Blackstone Inc. announced on Thursday that its total revenues fell from $5.76 billion in the fourth quarter of fiscal 2021 to $1.7 billion in the same timeframe in 2022. Net income stood at $743 million after declining from $2.94 billion, while diluted earnings per share dropped from $1.92 to $0.75. In full fiscal 2022, total revenues were $8.5 billion, compared to $22.6 billion documented in 2021. Net income and diluted earnings per share decreased from $12.4 billion and $8.13 to $3 billion and $2.36, respectively. “Our total assets under management grew to a record $975 billion, up 11% year over year,” Chairman and CEO Stephen Schwarzman (pictured) said. The Investment management company’s shares were down 0.61% in premarket after the release of the report. NN: poof money gone… so much for safe secure retirement savings in funds… And no you cannot take your retirement savings back….. Won’t they be surprised when they find out they were not saving and their retirement money is gone. Speculate only with money you can afford to lose…. And make sure your safe secure savings actually is safe and secure…. Hell is to find out a trillion dollar fund used your retirement savings to speculate…. The ONLY place for you safe secure savings is in cash at treasury direct and in US government securities………. Even cash in your mattress is a problem.