Income $ — $ — $ — Year Ended December 31, 2023 2022 2021 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes $ 2,957,714 $ 3,461,789 $ 13,559,396 Less: Unrealized Performance Revenues (a) 1,691,788 3,436,978 (8,675,246 ) Less: Unrealized Principal Investment (Income) Loss (b) 593,301 1,235,529 (679,767 ) Less: Interest and Dividend Revenue (c) (535,641 ) (285,075 ) (163,044 ) Less: Other Revenue (d) 93,083 (183,754 ) (202,885 ) Plus: Unrealized Performance Allocations Compensation (h) (654,403 ) (1,470,588 ) 3,778,048 Plus: Equity-Based Compensation (i) 959,474 782,090 559,537 Plus: Interest Expense (j) 429,521 316,569 196,632 Impact of Consolidation (e) 21,363 35,124 (1,631,046 ) Amortization of Intangibles (k) 33,457 60,481 68,256 Transaction-Related and Non-Recurring Items (f) 25,981 57,133 144,038 Administrative Fee Adjustment (l) 9,707 9,866 10,188 Total Segment Distributable Earnings $ 5,625,345 $ 7,456,142 $ 6,964,107 As of December 31, 2023 2022 Total Assets Total GAAP Assets $ 40,287,530 $ 42,524,227 Impact of Consolidation (e) (3,843,619 ) (4,576,467 ) Total Segment Assets $ 36,443,911 $ 37,947,760 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 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 years ended December 31, 2023, 2022 and 2021, Other Revenue on a GAAP basis was $(92.9) million, $184.6 million and $203.1 million and included $(94.7) million, $182.9 million and $200.6 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 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. (g) Total Segment Revenues is comprised of the following: Year Ended December 31, 2023 2022 2021 Total Segment Management and Advisory Fees, Net $ 6,663,244 $ 6,282,946 $ 5,167,242 Total Segment Fee Related Performance Revenues 858,527 1,449,497 2,025,244 Total Segment Realized Performance Revenues 2,061,102 4,461,338 3,883,112 Total Segment Realized Principal Investment Income 110,932 396,256 587,766 Total Segment Revenues $ 9,693,805 $ 12,590,037 $ 11,663,364 (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: Year Ended December 31, 2023 2022 2021 Total Segment Fee Related Compensation $ 2,088,110 $ 2,330,775 $ 2,348,010 Total Segment Realized Performance Compensation 896,017 1,814,097 1,557,570 Total Segment Other Operating Expenses 1,084,333 989,023 793,677 Total Segment Expenses $ 4,068,460 $ 5,133,895 $ 4,699,257 Reconciliations of Total Segment Components The following tables reconcile the components of Total Segments to their equivalent GAAP measures, reported on the Consolidated Statement of Operations for the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, 2023 2022 2021 Management and Advisory Fees, Net GAAP $ 6,671,260 $ 6,303,315 $ 5,170,707 Segment Adjustment (a) (8,016 ) (20,369 ) (3,465 ) Total Segment $ 6,663,244 $ 6,282,946 $ 5,167,242 Year Ended December 31, 2023 2022 2021 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees $ 695,171 $ 525,127 $ 253,991 Investment Income — Realized Performance Allocations 2,223,841 5,381,640 5,653,452 GAAP 2,919,012 5,906,767 5,907,443 Total Segment Less: Realized Performance Revenues (2,061,102 ) (4,461,338 ) (3,883,112 ) Segment Adjustment (b) 617 4,068 913 Total Segment $ 858,527 $ 1,449,497 $ 2,025,244 Year Ended December 31, 2023 2022 2021 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation $ 2,785,447 $ 2,569,780 $ 2,161,973 Incentive Fee Compensation 281,067 207,998 98,112 Realized Performance Allocations Compensation 900,859 2,225,264 2,311,993 GAAP 3,967,373 5,003,042 4,572,078 Total Segment Less: Realized Performance Compensation (896,017 ) (1,814,097 ) (1,557,570 ) Less: Equity-Based Compensation — Fee Related Compensation (946,575 ) (772,170 ) (551,263 ) Less: Equity-Based Compensation — Performance Compensation (12,899 ) (9,920 ) (8,274 ) Segment Adjustment (c) (23,772 ) (76,080 ) (106,961 ) Total Segment $ 2,088,110 $ 2,330,775 $ 2,348,010 Year Ended December 31, 2023 2022 2021 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP $ 1,117,305 $ 1,092,671 $ 917,847 Segment Adjustment (d) (32,972 ) (103,648 ) (124,170 ) Total Segment $ 1,084,333 $ 989,023 $ 793,677 Year Ended December 31, 2023 2022 2021 Realized Performance Revenues GAAP Incentive Fees $ 695,171 $ 525,127 $ 253,991 Investment Income — Realized Performance Allocations 2,223,841 5,381,640 5,653,452 GAAP 2,919,012 5,906,767 5,907,443 Total Segment Less: Fee Related Performance Revenues (858,527 ) (1,449,497 ) (2,025,244 ) Segment Adjustment (b) 617 4,068 913 Total Segment $ 2,061,102 $ 4,461,338 $ 3,883,112 Year Ended December 31, 2023 2022 2021 Realized Performance Compensation GAAP Incentive Fee Compensation $ 281,067 $ 207,998 $ 98,112 Realized Performance Allocations Compensation 900,859 2,225,264 2,311,993 GAAP 1,181,926 2,433,262 2,410,105 Total Segment Less: Fee Related Performance Compensation (e) (273,010 ) (609,245 ) (844,261 ) Less: Equity-Based Compensation — Performance Compensation (12,899 ) (9,920 ) (8,274 ) Total Segment $ 896,017 $ 1,814,097 $ 1,557,570 Year Ended December 31, 2023 2022 2021 Realized Principal Investment Income GAAP $ 303,823 $ 850,327 $ 1,003,822 Segment Adjustment (f) (192,891 ) (454,071 ) (416,056 ) Total Segment $ 110,932 $ 396,256 $ 587,766 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 Funds which have been eliminated in consolidation, and (2) the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures. (b) Represents the add back of Performance Revenues earned from consolidated Blackstone Funds which have been eliminated in consolidation. (c) Represents the removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures. (d) Represents the (1) removal of amortization of transaction-related intangibles, (2) removal of certain expenses reimbursed by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and (3) a reduction equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units which is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (e) Fee related performance compensation may include equity-based compensation based on fee related performance revenues. (f) Represents (1) the add back of Principal Investment Income, including general partner income, earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events	21. Subsequent Events There have been no events since December 31, 2023 that require recognition or disclosure in the Consolidated Financial Statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2023
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements of Blackstone have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The 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.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that estimates utilized in the preparation of the consolidated financial statements are prudent and reasonable. Such estimates include those used in the valuation of investments and financial instruments, the measurement of deferred tax balances (including valuation allowances) and the accounting for Goodwill and equity-based compensation. Actual results could differ from those estimates and such differences could be material.
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 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 20. “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 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 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 a s of the report • 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 other valuation techniques, including the discounted cash flow method or a market approach. The discounted cash flow method projects the expected cash flows of the debt instrument based on contractual terms, and discounts such cash flows back to the valuation date using a market-based yield. The market-based yield is generally estimated using yields of publicly traded debt instruments issued by companies operating in similar industries as the subject investment or based on changes in credit spreads of a broader benchmark index applicable to a subject investment. 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 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 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 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 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 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 Consolidated Statements of Financial Condition. Strategic Partners’ results presented in Blackstone’s 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.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and Cash Equivalents represents cash on hand, cash held in banks, money market funds and liquid investments with original maturities of three months or less. Interest income from cash and cash equivalents is recorded in Interest and Dividend Revenue in the Consolidated Statements of Operations.
Cash Held by Blackstone Funds and Other	Cash Held by Blackstone Funds and Other Cash Held by Blackstone Funds and Other represents cash and cash equivalents held by consolidated Blackstone Funds and other consolidated entities. Such amounts are not available to fund the general liquidity needs of Blackstone.
Accounts Receivable and Due from Affiliates	Accounts Receivable and Due from Affiliates Accounts Receivable and Due from Affiliates is comprised of management and incentive fees receivable from limited partners, receivables from managed investment vehicles and portfolio companies, placement and advisory fees receivables, receivables relating to unsettled sale transactions and loans extended to affiliates and to unaffiliated third parties. Accounts Receivable, excluding those for which the fair value option has been elected, are assessed periodically for collectability. Amounts determined to be uncollectible are charged directly to General, Administrative and Other Expenses in the Consolidated Statements of Operations.
Intangibles and Goodwill	Intangibles and Goodwill Blackstone’s intangible assets consist of contractual rights to earn future fee income, including management and advisory fees, Incentive Fees and Performance Allocations. Identifiable finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives, ranging from three Goodwill
Furniture, Equipment and Leasehold Improvements	Furniture, Equipment and Leasehold Improvements Furniture, equipment and leasehold improvements consist primarily of leasehold improvements, furniture, fixtures and equipment, computer hardware and software and are recorded at cost less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the assets’ estimated useful economic lives, which for leasehold improvements, furniture and fittings and other fixed assets were the lesser of the lease term or the life of the asset, the lesser of seven years or the lease term, or three
Foreign Currency	Foreign Currency In the normal course of business, Blackstone may enter into transactions denominated in currencies other than United States dollars. Foreign exchange gains and losses arising on such transactions are recorded as Other Revenue in the Consolidated Statements of Operations. Foreign currency transaction gains and losses arising within consolidated Blackstone Funds are recorded in Net Gains (Losses) from Fund Investment Activities. In addition, Blackstone consolidates a number of entities that have a non-U.S. dollar functional currency. Non-U.S. dollar denominated assets and liabilities are translated to U.S. dollars at the exchange rate prevailing at the reporting date and income, expenses, gains and losses are translated at the prevailing exchange rate on the dates that they were recorded. Cumulative translation adjustments arising from the translation of non-U.S. dollar denominated operations are recorded in Other Comprehensive Income and allocated to Non-Controlling Interests in Consolidated Entities and Non-Controlling Interests in Blackstone Holdings, as applicable.
Comprehensive Income	Comprehensive Income Comprehensive Income consists of Net Income and Other Comprehensive Income. Blackstone’s Other Comprehensive Income is comprised of foreign currency cumulative translation adjustments.
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 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 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 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.
Compensation and Benefits	Compensation and Benefits Compensation and Benefits Compensation except in the case of (a) equity-based awards that do not require future service, which are expensed immediately, and (b) certain awards to recipients that meet criteria making them eligible for retirement (allowing such recipient to keep a percentage of those awards upon departure from Blackstone after becoming eligible for retirement), for which the expense for the portion of the award that would be retained in the event of retirement is either expensed immediately or amortized to the retirement date. Cash settled equity-based awards and awards settled in a variable number of shares are classified as liabilities and are remeasured at the end of each reporting period. Compensation and Benefits — Incentive Fee Compensation — Compensation and Benefits — Performance Allocations Compensation —
Other Income	Other Income Net Gains (Losses) from Fund Investment Activities in the Consolidated Statements of Operations include net realized gains (losses) from realizations and sales of Expenses incurred by consolidated Blackstone funds are separately presented within Fund Expenses in the Consolidated Statements of Other Income also includes amounts attributable to the Reduction of the Tax Receivable Agreement Liability. See Note 15. “Income Taxes — Other Income — Change in the Tax Receivable Agreement Liability” for additional information.
Income Taxes	Income Taxes Blackstone Inc. is a corporation for U.S. federal income tax purposes and thus is subject to U.S. federal, state and local income taxes on Blackstone’s share of taxable income. The Blackstone Holdings Partnerships and certain of their subsidiaries operate in the U.S. as partnerships for U.S. federal income tax purposes and generally as corporate entities in non-U.S. jurisdictions. Accordingly, these entities in some cases are subject to New York City unincorporated business taxes or non-U.S. income taxes. In addition, certain of the wholly owned subsidiaries of Blackstone and the Blackstone Holdings Partnerships will be subject to federal, state and local corporate income taxes at the entity level and the related tax provision attributable to Blackstone’s share of this income tax is reflected in the consolidated financial statements. Cash paid for transferrable tax credits is reflected in Payments for Income Taxes in the Consolidated Statements of Cash Flows. 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 consolidated financial statements. Unrecognized Tax Benefits Blackstone recognizes tax positions in the 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 consolidated financial statements. Accrued interest and penalties related to unrecognized tax benefits are reported on the related liability line in the 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”), comprised primarily 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 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 Consolidated Statements of Financial Condition. Additional disclosures relating to repurchase agreements are discussed in Note 10. “Repurchase Agreements.” Blackstone does not offset assets and liabilities relating to reverse repurchase agreements and repurchase agreements in its Consolidated Statements of Financial Condition. Additional disclosures relating to offsetting are discussed in Note 12. “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 Consolidated Statements of Financial Condition.
Derivative Instruments	Derivative Instruments Blackstone recognizes all derivatives as assets or liabilities on its 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 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 Consolidated Statements of Financial Condition. Blackstone has elected to not offset derivative assets and liabilities or financial assets in its 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 12. “Offsetting of Assets and Liabilities.”
Leases	Leases Blackstone determines if an arrangement is a lease at inception of the arrangement. Blackstone primarily enters into operating leases, as the lessee, for office space. Operating leases are included in Right-of-Use (“ROU”) Assets and Operating Lease Liabilities in the Consolidated Statement of Financial Condition. ROU Assets and Operating Lease Liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. Blackstone determines the present value of the lease payments using an incremental borrowing rate based on information available at the inception date. Leases may include options to extend or terminate the lease which are included in the ROU Assets and Operating Lease Liability when they are reasonably certain of exercise. Certain leases include lease and nonlease components, which are accounted for as one single lease component. Occupancy lease agreements, in addition to contractual rent payments, generally include additional payments for certain costs incurred by the landlord, such as building expenses and utilities. To the extent these are fixed or determinable, they are included as part of the minimum lease payments used to measure the Operating Lease Liability. Operating lease expense associated with minimum lease payments is recognized on a straight-line basis over the lease term. When additional payments are based on usage or vary based on other factors, they are expensed when incurred as variable lease expense. Minimum lease payments for leases with an initial term of twelve months or less are not recorded on the Consolidated Statement of Financial Condition. Blackstone recognizes lease expense for these leases on a straight-line basis over the lease term. Additional disclosures relating to leases are discussed in Note 14. “Leases.”
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 consolidated financial statements when declared.
Recent Accounting Developments	Recent Accounting Developments In June 2022, the Financial Accounting Standards Board issued amended guidance addressing certain sale restrictions on equity securities measured at fair value. The guidance requires that reporting entities not consider contractual sale restrictions that prohibit the sale of equity securities when measuring fair value and introduces new disclosure requirements for equity securities subject to contractual sale restrictions. The guidance is effective January 1, 2024 and adoption will be on a prospective basis. Upon adoption, Blackstone does not expect a material impact on the consolidated financial statements or any measurement impacts, but will update disclosures to comply with the new requirements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Dec. 31, 2023
Intangible Assets, Net	Intangible Assets, Net consists of the following: December 31, 2023 2022 Finite-Lived Intangible Assets/Contractual Rights $ 1,769,372 $ 1,745,376 Accumulated Amortization (1,568,164 ) (1,528,089 ) Intangible Assets, Net $ 201,208 $ 217,287
Changes in Partnership's Intangible Assets, Net	Changes in Blackstone’s Intangible Assets, Net consists of the following: Year Ended December 31, 2023 2022 2021 Balance, Beginning of Year $ 217,287 $ 284,384 $ 347,955 Amortization Expense (40,075 ) (67,097 ) (74,871 ) Acquisitions 23,996 — 11,300 Balance, End of Year $ 201,208 $ 217,287 $ 284,384

Investments (Tables)

