Steve Schwarzman of Blackstone
Source: Blackstone
Blackstone CEO Stephen Schwarzman will help Donald Trump as the former U.S. president seeks to return to the White Residence, Axios noted on Friday.
Schwarzman, a single of the greatest political donors on Wall Avenue, plans to donate to Trump and numerous Republican Senate candidates, the report reported, citing a assertion from the investment management company’s CEO.
Very long considered as a Trump ally, Schwarzman experienced introduced in 2022 he would not back again the previous president, declaring it was time for the Republican Party to turn to a new technology of leaders. He did not again any prospect in this year’s nominating contests.
But considerations about financial, immigration and foreign insurance policies below Democratic President Joe Biden, along with “the remarkable rise of antisemitism” in the nation, drove his final decision to endorse Trump, Schwarzman explained in the statement.
In advance of 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 data clearly show.
Blackstone did not immediately reply to a Reuters ask for for remark.