Blackstone Inc. Annual Report, Year Ended Dec 31, 2021

Blackstone Inc. reported a significant increase in total revenues for the year ended December 31, 2021, reaching $22.6 billion, a substantial 270% jump from the previous year, primarily driven by a $14.8 billion increase in Investment Income (Loss). This surge was largely attributed to robust net unrealized appreciation across all segments, particularly in Real Estate and Private Equity, which saw significant growth in the carrying values of their investment holdings. The company's Fee Related Earnings also demonstrated strong growth, increasing by 100% to $2.4 billion, propelled by higher Fee Related Performance Revenues and Management Fees, Net. Net Realizations also contributed significantly, increasing by 75% to $873.3 million. Assets Under Management saw considerable expansion, with Total Assets Under Management growing by 42% to $880.9 billion and Fee-Earning Assets Under Management increasing by 38% to $650.0 billion, highlighting strong capital deployment and market appreciation. The company maintained a solid liquidity position with $2.1 billion in Cash and Cash Equivalents as of year-end 2021.