Investments (Tables)	12 Months Ended
Investments (Tables)	Dec. 31, 2023
Investments	Investments consist of the following: December 31, 2023 2022 Investments of Consolidated Blackstone Funds $ 4,319,483 $ 5,136,966 Equity Method Investments Partnership Investments 5,924,275 5,530,419 Accrued Performance Allocations 10,775,355 12,360,684 Corporate Treasury Investments 803,870 1,053,540 Other Investments 4,323,639 3,471,642 $ 26,146,622 $ 27,553,251
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 Consolidated Statements of Operations: Year Ended December 31, 2023 2022 2021 Realized Gains (Losses) $ (42,756 ) $ 99,457 $ 145,305 Net Change in Unrealized Gains (Losses) (80,416 ) (264,204 ) 289,938 Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds (123,172 ) (164,747 ) 435,243 Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds 66,371 59,605 26,381 Other Income (Loss) — Net Gains (Losses) from Fund Investment Activities $ (56,801 ) $ (105,142 ) $ 461,624
Summarized Financial Information of Partnership's Equity Method Investments	The summarized financial information of Blackstone’s equity method investments for December 31, 2023 are as follows: December 31, 2023 and the Year Then Ended Real Private Credit & Hedge Fund Total Statement of Financial Condition Assets Investments $ 283,919,193 $ 188,647,324 $ 91,574,839 $ 38,818,152 $ 602,959,508 Other Assets 12,496,703 5,179,667 4,995,562 4,689,405 27,361,337 Total Assets $ 296,415,896 $ 193,826,991 $ 96,570,401 $ 43,507,557 $ 630,320,845 Liabilities and Equity Debt $ 113,462,431 $ 21,920,796 $ 37,327,026 $ 464,138 $ 173,174,391 Other Liabilities 7,365,824 2,126,739 4,008,215 3,809,685 17,310,463 Total Liabilities 120,828,255 24,047,535 41,335,241 4,273,823 190,484,854 Equity 175,587,641 169,779,456 55,235,160 39,233,734 439,835,991 Total Liabilities and Equity $ 296,415,896 $ 193,826,991 $ 96,570,401 $ 43,507,557 $ 630,320,845 Statement of Operations Interest Income $ 4,673,775 $ 1,773,062 $ 8,890,426 $ 27,904 $ 15,365,167 Other Income 10,786,480 531,842 324,061 981,839 12,624,222 Interest Expense (6,614,272 ) (1,303,673 ) (2,583,654 ) (42,721 ) (10,544,320 ) Other Expenses (11,705,874 ) (2,040,168 ) (1,691,066 ) (864,941 ) (16,302,049 ) Net Realized and Unrealized Gain (Loss) from Investments (7,330,220 ) 12,458,943 1,124,916 3,076,084 9,329,723 Net Income $ (10,190,111 ) $ 11,420,006 $ 6,064,683 $ 3,178,165 $ 10,472,743 The summarized financial information of Blackstone’s equity method investments for December 31, 2022 are as follows: December 31, 2022 and the Year Then Ended Real Private Credit & Hedge Fund Total Statement of Financial Condition Assets Investments $ 295,985,447 $ 182,732,362 $ 87,362,311 $ 38,209,892 $ 604,290,012 Other Assets 13,601,083 3,194,088 6,345,260 4,079,065 27,219,496 Total Assets $ 309,586,530 $ 185,926,450 $ 93,707,571 $ 42,288,957 $ 631,509,508 Liabilities and Equity Debt $ 118,075,949 $ 22,779,131 $ 39,049,599 $ 662,805 $ 180,567,484 Other Liabilities 7,735,780 1,310,998 5,644,625 2,092,757 16,784,160 Total Liabilities 125,811,729 24,090,129 44,694,224 2,755,562 197,351,644 Equity 183,774,801 161,836,321 49,013,347 39,533,395 434,157,864 Total Liabilities and Equity $ 309,586,530 $ 185,926,450 $ 93,707,571 $ 42,288,957 $ 631,509,508 Statement of Operations Interest Income $ 2,917,115 $ 2,012,916 $ 5,764,150 $ 16,069 $ 10,710,250 Other Income 9,432,802 824,779 690,193 286,444 11,234,218 Interest Expense (3,644,118 ) (722,626 ) (1,450,447 ) (41,522 ) (5,858,713 ) Other Expenses (11,089,520 ) (2,132,320 ) (1,303,902 ) (255,459 ) (14,781,201 ) Net Realized and Unrealized Gain (Losses) from Investments 7,807,056 2,146,281 (1,330,895 ) 483,946 9,106,388 Net Income $ 5,423,335 $ 2,129,030 $ 2,369,099 $ 489,478 $ 10,410,942 The summarized financial information of Blackstone’s equity method investments for December 31, 2021 are as follows: December 31, 2021 and the Year Then Ended Real Private Credit & Hedge Fund Total Statement of Financial Condition Assets Investments $ 241,808,879 $ 175,726,829 $ 68,426,090 $ 39,691,668 $ 525,653,466 Other Assets 13,463,009 5,776,462 5,412,041 3,020,159 27,671,671 Total Assets $ 255,271,888 $ 181,503,291 $ 73,838,131 $ 42,711,827 $ 553,325,137 Liabilities and Equity Debt $ 76,760,932 $ 20,434,354 $ 30,792,984 $ 1,243,453 $ 129,231,723 Other Liabilities 6,999,032 2,153,071 3,159,548 3,084,558 15,396,209 Total Liabilities 83,759,964 22,587,425 33,952,532 4,328,011 144,627,932 Equity 171,511,924 158,915,866 39,885,599 38,383,816 408,697,205 Total Liabilities and Equity $ 255,271,888 $ 181,503,291 $ 73,838,131 $ 42,711,827 $ 553,325,137 Statement of Operations Interest Income $ 1,422,743 $ 1,640,402 $ 2,584,486 $ 3,563 $ 5,651,194 Other Income 6,115,960 318,485 306,490 315,894 7,056,829 Interest Expense (1,475,065 ) (331,350 ) (427,459 ) (30,073 ) (2,263,947 ) Other Expenses (6,847,739 ) (1,666,930 ) (828,689 ) (282,474 ) (9,625,832 ) Net Realized and Unrealized Gain from Investments 31,078,396 43,895,781 3,562,579 4,605,235 83,141,991 Net Income (Loss) $ 30,294,295 $ 43,856,388 $ 5,197,407 $ 4,612,145 $ 83,960,235
Performance Fees Allocated to Funds	Accrued Performance Allocations to Blackstone were as follows: Real Estate Private Equity Credit & Hedge Fund Total Accrued Performance Allocations, December 31, 2022 $ 5,334,117 $ 6,037,575 $ 569,898 $ 419,094 $ 12,360,684 Performance Allocations as a Result of Changes in Fund Fair Values (1,582,400 ) 1,753,730 278,655 173,502 623,487 Foreign Exchange Gain 9,069 — — — 9,069 Fund Distributions (770,184 ) (1,084,061 ) (248,774 ) (114,866 ) (2,217,885 ) Accrued Performance Allocations, December 31, 2023 $ 2,990,602 $ 6,707,244 $ 599,779 $ 477,730 $ 10,775,355
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: Year Ended December 31, 2023 2022 2021 Realized Gains (Losses) $ (4,881 ) $ (21,511 ) $ 741 Net Change in Unrealized Gains (Losses) 17,392 (57,426 ) 39,549 $ 12,511 $ (78,937 ) $ 40,290
Realized and Net Change in Unrealized Gains in Other Investments	The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments: Year Ended December 31, 2023 2022 2021 Realized Gains (Losses) $ (19,346 ) $ 203,327 $ 163,199 Net Change in Unrealized Gains (Losses) (47,017 ) (1,128,244 ) 340,867 $ (66,363 ) $ (924,917 ) $ 504,066

Net Asset Value as Fair Value (

Net Asset Value as Fair Value (Tables)	12 Months Ended
Net Asset Value as Fair Value (Tables)	Dec. 31, 2023
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 December 31, 2023 is presented below: Strategy (a) Fair Value Redemption Redemption Equity $ 445,626 (b) (b) Real Estate 112,633 (c) (c) Other 7,275 (d) (d) $ 565,534 (a) As of December 31, 2023, 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 40% 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 60% 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)	12 Months Ended
Derivative Financial Instruments (Tables)	Dec. 31, 2023
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. December 31, 2023 December 31, 2022 Assets Liabilities Assets Liabilities Notional Fair Value Notional Fair Notional Fair Notional Fair Freestanding Derivatives Blackstone Interest Rate Contracts $ 634,840 $ 145,798 $ 607,000 $ 86,589 $ 789,540 $ 188,043 $ 621,700 $ 83,331 Foreign Currency Contracts 387,102 11,442 334,228 3,538 541,238 8,040 190,774 3,542 Credit Default Swaps 3,108 479 3,748 508 2,007 384 8,768 1,309 Total Return Swaps 63,158 13,171 — — 42,233 6,210 — — Equity Options — — 1,110,490 563,986 — — 996,592 48,581 1,088,208 170,890 2,055,466 654,621 1,375,018 202,677 1,817,834 136,763 Investments of Consolidated Blackstone Funds Interest Rate Contracts 855,683 19,189 — — 931,752 74,926 — — Foreign Currency Contracts — — — — — — 5,133 284 855,683 19,189 — — 931,752 74,926 5,133 284 $ 1,943,891 $ 190,079 $ 2,055,466 $ 654,621 $ 2,306,770 $ 277,603 $ 1,822,967 $ 137,047
Summary of Impact of Derivative Financial Instruments to Consolidated Statements of Operations	The table below summarizes the impact to the Consolidated Statements of Operations from derivative financial instruments: Year Ended December 31, 2023 2022 2021 Freestanding Derivatives Realized Gains (Losses) Interest Rate Contracts $ 24,291 $ 15,319 $ 1,727 Foreign Currency Contracts 443 (8,520 ) (1,152 ) Credit Default Swaps (413 ) (231 ) (1,488 ) Total Return Swaps 15,775 1,654 (1,254 ) Other — — (40 ) 40,096 8,222 (2,207 ) Net Change in Unrealized Gains (Losses) Interest Rate Contracts (87,177 ) 167,706 89,702 Foreign Currency Contracts 3,288 9,666 608 Credit Default Swaps 363 73 1,112 Total Return Swaps 6,381 5,290 2,130 Equity Options (515,405 ) (48,581 ) — Other — — (20 ) (592,550 ) 134,154 93,532 $ (552,454 ) $ 142,376 $ 91,325

Fair Value Option (Tables)

Fair Value Option (Tables)	12 Months Ended
Fair Value Option (Tables)	Dec. 31, 2023
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: December 31, 2023 2022 Assets Loans and Receivables $ 60,738 $ 315,039 Equity and Preferred Securities 2,894,302 1,868,192 Debt Securities 63,486 24,784 Assets of Consolidated CLO Vehicles Corporate Loans 938,801 — $ 3,957,327 $ 2,208,015 Liabilities CLO Notes Payable $ 687,122 $ — Corporate Treasury Commitments 1,264 8,144 $ 688,386 $ 8,144
Realized and Net Change in Unrealized Gains (Losses) on Financial Instruments on Financial Instruments on Which Fair Value Option was Elected	The following table presents the Realized and Net Change in Unrealized Gains (Losses) on financial instruments on which the fair value option was elected: Year Ended December 31, 2023 2022 2021 Net Change Net Change Net Change Realized in Unrealized Realized in Unrealized Realized in Unrealized Gains Gains Gains Gains Gains Gains (Losses) (Losses) (Losses) (Losses) (Losses) (Losses) Assets Loans and Receivables $ (8,053 ) $ 4,886 $ (10,733 ) $ (464 ) $ (11,661 ) $ 3,481 Equity and Preferred Securities (1,439 ) (122,605 ) 22,285 (91,338 ) 42,791 53,157 Debt Securities — (3,884 ) (22,240 ) (19,490 ) 14,399 (14,210 ) Assets of Consolidated CLO Vehicles Corporate Loans (6,063 ) 8,728 — — — — $ (15,555 ) $ (112,875 ) $ (10,688 ) $ (111,292 ) $ 45,529 $ 42,428 Liabilities CLO Notes Payable $ — $ 282 $ — $ — $ — $ — Corporate Treasury Commitments — 6,880 — (7,508 ) — (383 ) $ — $ 7,162 $ — $ (7,508 ) $ — $ (383 )
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: December 31, 2023 December 31, 2022 For Financial Assets Past Due (a) For Financial Assets Excess Excess Excess Excess (Deficiency) (Deficiency) (Deficiency) (Deficiency) of Fair Value Fair of Fair Value of Fair Value Fair of Fair Value Over Principal Value Over Principal Over Principal Value Over Principal Loans and Receivables $ 675 $ — $ — $ (2,861 ) $ — $ — Debt Securities (52,577 ) — — (48,670 ) — — Assets of Consolidated CLO Vehicles Corporate Loans (8,751 ) 1,345 — — — — $ (60,653 ) $ 1,345 $ — $ (51,531 ) $ — $ — (a) Assets are classified as past due if contractual payments are more than 90 days past due.

Fair Value Measurements of Fi_2

Fair Value Measurements of Financial Instruments (Tables)	12 Months Ended
Fair Value Measurements of Financial Instruments (Tables)	Dec. 31, 2023
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: December 31, 202 3 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 December 31, 2022 Level I Level II Level III NAV Total Assets Cash and Cash Equivalents $ 1,134,733 $ — $ — $ — $ 1,134,733 Investments Investments of Consolidated Blackstone Funds Equity Securities, Partnerships and LLC Interests (a) 12,024 149,689 4,195,859 596,708 4,954,280 Debt Instruments — 53,787 53,973 — 107,760 Freestanding Derivatives — 74,926 — — 74,926 Total Investments of Consolidated Blackstone Funds 12,024 278,402 4,249,832 596,708 5,136,966 Corporate Treasury Investments 116,266 931,406 5,868 — 1,053,540 Other Investments 1,473,611 1,597,696 51,155 5,985 3,128,447 Total Investments 1,601,901 2,807,504 4,306,855 602,693 9,318,953 Accounts Receivable — Loans and Receivables — — 315,039 — 315,039 Other Assets — Freestanding Derivatives 279 196,188 6,210 — 202,677 $ 2,736,913 $ 3,003,692 $ 4,628,104 $ 602,693 $ 10,971,402 Liabilities Accounts Payable, Accrued Expenses and Other Liabilities Consolidated Blackstone Funds — Freestanding Derivatives $ — $ 284 $ — $ — $ 284 Freestanding Derivatives 21 88,161 48,581 — 136,763 Corporate Treasury Commitments — — 8,144 — 8,144 Securities Sold, Not Yet Purchased 3,825 — — — 3,825 Total Accounts Payable, Accrued Expenses and Other Liabilities 3,846 88,445 56,725 — 149,016 $ 3,846 $ 88,445 $ 56,725 $ — $ 149,016 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 December 31, 2023. Consistent with presentation in these Notes to Consolidated Financial Statements, this table presents the Level III Investments only of Consolidated Blackstone Funds and therefore does not reflect any other Blackstone Funds. Impact to Valuation from an Valuation Unobservable Weighted- Increase Fair Value Techniques Inputs Ranges Average (a) in Input 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 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, 2022: Impact to Valuation from an Valuation Unobservable Weighted- Increase Fair Value Techniques Inputs Ranges Average (a) in Input Financial Assets Investments of Consolidated Blackstone Funds Equity Securities, Partnership and LLC Interests $ 4,195,859 Discounted Cash Flows Discount Rate 4.1% - 34.5% 8.8% Lower Exit Multiple - EBITDA 4.0x - 30.6x 14.7x Higher Exit Capitalization Rate 2.6% - 14.4% 4.7% Lower Transaction Price n/a Debt Instruments 53,973 Transaction Price n/a Third Party Pricing n/a Total Investments of Consolidated Blackstone Funds 4,249,832 Corporate Treasury Investments 5,868 Third Party Pricing n/a Loans and Receivables 315,039 Discounted Cash Flows Discount Rate 7.6% - 11.5% 9.8% Lower Other Investments (b) 57,365 Transaction Price n/a Third Party Pricing n/a $ 4,628,104 Financial Liabilities Freestanding Derivatives (c) $ 48,581 Option Pricing Model Volatility 6.1% n/a Higher Other Liabilities (d) 8,144 Third Party Pricing n/a $ 56,725 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 December 31, 2023 and 2022, 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 December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments. As of December 31, 2022, Other Liabilities is comprised only of 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 (Losses) from Fund Investment Activities in the Consolidated Statements of Operations. Level III Financial Assets at Fair Value Year Ended December 31, 2023 2022 Investments of Loans and Receivables Other Total Investments of Loans and Receivables Other Total Balance, Beginning of Period $ 4,249,832 $ 315,039 $ 30,971 $ 4,595,842 $ 1,200,315 $ 392,732 $ 43,987 $ 1,637,034 Transfer In Due to Consolidation and Acquisition — — — — 2,985,171 — — 2,985,171 Transfer Out Due to Deconsolidation (1,453,837 ) — — (1,453,837 ) — — — — Transfer In to Level III (b) 28,190 — 898 29,088 2,040 — 2,517 4,557 Transfer Out of Level III (b) (18,197 ) — (3,374 ) (21,571 ) (76,621 ) — (19,597 ) (96,218 ) Purchases 294,789 284,002 354,202 932,993 636,338 805,375 14,524 1,456,237 Sales (289,721 ) (563,732 ) (14,542 ) (867,995 ) (428,379 ) (882,668 ) (3,797 ) (1,314,844 ) Issuances — 68,450 — 68,450 — 39,514 — 39,514 Settlements (c) — (70,419 ) (8,252 ) (78,671 ) — (55,308 ) (4,433 ) (59,741 ) Changes in Gains (Losses) Included in Earnings (127,425 ) 27,398 13,121 (86,906 ) (69,032 ) 15,394 (2,230 ) (55,868 ) Balance, End of Period $ 2,683,631 $ 60,738 $ 373,024 $ 3,117,393 $ 4,249,832 $ 315,039 $ 30,971 $ 4,595,842 Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date $ (94,828 ) $ 2,227 $ 7,725 $ (84,876 ) $ (136,037 ) $ (13,384 ) $ (11,271 ) $ (160,692 ) Level III Financial Liabilities at Fair Value Year Ended December 31, 2023 2022 Freestanding Other Total Freestanding Other Total Balance, Beginning of Period $ 48,581 $ 8,144 $ 56,725 $ — $ 636 $ 636 Transfer In Due to Consolidation and Acquisition — 800 800 — — — Sales — (413 ) (413 ) — — — Changes in Losses (Gains) Included in Earnings 515,405 (6,880 ) 508,525 48,581 7,508 56,089 Balance, End of Period $ 563,986 $ 1,651 $ 565,637 $ 48,581 $ 8,144 $ 56,725 Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date $ 515,405 $ (6,880 ) $ 508,525 $ 48,581 $ 7,508 $ 56,089 (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. (d) As of December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments. As of December 31, 2022, Other Liabilities is comprised only of Level III Corporate Treasury Commitments.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
Variable Interest Entities (Tables)	Dec. 31, 2023
Maximum Exposure to Loss Relating to Non-Consolidated VIEs	Blackstone’s maximum exposure to loss relating to non-consolidated VIEs were as follows: December 31, December 31, Investments $ 3,751,591 $ 3,326,669 Due from Affiliates 203,187 189,240 Potential Clawback Obligation 72,119 384,926 Maximum Exposure to Loss $ 4,026,897 $ 3,900,835 Amounts Due to Non-Consolidated VIEs $ 223 $ 6

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	12 Months Ended
Repurchase Agreements (Tables)	Dec. 31, 2023
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 December 31, 2022. At December 31, 2023, Blackstone had no Repurchase Agreements and hence no collateral outstanding. December 31, 2022 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 - 90 Greater than Total Repurchase Agreements Loans — 70,776 — 19,168 89,944 Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 12. “Offsetting of Assets and Liabilities” $ 89,944 Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 12. “Offsetting of Assets and Liabilities” $ —

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
Other Assets (Tables)	Dec. 31, 2023
Other Assets	Other Assets consists of the following: December 31, 2023 2022 Furniture, Equipment and Leasehold Improvements $ 937,355 $ 748,334 Less: Accumulated Depreciation (394,602 ) (336,621 ) Furniture, Equipment and Leasehold Improvements, Net 542,753 411,713 Prepaid Expenses 207,886 165,079 Freestanding Derivatives 170,890 202,677 Other 23,319 20,989 $ 944,848 $ 800,458

Offsetting of Assets And Liab_2

Offsetting of Assets And Liabilities (Tables)	12 Months Ended
Offsetting of Assets And Liabilities (Tables)	Dec. 31, 2023
Offsetting of Assets	The following tables present the offsetting of assets and liabilities as of December 31, 2023 and 2022: December 31, 2023 Gross and Net Amounts of Assets Gross Amounts Not Offset in the Statement of Financial Condition Financial Cash Collateral Net Assets Freestanding Derivatives $ 190,079 $ 107,330 $ 49,532 $ 33,217 December 31, 2023 Gross and Net Financial Condition Gross Amounts Not Offset in the Statement of Financial Condition Financial Cash Collateral Net Liabilities Freestanding Derivatives $ 90,635 $ 87,777 $ 625 $ 2,233
Offsetting of Liabilities	December 31, 2022 Gross and Net Gross Amounts Not Offset in the Statement of Financial Condition Financial Cash Collateral Net Assets Freestanding Derivatives $ 277,603 $ 165,897 $ 96,436 $ 15,270 December 31, 2022 Gross and Net Financial Condition Gross Amounts Not Offset in the Statement of Financial Condition Net Financial Cash Collateral Liabilities Freestanding Derivatives $ 88,182 $ 85,366 $ 1,345 $ 1,471 Repurchase Agreements 89,944 89,944 — — $ 178,126 $ 175,310 $ 1,345 $ 1,471 (a) Amounts presented are inclusive of both legally enforceable master netting agreements, and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net balance sheet exposure. Repurchase Agreements and Freestanding Derivative liabilities are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Consolidated Statements of Financial Condition. See Note 11. “Other Assets” for the components of Other Assets.

