Blackstone CEO Stephen Schwarzman will support Donald Trump as the former U.S. president seeks to return to the White House, Axios reported on Friday.
Long viewed as a Trump ally, Schwarzman had announced in 2022 he would not back the former president, saying it was time for the Republican Party to turn to a new generation of leaders.
Schwarzman, one of the biggest political donors on Wall Street, plans to donate to Trump and various Republican Senate candidates, the report said, citing a statement from the investment management company's CEO. Long viewed as a Trump ally, Schwarzman had announced in 2022 he would not back the former president, saying it was time for the Republican Party to turn to a new generation of leaders. He did not back any candidate in this year's nominating contests.
But concerns about economic, immigration and foreign policies under Democratic President Joe Biden, along with "the dramatic rise of antisemitism" in the country, drove his decision to endorse Trump, Schwarzman said in the statement. Before Friday's report, Schwarzman had in March donated $375,000 to Buckeye Values, a super PAC supporting Ohio Republican Senate candidate Bernie Moreno which subsequently staged Trump rallies, campaign finance records show.
Politics Breaking News: Politics Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blackstone CEO Steve Schwarzman will back Trump'Our economic, immigration and foreign policies are taking the country in the wrong direction,” Schwarzman says.
Read more »
Scoop: Blackstone's Steve Schwarzman backs TrumpThe support by Schwarzman will be a financial windfall for Trump.
Read more »
Billionaire CEO Schwarzman changes course and backs Trump citing rising antisemitism as top concernBillionaire Steve Schwarzman announced he will be supporting former President Donald Trump after previously calling for the GOP to move on to fresh leadership.
Read more »
Flos CEO Roberta Silva Steps DownFlos CEO Roberta Silva is replaced by Design Holding CEO Daniel Lalonde in the interim.
Read more »
Trump hush money trial: Proceedings resume as SCOTUS hears arguments in Trump's immunity trialIn New York City, former tabloid publisher David Pecker is set to take the stand again. In D.C., the Supreme Court is dealing with Trump's immunity case.
Read more »
Trump hush money trial: Prosecutors accuse Trump of more gag order violationsA reluctant Donald Trump will be back in a New York City courtroom Thursday as his hush money trial resumes.
Read more »