Black, Schwarzman earnings climbed strongly in 2013: UPDATED

Apollo Global Management LLC Chief Executive Officer and co-founder Leon Black received $369.4 million in dividends and pay from his private equity and credit investment firm in 2013, up 105 percent from 2012, while Stephen Schwarzman’s earnings from dividends and pay as chief executive of The Blackstone Group LP soared by 75 percent to $374.5 million in 2013, underpinning his firm’s strong profits in real estate, private equity, credit and hedge funds, sister news service Reuters reported, citing regulatory filings.