Blackstone CEO and co-founder Stephen Schwarzman announced his support for former President Donald Trump in the 2024 election, citing concerns about the direction of economic, immigration, and foreign policies in the country. Schwarzman, who had previously distanced himself from Trump, stated that he plans to vote for change and support Trump for president, as well as other Republican candidates down the ticket. He also expressed urgency in addressing the rise of antisemitism and emphasized the importance of upcoming elections.
President Biden has faced criticism from Republicans, including Trump, for not doing enough to combat antisemitism, particularly in response to anti-Israel protests on college campuses. Schwarzman’s decision to support Trump comes after he had previously spoken out against the idea of Trump running for president again in 2022, stating that the Republican Party should look to new leaders rooted in today and tomorrow. Despite reaching out to the Trump and Biden campaigns for comment, Fox News Digital did not receive a response regarding Schwarzman’s announcement.
Big money GOP donors have been aligning themselves around Trump as he works to close the fundraising gap with the Biden campaign. Although Biden had been outpacing Trump in monthly fundraising, Trump surpassed him for the first time in April, thanks in part to a record-setting $50.5 million fundraising event hosted by billionaire investor John Paulson at his Palm Beach, Florida home. Trump’s increased fundraising efforts come as he prepares for the 2024 election and works to secure support from key donors within the Republican Party.
Schwarzman, who co-founded the Blackstone private equity firm in 1985 and is worth an estimated $39 billion, has become a prominent figure in the realm of Republican politics and fundraising. His decision to support Trump marks a shift from his previous stance, reflecting a growing trend among big money GOP donors who are rallying behind the former president as he gears up for another potential presidential bid. Schwarzman’s statement underscores the importance of the upcoming elections and the need for change in leadership in the Republican Party.
As the 2024 election approaches, the Republican Party is facing a pivotal moment in its future direction, with prominent figures like Schwarzman throwing their support behind Trump. The former president’s fundraising success in April and the increasing support from big money GOP donors highlight the shifting dynamics within the party and the potential impact on the upcoming election. Schwarzman’s endorsement of Trump reflects his concerns about the current state of policies and the urgency of addressing issues like antisemitism, signaling a significant development in the political landscape leading into the 2024 election.
Overall, Schwarzman’s decision to support Trump in the 2024 election represents a noteworthy shift in his political alignment and underscores the broader trends within the Republican Party. As Trump works to garner support from key donors and rally Republicans behind his potential candidacy, figures like Schwarzman play a crucial role in shaping the party’s future direction. The upcoming election will be a critical moment for the GOP, with key players like Schwarzman signaling their intentions and highlighting the importance of addressing pressing issues facing the country.
