• Blackstone average return on tangible equity for 2023 was 8.17, a 55.62% increase from 2022.
• Blackstone average return on tangible equity for 2022 was 18.41, a 44.93% decline from 2021.
• Blackstone average return on tangible equity for 2021 was 33.43, a 374.86% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.