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
Borrowings (Tables)	Dec. 31, 2023
Partnership's Credit Facilities	December 31, 2023 2022 Credit Borrowing Effective Credit Borrowing Effective Revolving Credit Facility (a) $ 4,325,000 $ — - $ 4,135,000 $ — - Blackstone Issued Senior Notes (b) 4.750%, Due 2/15/2023 — — - 400,000 400,000 5.07 % 2.000%, Due 5/19/2025 331,170 331,170 2.16 % 321,150 321,150 2.19 % 1.000%, Due 10/5/2026 662,340 662,340 1.16 % 642,300 642,300 1.16 % 3.150%, Due 10/2/2027 300,000 300,000 3.30 % 300,000 300,000 3.29 % 5.900%, Due 11/3/2027 600,000 600,000 6.13 % 600,000 600,000 6.19 % 1.625%, Due 8/5/2028 650,000 650,000 1.79 % 650,000 650,000 1.83 % 1.500%, Due 4/10/2029 662,340 662,340 1.60 % 642,300 642,300 1.61 % 2.500%, Due 1/10/2030 500,000 500,000 2.73 % 500,000 500,000 2.73 % 1.600%, Due 3/30/2031 500,000 500,000 1.71 % 500,000 500,000 1.70 % 2.000%, Due 1/30/2032 800,000 800,000 2.18 % 800,000 800,000 2.18 % 2.550%, Due 3/30/2032 500,000 500,000 2.67 % 500,000 500,000 2.66 % 6.200%, Due 4/22/2033 900,000 900,000 6.33 % 900,000 900,000 6.40 % 3.500%, Due 6/1/2034 551,950 551,950 3.90 % 535,250 535,250 3.79 % 6.250%, Due 8/15/2042 250,000 250,000 6.65 % 250,000 250,000 6.65 % 5.000%, Due 6/15/2044 500,000 500,000 5.16 % 500,000 500,000 5.16 % 4.450%, Due 7/15/2045 350,000 350,000 4.56 % 350,000 350,000 4.56 % 4.000%, Due 10/2/2047 300,000 300,000 4.20 % 300,000 300,000 4.20 % 3.500%, Due 9/10/2049 400,000 400,000 3.61 % 400,000 400,000 3.61 % 2.800%, Due 9/30/2050 400,000 400,000 2.88 % 400,000 400,000 2.88 % 2.850%, Due 8/5/2051 550,000 550,000 2.91 % 550,000 550,000 2.92 % 3.200%, Due 1/30/2052 1,000,000 1,000,000 3.27 % 1,000,000 1,000,000 3.26 % 15,032,800 10,707,800 15,176,000 11,041,000 Other (c) Secured Borrowing, Due 10/27/2033 19,949 19,949 7.69 % — — - Secured Borrowing, Due 1/29/2035 20,000 20,000 3.72 % — — - 15,072,749 10,747,749 15,176,000 11,041,000 Borrowings of Consolidated Blackstone Funds Blackstone Fund Facilities (d) — — - 1,450,000 1,450,000 - CLO Notes Payable (e) 858,133 858,133 7.57 % — — - 858,133 858,133 1,450,000 1,450,000 $ 15,930,882 $ 11,605,882 $ 16,626,000 $ 12,491,000 (a) Represents the Credit Facility of Blackstone, through the Issuer. Interest on the borrowings is based on an adjusted Secured Overnight Finance Rate (“SOFR”) or alternate base rate, in each case plus a margin, and undrawn commitments bear a commitment fee of 0.06%. The margin above adjusted SOFR used to calculate interest on borrowings was 0.75% plus an additional credit spread adjustment of 0.10% to account for the difference between London Interbank Offered Rate (“LIBOR”) and SOFR. The margin is subject to change based on Blackstone’s credit rating. Borrowings may also be made in U.K. sterling, euros, Swiss francs, Japanese yen or Canadian dollars, in each case subject to certain sub-limits. The Credit Facility contains customary representations, covenants and events of default. Financial covenants consist of a maximum net leverage ratio and a requirement to keep a minimum amount of fee-earning assets under management, each tested quarterly. As of December 31, 2023 and 2022, Blackstone had outstanding but undrawn letters of credit against the Credit Facility of $40.3 million and $11.2 million, respectively. The amount Blackstone can draw from the Credit Facility is reduced by the undrawn letters of credit, however the Credit Available presented herein is not reduced by the undrawn letters of credit. (b) The Issuer has issued long-term borrowings in the form of senior notes (the “Notes”). The Notes are unsecured and unsubordinated obligations of the Issuer. The Notes are fully and unconditionally guaranteed, jointly and severally, by Blackstone, the Guarantors and the Issuer. The guarantees are unsecured and unsubordinated obligations of the Guarantors. Transaction costs related to the issuance of the Notes have been deducted from the Note liability and are being amortized over the life of the Notes. The indentures include covenants, including limitations on the Issuer’s and the Guarantors’ ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or lease assets. The indentures also provide for events of default and further provide that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the Notes and any accrued and unpaid interest on the Notes automatically become due and payable. All or a portion of the Notes may be redeemed at the Issuer’s option in whole or in part, at any time and from time to time, prior to their stated maturity, at the make-whole redemption price set forth in the Notes. If a change of control repurchase event occurs, the holders of the Notes may require the Issuer to repurchase the Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to, but not including, the date of repurchase. (c) 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 December 31, 2023, the fair value of the assets securing both Secured Borrowings equaled $49.0 million. (d) Represents borrowing facilities for the various consolidated Blackstone Funds used to meet liquidity and investing needs. Certain borrowings under these facilities were used for bridge financing and general liquidity purposes. Other borrowings were used to finance the purchase of investments with the borrowing remaining in place until the disposition or refinancing event. Such borrowings have varying maturities and may be rolled over until the disposition or refinancing event. Because the timing of such events is unknown and may occur in the near term, these borrowings are considered short-term in nature. Borrowings bear interest at spreads to market rates or at stated fixed rates that can vary over the borrowing term. Interest may be subject to the performance of the asset and therefore, the stated interest rate and effective interest rate may differ. Borrowings were secured according to the terms of each facility and are generally secured by the investment purchased with the proceeds of the borrowing and/or the uncalled capital commitment of each respective fund. Certain facilities have commitment fees. When a fund borrows, the proceeds are available only for use by that fund and are not available for the benefit of other funds. Collateral within each fund is also available only against the borrowings by that fund and not against the borrowings of other funds. These funds have been deconsolidated as of December 31, 2023. (e) CLO Notes Payable have maturity dates ranging from June 2025 to January 2037. 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.
Carrying Value and Fair Value of Blackstone Issued Notes	The following table presents the general characteristics of each of Blackstone’s notes, as well as their carrying value and fair value. The borrowings are included in Loans Payable within the 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 December 31, 2023 2022 Description Carrying Value Fair Value Carrying Value Fair Value Blackstone Operating Borrowings Senior Notes (a) 4.750%, Due 2/15/2023 $ — $ — $ 399,838 $ 399,776 2.000%, Due 5/19/2025 336,005 324,778 325,292 305,754 1.000%, Due 10/5/2026 664,085 620,864 642,968 568,525 3.150%, Due 10/2/2027 298,476 283,059 298,101 271,284 5.900%, Due 11/3/2027 595,411 625,158 594,381 606,450 1.625%, Due 8/5/2028 645,406 566,508 644,456 530,933 1.500%, Due 4/10/2029 666,655 601,272 645,819 532,043 2.500%, Due 1/10/2030 493,573 431,005 492,604 405,965 1.600%, Due 3/30/2031 496,447 391,955 495,990 365,380 2.000%, Due 1/30/2032 789,283 633,153 788,082 589,407 2.550%, Due 3/30/2032 495,670 410,755 495,207 390,370 6.200%, Due 4/22/2033 891,899 962,037 891,277 907,965 3.500%, Due 6/1/2034 521,549 536,319 504,695 452,934 6.250%, Due 8/15/2042 239,457 263,270 239,176 251,480 5.000%, Due 6/15/2044 489,975 464,560 489,704 441,355 4.450%, Due 7/15/2045 344,691 297,486 344,549 287,242 4.000%, Due 10/2/2047 291,149 233,685 290,935 227,946 3.500%, Due 9/10/2049 392,436 294,608 392,259 275,588 2.800%, Due 9/30/2050 394,103 252,008 393,958 237,552 2.850%, Due 8/5/2051 543,317 352,457 543,162 323,527 3.200%, Due 1/30/2052 987,401 696,740 987,131 646,880 10,576,988 9,241,677 10,899,584 9,018,356 Other Secured Borrowing, Due 10/27/2033 19,949 19,949 — — Secured Borrowing, Due 1/29/2035 20,000 20,000 — — 10,616,937 9,281,626 10,899,584 9,018,356 Borrowings of Consolidated Blackstone Funds Blackstone Fund Facilities — — 1,450,000 1,450,000 CLO Notes Payable 687,122 687,122 — — 687,122 687,122 1,450,000 1,450,000 $ 11,304,059 $ 9,968,748 $ 12,349,584 $ 10,468,356 (a) Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.
Scheduled Principal Payments for Borrowings	Scheduled principal payments for borrowings at December 31, 2023 were as follows: Blackstone Borrowings of Total 2024 $ 17 $ — $ 17 2025 339,393 — 339,393 2026 668,387 — 668,387 2027 911,572 — 911,572 2028 664,090 — 664,090 Thereafter 8,164,290 858,133 9,022,423 $ 10,747,749 $ 858,133 $ 11,605,882

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2023
Leases [Abstract]
Schedule of components of lease expense	The components of lease expense were as follows: Year Ended December 31, 2023 2022 2021 Operating Lease Cost Straight-Line Lease Cost (a) $ 160,534 $ 139,740 $ 115,875 Variable Lease Cost (b) 15,268 12,072 10,959 Sublease Income (63 ) (888 ) (1,695 ) $ 175,739 $ 150,924 $ 125,139 (a) Straight-line lease cost includes short-term leases, which are immaterial. (b) Variable lease cost approximates variable lease cash payments.
Schedule of Supplemental cash flow information related to leases	Supplemental cash flow information related to leases were as follows: Year Ended December 31, 2023 2022 2021 Operating Cash Flows for Operating Lease Liabilities $ 127,183 $ 107,249 $ 96,007 Non-Cash Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities $ 117,155 $ 278,010 $ 352,298
Schedule of Undiscounted cash flows on an annual basis for Operating Lease Liabilities	The following table shows the undiscounted cash flows on an annual basis for Operating Lease Liabilities as of December 31, 2023: 2024 $ 163,003 2025 180,732 2026 179,046 2027 175,916 2028 169,824 Thereafter 180,540 Total Lease Payments (a) 1,049,061 Less: Imputed Interest (59,238 ) Present Value of Operating Lease Liabilities $ 989,823 (a) Excludes signed leases that have not yet commenced.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2023
Income Before Provision for Taxes	The Income Before Provision for Taxes consists of the following: Year Ended December 31, 2023 2022 2021 Income Before Provision (Benefit) for Taxes U.S. Domestic Income $ 2,577,184 $ 3,023,588 $ 13,275,132 Foreign Income 380,530 438,201 284,264 $ 2,957,714 $ 3,461,789 $ 13,559,396
Provision (Benefit) for Income Taxes	The Provision for Taxes consists of the following: Year Ended December 31, 2023 2022 2021 Current Federal Income Tax $ 362,144 $ 503,075 $ 507,648 Foreign Income Tax 112,861 75,859 55,376 State and Local Income Tax 186,851 255,421 156,735 661,856 834,355 719,759 Deferred Federal Income Tax (94,732 ) (312,961 ) 373,223 Foreign Income Tax (7,020 ) (3,048 ) (2,654 ) State and Local Income Tax (46,643 ) (45,466 ) 94,073 (148,395 ) (361,475 ) 464,642 Provision for Taxes $ 513,461 $ 472,880 $ 1,184,401
Summary of Blackstone's Tax Position	The following table summarizes Blackstone’s tax position: Year Ended December 31, 2023 2022 2021 Income Before Provision for Taxes $ 2,957,714 $ 3,461,789 $ 13,559,396 Provision for Taxes $ 513,461 $ 472,880 $ 1,184,401 Effective Income Tax Rate 17.4 % 13.7 % 8.7 %
Reconciliations of Effective Income Tax Rate to Federal Statutory Tax Rate	The following table reconciles the effective income tax rate to the U.S. federal statutory tax rate: 2023 2022 Year Ended December 31, vs. vs. 2023 2022 2021 2022 2021 Statutory U.S. Federal Income Tax Rate 21.0 % 21.0 % 21.0 % — — Income Passed Through to Non-Controlling Interest Holders -8.2 % -8.1 % -10.2 % -0.1 % 2.1 % State and Local Income Taxes 4.3 % 6.0 % 2.1 % -1.7 % 3.9 % Change in Valuation Allowance — — -4.1 % — 4.1 % Basis Adjustment (a) — -4.6 % — 4.6 % -4.6 % Other 0.3 % -0.6 % -0.1 % 0.9 % -0.5 % Effective Income Tax Rate 17.4 % 13.7 % 8.7 % 3.7 % 5.0 % (a) Represents the impact of the out-of-period adjustment made during the year ended December 31, 2022 to revise the book investment basis used to calculate deferred tax assets and the deferred tax provision.
Summary of Tax Effects of Temporary Differences	A summary of the tax effects of the temporary differences is as follows: December 31, 2023 2022 Deferred Tax Assets Investment Basis Differences/Net Unrealized Gains and Losses $ 2,210,974 $ 2,031,002 Other 120,420 31,720 Total Deferred Tax Assets 2,331,394 2,062,722 Deferred Tax Liabilities Investment Basis Differences/Net Unrealized Gains and Losses 18,333 15,409 Other 2,163 31,498 Total Deferred Tax Liabilities 20,496 46,907 Net Deferred Tax Assets $ 2,310,898 $ 2,015,815
Schedule of Major Filing Jurisdictions and Open Period Subject to Examinations	The following are the major filing jurisdictions and their respective earliest open period subject to examination: Jurisdiction Year Federal 2020 New York City 2009 New York State 2016 United Kingdom 2011
Blackstone's Unrecognized Tax Benefits Excluding Related Interest and Penalties	Blackstone’s unrecognized tax benefits, excluding related interest and penalties, were: December 31, 2023 2022 2021 Unrecognized Tax Benefits — January 1 $ 153,624 $ 47,501 $ 32,933 Additions Based on Tax Positions Related to Current Year 19,807 — — Reductions for Tax Positions of Current Year (19,737 ) — — Additions for Tax Positions of Prior Years 57,081 106,059 14,557 Exchange Rate Fluctuations 3 64 11 Unrecognized Tax Benefits — December 31 $ 210,778 $ 153,624 $ 47,501

Earnings Per Share and Stockh_2

Earnings Per Share and Stockholders' Equity (Tables)	12 Months Ended
Earnings Per Share and Stockholders' Equity (Tables)	Dec. 31, 2023
Basic and Diluted Net Income Per Common Stock	Basic and diluted net income per share of common stock for the years ended December 31, 2023, 2022 and 2021 was calculated as follows: Year Ended December 31, 2023 2022 2021 Net Income for Per Share of Common Stock Calculations Net Income Attributable to Blackstone Inc., Basic and Diluted $ 1,390,880 $ 1,747,631 $ 5,857,397 Shares/Units Outstanding Weighted-Average Shares of Common Stock Outstanding, Basic 755,204,556 740,664,038 719,766,879 Weighted-Average Shares of Unvested Deferred Restricted Common Stock (a) 215,380 278,361 358,164 Weighted-Average Shares of Common Stock Outstanding, Diluted 755,419,936 740,942,399 720,125,043 Net Income Per Share of Common Stock Basic $ 1.84 $ 2.36 $ 8.14 Diluted $ 1.84 $ 2.36 $ 8.13 Dividends Declared Per Share of Common Stock (b) $ 3.32 $ 4.94 $ 3.57 (a) For the year ended December 31, 2023, this includes shares to be issued under the contingently issuable share model for an acquisition-related compensation arrangement. (b) Dividends declared reflects the calendar date of the declaration for each distribution. The fourth quarter dividends, if any, for any fiscal year will be declared and paid in the subsequent fiscal year. 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 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 periods indicated: Year Ended December 31, 2023 2022 2021 Weighted-Average Blackstone Holdings Partnership Units 460,897,953 466,083,269 486,157,205
Schedule of Shares Eligible For Dividends and Distribution	As of December 31, 2023, 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 719,358,114 Unvested Participating Common Stock 38,680,985 Total Participating Common Stock 758,039,099 Participating Blackstone Holdings Partnership Units 458,544,363 1,216,583,462

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	12 Months Ended
Equity-Based Compensation (Tables)	Dec. 31, 2023
Summary of Status of Partnership's Unvested Equity-Based Awards	A summary of the status of Blackstone’s unvested equity-based awards as of December 31, 2023 and of changes during the period January 1, 2023 through December 31, 2023 is presented below: Blackstone Holdings Blackstone Inc. Equity Settled Awards Cash Settled Awards Unvested Shares/Units Partnership Weighted- Deferred Weighted- Phantom Weighted- Balance, December 31, 2022 11,029,996 $ 38.02 31,001,563 $ 82.94 48,886 $ 85.04 Granted 209,498 33.73 15,590,890 85.21 69,267 93.20 Vested (6,305,456 ) 37.25 (9,179,271 ) 74.20 (13,840 ) 103.38 Forfeited (348,145 ) 38.30 (956,538 ) 87.22 (18,866 ) 68.63 Balance, December 31, 2023 4,585,893 $ 38.94 36,456,644 $ 86.05 85,447 $ 114.50
Unvested Shares and Units, After Expected Forfeitures	The following unvested shares and units, after expected forfeitures, as of December 31, 2023, are expected to vest: Shares/Units Weighted-Average Blackstone Holdings Partnership Units 4,646,877 0.8 Deferred Restricted Shares of Common Stock 32,671,159 2.9 Total Equity-Based Awards 37,318,036 2.6 Phantom Shares 71,674 3.0

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2023
Due from Affiliates and Due to Affiliates	Due from Affiliates and Due to Affiliates consisted of the following: December 31, 2023 2022 Due from Affiliates Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated Entities and Portfolio Companies $ 3,638,948 $ 3,344,813 Due from Certain Non-Controlling Interest Holders and Blackstone Employees 720,743 741,319 Accrual for Potential Clawback of Previously Distributed Performance Allocations 106,830 60,575 $ 4,466,521 $ 4,146,707 December 31, 2023 2022 Due to Affiliates Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements $ 1,681,516 $ 1,602,933 Due to Non-Consolidated Entities 124,560 157,982 Due to Certain Non-Controlling Interest Holders and Blackstone Employees 305,816 198,875 Accrual for Potential Repayment of Previously Received Performance Allocations 281,518 158,691 $ 2,393,410 $ 2,118,481

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2023
Clawback Obligations by Segment	The following table presents the clawback obligations by segment: December 31, 2023 2022 Segment Blackstone Current and Total (b) Blackstone Current and Total (b) Real Estate $ 145,435 $ 90,337 $ 235,772 $ 78,644 $ 51,771 $ 130,415 Private Equity 29,046 16,231 45,277 19,279 8,569 27,848 Credit & Insurance 207 262 469 223 205 428 $ 174,688 $ 106,830 $ 281,518 $ 98,146 $ 60,545 $ 158,691 (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 18. “Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.”

