Billionaire CEO Schwarzman supports Trump due to concerns about rising antisemitism.
Blackstone CEO and co-founder Stephen Schwarzman has made a surprising announcement on Friday, revealing his support for former President Donald Trump in the upcoming 2024 presidential election. This move comes after Schwarzman had previously distanced himself from Trump during the GOP primary. Schwarzman stated, “For these reasons, I am planning to vote for change and support Donald Trump for President. In addition, I will be supporting Republican Senate candidates and other Republicans up and down the ticket.”
Schwarzman, who briefly served as chairman of Trump’s Strategic and Policy Forum, emphasized that the “dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency.” This decision reflects Schwarzman’s commitment to addressing critical issues and supporting candidates who align with his values.
President Biden has faced criticism from Republicans, including Trump, for his perceived inaction in combating antisemitism, particularly regarding anti-Israel protests on college campuses across the country. Schwarzman’s endorsement of Trump signals a shift in his political stance and a renewed focus on prioritizing key issues in the upcoming election.
A prominent figure in the business world, Schwarzman co-founded the Blackstone private equity firm in 1985 and is estimated to be worth $39 billion. His decision to support Trump in 2024 marks a significant turn of events, especially considering his previous statement in 2022 calling for the GOP to embrace new leadership.
Speaking on the matter, Schwarzman remarked, “America does better when its leaders are rooted in today and tomorrow, not today and yesterday. It is time for the Republican Party to turn to a new generation of leaders, and I intend to support one of them in the presidential primaries.” This declaration underscores Schwarzman’s belief in the importance of forward-thinking leadership and his commitment to shaping the future of the Republican Party.
As Trump gears up for the 2024 election, big-money GOP donors have shown increasing support for his campaign, aiming to narrow the fundraising gap with the Biden campaign. Despite Biden consistently outpacing Trump in monthly fundraising, April saw a shift in this trend as Trump surpassed Biden for the first time in this election cycle.
Trump’s fundraising efforts received a significant boost in April, with a record-setting $50.5 million raised at a single event held at the Palm Beach, Florida home of billionaire investor John Paulson. The surge in donations highlights the growing momentum behind Trump’s campaign and the strong financial support he has garnered from top GOP donors.
Former President Trump’s rally in the historically Democratic district of the South Bronx on May 23, 2024, showcased his continued popularity and appeal among supporters. As the 2024 presidential election approaches, Schwarzman’s endorsement adds a new dimension to the political landscape, underscoring the evolving dynamics within the Republican Party and the broader electoral arena.
