In the annals of billionaire business magnates, the personal lives and relationships of these individuals often bear a certain mystique.
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In the case of Stephen A. Schwarzman, the co-founder of The Blackstone Group, his journey through love and marriage includes a significant chapter with his first wife, Ellen Philips.
The union between Stephen and Ellen was solemnized in 1971. Ellen Philips, a woman with her own notable affiliations, held positions as a trustee of Northwestern University and the Mount Sinai Medical Center.
Their marriage unfolded over the years, witnessing the shared joys and challenges that come with building a life together. The couple welcomed two children into their family, a testament to the multifaceted nature of their lives.
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Teddy Schwarzman, one of their offspring, ventured into the world of filmmaking, becoming a film producer known for his notable contributions to the cinematic landscape. Zibby Owens, the second child, carved her own path as a writer and podcaster, bringing her unique voice and perspectives to the public sphere.
Despite the shared history and the family they built, Stephen and Ellen’s journey took a turn, and they decided to part ways. The couple officially divorced in 1990, marking the end of a significant chapter in both of their lives.
While Stephen A. Schwarzman continued to rise in prominence as a formidable figure in the world of finance and business, Ellen Philips pursued her own endeavors.


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