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
Segment Reporting (Tables)	Dec. 31, 2023
Summary of Revenue from External Customers by Geographic Areas	The table below presents the percentage of total GAAP revenues generated by Blackstone by geographic region Year Ended December 31, 2023 2022 2021 Americas 78 % 83 % 71 % Europe, Middle East and Africa 15 % 15 % 18 % Asia-Pacific 7 % 2 % 11 % 100 % 100 % 100 %
Financial Data of Segments	The following tables present the financial data for Blackstone’s four segments as of December 31, 2023 and 2022, and for the years ended December 31, 2023, 2022 and 2021. December 31, 2023 and the Year Then Ended Real Estate Private Equity Credit & Insurance Hedge Fund Solutions Total Segments Management and Advisory Fees, Net Base Management Fees $ 2,794,232 $ 1,807,906 $ 1,335,408 $ 528,301 $ 6,465,847 Transaction, Advisory and Other Fees, Net 78,483 105,640 44,560 7,209 235,892 Management Fee Offsets (29,357 ) (5,182 ) (3,907 ) (49 ) (38,495 ) Total Management and Advisory Fees, Net 2,843,358 1,908,364 1,376,061 535,461 6,663,244 Fee Related Performance Revenues 294,240 — 564,287 — 858,527 Fee Related Compensation (675,880 ) (595,669 ) (640,190 ) (176,371 ) (2,088,110 ) Other Operating Expenses (325,050 ) (316,741 ) (327,734 ) (114,808 ) (1,084,333 ) Fee Related Earnings 2,136,668 995,954 972,424 244,282 4,349,328 Realized Performance Revenues 244,358 1,268,483 317,760 230,501 2,061,102 Realized Performance Compensation (123,299 ) (558,645 ) (140,490 ) (73,583 ) (896,017 ) Realized Principal Investment Income 7,628 67,133 21,897 14,274 110,932 Total Net Realizations 128,687 776,971 199,167 171,192 1,276,017 Total Segment Distributable Earnings $ 2,265,355 $ 1,772,925 $ 1,171,591 $ 415,474 $ 5,625,345 Segment Assets $ 13,016,980 $ 13,914,844 $ 6,919,377 $ 2,592,710 $ 36,443,911 December 31, 2022 and the Year Then Ended Real Estate Private Equity Credit & Insurance Hedge Fund Solutions Total Segments Management and Advisory Fees, Net Base Management Fees $ 2,462,179 $ 1,786,923 $ 1,230,710 $ 565,226 $ 6,045,038 Transaction, Advisory and Other Fees, Net 171,424 97,876 34,624 6,193 310,117 Management Fee Offsets (10,538 ) (56,062 ) (5,432 ) (177 ) (72,209 ) Total Management and Advisory Fees, Net 2,623,065 1,828,737 1,259,902 571,242 6,282,946 Fee Related Performance Revenues 1,075,424 (648 ) 374,721 — 1,449,497 Fee Related Compensation (1,039,125 ) (575,194 ) (529,784 ) (186,672 ) (2,330,775 ) Other Operating Expenses (315,331 ) (304,177 ) (264,181 ) (105,334 ) (989,023 ) Fee Related Earnings 2,344,033 948,718 840,658 279,236 4,412,645 Realized Performance Revenues 2,985,713 1,191,028 147,413 137,184 4,461,338 Realized Performance Compensation (1,168,045 ) (544,229 ) (63,846 ) (37,977 ) (1,814,097 ) Realized Principal Investment Income 150,790 139,767 80,993 24,706 396,256 Total Net Realizations 1,968,458 786,566 164,560 123,913 3,043,497 Total Segment Distributable Earnings $ 4,312,491 $ 1,735,284 $ 1,005,218 $ 403,149 $ 7,456,142 Segment Assets $ 14,637,693 $ 14,142,313 $ 6,346,001 $ 2,821,753 $ 37,947,760 Year Ended December 31, 2021 Real Estate Private Equity Credit & Insurance Hedge Fund Solutions Total Segments Management and Advisory Fees, Net Base Management Fees $ 1,895,412 $ 1,521,273 $ 765,905 $ 636,685 $ 4,819,275 Transaction, Advisory and Other Fees, Net 160,395 174,905 44,868 11,770 391,938 Management Fee Offsets (3,499 ) (33,247 ) (6,653 ) (572 ) (43,971 ) Total Management and Advisory Fees, Net 2,052,308 1,662,931 804,120 647,883 5,167,242 Fee Related Performance Revenues 1,695,019 212,128 118,097 — 2,025,244 Fee Related Compensation (1,161,349 ) (662,824 ) (367,322 ) (156,515 ) (2,348,010 ) Other Operating Expenses (234,505 ) (264,468 ) (199,912 ) (94,792 ) (793,677 ) Fee Related Earnings 2,351,473 947,767 354,983 396,576 4,050,799 Realized Performance Revenues 1,119,612 2,263,099 209,421 290,980 3,883,112 Realized Performance Compensation (443,220 ) (943,199 ) (94,450 ) (76,701 ) (1,557,570 ) Realized Principal Investment Income 196,869 263,368 70,796 56,733 587,766 Total Net Realizations 873,261 1,583,268 185,767 271,012 2,913,308 Total Segment Distributable Earnings $ 3,224,734 $ 2,531,035 $ 540,750 $ 667,588 $ 6,964,107
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 years ended December 31, 2023, 2022 and 2021 along with Total Assets as of December 31, 2023 and 2022: Year Ended December 31, 2023 2022 2021 Revenues Total GAAP Revenues $ 8,022,841 $ 8,517,673 $ 22,577,148 Less: Unrealized Performance Revenues (a) 1,691,788 3,436,978 (8,675,246 ) Less: Unrealized Principal Investment (Income) Loss (b) 593,301 1,235,529 (679,767 ) Less: Interest and Dividend Revenue (c) (535,641 ) (285,075 ) (163,044 ) Less: Other Revenue (d) 93,083 (183,754 ) (202,885 ) Impact of Consolidation (e) (200,237 ) (109,379 ) (1,197,854 ) Transaction-Related and Non-Recurring Items (f) 25,672 (24,656 ) 660 Intersegment Eliminations 2,998 2,721 4,352 Total Segment Revenue (g) $ 9,693,805 $ 12,590,037 $ 11,663,364 Year Ended December 31, 2023 2022 2021 Expenses Total GAAP Expenses $ 4,981,130 $ 4,973,025 $ 9,476,617 Less: Unrealized Performance Allocations Compensation (h) 654,403 1,470,588 (3,778,048 ) Less: Equity-Based Compensation (i) (959,474 ) (782,090 ) (559,537 ) Less: Interest Expense (j) (429,521 ) (316,569 ) (196,632 ) Impact of Consolidation (e) (137,603 ) (61,644 ) (25,673 ) Amortization of Intangibles (k) (33,457 ) (60,481 ) (68,256 ) Transaction-Related and Non-Recurring Items (f) (309 ) (81,789 ) (143,378 ) Administrative Fee Adjustment (l) (9,707 ) (9,866 ) (10,188 ) Intersegment Eliminations 2,998 2,721 4,352 Total Segment Expenses (m) $ 4,068,460 $ 5,133,895 $ 4,699,257 Year Ended December 31, 2023 2022 2021 Other Income Total GAAP Other Income $ (83,997 ) $ (82,859 ) $ 458,865 Impact of Consolidation (e) 83,997 82,859 (458,865 ) Total Segment Other Income $ — $ — $ — Year Ended December 31, 2023 2022 2021 Income Before Provision for Taxes Total GAAP Income Before Provision for Taxes $ 2,957,714 $ 3,461,789 $ 13,559,396 Less: Unrealized Performance Revenues (a) 1,691,788 3,436,978 (8,675,246 ) Less: Unrealized Principal Investment (Income) Loss (b) 593,301 1,235,529 (679,767 ) Less: Interest and Dividend Revenue (c) (535,641 ) (285,075 ) (163,044 ) Less: Other Revenue (d) 93,083 (183,754 ) (202,885 ) Plus: Unrealized Performance Allocations Compensation (h) (654,403 ) (1,470,588 ) 3,778,048 Plus: Equity-Based Compensation (i) 959,474 782,090 559,537 Plus: Interest Expense (j) 429,521 316,569 196,632 Impact of Consolidation (e) 21,363 35,124 (1,631,046 ) Amortization of Intangibles (k) 33,457 60,481 68,256 Transaction-Related and Non-Recurring Items (f) 25,981 57,133 144,038 Administrative Fee Adjustment (l) 9,707 9,866 10,188 Total Segment Distributable Earnings $ 5,625,345 $ 7,456,142 $ 6,964,107 As of December 31, 2023 2022 Total Assets Total GAAP Assets $ 40,287,530 $ 42,524,227 Impact of Consolidation (e) (3,843,619 ) (4,576,467 ) Total Segment Assets $ 36,443,911 $ 37,947,760 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 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 years ended December 31, 2023, 2022 and 2021, Other Revenue on a GAAP basis was $(92.9) million, $184.6 million and $203.1 million and included $(94.7) million, $182.9 million and $200.6 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 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. (g) Total Segment Revenues is comprised of the following: Year Ended December 31, 2023 2022 2021 Total Segment Management and Advisory Fees, Net $ 6,663,244 $ 6,282,946 $ 5,167,242 Total Segment Fee Related Performance Revenues 858,527 1,449,497 2,025,244 Total Segment Realized Performance Revenues 2,061,102 4,461,338 3,883,112 Total Segment Realized Principal Investment Income 110,932 396,256 587,766 Total Segment Revenues $ 9,693,805 $ 12,590,037 $ 11,663,364 (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: Year Ended December 31, 2023 2022 2021 Total Segment Fee Related Compensation $ 2,088,110 $ 2,330,775 $ 2,348,010 Total Segment Realized Performance Compensation 896,017 1,814,097 1,557,570 Total Segment Other Operating Expenses 1,084,333 989,023 793,677 Total Segment Expenses $ 4,068,460 $ 5,133,895 $ 4,699,257
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 Consolidated Statement of Operations for the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, 2023 2022 2021 Management and Advisory Fees, Net GAAP $ 6,671,260 $ 6,303,315 $ 5,170,707 Segment Adjustment (a) (8,016 ) (20,369 ) (3,465 ) Total Segment $ 6,663,244 $ 6,282,946 $ 5,167,242 Year Ended December 31, 2023 2022 2021 GAAP Realized Performance Revenues to Total Segment Fee Related Performance Revenues GAAP Incentive Fees $ 695,171 $ 525,127 $ 253,991 Investment Income — Realized Performance Allocations 2,223,841 5,381,640 5,653,452 GAAP 2,919,012 5,906,767 5,907,443 Total Segment Less: Realized Performance Revenues (2,061,102 ) (4,461,338 ) (3,883,112 ) Segment Adjustment (b) 617 4,068 913 Total Segment $ 858,527 $ 1,449,497 $ 2,025,244 Year Ended December 31, 2023 2022 2021 GAAP Compensation to Total Segment Fee Related Compensation GAAP Compensation $ 2,785,447 $ 2,569,780 $ 2,161,973 Incentive Fee Compensation 281,067 207,998 98,112 Realized Performance Allocations Compensation 900,859 2,225,264 2,311,993 GAAP 3,967,373 5,003,042 4,572,078 Total Segment Less: Realized Performance Compensation (896,017 ) (1,814,097 ) (1,557,570 ) Less: Equity-Based Compensation — Fee Related Compensation (946,575 ) (772,170 ) (551,263 ) Less: Equity-Based Compensation — Performance Compensation (12,899 ) (9,920 ) (8,274 ) Segment Adjustment (c) (23,772 ) (76,080 ) (106,961 ) Total Segment $ 2,088,110 $ 2,330,775 $ 2,348,010 Year Ended December 31, 2023 2022 2021 GAAP General, Administrative and Other to Total Segment Other Operating Expenses GAAP $ 1,117,305 $ 1,092,671 $ 917,847 Segment Adjustment (d) (32,972 ) (103,648 ) (124,170 ) Total Segment $ 1,084,333 $ 989,023 $ 793,677 Year Ended December 31, 2023 2022 2021 Realized Performance Revenues GAAP Incentive Fees $ 695,171 $ 525,127 $ 253,991 Investment Income — Realized Performance Allocations 2,223,841 5,381,640 5,653,452 GAAP 2,919,012 5,906,767 5,907,443 Total Segment Less: Fee Related Performance Revenues (858,527 ) (1,449,497 ) (2,025,244 ) Segment Adjustment (b) 617 4,068 913 Total Segment $ 2,061,102 $ 4,461,338 $ 3,883,112 Year Ended December 31, 2023 2022 2021 Realized Performance Compensation GAAP Incentive Fee Compensation $ 281,067 $ 207,998 $ 98,112 Realized Performance Allocations Compensation 900,859 2,225,264 2,311,993 GAAP 1,181,926 2,433,262 2,410,105 Total Segment Less: Fee Related Performance Compensation (e) (273,010 ) (609,245 ) (844,261 ) Less: Equity-Based Compensation — Performance Compensation (12,899 ) (9,920 ) (8,274 ) Total Segment $ 896,017 $ 1,814,097 $ 1,557,570 Year Ended December 31, 2023 2022 2021 Realized Principal Investment Income GAAP $ 303,823 $ 850,327 $ 1,003,822 Segment Adjustment (f) (192,891 ) (454,071 ) (416,056 ) Total Segment $ 110,932 $ 396,256 $ 587,766 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 Funds which have been eliminated in consolidation, and (2) the removal of revenue from the reimbursement of certain expenses by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures. (b) Represents the add back of Performance Revenues earned from consolidated Blackstone Funds which have been eliminated in consolidation. (c) Represents the removal of Transaction-Related and Non-Recurring Items that are not recorded in the Total Segment measures. (d) Represents the (1) removal of amortization of transaction-related intangibles, (2) removal of certain expenses reimbursed by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and (3) a reduction equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units which is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation. (e) Fee related performance compensation may include equity-based compensation based on fee related performance revenues. (f) Represents (1) the add back of Principal Investment Income, including general partner income, earned from consolidated Blackstone Funds which have been eliminated in consolidation, and (2) the removal of amounts associated with the ownership of Blackstone consolidated operating partnerships held by non-controlling interests.

Organization - Additional Infor

Organization - Additional Information (Detail)	12 Months Ended
Organization - Additional Information (Detail)	Dec. 31, 2023 Segment Person	Dec. 31, 2022 Segment
Organization [Line Items]
Number of business segments \| Segment	4	4
Number of Blackstone founders managing the Partnership \| Person	1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail)	Dec. 31, 2023
Summary Of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life, years	6 years 2 months 12 days
Leasehold Improvements
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life, years	7 years
Minimum
Summary Of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life, years	3 years
Minimum \| Furniture Fittings And Other Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life, years	3 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, useful life, years	20 years
Maximum \| Furniture Fittings And Other Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life, years	5 years

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets/Contractual Rights	$ 1,769,372	$ 1,745,376
Accumulated Amortization	(1,568,164)	(1,528,089)
Intangible Assets, Net	$ 201,208	$ 217,287	$ 284,384	$ 347,955

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Segment	Dec. 31, 2022 USD ($) Segment
Goodwill and Intangible Assets [Line Items]
Goodwill, carrying value	$ 1,890,202	$ 1,890,202
Number of business segments \| Segment	4	4
Expected amortization of intangibles, 2023	$ 35,900
Expected amortization of intangibles, 2024	35,900
Expected amortization of intangibles, 2025	35,700
Expected amortization of intangibles, 2026	34,600
Expected amortization of intangibles, 2027	$ 17,800
Intangible assets expected to amortize over a weighted-average period	6 years 2 months 12 days
Private Equity Segment
Goodwill and Intangible Assets [Line Items]
Goodwill, carrying value	$ 870,000	$ 870,000
Real Estate Segment
Goodwill and Intangible Assets [Line Items]
Goodwill, carrying value	421,700	421,700
Hedge Fund Solutions
Goodwill and Intangible Assets [Line Items]
Goodwill, carrying value	172,100	172,100
Credit & Insurance Segment
Goodwill and Intangible Assets [Line Items]
Goodwill, carrying value	$ 426,400	$ 426,400

Changes in Partnership's Intang

Changes in Partnership's Intangible Assets, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Balance, Beginning of Year	$ 217,287	$ 284,384	$ 347,955
Amortization Expense	(40,075)	(67,097)	(74,871)
Acquisitions	23,996	0	11,300
Balance, End of Year	$ 201,208	$ 217,287	$ 284,384

Investments (Detail)

Investments (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Investments	$ 26,146,622	$ 27,553,251
Partnership Investments
Schedule of Investments [Line Items]
Investments	5,924,275	5,530,419
Accrued Performance Allocations
Schedule of Investments [Line Items]
Investments	10,775,355	12,360,684
Other Investments
Schedule of Investments [Line Items]
Investments	4,323,639	3,471,642
Consolidated Blackstone Funds
Schedule of Investments [Line Items]
Investments	4,319,483	5,136,966
Corporate Treasury Investments
Schedule of Investments [Line Items]
Investments	$ 803,870	$ 1,053,540

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Investments	$ 26,146,622	$ 27,553,251
Recognized net gains related to equity method investments	245,800	292,100	$ 1,900,000
Equity investments, carrying value	333,300
Equity securities without readily determinable fair value downward price adjustment cumulative amount	6,200
Equity securities without readily determinable fair value downward price adjustment	$ 62,300
Investment Maturity Terms	five years
American International Group, Incs Life and Retirement [Member]
Schedule of Investments [Line Items]
Equity investments, carrying value	$ 4,300
Equity method investment, aggregate cost	184,600
Consolidated Blackstone Funds \| Blackstone
Schedule of Investments [Line Items]
Investments	$ 1,000,000	$ 393,900

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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	$ 232,842	$ 1,233,062	$ 16,788,721
Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds	516,497	271,612	160,643
Other Income (Loss) — Net Gains (Losses) from Fund Investment Activities	(56,801)	(105,142)	461,624
Consolidated Blackstone Funds
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	(42,756)	99,457	145,305
Net Change in Unrealized Gains (Losses)	(80,416)	(264,204)	289,938
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds	(123,172)	(164,747)	435,243
Interest and Dividend Revenue and Foreign Exchange Gains Attributable to Consolidated Blackstone Funds	66,371	59,605	26,381
Other Income (Loss) — Net Gains (Losses) from Fund Investment Activities	$ (56,801)	$ (105,142)	$ 461,624

