He's the man.

[m_gigena]

Stephen Schwarzman is Wall Street's $4.78 billion man.

NEW YORK (AP)
That's how much money the co-founder of private equity shop Blackstone Group LP made in compensation for 2007, the year he brought the firm public, according to a filing with the Securities and Exchange Commission. His payday was almost as much as the $7.47 billion profit that international investment bank Morgan Stanley made that year.

He received $4.77 billion worth of stock awards as part of last year's initial public offering of Blackstone's management division. Twenty-five percent, or about $1 billion, of those shares immediately vested, while the remaining will vest in equal installments over the next four years.

Schwarzman -- who earlier this week announced a $100 million personal donation to the New York Public Library -- made $175,000 in salary but took no bonus in 2007, according to the filing. The Blackstone chairman and chief executive received $179,482 in other compensation, which includes use of a car and driver.