Public outcry after billionaire wants school renamed in his honour, with numerous portraits on campus. : Billionaire Stephen A. Schwarzman wanted to give $US25 million ($32 million) to his alma mater in Pennsylvania, Abington High School. And the school board was eager to get the money for a renovation and new technology center. But the money wasn't exactly free, and the community was not amused when it learned the details. Schwarzman, chairman and chief operating officer of the global private equity firm the Blackstone Group, has amassed a $US12.2 billion fortune, according to Forbes magazine.