Summarized Financial Informatio

Summarized Financial Information of Partnership's Equity Method Investments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Investments	$ 602,959,508	$ 604,290,012	$ 525,653,466
Other Assets	27,361,337	27,219,496	27,671,671
Total Assets	40,287,530	42,524,227
Debt	173,174,391	180,567,484	129,231,723
Other Liabilities	17,310,463	16,784,160	15,396,209
Total Liabilities	22,212,316	22,843,160
Equity	16,896,141	17,966,061
Total Liabilities and Equity	40,287,530	42,524,227
Interest Income	15,365,167	10,710,250	5,651,194
Other Income	12,624,222	11,234,218	7,056,829
Interest Expense	(10,544,320)	(5,858,713)	(2,263,947)
Other Expenses	(16,302,049)	(14,781,201)	(9,625,832)
Net Realized and Unrealized Gain (Losses) from Investments	9,329,723	9,106,388	83,141,991
Net Income (Loss)	2,444,253	2,988,909	12,374,995
Equity Method Investment, Nonconsolidated Investee, Other [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	630,320,845	631,509,508	553,325,137
Total Liabilities	190,484,854	197,351,644	144,627,932
Equity	439,835,991	434,157,864	408,697,205
Total Liabilities and Equity	630,320,845	631,509,508	553,325,137
Net Income (Loss)	10,472,743	10,410,942	83,960,235
RealEstateFunds
Schedule of Equity Method Investments [Line Items]
Investments	283,919,193	295,985,447	241,808,879
Other Assets	12,496,703	13,601,083	13,463,009
Debt	113,462,431	118,075,949	76,760,932
Other Liabilities	7,365,824	7,735,780	6,999,032
Interest Income	4,673,775	2,917,115	1,422,743
Other Income	10,786,480	9,432,802	6,115,960
Interest Expense	(6,614,272)	(3,644,118)	(1,475,065)
Other Expenses	(11,705,874)	(11,089,520)	(6,847,739)
Net Realized and Unrealized Gain (Losses) from Investments	(7,330,220)	7,807,056	31,078,396
RealEstateFunds \| Equity Method Investment, Nonconsolidated Investee, Other [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	296,415,896	309,586,530	255,271,888
Total Liabilities	120,828,255	125,811,729	83,759,964
Equity	175,587,641	183,774,801	171,511,924
Total Liabilities and Equity	296,415,896	309,586,530	255,271,888
Net Income (Loss)	(10,190,111)	5,423,335	30,294,295
Private Equity
Schedule of Equity Method Investments [Line Items]
Investments	188,647,324	182,732,362	175,726,829
Other Assets	5,179,667	3,194,088	5,776,462
Debt	21,920,796	22,779,131	20,434,354
Other Liabilities	2,126,739	1,310,998	2,153,071
Interest Income	1,773,062	2,012,916	1,640,402
Other Income	531,842	824,779	318,485
Interest Expense	(1,303,673)	(722,626)	(331,350)
Other Expenses	(2,040,168)	(2,132,320)	(1,666,930)
Net Realized and Unrealized Gain (Losses) from Investments	12,458,943	2,146,281	43,895,781
Private Equity \| Equity Method Investment, Nonconsolidated Investee, Other [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	193,826,991	185,926,450	181,503,291
Total Liabilities	24,047,535	24,090,129	22,587,425
Equity	169,779,456	161,836,321	158,915,866
Total Liabilities and Equity	193,826,991	185,926,450	181,503,291
Net Income (Loss)	11,420,006	2,129,030	43,856,388
Credit & Insurance
Schedule of Equity Method Investments [Line Items]
Investments	91,574,839	87,362,311	68,426,090
Other Assets	4,995,562	6,345,260	5,412,041
Debt	37,327,026	39,049,599	30,792,984
Other Liabilities	4,008,215	5,644,625	3,159,548
Interest Income	8,890,426	5,764,150	2,584,486
Other Income	324,061	690,193	306,490
Interest Expense	(2,583,654)	(1,450,447)	(427,459)
Other Expenses	(1,691,066)	(1,303,902)	(828,689)
Net Realized and Unrealized Gain (Losses) from Investments	1,124,916	(1,330,895)	3,562,579
Credit & Insurance \| Equity Method Investment, Nonconsolidated Investee, Other [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	96,570,401	93,707,571	73,838,131
Total Liabilities	41,335,241	44,694,224	33,952,532
Equity	55,235,160	49,013,347	39,885,599
Total Liabilities and Equity	96,570,401	93,707,571	73,838,131
Net Income (Loss)	6,064,683	2,369,099	5,197,407
Hedge Fund Solutions
Schedule of Equity Method Investments [Line Items]
Investments	38,818,152	38,209,892	39,691,668
Other Assets	4,689,405	4,079,065	3,020,159
Debt	464,138	662,805	1,243,453
Other Liabilities	3,809,685	2,092,757	3,084,558
Interest Income	27,904	16,069	3,563
Other Income	981,839	286,444	315,894
Interest Expense	(42,721)	(41,522)	(30,073)
Other Expenses	(864,941)	(255,459)	(282,474)
Net Realized and Unrealized Gain (Losses) from Investments	3,076,084	483,946	4,605,235
Hedge Fund Solutions \| Equity Method Investment, Nonconsolidated Investee, Other [Member]
Schedule of Equity Method Investments [Line Items]
Total Assets	43,507,557	42,288,957	42,711,827
Total Liabilities	4,273,823	2,755,562	4,328,011
Equity	39,233,734	39,533,395	38,383,816
Total Liabilities and Equity	43,507,557	42,288,957	42,711,827
Net Income (Loss)	$ 3,178,165	$ 489,478	$ 4,612,145

Performance Fees Allocated to F

Performance Fees Allocated to Funds (Detail) $ in Thousands	12 Months Ended
Performance Fees Allocated to Funds (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	$ 27,553,251
Ending Balance	26,146,622
Performance Fees
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	12,360,684
Performance Allocations as a Result of Changes in Fund Fair Values	623,487
Foreign Exchange Gain	9,069
Fund Distributions	(2,217,885)
Ending Balance	10,775,355
Real Estate Segment
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	5,334,117
Performance Allocations as a Result of Changes in Fund Fair Values	(1,582,400)
Foreign Exchange Gain	9,069
Fund Distributions	(770,184)
Ending Balance	2,990,602
Private Equity Segment
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	6,037,575
Performance Allocations as a Result of Changes in Fund Fair Values	1,753,730
Fund Distributions	(1,084,061)
Ending Balance	6,707,244
Credit & Insurance Segment
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	569,898
Performance Allocations as a Result of Changes in Fund Fair Values	278,655
Fund Distributions	(248,774)
Ending Balance	599,779
Hedge Fund Solutions Segment
Schedule of Performance Fees and Allocations to the General Partner [Line Items]
Beginning Balance	419,094
Performance Allocations as a Result of Changes in Fund Fair Values	173,502
Fund Distributions	(114,866)
Ending Balance	$ 477,730

Realized and Net Change in Unre

Realized and Net Change in Unrealized Gains (Losses) on Investments Held by Blackstone's Treasury Cash Management Strategies (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Total realized and net change in unrealized gains (losses)	$ 232,842	$ 1,233,062	$ 16,788,721
Corporate Treasury Investments
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	(4,881)	(21,511)	741
Net Change in Unrealized Gains (Losses)	17,392	(57,426)	39,549
Total realized and net change in unrealized gains (losses)	$ 12,511	$ (78,937)	$ 40,290

Realized and Net Change in Un_2

Realized and Net Change in Unrealized Gains (Losses) in Other Investments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Total Investment Income (Loss)	$ 232,842	$ 1,233,062	$ 16,788,721
Other Investments
Gain (Loss) on Securities [Line Items]
Realized Gains (Losses)	(19,346)	203,327	163,199
Net Change in Unrealized Gains (Losses)	(47,017)	(1,128,244)	340,867
Total Investment Income (Loss)	$ (66,363)	$ (924,917)	$ 504,066

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	Dec. 31, 2023 USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 565,534
Equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	445,626
Real Estate
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	112,633
Other
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 7,275

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	Dec. 31, 2023
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	40%
Percentage of investments redeemable as of reporting date	60%

Summary of Aggregate Notional A

Summary of Aggregate Notional Amount and Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	$ 1,943,891	$ 2,306,770
Derivative Liabilities, Notional	2,055,466	1,822,967
Derivative Assets, Fair Value	190,079	277,603
Derivative Liabilities, Fair Value	654,621	137,047
Freestanding Derivatives
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	855,683	931,752
Derivative Liabilities, Notional		5,133
Derivative Assets, Fair Value	19,189	74,926
Derivative Liabilities, Fair Value		284
Freestanding Derivatives \| Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	1,088,208	1,375,018
Derivative Liabilities, Notional	2,055,466	1,817,834
Derivative Assets, Fair Value	170,890	202,677
Derivative Liabilities, Fair Value	654,621	136,763
Freestanding Derivatives \| Blackstone \| Total Return Swaps
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	63,158	42,233
Derivative Assets, Fair Value	13,171	6,210
Freestanding Derivatives \| Blackstone \| Credit Default Swap
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	3,108	2,007
Derivative Liabilities, Notional	3,748	8,768
Derivative Assets, Fair Value	479	384
Derivative Liabilities, Fair Value	508	1,309
Freestanding Derivatives \| Foreign Currency Contracts \| Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	387,102	541,238
Derivative Liabilities, Notional	334,228	190,774
Derivative Assets, Fair Value	11,442	8,040
Derivative Liabilities, Fair Value	3,538	3,542
Freestanding Derivatives \| Foreign Currency Contracts \| Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Notional		5,133
Derivative Liabilities, Fair Value		284
Freestanding Derivatives \| Interest Rate Contracts \| Blackstone
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	634,840	789,540
Derivative Liabilities, Notional	607,000	621,700
Derivative Assets, Fair Value	145,798	188,043
Derivative Liabilities, Fair Value	86,589	83,331
Freestanding Derivatives \| Interest Rate Contracts \| Consolidated Blackstone Funds
Derivatives, Fair Value [Line Items]
Derivative Assets, Notional	855,683	931,752
Derivative Assets, Fair Value	19,189	74,926
Freestanding Derivatives \| Equity Options \| Blackstone
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Notional	1,110,490	996,592
Derivative Liabilities, Fair Value	$ 563,986	$ 48,581

Summary of Impact of Derivative

Summary of Impact of Derivative Financial Instruments to Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	$ (552,454)	$ 142,376	$ 91,325
Freestanding Derivatives
Derivative [Line Items]
Realized Gains (Losses)	40,096	8,222	(2,207)
Net Change in Unrealized Gains (Losses)	(592,550)	134,154	93,532
Freestanding Derivatives \| Total Return Swaps
Derivative [Line Items]
Realized Gains (Losses)	15,775	1,654	(1,254)
Net Change in Unrealized Gains (Losses)	6,381	5,290	2,130
Freestanding Derivatives \| Credit Default Swap
Derivative [Line Items]
Realized Gains (Losses)	(413)	(231)	(1,488)
Net Change in Unrealized Gains (Losses)	363	73	1,112
Freestanding Derivatives \| Interest Rate Contracts
Derivative [Line Items]
Realized Gains (Losses)	24,291	15,319	1,727
Net Change in Unrealized Gains (Losses)	(87,177)	167,706	89,702
Freestanding Derivatives \| Foreign Currency Contracts
Derivative [Line Items]
Realized Gains (Losses)	443	(8,520)	(1,152)
Net Change in Unrealized Gains (Losses)	3,288	9,666	608
Freestanding Derivatives \| Equity Options
Derivative [Line Items]
Net Change in Unrealized Gains (Losses)	$ (515,405)	$ (48,581)
Freestanding Derivatives \| Other
Derivative [Line Items]
Realized Gains (Losses)			(40)
Net Change in Unrealized Gains (Losses)			$ (20)

Summary of Financial Instrument

Summary of Financial Instruments for Which Fair Value Option Has Been Elected (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans and Receivables	$ 60,738	$ 315,039
Assets	3,957,327	2,208,015
Liabilities	688,386	8,144
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	63,486	24,784
Equity and Preferred Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments	2,894,302	1,868,192
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	938,801	0
CLO Notes Payable
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	687,122	0
Corporate Treasury Commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	$ 1,264	$ 8,144

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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Realized Gains (Losses) \| Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	$ 0	$ (22,240)	$ 14,399
Realized Gains (Losses) \| Assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(15,555)	(10,688)	45,529
Realized Gains (Losses) \| Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(8,053)	(10,733)	(11,661)
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	(1,439)	22,285	42,791
Realized Gains (Losses) \| Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	(6,063)
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	(3,884)	(19,490)	(14,210)
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	(112,875)	(111,292)	42,428
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	4,886	(464)	3,481
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	7,162	(7,508)	(383)
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	(122,605)	(91,338)	53,157
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	8,728
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	282
Net Change In Unrealized Gains (Losses) \| Corporate Treasury Commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Realized and net change in unrealized gains (losses) on financial instruments	$ 6,880	$ (7,508)	$ (383)

Information for Financial Instr

Information for Financial Instruments on Which Fair Value Option was Elected (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	$ (60,653)	$ (51,531)
Fair value of financial instruments more than one day past due	1,345
Debt Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	(52,577)	(48,670)
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	(8,751)	0
Fair value of financial instruments more than one day past due	1,345	0
Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Excess (Deficiency) of fair value over uncollected principal	675	(2,861)
Fair value of financial instruments more than one day past due	$ 0	$ 0

Fair Value Option - Additional

Fair Value Option - Additional Information (Detail) $ in Thousands	Dec. 31, 2023 USD ($) Loans	Dec. 31, 2022 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of financial instruments more than one day past due	$ 1,345
Corporate Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of financial instruments more than one day past due	$ 1,345	$ 0
Corporate Loans \| Not In Non Accrual Status [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Number of loans for which fair value option was elected past due \| Loans	2
Loans and Receivables
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of financial instruments more than one day past due	$ 0	0
Fair value of financial instruments with non-accrual status	$ 0	$ 0

Financial Assets and Liabilitie

Financial Assets and Liabilities at Fair Value (Detail) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable — Loans and Receivables		$ 60,738	$ 315,039
Assets		3,957,327	2,208,015
Loans Payable — CLO Notes Payable		11,304,059	12,349,584
Corporate Treasury Commitments		$ 688,386	$ 8,144
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		$ 190,079	$ 277,603
Derivatives liabilities		90,635	88,182
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		3,277,350	4,628,104
Liabilities		565,637	56,725
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		263,574	1,134,733
Total Investments		9,273,604	9,318,953
Accounts Receivable — Loans and Receivables		60,738	315,039
Assets		9,768,806	10,971,402
Securities Sold, Not Yet Purchased		3,886	3,825
Contingent Consideration		387
Total Accounts Payable, Accrued Expenses and Other Liabilities		660,158	149,016
Liabilities		1,347,280	149,016
Fair Value, Measurements, Recurring \| Corporate Treasury Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Treasury Commitments		1,264	8,144
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		687,122
Fair Value, Measurements, Recurring \| Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		654,621	136,763
Total Accounts Payable, Accrued Expenses and Other Liabilities			284
Fair Value, Measurements, Recurring \| Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		4,150,251	3,128,447
Fair Value, Measurements, Recurring \| Net Asset Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		565,534	602,693
Assets		565,534	602,693
Fair Value, Measurements, Recurring \| Net Asset Value \| Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		7,275	5,985
Fair Value, Measurements, Recurring \| Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		4,319,483	5,136,966
Derivatives assets		170,890	202,677
Fair Value, Measurements, Recurring \| Consolidated Blackstone Funds \| Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		19,189	74,926
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]	3,345,645	4,954,280
Fair Value, Measurements, Recurring \| Consolidated Blackstone Funds \| Debt Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		954,649	107,760
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		558,259	596,708
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]	558,259	596,708
Fair Value, Measurements, Recurring \| Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		803,870	1,053,540
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents		263,574	1,134,733
Total Investments		1,647,301	1,601,901
Assets		1,910,965	2,736,913
Securities Sold, Not Yet Purchased		3,886	3,825
Total Accounts Payable, Accrued Expenses and Other Liabilities		4,322	3,846
Liabilities		4,322	3,846
Fair Value, Measurements, Recurring \| Level 1 \| Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		436	21
Fair Value, Measurements, Recurring \| Level 1 \| Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		1,564,112	1,473,611
Fair Value, Measurements, Recurring \| Level 1 \| Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		11,118	12,024
Derivatives assets		90	279
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]	11,118	12,024
Fair Value, Measurements, Recurring \| Level 1 \| Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		72,071	116,266
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,857,328	2,807,504
Assets		4,014,957	3,003,692
Total Accounts Payable, Accrued Expenses and Other Liabilities		90,199	88,445
Liabilities		777,321	88,445
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		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		90,199	88,161
Total Accounts Payable, Accrued Expenses and Other Liabilities			284
Fair Value, Measurements, Recurring \| Level 2 \| Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		2,355,423	1,597,696
Fair Value, Measurements, Recurring \| Level 2 \| Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		1,066,475	278,402
Derivatives assets		157,629	196,188
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		19,189	74,926
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]	123,022	149,689
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		924,264	53,787
Fair Value, Measurements, Recurring \| Level 2 \| Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		435,430	931,406
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		3,203,441	4,306,855
Accounts Receivable — Loans and Receivables		60,738	315,039
Assets		3,277,350	4,628,104
Contingent Consideration		387
Total Accounts Payable, Accrued Expenses and Other Liabilities		565,637	56,725
Liabilities		565,637	56,725
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		1,264	8,144
Fair Value, Measurements, Recurring \| Level 3 \| Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities		563,986	48,581
Fair Value, Measurements, Recurring \| Level 3 \| Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		223,441	51,155
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		2,683,631	4,249,832
Derivatives assets		13,171	6,210
Assets		2,683,631	4,249,832
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds \| Equity Securities, Partnerships and LLC Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	[1]	2,653,246	4,195,859
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		30,385	53,973
Fair Value, Measurements, Recurring \| Level 3 \| Corporate Treasury Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments		$ 296,369	$ 5,868

[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		12 Months Ended
		Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 3,957,327	$ 2,208,015
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,277,350	4,628,104
Fair value liabilities		565,637	56,725
Fair Value, Measurements, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		9,768,806	10,971,402
Fair value liabilities		1,347,280	149,016
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		3,277,350	4,628,104
Fair value liabilities		565,637	56,725
Fair Value, Measurements, Recurring \| Level 3 \| Loans and Receivables \| Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 60,738	$ 315,039
Fair Value, Measurements, Recurring \| Level 3 \| Minimum \| Loans and Receivables \| Discounted Cash Flows \| Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		8.80%	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		14.90%	11.50%
Fair Value, Measurements, Recurring \| Level 3 \| Weighted Average \| Loans and Receivables \| Discounted Cash Flows \| Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	10.30%	9.80%
Fair Value, Measurements, Recurring \| Level 3 \| Other Investments \| Transaction Price Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets	[2]		$ 57,365
Fair Value, Measurements, Recurring \| Level 3 \| Other Investments \| Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets	[2]	$ 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]	$ 563,986	$ 48,581
Fair Value, Measurements, Recurring \| Level 3 \| Freestanding Derivatives \| Valuation Technique, Option Pricing Model \| Measurement Input, Price Volatility [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Volatility		6.3	6.1
Fair Value, Measurements, Recurring \| Level 3 \| Other Liabilities \| Third Party Pricing Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value liabilities	[4]	$ 1,651	$ 8,144
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		2,683,631	4,249,832
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds \| Equity Securities, Partnerships and LLC Interests \| Discounted Cash Flows
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets		$ 2,653,246	$ 4,195,859
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 [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate		3.10%	2.60%
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds \| Equity Securities, Partnerships and LLC Interests \| Minimum \| Discounted Cash Flows \| Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		3.30%	4.10%
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 [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate		12.80%	14.40%
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%	34.50%
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds \| Equity Securities, Partnerships and LLC Interests \| Weighted Average \| EBITDA Multiple Market
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Multiple - EBITDA	[1]	15	14.7
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds \| Equity Securities, Partnerships and LLC Interests \| Weighted Average \| Measurement Input, Cap Rate [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Exit Capitalization Rate	[1]	5.10%	4.70%
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds \| Equity Securities, Partnerships and LLC Interests \| Weighted Average \| Discounted Cash Flows \| Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	9.70%	8.80%
Fair Value, Measurements, Recurring \| Level 3 \| Consolidated Blackstone Funds \| Debt Instruments \| Transaction Price Valuation Technique
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value assets			$ 53,973
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		$ 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			$ 5,868
Fair Value, Measurements, Recurring \| Level 3 \| Corporate Treasury Investments \| Minimum \| Discounted Cash Flows \| Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		11.20%
Fair Value, Measurements, Recurring \| Level 3 \| Corporate Treasury Investments \| Maximum \| Discounted Cash Flows \| Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate		22.40%
Fair Value, Measurements, Recurring \| Level 3 \| Corporate Treasury Investments \| Weighted Average \| Discounted Cash Flows \| Measurement Input, Discount Rate
Fair Value, Option, Quantitative Disclosures [Line Items]
Unobservable inputs, rate	[1]	17.10%

[1]Unobservable inputs were weighted based on the fair value of the investments included in the range.[2]As of December 31, 2023 and 2022, Other Investments includes Level III Freestanding Derivatives.[3]The volatility of the historical performance of the underlying reference entity is used to project the expected returns relevant for the fair value of the derivative.[4]As of December 31, 2023, Other Liabilities includes Level III Contingent Consideration and Level III Corporate Treasury Commitments. As of December 31, 2022, Other Liabilities is comprised only of 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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	$ 4,595,842	$ 1,637,034
Transfer In Due to Consolidation and Acquisition		2,985,171
Transfer Out Due to Deconsolidation	(1,453,837)
Transfer Into Level III	29,088	4,557
Transfer Out of Level III	(21,571)	(96,218)
Purchases	932,993	1,456,237
Sales	(867,995)	(1,314,844)
Issuances	68,450	39,514
Settlements	(78,671)	(59,741)
Changes in Gains (Losses) Included in Earnings	(86,906)	(55,868)
Balance, End of Period	3,117,393	4,595,842
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	$ (84,876)	$ (160,692)
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
Balance, Beginning of Period	$ 56,725	$ 636
Transfer In Due to Consolidation and Acquisition	800
Sales	(413)
Changes in Losses (Gains) Included in Earnings	508,525	56,089
Balance, End of Period	565,637	56,725
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date	508,525	56,089
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	30,971	43,987
Transfer Into Level III	898	2,517
Transfer Out of Level III	(3,374)	(19,597)
Purchases	354,202	14,524
Sales	(14,542)	(3,797)
Settlements	(8,252)	(4,433)
Changes in Gains (Losses) Included in Earnings	13,121	(2,230)
Balance, End of Period	373,024	30,971
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	7,725	(11,271)
Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	8,144	636
Transfer In Due to Consolidation and Acquisition	800
Sales	(413)
Changes in Losses (Gains) Included in Earnings	(6,880)	7,508
Balance, End of Period	1,651	8,144
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date	(6,880)	7,508
Freestanding Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	48,581
Changes in Losses (Gains) Included in Earnings	515,405	48,581
Balance, End of Period	563,986	48,581
Changes in Unrealized Losses (Gains) Included in Earnings Related to Financial Liabilities Still Held at the Reporting Date	515,405	48,581
Loans and Receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	315,039	392,732
Purchases	284,002	805,375
Sales	(563,732)	(882,668)
Issuances	68,450	39,514
Settlements	(70,419)	(55,308)
Changes in Gains (Losses) Included in Earnings	27,398	15,394
Balance, End of Period	60,738	315,039
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	2,227	(13,384)
Consolidated Blackstone Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, Beginning of Period	4,249,832	1,200,315
Transfer In Due to Consolidation and Acquisition		2,985,171
Transfer Out Due to Deconsolidation	(1,453,837)
Transfer Into Level III	28,190	2,040
Transfer Out of Level III	(18,197)	(76,621)
Purchases	294,789	636,338
Sales	(289,721)	(428,379)
Changes in Gains (Losses) Included in Earnings	(127,425)	(69,032)
Balance, End of Period	2,683,631	4,249,832
Changes in Unrealized Gains (Losses) Included in Earnings Related to Financial Assets Still Held at the Reporting Date	$ (94,828)	$ (136,037)

Maximum Exposure to Loss Relati

Maximum Exposure to Loss Relating to Non-Consolidated VIEs (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
VIE Assets	$ 40,287,530	$ 42,524,227
VIE Liabilities	22,212,316	22,843,160
Due from Affiliates
Variable Interest Entity [Line Items]
VIE Assets	203,187	189,240
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	4,026,897	3,900,835
Variable Interest Entity, Not Primary Beneficiary \| Potential Clawback Obligation
Variable Interest Entity [Line Items]
VIE Liabilities	72,119	384,926
Variable Interest Entity, Not Primary Beneficiary \| Amounts Due to Non-Consolidated VIEs
Variable Interest Entity [Line Items]
VIE Liabilities	223	6
Variable Interest Entity, Not Primary Beneficiary \| Investments
Variable Interest Entity [Line Items]
VIE Assets	$ 3,751,591	$ 3,326,669

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Securities Financing Transaction [Line Items]
Pledged securities with carrying value to collateralize its repurchase agreements	$ 0	$ 89.9

Schedule of Repurchase Agreemen

Schedule of Repurchase Agreements Obligation by Type of Collateral Pledged (Detail) $ in Thousands	Dec. 31, 2022 USD ($)
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	$ 89,944
Gross Amount of Recognized Liabilities for Repurchase Agreements in Note 12. "Offsetting of Assets and Liabilities"	89,944
Amounts Related to Agreements Not Included in Offsetting Disclosure in Note 12. "Offsetting of Assets and Liabilities"	0
Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	89,944
Overnight and Continuous \| Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Up to 30 Days \| Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	70,776
30 - 90 Days \| Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	0
Greater than 90 Days \| Loans
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase Agreements	$ 19,168

Other Assets - Additional Infor

Other Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Other Assets [Line Items]
Depreciation expense	$ 94.1	$ 69.2	$ 52.2

Components of Other Assets (Det

Components of Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Other Assets [Line Items]
Furniture, Equipment and Leasehold Improvements	$ 937,355	$ 748,334
Less: Accumulated Depreciation	(394,602)	(336,621)
Furniture, Equipment and Leasehold Improvements, Net	542,753	411,713
Prepaid Expenses	207,886	165,079
Freestanding Derivatives	170,890	202,677
Other	23,319	20,989
Total Other Assets	$ 944,848	$ 800,458

Offsetting of Assets and Liab_3

Offsetting of Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Offsetting Assets and Liabilities [Line Items]
Repurchase agreements gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition		$ 89,944
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments		89,944
Repurchase agreements gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received		0
Repurchase agreements Net Amount		0
Gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition		178,126
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments		175,310
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received		1,345
Net Amount		1,471
Freestanding Derivatives
Offsetting Assets and Liabilities [Line Items]
Derivatives gross and Net Amounts of Assets Presented in the Statement of Financial Condition	$ 190,079	277,603
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	107,330	165,897
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	49,532	96,436
Derivatives Net Amount	33,217	15,270
Derivatives gross and Net Amounts of Liabilities Presented in the Statement of Financial Condition	90,635	88,182
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	87,777	85,366
Derivatives gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Received	625	1,345
Derivatives Net Amount	$ 2,233	$ 1,471

Offsetting Of Assets And Liab_4

Offsetting Of Assets And Liabilities - Additional Information (Detail) - Cash Pooling Arrangement $ in Millions	Dec. 31, 2023 USD ($)
Offsetting Assets [Line Items]
Aggregate cash balance on deposit relating to the cash pooling arrangement	$ 870.4
Overdraft facility	$ 870.4

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - Revolving Credit Facility [Member] $ in Millions	Dec. 15, 2023 USD ($)
Maximum [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Increase Decrease	$ 4,325
Minimum [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Increase Decrease	4,135
Amended And Restated [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 4,325
Amended And Restated [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of credit expiration date	Dec. 15, 2028
Amended And Restated [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Line of credit expiration date	Jun. 03, 2027

Partnership Credit Facilities (

Partnership Credit Facilities (Detail) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Credit Available		$ 15,930,882	$ 16,626,000
Borrowing Outstanding		11,605,882	12,491,000
Borrowings Of Consolidated Blackstone Funds
Line of Credit Facility [Line Items]
Credit Available		858,133	1,450,000
Borrowing Outstanding		858,133	1,450,000
Credit Facility
Line of Credit Facility [Line Items]
Credit Available	[1]	4,325,000	4,135,000
Borrowing Outstanding	[1]	$ 0	$ 0
Effective Interest Rate	[1]	0%	0%
Partnership's Credit Facilities \| Senior Secured Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 15,032,800	$ 15,176,000
Borrowing Outstanding	[2]	10,707,800	11,041,000
Blackstone Fund Facilities \| Borrowings Of Consolidated Blackstone Funds
Line of Credit Facility [Line Items]
Credit Available	[3]	0	1,450,000
Borrowing Outstanding	[3]	$ 0	$ 1,450,000
Effective Interest Rate	[3]	0%	0%
4.750% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 0	$ 400,000
Borrowing Outstanding	[2]	$ 0	$ 400,000
Effective Interest Rate	[2]	0%	5.07%
2.000% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 331,170	$ 321,150
Borrowing Outstanding	[2]	$ 331,170	$ 321,150
Effective Interest Rate	[2]	2.16%	2.19%
1.000% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 662,340	$ 642,300
Borrowing Outstanding	[2]	$ 662,340	$ 642,300
Effective Interest Rate	[2]	1.16%	1.16%
3.150% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 300,000	$ 300,000
Borrowing Outstanding	[2]	$ 300,000	$ 300,000
Effective Interest Rate	[2]	3.30%	3.29%
5.900% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 600,000	$ 600,000
Borrowing Outstanding	[2]	$ 600,000	$ 600,000
Effective Interest Rate	[2]	6.13%	6.19%
1.625% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 650,000	$ 650,000
Borrowing Outstanding	[2]	$ 650,000	$ 650,000
Effective Interest Rate	[2]	1.79%	1.83%
1.500% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 662,340	$ 642,300
Borrowing Outstanding	[2]	$ 662,340	$ 642,300
Effective Interest Rate	[2]	1.60%	1.61%
2.500% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 500,000	$ 500,000
Borrowing Outstanding	[2]	$ 500,000	$ 500,000
Effective Interest Rate	[2]	2.73%	2.73%
1.600% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 500,000	$ 500,000
Borrowing Outstanding	[2]	$ 500,000	$ 500,000
Effective Interest Rate	[2]	1.71%	1.70%
2.000% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 800,000	$ 800,000
Borrowing Outstanding	[2]	$ 800,000	$ 800,000
Effective Interest Rate	[2]	2.18%	2.18%
2.550% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 500,000	$ 500,000
Borrowing Outstanding	[2]	$ 500,000	$ 500,000
Effective Interest Rate	[2]	2.67%	2.66%
6.200% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 900,000	$ 900,000
Borrowing Outstanding	[2]	$ 900,000	$ 900,000
Effective Interest Rate	[2]	6.33%	6.40%
3.500% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 551,950	$ 535,250
Borrowing Outstanding	[2]	$ 551,950	$ 535,250
Effective Interest Rate	[2]	3.90%	3.79%
6.250% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 250,000	$ 250,000
Borrowing Outstanding	[2]	$ 250,000	$ 250,000
Effective Interest Rate	[2]	6.65%	6.65%
5.000% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 500,000	$ 500,000
Borrowing Outstanding	[2]	$ 500,000	$ 500,000
Effective Interest Rate	[2]	5.16%	5.16%
4.450% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 350,000	$ 350,000
Borrowing Outstanding	[2]	$ 350,000	$ 350,000
Effective Interest Rate	[2]	4.56%	4.56%
4.000% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 300,000	$ 300,000
Borrowing Outstanding	[2]	$ 300,000	$ 300,000
Effective Interest Rate	[2]	4.20%	4.20%
3.500% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 400,000	$ 400,000
Borrowing Outstanding	[2]	$ 400,000	$ 400,000
Effective Interest Rate	[2]	3.61%	3.61%
2.800% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 400,000	$ 400,000
Borrowing Outstanding	[2]	$ 400,000	$ 400,000
Effective Interest Rate	[2]	2.88%	2.88%
2.850% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 550,000	$ 550,000
Borrowing Outstanding	[2]	$ 550,000	$ 550,000
Effective Interest Rate	[2]	2.91%	2.92%
3.200% Notes
Line of Credit Facility [Line Items]
Credit Available	[2]	$ 1,000,000	$ 1,000,000
Borrowing Outstanding	[2]	$ 1,000,000	$ 1,000,000
Effective Interest Rate	[2]	3.27%	3.26%
Secured Borrowings One \| Other
Line of Credit Facility [Line Items]
Credit Available	[4]	$ 19,949	$ 0
Borrowing Outstanding	[4]	$ 19,949	$ 0
Effective Interest Rate	[4]	7.69%	0%
Secured Borrowings Two \| Other
Line of Credit Facility [Line Items]
Credit Available	[4]	$ 20,000	$ 0
Borrowing Outstanding	[4]	$ 20,000	$ 0
Effective Interest Rate	[4]	3.72%	0%
Blackstone Operating Borrowings [Member] \| Other
Line of Credit Facility [Line Items]
Credit Available	[4]	$ 15,072,749	$ 15,176,000
Borrowing Outstanding	[4]	10,747,749	11,041,000
CLO Notes Payable [Member] \| Borrowings Of Consolidated Blackstone Funds
Line of Credit Facility [Line Items]
Credit Available	[5]	858,133	0
Borrowing Outstanding	[5]	$ 858,133	$ 0
Effective Interest Rate	[5]	7.57%	0%

[1]Represents the Credit Facility of Blackstone, through the Issuer. Interest on the borrowings is based on an adjusted Secured Overnight Finance Rate (“SOFR”) rate or alternate base rate, in each case plus a margin, and undrawn commitments bear a commitment fee of 0.06%. The margin above adjusted SOFR used to calculate interest on borrowings was 0.75% plus an additional credit spread adjustment of 0.10% to account for the difference between London Interbank Offered Rate (“LIBOR”) and SOFR. The margin is subject to change based on Blackstone’s credit rating. Borrowings may also be made in U.K. sterling, euros, Swiss francs, Japanese yen or Canadian dollars, in each case subject to certain sub-limits. The Credit Facility contains customary representations, covenants and events of default. Financial covenants consist of a maximum net leverage ratio and a requirement to keep a minimum amount of fee-earning assets under management, each tested quarterly. As of December 31, 2023 and 2022, Blackstone had outstanding but undrawn letters of credit against the Credit Facility of $40.3 million and $11.2 million, respectively. The amount Blackstone can draw from the Credit Facility is reduced by the undrawn letters of credit, however the Credit Available presented herein is not reduced by the undrawn letters of credit.[2]The Issuer has issued long-term borrowings in the form of senior notes (the “Notes”). The Notes are unsecured and unsubordinated obligations of the Issuer. The Notes are fully and unconditionally guaranteed, jointly and severally, by Blackstone, the Guarantors and the Issuer. The guarantees are unsecured and unsubordinated obligations of the Guarantors. Transaction costs related to the issuance of the Notes have been deducted from the Note liability and are being amortized over the life of the Notes. The indentures include covenants, including limitations on the Issuer’s and the Guarantors’ ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or lease assets. The indentures also provide for events of default and further provide that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the Notes and any accrued and unpaid interest on the Notes automatically become due and payable. All or a portion of the Notes may be redeemed at the Issuer’s option in whole or in part, at any time and from time to time, prior to their stated maturity, at the make-whole redemption price set forth in the Notes. If a change of control repurchase event occurs, the holders of the Notes may require the Issuer to repurchase the Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to, but not including, the date of repurchase.[3]Represents borrowing facilities for the various consolidated Blackstone Funds used to meet liquidity and investing needs. Certain borrowings under these facilities were used for bridge financing and general liquidity purposes. Other borrowings were used to finance the purchase of investments with the borrowing remaining in place until the disposition or refinancing event. Such borrowings have varying maturities and may be rolled over until the disposition or refinancing event. Because the timing of such events is unknown and may occur in the near term, these borrowings are considered short-term in nature. Borrowings bear interest at spreads to market rates or at stated fixed rates that can vary over the borrowing term. Interest may be subject to the performance of the asset and therefore, the stated interest rate and effective interest rate may differ. Borrowings were secured according to the terms of each facility and are generally secured by the investment purchased with the proceeds of the borrowing and/or the uncalled capital commitment of each respective fund. Certain facilities have commitment fees. When a fund borrows, the proceeds are available only for use by that fund and are not available for the benefit of other funds. Collateral within each fund is also available only against the borrowings by that fund and not against the borrowings of other funds. These funds have been deconsolidated as of December 31, 2023.[4]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 December 31, 2023, the fair value of the assets securing both Secured Borrowings equaled $48.5 million. 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 December 31, 2023, the fair value of the assets securing both Secured Borrowings equaled $48.5 million.[5]CLO Notes Payable have maturity dates ranging from June 2025 to January 2037. 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.

Partnership Credit Facilities_2

Partnership Credit Facilities (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Maximum percentage of aggregate principal amount of the outstanding notes	25%
Percentage of repurchase of note on principal amount of notes	101%
4.750% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Feb. 15, 2023
2.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	May 19, 2025
1.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Oct. 05, 2026
3.150% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Oct. 02, 2027
5.900% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Nov. 03, 2027
1.625% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Aug. 05, 2028
2.500% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Jan. 10, 2030
1.600% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Mar. 30, 2031
2.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Jan. 30, 2032
2.550% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Mar. 30, 2032
6.200% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Apr. 22, 2033
3.500% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Jun. 01, 2034
6.250% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Aug. 15, 2042
5.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Jun. 15, 2044
4.450% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Jul. 15, 2045
4.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Oct. 02, 2047
2.800% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Sep. 30, 2050
2.850% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Aug. 05, 2051
3.200% Notes
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Jan. 30, 2052
Secured Borrowings One
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Oct. 27, 2033
Secured Borrowings Two
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Jan. 29, 2035
Secured Debt
Line of Credit Facility [Line Items]
Secured Debt	$ 49
Credit Facility
Line of Credit Facility [Line Items]
Debt Instrument Additional Credit Spread Adjustment	0.10%
Credit Facility \| London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Commitment fee percentage	0.06%
Debt instrument, basis spread on variable rate	0.75%	0.75%
Senior Secured Note \| 4.750% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	4.75%
Debt instrument, maturity date	Feb. 15, 2023
Senior Secured Note \| 2.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	2%
Debt instrument, maturity date	May 19, 2025
Senior Secured Note \| 1.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	1%
Debt instrument, maturity date	Oct. 05, 2026
Senior Secured Note \| 3.150% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	3.15%
Debt instrument, maturity date	Oct. 02, 2027
Senior Secured Note \| 5.900% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	5.90%
Debt instrument, maturity date	Nov. 03, 2027
Senior Secured Note \| 1.625% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	1.625%
Debt instrument, maturity date	Aug. 05, 2028
Senior Secured Note \| 1.500% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	1.50%
Debt instrument, maturity date	Apr. 10, 2029
Senior Secured Note \| 2.500% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	2.50%
Debt instrument, maturity date	Jan. 10, 2030
Senior Secured Note \| 1.600% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	1.60%
Debt instrument, maturity date	Mar. 30, 2031
Senior Secured Note \| 2.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	2%
Debt instrument, maturity date	Jan. 30, 2032
Senior Secured Note \| 2.550% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	2.55%
Debt instrument, maturity date	Mar. 30, 2032
Senior Secured Note \| 6.200% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	6.20%
Debt instrument, maturity date	Apr. 22, 2033
Senior Secured Note \| 3.500% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	3.50%
Debt instrument, maturity date	Jun. 01, 2034
Senior Secured Note \| 6.250% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	6.25%
Debt instrument, maturity date	Aug. 15, 2042
Senior Secured Note \| 5.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	5%
Debt instrument, maturity date	Jun. 15, 2044
Senior Secured Note \| 4.450% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	4.45%
Debt instrument, maturity date	Jul. 15, 2045
Senior Secured Note \| 4.000% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	4%
Debt instrument, maturity date	Oct. 02, 2047
Senior Secured Note \| 3.500% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	3.50%
Debt instrument, maturity date	Sep. 10, 2049
Senior Secured Note \| 2.800% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	2.80%
Debt instrument, maturity date	Sep. 30, 2050
Senior Secured Note \| 2.850% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	2.85%
Debt instrument, maturity date	Aug. 05, 2051
Senior Secured Note \| 3.200% Notes
Line of Credit Facility [Line Items]
Debt instrument, interest rate	3.20%
Debt instrument, maturity date	Jan. 30, 2052
Letter of Credit
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity	$ 40.3	$ 11.2

Carrying Value and Fair Value o

Carrying Value and Fair Value of Blackstone Issued Notes (Detail) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Carrying Value		$ 11,304,059	$ 12,349,584
Debt instrument, fair value		9,968,748	10,468,356
Senior Secured Notes
Debt Instrument [Line Items]
Carrying Value	[1]	10,576,988	10,899,584
Debt instrument, fair value	[1]	9,241,677	9,018,356
Borrowings Of Consolidated Blackstone Funds
Debt Instrument [Line Items]
Carrying Value		687,122	1,450,000
Debt instrument, fair value		687,122	1,450,000
Borrowings Of Consolidated Blackstone Funds \| Blackstone Fund Facilities [Member]
Debt Instrument [Line Items]
Carrying Value		0	1,450,000
Debt instrument, fair value		0	1,450,000
4.750% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	0	399,838
Debt instrument, fair value	[1]	0	399,776
2.000% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	336,005	325,292
Debt instrument, fair value	[1]	324,778	305,754
1.000% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	664,085	642,968
Debt instrument, fair value	[1]	620,864	568,525
3.150% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	298,476	298,101
Debt instrument, fair value	[1]	283,059	271,284
5.900% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	595,411	594,381
Debt instrument, fair value	[1]	625,158	606,450
1.625% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	645,406	644,456
Debt instrument, fair value	[1]	566,508	530,933
1.500% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	666,655	645,819
Debt instrument, fair value	[1]	601,272	532,043
2.500% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	493,573	492,604
Debt instrument, fair value	[1]	431,005	405,965
1.600% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	496,447	495,990
Debt instrument, fair value	[1]	391,955	365,380
2.000% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	789,283	788,082
Debt instrument, fair value	[1]	633,153	589,407
2.550% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	495,670	495,207
Debt instrument, fair value	[1]	410,755	390,370
6.200% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	891,899	891,277
Debt instrument, fair value	[1]	962,037	907,965
3.500% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	521,549	504,695
Debt instrument, fair value	[1]	536,319	452,934
6.250% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	239,457	239,176
Debt instrument, fair value	[1]	263,270	251,480
5.000% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	489,975	489,704
Debt instrument, fair value	[1]	464,560	441,355
4.450% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	344,691	344,549
Debt instrument, fair value	[1]	297,486	287,242
4.000% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	291,149	290,935
Debt instrument, fair value	[1]	233,685	227,946
3.500% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	392,436	392,259
Debt instrument, fair value	[1]	294,608	275,588
2.800% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	394,103	393,958
Debt instrument, fair value	[1]	252,008	237,552
2.850% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	543,317	543,162
Debt instrument, fair value	[1]	352,457	323,527
3.200% Notes
Debt Instrument [Line Items]
Carrying Value	[1]	987,401	987,131
Debt instrument, fair value	[1]	696,740	646,880
Secured Borrowings One \| Other
Debt Instrument [Line Items]
Carrying Value		19,949	0
Debt instrument, fair value		19,949	0
Secured Borrowings Two \| Other
Debt Instrument [Line Items]
Carrying Value		20,000	0
Debt instrument, fair value		20,000	0
Blackstone Operating Borrowings \| Other
Debt Instrument [Line Items]
Carrying Value		10,616,937	10,899,584
Debt instrument, fair value		9,281,626	9,018,356
CLO Notes Payable \| Borrowings Of Consolidated Blackstone Funds
Debt Instrument [Line Items]
Carrying Value		687,122	0
Debt instrument, fair value		$ 687,122	$ 0

[1]Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.

Carrying Value and Fair Value_2

Carrying Value and Fair Value of Blackstone Issued Notes (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2023
4.750% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Feb. 15, 2023
4.750% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4.75%
2.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	May 19, 2025
2.000% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2%
1.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 05, 2026
1.000% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1%
3.150% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 02, 2027
3.150% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.15%
5.900% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Nov. 03, 2027
5.900% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	5.90%
1.625% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Aug. 05, 2028
1.625% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.625%
1.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Apr. 10, 2029
1.500% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.50%
2.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jan. 10, 2030
2.500% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.50%
1.600% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Mar. 30, 2031
1.600% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	1.60%
2.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jan. 30, 2032
2.000% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2%
2.550% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Mar. 30, 2032
2.550% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.55%
6.200% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Apr. 22, 2033
6.200% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	6.20%
3.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jun. 01, 2034
3.500% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.50%
6.250% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Aug. 15, 2042
6.250% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	6.25%
5.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jun. 15, 2044
5.000% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	5%
4.450% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jul. 15, 2045
4.450% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4.45%
4.000% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 02, 2047
4.000% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	4%
3.500% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Sep. 10, 2049
3.500% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.50%
2.800% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Sep. 30, 2050
2.800% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.80%
2.850% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Aug. 05, 2051
2.850% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.85%
3.200% Notes
Debt Instrument [Line Items]
Debt instrument, maturity date	Jan. 30, 2052
3.200% Notes \| Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	3.20%
Secured Borrowings One
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 27, 2033
Secured Borrowings Two
Debt Instrument [Line Items]
Debt instrument, maturity date	Jan. 29, 2035

Scheduled Principal Payments fo

Scheduled Principal Payments for Borrowings (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
2024	$ 17
2025	339,393
2026	668,387
2027	911,572
2028	664,090
Thereafter	9,022,423
Total	11,605,882
Blackstone Operating Borrowings
Debt Instrument [Line Items]
2024	17
2025	339,393
2026	668,387
2027	911,572
2028	664,090
Thereafter	8,164,290
Total	10,747,749
Borrowings of Consolidated Blackstone Funds
Debt Instrument [Line Items]
2024	0
2025	0
2026	0
2027	0
2028	0
Thereafter	858,133
Total	$ 858,133

Leases - Additional informaton

Leases - Additional informaton (Detail) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted-average remaining lease term	6 years
Weighted-average discount rate	1.80%
Leases	$ 14.7	$ 12.3

Leases Components of leases exp

Leases Components of leases expenses (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Lease Cost
Straight-Line Lease Cost	[1]	$ 160,534	$ 139,740	$ 115,875
Variable Lease Cost	[2]	15,268	12,072	10,959
Sublease Income		(63)	(888)	(1,695)
Operating Lease Cost		$ 175,739	$ 150,924	$ 125,139

[1]Straight-line lease cost includes short-term leases, which are immaterial.[2]Variable lease cost approximates variable lease cash payments.

Leases Supplemental Cash Flow I

Leases Supplemental Cash Flow Information Related Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Cash Flows for Operating Lease Liabilities	$ 127,183	$ 107,249	$ 96,007
Non-Cash Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities	$ 117,155	$ 278,010	$ 352,298

Leases Cash flows Annual Basis

Leases Cash flows Annual Basis For Operating Lease Liabilities (Detail) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
2024		$ 163,003
2025		180,732
2026		179,046
2027		175,916
2028		169,824
Thereafter		180,540
Total Lease Payments	[1]	1,049,061
Less: Imputed Interest		(59,238)
Present Value of Operating Lease Liabilities		$ 989,823	$ 1,021,454

[1]Excludes signed leases that have not yet commenced.

Income Before Provision for Tax

Income Before Provision for Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Income Before Provision (Benefit) for Taxes	$ 2,957,714	$ 3,461,789	$ 13,559,396
Domestic Tax Authority
Income Taxes [Line Items]
Income Before Provision (Benefit) for Taxes	2,577,184	3,023,588	13,275,132
Foreign Tax Authority
Income Taxes [Line Items]
Income Before Provision (Benefit) for Taxes	$ 380,530	$ 438,201	$ 284,264

Provision (Benefit) for Income

Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Federal Income Tax	$ 362,144	$ 503,075	$ 507,648
Foreign Income Tax	112,861	75,859	55,376
State and Local Income Tax	186,851	255,421	156,735
Current Income Tax Expense (Benefit), Total	661,856	834,355	719,759
Federal Income Tax	(94,732)	(312,961)	373,223
Foreign Income Tax	(7,020)	(3,048)	(2,654)
State and Local Income Tax	(46,643)	(45,466)	94,073
Deferred Income Tax Expense (Benefit), Total	(148,395)	(361,475)	464,642
Provision for Taxes	$ 513,461	$ 472,880	$ 1,184,401

Summary of Tax Positions (Detai

Summary of Tax Positions (Detail) - USD ($) $ in Thousands	12 Months Ended
Summary of Tax Positions (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax [Line Items]
Income Before Provision for Taxes	$ 2,957,714	$ 3,461,789	$ 13,559,396
Provision for Taxes	$ 513,461	$ 472,880	$ 1,184,401
Effective Income Tax Rate	17.40%	13.70%	8.70%

Reconciliations of Effective In

Reconciliations of Effective Income Tax Rate to Federal Statutory Tax Rate (Detail)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Effective Tax Rate Reconciliation [Line Items]
Statutory U.S. Federal Income Tax Rate		21%	21%	21%
Income Passed Through to Non-Controlling Interest Holders		(8.20%)	(8.10%)	(10.20%)
State and Local Income Taxes		4.30%	6%	2.10%
Change in Valuation Allowance		0%	0%	(4.10%)
Basis Adjustment	[1]	0%	(4.60%)	0%
Other		0.30%	(0.60%)	(0.10%)
Effective Income Tax Rate		17.40%	13.70%	8.70%
2022 vs. 2021
Schedule of Effective Tax Rate Reconciliation [Line Items]
Income Passed Through to Non-Controlling Interest Holders			2.10%
State and Local Income Taxes			3.90%
Change in Valuation Allowance			4.10%
Basis Adjustment	[1]		(4.60%)
Other			(0.50%)
Effective Income Tax Rate			5%
2023 vs. 2022
Schedule of Effective Tax Rate Reconciliation [Line Items]
Income Passed Through to Non-Controlling Interest Holders		(0.10%)
State and Local Income Taxes		(1.70%)
Change in Valuation Allowance		0%
Basis Adjustment	[1]	4.60%
Other		0.90%
Effective Income Tax Rate		3.70%

[1]Represents the impact of the out-of-period adjustment made during the year ended December 31, 2022 to revise the book investment basis used to calculate deferred tax assets and the deferred tax provision.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax [Line Items]
Taxable loss of partnership	$ 0
Interest expense accrued	22,800	$ 32,600	$ 1,500
Reduction of Tax Receivable Agreement Liability	(27,196)	22,283	$ (2,759)
Tax Cuts and Jobs Act
Income Tax [Line Items]
Reduction of Tax Receivable Agreement Liability	$ (27,200)	$ 22,300

Summary of Tax Effects of Tempo

Summary of Tax Effects of Temporary Differences (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets
Investment Basis Differences/Net Unrealized Gains and Losses	$ 2,210,974	$ 2,031,002
Other	120,420	31,720
Total Deferred Tax Assets	2,331,394	2,062,722
Deferred Tax Liabilities
Investment Basis Differences/Net Unrealized Gains and Losses	18,333	15,409
Other	2,163	31,498
Total Deferred Tax Liabilities	20,496	46,907
Net Deferred Tax Assets	$ 2,310,898	$ 2,015,815

Schedule of Major Filing Jurisd

Schedule of Major Filing Jurisdictions and Open Period Subject to Examinations (Detail)	12 Months Ended
	Dec. 31, 2023
Federal \| Tax Year 2020 [Member]
Income Tax Examination [Line Items]
Open Tax Year	2020
New York City \| Tax Year 2009 [Member]
Income Tax Examination [Line Items]
Open Tax Year	2009
New York State \| Tax Year 2016 [Member]
Income Tax Examination [Line Items]
Open Tax Year	2016
United Kingdom \| Tax Year 2011 [Member]
Income Tax Examination [Line Items]
Open Tax Year	2011

Unrecognized Tax Benefits Exclu

Unrecognized Tax Benefits Excluding Related Interest and Penalties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits — January 1	$ 153,624	$ 47,501	$ 32,933
Additions based on Tax Positions Related to Current Year	19,807	0	0
Reductions for Tax Positions of Current Year	(19,737)	0	0
Additions for Tax Positions of Prior Years	57,081	106,059	14,557
Exchange Rate Fluctuations	3	64	11
Unrecognized Tax Benefits — December 31	$ 210,778	$ 153,624	$ 47,501

Basic and Diluted Net Income Pe

Basic and Diluted Net Income Per Common Stock (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Line Items]
Net Income Attributable to Blackstone Inc., Basic and Diluted	$ 1,390,880	$ 1,747,631	$ 5,857,397
Weighted-Average Shares of Common Stock Outstanding, Basic	755,204,556	740,664,038	719,766,879
Weighted-Average Shares of Unvested Deferred Restricted Common Stock	215,380	278,361	358,164
Weighted-Average Shares of Common Stock Outstanding, Diluted	755,419,936	740,942,399	720,125,043
Net Income Per Share of Common Stock, Basic	$ 1.84	$ 2.36	$ 8.14
Net Income Per Share of Common Stock, Diluted	1.84	2.36	8.13
Dividends Declared Per Share of Common Stock	$ 3.32	$ 4.94	$ 3.57

Summary of Anti-Dilutive Securi

Summary of Anti-Dilutive Securities (Detail) - shares	12 Months Ended
Summary of Anti-Dilutive Securities (Detail) - shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2019
Blackstone Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-Average Units	466,083,269	486,157,205	460,897,953

Schedule of Shares Eligible For

Schedule of Shares Eligible For Dividends and Distribution (Detail)	Dec. 31, 2023 shares
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	758,039,099
Shares eligible for dividends and distributions	1,216,583,462
Common Stock [Member]
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	719,358,114
Unvested Participating Common Stock [Member]
Stockholders Equity [Line Items]
Common stock eligible for dividends and distributions	38,680,985
Participating Partnership Units [Member]
Stockholders Equity [Line Items]
Participating Blackstone Holdings Partnership Units	458,544,363

Earnings Per Share and Stockh_3

Earnings Per Share and Stockholder's Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 07, 2021
Stockholders Equity [Line Items]
Preferred shares authorized	10,000,000,000
Preferred shares par value	$ 0.00001
Amount remaining available for repurchases	$ 756.8
Share Reclassification
Stockholders Equity [Line Items]
Preferred shares authorized	9,000,000,000
Common Stock
Stockholders Equity [Line Items]
Common stock repurchased, units	3,700,000	3,900,000	10,300,000
Amount authorized to repurchase under unit repurchase program				$ 2,000
Common stock repurchased, cost	$ 351.3	$ 392	$ 1,200
Series I Preferred Stock
Stockholders Equity [Line Items]
Preferred shares authorized	999,999,000	999,999,000
Preferred shares par value	$ 0.00001	$ 0.00001
Preferred shares issued	1	1
Preferred shares outstanding	1	1
Series I Preferred Stock \| Share Reclassification
Stockholders Equity [Line Items]
Preferred shares authorized	999,999,000
Preferred shares issued	1
Preferred shares outstanding	1
Series II Preferred Stock
Stockholders Equity [Line Items]
Preferred shares authorized	1,000	1,000
Preferred shares par value	$ 0.00001
Preferred shares issued	1		1
Preferred shares outstanding	1	1
Series II Preferred Stock \| Share Reclassification
Stockholders Equity [Line Items]
Preferred shares authorized	1,000
Preferred shares issued	1
Preferred shares outstanding	1

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Partnership grant units				172,161,191
Compensation expense in relation to equity-based awards	$ 987,549	$ 846,349	$ 637,441
Tax benefits in relation to equity-based awards	183,400	135,900	84,300
Estimated unrecognized compensation expense related to unvested awards	$ 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	1,216,569,512
Phantom units vesting period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	30 days
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total outstanding unvested phantom units	91,648
Payment in settlement of phantom units	$ 1,700	$ 600	$ 1,100
Phantom Share Units (PSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed forfeiture rate	6.70%
Phantom units vesting period	1 year
Phantom Share Units (PSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed forfeiture rate	13%
Phantom units vesting period	5 years
Equity Settled Awards Deferred Restricted Common Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed service period, in years	1 year
Assumed forfeiture rate	1%
Per unit discount	$ 1.46
Equity Settled Awards Deferred Restricted Common Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed service period, in years	5 years
Assumed forfeiture rate	13%
Per unit discount	$ 21.53
Blackstone Partnership Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed forfeiture rate	6.70%
Blackstone Partnership Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed service period, in years	1 year
Blackstone Partnership Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed service period, in years	2 years

Summary of Status of Partnershi

Summary of Status of Partnership's Unvested Equity-Based Awards (Detail)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Blackstone \| Blackstone Partnership Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance \| shares	11,029,996
Granted (Units) \| shares	209,498
Vested (Units) \| shares	(6,305,456)
Forfeited (Units) \| shares	(348,145)
Ending Balance \| shares	4,585,893
Beginning Balance \| $ / shares	$ 38.02
Granted (Weighted-Average Grant Date Fair Value) \| $ / shares	33.73
Vested (Weighted-Average Grant Date Fair Value) \| $ / shares	37.25
Forfeited (Weighted-Average Grant Date Fair Value) \| $ / shares	38.3
Ending Balance \| $ / shares	$ 38.94
Blackstone Group Inc. [Member] \| Equity Settled Awards Deferred Restricted Shares Of Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance \| shares	31,001,563
Granted (Units) \| shares	15,590,890
Vested (Units) \| shares	(9,179,271)
Forfeited (Units) \| shares	(956,538)
Ending Balance \| shares	36,456,644
Beginning Balance \| $ / shares	$ 82.94
Granted (Weighted-Average Grant Date Fair Value) \| $ / shares	85.21
Vested (Weighted-Average Grant Date Fair Value) \| $ / shares	74.2
Forfeited (Weighted-Average Grant Date Fair Value) \| $ / shares	87.22
Ending Balance \| $ / shares	$ 86.05
Blackstone Group Inc. [Member] \| Cash Settled Awards Phantom Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance \| shares	48,886
Granted (Units) \| shares	69,267
Vested (Units) \| shares	(13,840)
Forfeited (Units) \| shares	(18,866)
Ending Balance \| shares	85,447
Beginning Balance \| $ / shares	$ 85.04
Granted (Weighted-Average Grant Date Fair Value) \| $ / shares	93.2
Vested (Weighted-Average Grant Date Fair Value) \| $ / shares	103.38
Forfeited (Weighted-Average Grant Date Fair Value) \| $ / shares	68.63
Ending Balance \| $ / shares	$ 114.5

Unvested Shares and Units, Afte

Unvested Shares and Units, After Expected Forfeitures (Detail)	12 Months Ended
	Dec. 31, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Blackstone Holdings Partnership Units	4,646,877
Deferred Restricted Shares of Common Stock	32,671,159
Total Equity-Based Awards	37,318,036
Phantom Shares	71,674
Blackstone Holdings Partnership Units (Weighted-Average Service Period in Years)	9 months 18 days
Deferred Restricted Shares of Common Stock (Weighted-Average Service in Years)	2 years 10 months 24 days
Total Equity-Based Awards (Weighted-Average Service Period in Years)	2 years 7 months 6 days
Phantom Shares (Weighted-Average Service Period in Years)	3 years

Due from Affiliates and Due to

Due from Affiliates and Due to Affiliates (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Management Fees, Performance Revenues, Reimbursable Expenses and Other Receivables from Non-Consolidated Entities and Portfolio Companies	$ 3,638,948	$ 3,344,813
Due from Certain Non-Controlling Interest Holders and Blackstone Employees	720,743	741,319
Accrual for Potential Clawback of Previously Distributed Performance Allocations	106,830	60,575
Due from Affiliates, total	4,466,521	4,146,707
Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements	1,681,516		$ 1,602,933
Due to Non-Consolidated Entities	124,560		157,982
Due to Certain Non-Controlling Interest Holders and Blackstone Employees	305,816		198,875
Accrual for Potential Repayment of Previously Received Performance Allocations	281,518		158,691
Due to Affiliates, total	2,393,410	2,118,481
Related Party [Member]
Related Party Transaction [Line Items]
Due from Affiliates, total	4,466,521	$ 4,146,707
Due to Affiliates, total	$ 2,393,410		$ 2,118,481

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Investments	$ 26,146,622	$ 27,553,251
Cash saving in tax receivable agreements, percentage	85%
Expected future payments under the tax receivable agreements	$ 1,700,000
Expected future payments under the tax receivable agreements in years	15 years
After-tax net present value estimated payments	$ 522,600
After-tax net present value discount rate assumption	15%
After tax net estimated payments made	$ 92,400
Founder, senior managing directors, employees and certain other related parties
Related Party Transaction [Line Items]
Net Income Attributable to Non-Controlling Interests	87,800	10,900	$ 471,500
Founder, senior managing directors, employees and certain other related parties \| Consolidated Blackstone Funds
Related Party Transaction [Line Items]
Investments	$ 1,700,000	$ 1,600,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Jan. 01, 2023
Schedule Of Commitments And Contingencies [Line Items]
General partner capital funding	$ 5,000
Consolidated entities net assets restricted as to payment of cash dividends and advances to partnership	106.6
Total investments at risk in respect of guarantees extended	$ 27.9
Contingent obligations currently anticipated to expire end	2032
Provision for cash clawback	$ 1,100
Contingent Obligations (Clawback)	6,400
Loss Contingency Accrual, Payments	$ 14.3
Blackstone Real Estate Investment Trust or BREIT [Member]
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	$ 564
Investments Pledged fair value	$ 1,100
Common stock, value, subscriptions		$ 4,500
Blackstone Real Estate Investment Trust or BREIT [Member] \| University of California [Member]
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	79.8
Contingent Obligations (Clawback)	6,000
Loss Contingency Accrual, Payments	9.3
Current And Former Blackstone Personnel
Schedule Of Commitments And Contingencies [Line Items]
Loss Contingency Accrual, Payments	5
Consolidated Blackstone Funds
Schedule Of Commitments And Contingencies [Line Items]
Funds signed investment commitments	364.4
Consolidated Blackstone Funds \| Portfolio Company Acquisition
Schedule Of Commitments And Contingencies [Line Items]
Signed investment commitments for portfolio company acquisitions in process of closing	$ 210.6

Clawback Obligations by Segment

Clawback Obligations by Segment (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Product Liability Contingency [Line Items]
Clawback obligations	[1]	$ 281,518	$ 158,691
Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		174,688	98,146
Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	106,830	60,545
Real Estate Segment
Product Liability Contingency [Line Items]
Clawback obligations	[1]	235,772	130,415
Real Estate Segment \| Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		145,435	78,644
Real Estate Segment \| Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	90,337	51,771
Private Equity Segment
Product Liability Contingency [Line Items]
Clawback obligations	[1]	45,277	27,848
Private Equity Segment \| Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		29,046	19,279
Private Equity Segment \| Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	16,231	8,569
Credit & Insurance
Product Liability Contingency [Line Items]
Clawback obligations	[1]	469	428
Credit & Insurance \| Blackstone Holdings
Product Liability Contingency [Line Items]
Clawback obligations		207	223
Credit & Insurance \| Current And Former Blackstone Personnel
Product Liability Contingency [Line Items]
Clawback obligations	[2]	$ 262	$ 205

[1]Total is a component of Due to Affiliates. See Note 18. “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) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Segment	Dec. 31, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of business segments \| Segment	4	4
Investment Advice [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	$ 6,671,260	$ 6,303,315	$ 5,170,707
Investment Advice [Member] \| Customer Concentration Risk [Member] \| Revenue from Contract with Customer Benchmark [Member] \| No Major Customer [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			10%
Blackstone Real Estate Investment Trust or BREIT [Member] \| Investment Advice [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	839,900	841,300
Blackstone Private Credit Fund [Member] \| Investment Advice [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	762,600
UNITED STATES
Segment Reporting Information [Line Items]
Long lived assets	$ 1,100,000	$ 1,000,000
Percentage of revenue	70%	77%	65%
UNITED KINGDOM
Segment Reporting Information [Line Items]
Long lived assets	$ 141,700

Summary of Revenue from Externa

Summary of Revenue from External Customers by Geographic Areas (Detail)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Percentage of revenue from external customers	100%	100%	100%
Americas
Segment Reporting Information [Line Items]
Percentage of revenue from external customers	78%	83%	71%
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Percentage of revenue from external customers	15%	15%	18%
Asia-Pacific
Segment Reporting Information [Line Items]
Percentage of revenue from external customers	7%	2%	11%

Financial Data of Segments (Det

Financial Data of Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Fee Related Performance Revenues	$ 858,527	$ 1,449,497	$ 2,025,244
Realized Performance Revenues	2,919,012	5,906,767	5,907,443
Realized Performance Compensation	(1,181,926)	(2,433,262)	(2,410,105)
Realized Principal Investment Income	110,932	396,256	587,766
Operating Segments
Segment Reporting Information [Line Items]
Base Management Fees	6,465,847	6,045,038	4,819,275
Transaction, Advisory and Other Fees, Net	235,892	310,117	391,938
Management Fee Offsets	(38,495)	(72,209)	(43,971)
Total Management and Advisory Fees, Net	6,663,244	6,282,946	5,167,242
Fee Related Performance Revenues	858,527	1,449,497	2,025,244
Fee Related Compensation	(2,088,110)	(2,330,775)	(2,348,010)
Other Operating Expenses	(1,084,333)	(989,023)	(793,677)
Fee Related Earnings	4,349,328	4,412,645	4,050,799
Realized Performance Revenues	2,061,102	4,461,338	3,883,112
Realized Performance Compensation	(896,017)	(1,814,097)	(1,557,570)
Realized Principal Investment Income	110,932	396,256	587,766
Total Net Realizations	1,276,017	3,043,497	2,913,308
Total Segment Distributable Earnings	5,625,345	7,456,142	6,964,107
Segment Assets	36,443,911	37,947,760	6,964,107
Operating Segments \| Real Estate Segment
Segment Reporting Information [Line Items]
Base Management Fees	2,794,232	2,462,179	1,895,412
Transaction, Advisory and Other Fees, Net	78,483	171,424	160,395
Management Fee Offsets	(29,357)	(10,538)	(3,499)
Total Management and Advisory Fees, Net	2,843,358	2,623,065	2,052,308
Fee Related Performance Revenues	294,240	1,075,424	1,695,019
Fee Related Compensation	(675,880)	(1,039,125)	(1,161,349)
Other Operating Expenses	(325,050)	(315,331)	(234,505)
Fee Related Earnings	2,136,668	2,344,033	2,351,473
Realized Performance Revenues	244,358	2,985,713	1,119,612
Realized Performance Compensation	(123,299)	(1,168,045)	(443,220)
Realized Principal Investment Income	7,628	150,790	196,869
Total Net Realizations	128,687	1,968,458	873,261
Total Segment Distributable Earnings	2,265,355	4,312,491
Segment Assets	13,016,980	14,637,693	3,224,734
Operating Segments \| Private Equity Segment
Segment Reporting Information [Line Items]
Base Management Fees	1,807,906	1,786,923	1,521,273
Transaction, Advisory and Other Fees, Net	105,640	97,876	174,905
Management Fee Offsets	(5,182)	(56,062)	(33,247)
Total Management and Advisory Fees, Net	1,908,364	1,828,737	1,662,931
Fee Related Performance Revenues	0	(648)	212,128
Fee Related Compensation	(595,669)	(575,194)	(662,824)
Other Operating Expenses	(316,741)	(304,177)	(264,468)
Fee Related Earnings	995,954	948,718	947,767
Realized Performance Revenues	1,268,483	1,191,028	2,263,099
Realized Performance Compensation	(558,645)	(544,229)	(943,199)
Realized Principal Investment Income	67,133	139,767	263,368
Total Net Realizations	776,971	786,566	1,583,268
Total Segment Distributable Earnings	1,772,925	1,735,284
Segment Assets	13,914,844	14,142,313	2,531,035
Operating Segments \| Credit & Insurance Segment
Segment Reporting Information [Line Items]
Base Management Fees	1,335,408	1,230,710	765,905
Transaction, Advisory and Other Fees, Net	44,560	34,624	44,868
Management Fee Offsets	(3,907)	(5,432)	(6,653)
Total Management and Advisory Fees, Net	1,376,061	1,259,902	804,120
Fee Related Performance Revenues	564,287	374,721	118,097
Fee Related Compensation	(640,190)	(529,784)	(367,322)
Other Operating Expenses	(327,734)	(264,181)	(199,912)
Fee Related Earnings	972,424	840,658	354,983
Realized Performance Revenues	317,760	147,413	209,421
Realized Performance Compensation	(140,490)	(63,846)	(94,450)
Realized Principal Investment Income	21,897	80,993	70,796
Total Net Realizations	199,167	164,560	185,767
Total Segment Distributable Earnings	1,171,591	1,005,218
Segment Assets	6,919,377	6,346,001	540,750
Operating Segments \| Hedge Fund Solutions Segment
Segment Reporting Information [Line Items]
Base Management Fees	528,301	565,226	636,685
Transaction, Advisory and Other Fees, Net	7,209	6,193	11,770
Management Fee Offsets	(49)	(177)	(572)
Total Management and Advisory Fees, Net	535,461	571,242	647,883
Fee Related Performance Revenues	0	0	0
Fee Related Compensation	(176,371)	(186,672)	(156,515)
Other Operating Expenses	(114,808)	(105,334)	(94,792)
Fee Related Earnings	244,282	279,236	396,576
Realized Performance Revenues	230,501	137,184	290,980
Realized Performance Compensation	(73,583)	(37,977)	(76,701)
Realized Principal Investment Income	14,274	24,706	56,733
Total Net Realizations	171,192	123,913	271,012
Total Segment Distributable Earnings	415,474	403,149
Segment Assets	$ 2,592,710	$ 2,821,753	$ 667,588

Reconciliation of Total Segment

Reconciliation of Total Segments to Income (Loss) Before Provision for Taxes and Total Assets (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total Revenues		$ 8,022,841	$ 8,517,673	$ 22,577,148
Less: Unrealized Principal Investment (Income) Loss		(603,154)	(1,563,849)	1,456,201
Total Expenses		4,981,130	4,973,025	9,476,617
Total Other Income		(83,997)	(82,859)	458,865
Total Other Income		0	0	0
Total GAAP Income Before Provision for Taxes		2,957,714	3,461,789	13,559,396
Less: Unrealized Principal Investment (Income) Loss		(603,154)	(1,563,849)	1,456,201
Total Assets		40,287,530	42,524,227
Operating Segments
Segment Reporting Information [Line Items]
Total Revenues	[1]	9,693,805	12,590,037	11,663,364
Total Expenses	[2]	4,068,460	5,133,895	4,699,257
Total Segment Distributable Earnings		5,625,345	7,456,142	6,964,107
Total Assets		36,443,911	37,947,760	6,964,107
Consolidation Adjustments and Reconciling Items
Segment Reporting Information [Line Items]
Less: Unrealized Performance Revenues	[3]	1,691,788	3,436,978	(8,675,246)
Less: Unrealized Principal Investment (Income) Loss	[4]	593,301	1,235,529	(679,767)
Less: Interest and Dividend Revenue	[5]	(535,641)	(285,075)	(163,044)
Less: Other Revenue	[6]	93,083	(183,754)	(202,885)
Impact of Consolidation	[7]	(200,237)	(109,379)	(1,197,854)
Transaction-Related and Non-Recurring Items	[8]	25,672	(24,656)	660
Less: Unrealized Performance Allocations Compensation	[9]	654,403	1,470,588	(3,778,048)
Less: Equity-Based Compensation	[10]	(959,474)	(782,090)	(559,537)
Less: Interest Expense	[11]	(429,521)	(316,569)	(196,632)
Impact of Consolidation	[7]	(137,603)	(61,644)	(25,673)
Amortization of Intangibles	[12]	(33,457)	(60,481)	(68,256)
Transaction-Related and Non-Recurring Items	[8]	(309)	(81,789)	(143,378)
Administrative Fee Adjustment	[13]	9,707	9,866	10,188
Less: Unrealized Performance Revenues	[3]	1,691,788	3,436,978	(8,675,246)
Less: Unrealized Principal Investment (Income) Loss	[4]	593,301	1,235,529	(679,767)
Less: Interest and Dividend Revenue	[5]	(535,641)	(285,075)	(163,044)
Less: Other Revenue	[6]	93,083	(183,754)	(202,885)
Plus: Unrealized Performance Allocations Compensation	[9]	(654,403)	(1,470,588)	3,778,048
Plus: Equity-Based Compensation	[10]	959,474	782,090	559,537
Plus: Interest Expense	[11]	429,521	316,569	196,632
Amortization of Intangibles	[12]	33,457	60,481	68,256
Administrative Fee Adjustment	[13]	9,707	9,866	10,188
Transaction-Related Charges	[8]	25,981	57,133	144,038
Segment Adjustment
Segment Reporting Information [Line Items]
Intersegment Eliminations		2,998	2,721	4,352
Intersegment Eliminations		2,998	2,721	4,352
Impact of Consolidation
Segment Reporting Information [Line Items]
Total Other Income	[7]	83,997	82,859	(458,865)
Impact of Consolidation	[7]	21,363	35,124	$ (1,631,046)
Total Assets	[7]	$ (3,843,619)	$ (4,576,467)

[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 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 years ended December 31, 2023, 2022 and 2021, Other Revenue on a GAAP basis was $(92.9) million, $184.6 million and $203.1 million and included $(94.7) million, $182.9 million and $200.6 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 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.[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		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total Segment Fee Related Performance Revenues		$ 858,527	$ 1,449,497	$ 2,025,244
Total Segment Realized Performance Revenues		2,919,012	5,906,767	5,907,443
Total Segment Realized Principal Investment Income		110,932	396,256	587,766
Total Segment Realized Performance Compensation		1,181,926	2,433,262	2,410,105
Total Segment Other Operating Expenses		(92,929)	184,557	203,086
Foreign exchange gains (losses)		(94,700)	182,900	200,600
Operating Segments
Segment Reporting Information [Line Items]
Total Segment Management and Advisory Fees, Net		6,663,244	6,282,946	5,167,242
Total Segment Fee Related Performance Revenues		858,527	1,449,497	2,025,244
Total Segment Realized Performance Revenues		2,061,102	4,461,338	3,883,112
Total Segment Realized Principal Investment Income		110,932	396,256	587,766
Total Revenues	[1]	9,693,805	12,590,037	11,663,364
Total Segment Fee Related Compensation		2,088,110	2,330,775	2,348,010
Total Segment Realized Performance Compensation		896,017	1,814,097	1,557,570
Total Segment Other Operating Expenses		1,084,333	989,023	793,677
Total Expenses	[2]	$ 4,068,460	$ 5,133,895	$ 4,699,257

[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		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenues	[1]	$ (8,016)	$ (20,369)	$ (3,465)
Investment Income — Realized Performance Allocations		2,223,841	5,381,640	5,653,452
Realized Performance Revenues		858,527	1,449,497	2,025,244
Compensation and Benefits Compensation		2,785,447	2,569,780	2,161,973
Incentive Fee Compensation		281,067	207,998	98,112
Realized Performance Allocations Compensation		900,859	2,225,264	2,311,993
Realized Performance Revenues		2,919,012	5,906,767	5,907,443
Segment Adjustment	[2]	617	4,068	913
Total Compensation and Benefits		3,967,373	5,003,042	4,572,078
General, Administrative and Other		1,117,305	1,092,671	917,847
General, Administrative and Other	[3]	(32,972)	(103,648)	(124,170)
Investment Income — Realized Performance Allocations		2,223,841	5,381,640	5,653,452
Realized Performance Revenues		2,919,012	5,906,767	5,907,443
Realized Performance Compensation		(1,181,926)	(2,433,262)	(2,410,105)
Investment Income Realized		303,823	850,327	1,003,822
Investment Income Realized	[4]	(192,891)	(454,071)	(416,056)
Investment Income Realized		110,932	396,256	587,766
Segment Adjustment	[5]	(23,772)	(76,080)	(106,961)
Less: Fee Related Performance Compensation	[6]	(273,010)	(609,245)	(844,261)
Total Segment		1,181,926	2,433,262	2,410,105
Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		6,671,260	6,303,315	5,170,707
Incentive Fees
Segment Reporting Information [Line Items]
Revenues		695,171	525,127	253,991
Operating Segments
Segment Reporting Information [Line Items]
Revenues		6,663,244	6,282,946	5,167,242
Realized Performance Revenues		858,527	1,449,497	2,025,244
Realized Performance Revenues		2,061,102	4,461,338	3,883,112
Realized Performance Revenues		(858,527)	(1,449,497)	(2,025,244)
General, Administrative and Other		1,084,333	989,023	793,677
Realized Performance Revenues		2,061,102	4,461,338	3,883,112
Less: Realized Performance Revenues		(2,061,102)	(4,461,338)	(3,883,112)
Realized Performance Compensation		(896,017)	(1,814,097)	(1,557,570)
Investment Income Realized		110,932	396,256	587,766
Less: Equity-Based Compensation — Operating Compensation		(946,575)	(772,170)	(551,263)
Less: Equity-Based Compensation — Performance Compensation		(12,899)	(9,920)	(8,274)
Total Compensation and Benefits		2,088,110	2,330,775	2,348,010
Less: Equity-Based Compensation — Performance Compensation		(12,899)	(9,920)	(8,274)
Total Segment		896,017	1,814,097	1,557,570
Operating Segments \| Management and Advisory Fees, Net
Segment Reporting Information [Line Items]
Revenues		$ 6,663,244	$ 6,282,946	$ 5,167,242

[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 amortization of transaction-related intangibles, (2) removal of certain expenses reimbursed by the Blackstone Funds, which are presented gross under GAAP but netted against Management and Advisory Fees, Net in the Total Segment measures, and (3) a reduction equal to an administrative fee collected on a quarterly basis from certain holders of Blackstone Holdings Partnership Units which is accounted for as a capital contribution under GAAP, but is reflected as a reduction of Other Operating Expenses in Blackstone’s segment presentation.[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 Charges 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.